UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-KSB
    (Mark One)

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

         For the fiscal year ended December 31, 2005 or

[ ]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 [No Fee Required]

               For the transition period from ________ to _______

Commission file number: 1-14088

                            Gibbs Construction, Inc.
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             (Exact name of registrant as specified in its charter)

            Texas                                75-2095676
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     (State or other jurisdiction         (I.R.S. Employer Identification No.
     of incorporation or organization)

1515 East Silver Springs Blvd. - Suite 118.4, Ocala FL        34470
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       (Address of principal executive offices)            (Zip Code)

Issuer's telephone number: (352) 351-4333

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

Title of each class                   Name of each exchange on which registered

-----------------------------------   -----------------------------------------


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

                                  Common Stock
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                                (Title of Class)

         Indicate by check and mark whether registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act during the past
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 [ ] No [X]

         Indicate by check mark if there is no disclosure of delinquent filers
in pursuant to Item 405 of Regulation S-K is not contained in this form, 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 Form
10-K or any amendment to this Form 10-K. Yes [ ] No [X]

         State issuer's revenues for its most recent fiscal year. $0

         State the aggregate market value of the voting stock held by
non-affiliates of the registrant. The aggregate market value shall be computed
by reference to the price at which the stock was sold, or the average bid and
asked price, as of a specified date within 60 days prior to the date of filing
$0 As of November 15, 2006.

         State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date: 8,060,000.



<PAGE>


Item 1.  Description of Business

Background

         Gibbs Construction, Inc. commenced business in 1984 and grew to a full
service, national commercial construction company, completing an initial public
offering of its Common Stock to the public in January, 1996. In April, 2000,
Gibbs Construction, Inc. filed for protection under Chapter 11 of the United
States Bankruptcy Code following the filing for similar protection of the
Company's largest client, Just for Feet, and following the incursion of
significant losses on several small hotels and other projects.

         Prior to filing for protection under the United States Bankruptcy Code
in April 2000, Gibbs Construction, Inc. had 4,060,000 shares of Common Stock
issued and outstanding. As part of the reorganization proceeding, all options or
warrants to purchase securities of Gibbs Construction, Inc. were canceled and
certain assets of Gibbs Construction, Inc., consisting principally of
receivables from projects that were being completed while Gibbs Construction,
Inc. was operating under the protection of the Bankruptcy Court, were placed
into a liquidating trust for the benefit of certain creditors. Gibbs
Construction, Inc. also committed to issue to the same trust 501,000 shares of
Common Stock. One creditor was to receive 1,000,000 shares of Preferred Stock
that was not convertible, which had the right to receive a 6% dividend in
certain circumstances, did not have any voting rights but did have a liquidation
preference of $200,000.

         As part of the plan of reorganization, however, Gibbs Construction,
Inc. committed to acquire the existing contracts, of which there was one, and
work in progress of Thacker Asset Management LLC ("TAM") together with certain
furniture, fixtures and equipment in exchange for 4,000,000 shares of Common
Stock. Accordingly, on November 10, 2000, the effective date of its plan of
reorganization, the Company transferred all of its assets and liabilities to the
Gibbs Construction, Inc. Creditor Trust, the company then had an aggregate of
8,561,000 shares of Common Stock issued and outstanding or reserved for
issuance, had limited assets and liabilities, was committed to issue 1,000,000
shares of Preferred Stock, had no options or warrants to purchase securities
outstanding, and had committed to purchase certain assets of TAM.

         TAM's operations were not successful, and all operating activities
ceased in 2002. The Company did not obtain a court ordered final decree from the
bankruptcy court due to the difficulties encountered with the implementation of
the re-organization plan. On June 26, 2006, the bankruptcy trustee requested and
received an Order for Final Decree. The 501,000 shares of common stock issued to
the Trust were abandoned and returned to the Company on October 5, 2006 and have
been cancelled.

         On August 15, 2006, Steven L. Sample acquired for $50,000, 4,000,000
shares, or 46.7%, of the 8,561,000 issued and outstanding shares of Common Stock
of the registrant from TAM and its associates. In addition, in consideration of
expenses of the corporation paid by Mr. Sample, including the costs associated
with completing the bankruptcy proceedings and costs to arrange for the
Company's SEC filings to be brought current, the registrant agreed to issue to
Mr. Sample an additional 8,117,500 shares of Common Stock and 500,000 shares of
preferred stock. For the assistance of a principal of the entity owning Thacker
Asset Management, LLC, Baker #1, Ltd., the registrant agreed to issue to that
principal 25,000 shares of preferred stock and 450,000 shares of Common Stock.

         To fulfill its obligations under this agreement, the registrant's board
of directors has recommended that its stockholders amend its corporate charter
to increase the number of authorized shares of Common Stock to 150,000,000 and
agreed to create and establish a series of preferred stock. The distinguishing
feature of the preferred stock is that each share has 50 votes, but if Mr.
Sample or the other recipient transfers the shares to any other entity other
than for estate planning purposes, the shares automatically convert on a share
for share basis to Common Stock and, in any event, automatically convert to
Common Stock upon the death of either recipient. Mr. Sample will hold the right
to vote all such shares to be issued for a period of nine years. Further, the
creditor that received the commitment for 1,000,000 shares of preferred stock
has agreed, upon implementation of the above amendments, to receive in lieu
thereof 100,000 shares of post-split common stock.

         In connection with the Company's capital restructuring, the Company
plans to change its name to Acacia Automotive, Inc.

