----

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

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| Item 1.  | Financial Statements                                              | F-1 - F-12 |
|----------|-------------------------------------------------------------------|------------|
| Item 2.  | Management’s Discussion and Analysis of Financial Condition |  1    |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk        |  1    |
| Item 4T. | Control and Procedures                                            |  2    |

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

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| FINANCIAL STATEMENTS                                                                                                       | Page #  |
|----------------------------------------------------------------------------------------------------------------------------|---------|
|                                                                                                                       |    |
| Balance Sheets as of June 30, 2010 (Unaudited) and December 31, 2009                                                       | F-1     |
|                                                                                                                       |    |
| Statements of Operations for the Six and Three Months Ended June 30, 2010 and 2009 (Unaudited)                             | F-2-F-3 |
|                                                                                                                       |    |
| Statement of Stockholders’ Equity (Deficit) for the Period from September 19, 2003 (Inception) through June 30, 2010 | F-4     |
|                                                                                                                       |    |
| Statements of Cash flows for the Six Months Ended June 30, 2010 and 2009 (Unaudited)                                       | F-5     |
|                                                                                                                       |    |
| Notes to the Financial Statements (Unaudited)                                                                              | F-6     |

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|                                                                                                                             |   |         |       |   |             |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|--------------|------------|--------|------------------|--------|
| ASSETS                                                                                                                           |   |         |       |   |
|                                                                                                                             |   | June 30,2010 |       |   | December 31,2009 |   |
|                                                                                                                             |   | (Unaudited)  |       |   |             |   |
| Current Assets:                                                                                                                  |   |         |       |   |             |   |
| Cash                                                                                                                             |   | $            | 49,040     |   |             | $      | - |   |
| Total current assets                                                                                                             |   |         | 49,040     |   |             |   | - |   |
| TOTAL ASSETS                                                                                                                     |   | $            | 49,040     |   |             | $      | - |   |
|                                                                                                                             |   |         |       |   |             |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                   |   |         |       |   |             |
|                                                                                                                             |   |         |       |   |             |   |   |   |
| Current Liabilities:                                                                                                             |   |         |       |   |             |   |   |   |
| Accrued expenses                                                                                                                 |   | $            | 1,025      |   |             | $      | 14,400 |   |
|                                                                                                                             |   |         |       |   |             |   |   |   |
| Total Current Liabilities                                                                                                        |   |         | 1,025      |   |             |   | 14,400 |   |
|                                                                                                                             |   |         |       |   |             |   |   |   |
| Stockholders' Equity (Deficit):                                                                                                  |   |         |       |   |             |   |   |   |
| Common stock: $0.001 par value; 50,000,000 shares authorized; 29,640,000 and 100,000 shares issued and outstanding, respectively |   |         | 29,640     |   |             |   | 100 |   |
| Additional paid-in capital                                                                                                       |   |         | 1,460,110  |   |             |   | - |   |
| Deficit accumulated during the development stage                                                                                 |   |         | (1,441,735 | )      |             |   | (14,500 | ) |
| Total Stockholders’ Equity (Deficit)                                                                                       |   |         | 48,015     |   |             |   | (14,400 | ) |
|                                                                                                                             |   |         |       |   |             |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                       |   | $            | 49,040     |   |             | $      | - |   |

