----

----

| DELAWARE                                                      |   | 000-50413             |   | 98-0407797                        |
|---------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (Commission File No.) |   | (IRS Employee Identification No.) |

----

| Item 1. | Financial Statements                                              |  1  |
|---------|-------------------------------------------------------------------|----------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition |  10 |
| Item 3  | Quantitative and Qualitative Disclosures About Market Risk        |  11 |
| Item 4. | Control and Procedures                                            |  11 |
|    |                                                              |     |

|    |                                                        |  12 |
|---------|-------------------------------------------------------------|----------|
| Item 1  | Legal Proceedings                                           |  12 |
| Item 1A | Risk Factors                                                |  12 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |  12 |
| Item 3. | Defaults Upon Senior Securities                             |  12 |
| Item 4. | Removed and Reserved                                        |  12 |
| Item 5. | Other Information                                           |  12 |
| Item 6. | Exhibits                                                    |  12 |
|    |                                                        |  12 |

----

| ACE CONSULTING MANAGEMENT, INC.                                                      |   |
|--------------------------------------------------------------------------------------|--------|
| ( A Development Stage Company)                                                       |   |
| Balance Sheets                                                                       |   |
|                                                                                 |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |
|                                                                                 |   | March 31, 2011 |   |   | December 31, 2010 |   |
|                                                                                 |   | (Unaudited) |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |
|  ASSETS                                                                         |   |   |   |   |   |   |
|  CURRENT ASSETS:                                                                |   |   |   |   |   |   |
|   Cash                                                                     |   | $ | 19,929 |   |   | $ | 26,179 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
|     Total Current Assets                                         |   |   | 19,929 |   |   |   | 26,179 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
|      Total Assets                                           |   | $ | 19,929 |   |   | $ | 26,179 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
|  LIABILITIES AND STOCKHOLDERS' EQUITY                                           |   |   |   |   |   |   |   |   |
|  CURRENT LIABILITIES:                                                           |   |   |   |   |   |   |   |   |
|    Accrued expenses                                                   |   | $ | 1,775 |   |   | $ | 1,275 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
|     Total Current Liabilities                                    |   |   | 1,775 |   |   |   | 1,275 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
|  STOCKHOLDERS' EQUITY:                                                          |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |
|    Common stock at $0.001 par value: 50,000,000 shares authorized,    |   |   |   |   |   |   |   |   |
|      29,640,000 shares issued and outstanding, respectively |   |   | 29,640 |   |   |   | 29,640 |   |
|    Additional paid-in capital                                         |   |   | 1,460,110 |   |   |   | 1,460,110 |   |
|    Deficit accumulated during the development stage                   |   |   | (1,471,596 | ) |   |   | (1,464,846 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |
|      Total Stockholders' Equity                             |   |   | 18,154 |   |   |   | 24,904 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
|       Total Liabilities and Stockholders' Equity       |   | $ | 19,929 |   |   | $ | 26,179 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
|   See accompanying notes to the financial statements.                           |   |

----

| ACE CONSULTING MANAGEMENT, INC.                           |
|-----------------------------------------------------------|
| ( A Development Stage Company)                            |
| Statement of Operations                                   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |
|                                                      |   | For the Three Months |   |   | For the Three Months |   |   | For the Period fromSeptember 19, 2003 |   |
|                                                      |   | Ended |   |   | Ended |   |   | (inception) through |   |
|                                                      |   | March 31, 2011 |   |   | March 31, 2010 |   |   | March 31, 2011 |   |
|                                                      |   | (Unaudited) |   |   | (Unaudited) |   |   | (Unaudited) |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|  REVENUE                                             |   |  $ |                             - |   |   |  $ |                             - |   |   |  $ |                          8,000 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|  OPERATING EXPENSES:                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|    Professional fees                       |   |   |                      6,631 |   |   |   |                   11,215 |   |   |   |                        61,437 |   |
|    Compensation - Officers and directors   |   |   |                             - |   |   |   |                             - |   |   |   |                      260,100 |   |
|    Consulting fees                         |   |   |                             - |   |   |   |                 165,500 |   |   |   |                   1,155,500 |   |
|    General and administrative expenses     |   |   |                         119 |   |   |   |                     1,149 |   |   |   |                          2,559 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|      Total operating expenses    |   |   |                      6,750 |   |   |   |                 177,864 |   |   |   |                   1,479,596 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|  LOSS BEFORE TAXES                                   |   |   |                    (6,750) |   |   |   |                (177,864) |   |   |   |                  (1,471,596) |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|  INCOME TAXES                                        |   |   |                             - |   |   |   |                             - |   |   |   |                                  - |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|  NET LOSS                                            |   |  $ |                    (6,750) |   |   |  $ |                (177,864) |   |   |  $ |                  (1,471,596) |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|  NET LOSS PER COMMON SHARE                           |   |   |   |   |   |   |   |   |   |   |   |   |
|     - BASIC AND DILUTED:              |   |  $ |                      (0.00) |   |   |  $ |                      (0.05) |   |   |  $ |                           (0.43) |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|    Weighted common shares outstanding      |   |   |   |   |   |   |   |   |   |   |   |   |
|       - basic and diluted   |   |   |             29,640,000 |   |   |   |              3,813,658 |   |   |   |                   3,461,548 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|  See accompanying notes to the financial statements. |   |