<PAGE>

Contemplated Business

         The Company's prime objective is to acquire going and functioning
profitable automotive auctions with a trailing record of financial success,
focusing on whole vehicle automobiles and light trucks. Whole vehicle refers to
vehicles that are generally in good repair, are roadworthy and operate under
their own power as opposed to salvage units, that is, damaged vehicles that are
considered total losses for insurance or business purposes. In addition, the
Company believes that if the acquired auction or auctions do not service the
boat, recreational or motor home segments or the medium and heavy duty truck and
equipment segments, it will seek to add one or more of those services to the
auction's activities, assuming the local market will support such additional
services.
         The Company anticipates that its first acquisition of an automobile
auction will constitute the basis services rendered by the Company. At present,
the Company has not entered into any negotiations with potential automobile
auctions. The Company will have to raise cash to acquire existing automobile
auctions, probably through the sale of Common Stock.

Industry

         Automotive auctions are the hub of a massive redistribution system for
used vehicles and equipment. These auctions enable commercial and institutional
customers and selling dealers to easily dispose of their used vehicles to
franchised, independent, and wholesale used vehicle and equipment dealers. The
auction's responsibility is to maximize the selling price obtained for clients'
used vehicles and equipment, efficiently transfer the physical and
administrative ownership of the units (including the preparation and transfer of
certificates of title and other evidence of ownership), and transfer funds
resulting from the buy/sell transactions as quickly as possible from the buyers
to the sellers. The auction promotes its services to a large number of dealers
seeking to restock their inventories for resale opportunities. Auctions are
traditionally held weekly, if not more frequently, at the various locations to
accommodate the needs of buyers and sellers in diverse segments of the industry.
During the process, auctions do not generally take title to or ownership of the
vehicles consigned for sale, but instead facilitate the transfer of vehicle
ownership directly from seller to buyer, and in so doing they generate fees from
the buyer and from the seller. In addition to these "buy/sell" fees, the
auctions can generate substantial revenues by providing other services to
clients, including: vehicle appearance reconditioning (detailing) services;
paint and body repair; paintless dent repair (PDR); glass repair and
replacement; key replacement; upholstery repair; minor mechanical repair; title
services; sales of tires, batteries and accessories (TBA); marshaling
(controlled storage) and inspection services, inbound and outbound
transportation and delivery services, and more. In most instances, customers may
also purchase each of these value-added services separately and directly from
the auction in addition to having these services performed to units enrolled in
the normal vehicle auction process.
         The total number of vehicles offered for sale, and the total number of
vehicles sold allow for determination of the total and per unit costs incurred
and fees generated by the process. An important measure to the results of the
used vehicle auction process is the conversion percentage, which represents the
number of vehicles sold as a percentage of the vehicles offered for sale. In
general, a high sales volume and conversion percentage efficiency at an auction
converts to increased fees, lower costs, and greater profit opportunities. Auto
auctions can also provide additional services to their clients, often including:
(1) In-house services, such as: processing, advertising and marketing of the
vehicles to be offered for sale; registration of new dealers and clients;
processing of sale proceeds and other funds; handling arbitration disputes from
the auction sale/purchase process; preparation of and transmittal of vehicle
condition reports; security services for client inventories; creation and
distribution of sales and marketing reports; as well as the actual sale of
vehicles by licensed auctioneers; (2) Internet-based solutions, including
on-line bulletin board auctions and on-line live auctions that are simulcast in
real-time in cooperation with the actual physical auctions; and, (3) title
processing and other paperwork administration and ancillary services.

Competition

         The Company anticipates competing principally by service. Management of
the Company believes that service is one keystone upon which auto auctions are
routinely measured, and has identified and made the practical execution of a
<PAGE>

high level of service to its clients an integral part of its business and
operating plans.
         The industry served by the Company is highly competitive across the
entire United States and Canada. It is anticipated that any of our acquisition
targets would potentially compete with a variety of knowledgeable and
experienced companies. The Company will attempt to commence its operations with
an acquisition in Florida, but there is no assurance it will be able do so. The
main competitors in Florida and the rest of the United States are: (1) Manheim
Auto Auctions: Manheim, a privately-held subsidiary of Cox Enterprises, has some
eleven auctions in Florida and approximately 86 auto auctions throughout the
country. Manheim owns several of the country's largest auction facilities, and
management considers them to be very competitive and the leader in technological
processes and Internet marketing capabilities. (2) ADESA Auto Auctions: ADESA
(NYSE:KAR) is the second-largest auto auction company in North America with
approximately 54 auctions. They operate some 40 auctions in the United States
and 14 in Canada. The Company's Management believes that ADESA's technological
processes and Internet marketing capabilities, while lagging those of Manheim,
are nonetheless formidable. ADESA operates four whole-car auctions in Florida,
but management does not believe that ADESA has a strong presence compared to its
competition in that state. (3) Auction Broadcasting Company (ABC): ABC owns and
operates approximately seven auctions nationally with one in the state of
Florida. While not nearly so large in their technological processes and Internet
marketing capabilities as Manheim or ADESA, ABC has worked to develop a diverse
model from its competitors. It has developed studios in which buyers may bid on
vehicles from a comfortable setting in a lounge-type environment. Management
does not believe that ABC will gain a substantially greater position in the
traditional auction arena marketplace, and in fact may be reducing the size of
its brick and mortar operations in favor of moving deeper into the Internet and
technology side of the business. (4) independent auto auctions: There are at
least ten independent auto auctions operating in Florida, and it is believed
that there are many more. While some independent auctions are highly competitive
and aggressive, most are not considered to be serious contenders. (5) "mobile"
auctions: There are several companies that operate "mobile" auctions. Their
plans primarily entail engaging larger dealerships to periodically host
"on-site" auctions that utilize these companies' auctioneering and
administrative services. Management does not believe these smaller independent
mobile auctions are a substantial threat to our operations and will not likely
become so under their present business models.
         All our competitors will be seeking the same or similar clients to
those targeted by our planned operations in every state in which we may seek to
operate, many of which presently have significantly greater financial,
technical, marketing and other resources than our Company. Our Company expects
that it will face additional competition from existing competitors and new
market entrants in the future. The principal competitive factors in our markets
will emanate from the larger national companies and will include: (i) brand name
recognition of competitors; (ii) larger, more modern, and better-equipped
facilities; (in) superior Internet system engineering and technological
expertise; (iv) more extensive staffs of experienced management and support
personnel; (v) broader geographic presence; (vi) greater financial resources;
(vii) introductions of new and enhanced services and products; and, (viii)
greater variety of services offered. We will have no control over how successful
our competitors are in addressing these factors. Increased competition can
result in price reductions, reduced gross margins and loss of market share, any
of which could harm our net revenue and results of operations. The Company will
rely upon its ability to offer the same or similar services as the competition,
but with a higher level of service and customer satisfaction.
         The prices to be charged by any auction the Company may acquire will
generally be reflective of the competitive pricing in its local marketplace.
Some of these local markets may face competitive pressures from national
automobile auction chains such as ADESA and Manheim which have size, financial
and market strengths the Company lacks.

