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|                                   |
|----------------------------------------|
| **SECURITIES AND EXCHANGE COMMISSION** |
| **WASHINGTON, DC 20549**               |
|                                   |
| **FORM 10-Q**                          |

xQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE        SECURITIES EXCHANGE ACT OF 1934

**For the quarterly period ended September 30, 2008**

oTRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE        SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to ______________

Commission File Number: **000-52754**

|                                                              |
|-------------------------------------------------------------------|
| **MONARCH INVESTMENT PROPERTIES, INC.**                           |
| (Exact name of small business issuer as specified in its charter) |

|                                                                                                 |   |                                                       |
|------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------|
| **Nevada**                                                                                           |   | **84-1251553**                                             |
|                                                                                                      |   |                                                            |
| (State or Other Jurisdiction                    of Incorporation or                    Organization) |   | (I.R.S. Employer Identification                    Number) |

**1801 North Military Trail, Suite 203        Boca Raton, FL 33431**(Address of Principal Executive Offices)

**(561) 391-6117**        (Issuer’s Telephone Number, Including Area Code)

|                                                                                                                                                                                                                                                                                                                                                    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to the filing requirements for the past 90 days. |
| Yesx   Noo                                                                                                                                                                                                                                                                                                                               |

Indicate by check mark whether the registrant is a large accelerated filer, accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

|                                                                                                                                               |
|----------------------------------------------------------------------------------------------------------------------------------------------------|
| Large Accelerated Filero   Accelerated Filero    Non-Accelerated Filero   Smaller Reporting Company x |

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2 of the Exchange Act). Yes x   No o

The number of shares outstanding of the registrant’s Class A common stock as of October 10, 2008 was 16,168,733.

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**TABLE OF CONTENTS**

|                                                                                                                          |                                                                                        |   |   |     |
|-------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------|--------|--------|----------|
|                                                                                                                          |                                                                                        |   |   |          |
|                                                                                                                          |                                                                                        |   |   | **Page** |
|                                                                                                                          |                                                                                        |   |   |          |
| **PART I.      FINANCIAL INFORMATION**                                                          |                                                                                        |   |
|                                                                                                                          |                                                                                        |   |
| Item 1.                                                                                                                  | Financial Statements                                                                        |   |   |
|                                                                                                                          |                                                                                        |   |   |
| Balance Sheets as of September 30, 2008 (Unaudited) and June 30, 2008                                                    |                                                                                        | 3      |
|                                                                                                                          |                                                                                        |   |
| Condensed Statements of Operations for the Three Months Ended September 30, 2008 and 2007 (Unaudited)                    |                                                                                        | 4      |
|                                                                                                                          |                                                                                        |   |
| Condensed Statement of Changes in Stockholders’Deficiency for the Three Months Ended September 30, 2008(Unaudited) |                                                                                        | 5      |
|                                                                                                                          |                                                                                        |   |
| Condensed Statements of Cash Flows for the Three Months Ended September 30, 2008 and 2007 (Unaudited)                    |                                                                                        | 6      |
|                                                                                                                          |                                                                                        |   |
| Notes to the Condensed Unaudited Financial Statements as of September 30, 2008 and 2007                                       |                                                                                        | 7      |
|                                                                                                                          |                                                                                        |   |
| Item 2.                                                                                                                  | Management’s Discussion and Analysis of Financial Condition and Results of Operations |   | 13     |
|                                                                                                                          |                                                                                        |   |   |
| Item 3.                                                                                                                       | Quantitative and Qualitative Disclosures About Market Risk                                  |   | 19     |
|                                                                                                                          |                                                                                        |   |   |
| Item 4.                                                                                                                  | Controls and Procedures                                                                     |   | 19     |
|                                                                                                                          |                                                                                        |   |   |
| **PART II.    OTHER INFORMATION**                                                                         |                                                                                        |   |
|                                                                                                                          |                                                                                        |   |
| Item 1.                                                                                                                  | Legal Proceedings                                                                           |   | 21     |
|                                                                                                                          |                                                                                        |   |   |
| Item 2.                                                                                                                  | Unregistered Sales of Equity Securities and Use of Proceeds                                 |   | 21     |
|                                                                                                                          |                                                                                        |   |   |
| Item 3.                                                                                                                  | Defaults Upon Senior Securities                                                             |   | 21     |
|                                                                                                                          |                                                                                        |   |   |
| Item 4.                                                                                                                  | Submission of Matters to a Vote of Security Holders                                         |   | 21     |
|                                                                                                                          |                                                                                        |   |   |
| Item 5.                                                                                                                  | Other Information                                                                           |   | 21     |
|                                                                                                                          |                                                                                        |   |   |
| **SIGNATURES**                                                                                                                |                                                                                        | 22     |
|                                                                                                                          |                                                                                        |   |   |
| Item 6.                                                                                                                  | Exhibit Index                                                                               |   |   |
|                                                                                                                          |                                                                                        |   |   |
| Exhibit 31.1                                                                                                                  | Section 302 Certification of Principal Executive Officer                                    |   |   |
|                                                                                                                          |                                                                                        |   |   |
| Exhibit 31.2                                                                                                                  | Section 302 Certification of Principal Financial Officer                                    |   |   |
|                                                                                                                          |                                                                                        |   |   |
| Exhibit 32                                                                                                                    | Section 906 Certification of Officers                                                       |   |   |

