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

                                   FORM 10-K
(MARK ONE)

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

                  For the fiscal year ended December 31, 2010

[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE
        SECURITIES EXCHANGE ACT OF 1934

                  For the transition period from     to

                        Commission file number 001-32574
                                               ---------

                            GOLDEN GATE HOMES, INC.
             (Exact name of registrant as specified in its charter)

                DELAWARE                               87-0745202
     (State or other jurisdiction           (I.R.S. Employer Identification No.)
     incorporation or organization)


14 Wall Street, 20th Floor, New York, New York                   10005
     (Address of principal executive offices)                  (Zip Code)

                   Issuer's telephone number:  (212) 385-0955

      Securities registered under Section 12(b) of the Exchange Act: None

         Securities registered under Section 12(g) of the Exchange Act:

                    Common Stock,par value $.0001 per share
                    ----------------------------------------
                                (Title of Class)

     Indicate  by  check mark if the registrant is a well-known seasoned issuer,
as  defined  in  Rule  405  of  the  Securities  Act.  Yes [ ]    No [X]

     Indicate  by  check  mark if the registrant is not required to file reports
pursuant  to  Section  13  or  Section 15(d) of the Exchange Act. Yes [ ] No [X]

     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  [X]  No  [  ]
<PAGE>
     Indicate  by check mark if disclosure of delinquent filers pursuant to Item
405  of  Regulation  S-K ( 229.405 of this chapter) is not contained herein, and
will  not  be  contained,  to  the best of registrant's knowledge, in definitive
proxy  or  information  statements incorporated by reference in Part III of this
Form  10-K  or  any  amendment  to  this  Form  10-K. [ ]

     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  smaller  reporting  company)

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

     State the aggregate market value of the voting and non-voting common equity
held  by  non-affiliates  computed by reference to the price at which the common
equity  was last sold, or the average bid and asked price of such common equity,
as  of  the  last business day of the registrant's most recently computed second
fiscal  quarter:  $203,833.

     State  the  number of shares outstanding of each of the issuer's classes of
common  equity,  as  of  the latest practicable date: 3,837,136 shares of common
stock,  par  value  $0.0001  per  share,  as  of  April  8,  2011.


                      DOCUMENTS INCORPORATED BY REFERENCE

None.

<PAGE>
                                PART  I.

ITEM  1.  BUSINESS


OVERVIEW.

EARLY  COMPANY  HISTORY

     The  Company has historically been a blank check company.  It was formed in
2005  under the name "JK Acquisition Company" (which was subsequently changed to
"JK  Acquisition  Corp."),  to serve as a vehicle for the acquisition, through a
merger,  capital  stock  exchange,  asset  acquisition or other similar business
combination with a then unidentified operating business.  On April 11, 2006, the
Company  completed its initial public offering (the "IPO") of equity securities,
raising  net  proceeds  of  $76,632,404.  On  September  6,  2006,  the Company,
Multi-Shot,  LLC  ("Multi-Shot")  and  various  other  parties  entered into the
Agreement  and Plan of Merger ("Merger Agreement") and related agreements.  Over
the  course  of  this  transaction,  the  parties twice amended the terms of the
Merger  Agreement  and twice extended the transaction.  On January 31, 2008, the
Company  announced  that  the special meeting of its stockholders to vote on the
proposed  merger with Multi-Shot had been cancelled.  The Company determined and
informed  Multi-Shot that the proposed merger would not receive the votes of its
stockholders required for approval.  The Merger Agreement expired on January 31,
2008,  and  the  proposed merger with Multi-Shot was abandoned. As a result, the
Company's Board of Directors determined it would be in the best interests of the
stockholders to distribute to stockholders holding shares of Common Stock issued
in  the  IPO  all  amounts  held  in  a  trust  fund  (net  of applicable taxes)
established  by  the Company at the consummation of the IPO into which a certain
amount  of  the  net  proceeds  from  the  IPO  had  been  deposited.

     Because  the  Company did not consummate a qualifying business combination,
the  Company's Board of Directors contemplated alternatives for preserving value
for  stockholders.  Ultimately,  the  Board  of  Director  proposed to amend the
Company's  certificate of incorporation to permit the continuance of the Company
as  a  corporation  beyond  the  time  currently  specified  in  the  Company's
certificate  of  incorporation.  The  Company's  stockholders  approved  this
amendment  to  the Company's certificate of incorporation.  After such approval,
the  Board  of  Director  began  seeking a company or companies that the Company
could  acquire  or  with  which  it  could  merge.

CHANGE  IN  CONTROL

     Before  any  acquisition  or  merger of the type described in the preceding
paragraph  occurred, a change in control of the Company occurred on December 31,
2009  when  GGH,  Inc.  (formerly  Golden  Gate  Homes,  Inc.), a privately held
Delaware  corporation  ("GGH"),  acquired  from  James  P.  Wilson  and Keith D.
Spickelmier  1,935,382  and  1,584,923  shares  of  the  Company's common stock,
respectively,  theretofore  owned  by  them  separately,  for  an  aggregate  of
3,520,305  shares  of  common  stock,  representing  approximately  96.5% of the
outstanding shares of the Company's common stock and the controlling interest in
the  Company.  The  purchase  prices  paid for these shares were $171,875 to Mr.
Wilson  and  $140,625  to  Mr. Spickelmier.  Steven Gidumal and Brandon Birtcher
each  own  one-third of GGH, and two trusts of which Tim Wilkens is the trustee,
The  Wilkens  2000  Trust and The Wilkens 2003 Trust (the "Wilkens Trusts"), own
the  remaining one-third of GGH.  Biographical information about Messrs. Gidumal
and  Wilkens  is  set  forth  in  "ITEM  10.  DIRECTORS,  OFFICERS AND CORPORATE
GOVERNANCE"  below.  GGH  purchased the shares to pursue a business plan through
the  Company.  For more information about this business plan, see "The Company's
Business"  below.

<PAGE>
     In  connection  with  the transaction described in the preceding paragraph,
James  P.  Wilson resigned from the Company's Board of Directors on December 31,
2009,  and  Steven  Gidumal  was  elected to the Board to fill the newly created
vacancy,  to serve along with Keith D. Spickelmier, who subsequently resigned as
a director on March 17, 2010, and was replaced by Tim Wilkens.  In addition, all
of  the  Company's then serving officers resigned, and the Company elected a new
slate  of  officers.  For  information  about  these directors and officers, see
"ITEM  10.  DIRECTORS,  EXECUTIVE  OFFICERS  AND  CORPORATE  GOVERNANCE"  below.
Furthermore, the Company changed its corporate name to "Golden Gate Homes, Inc."
and  effected  a 1-for 35 reverse split of the Company's common stock to improve
the  Company's  capital  structure.  See  "ITEM  7.  MANAGEMENT'S DISCUSSION AND
ANALYSIS  OF  FINANCIAL CONDITION AND RESULTS OF OPERATIONS-CHANGES IN FINANCIAL
CONDITION-Liquidity  and  Capital  Resources".

THE  COMPANY'S  BUSINESS

GENERAL

     As  a result of the change in control of the Company, the Company adopted a
significant  change  in  its  corporate  direction.  The  Company's  focus is on
marketing  high-quality,  distressed  residential  properties  in  exclusive  US
markets (with an initial focus on California) to international buyers (primarily
from  China  and  other  parts  of Asia) through exclusive selling agreements or
consignment  arrangements.  In  the  event  that  the  Company  is successful in
completing a major capital raising transaction, it will also consider purchasing
similar  assets  for  resale  to  the  same  target  market.


INDUSTRY  BACKGROUND

     The  Company's  management believes that the recession in the United States
economy that began in December 2007 and ended in June 2009 created opportunities
in  the  current  real  estate  market.  CNNMoney.com  has  reported  that  this
recession,  which  is  frequently  referred  to  as  "the  Great  Recession," is
generally  regarded as "the worst economic downturn since the Great Depression."

     Due  to  the  current  housing  market  and  the  more  restrictive lending
conditions  in  the  country,  the  demand for real estate is, and therefore the
prices real estate command are, currently low relative to recent levels. This is
reflective  in  the  higher  capitalization rates (indicating lower prices) that
real  estate buyers are asking and real estate sellers are willing to accept for
the  sale  of  their  properties.  The  lower  prices,  in  conjunction with the
continuing  low interest rates available in the market, makes this an attractive
period  to  market  U.S. real estate to foreign buyers, either through exclusive
sales  agreements  or  consignment  transactions,  or  if  financing can also be
obtained,  through  acquisition  and  resale  of  properties.

<PAGE>
     With  the  gradual  resurgence  of  the United States economy and easing of
capital  restraints,  the  Company believes that properties acquired during this
period  should  experience  a  natural appreciation in value as demand improves.
The  Company  feels  that the forward looking U.S. stock market and upward price
movements  in some areas of the country indicate the real estate market may have
bottomed  and  a  gradual  climb  into  a stronger market cycle may be expected,
although  there  can  be  no  assurance  of  this.

     The  Company's  management believes that real estate developers, as well as
banks  and  lending institutions, are now reluctant owners and forced sellers of
properties.  Banks  are  facing  situations where state and local approvals have
expired,  documentation  for projects are lost or non-existent, and permits have
expired  or  need to be secured.  According to a March 9, 2011 report by Freddie
Mac's  HomeSteps  real estate sales unit, the inventory of foreclosed REO ("real
estate owned" by banks) town homes and condominiums in California (the Company's
primary  target  areas)  numbers  approximately 72,090 properties, a significant
increase  from  29,346  properties  in  2008.

STRATEGY

     The  Company's  strategy is to distinguish itself and create a unique value
proposition.  Key  components  of  the  Company's  strategy  include:

     *     Use  the  background  of  the Company's management in real estate and
           distressed  situations  to  grow  the  Company's  business  rapidly.
     *     Take  advantage  of  the  significant downturn in the residential
           property markets in  selected  areas  of the United States to capture
           large discounts on properties  to  provide  a  strong value
           proposition to its overseas buyers.  In situations  where the Company
           seeks to control or acquire properties for resale, it  strives to do
           so at significant discounts to appraised value. Where projects or
           specific  properties  have  stalled or become unsellable for various
           reasons related to the  lack or expiration of governmental approvals,
           lack of adequate documentation,  the  bankruptcy  of  the  developer
           or  cross-collateralization problems, or other similar issues, the
           Company's management has ample background to  resolve such complex
           situations and add value for the benefit of all parties involved.
     *     Use  a  rigid  selection  and,  where  applicable,  acquisition
           criteria regarding  properties  to  be  marketed.
     *     Leverage  a proprietary property database to facilitate finding
           properties to  market,  which  includes  many  properties  that are
           not up for public sale.
     *     Establish  a  growing  list  of  sellers  who want to access the
           Company's overseas  distribution  network,  to  facilitate  their
           domestic sales process.
     *     Use a sales and marketing distribution network within China for
           properties marketed and sold through the Company's marketing partner,
           Premier Capital, Ltd. ("Premier Capital"), a real estate brokerage
           firm based in Hong Kong that is one of  the  largest  sellers  of
           international properties in China.  This approach attracts new buyers
           (particularly land-ownership desirous Chinese citizens) for United
           States properties to compensate in part for the lack of buyers
           currently in  the  market  for  these  properties.
     *     Provide property management  expertise to support an expanding number
           of units  sold  or  owned  over  time.
     *     Provide  one-stop acquisition and management services to Chinese and
           other international buyers, including facilitating their access to US
           -Chinese lenders.

<PAGE>
                               Property Selection
                               ------------------

     The  Company's  management makes all decisions in identifying and selecting
prospective target properties.  The Company uses a rigorous selection process to
bring  value  to its buyer-clients.  In searching for and evaluating prospective
target  properties,  the  Company  uses  the  following  practices:

      *     A focus on residential properties, which in many instances may be
            suitable to  being  rented  by  their  overseas  owners  to  third-
            parties;
      *     Identification  of foreclosed and REO properties by working directly
            with banks  and  leading  brokers;
      *     A  focus  on  well-built, new or redeveloped construction near or in
            major cities;
      *     Monitoring of market forecasts to determine which real estate
            markets will recover/appreciate  sooner  while  still  appealing  to
            the  Company's overseas clients;
      *     Evaluation  of  macro  factors  such  as  comparable sales, rental
            demand, interest rates,  location,  occupancy,  county  and regional
            population and job growth  factors;
      *     Pre-approval  of  properties  (where  possible)  by  property
            lenders  so approvals  of  financing  for  buyers  move  more
            quickly;
      *     Confirmation  of  projects'  marketability  with  Premier  Capital;
            and
      *     Use of the Company's ability to close quickly, when appropriate, to
            secure the  lowest  consignment  or  acquisition  price,  as  the
            case  may  be.

<PAGE>
     The Company has established general attributes and criteria for prospective
target  properties.  In  evaluating a prospective target property, the Company's
management  considers,  among  other  factors,  the  following:

      *     The  location,  quality  and perceived desirability and price/value
            of the project;
      *     Management's  understanding  of  re-sale  and  other  conditions  of
            the particular  location  and  market;
      *     Management's  assessment of the attractiveness of the timing of  the
            consignment  or  acquisition;
      *     Management's assessment of the financial attractiveness of a
            particular  target  relative  to  other available targets, and its
            potential for upside  appreciation  and  return  on  investment;
      *     For  potential acquisition targets, capital requirements and
            management's  assessment  of  the  ability  to  finance a particular
            target;
      *     Macro-economic  trends;
      *     Environmental  risks;
      *     Physical  condition  of  the  target;
      *     Management's assessment of the ability to manage a particular target
            and, for potential acquisitions, its ability to redevelop and
            improve the target;  and
      *     The  overall  profit  expectation and the return on capital
            expectation of the  project  or  target.