Employees

         The company currently has two employees, Steven L. Sample, its Chief
Executive Officer, and Tony Moorby, its President and Chief Operating Officer.
If the Company is successful in raising the capital required to implement its
plan, and subsequently is successful in making one or more acquisitions of
operating auto auctions, it will acquire the employees of any acquisition. A
given automobile auction will employ both full and part-time personnel and the
number of employees may vary from as few as 10 to as many as 200. The
approximate size of our target auctions may more likely lie within the range of
40 to 100 employees.
<PAGE>

         The parent company, upon any successful course of acquiring auctions,
would need to expand its staff to implement the controls necessary to manage a
larger organization. This would likely result in the need for a Chief Financial
Officer, as well other officers and managers and basic support personnel The
Company will undertake to operate with the smallest corporate management staff
possible so as to maintain the lowest overhead possible while still effecting
sufficient management processes to properly guide the company.

Item 2. Description of Property.

         The Company currently leases its principal offices at the address shown
in Item #1 above on a one year lease, renewable, which expires on May 31, 2007.
The company currently pays a monthly lease payment of $468.60. Upon success of
the Company's efforts to raise capital, to acquire auto an auction or auctions
and to otherwise implement its business plans, it anticipate that additional
office space could be required. The Company is likely to continue to maintain a
separate office as a focal point for the future in anticipation of additional
acquisitions. It may also find it necessary to move and/or enlarge its leased
office space as a result of any acquisition and its location. Item 3. Legal
Proceedings

         On June 26, 2006, the United States Bankruptcy Court for the Northern
District of Texas, Dallas Division closed the registrant's case following an
application for Final Decree. Item 4. Submission of Matters to a Vote of
Security Holders

      None

                                     PART II

Item 5. Market for Common Equity and Related Stockholder Matters.

         There is no public trading market for the Company's Common Stock.
         As of November 1, 2006, the Company had approximately 40 stockholders
of record.
         Holders of common stock are entitled to receive dividends as may be
declared by our board of directors and, in the event of liquidation, to share
pro rata in any distribution of assets after payment of liabilities. The board
of directors has sole discretion to determine: (i) whether to declare a
dividend; (ii) the dividend rate, if any, on the shares of any class of series
of our capital stock, and if so, from which date or dates; and (iii) the
relative rights of priority of payment of dividends, if any, between the various
classes and series of our capital stock. We have not paid any dividends and do
not have any current plans to pay any dividends.
         The Company has no compensation plans.

Item 6. Management's Discussion and Analysis or Plan of Operations.

         For each of the fiscal years ended December 31, 2003, 2004, and 2005,
the Company had no operations, income, expenses, assets or liabilities or other
activity. With the funding by Mr. Sample of the costs of completing the
Company's bankruptcy proceeding, which was completed in June 2006, Mr. Sample
commenced a plan to revive the Company by acquiring automobile auctions. This
plan required the funding by Mr. Sample of certain Company debts which, although
discharged in the bankruptcy proceeding, required payment to commence operating
as a public entity. Further, the revival of the Company as a public entity
required substantial expenditures for legal and accounting fees, among other
costs.
         The implementation of Mr. Sample's plan required the reorganizing of
the Company's capital structure, a plan that is anticipated to be completed in
the early Winter of 2006, 2007. Simultaneously, it required the raising of
additional capital, a process which is anticipated to be completed in early
2007. With the additional capital, the Company will attempt to acquire
automobile auctions. The plan for an acquired auction or auctions will depend
upon the auction or auctions acquired. The Company will not hold any discussions
with any potential auction to be acquired until the Company has completed the
reorganizing of its capital structure. See Item 1. - Description of Business.
<PAGE>

         Without a successful raising of additional capital of at least
$1,000,000, the Company will not be able to commence operations.

Item 7. Financial Statements and Supplementary Data.

         The response to this item is submitted as a separate section of this
Form 10-K. See "Item 13. Exhibits, Financial Statements and Reports on Form
8-K."

Item 8. Changes in and Disagreements With Accountants on Accounting and
Financial Disclosure.

         None

ITEM 8A. CONTROLS AND PROCEDURES.

Annual Evaluation of Our Disclosure Controls and Internal Controls

         Within the 90 days prior to the date of this Annual Report on Form
10-KSB, management evaluated the effectiveness of the design and operation of
the Company's disclosure controls and procedures and the internal controls and
procedures for financial reporting. This controls evaluation was done under the
supervision and with the participation of the Chief Executive Officer (CEO) and
Chief Financial Officer (CFO), both offices being performed by Steven L. Sample.
Following are the conclusions of Mr. Sample, acting as the Company's CEO and the
CFO, with respect to the effectiveness of our disclosure controls and internal
controls as of November 15, 2006.

CEO and CFO Certifications

         Appearing immediately following the Signatures section of this Annual
Report on Form 10-KSB there are certifications of the CEO and the CFO. The
certifications are required in accordance with Section 302 of the Sarbanes-Oxley
Act of 2002. This section of the Annual Report is the information concerning the
controls evaluation referred to in the Section 302 certifications and this
information should be read in conjunction with the Section 302 certifications
for a more complete understanding of the topics presented.