----

| ACE CONSULTING MANAGEMENT, INC.                                                       |   |
|---------------------------------------------------------------------------------------|--------|
| ( A Development Stage Company)                                                        |   |
| Statement of Stockholders' Equity (Deficit)                                           |   |
| For the Period from September 19, 2003 (Inception) through March 31, 2011             |   |
| (Unaudited)                                                                           |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   | Deficit |   |   |   |   |
|                                                                                  |   | Common Stock, $0.001 Par Value |   |   | Additional |   |   | Accumulated during the |   |   | Total |   |
|                                                                                  |   | Number of |   |   |   |   |   | Paid-in |   |   | Development |   |   | Stockholders' |   |
|                                                                                  |   | Shares |   |   | Amount |   |   | Capital |   |   | Stage |   |   | Equity (Deficit) |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  September 19, 2003 (inception)                                                  |   |   | 100,000 |   |   | $ | 100 |   |   | $ | - |   |   | $ | - |   |   | $ | 100 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,050 | ) |   |   | (1,050 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Balance, December 31, 2003                                                      |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (1,050 | ) |   |   | (950 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,250 | ) |   |   | (1,250 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Balance, December 31, 2004                                                      |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (2,300 | ) |   |   | (2,200 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,650 | ) |   |   | (1,650 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Balance, December 31, 2005                                                      |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (3,950 | ) |   |   | (3,850 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,800 | ) |   |   | (1,800 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Balance, December 31, 2006                                                      |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (5,750 | ) |   |   | (5,650 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,250 | ) |   |   | (2,250 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Balance, December 31, 2007                                                      |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (8,000 | ) |   |   | (7,900 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (3,250 | ) |   |   | (3,250 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Balance, December 31, 2008                                                      |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (11,250 | ) |   |   | (11,150 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (3,250 | ) |   |   | (3,250 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Balance, December 31, 2009                                                      |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (14,500 | ) |   |   | (14,400 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Accrued expenses paid by stockholder                                            |   |   |   |   |   |   |   |   |   |   | 12,650 |   |   |   | - |   |   |   | 12,650 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Common stock issued for compensation at $0.05 per share on January 5, 2010 |   |   | 3,310,000 |   |   |   | 3,310 |   |   |   | 162,190 |   |   |   |   |   |   |   | 165,500 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Sale of common stock at $0.05 per shareon February 16, 2010                     |   |   | 1,230,000 |   |   |   | 1,230 |   |   |   | 60,270 |   |   |   |   |   |   |   | 61,500 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Common stock issued for compensation at $0.05 per share on June 14, 2010   |   |   | 25,000,000 |   |   |   | 25,000 |   |   |   | 1,225,000 |   |   |   |   |   |   |   | 1,250,000 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,450,346 | ) |   |   | (1,450,346 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Balance, December 31, 2010                                                      |   |   | 29,640,000 |   |   |   | 29,640 |   |   |   | 1,460,110 |   |   |   | (1,464,846 | ) |   |   | 24,904 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net loss                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (6,750 | ) |   |   | (6,750 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Balance, March 31, 2011                                                         |   |   | 29,640,000 |   |   | $ | 29,640 |   |   | $ | 1,460,110 |   |   | $ | (1,471,596 | ) |   | $ | 18,154 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to the financial statements.                                   |   |