When  considering  commercial properties in the future, the Company's management
will  also  consider  the  following:

     *      Occupancy  in  the  target  vs.  surrounding  market;
     *      Building  design  obsolescence;
     *      Job  growth  forecasts;
     *      Tenant  profile;  and
     *      Lease  rollover  and  potential  for  rent  appreciation.

     These  criteria  are not intended to be exhaustive. Any evaluation relating
to the merits of a particular property will be based, to the extent relevant, on
the  above  factors  as  well  as  other considerations believed relevant by the
Company's  management  in  effecting  a  consignment  transaction or acquisition
consistent  with  the  Company's business objective. In evaluating a prospective
target, the Company conducts an extensive due diligence review that encompasses,
among  other  things, physical inspection of the property or assets, a review of
environmental,  zoning,  permitted  use  and  title  issues, and a review of all
relevant  financial and other information that is made available to the Company.
This  due diligence review is conducted either by the Company's management or by
unaffiliated  third  parties  the  Company  may  engage.

     To  the  extent the Company acquires financially poor assets or properties,
the  Company  may  be  affected  by  numerous risks inherent in the business and
operations of such properties or assets.  Although the Company's management will
endeavor  to  evaluate  the risks inherent in a particular property acquisition,
the Company can make no assurances that it will properly ascertain or assess all
significant  risk  factors.

<PAGE>
MARKETING

     As a communist (i.e., "communal") country, all land in China is property of
the  State.  Home  residents lease their homes under land leases, but no Chinese
citizen  ''owns''  the  land  under  his  or  her  home.  Among  the  expanding
upper-middle  and  wealthy  classes  in  China, overseas home ownership had been
unattainable under prior Chinese law, but that has changed in recent years.  The
government is now allowing its citizens to invest overseas, including purchasing
overseas  residential  properties.  Executives  of more than 100,000 state-owned
enterprises  are  being  encouraged  to  travel  internationally to invest their
capital.  Previously,  travel  visas  were unattainable.  Despite the changes in
Chinese  law  to  encourage  overseas  investment,  to  the best of management's
knowledge,  no  other  supplier of U.S. residential properties has stepped in to
fill  this  need.  The  Company  introduces  Chinese  buyers to U.S. residential
properties where they currently have no access.  The Company provides "one-stop"
shopping  to  the  "retail"  buyer  that  wants  to  own  one or more California
properties.  The  Company, as an assistance to its overseas buyers: (i) performs
the  property due diligence, (ii) assists in arranging the bank financing, (iii)
manages, through independent third parties, the buyer's property (finds tenants,
collects  rents,  pays bills from owner account, etc.), and (iv) sends quarterly
statements  to  the  property  buyer/owner.

     The  Company  markets properties to residents of five leading Asian cities:
Hong  Kong,  Shanghai,  Beijing,  Guangzhou  and  Shenzhen,  which  have a total
population  of  almost  60  million  people.  The  table  below  sets  forth the
respective  populations  of  these  five  cities.

                POPULATIONS OF THE FIVE LEADING CITIES OF CHINA


                      City                    Population
                      ----                    ----------
                     Shanghai                 18,900,000
                     Beijing                  17,400,000
                     Shenzhen                  8,600,000
                     Guangzhou                 7,700,000
                     Hong Kong                 7,000,000

          The  table  set  forth  after  this  paragraph reflects the comparable
affordability of a California home to a Chinese citizen.  The column "Yuan Index
to Buy Home" compares the purchase price that a Chinese national would have been
required  to  pay in 2005, the base year, for the average California home (based
on  the  then average price of such home and the then dollar/yuan exchange rate)
compared  to what the Chinese citizen would have been required to pay in each of
the  years  listed in the table on a 100-point scale.  The table reveals that by
2010,  Chinese  citizens would have been required to pay only 39.3% of the price
they  would  have  been required to spend in order to buy the average California
home  in  2005.  Management believes that this development greatly increases the
attractiveness  of  California  properties  to  Chinese  citizens.


<PAGE>

               Affordability of California Home in Chinese Yuan

      Year      Avg. CA         Yuan /          Avg. CA        Yuan Index to
              Home Price($)(3)  1US$(2)     Home Price(Yuan)     Buy Home
      ----    -------------     ----        ----------------     --------

      2010*     $252,000         6.75           1,701,000          39.3
      2009      $248,000         6.83           1,693,840          39.1
      2008      $346,400         6.85           2,372,840          54.8
      2007      $560,300         7.62           4,269,486          98.6
      2006      $556,400         7.99           4,445,636         102.7
      2005      $522,700         8.28           4,327,956         100.0
      2004      $450,800         8.28           3,732,624          86.2

*     Forecast from the California Realtors website

     Index uses 2005 as the base year = 100.  Note 2005 was the last year before
the Yuan began to float.
     Exchange rate as of June of each year, per Bloomberg.
     Avg. CA Home Price from "California Realtors"' website



STRATEGIC  PARTNER  AND  EXCLUSIVE  MARKETING  AGREEMENT

     The  Company has entered into an exclusive marketing agreement with Premier
Capital,  which  management  believes  is  critical  to  the  Company's success.
Premier  Capital  was  founded  in  Hong Kong in 1988 and expanded into China in
1997.  It  has  Chinese  offices  in Hong Kong, Beijing, Shanghai, Guangzhou and
Shenzhen,  the  five  Asian  cities  in  which  the  Company markets properties.
Premier  Capital  also  has  offices  in  Australia,  Singapore and New Zealand.

     Under  the  exclusive  marketing  agreement,  the Company appointed Premier
Capital  as  the  Company's exclusive agent for purposes of marketing properties
optioned  or purchased by the Company and approved by Premier Capital ("Approved
Properties") in Hong Kong and mainland China.  Premier Capital has agreed not to
list, market or sell any properties in California, Nevada, Arizona or Washington
without  the  Company's  approval.  The  Company  pays  the bulk of the expenses
arising in connection with the marketing of Approved Properties in Hong Kong and
China,  although  Premier Capital bears some of these expenses as well.  For its
services,  Premier  Capital  is  paid  a  customary  brokerage  fee for Approved
Properties  sold  in Hong Kong and China.  The agreement is for a four-year term
ending  in  the  middle  of  October 2014 and will renew for additional one-year
terms  so long as the Company provides at least 100 Approved Properties per year
pursuant  to  the  agreement.  The agreement is the result of a 20-year personal
relationship  between  Tim  Wilkens,  the Company's Chief Executive Officer, and
Philip  Leung,  the owner of Premier Capital.  Management believes that, so long
as  the  Company performs satisfactorily under the agreement, the agreement will
be  renewed.  However,  if  the  agreement were to terminate for any reason, the
Company  would  be  forced  to  find  an  alternative  third party to market the
Company's  properties  in  China  and  other  parts of Asia.  The Company has no
assurance  that  it  would  be  able to find such an alternative third party, in
which case the Company's business, prospects, financial condition and results of
operations  would  most  likely  be  materially  and  adversely  affected.

<PAGE>

OPERATIONS

GENERAL
-------

     The  Company  primarily  markets  high-quality,  distressed  residential
properties  in  exclusive  US  markets  (with an initial focus on California) to
international  buyers  (primarily  from  China  and other parts of Asia) through
exclusive  selling agreements or consignment arrangements. In the event that the
Company  is successful in completing a capital raising transaction, it will also
consider  purchasing  similar  assets  for  resale  to  the  same target market.

INITIAL  ACTIVITIES
-------------------

     The  Company commenced its initial plan of operation in the spring of 2010.
In April 2010, the Company entered into two option agreements with a real estate
developer of two housing developments in Northern California, which provided the
Company  the  exclusive  rights to sell an aggregate of 20 homes.  In June 2010,
the  Company  entered into an option agreement with a real estate developer of a
condominium  project  in  downtown  Los  Angeles, California, which provided the
Company  the  exclusive  rights  to  sell  25  condominium  units.  The  Company
continues  to  retain  under  contract the exclusive right to sell a total of 21
units  in  the  three  projects,  adjusted  for closings and cancellations.  The
Company marketed these properties to Chinese buyers in the five cities listed in
the  table  above in two separate trips to China, during which executives of the
Company  issued  press  releases,  were  interviewed  by  leading  Chinese  news
agencies,  and  held  exhibitions  with  Premier  Capital  to  present  detailed
information  regarding  the  consigned  properties  directly  to  prospective
purchasers.  To  date,  the  Company  has  entered  into 25 sales contracts with
purchasers  and  has  received  a like number of deposits, but had only closed 3
sales  by  the  end  of the first quarter of fiscal 2011.  The delays in closing
these  contracts  are  due  to  the delays in arranging financing.  See "ITEM 7.
MANAGEMENTS'  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION AND RESULTS OF
OPERATIONS-CHANGES  IN  FINANCIAL  CONDITION-Liquidity  and  Capital Resources".

     The  Company's  business objectives are to establish a meaningful number of
sales  of  residential  properties to international buyers (primarily from China
and  other  parts  of  Asia) by obtaining exclusive rights to sell specific U.S.
properties (with an initial focus on California).  These selling rights may come
in  the form of exclusive selling agreements or consignment agreements.  The use
of  each  of  these various selling strategies will depend on the willingness of
sellers  to  engage  with  the  Company on the exclusive sale of properties, the
Company's ability to complete such sales to its international buyer client base,
and  the access and availability of capital to the Company.  Management believes
that  an  adequate  number  of properties are available to be marketed overseas,
such that this will not be a limiting factor.  However, at the present time, the
Company  does  not  have  any  new  properties  under contract to market, as the
Company's  focus  in  the  last  several  months  has  been  to assist buyers in
obtaining  financing to allow them to close the sales of the properties that are
currently  under  sales  contracts.  See "ITEM 1A. RISK FACTORS -- WE MAY NOT BE
ABLE  TO  ARRANGE  FINANCING  FOR  OUR  OVERSEAS  BUYERS."


<PAGE>
EMPLOYEES.

     The  Company  currently  has  three  part-time  employees.

ITEM  1A.  RISK  FACTORS.

     Statements  in  this  Annual  Report  under  the  captions  "BUSINESS"  and
"MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL CONDITION AND RESULTS OF
OPERATIONS",  as  well  as  oral  statements  that  may  be made by us or by our
officers,  directors  or employees acting on our behalf, that are not historical
fact  constitute  "forward-looking statements" within the meaning of the Private
Securities  Litigation  Reform  Act  of  1995.  Such  forward-looking statements
involve  known  and  unknown  risks,  uncertainties and other factors that could
cause  our actual results to be materially different from the historical results
or  from  any  results  expressed or implied by such forward-looking statements.
Such  factors include, but are not limited to, the risk factors set forth below.
We  do  not intend to update any forward-looking statements to reflect events or
circumstances  after the date of such statements or to reflect the occurrence of
anticipated  or  unanticipated  events.

OUR EXTREMELY LIMITED HISTORY MAKES AN EVALUATION OF US AND OUR FUTURE EXTREMELY
DIFFICULT,  AND  PROFITS  ARE  NOT  ASSURED.

     The  Company has historically been a blank check company.  It was formed in
2005  to serve as a vehicle for the acquisition, through a merger, capital stock
exchange,  asset  acquisition  or other similar business combination with a then
unidentified operating business.   As described in "ITEM 1. BUSINESS--OVERVIEW--
Early  Company  History",  on  September  6,  2006,  the Company, Multi-Shot and
various  other parties entered into the Merger Agreement and related agreements.
Over  the course of this transaction, the parties twice amended the terms of the
Merger  Agreement  and twice extended the transaction.  On January 31, 2008, the
Company  announced  that  the special meeting of its stockholders to vote on the
proposed  merger  with  Multi-Shot  had  been  cancelled  because  the  Company
determined  that  the  proposed  merger  would  not  receive  the  votes  of its
stockholders required for approval.  The Merger Agreement expired on January 31,
2008,  and  the  proposed  merger  with  Multi-Shot  was  abandoned.

<PAGE>
     Because  the  Company did not consummate a qualifying business combination,
the Company's Board of Directors contemplated alternatives for preserving value
for  stockholders.  Before any such action was taken, a change of control of the
Company  occurred  on December 31, 2009 when GGH acquired from the Company's two
largest  stockholders  shares  of  the  Company's  common  stock  representing
approximately  96.5%  of  the  outstanding  shares  of  the  common  stock.  GGH
purchased  the  shares to pursue the Company's business plan to sell residential
real  estate  in  the  United  States  (initially  primarily  in  California) to
international  home  buyers  (residing  initially  in  China).  See  "ITEM  1.
BUSINESS--OVERVIEW--  Change in Control".  This past year, we entered into three
option  agreements  to  acquire  residential  properties  for  sale  through our
distribution  partner  in  China,  and  closed  the  sale  of  two  residential
properties.  See  "ITEM  7.  MANAGEMENT'S  DISCUSSION  AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS -- RESULTS OF OPERATIONS."  Additionally, we
have  closed  the  sale  of  another  one  residential property during the first
quarter of fiscal 2011, and there are an additional 8 sales that are expected to
close in the next 45 days.  However, to date, we have established a very limited
track  record  of  selling United States properties internationally.  In view of
our  extremely  limited operating history, you may have difficulty in evaluating
us and our business and prospects.  You must consider our business and prospects
in  light  of  the  risks,  expenses  and difficulties frequently encountered by
companies  in  their  early  stage  of  development.


WE  HAVE  CERTAIN  CAPITAL NEEDS, AND THE PROCUREMENT OF FINANCING TO MEET THESE
NEEDS  IS  UNCERTAIN.