----

|                                                                                         |   |  For theSix Months EndedJune 30, 2010 |             |   |  For theSix Months EndedJune 30, 2009 |   |           | For thePeriod From September 19, 2003(Inception)throughJune 30, 2010 |   |
|----------------------------------------------------------------------------------------------|--------|--------------------------------------------|------------------|--------|--------------------------------------------|--------|----------------|----------------------------------------------------------------------|--------|
|                                                                                         |   |                                       |             |   |                                       |   |           |                                                                 |   |
| Revenues earned during the development stage                                                 |   | $                                          | 6,000            |   |                                       | $      | -              |                                                                 |   | $ | 6,000 |   |
|                                                                                         |   |                                       |             |   |                                       |   |           |                                                                 |   |   |   |   |
| Operating expenses:                                                                          |   |                                       |             |   |                                       |   |           |                                                                 |   |   |   |   |
|                                                                                         |   |                                       |             |   |                                       |   |           |                                                                 |   |   |   |   |
| Professional fees                                                                            |   |                                       | 15,946           |   |                                       |   | 1,000          |                                                                 |   |   | 30,346 |   |
| Stock Compensation                                                                           |   |                                       | 1,415,500        |   |                                       |   | -              |                                                                 |   |   | 1,415,600 |   |
| General and administrative                                                                   |   |                                       | 1,789            |   |                                       |   | -              |                                                                 |   |   | 1,789 |   |
|                                                                                         |   |                                       |             |   |                                       |   |           |                                                                 |   |   |   |   |
| Total operating expenses                                                                     |   |                                       | 1,433,235        |   |                                       |   | 1,000          |                                                                 |   |   | 1,447,735 |   |
|                                                                                         |   |                                       |             |   |                                       |   |           |                                                                 |   |   |   |   |
| Loss from operations                                                                         |   |                                       | (1,427,235       | )      |                                       |   | (1,000         | )                                                                    |   |   | (1,441,735 | ) |
|                                                                                         |   |                                       |             |   |                                       |   |           |                                                                 |   |   |   |   |
| Loss before income taxes                                                                     |   |                                       | (1,427,235       | )      |                                       |   | (1,000         | )                                                                    |   |   | (1,441,735 | ) |
|                                                                                         |   |                                       |             |   |                                       |   |           |                                                                 |   |   |   |   |
| Income tax provision                                                                         |   |                                       | -                |   |                                       |   | -              |                                                                 |   |   | - |   |
|                                                                                         |   |                                       |             |   |                                       |   |           |                                                                 |   |   |   |   |
| Net loss                                                                                     |   | $                                          | (1,427,235       | )      |                                       | $      | (1,000         | )                                                                    |   | $ | (1,441,735 | ) |
|                                                                                         |   |                                       |             |   |                                       |   |           |                                                                 |   |   |   |   |
| Net loss per common share –       basic and diluted |   | $                                          | (0.22            | )      |                                       | $      | (0.01          | )                                                                    |   | $ | (2.56 | ) |
| Weighted average number of common shares outstanding – basic and diluted               |   |                                       |   6,395,635 |   |                                       |   |   100,000 |                                                                 |   |   |   563,897 |   |
|                                                                                         |   |                                       |             |   |                                       |   |           |                                                                 |   |   |   |   |

----

|                                                                                         |   |  For theThree Months EndedJune 30, 2010 |             |   | For theThreeMonths EndedJune 30,2009 |   |
|----------------------------------------------------------------------------------------------|--------|----------------------------------------------|------------------|--------|--------------------------------------|--------|
|                                                                                         |   |                                         |             |   |                                 |   |
| Revenues earned during the development stage                                                 |   | $                                            | 6,000            |   |                                 | $      | - |   |
|                                                                                         |   |                                         |             |   |                                 |   |   |   |
| Operating expenses:                                                                          |   |                                         |             |   |                                 |   |   |   |
|                                                                                         |   |                                         |             |   |                                 |   |   |   |
| Professional fees                                                                            |   |                                         | 5,346            |   |                                 |   | 500 |   |
| Stock Compensation                                                                           |   |                                         | 1,250,000        |   |                                 |   | - |   |
| General and administrative                                                                   |   |                                         | 25               |   |                                 |   | - |   |
|                                                                                         |   |                                         |             |   |                                 |   |   |   |
| Total operating expenses                                                                     |   |                                         | 1,255,371        |   |                                 |   | 500 |   |
|                                                                                         |   |                                         |             |   |                                 |   |   |   |
| Loss from income taxes                                                                       |   |                                         | (1,249,371       | )      |                                 |   | (500 | ) |
|                                                                                         |   |                                         |             |   |                                 |   |   |   |
| Income tax provision                                                                         |   |                                         | -                |   |                                 |   | - |   |
|                                                                                         |   |                                         |             |   |                                 |   |   |   |
| Net Loss                                                                                     |   | $                                            | (1,249,371       | )      |                                 | $      | (500 | ) |
|                                                                                         |   |                                         |             |   |                                 |   |   |   |
| Net loss per common share –       basic and diluted |   | $                                            | (0.14            | )      |                                 | $      | (0.01 | ) |
| Weighted average number of common shares outstanding – basic and diluted               |   |                                         |   9,035,604 |   |                                 |   |   100,000 |   |