Disclosure Controls and Internal Controls

         Disclosure controls are procedures that are designed with the objective
of ensuring that information required to be disclosed in reports filed under the
Securities Exchange Act of 1934, or the Exchange Act, such as this Annual
Report, is recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms. Disclosure controls are also designed
with the objective of ensuring that such information is accumulated and
communicated to management, including the CEO and CFO, as appropriate to allow
timely decisions regarding required disclosure. Internal controls are procedures
which are designed with the objective of providing reasonable assurance that the
Company's transactions are properly authorized, its assets are safeguarded
against unauthorized or improper use and transactions are properly recorded and
reported, all to permit the preparation of the Company's financial statements in
conformity with generally accepted accounting principles.

Scope of the Controls Evaluation

         The evaluation of our disclosure controls and our internal controls by
our CEO and our CFO included a review of all previously existing controls as
well as those recently implemented by the Company and the effect of the controls
on the information generated for use in this Annual Report on Form 10-KSB. In
the course of the controls evaluation, management sought to identify data
errors, controls problems or acts of fraud and to confirm that appropriate
corrective action, including process improvements, were being undertaken. The
internal controls are also evaluated on an ongoing basis by the Company's
independent auditors in connection with their audit and review activities. The
overall goals of these various evaluation activities are to monitor the
Company's disclosure controls and internal controls and to make modifications as
necessary, with the intent being that the disclosure controls and the internal
controls will be maintained as dynamic systems that change (including with
improvements and corrections) as conditions warrant. Among other matters,
management sought in its evaluation to determine whether there were any
"significant deficiencies" or "material weaknesses" in the Company's internal
controls, or whether any acts of fraud involving personnel who have a
significant role in the internal controls were identified. This information was
important both for the controls evaluation generally and because Items 5 and 6
in the Section 302 certifications of the CEO and the CFO require that the CEO
and the CFO disclose such information to the Company's Board of Directors, which
acts as the Company's Audit Committee, and to the independent auditors and to
report on related matters in this section of the Annual Report on Form 10-KSB.
In the professional auditing literature, "significant deficiencies" are referred
to as "reportable conditions." These are control issues that could have a
significant adverse effect on the ability to record, process, summarize and
report financial data in the financial statements. A "material weakness" is
defined in the auditing literature as a particularly serious reportable
condition where the internal control does not reduce to a relatively low level
the risk that misstatements caused by error or fraud may occur in amounts that
would be material in relation to the financial statements and not be detected
within a timely period by employees in the normal course of performing their
assigned functions. Management also sought to deal with other controls matters
in the controls evaluation and, in each case if a problem was identified, to
consider what revision, improvement and/or correction to make in accordance with
ongoing procedures.

Conclusions

         Based upon the controls evaluation, Mr. Sample, acting as the Company's
CEO and CFO has concluded that the Company's disclosure controls are effective
to ensure that material information relating to the Company is made known to
management particularly during the period when the Company's periodic reports
are being prepared, and that the Company's internal controls are effective to
provide reasonable assurance that the Company's financial statements are fairly
presented in conformity with generally accepted accounting principles. Further,
since the date of the controls evaluation to the date of this Annual Report,
there have been no significant changes in internal controls or in other factors
that could significantly affect internal controls, including any corrective
actions with regard to significant deficiencies and material weaknesses.

ITEM 8B.  OTHER INFORMATION.

      Not applicable




<PAGE>




                                    PART III

Item 9 Directors, Executive Officers, Promoters and Control Persons; Compliance
With section 16(a) of the Exchange Act.

Executive Officers and Directors

         The directors and executive officers of the Company, and their
respective ages, as of November 15, 2006, and positions held with the Company,
are as follows:

   Name              Age      Position

Steven L. Sample     59       Director, Chairman of the Board, and
                                        Chief Executive Officer

Tony Moorby          58       Director, President and Chief Operating Officer

Linda M. Myers.      52       Director and Secretary

Danny Gibbs          49       Director

         Mr. Sample became a director and officer of the Company in August 2006.
From January 2004 through December 2005, he served as Executive Director of
Sales for ADESA Corporation, a firm that operates automobile auctions throughout
the United States and Canada. From January 2002 through December 2003, he was
the General Sales Manager of ADESA's Ocala Florida Auto Auction. From September
1990 through December 2001, he was employed by Mid-America Auto Auction, an
entity acquired by Manheim Auctions in 2000, with Mr. Sample eventually serving
as General Sales Manager.

         Mr. Moorby joined the Company in November 2006 when he was named as a
director and as President and Chief Operating Officer. Beginning in February
2006 he was a Principal of Tony Moorby & Associates, an automotive consultant
firm and in June 2006 became a member of Board of Trustees, National Independent
Automobile Dealers' Association (NIADA). From February 2002 through February
2006, he was Managing Partner of Flying Lion Dealer Services, a dealer services
business, and from October 2000 through October 2002 he was Executive Vice
President of ADESA Corp where he was responsible for corporate development. From
January 1997 through October 2000 he was President and Chief Executive Officer
of ADT Automotive, an automobile auction company with 28 outlets which was sold
to Manheim Auctions in October 2000.

         Ms. Myers became a director and officer of the Company in November
2000. Beginning in November 2003 she was Vice President of BenchMark Management,
LLC, a provider of administrative services and property investments.

         Mr. Gibbs, a co-founder of Gibbs Construction, Inc. served as its
president, general manager, director, and chief financial officer until November
2000 when the Company's assets and liabilities were transferred to a receiver in
bankruptcy. The Company's bankruptcy also resulted in Mr. Gibbs's personal
bankruptcy. From January 2000 through December 2003, Mr. Gibbs was a Senior
Project Manager for Thacker Operating Company responsible for estimating costs
of construction projects, managing and overseeing them. Beginning in January
2004 he became a Senior Project Manager for Dimensional Construction, Inc. with
similar responsibilities.