     We currently have not generated much revenue.  Moreover, the Company's cash
position  as  of  December  31,  2010  is  $1,913.  The  Company has outstanding
payables  and  other  current  liabilities  of $161,811 as of December 31, 2010.
Because  of  the Company's current cash position versus its outstanding payables
and accruals, there is substantial doubt about the Company's ability to continue
as  a  going  concern.  During the first quarter of fiscal 2011, the Company has
closed  an  additional  one  sale,  and  has  increased  its  available  cash to
approximately  $6,000,  and  decreased its outstanding payables by approximately
$60,000,  of  which approximately $31,000 was through issuances of the Company's
common  stock. The future of the Company is dependent upon the Company's ability
to consummate sales of properties, the development of new business opportunities
and  our  ability to raise new capital.  We have reduced our monthly expenses by
shrinking  our  work  force,  ending our payment for office rent and eliminating
duplicative  expenses.  We plan to finance our operations for the next 12 months
through  cash  flow  from property sales, private placements of debt and equity,
possible  bank borrowings and possible joint venture arrangements.  In addition,
we are currently looking for a source of bank financing to provide financing for
our  international  clients to allow them to complete their residential property
acquisitions.  However,  there  can  be  no  assurance  that we will find such a
mortgage  lending  source.  See  "RISK  FACTORS -- WE MAY NOT BE ABLE TO ARRANGE
FINANCING  FOR  OUR  OVERSEAS BUYERS" below.  If our revenues do not materialize
for whatever reason, we may have limited ability to expend the capital necessary
to  undertake or complete consignment or acquisition programs, and may be forced
to  cease  operations.

<PAGE>
     OUR  OFFICERS  AND  DIRECTORS WILL ALLOCATE THEIR TIME TO OTHER BUSINESSES,
THEREBY CAUSING CONFLICTS OF INTEREST IN THEIR DETERMINATION AS TO HOW MUCH TIME
TO  DEVOTE  TO OUR AFFAIRS, WHICH COULD HAVE A NEGATIVE IMPACT ON OUR ABILITY TO
GROW  OUR  BUSINESS.

     Our  officers  and  directors are not required to commit their full time to
our affairs, which may result in a conflict of interest in allocating their time
between  our  operations and other businesses. This could have a negative effect
on  our  ability  to  grow  our business. We do not currently have any full-time
employees.  All  of our executive officers are engaged in several other business
endeavors  and  are  not obligated to contribute any specific number of hours to
our  affairs,  although  we  expect  Messrs.  Gidumal  and  Wilkens  to  devote
substantial  time to our business during the process of conducting due diligence
and  marketing  properties  for  developments for which we have signed option or
consignment agreements.  If our executive officers' or directors' other business
affairs require them to devote more substantial amounts of time to such affairs,
it  could  limit  their  ability  to devote time to our affairs and could have a
negative  impact on our ability to grow our business.  We cannot assure you that
these  conflicts  will  be  resolved  in  our  favor.

     WE  MAY  NOT  BE  ABLE  TO  ARRANGE  FINANCING  FOR  OUR  OVERSEAS  BUYERS.

     We  market  our  homes  to  buyers who expect the Company to assist them in
securing  a  mortgage  for their purchase.  Our buyers typically put between 30%
and  48%  of  the  purchase  price  down  in cash, a high percentage relative to
current and historical averages in the U.S., which we believe makes these buyers
attractive  to mortgage lenders.  However, we do not yet have a program in place
with  a lending partner that assures a steady supply of mortgage capital for our
buyers.  Therefore,  our  buyers  may  meet with delays in securing mortgages as
information  requirements  vary  from  lender  to lender, which may result in an
increase in costs and fees to both the buyer and the Company, and which may also
ultimately  result in a loss of sales for the Company.  We believe we can secure
such  a  relationship  with a lending partner, but there is no assurance that we
will  be  able  to  do  so.

     WE DEPEND ON CERTAIN KEY PERSONNEL.

     We  substantially  depend  upon the efforts and skills of Steven Gidumal, a
director  and  the  Chairman and Chief Financial Officer of the Company, and Tim
Wilkens, a director and the Chief Executive Officer of the Company.  The loss of
Mr.  Gidumal's or Mr. Wilkens' services, or their inability to devote sufficient
attention  to  our  operations,  could  materially  and  adversely  affect  our
operations.  We  currently do not maintain key man life insurance on Mr. Gidumal
or  Mr.  Wilkens.

<PAGE>
     OUR  CURRENT MANAGEMENT RESOURCES MAY NOT BE SUFFICIENT FOR THE FUTURE, AND
WE  HAVE  NO  ASSURANCE  THAT  WE  CAN  ATTRACT  ADDITIONAL QUALIFIED PERSONNEL.

     There  can  be  no  assurance  that  the  current  level  of  management is
sufficient  to  perform  all  responsibilities  necessary  or  beneficial  for
management to perform.  Our success in attracting additional qualified personnel
will  depend  on  many  factors,  including  our  ability  to  provide them with
competitive  compensation arrangements, equity participation and other benefits.
There  is  no assurance that (if we need to) we will be successful in attracting
highly  qualified  individuals  in  key  management  positions.

     LIMITATIONS  ON  CLAIMS  AGAINST  OUR  OFFICERS  AND  DIRECTORS,  AND  OUR
OBLIGATION  TO  INDEMNIFY  THEM, COULD PREVENT OUR RECOVERY FOR LOSSES CAUSED BY
THEM.

     The  corporation law of Delaware allows a Delaware corporation to limit the
liability  of its directors to the corporation and its stockholders to a certain
extent,  and  our  Third  Amended  and Restated Certificate of Incorporation has
eliminated  our  directors'  liability  to  the  maximum extent permitted by the
corporation  law  of  Delaware.  Moreover,  our  Bylaws  provide  that  we  must
indemnify  each  director,  officer, agent and/or employee to the maximum extent
provided  for  by the corporation law of Delaware.  Further, we may purchase and
maintain  insurance  on  behalf  of  any such persons whether or not we have the
power  to  indemnify  such  person  against  the  liability  insured  against.
Consequently, because of the actions or omissions of officers, directors, agents
and  employees,  we  could  incur  substantial  losses  and  be  prevented  from
recovering  such  losses  from  such persons.  Further, the Commission maintains
that indemnification for liabilities arising under the Securities Act is against
the  public  policy  expressed  in  the  Securities  Act,  and  is  therefore
unenforceable.

            MANAGEMENT  OWNS  A CONTROLLING PERCENTAGE OF OUR OUTSTANDING STOCK,
AND  CUMULATIVE  VOTING  IS  NOT  AVAILABLE  TO  STOCKHOLDERS.

     Our  current management, Steven Gidumal and Tim Wilkens (through two family
trusts  he  controls),  together  with a third party, currently own (directly or
indirectly)  approximately  91.7% of our outstanding common stock (considered on
an undiluted basis) through their ownership of all of the shares of common stock
of GGH.  Although Section 214 of the Delaware General Corporation Law allows for
cumulative  voting  if a corporation's certificate of incorporation specifically
provides  for  it,  the  Company's  Third  Amended  and  Restated Certificate of
Incorporation  has  no provision for cumulative voting.  Accordingly, the holder
or holders of a majority of our outstanding shares of common stock may elect all
of  our  directors.  Management's  large percentage ownership of our outstanding
common  stock  helps  enable  them  to maintain their positions as such and thus
control  of  our  business  and  affairs.

<PAGE>
     REAL ESTATE PRICES CAN BE VOLATILE, WHICH MAY AFFECT OUR ABILITY TO ATTRACT
BUYERS  AT  THE  PRICES  WE  NEED  TO  MAKE  A  PROFIT.

     Our revenues, profitability and future growth and the carrying value of our
properties  will  depend  substantially on the prices we realize for the sale of
our  consigned and owned units.  Our realized prices will also affect the amount
of cash flow available for subsequent acquisitions and our ability to borrow and
raise additional capital.  Residential homes are currently in surplus supply and
their  prices  are  subject  to fluctuation in response to changes in supply and
demand.  Historically,  the  markets for California residential real estate have
shown  consistent  growth  although  the  State  went  through a period of price
deflation  in  the 1993 - 1995 timeframe, and the California market is likely to
continue  to be volatile for the immediate future.  Despite the historically low
current  prices for California residential properties, there can be no assurance
that  even lower prices will not be experienced in the future.  Residential real
estate  price  movements  cannot  be predicted with certainty.  A substantial or
extended  decline  in  California  residential  home  prices  may materially and
adversely  affect  our  future  business,  financial  condition,  results  of
operations,  liquidity  and  ability  to  finance  property  acquisitions.

     THE  SUCCESS  OF  OUR BUSINESS DEPENDS ON OUR ABILITY TO SELECT RESIDENTIAL
PROJECTS  THAT  ULTIMATELY  PROVE  SUCCESSFUL  ECONOMICALLY.

     The  economic  success  of  any project will depend on a number of factors,
including  our  ability  to  discern  and  estimate  the quantity of residential
projects  we  can  sell  at  a price sufficient to make a profit after corporate
overhead  and any financing carrying costs.  All of these factors affect whether
or  not  a  project  will ultimately generate cash flows sufficient to provide a
suitable return on investment.  Our assessments and estimations of these factors
(which  are inherently inexact and uncertain) may prove inaccurate.  Although we
have  criterion  for  selecting  the residential projects that we will decide to
pursue,  we  might  stray  from  it.  Accordingly,  we  will  have  significant
flexibility  in selecting such projects.  There can be no assurance that we will
be able to identify economically successful residential projects or that we will
be  able  to pursue these projects successfully even if identified.  Our failure
to  select  economically  successful  residential  projects  will materially and
adversely  affect  our  business, results of operations and financial condition.
We  will  be  constantly  challenged  to  add  new  projects  through  further
consignments  or  further  acquisitions  of  new  properties.  There  can  be no
assurance  that  our  acquisition  efforts  will  be  successful  in  adding new
profitable  projects.  If we fail to identify new projects, our future revenues,
profitability  and  cash  flows  will  be  adversely  impacted.

<PAGE>
     WE  ARE CURRENTLY FOCUSING OUR PROPERTY CONSIGNMENT AND ACQUISITION EFFORTS
IN  ONLY  ONE GEOGRAPHICAL AREA, AND OUR CURRENT LACK OF GREATER DIVERSIFICATION
ENTAILS  RISK.

     Currently,  all  of our potential consignment and acquisition contracts are
in  the State of California, although we may in the future explore properties in
Nevada,  Washington, Arizona and Florida.  To our foreign clients, California is
generally  considered  a  desirable,  travel-accessible  destination.  At  the
present,  our  success  depends  entirely  upon our ability to locate and secure
properties  on a profitable basis in California.  There can be no assurance that
we  will be able to do this, and that we will not encounter one or more problems
arising from the particular legal, economic, environmental and market conditions
of  California.  Our  current lack of diversification beyond California may make
our results of operations more volatile than they would be if we were seeking to
sell  residential  properties  in  more  than  one  area.


     OUR INABILITY TO PROCURE ADEQUATE INSURANCE COVERAGE FOR CERTAIN OCCURANCES
COULD  ADVERSELY  AFFECT  OUR  BUSINESS.

     Presently, as we close on projects under contract, we may elect to purchase
insurance  coverage.  However,  we  may  choose not to obtain insurance for some
risks if we believe the cost of available insurance is excessive relative to the
risks  presented.  In  addition, some risks may either not be fully insurable or
not  insurable at all.  Even if we broaden our insurance coverage, our insurance
would probably not cover all potential claims or may not adequately indemnify us
for  all  liability to which we will be exposed.  Any liability or legal defense
expenses  not  covered  by  insurance  or exceeding our insurance coverage could
materially  and  adversely  affect our business, operating results and financial
condition.  Moreover, we do not currently carry business interruption insurance.

     WE  RELY  ON  A  NUMBER OF THIRD PARTIES, AND SUCH RELIANCE EXPOSES US TO A
NUMBER  OF  RISKS.

     Our  operations  depend  on  a  number  of  third parties.  We have limited
control  over these third parties.  We rely on Premier Capital, an international
seller  of  real  estate  properties  that was founded in 1988 and expanded into
China in 1997.  We believe that Premier Capital is one of the leading sellers of
international  properties  to  Chinese citizens.  We rely upon Premier Capital's
ability  to bring potential buyers to presentations of the Company's real estate
in  the  five  leading  cities  of  China  and  to  follow  up on all leads with
prospective Chinese buyers.  The Company has an exclusive agreement with Premier
Capital through the middle of October 2014, which limits Premier Capital to sell
exclusively  the Company's properties located in California, Nevada, Arizona and
Washington  within  China,  and  the agreement automatically renews for one-year
terms  upon  the  satisfaction  of  certain conditions.  See "ITEM 1. BUSINESS -
OVERVIEW--  The  Company's  Business - Strategic Partner and Exclusive Marketing
Agreement".  We  also  rely  upon  the  services  of  California-based  and
international  banks  to provide mortgage financing to our international buyers.
In  addition,  we  rely  upon  our  acquisition  team  to  identify  promising
consignment,  auction  and acquisition properties suitable for our international
clientele.  Overall,  our  inability to maintain satisfactory relationships with
the  requisite  third  parties on acceptable commercial terms, or the failure of
such  third  parties  to  maintain  the  quality  of  services they provide at a
satisfactory  standard,  could materially adversely affect our business, results
of  operations  and  financial  condition.

<PAGE>
     THE  UNAVAILABILITY OR HIGH COST OF CONSIGNMENT PROPERTIES COULD MATERIALLY
ADVERSELY  AFFECT  US.

     Either  shortages  or increases in the cost of consignment properties could
delay  or  adversely  affect  our  operations,  which could materially adversely
affect our business, financial condition and results of operations.  These costs
may  increase further, and necessary consignment properties may not be available
to  us  at  economical  prices.

     WE  ARE  SUBJECT  TO  COMPLEX LAWS AND REGULATIONS, INCLUDING ENVIRONMENTAL
REGULATIONS, WHICH CAN ADVERSELY AFFECT THE COST, MANNER OR FEASIBILITY OF DOING
BUSINESS.