----

| ACE CONSULTING MANAGEMENT, INC.                                |
|----------------------------------------------------------------|
| ( A Development Stage Company)                                 |
| Statement of Cash Flows                                        |
|                                                           |
|                                                           |   |   |   |   |   |   |   |   |   |   |
|                                                           |   | For the Three Months |   |   | For the Three Months |   |   | For the Period fromSeptember 19, 2003 |   |
|                                                           |   | Ended |   |   | Ended |   |   | (inception) through |   |
|                                                           |   | March 31, 2011 |   |   | March 31, 2010 |   |   | March 31, 2011 |   |
|                                                           |   | (Unaudited) |   |   | (Unaudited) |   |   | (Unaudited) |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|  CASH FLOWS FROM OPERATING ACTIVITIES:                    |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net loss                                                 |   |  $ |                        (6,750) |   |   |  $ |                   (177,864) |   |   |  $ |              (1,471,596) |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|  Adjustments to reconcile net loss to net cash            |   |   |   |   |   |   |   |   |   |   |   |   |
|    used in operating activities                 |   |   |   |   |   |   |   |   |   |   |   |   |
|    Stock based compensation                     |   |   |                                 - |   |   |   |                     165,500 |   |   |   |               1,415,600 |   |
|    Changes in operating assets and liabilities: |   |   |   |   |   |   |   |   |   |   |   |   |
|      Accrued expenses                 |   |   |                             500 |   |   |   |                     (13,400) |   |   |   |                      1,775 |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|  NET CASH USED IN OPERATING ACTIVITIES                    |   |   |                        (6,250) |   |   |   |                     (25,764) |   |   |   |                   (54,221) |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|  CASH FLOWS FROM FINANCING ACTIVITIES:                    |   |   |   |   |   |   |   |   |   |   |   |   |
|    Payment of accrued expenses by stockholder   |   |   |                                 - |   |   |   |                       12,650 |   |   |   |                    12,650 |   |
|    Proceeds from sale of common stock           |   |   |                                 - |   |   |   |                       61,500 |   |   |   |                    61,500 |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| NET CASH PROVIDED BY FINANCING ACTIVITIES                      |   |                                 - |   |   |   |                       74,150 |   |   |   |                    74,150 |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|  NET CHANGE IN CASH                                       |   |   |                        (6,250) |   |   |   |                       48,386 |   |   |   |                    19,929 |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|  Cash at beginning of period                              |   |   |                        26,179 |   |   |   |                                - |   |   |   |                              - |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|  Cash at end of period                                    |   |  $ |                        19,929 |   |   |  $ |                       48,386 |   |   |  $ |                    19,929 |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|  SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:       |   |   |   |   |   |   |   |   |   |   |   |   |
|    Interest paid                                |   |  $ |                                 - |   |   |  $ |                                - |   |   |  $ |                              - |   |
|    Income taxes paid                            |   |  $ |                                 - |   |   |  $ |                                - |   |   |  $ |                              - |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to the financial statements.            |

----

| 1. | ORGANIZATION AND OPERATIONS |
|----|-----------------------------|

| 2.   | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|----------------|--------------------------------------------|

|   | The company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

----

----

| 1.   | Transfers in and out of Levels 1 and 2. A reporting entity should disclose separately the amounts of significant transfers in and out of Level 1 and Level 2 fair value measurements and describe the reasons for the transfers. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Activity in Level 3 fair value measurements. In the reconciliation for fair value measurements using significant unobservable inputs (Level 3), a reporting entity should present separately information about purchases, sales, issuances, and settlements (that is, on a gross basis rather than as one net number). |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.   | Level of disaggregation. A reporting entity should provide fair value measurement disclosures for each class of assets and liabilities. A class is often a subset of assets or liabilities within a line item in the statement of financial position. A reporting entity needs to use judgment in determining the appropriate classes of assets and liabilities. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Disclosures about inputs and valuation techniques. A reporting entity should provide disclosures about the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring fair value measurements. Those disclosures are required for fair value measurements that fall in either Level 2 or Level 3. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3. | GOING CONCERN |
|----|---------------|

| 4. | STOCKHOLDERS’ EQUITY |
|----|----------------------------|

----

| 5. | RELATED PARTY TRANSACTIONS |
|----|----------------------------|

| 7. | SUBSEQUENT EVENTS |
|----|-------------------|

----

----

----

----

|                   | ACE CONSULTING MANAGEMENT, INC. |
|------------------------|---------------------------------|
|                   |                            |
| Date: May 4, 2011 | By:                   | /s/ Alex Jen |
|                   |                            | Chief Executive Officer |
|                   |                            | Chief Financial Officer |

----