Committees of the Board of Directors

         The Company presently does not have a separately-designated Audit
Committee, but management of the Company plans to ask the Company's Board of
Directors to establish an Audit Committee and a Compensation Committee, each
consisting of at least two directors, none of whom will be an officer or
employee of the Company. The duties of the Audit Committee will be to recommend
to the entire Board of Directors the selection of independent certified public
accountants to perform an audit of the financial statements of the Company, to
review the activities and report of the independent certified public
accountants, and to report the results of such review to the entire Board of
Directors. The Audit Committee will also monitor the internal controls of the
<PAGE>

Company. The duties of the Compensation Committee will be to provide a general
review of the Company's compensation and benefit plans to ensure that they meet
corporate objectives and to administer or oversee the Company's Stock Option
Plan and other benefit plans. In addition, the Compensation Committee will
review the compensation of officers of the Company and the recommendations of
the Chief Executive Officer on (i) compensation of all employees of the Company
and (ii) adopting and changing major Company compensation policies and
practices. Except with respect to the administration of the Stock Option Plan,
the Compensation Committee will report its recommendations to the entire Board
of Directors for approval.

         Each director will hold office until the next Annual Meeting of
Shareholders and until such time as his successor is elected and qualified,
subject to prior removal by the shareholders of the Company in accordance with
the Bylaws of the Company. The officers of the Company serve at the discretion
of the Board of Directors of the Company.

Code of Ethics

         Given that the Company has not had operations for the last several
years, the Company has not adopted a Code of Ethics for the principal executive
officer, principal financial officer, or principal accounting officer or
controller.

Item 10 Executive Compensation.

         For the fiscal years ended December 31, 2003, 2004 and 2005, the
Company did not pay any of its executive officers. Mr. Sample anticipates that
he will be paid an annual salary of $150,000 following completion of the
Company's funding. Mr. Moorby's compensation is anticipated to be an annual
salary of $201,000.

Director Compensation

         Directors of the Company presently serve without compensation.

Benefit Plans

         As part of the reorganization proceeding in bankruptcy, all stock
option plans and warrants were cancelled. Accordingly, the Company has no stock
related benefit plans. The Company does, however, anticipate implementing an
incentive stock option plan or plans in 2007 as well as a plan or plans that
would grant options to non-employees, consultants and directors.

Section 16(a) Beneficial Ownership Reporting Compliance.
         The Company anticipate the filing of Section 16 Reports for its new
officers and directors in December 2006.

Item 11 Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters.

         The following table sets forth as of November 30, 2006, the ownership
of Common Stock by (i) each person known by the Company to be the beneficial
<PAGE>

owner of more than five percent of the Company's Common Stock, (ii) the Selling
Stockholder, (iii) each director of the Company, and (iv) all directors and
officers as a group. Except as otherwise indicated, each stockholder identified
in the table possesses sole voting and investment power with respect to its or
his shares.


                                                Shares Owned
Name and Address of                          No. of
Beneficial Owner                             Shares             Percent

Steven L. Sample                            4,000,000            49.6%
Danny Gibbs                                   500,000             6.2%
Tony Moorby                                         -              -
Linda M. Myers(1)                                   -              -

L. Palmer Sample                              500,000             6.2%
3922 SW 103rd Lane
Ocala, FL  34476

C. Scott Sample                               500,000             6.2%
6280 Scottsville-Navilleton Road
Floyds Knobs, IN  47119

All directors and officers                  4,500,000            55.8%
as a group (4 persons)

------------------------------------

(1) Excludes 212,800 shares of Common Stock owned by the spouse of Ms. Myers or
her spouse's affiliates as to which Ms. Myers's denies beneficial ownership.

Unless otherwise indicated, the address for each of the above named individuals
is 1515 East silver Springs Blvd. - Suite 118.4, Ocala, FL 34470.

Change of Control

         On August 15, 2006, Steven L. Sample acquired for $50,000, 4,000,000
shares, or 46.7%, of the 8,561,000 issued and outstanding shares of Common Stock
of the registrant from Thacker Asset Management, LLC. In addition, in
consideration of expenses of the corporation paid by Mr. Sample, including the
costs associated with completing the bankruptcy proceedings, the registrant
agreed to issue to Mr. Sample an additional 8,117,500 shares of Common Stock and
500,000 shares of preferred stock. For the assistance of a principal of the
entity owning Thacker Asset Management, LLC, Baker #1, Ltd., the registrant
agreed to issue to that principal 25,000 shares of preferred stock and 450,000
shares of Common Stock.

         To fulfill its obligations under this agreement, the registrant's board
of directors has recommended that its stockholders amend its corporate charter
to increase the number of authorized shares of Common Stock to 150,000,000 and
agreed to create and establish a series of preferred stock. The distinguishing
feature of the preferred stock is that each share has 50 votes, but if Mr.
Sample or the other recipient transfers the shares to any other entity other
than for estate planning purposes, the shares automatically convert on a share
for share basis to Common Stock and, in any event, automatically convert to
Common Stock upon the death of either recipient. Mr. Sample will hold the right
to vote all such shares to be issued for a period of nine years.

Item 12 Certain Relationships and Related Transactions

         The Company's board of directors has recommended that its stockholders
amend the Company's Certificate of Incorporation to increase the number of
authorized shares of common stock from 15,000,000 to 150,000,000 as well as
establish the power to issue preferred stock. Consistent with this
recommendation, the Company has filed with the Securities and Exchange
Commission preliminary proxy material to effect these changes as well as change
the name of the Company to Acacia Automotive, Inc. The recommended changes would
also effect a one for eight reverse stock split.