     Acquiring,  completing,  renovating  and selling residential properties are
subject  to  extensive  laws  and  regulations, including environmental laws and
regulations.  We  may  be  required  to  make  large expenditures to comply with
environmental  and  other  governmental  regulations.  Under  these  laws  and
regulations,  we  could  be  liable  for  personal  injuries,  property  damage,
remediation  and  clean-up  costs  and  other  environmental damages. Failure to
comply  with  these  laws  and  regulations also may result in the suspension or
termination  of  our  operations  and  subject  us  to administrative, civil and
criminal  penalties.  Moreover,  these laws and regulations could change in ways
that  substantially  increase  our costs. Accordingly, any of these liabilities,
penalties,  suspensions,  terminations  or  regulatory  changes could materially
adversely  affect  our  financial  condition  and  results  of  operations.

     CHANGES  IN  FOREGN  CURRENCY  EXCHANGE  RATES  AND  INTEREST  RATES  COULD
ADVERSELY  AFFECT  OUR  BUSINESS.

     As  a  company  that focuses on marketing real estate located in the United
States  to  foreign buyers, we are exposed to certain market risks, specifically
with  regard to foreign currency exchange risks (and initially in particular the
dollar/yuan  exchange  rate)  and  interest  rates.  While  we  monitor  these
exposures,  we  currently  have no plan to manage these risks through hedging or
other  derivatives  transactions.  As  a  result, unfavorable changes in foreign
currency exchange rates and interest rates could affect the affordability of our
properties to prospective foreign buyers, which could have a substantial adverse
effect  on  our  financial  condition  and  results  of  operations.

     OUR  COMPETITORS MAY HAVE GREATER RESOURCES, WHICH COULD ENABLE THEM TO PAY
A  HIGHER  PRICE  FOR  PROPERTIES  AND TO BETTER WITHSTAND PERIODS OF LOW MARKET
PRICES  FOR  RESIDENTIAL  PROPERTIES.

     The  residential  real  estate  industry  is  intensely competitive, and we
compete with other companies that have substantially larger financial resources,
operations,  staffs  and  facilities.  Many of these companies not only develop,
purchase  and  sell  residential  properties  but  also  carry  on  construction
operations and market properties on a regional or national basis. Such companies
may be able to pay more for residential properties or develop, evaluate, bid for
and  purchase a greater number of properties and prospects than our financial or
human  resources  permit. In addition, such companies may have a greater ability
to continue acquisition activities during periods of low home market prices. Our
ability  to  enter into consignment transactions to market additional properties
and  to sell them profitability in the future will be dependent upon our ability
to  evaluate  and select suitable properties and to consummate transactions in a
highly  competitive  environment.

<PAGE>
     OUR  AUTHORIZED  PREFERRED  STOCK  EXPOSES  HOLDERS  OF OUR COMMON STOCK TO
CERTAIN  RISKS.

     Our  Third Amended and Restated Certificate of Incorporation authorizes the
issuance  of  up  to  1,000,000 shares of preferred stock, par value $0.0001 per
share.  The authorized but unissued preferred stock constitutes what is commonly
referred  to as "blank check" preferred stock.  This type of preferred stock may
be  issued  by  the  Board  of  Directors  from  time  to  time on any number of
occasions,  without  stockholder  approval,  as  one  or more separate series of
shares  comprised  of  any  number  of  the  authorized  but  unissued shares of
preferred  stock, designated by resolution of the Board of Directors stating the
name  and  number of shares of each series and setting forth separately for such
series  the  relative  rights, privileges and preferences thereof, including, if
any,  the:  (i)  rate  of  dividends  payable  thereon;  (ii)  price,  terms and
conditions  of  redemption;  (iii)  voluntary  and  involuntary  liquidation
preferences; (iv) provisions of a sinking fund for redemption or repurchase; (v)
terms of conversion to common stock, including conversion price, and (vi) voting
rights.  Such  preferred stock may provide our Board of Directors the ability to
hinder or discourage any attempt to gain control of us by a merger, tender offer
at  a  control  premium  price,  proxy  contest or otherwise.  Consequently, the
preferred  stock  could  entrench  our  management.  Currently,  no  shares  of
preferred  stock  had been issued, nor is there any intention to issue preferred
shares  at  this  time.

     OUR  COMMON  STOCK  HAS  EXPERIENCED  ONLY  LIMITED  TRADING.

     Our  Common  Stock  is  quoted  and traded in limited quantities on the OTC
Electronic  Bulletin  Board  in  the  United  States under the symbol "GNGT.OB".
Until  shares  of  our common stock become more broadly held and orderly markets
develop  and  even  thereafter,  the  prices  of  our common stock may fluctuate
significantly.

ITEM  1B.  UNRESOLVED  STAFF  COMMENTS.

     We  have  received  no  written  comments regarding our periodic or current
reports  from  the staff of the Securities Exchanged Commission that were issued
180  days  or  more  preceding  the  end of our 2007 fiscal year and that remain
unresolved.

ITEM  2.  PROPERTIES.

     We  maintain our executive offices at 14 Wall Street, 20th Floor, New York,
New  York  10005. Our mailing address is Golden Gate Homes, Inc., P.O. Box 2490,
Napa,  California  94510.

<PAGE>
ITEM  3.  LEGAL  PROCEEDINGS.

     To  the  knowledge  of management, there is no litigation or administrative
proceeding  currently  pending or contemplated against us or any of our officers
or  directors  in  their  capacity  as  such.

                                  PART  II.

ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND
ISSUER  PURCHASES  OF  EQUITY  SECURITIES.

     The  shares  of the Company's common stock are currently quoted on the Over
the  Counter  Bulletin Board under the symbol GNGT.OB. Until April 12, 2010, the
Company's  warrants and units were quoted on the Over the Counter Bulletin Board
under  the symbols GNGTW.OB and GNGTU.OB, respectively. Each unit of the Company
consisted  of  one share of Company common stock and two redeemable common stock
purchase warrants. The Company warrants became separable from the Company common
stock  on  May  11,  2006.  The  warrants  entitled holders to purchase from the
Company  shares  of  common  stock  at a full share equivalent price of $525 per
share  (after giving effect to the 1-for-35 reverse stock split), commencing the
later of the completion of a business combination or April 11, 2007. The Company
warrants  expired  by their terms at 5:00 p.m., New York City time, on April 10,
2010,  or  earlier  upon  redemption.  However,  because  April  10,  2010 was a
Saturday,  the Company determined that it would allow holders of the warrants to
exercise  the warrants until 5:00 p.m., New York City time, on Monday, April 12,
2010.  Prior  to  April 11, 2006, there was no established public trading market
for  our  common  stock.

          The  Company  does  not  currently  have any authorized or outstanding
equity  compensation  plans.

     The  following  table  sets  forth, for the calendar quarter indicated, the
quarterly  high  and low sales prices of our common stock, warrants and units as
reported on the Over the Counter Bulletin Board for the years ended December 31,
2010  and  2009,  and  gives  effect  to  the  1-for-35  reverse  stock  split.

                   Common  Stock         Warrants                 Units
Quarter  Ended      High    Low         High    Low            High       Low

March  31,  2010    $0.75   $0.20       n/a      n/a.            n/a       n/a
June  30,  2010     $1.05   $0.35       n/a      n/a             n/a       n/a
September 30, 2010  $1.70   $0.25       n/a      n/a             n/a       n/a
December 31,  2010  $0.75   $0.20       n/a      n/a             n/a       n/a

                   Common  Sock         Warrants                 Units
Quarter  Ended      High    Low         High    Low           High        Low

March  31,  2009   $1.05   $0.735    $0.0035  $0.0035          $0.385    $0.385
June  30,  2009    $0.1155 $0.0875     n/a       n/a           $0.385    $0.385
September 30, 2009 $1.715  $0.14     $0.0035  $0.0035          $0.385    $0.385
December 31, 2009  $1.435  $0.1925   $0.0035  $0.0035          $0.455    $0.455

Source:  Bloomberg  historical  pricing.  Gives effect to 1-for-35 reverse stock
split.
<PAGE>

HOLDERS

     As  of December 31, 2010, there were approximately six holders of record of
our  common  stock.  It  is  likely that the actual number of beneficial holders
exceeds  this  amount.

DIVIDENDS

     We  have not paid any dividends on our common stock to date. The payment of
dividends  in  the  future  will be contingent upon our revenue and earnings, if
any,  capital  requirements  and general financial condition. The payment of any
dividends  will  be  within  the discretion of our then Board. It is the present
intention  of  our Board to retain all earnings, if any, for use in our business
operations  and,  accordingly,  our  Board  does  not  anticipate  declaring any
dividends  in  the  foreseeable  future.

RECENT  SALES  OF  UNREGISTERED  SECURITIES

     During  the  past three years, we sold the following shares of common stock
without  registration  under  the  Securities  Act:

     On  December  21,  2009,  the  Company  issued James P. Wilson and Keith D.
Spickelmier,  former  officers  and  directors  of  the  Company,  1,920,165 and
1,571,044  shares  of  common  stock,  respectively,  pursuant  to conversion of
convertible  promissory  notes (the "Promissory Notes") in the principal amounts
of  $510,500.10  with  respect to Mr. Wilson and $417,681.90 with respect to Mr.
Spickelmier.  The  conversion  price  was  $0.008  per  share  of  common stock.

     On June 30, 2010, the Company issued 45,606 shares of common stock to Basil
N.  Argerson,  Senior  Vice  President of the Company, for $20,795 in cash, at a
purchase  price  of $0.456 per share, and 38,379 shares of common stock to Keith
D.  Spickelmier,  a  former  officer and director of the Company, for $17,500 in
cash,  at  a  purchase  price of $0.456 per share. On July 31, 2010, the Company
issued  15,000  shares  of  common  stock  to  a  consultant  of  the Company as
compensation  for  services rendered. On August 9, 2010, the Company also issued
7,692  shares  of  common  stock to another individual for $10,000 in cash, at a
purchase  price  of  $1.30  per  share.

     Such  shares  are exempt from registration under regulations promulgated by
the SEC under Section 4(2) of the Securities Act. The exemption was available on
the  basis  that  there  was  no  general  solicitation  in  connection with the
placement  and  sales  were  only  made  to  accredited  investors.

<PAGE>
ITEM  7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS.

     The  Company  has historically been a blank check company. It was formed in
2005  to serve as a vehicle for the acquisition, through a merger, capital stock
exchange,  asset  acquisition  or other similar business combination with a then
unidentified  operating  business.  On April 11, 2006, the Company completed its
IPO  of  equity securities, raising net proceeds of $76,632,404. On September 6,
2006,  the Company, Multi-Shot and various other parties entered into the Merger
Agreement  and  related agreements. See "ITEM 1. BUSINESS-OVERVIEW-Early Company
History".  Over  the  course  of this transaction, the parties twice amended the
terms of the Merger Agreement and twice extended the transaction. On January 31,
2008, the Company announced that the special meeting of its stockholders to vote
on  the  proposed  merger  with  Multi-Shot  had  been  cancelled.  The  Company
determined  and  informed  Multi-Shot that the proposed merger would not receive
the  votes  of  its  stockholders  required  for  approval. The Merger Agreement
expired  on  January  31,  2008,  and  the  proposed  merger with Multi-Shot was
abandoned.  As a result, the Company's Board of Directors determined it would be
in  the best interests of the stockholders to distribute to stockholders holding
shares  of  common stock issued in the IPO all amounts held in a trust fund (net
of  applicable  taxes) established by the Company at the consummation of the IPO
into which a certain amount of the net proceeds from the IPO had been deposited.

     Because  the  Company did not consummate a qualifying business combination,
the  Company's Board of Directors contemplated alternatives for preserving value
for  stockholders.  Before any such action was taken, a change of control of the
Company  occurred  on December 31, 2009 when GGH acquired from the Company's two
largest  stockholders  shares  of  the  Company's  common  stock  representing
approximately 96.5% of the outstanding shares of the common stock. GGH purchased
the  shares to pursue a business plan through the Company, pursuant to which the
Company  sells residential real estate in the United States (initially primarily
in  California)  to international home buyers (residing initially in China). See
"ITEM  1.  BUSINESS--OVERVIEW--  Change  in  Control".  For  a  more  complete
description  of  the Company's business plan, see "ITEM 1. BUSINESS-OVERVIEW-The
Company's  Business".

RESULTS  OF  OPERATIONS

     Comparison  of  Fiscal  Year  Ended  December 31, 2010 to Fiscal Year Ended
December  31,  2009

     For the fiscal year ended December 31, 2010, we had a net loss of $705,456.
For  the  fiscal year ended December 31, 2009, we had net income of $82,240. For
the  fiscal  year  ended  December 31, 2010, we incurred $709,751 of general and
administrative expenses, as compared to the fiscal year ended December 31, 2009,
when we incurred $89,177 of operating expenses, had a gain on settlement of debt
of  $6,937,  and  had  interest expense of $48,721. This increase in expenses is
reflective  of the Company's increased activity as it puts its new business plan
into  effect.  During  the fourth quarter, we wrote off an option deposit in the
amount  of  $50,000  in connection with a consignment transaction we had entered
into  to  sell  certain  properties  in  northern  California,  which  had  been
previously  reflected  on  the Company's balance sheet as an asset, as it may be
difficult to recover this deposit given the delay in home sales closings. Of the
$709,751  of  general  and  administrative  expenses  reflected on the Company's
Statements  of Income for the year ended December 31, 2010, $48,457 was expended
on  the  Company's behalf by the entity that holds a controlling interest in the
Company  to  research  and  develop the Company's new business plan prior to its
acquisition  of  such  control  on  December  31,  2009.

     For  the  fiscal  year  ended  December  31, 2010, we had $650,500 in gross
revenues  on  the  sale  of  two  properties. Margins on these transactions were
narrow, as the consignment agreement the Company entered into with the developer
of  the  properties was priced aggressively as the Company attempts to prove its
business  concept.  In addition, the Company had revenues of $777 from its asset
management  business.