----

|                                                                                      |   |   Common Shares |       |   |    Amount |   |   |  Additional Paid-in Capital |   |   | DeficitAccumulatedDuring theDevelopmentStage |   |   | Total Stockholders’ Equity(Deficit) |       |
|-------------------------------------------------------------------------------------------|--------|---------------------------|------------|--------|--------------------------|--------|--------|----------------------------------|--------|--------|----------------------------------------------|--------|--------|-------------------------------------------|------------|
|                                                                                      |   |                      |       |   |                     |   |   |                             |   |   |                                         |   |   |                                      |       |
| September 23, 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 |   |
|                                                                                      |   |                      |       |   |                     |   |   |                             |   |   |                                         |   |   |                                      |       |   |   |   |   |   |
| 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 share on February 16, 2010             |   |                      | 1,230,000  |   |                     |   | 1,230  |                             |   |   | 60,270                                       |   |   |                                      | -          |   |   |   | 61,500 |   |
|                                                                                      |   |                      |       |   |                     |   |   |                             |   |   |                                         |   |   |                                      |       |   |   |   |   |   |
| Stock issued for compensation   valued at $0.05 per share on June 14, 2010 |   |                      | 25,000,000 |   |                     |   | 25,000 |                             |   |   | 1,225,000                                    |   |   |                                      | -          |   |   |   | 1,250,000 |   |
|                                                                                      |   |                      |       |   |                     |   |   |                             |   |   |                                         |   |   |                                      |       |   |   |   |   |   |
| Net loss                                                                                  |   |                      |       |   |                     |   |   |                             |   |   |                                         |   |   |                                      | (1,427,235 | ) |   |   | (1,427,235 | ) |
| Balance, June 30, 2010                                                                    |   |                      | 29,640,000 |   |                     | $      | 29,640 |                             |   | $      | 1,460,110                                    |   |   | $                                         | (1,441,735 | ) |   | $ | 48,015 |   |
|                                                                                      |   |                      |       |   |                     |   |   |                             |   |   |                                         |   |   |                                      |       |   |   |   |   |   |
| See accompanying notes to the financial statements.                                       |   |

----

|                                                                        |   |  SixMonthsendedJune 30, 2010 |       |   |  SixMonthsendedJune 30, 2009 |   |   | Period fromSeptember 19,2003 (Inception)throughJune 30,2010 |   |
|-----------------------------------------------------------------------------|--------|-----------------------------------|------------|--------|-----------------------------------|--------|--------|-------------------------------------------------------------|--------|
| Cash Flows From Operating Activities:                                       |   |                              |       |   |                              |   |   |                                                        |   |
| Net loss                                                                    |   | $                                 | (1,427,235 | )      |                              | $      | (1,000 | )                                                           |   | $ | (1,441,735 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                              |       |   |                              |   |   |                                                        |   |   |   |   |
| Stock based compensation                                                    |   |                              | 1,415,500  |   |                              |   | -      |                                                        |   |   | 1,415,600 |   |
| Changes in operating assets and liabilities:                                |   |                              |       |   |                              |   |   |                                                        |   |   |   |   |
| Increase (decrease) in accrued expenses                                     |   |                              | (725       | )      |                              |   | 1,000  |                                                        |   |   | 13,675 |   |
| Net cash used in operating activities                                       |   |                              | (12,460    | )      |                              |   | -      |                                                        |   |   | (12,460 | ) |
|                                                                        |   |                              |       |   |                              |   |   |                                                        |   |   |   |   |
| Cash Flows From Financing Activities:                                       |   |                              |       |   |                              |   |   |                                                        |   |   |   |   |
|                                                                        |   |                              |       |   |                              |   |   |                                                        |   |   |   |   |
| Proceeds from sale of common stock                                          |   |                              | 61,500     |   |                              |   | -      |                                                        |   |   | 61,500 |   |
| Net cash provided by financing    activities            |   |                              | 61,500     |   |                              |   | -      |                                                        |   |   | 61,500 |   |
|                                                                        |   |                              |       |   |                              |   |   |                                                        |   |   |   |   |
| Net increase in cash                                                        |   |                              | 49,040     |   |                              |   | -      |                                                        |   |   | 49,040 |   |
|                                                                        |   |                              |       |   |                              |   |   |                                                        |   |   |   |   |
| Cash at beginning of period                                                 |   |                              | -          |   |                              |   | -      |                                                        |   |   | - |   |
|                                                                        |   |                              |       |   |                              |   |   |                                                        |   |   |   |   |
| Cash at end of period                                                       |   | $                                 | 49,040     |   |                              | $      | -      |                                                        |   | $ | 49,040 |   |
|                                                                        |   |                              |       |   |                              |   |   |                                                        |   |   |   |   |
| Supplemental disclosures of cash flow   information          |   |                              |       |   |                              |   |   |                                                        |   |   |   |   |
| Interest paid                                                               |   | $                                 | -          |   |                              | $      | -      |                                                        |   | $ | - |   |
| Income taxes paid                                                           |   | $                                 | -          |   |                              | $      | -      |                                                        |   | $ | - |   |

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|                    | ACE CONSULTING MANAGEMENT, INC. |
|-------------------------|---------------------------------|
|                    |                            |
| Date: October 25 , 2010 | By:                   | /s/ Alex Jen |
|                    |                            | Chief Executive Officer |
|                    |                            | Chief Financial Officer |