         When the board of directors determined to recommend the Certificate of
Incorporation be amended, the Company's board of directors also agreed to issue
to Mr. Sample 8,117,500 shares of Common Stock following the effectiveness of
the above described amendments. Also, the board of directors determined to issue
to Mr. Sample 500,000 shares of preferred stock with each such share of
preferred stock having 50 votes. The board of directors also determined to issue
to the spouse of Ms. Myers 25,000 shares of preferred, which Mr. Sample has the
power to vote, and 450,000 shares of Common Stock, said Common Stock to be
issued on a post split basis.



<PAGE>


Item 13. Exhibits, Financial Statement Schedule and Reports on Form 8-K.

(a) Financial Statements

         The following financial statements are included herewith:

                                                                   Page

    Report of Independent Certified Public Accountants             F-1
    Consolidated Balance Sheets                                    F-2
    Consolidated Statements of Operations                          F-4
    Consolidated Statements of Stockholders' Equity                F-5
    Consolidated Statements of Cash Flows                          F-6
    Notes to Consolidated Financial Statements                     F-8

(b) Reports on Form 8-K

         None

(c) Exhibits

3.1*     Restated Articles of Incorporation, as amended (incorporated by
         reference from a similarly numbered exhibit filed with the Company's
         Registration Statement No. 33-97308-D)

3.2*     Bylaws (incorporated by reference from a similarly numbered exhibit
         filed with the Company's Registration Statement No. 33-97308-D)

3.3*     Amendments to Bylaws

4.1*     Form of Warrant Agreement Covering Redeemable Common Stock Purchase
         Warrants (incorporated by reference from a similarly numbered exhibit
         filed with the Company's Registration Statement No. 33-97308-D)

10.1*    Revised form of Representative's Warrant and Registration Rights
         Agreement (incorporated by reference from a similarly numbered exhibit
         filed with the Company's Registration Statement No. 33-97308-D)

10.2*    Copy of 1995 Incentive Stock Option Plan (incorporated by reference
         from a similarly numbered exhibit filed with the Company's Registration
         Statement No. 33-97308-D)

10.3*    Copy of Outside Director Stock Option Plan (incorporated by reference
         from a similarly numbered exhibit filed with the Company's Registration
         Statement No. 33-97308-D)

10.4*    Copy of Warrant Agreement between the Company and Can Am Capital
         (incorporated by reference from a similarly numbered exhibit filed with
         the Company's Registration Statement No. 33-97308-D)

10.5*    Copy of Note and Security Agreement between the Company and Bronco Bowl
         Holding, Inc. (incorporated by reference from a similarly numbered
         exhibit filed with the Company's Registration Statement No. 33-97308-D)

10.6*    diversified Employee Leasing, Inc. Client Service Agreement
         (incorporated by reference from a similarly numbered exhibit filed with
         the Company's Registration Statement No. 33-97308-D)

10.7*    Stock Purchase and Subscription Agreement

10.8*    Letter of Agreement concerning transfer of shares, payment and delivery
         thereof, Lien Release, Power of Attorney, Irrevocable Voting Proxy,
         acknowledgements, et al

10.9*    Letter of Agreement concerning transfer of shares

*        Previously filed
<PAGE>





                             ACACIA AUTOMOTIVE, INC.

                       (FORMERLY GIBBS CONSTRUCTION, INC.)


                          INDEX TO FINANCIAL STATEMENTS


                                                                       Page

         Report of Independent Registered Public Auditing Firm ........F-2

         Balance Sheets, December 31, 2003, 2004 and 2005 .............F-3

         Statement of Stockholders' Equity for the Years Ended
              December 31, 2003, 2004 and 2005 ........................F-4

         Notes to Financial Statements ................................F-5



































                                       F-1

<PAGE>

                        Killman, Murrell & Company, P.C.
                          Certified Public Accountants
<TABLE>
<CAPTION>

<C>                                 <C>                                       <C>
1931 E. 37th Street, Suite 7        3300 N. A Street, Bldg. 4, Suite 200      2626 Royal Circle
Odessa, Texas 79762                    Midland, Texas 79705                   Kingwood, Texas 77339
(432) 363-0067                      (432) 686-9381                            (281) 359-7224
Fax (432) 363-0376                  Fax (432) 684-6722                        Fax (281) 359-7112
</TABLE>


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors and Stockholders
Acacia Automotive, Inc.
(formerly Gibbs Construction, Inc.)
Ocala, Florida


We have audited the accompanying balance sheets of Acacia Automotive, Inc. as of
December 31, 2005, 2004 and 2003 and the related statement of stockholders'
equity for the years then ended. These financial statements are the
responsibility of the Company'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 the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes 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 Acacia Automotive, Inc. as of
December 31, 2005, 2004 and 2003 in conformity with United States generally
accepted accounting principles.

As discussed in Note 3 to the financial statements, the Company has recently
emerged from bankruptcy and has had no operations for three years, has no assets
and does not have financial resources available for its use. The Company is not
a going concern. Management's plans in regard to these matters are described in
Note 3. The financial statements do not include any adjustments that might
result from the outcome of this uncertainty, if any.



/s/  Killman, Murrell & Company, P.C.
KILLMAN, MURRELL & COMPANY, P.C.
November 16, 2006
Odessa, Texas





                                       F-2

<PAGE>

                             ACACIA AUTOMOTIVE, INC.

                       (FORMERLY GIBBS CONSTRUCTION, INC.)