CHANGES  IN  FINANCIAL  CONDITION

Liquidity  and  Capital  Resources

     The  Company's cash position as of December 31, 2010 is $1,913. The Company
had  outstanding  payables  and  other  current  liabilities  of  $161,811 as of
December  31,  2010.  Because  of the Company's current cash position versus its
outstanding  payables  and  accruals,  there  is  substantial  doubt  about  the
Company's  ability  to  continue  as a going concern. The accompanying financial
statements  have  been  prepared  assuming  the Company will continue as a going
concern.  The  future  of the Company is dependent upon the Company's ability to
consummate  sales  of  properties  and  the  development  of  new  business
opportunities.  See  "ITEM  1A.  RISK  FACTORS."  Management  may  need to raise
additional  funds  via  a  combination  of  equity  and/or debt offerings. These
financial  statements  do not include any adjustments that might arise from this
uncertainty.

     For  the first quarter of fiscal 2011, the Company has closed an additional
one  sale  totaling approximately $358,000 and realized approximately $22,600 in
gross  income.  Additionally,  the  Company  currently  has 16 sale reservations
across  three  projects totaling approximately $5.2 million of gross real estate
sales  which represent approximately $775,000_ of net revenue before commissions
and  expenses and $330,000 of gross income after all expenses that are currently
waiting  on third-party mortgage financing, and that the Company expects will be
a  source  of  cash  for  operations.

     The  Company has taken numerous steps to conserve cash.  We have closed our
shared office in Napa and eliminated our full-time employees  However, given the
Company's  current  cash  position, it may be difficult for the Company to enter
into  any  new  agreements  to  market  properties  to its international clients
without  obtaining  additional  funding.

<PAGE>
     The  Company  can  make no assurances that any additional financing will be
available  to  it  when  needed  or,  if  available,  that it can be obtained on
commercially  reasonable  terms.

     To  conserve  on  the Company's capital requirements, the Company may issue
shares  of  its  common stock to pay certain expenses.  During the quarter ended
March  31,  2011,  the  Company  issued  32,500  shares of its common stock to a
consultant  as  payment  for  services rendered, and issued an additional 50,000
shares  of its common stock as payment for legal services rendered.  These stock
issuances  reduced outstanding payables reflected on our financial statements on
December  31,  2010  by  approximately  $31,000.  See  Note  9  to the Company's
Financial  Statements.

Off-Balance  Sheet  Arrangements

     Other  than  contractual  obligations  incurred  in  the  normal  course of
business,  we  do  not  have  any  off-balance  sheet  financing arrangements or
liabilities,  guarantee  contracts,  retained  or  contingent  interests  in
transferred assets or any obligation arising out of a material variable interest
in  an  unconsolidated  entity.  We do not have any majority-owned subsidiaries.

ITEM  8.  FINANCIAL  STATEMENTS  AND  SUPPLEMENTARY  DATA

     Reference is made to our financial statements beginning on page F-1 of this
report.

ITEM  9.  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING AND
FINANCIAL  DISCLOSURE.

     Not  applicable.

ITEM  9A.  CONTROLS  AND  PROCEDURES.

Evaluation  of  Disclosure  Controls  and  Procedures

     Our  management,  with the participation of our principal executive officer
and  principal  financial  officer,  has  evaluated  the  effectiveness  of  our
disclosure  controls  and  procedures  (as  defined  in  Rule  13a-15(e)  of the
Securities  Exchange  Act  of  1934)  as  of  December  31,  2010. Based on such
evaluation, our principal executive officer and principal financial officer have
concluded  that  such  disclosure  controls  and  procedures  were  operating
effectively  as  of  December  31,  2010.

<PAGE>
Management's  Report  on  Internal  Control  over  Financial  Reporting

     Management  is  responsible  for  establishing  and  maintaining  adequate
internal  control  over  financial reporting as that term is defined in Exchange
Act  Rule13a-15(f).  Our  internal control over financial reporting is a process
designed  to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of our financial statements for external reporting
purposes  in  accordance with generally accepted accounting principles ("GAAP").
Our  internal  control  over  financial  reporting  includes  those policies and
procedures  that:  (i) pertain to the maintenance of records that, in reasonable
detail,  accurately  and fairly reflect our transactions and dispositions of our
assets;  (ii)  provide  reasonable  assurance  that transactions are recorded as
necessary  to  permit preparation of our financial statements in accordance with
GAAP,  and  that our receipts and expenditures are being made only in accordance
with  authorizations  of  our  management  and  directors;  and  (iii)  provide
reasonable  assurance  regarding  prevention or timely detection of unauthorized
acquisition,  use or disposition of our assets that could have a material effect
on  our  financial  statements.

     Internal control over financial reporting cannot provide absolute assurance
of achieving financial reporting objectives because of its inherent limitations.
Internal  control  over  financial  reporting  is  a process that involves human
diligence  and  compliance  and  is subject to lapses in judgment and breakdowns
resulting  from  human  failures. Internal control over financial reporting also
can  be  circumvented  by  collusion or improper management override. Because of
such  limitations,  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. In addition,
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.

     To  evaluate  the  effectiveness  of  our  internal  control over financial
reporting  as  of  December  31,  2010,  as  required  by  Section  404  of  the
Sarbanes-Oxley  Act  of  2002,  management  conducted  an  assessment, including
testing,  based  on  the  criteria  set  forth  in  Internal  Control-Integrated
Framework  issued  by  the Committee of Sponsoring Organizations of the Treadway
Commission  (the  "COSO  Framework").  Based  on this evaluation, management has
concluded  that,  as  of  December 31, 2010, our internal control over financial
reporting  was  effective.  This  annual  report does not include an attestation
report  of  the  Company's  registered public accounting firm regarding internal
control  over  financial  reporting.  Management's  report  was  not  subject to
attestation  by  the  Company's  registered  public  accounting firm pursuant to
temporary rules of the Securities Exchange Commission that permit the Company to
provide  only  management's  report  in  this  annual  report.

Changes  in  Internal  Control  over  Financial  Reporting

     No  change  in our internal control over financial reporting (as defined in
Rule13a-15(f)  under  the  Securities  Exchange Act of 1934) occurred during the
fourth  quarter  of  fiscal  2010 that has materially affected, or is reasonably
likely  to  materially  affect,  our  internal control over financial reporting.

<PAGE>
ITEM  9B.  OTHER  INFORMATION.

     Not  applicable.


                    PART  III.

ITEM  10.  DIRECTORS,  EXECUTIVE  OFFICERS  AND  CORPORATE  GOVERNANCE.

     Our  current  directors  and  executive  officers  are  as  follows:

NAME                               AGE       POSITIONS
----                               ---       ---------

Steven Gidumal                    53        Chairman  of  the  Board  &
                                            Chief Financial Officer

Tim  Wilkens                      50        Chief  Executive  Officer

Basil  N.  Argerson               51        Senior  Vice  President,  Treasurer
                                            &  Secretary

     The  following  is the background of Messrs. Gidumal, Wilkens and Argerson:

     STEVEN  GIDUMAL.  Since  2004,  Mr.  Gidumal  has  served  as  the founder,
President  and  Portfolio  Manager  for Virtus Capital, a firm based in Orlando,
Florida  that  invests  in  the  securities  of  companies  in  distressed  and
restructuring  situations,  including  a  variety  of  real estate and financial
institutions.  From  August  2006  to  August  2008,  Mr. Gidumal also served as
Co-Portfolio  Manager of Resurgence Asset Management, a distressed fund based in
New  York  City  for which he co-ran a portfolio in excess of $400 million.  Mr.
Gidumal earned a Bachelor of Science, Economics cum laude from the University of
Pennsylvania  (Wharton  Undergraduate  program)  and  a  Master  of  Business
Administration from Harvard Business School as a Baker Scholar (highest honors).

     TIM WILKENS.  For the past 11 years, Mr. Wilkens has served as President of
Great  Western  Holdings.  Great  Western  Holdings  is  a  business that is the
western United States development partner for Wyndham Worldwide, and in the past
has  partnered  or been approved as a partner for Fairmont Hotels, Marcus Hotels
and  Shell  Vacations.  Mr.  Wilkens  has  been  involved  in  residential  and
commercial  property  development  since  the  early  1980s.  He  has  developed
projects  in  the Lake Tahoe area, Napa County and Sonoma County.   His projects
have  included  class  A  office  developments, residential housing, multifamily
housing,  hotels,  resorts  and  fractional  housing.  Mr.  Wilkens  led several
successful  ventures that purchased distressed real estate in Texas from 1987 to
1990.  Mr.  Wilkens  has a University Teaching Credential issued by the State of
California  and  has  studied  at  San  Jose  State  University  and also at the
University  of  California  at  Berkeley.

<PAGE>
     BASIL  N.  ARGERSON.  Since  February  2006,  Mr.  Argerson has served as a
management consultant in his own firm, where he focuses on providing  merger and
acquisition  advice,  performing  business  valuations and evaluating new market
opportunities,  primarily  for  clients in the medical services/devices and real
estate  industries.  Mr. Argerson received a Bachelor of Arts in Economics, with
distinction,  from  the  University  of  Virginia,  a  Juris  Doctorate from the
University  of  Virginia  School of Law, and a Master of Business Administration
from  the  University  of  Chicago  Booth  School  of  Business.

     Our  Board  of  Directors  has two directors.  On December 31, 2009, Steven
Gidumal was elected as a director of the Company, replacing James P. Wilson, and
on  March  17,  2010,  Tim Wilkens was elected as a director, replacing Keith D.
Spickelmier.  Messrs.  Gidumal  and  Wilkens  will  serve  until the next annual
meeting  of  stockholders  and until their successors are elected and qualified.

     Messrs.  Gidumal  and  Wilkens  serve  on  the  Company's  Nominating  and
Governance  Committee.  The Company's Board of Directors has not established any
standing  Compensation  Committee.  The  Board  of  Directors  as  a  whole will
undertake the functions of this committee at the appropriate time.  The Board of
Directors may establish a Compensation Committee whenever it believes that doing
so  would  benefit  the  Company.

SECTION  16(A)  BENEFICIAL  OWNERSHIP  REPORTING  COMPLIANCE

     Section  16(a) of the Securities Exchange Act of 1934, as amended, requires
our  directors  and  executive officers  and  persons who own more than 10% of a
registered class of our  equity  securities,  to  file  with  the Securities and
Exchange  Commission  initial  reports  of  ownership  and reports of changes in
beneficial  ownership  of  common  stock and other equity securities. Directors,
officers  and  greater  than  10% stockholders are required by SEC regulation to
furnish  us  with  all  Section  16(a) forms they file.  To our knowledge, based
solely upon our review of  the  copies  of  such  reports  furnished  to  us, we
believe  that  all  of  our  directors,  officers  and  greater  than  10%
stockholders  have  complied  with  the  applicable  Section  16(a)  reporting
requirements.



AUDIT  COMMITTEE

     No  member  currently  serves  on  our  audit  committee.

     The  audit committee will review the professional services and independence
of  our   independent  registered  public  accounting  firm  and  our  accounts,
procedures  and  internal  controls. The audit committee will also recommend the
firm  selected  to  be our independent registered public accounting firm, review
and  approve  the  scope  of  the  annual  audit,  review  and evaluate with the
independent  public  accounting  firm  our  annual audit and annual consolidated
financial  statements,  review  with  management  the  status  of  internal
accounting  controls,  evaluate  problem  areas  having  a  potential  financial
impact on us that may be brought to the  committee's  attention  by  management,
the  independent  registered  public  accounting  firm  or  the  board  of
directors,  and  evaluate  all  of  our  public financial  reporting  documents.

<PAGE>
CODE  OF  ETHICS

     We  have  adopted a code of conduct and ethics applicable to our directors,
officers and employees in accordance with applicable federal securities laws and
the  rules  of the American Stock Exchange. A copy of the Company Code of Ethics
and  any  amendments  thereto  is  available  at  www.goldengatehomes.net.
                                                  -----------------------

ITEM  11.  EXECUTIVE  COMPENSATION

     No  executive  officer  or  director has received any cash compensation for
services  rendered.   The  Company  has  not  established  standard compensation
arrangements  for  its  directors, and the compensation, if any, payable to each
individual for his or her service on the Company's Board will be determined (for
the  foreseeable  future) from time to time by the Board of Directors based upon
the  amount  of  time expended by each of the directors on the Company's behalf.
For  the 2010 calendar year, we paid Great Western Holdings, Inc. a wholly-owned
entity of two family trusts of which Tim Wilkens is the trustee, an aggregate of
$55,785 for providing us with certain limited office space, in Napa, California.
However,  this  arrangement was not intended to provide Tim Wilkens compensation
in  lieu  of a salary. No other executive officer or director has a relationship
with  or  interest in Great Western Holdings.  This office space arrangement was
terminated  on  December  15,  2010.

     The  Company  has not decided upon the remuneration that it will pay to its
officers  as  of the date of this Report. The Company does not expect to pay any
such  remuneration  (other than expense reimbursements) until such time as it is
able  to  generate sufficient revenues or complete a significant capital raising
event  to permit it to do so.  In either such event, management expects that the
Company  will start to pay management salaries at market levels, consistent with
any  restrictions  on  salaries imposed by investors providing additional funds.
However, our stockholders that also serve as officers will be reimbursed for any
out-of-pocket  expenses  incurred  in  connection with activities on our behalf.
There  is  no limit on the amount of these out-of-pocket expenses and there will
be  no  review  of  the  reasonableness of the expenses by anyone other than our
Board  of  Directors,  which  includes  persons who may seek reimbursement, or a
court  of competent jurisdiction if such reimbursement is challenged. If none of
our  directors  are  deemed  "independent,"  we  will  not  have  the benefit of
independent directors examining the propriety of expenses incurred on our behalf
and  subject  to  reimbursement.

ITEM  12.  SECURITY  OWNERSHIP  OF  CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED  STOCKHOLDERS  MATTERS

     The table set forth below contains certain information as of March 31, 2011
concerning  the  beneficial  ownership of the Company's common stock (i) by each
person  who  is  known  by  the  Company to own beneficially more than 5% of the
outstanding  common stock; (ii) by each director; and (iii) by all directors and
officers  as  a  group.  The  address for all persons listed in the table is 855
Bordeaux  Way,  Suite  200,  Napa,  California  94558.

<PAGE>
     Except  as  otherwise  indicated,  all  persons  listed below have (i) sole
voting  power  and  investment power with respect to their shares, except to the
extent that authority is shared by spouses under applicable law, and (ii) record
and  beneficial  ownership with respect to their shares.  Shares not outstanding
but  deemed beneficially owned by virtue of the right of a person or member of a
group  to  acquire  them  within  60  days  of  March  31,  2011  are treated as
outstanding only for determination of the number and percent owned by such group
or  person.

                                    Amount and Nature of Beneficial Ownership
Name of Beneficial Owner                 Number               Percent
------------------------                 ------               -------

GGH, Inc.                             3,520,305 (1)            91.7%

Steven  Gidumal                       3,520,305 (1)            91.7%

Tim Wilkens                           3,520,305 (1)            91.7%

Brandon Birtcher                      3,520,305 (1)            91.7%

All directors and officers as a group
(three persons)                       3,565,911                92.9%

     (1)     All of these shares are held by GGH, Inc., an entity owned directly
or  indirectly  by  Steven Gidumal and Brandon Birtcher, and two trusts of which
Tim  Wilkens is the trustee.  Accordingly, Messrs. Gidumal, Birtcher and Wilkens
have  shared  voting power and shared investment power over these shares.  These
shares  are  also  included  in  the table in the figures of shares beneficially
owned  by GGH, Inc. and Messrs. Gidumal, Birtcher and Wilkens. The stock numbers
reflect  the  1-for-35  reverse  stock  split  effected  on  March  8,  2010.

     Our  officers  and  directors, collectively, beneficially own approximately
92.9% of the  issued and outstanding shares of our common stock. Because of this
ownership  block, these stockholders may be able to effectively exercise control
over  all matters requiring approval by our stockholders, including the election
of  directors  and  approval  of  significant  corporate transactions other than
approval  of  a  business  combination.

<PAGE>

ITEM  13.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS,  AND  DIRECTOR
INDEPENDENCE.

     All  ongoing  and  future  transactions  between us and any of our officers
and directors  or  their  respective affiliates, including loans by our officers
and  directors, will be on terms believed by us to be no less favorable than are
available  from  unaffiliated  third  parties  and  such  transactions or loans,
including any forgiveness of loans, will require prior approval in each instance
by  a  majority  of our uninterested ''independent'' directors (to the extent we
have  any)  or  the  members  of  our  Board  who do not have an interest in the
transaction,  in either case who had access, at our expense, to our attorneys or
independent  legal  counsel.  In  addition,  our  management will gather pricing
information, estimates or fairness opinions from unaffiliated third parties with
respect  to  similar  transactions  undertaken  by  us.

DIRECTOR  INDEPENDENCE

     Our  common  stock  is  listed  for  trading on the NASDAQ Over the Counter
Bulletin  Board  (OTC.BB).  Accordingly, we use the standards established by the
OTC.BB for determining whether or not each of our directors is "independent." We
have  determined  that  currently  Steven  Gidumal  and  Tim  Wilkens  are  not
independent. The OTC.BB rules generally require that a listed company's Board of
Directors  be composed of a majority of independent directors. As a consequence,
we  do  not  presently  comply  with  the  OTC.BB  rules  in  this  regard.

     Moreover,  the OTC.BB rules generally require that a listed company's Audit
Committee  be  composed  of  at  least  three  members,  each  of  whom  must be
independent.  We  do  not  presently comply with the OTC.BB rules in this regard
either.

ITEM  14.  PRINCIPAL  ACCOUNTING  FEES  AND  SERVICES

Audit  Fees

For 2010 and 2009, we incurred fees from our principal accountant of $14,900 and
$1,500,  respectively,  for  the  services they performed including the year-end
audit,  the  quarters  and  consents  on  other  SEC  filings.

Audit-Related  Fees

During  2010,  our  principal  accountant  did  not render assurance and related
services  reasonably  related  to  the  performance  of  the  audit or review of
financial  statements.

Tax  Fees

For  2010  and  2009,  we  paid  our  principal  accountant  $2,000  and $1,500,
respectively.

All  Other  Fees

During  2010,  there were no fees incurred for products and services provided by
the  principal  accountant  other  than  those  set  forth  above.

POLICY  ON  AUDIT  COMMITTEE  PRE-APPROVAL  OF  AUDIT  AND PERMISSIBLE NON-AUDIT
SERVICES  OF  INDEPENDENT  AUDITORS

     Consistent  with  SEC  policies  regarding  auditor independence, the Audit
Committee has responsibility for appointing, setting compensation and overseeing
the work of the independent auditor.  In recognition of this responsibility, the
Audit  Committee  has  established  a  policy  to  pre-approve  all  audit  and
permissible  non-audit  services  provided  by  the  independent  auditor.

     Prior  to  engagement of the independent auditor for the next year's audit,
management  will  submit an aggregate of services expected to be rendered during
that  year  for  each  of four categories of services to the Audit Committee for
approval.

1.  AUDIT  services include audit work performed in the preparation of financial
statements,  as  well  as  work  that generally only the independent auditor can
reasonably  be expected to provide, including comfort letters, statutory audits,
and  attest  services  and  consultation  regarding  financial accounting and/or
reporting  standards.

2.  AUDIT-RELATED  services  are  for  assurance  and  related services that are
traditionally  performed  by  the  independent  auditor, including due diligence
related  to  mergers and acquisitions, employee benefit plan audits, and special
procedures  required  to  meet  certain  regulatory  requirements.

3.  TAX services include all services performed by the independent auditor's tax
personnel  except  those  services  specifically  related  to  the  audit of the
financial  statements,  and  includes  fees  in the areas of tax compliance, tax
planning,  and  tax  advice.

4.  OTHER  FEES  are  those  associated  with services not captured in the other
categories.  We  generally  do  not  request  such services from the independent
auditor.

     Prior  to  engagement,  the  Audit Committee pre-approves these services by
category  of  service.  The  fees  are  budgeted  and  the  Audit  Committee
requires  the independent  auditor  and  management to report actual fees versus
the budget periodically  throughout the year by category of  service. During the
year,  circumstances  may  arise  when  it  may  become  necessary to engage the
independent  auditor  for  additional  services not contemplated in the original
pre-approval.  In  those  instances,  the  Audit  Committee  requires  specific
pre-approval  before  engaging  the  independent  auditor.

     The  Audit  Committee may delegate pre-approval authority to one or more of
its members.  The  member  to  whom  such  authority  is  delegated must report,
for  informational  purposes  only,  any  pre-approval  decisions  to  the Audit
Committee  at  its  next  scheduled  meeting.

<PAGE>
               PART  IV.

ITEM  15.  EXHIBITS  AND  FINANCIAL  STATEMENT  SCHEDULES.

(a)  The  following  documents  are  filed  as  a  part  of  this  Report:

1.  FINANCIAL  STATEMENTS:

Index  to  Financial  Statements  and  Schedules
Report  of  Independent  Registered  Public  Accounting  Firm
Balance  Sheets  as  of  December  31,  2010  and  December  31,  2009
Statement  of  Operations - Year ended December 31, 2010, December 31, 2009, and
Period  from  May  11,  2005  (Inception)  to  December  31,  2010
Statement  of  Stockholders'  Equity  (Deficit)  -Year  ended December 31, 2010,
December  31, 2009 and Period from May 11, 2005 (Inception) to December 31, 2010
Statement  of  Cash  Flows  -Year ended December 31, 2010, December 31, 2009 and
Period  from  May  11,  2005  (Inception)  to  December  31,  2010
Notes  to  Financial  Statements

2.  FINANCIAL  STATEMENT  SCHEDULES:

All schedules are omitted for the reason that the information is included in the
financial  statements  or the notes thereto or that they are not required or are
not  applicable.


3.     EXHIBITS:

EXHIBIT  NO. DESCRIPTION
-----------                          -----------
1.1          Form  of  Underwriting  Agreement.*

1.2          Form  of  Selected  Dealers  Agreement.*

3.1          Third  Amended  and  Restated  Certificate  of Incorporation**

3.2          Amended  and  Restated  Bylaws.*

3.3          Amendment  to  the Amended and Restated Certificate of
             Incorporation.*

3.4          Amendment  to  the Amended and Restated Certificate of
             Incorporation.*

4.1          Specimen  Unit  Certificate.*

4.2          Specimen  Common  Stock  Certificate.***

4.3          Specimen  Warrant  Certificate.*

<PAGE>
4.4          Form  of  Warrant Agreement between Continental Stock Transfer  &
             Trust Company  and  the  Registrant.*

4.5          Form  of  Unit  Purchase  Option.*

10.1         Form of Letter Agreement among the Registrant, Ferris, Baker
             Watts, Incorporated,  and  James  P.  Wilson.*

10.2         Form of Letter Agreement among the Registrant, Ferris, Baker
             Watts, Incorporated  and  Keith  D.  Spickelmier.*

10.3         Form of Letter Agreement among the Registrant, Ferris, Baker
             Watts, Incorporated  and  Michael  H.  McConnell.*

10.4         Form of Letter Agreement among the Registrant, Ferris, Baker
             Watts, Incorporated  and  Herbert  C.  Williamson.*

10.5         Form  of Investment Management Trust Agreement between Continental
             Stock Transfer  &  Trust  Company  and  the  Registrant.*

10.6         Form of Stock Escrow Agreement between the Registrant, Continental
             Stock  Transfer  &  Trust  Company  and the Initial Stockholders.*

10.7         Form  of Letter Agreement between 4350 Management, LLC and  the
             Registrant  regarding  administrative  support.*

10.8         Advance  Agreement between the Registrant and James P. Wilson,
             dated  May 18,  2005.*

10.9         Advance  Agreement between the Registrant and Keith D. Spickelmier,
             dated  May  18,  2005.*

10.10        Form  of  Registration  Rights  Agreement  among  the Registrant
             and  the  Initial Stockholders.*

10.11        Form of Unit Placement Agreement among each of James P. Wilson  and
             Keith D.  Spickelmier  and  Ferris,  Baker  Watts, Incorporated.*

10.12        Advance  Agreement  between the Registrant and James P. Wilson,
             dated December  20,  2005.*

10.13        Advance  Agreement  between the Registrant and Keith D.
             Spickelmier, dated  December  20,  2005.*

10.14        Amended  Marketing  and  Sales  Partnership Agreement dated March
             10, 2010  by  and between  the  Company and Premier Capital, Ltd.**

<PAGE>
10.15        Consulting Agreement between the Company and Brian McConnell, dated
             April 8, 2010***

31.1         Sarbanes  Oxley  Section  302  Certifications****

32.1         Sarbanes  Oxley  Section  906  Certifications****

24           Power  of  Attorney.*

99.1         Audit  Committee  Charter*

99.2         Code  of  Ethics*

 *  Incorporated  herein by reference to the Company's Registration Statement on
Form  S-1,  as  amended,  (File  No.  333-125211)

**  Incorporated herein by reference to the Company's Current Report on Form 8-K
dated  March  12,  2010

***Incorporated  herein  by  reference to the Company's Quarterly Report on Form
10-Q  dated  March  31,  2010

****  Filed  herewith

SIGNATURES

Pursuant  to  the requirements of Section 13 or 15(d) of the Securities Exchange
Act  of  1934,  the  registrant  has duly caused this report to be signed on its
behalf  by  the undersigned, thereunto duly authorized, on the 14th day of April
2011.

GOLDEN  GATE  HOMES,  INC.

By:  /s/  Steven  Gidumal
     -------------------
     Steven  Gidumal
     Chairman  of  the  Board  and
     Chief  Financial  Officer

Pursuant to the requirements of the Securities Act of 1934, this report has been
signed  by  the  following persons in the capacities and on the dates indicated.

               NAME                        POSITION             DATE

By:  /s/  Steven  Gidumal         Chairman  of  the          April  14,  2011
          STEVEN  GIDUMAL         Board  of  Directors  and
                                  Chief  Financial  Officer
                                  (Principal  Financial
                                  and  Accounting  Officer)


By:  /s/  Tim  Wilkens            Chief Executive Officer   April 14, 2011
          TIM  WILKENS            and  Director
                                 (Principal  Executive  Officer)

<PAGE>

INDEX  TO  FINANCIAL  STATEMENTS  AND  SCHEDULES

REPORT  OF  INDEPENDENT  REGISTERED  PUBLIC  ACCOUNTING  FIRM              F-2
BALANCE  SHEETS                                                            F-3
STATEMENTS  OF  OPERATIONS                                                 F-4
STATEMENTS  OF  CHANGES  IN STOCKHOLDERS' EQUITY (DEFICIT)                 F-5
STATEMENTS  OF  CASH  FLOWS                                                F-6
NOTES  TO  FINANCIAL  STATEMENTS                                           F-7















                              F-1
<PAGE>

REPORT  OF  INDEPENDENT  REGISTERED  PUBLIC  ACCOUNTING  FIRM

To  the  Board  of  Directors
Golden  Gate  Homes,  Inc.
(A  Development  Stage  Company)
Napa,  California

We have audited the accompanying consolidated balance sheets of Golden Gate
Homes, Inc. (a development stage company) (the "Company") as of December 31,
2010 and 2009, and the related consolidated statements of operations,
shareholders' equity (deficit), and cash flows for the years then ended and from
May 11, 2005 (inception) to December 31, 2010. These financial statements are
the responsibility of Golden Gate Homes, Inc.'s management. Our responsibility
is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform an audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audits included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Golden Gate Homes, Inc. as of
December 31, 2010 and 2009 and the results of operations and cash flows for the
years then ended and from May 11, 2005 (inception) to December 31, 2010, in
conformity with accounting principles generally accepted in the United States of
America.