                                 BALANCE SHEETS
<TABLE>
<CAPTION>


                                                                                 December 31,
                                                             --------------------------------------------------------
                                                                 2003               2004                     2005
                                                             ------------       ----------------        -------------
                                    ASSETS
<S>                                                          <C>                 <C>                   <C>
   ASSETS                                                    $           -       $            -        $           -
                                                             =============       ===============        =============



             LIABILITIES AND STOCKHOLDERS' EQUITY

   LIABILITIES                                                $          -       $            -        $           -
                                                              ------------       ---------------        -------------



   STOCKHOLDERS' EQUITY:

   Preferred Stock, no par value, 6%
     non-cumulative dividend, 1,000,000
     shares authorized; none issued and
     outstanding.                                                        -                    -                    -

   Preferred Stock, $0.001 par value 2,000,000
     shares authorized; none issued and outstanding                      -                    -                    -

   Common Stock, $0.001 par value, 150,000,000
     shares authorized; 1,107,500 share issued and
     outstanding                                                     1,107                1,107                1,107

   Paid-In-Capital                                               5,042,727            5,042,727            5,042,727

   Retained Deficit                                             (5,043,834)          (5,043,834)          (5,043,834)
                                                              --------------      ---------------       --------------

   Total Stockholders' Equity                                            -                    -                    -
                                                              --------------       --------------       -------------

   Total Liabilities and Stockholder's Equity                $           -       $            -        $           -
                                                              ==============       ==============       =============
</TABLE>









              The accompanying notes are an integral part of these
                             financial statements.
                                       F-3


<PAGE>


                             ACACIA AUTOMOTIVE, INC.

                       (FORMERLY GIBBS CONSTRUCTION, INC.)

                        STATEMENT OF STOCKHOLDERS' EQUITY

                  YEARS ENDED DECEMBER 31, 2003, 2004 AND 2005
<TABLE>
<CAPTION>



                                     Preferred Stock,  Preferred Stock,                                          Common
                                       No Par Value    $0.001 Par Value     Common Stock                         Stock
                                 --------------------  ----------------  ----------------   Paid-in     Retained Subscription
                                     Shares    Amount  Shares  Amount   Shares   Par Value  Capital     Deficit  Receivable  Total
                                 ---------  ---------  ------- ----   ---------- -------- ---------- ----------- --------  --------


<S>                              <C>        <C>        <C>     <C>    <C>        <C>      <C>        <C>         <C>       <C>
Balance December 31, 2002         1,000,000 $ 200,000        - $  -    8,561,000 $ 85,610 $4,758,224 $(5,043,834)$      -  $      -
2006 Restructuring transactions
  Abandonment of Common
   Shares held by Creditor Trust       -         -           -    -     (501,000)  (5,010)     5,010           -        -         -
  Change in Par Value                  -         -           -    -            -  (72,540)    72,540           -        -         -
  Reverse Stock Split                  -         -           -    -   (7,052,500)  (7,053)     7,053           -        -         -
  Preferred Stock Exchange       (1,000,000) (200,000)                   100,000      100    199,900           -        -         -
                                 ---------- ---------  ------- ----   ---------- -------- ---------- ----------- --------  --------

Restated Balance December 31,
   2002, 2003, 2004 and 2005           -    $    -           - $  -    1,107,500 $  1,107 $5,042,727 $(5,043,834)$      -  $      -
                                 ========== =========  ======= ====   ========== ======== ========== =========== ========= =========

</TABLE>

















              The accompanying notes are an integral part of these
                             financial statements.
                                       F-4


<PAGE>


                             ACACIA AUTOMOTIVE, INC.

                       (FORMERLY GIBBS CONSTRUCTION, INC.)

                          NOTES TO FINANCIAL STATEMENTS

                        DECEMBER 31, 2003, 2004 AND 2005

NOTE 1: THE COMPANY

Gibbs Construction, Inc. ("Gibbs" or the "Company") was a full service, national
commercial construction company located in Garland, Texas. During 1999, Gibbs
experienced significant losses associated with certain construction projects,
which were bonded by Gibbs' primary bonding surety. In the fourth quarter of
1999, Gibbs' bonding surety notified Gibbs that it would no longer provide
completion and payment bonds for Gibbs' construction projects. Given these
events, Gibbs began a series of negotiations with its bonding surety in December
of 1999, which resulted in a written agreement in January of 2000, whereby the
bonding surety would provide funds to finish certain projects and required Gibbs
to terminate construction on other projects. These events led to Gibbs inability
to satisfy its debts in the ordinary course of business and on April 20, 2000,
Gibbs filed a Petition pursuant to Chapter 11 of the United States Bankruptcy
Code.

On July 28, 2000, Gibbs received permission from its Court of Jurisdiction to
solicit approval of its Plan of Reorganization. Gibbs continued to operate on a
limited basis pending approval of its Plan of Reorganization. On November 10,
2000, Gibbs completed its Plan of Reorganization pursuant to an order of the
court as follows:

     a)  Gibbs transferred all of its assets and liabilities to the Gibbs
         Construction, Inc. Creditor Trust ("Trust").

     b)  Gibbs issued 501,000 shares of its authorized but previously unissued
         common stock to the Trust in settlement of unsecured creditor claims.

     c)  Gibbs approved issuance of 1,000,000 shares of a newly created
         preferred stock, with an aggregate liquidation preference value of
         $200,000 and a six percent (6%) non-cumulative dividend, to the bonding
         surety.

     d)  Gibbs issued 4,000,000 shares of its authorized but previously unissued
         common stock to Thacker Asset Management, LLC (TAM), a Texas limited
         liability company, in exchange for certain operating assets and the
         obligation to complete certain construction projects of TAM.

Gibbs did not obtain a court ordered final decree from the bankruptcy court due
to the difficulties encountered with the implementation of the re-organization
plan. All operating activities ceased in 2002. On June 26, 2006, the bankruptcy
trustee requested and received a Order for Final Decree. The 501,000 shares of
common stock issued to the Trust were abandoned and returned to the Company on
October 5, 2006. These shares have been cancelled.

On July 25, 2006, the Board of Directors of the Company met and approved the
following actions:

o Changed the Company's name to Acacia Automotive, Inc.

o Authorized 2,000,000 shares of $0.001 par value preferred stock and authorized
the Board of Directors to:

     a.) set the number of shares constituting each series of preferred stock

     b.) establish voting rights, powers, preferences and conversion rights

o Increased the authorized number of common shares to 150,000,000 and decreased
the par value to $0.001.




                                       F-5
<PAGE>

                             ACACIA AUTOMOTIVE, INC.

                       (FORMERLY GIBBS CONSTRUCTION, INC.)

                          NOTES TO FINANCIAL STATEMENTS

                        DECEMBER 31, 2003, 2004 AND 2005

NOTE 1: THE COMPANY (Continued)

o Authorized a one-for-eight reverse stock split of the Company's common stock.

o Designated 525,000 shares of preferred stock as Series A Preferred Stock, with
the following rights:

     a.) Dividends can be paid when declared by the Board of Directors but must
         be also simultaneously declared on the common stock.

     b.) Series A Preferred Stock may not be redeemed.

     c.) Each share of Series A Preferred Stock is convertible into one share of
         common stock at the option of the holders.

     d.) The holders of Series A Preferred Shares are certified to 50 votes on
         all matters to be voted on by the shareholders of the Company for each
         share of Series A Preferred Stock held.

o Authorized the issuance of common stock and Series A Preferred Stock for
services rendered and payments of organization expenses on behalf of the
Company:

     a.) 8,567,500 shares of common stock.
     b.) 525,000 shares of Series A Preferred Stock.
     c.) Estimated issuance value is $172,350.

Certain of the actions approved by the Board of Directors on July 25, 2006,
require the approval of the shareholders of the Company; however, since the
Company's management has sufficient common stock ownership to assure approval of
the actions taken, the various authorized stock transactions have been reflected
in the accompanying financial statements.

NOTE 2: STOCKHOLDERS' EQUITY

Preferred Stock

In 2000, the bankruptcy court authorized the issuance of 1,000,000 shares of no
par value preferred stock to the Company's bonding surety. These preferred
shares have a liquidation preference value of $0.20 per share and have a six
percent (6%) non-cumulative dividend rate. On October 27, 2006, the bonding
surety agreed to exchange the 1,000,000 shares of no par value preferred stock
for 100,000 shares of the Company's $0.001 par value common stock.

In July 2006 the Company's Board of Directors authorized a 2,000,000 share
series of preferred stock and the Board of Directors were authorized to fix:

o The number of shares constituting each series of preferred stock

o Voting rights, powers, preferences and conversion rights

None of these preferred shares were outstanding at December 31, 2003, 2004 and
2005.



                                       F-6
<PAGE>

                             ACACIA AUTOMOTIVE, INC.

                       (FORMERLY GIBBS CONSTRUCTION, INC.)

                          NOTES TO FINANCIAL STATEMENTS

                        DECEMBER 31, 2003, 2004 AND 2005


NOTE 2: STOCKHOLDERS' EQUITY - (Continued)

Common Stock

Prior to July 25, 2006, the Company had authorized 15,000,000 shares of $0.01
par value common stock and 8,561,000 common shares outstanding. On July 25,
2006, the Company's Board of Directors approved the following actions which have
been retroactively reflected in the Statement of Stockholders' Equity.

o Abandonment of 501,000 shares of common stock issued to the creditor trust, on
October 5, 2006.

o Change in par value for $0.01 to $0.001.

o One (1) for eight (8) reverse stock split.

Retained Deficit

The Company ceased all operations in 2002 and since that time there has been no
operating results.

NOTE 3: GOING CONCERN

On June 26, 2006, the Bankruptcy Court for the Northern District of Texas,
issued its Order for Final Decree related to the Company bankruptcy petition
filed April 20, 2000. The Board of Directors convened its first post bankruptcy
meeting on July 25, 2006, and assumed operating control. On August 15, 2006, the
Company entered into a "Stock Purchase and Subscription Agreement" whereby the
effective control of the Company was transferred to Steven L. Sample, an
individual residing in the State of Florida. Mr. Sample and his assignees
purchased 5,500,000 pre-split shares for an aggregate purchase price of $65,000
plus at least $20,000 to discharge any obligations of the Company and agreed to
provide the capital such that the Company can arrange to have its filings with
the United States Securities and Exchange Commission brought current.

The Company issued 8,567,500 shares of its post reverse split $0.001 par value
common stock and 525,000 shares of its Series A Preferred Stock for services
rendered and expenses paid (estimated total value $172,350).

None of the above described transactions provided the Company with operating
funds.

On September 11, 2006, the Company issued a private placement memorandum for the
sale of 8,000,000 shares of the Company's common stock at $2.00 per share.
Without a successful raising of at least $1,000,000, the Company will not be
able to commence operations.






                                       F-7


<PAGE>

Item 14. Principal Accountant and Fees.

         The following is a summary of the aggregate fees billed to us for
fiscal 2005 by Killman Murrell & Company, P.C.

AUDIT FEES

         There were no fees for audit services in fiscal 2005.
<PAGE>

TAX FEES

         There were no fees for tax services, including tax compliance, tax
advice and tax planningfor fiscal 2005.

         Fees for audit services include fees associated with the annual
financial statement audit and reviews of Quarterly Reports on Form 10-Q. Audit
fees also include fees associated with a business acquisition, private
placement/equity financings, and other SEC filings.







<PAGE>




                                   SIGNATURES

         In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                              Gibbs Construction, Inc.



                              By: /S/Steven L. Sample
                              -----------------------------------
                              Steven  L.  Sample,   Chief  Executive  Officer
                              and principal financial and accounting officer

                              Date:    December 12, 2006
                              -----------------------------------

         In accordance with the Exchange Act, this report has been signed below
by the following persons on behalf of the registrant and in the capacities and
on the dates indicated.

Signature                    Title                              Date


/s/Steven L. Sample          Director                  December 12, 2006
----------------------
Steven L. Sample


/s//Tony Moorby              Director                  December 12, 2006
----------------------
Tony Moorby


/s/Danny R. Gibbs            Director                  December 12, 2006
----------------------
Danny R. Gibbs


/s/ Linda Morgan Myers       Director                  December 12, 2006
----------------------
Linda Morgan Myers



<PAGE>