The accompanying financial statements have been prepared assuming that Golden
Gate Homes, Inc. will continue as a going concern. As discussed in Note 2 to the
financial statements, Golden Gate Homes, Inc. has historically suffered losses
from operations which raises substantial doubt about its ability to continue as
a going concern. Management's plans regarding those matters also are described
in Note 2. The financial statements do not include any adjustments that might
result from the outcome of this uncertainty.


MaloneBailey, LLP
www.malonebailey.com
Houston, Texas
April 11, 2011

                                      F-2
<PAGE>
                         GOLDEN  GATE  HOMES,  INC.
                      (A  DEVELOPMENT  STAGE  COMPANY)
                               BALANCE SHEETS
                        AS OF DECEMBER 31, 2010 AND 2009

                            ASSETS
                                                         2010           2009

Current  assets:
Cash                                               $      1,913     $    10
Prepaid  Expenses                                          (753)          -
Other  current  assets                                    7,150           -
                                                    ------------------------
Total  current  assets                                    8,310          10
                                                    ------------------------
           Total  Assets                          $       8,310     $    10
                                                    ========================


 LIABILITIES  AND  STOCKHOLDERS'  EQUITY  (DEFICIT)
Current  liabilities:
Accounts  payable  and  accrued  expenses         $     145,356    $ 10,000
Due  to  related  parties                                16,455           -
                                                  -------------------------
         Total  Liabilities                      $      161,811    $ 10,000

Stockholders'  equity  (deficit):

Preferred  stock,  $0.0001  par  value,
  1,000,000  shares  authorized,  none  issued
  and  outstanding                                           -           -
Common  stock,  $0.0001  par  value,  600,000,000
  shares  authorized,  3,755,188  and  3,648,511
  shares  issued  and  outstanding  at  December  31,
  2010 and 2009, respectively                              375         364
Paid-in  capital                                     2,580,956   2,019,022
Deficit  accumulated  during  the
  development  stage                                (2,734,832) (2,029,376)
                                                    ----------------------
  Total  Stockholders'  Deficit                       (153,501)     (9,990)
                                                    ----------------------
Total  Liabilities  and  Stockholders'
   Deficit                                          $    8,310   $     10
                                                   =======================
See  notes  to  financial  statements.

                                         F-3
<PAGE>

                           GOLDEN  GATE  HOMES,  INC.
                       (A  DEVELOPMENT  STAGE  COMPANY)
                            STATEMENTS  OF  OPERATIONS
          YEAR  ENDED  DECEMBER  31,  2010,  DECEMBER  31,  2009,  AND
           PERIOD  FROM  MAY  11,  2005  (INCEPTION)  TO  DECEMBER 31, 2010

                                      Year           Year       Period from May
                                                                11,  2005
                                      Ended          Ended      (Inception)  to
                                   December  31,  December 31,  December  31,
                                      2010            2009        2010

Brokerage  &  Fee  Income         $    3,930      $       -       $  3,930
Operating  expenses:
   General  &  administrative        709,751         40,456      1,663,340
Impairment  of  deferred
  transaction  costs                       -              -      1,844,724
                                  ----------------------------------------
Operating  loss                     (705,821)       (40,456)    (3,504,134)

Other  income  (expense):
  Interest  income                       365              -      5,663,895
  Interest  expense                                 (48,721)       (77,471)
  Loss  on  extinguishment  of  debt       -              -       (928,182)
  Gain  on  settlement  of  debt                      6,937        669,656
  Gain  (loss)  on  derivative
  liabilities                              -              -        203,596
                                  ----------------------------------------
Total  other  income  (expenses)         365        (41,784)     5,531,494
                                  ----------------------------------------

Net  income  (loss)                 (705,456)       (82,240)     2,027,360

Income  tax  expense                       -              -          5,692
Distribution  in  trust  fund
earnings                                                        (4,756,500)
                                  ----------------------------------------
Net  income  (loss)              $  (705,456)    $  (82,240)  $ (2,734,832)
                                  ========================================

Earnings  (loss)  per  common  share:
BASIC & DILUTED                  $     (0.19)   $     (0.02)          N/A

Weighted  average  number  of
common  shares  outstanding:
BASIC&  DILUTED                    3,705,421      3,648,511           N/A

See  notes  to  financial  statements

                                        F-4
<PAGE>

<PAGE>
                            GOLDEN GATE HOMES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
            STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY (DEFICIT)
    YEARS ENDED DECEMBER 31, 2010 AND 2009 AND THE PERIOD FROM MAY 11, 2005
                        (INCEPTION) TO DECEMBER 31, 2010

                               Additional                          Total
                     Common Stock   Paid-In  Accumulated  Deferred Stockholders'
                   Shares   Amount  Capital   Deficit    Compensation   Deficit

Stock  issued
  for  cash           28,175     $  3     $  31,247                  $   31,250
Net  loss                                                 $(4,995)       (4,995)
                      ---------------------------------------------------------

Balance at December
  31,    2005         28,175        3        31,247        (4,995)       26,255
Stock  issued  for
  cash,  net  of
  offering  costs    129,127       13    76,606,881                  76,606,894
Derivative  Liability                   (14,371,830)                (14,371,830)
Proceeds  subject  to
  redemption                            (15,299,099)                (15,299,099)
Sale  of  underwriter
  option                                        100                         100
Increase  in  value  of
 common  stock  subject
 to  redemption                            (218,588)                   (218,588)
Net  income                                               423,436       423,436
                    -----------------------------------------------------------
Balance  at  December
  31,  2006          157,302       16    46,748,711       418,441    47,167,168

Change  in  value  of
 derivative  liability                   14,168,234                  14,168,234
Increase  in  value  of
 common  stock  subject
 to  redemption                            (411,018)                   (411,018)
Net  income                                             1,967,606     1,967,606
                    -----------------------------------------------------------
Balance  at  December
  31,  2007          157,302       16    60,505,927     2,386,047    62,891,990
                    ===========================================================

Special  dividend  payment              (81,190,596)                (81,190,596)
Common  stock  subject
 to  redemption                          15,928,705                  15,928,705

                                        F-5
<PAGE>
Loss  on  extinguish-
  ment  of  debt                            928,182                     928,182

Distribution  of  Trust
 Fund  earnings                           4,756,499    (4,756,499)

Net  income                                               423,316       423,316
                    -----------------------------------------------------------
Balance  at  December
  31, 2008           157,302       16       928,717    (1,947,136)   (1,018,403)
                    ===========================================================

Stock  issued  upon
 Conversion  of
  Promissory
  Notes           3,491,209       348       977,190                     977,538
Contributed
  Capital                                   113,115                     113,115
Net  income                                               (82,240)      (82,240)
                   ------------------------------------------------------------

Balance  at  December
  31,   2009      3,648,511      $364    $2,019,022   $(2,029,376       $(9,990)
                  ============================================================
Stock issued
of cash            91,677        9     48,286                            48,295
Stock issued for
services           15,000        1     15,149                            15,150
Contributed
Capital                               498,500                           498,500
Net income                                      (705,456)              (705,456)
            -------------------------------------------------------------------
Balance as of
December 31,
2010           3,755,188    $ 374 $ 2,580,957 $ (2,734,832)          $ (153,501)
           ====================================================================

See  notes  to  financial  statements.

                                       F-6
<PAGE>
                            GOLDEN GATE HOMES, INC.
                       (A  DEVELOPMENT  STAGE  COMPANY)
                            STATEMENTS OF CASH FLOWS
          YEARS  ENDED  DECEMBER  31,  2010  AND  2009,  AND  THE
           PERIOD  FROM  MAY  11,  2005  (INCEPTION)  TO  DECEMBER  31,  2010

                                 Year          Year    Period  from May 11, 2005
                                 Ended        Ended      (Inception)  to
                               December  31, December  31, December  31,
                                 2010          2009           2010

Net  income  (loss)         $  (705,456)  $  (82,240)      (2,734,832)
Shares  issued  for  services    15,150            -           15,150

Adjustments  to  reconcile
 net  income  (loss)  to  net
 cash  used  in  operating
 activities:

  Investment  income                 -             -       (5,663,530)
  Loss  (Gain)  on
    derivative  liabilities          -             -         (203,596)
Gain  on  settlement  of
interest  expenses                   -       (48,722)        (711,441)
Gain  on  settlement  of  debt       -        (6,937)          (6,937)
Impairment  of  deferred
transaction  costs                   -                      1,828,626
Loss  on  extinguishment  of  debt   -             -          928,182
Change  in:
  Accounts  payable  and
  accrued  expenses            135,225       (11,634)         812,347
  Due  to  related  parties     16,455                         67,709
Prepaid  expenses  and  other
current assets                  (6,397)            -           (6,397)
Accrued  expenses                  131                            131

                          -------------------------------------------
Net  Cash  used  in
operating  activities         (544,892)     (149,533)      (5,674,588)

CASH  FLOWS  FROM  INVESTING  ACTIVITIES
Deferred  transaction  costs         -             -       (1,828,626)
Payment  to  trust  account          -             -      (76,532,404)
Disbursements  from  trust
account                              -             -       82,195,934
                         --------------------------------------------
Net  cash  provided  by  (used  in)
  investing  activities              0             -        3,834,904

                                    F-7
<PAGE>
CASH  FLOWS  FROM  FINANCING  ACTIVITIES

Gross  proceed  from  public
offering                            -              -       79,350,000
Gross  proceeds  from
private  placement                  -              -        2,000,004
Proceeds  from  sale  of
stock                          48,295              -           79,546
Proceeds  from  sale  of
underwriter  option                 -              -              100
Proceeds  from  advances
from  stockholders                  -              -        1,270,282
Payments  on  advances
from  stockholders                  -              -         (329,000)
Cash  paid  for  offering
costs                               -              -       (4,743,110)
Special  dividend  payment          -              -      (81,190,596)
Adjustment  to  retained
earnings                            -              -        4,756,499
Contributed  Capital          498,500                         611,615
Proceeds  from  convertible
debt                                               -           36,257
                         --------------------------------------------
Net  cash  provided  by  financing
  activities                 546,795         149,372        1,841,597
                        ---------------------------------------------
Net  change  in  cash          1,903            (161)           1,913
Cash  at  beginning  of  period   10         109,917                0
                        ---------------------------------------------
Cash  at  end  of  period   $  1,913      $       10    $       1,913
                        =============================================
Supplemental  disclosures:
Cash  paid  for  interest   $      -      $        -    $           -
Cash  paid  for  income  taxes     -               -                -

Non-cash  transactions:
Common  stock  subject  to
redemption                 $      -      $        -     $          -
Increase  (Decrease)  in  value
of  common stock  subject
to  redemption                   -                -                -

Conversion  of  Shareholder
Advances  to   Notes      $      -       $        -    $           -

Conversion  of  Notes  to
common  stock             $     -        $  977,539          977,539



See  notes  to  financial  statements.
                                       F-8
<PAGE>


                            GOLDEN GATE HOMES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS

NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

NATURE  OF  BUSINESS

Golden  Gate  Homes,  Inc.  (hereinafter  referred  to  as  the  "Company")  was
incorporated in Delaware on May 11, 2005 for the purpose of acquiring or merging
with an operating business.  Before any acquisition or merger occurred, a change
in control of the Company occurred on December 31, 2009 when GGH, Inc. (formerly
Golden  Gate  Homes,  Inc.),  a  privately  held  Delaware  corporation ("GGH"),
acquired  from  James P. Wilson and Keith D. Spickelmier shares of the Company's
common  stock representing approximately 96.5% of the outstanding shares and the
controlling  interest in the Company. The Company is a development stage company
that  markets  and sells residential property located in California to buyers in
mainland  China  through  a Chinese broker.  The Company enlists the services of
acquisition  brokers  in  California,  who  present the Company with residential
properties  that  are  typically  owned by a developer or financial institution.
The  Company  is  currently  focusing  on "consignment" transactions whereby the
Company enters into an agreement with the owner of the properties to market such
properties  overseas.  Terms  of  the consignment agreement specify the price at
which  the  Company  has an option to purchase each of the properties, which the
Company  then seeks to re-sell to buyers in China.  If the Company is successful
in  completing  a  major  capital  raising  transaction,  it  will also consider
purchasing  similar  assets  for  resale  to  the  same  target  market.

REVENUE  RECOGNITION

Our  revenue  is  recognized  based  on  objective  criteria that do not require
significant estimates or uncertainties. Our policy follows the guidance from SEC
Staff  Accounting  Bulletin  104,  "Revenue  Recognition"  ("SAB  104"). SAB 104
provides guidance on the recognition, presentation, and disclosure of revenue in
financial  statements.  The  Company books revenue at the close of escrow, after
the  sale  of  the  property  has  been  consummated and all fees paid and title
recorded.  The  mechanism  of  the Company's closings is as follows: the Company
purchases  the  property  from  the  developer  at the agreed upon option price,
records  the deed of trust and pays the settlement fees.  The Company then sells
the property to the third-party buyer, who pays his share of settlement fees and
records  the  deed  of trust in his or her name.  Only after the cash is in hand
does  the Company recognize the revenue.  The Company records revenue as the net
difference between the sale price to the third-party buyer and the price paid to
the  developer  for  the  option.  For  its asset management services, the asset
management  agreement  provides  for the Company to receive a portion of the fee
for  leasing  properties to tenants.  Revenue is booked only after the lease has
been  signed,  the fee collected by the property manager, and the fee reflecting
the  Company's  portion  received  by  the  Company.  In addition, monthly asset
management  service  fees  are  recorded  only after the monthly rental has been
collected  from  the  tenant and the portion of the fee allocated to the Company
for  its  services  has  been  received.
<PAGE>
CONTINGENCIES

We  account  for  claims  and  contingencies  in accordance with FASB Accounting
Standards Codification Topic 450 "Accounting for Contingencies" ("ASC 450"). ASC
450  requires  that we record an estimated loss from a claim or loss contingency
when  information  available  prior  to  issuance  of  our  financial statements
indicates that it is probable that an asset has been impaired or a liability has
been incurred at the date of the financial statements and the amount of the loss
can be reasonably estimated. Accounting for claims and contingencies requires us
to  use  our  judgment.

DEVELOPMENT  STAGE  COMPANY

The  Company  is  considered  to  be a development stage company and as such the
financial  statements  presented  herein  are  presented in accordance with FASB
Accounting  Standards Codification ("ASC") 915 "Development Stage Entities." The
Company  is subject to the risks associated with activities of development stage
companies.

USE  OF  ESTIMATES

In  preparing  financial  statements, management makes estimates and assumptions
that  affect the reported amounts of assets and liabilities in the balance sheet
and  revenue  and expenses in the income statement.  Actual results could differ
from  those  estimates.

CASH  AND  EQUIVALENTS

The Company considers all highly liquid investments with an original maturity of
three  months  or  less  at  the  time  of  purchase  to  be  cash  equivalents.

INCOME  TAXES

The  Company recognizes deferred tax assets and liabilities based on differences
between  the  financial  reporting and tax bases of assets and liabilities using
the  enacted  tax  rates  and  laws  that  are expected to be in effect when the
differences  are  expected  to  be  recovered.  The Company provides a valuation
allowance  for deferred tax assets for which it does not consider realization of
such  assets  to  be more likely than not.  As of December 31, 2010, the Company
had  a net operating loss carryforward of approximately $1,881,787 which expires
beginning  2027.  The  majority of the unused net operating loss carryforward is
limited  due  to  the  change  in  control  on  December  31,  2009.

Deferred  tax  assets  consisted  of  the  following:

                                                   2010          2009

Net  Operating  Loss  Carryforward               $640,000  $   400,000
Less:  Valuation  Allowance                      (640,000)    (400,000)
                                                 ---------------------
Total  Deferred Tax Assets                       $      -  $         -
                                          F-9
<PAGE>
BASIC  AND  DILUTED  NET  INCOME  PER  SHARE

The  basic net income per common share is computed by dividing the net income by
the weighted average number of common shares outstanding. The diluted net income
per  common share reflects the potential dilution that could occur if securities
or  other  contracts  to  issue  common  shares were exercised or converted into
common  shares  or  resulted in the issuance of common share that then shared in
the  earnings.

REVERSE  STOCK  SPLITS

On June 17, 2008, the Company implemented a 1-for-3 reverse stock split. The par
value  of  the  common  stock  was  not affected by the reverse stock split. The
effect of the stock split was to change the issued and outstanding shares of our
common stock to 5,505,556 as of June 17, 2008.  All shares and per share amounts
have  been  restated  in  the financial statements and in the notes to financial
statements  for  all such periods  presented, to reflect the reverse stock split
as  if it occurred on the first day of the first period  presented.  On March 8,
2010,  the  Company  effected a 1-for-35 reverse split, which did not change the
par  value  of the common stock.  The reverse stock split changed the issued and
outstanding  shares  of our common stock to 3,648,511.  All references to common
stock  and  per  share  data  have  been  retroactively  restated to account for
1-for-35  reverse  stock  split  as if it occurred on the first day of the first
period  presented.


RECENTLY  ISSUED  ACCOUNTING  PRONOUNCEMENTS

Effective  last  year,  the  Company implemented SFAS No. 165, Subsequent Events
("SFAS  165"). This standard establishes general standards of accounting for and
disclosure  of  events  that  occur  after  the  balance  sheet  date but before
financial  statements  are  issued.  The adoption of SFAS 165 did not impact the
Company's financial position or results of operations. The Company evaluated all
events or transactions that occurred after January 31, 2010 up through April 13,
2011,  the  date  the Company issued these financial statements.  The subsequent
events  that  have  occurred  through  this date are as disclosed in Footnote 7.

The  Company  does  not  expect  the  adoption  of  recently  issued  accounting
pronouncements  to  have  a  significant  impact  on  the  Company's  results of
operations,  financial  position  or  cash  flow.
                                        F-10
<PAGE>
NOTE  2  -  GOING  CONCERN  AND  LIQUIDATION  OF  TRUST  ACCOUNT

 As  shown  in  the  accompanying  financial  statements,  the  Company  has  an
accumulated  deficit  and working capital deficit as of December 31, 2010. These
conditions  raise  substantial  doubt  as  to its ability to continue as a going
concern.

The  Company  currently  does  not  have  any  other binding commitments for, or
readily  available  sources  of,  additional  financing.

Management  believes  that, if the Company's operations progress as planned, the
Company  will  have  positive  cash  flow  to  partially  finance  its business.
Management believes it has established relationships with lenders to shorten the
time  period  for  future loan approvals. Moreover, management believes that, if
sales  of  properties  result  in  sufficient positive cash flow, equity capital
should  be  available.  To  conserve  on the Company's capital requirements, the
Company  may  issue  shares  of  its  common  stock  to  pay  certain  expenses.

The  Company  liquidated  the  Trust  Fund  established  by  the  Company at the
consummation of its initial public offering (the "IPO") and into which a certain
amount  of  the  net  proceeds of the IPO were deposited (the "Trust Fund"). The
payment  date  for  distributions  from  the Trust Fund was June 2, 2008. The ex
dividend  date was set at June 3, 2008. Public stockholders holding shares as of
the  end  of  the  day  preceding  the  "ex  dividend" date set by the Financial
Industry  Regulatory  Authority  (FINRA)  were  entitled  to  receive  the
distributions.  Public  stockholders  who  sold  their  shares  before  the  "ex
dividend"  date also sold the right to the distribution by virtue of a due bill.
Due  bills  were redeemable on June 5, 2008. At the date of liquidation, June 2,
2008,  the  Trust Fund had a balance of $81,190,595 (net of $98,110 withheld for
taxes).  The  liquidation  of the Trust Fund resulted in a distribution of $6.14
per  share  to  eligible  shareholders.

NOTE  3  -  ADVANCES FROM SHAREHOLDERS, NOVATION AGREEMENT AND CONVERTIBLE NOTES

In  May 2008, the Company borrowed from James P. Wilson and Keith D. Spickelmier
an  aggregate  amount  of  $103,182 to pay certain outstanding Company payables.
Each of Messrs. Wilson and Spickelmier was then an officer and a director of the
Company.  Messrs.  Wilson and Spickelmier had previously advanced to the Company
an  aggregate  of $825,000 pursuant to separate advance agreements, as described
above.  The  additional  $103,182  advance  was  made  pursuant  to  a  Novation
Agreement,  which,  among  other  things,  replaced  all of the previous advance
agreements.  The  Novation  Agreement  provided that (a) the aggregate amount of
Company  indebtedness  to Messrs. Wilson and Spickelmier was $928,182, after the
additional  $103,182  advance,  (b) all amounts owing by the Company to  Messrs.
Wilson  and  Spickelmier  would bear interest at the rate of five percent (5.0%)
per  annum,  (c)  all  amounts  owing  by  the  Company  to  Messrs.  Wilson and
Spickelmier  would  be  due in payable in full on demand, and (d) Messrs. Wilson
and Spickelmier have the right, at their election, to have the indebtedness owed
to  them  represented  by  a promissory note. During the fourth quarter of 2008,
Messrs. Wilson and Spickelmier advanced an additional $13,100 bringing the total
under  the Novation Agreement to $941,282 with accrued interest of $28,754 as of
December  31,  2008.  The  Novation  Agreement  also provided for the release of
certain agreements between the Company, on the one hand, and Messrs.  Wilson and
Spickelmier,  on  the  other hand, entered into in connection with the Company's
initial  public  offering. These agreements were released because they no longer
had  any  relevance  in  view  of  the  proposed  amendments  to  the  Company's
Certificate  of  Incorporation  that  were  to  be  considered  (and  that  were
subsequently  approved)  at  the special meeting of stockholders  scheduled  for
May  27,  2008.
                                      F-11
<PAGE>
In  July  2008,  the Company revised the terms of the above stated debt with its
stockholders, by issuing new promissory notes. Under the terms of the new notes,
the  principal  and any accrued but unpaid interest may be converted at any time
into  common  stock  at a conversion rate of $.008.  The other terms of the note
are  substantially  the same as those described in the preceding paragraph.  The
modification  of the note agreements to include a conversion feature resulted in
a  substantial  modification  of  debt  in accordance with EITF 96-19, "Debtor's
Accounting  for  a  Modification or Exchange of Debt Instruments."  As a result,
the Company recognized a loss on extinguishment of debt of $928,182 during 2008.
On  December  21,  2009, Messrs. Wilson and Spickelmier converted the promissory
notes  into 67,205,779 and 54,986,547 common shares, respectively (1,920,165 and
1,571,044  shares,  respectively,  after  giving  effect to the 1-for-35 reverse
split),  in  connection  with  the  change  in  control  of  the  Company.

NOTE  4-  EQUITY

Prior  to the 1-for-35 reverse stock split, the Company had outstanding warrants
to  purchase  an aggregate of 9,038,889 common shares at $15 per share.  Some of
these warrants were attached to shares of the Company's common stock in the form
of  units.  As  a  result  of  the  1-for-35 reverse stock split, these warrants
entitled  the holders thereof to purchase an aggregate of 258,254 shares at $525
per  share.  All  of  the warrants (including those comprising Units) expired on
April  10,  2010.

In  June  2010,  the Company sold 83,985 shares of common stock to an officer of
the  Company  and  to  a  former  director of the Company for $38,295 in private
transactions.

The  Company  issued  15,000  shares  valued  at  $15,150  to  an  individual as
compensation  for  consulting work.  In addition, on August 9, 2010, the Company
sold  7,692 shares of common stock to an individual in a private transaction for
$10,000.

NOTE  5  -  RELATED  PARTY  TRANSACTION

During 2008, the Company  agreed  to  pay  4350 Management, LLC, a related party
and  privately-held  company  owned  by  the  Company's  then  chief  executive
officer,  an  administrative  fee  of  $7,500  per  month  for  office space and
administrative,  technology  and  secretarial  services  from  the  effective
date  of  the  initial  public offering through the acquisition date of a target
business.  This  agreement was terminated March 31, 2008.  For 2008, $22,500 has
been  expensed  for the administrative fee of which the entire amount was unpaid
as of December 31, 2008. During 2009, $90,615 was advanced to the Company by the
related  party.  Payment of the entire amount outstanding, as well as $22,500 in
rent, was waived by the related party in December 2009 and has been reflected in
contributed  capital.
                                       F-12
<PAGE>
For  the  2010  calendar  year, the Company paid Great Western Holdings, Inc., a
wholly-owned  entity  of  two  family trusts of which Tim Wilkens, the Company's
CEO,  is  the  trustee,  an  aggregate of $55,785 for providing the Company with
certain limited office space in Napa, California.  No other executive officer or
director  has  a  relationship with or interest in Great Western Holdings.  This
office  space  arrangement was terminated on December 15, 2010.  The amount paid
to  Great  Western  Holdings,  Inc.  is  separate from, and not included in, the
amount  reflected  in  the  line  item  labeled  "Due to related parties" on the
Company's  balance  sheet  at  December  31,  2011.

Expenses  paid  on  behalf  of  the Company and funds contributed to the Company
through  the entity that holds a controlling interest in the Company are treated
as  contributed  capital  and reflected in additional paid-in capital.  $498,500
was  contributed  during  2010.

NOTE  6  -  RESERVES

The Company has provided a rental rate guarantee for a period of one year to the
purchaser  of  one  of  the  properties sold during the third quarter.  However,
because the property is currently rented at a price above the rate of the rental
guarantee,  and  the  current tenant has furnished a security deposit that would
apply  to any early termination of such lease and the Company's property manager
has  assured  the  Company that the property could be re-leased at an equivalent
price  in  a  short  time  frame,  the  Company  has  not  reserved against this
guarantee.  There  may  be  situations in the future, however, that will require
the  Company  to  reserve  against  similar  guarantees.

NOTE  7  -  REVENUE

Our  revenue  is  comprised  of  the  following:


                                        Year  ended      Period from May 11,
                                        December  31,  (inception) to December
                                           2010              31, 2010
     Revenues:

Gross  revenues  from  brokerage  sales  $   650,500     $        650,500

Cost  of  properties  sold                  (601,500)            (601,500)

Broker  commissions  (U.S.)                   (8,732)              (8,732)

Broker  commissions  (H.K.)                  (35,290)             (35,290)

Closing  costs                                (1,825)              (1,825)

Income  from  brokerage sales                  3,153                3,153
                                          -------------------------------
Asset  Management  Services:

Asset  management  fees                          151                  151

Property  leasing  fees                          626                  626
                                          -------------------------------
Brokerage  &  Fee  Income                      3,930                3,930

                                         F-13
<PAGE>
NOTE  8-GAIN  ON  SETTLEMENT  OF  DEBT

The  Company reached settlement with a certain service provider for $6,937 which
was  recorded  as  a  gain  on  settlement  of  debt  during  2009.

NOTE  9-  SUBSEQUENT  EVENTS

The  Company  issued  25,000  shares of its common stock, valued at $6,250 to an
individual  for  consulting work performed during the third and fourth quarters,
which  was  accrued  for,  and  an  additional 7,500 shares of its common stock,
valued  at  $5,625 for consulting work performed during the first quarter ending
March 31, 2011.  The consulting agreement with this individual was terminated on
February  15, 2011.  In addition, the Company issued 50,000 shares of its common
stock  as  payment  for  an  outstanding  payable  of  approximately  $24,700.


                                          F-14