2

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**PART I. FINANCIAL INFORMATION**

|        |                     |
|-------------|--------------------------|
| **ITEM 1.** | **FINANCIAL STATEMENTS** |

**MONARCH INVESTMENT PROPERTIES, INC.BALANCE SHEETS**

|                                                                                                                 |   |                                                                     |       |                                                              |   |       |   |
|----------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|------------|-------------------------------------------------------------------|--------|------------|--------|
|                                                                                                                 |   | **September 30,                    2008                    (Unaudited)** |       | **June 30,                    2008                    (Audited)** |   |
|                                                                                                                 |   |                                                                          |       |                                                                   |   |
| **ASSETS**                                                                                                           |
|                                                                                                                 |   |                                                                     |       |                                                              |   |       |   |
| **CURRENT ASSETS**                                                                                                   |   |                                                                     |       |                                                              |   |       |   |
|                                                                                                                 |   |                                                                     |       |                                                              |   |       |   |
| Cash                                                                                                                 |   | $                                                                        | 74         |                                                              | $      | 1,384      |   |
|                                                                                                                 |   |                                                                          |            |                                                              |        |            |   |
| Total Current Assets                                                                                                 |   |                                                                     | 74         |                                                              |   | 1,384      |   |
|                                                                                                                 |   |                                                                          |            |                                                              |        |            |   |
| **TOTAL ASSETS**                                                                                                     |   | $                                                                        | 74         |                                                              | $      | 1,384      |   |
|                                                                                                                 |   |                                                                          |            |                                                              |        |            |   |
|                                                                                                                 |   |                                                                     |       |                                                              |   |       |   |
| **LIABILITIES AND STOCKHOLDERS’ DEFICIENCY**                                                                   |
|                                                                                                                 |   |                                                                     |       |                                                              |   |       |   |
| **CURRENT LIABILITIES**                                                                                              |   |                                                                     |       |                                                              |   |       |   |
|                                                                                                                 |   |                                                                     |       |                                                              |   |       |   |
| Accrued expenses and other current liabilities                                                                       |   | $                                                                        | 52,310     |                                                              | $      | 57,737     |   |
| Convertible judgment debt payable                                                                                    |   |                                                                     | 199,369    |                                                              |   | 195,707    |   |
| Affiliated party debt                                                                                                |   |                                                                     | 177,695    |                                                              |   | 161,083    |   |
|                                                                                                                 |   |                                                                          |            |                                                              |        |            |   |
| Total Current Liabilities                                                                                            |   |                                                                     | 429,374    |                                                              |   | 414,527    |   |
|                                                                                                                 |   |                                                                          |            |                                                              |        |            |   |
|                                                                                                                 |   |                                                                     |       |                                                              |   |       |   |
| **COMMITMENTS AND CONTINGENCES**                                                                                     |   |                                                                     |       |                                                              |   |       |   |
|                                                                                                                 |   |                                                                     |       |                                                              |   |       |   |
| **STOCKHOLDERS’ DEFICIENCY**                                                                                   |   |                                                                     |       |                                                              |   |       |   |
| Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued and outstanding                     |   |                                                                     | —    |                                                              |   | —    |   |
| Common stock, $.001 par value, 500,000,000 shares authorized, 16,168,733 shares issued and outstanding, respectively |   |                                                                     | 16,169     |                                                              |   | 16,169     |   |
| Additional paid-in capital                                                                                           |   |                                                                     | 2,833,241  |                                                              |   | 2,833,241  |   |
| Accumulated deficit                                                                                                  |   |                                                                     | (3,278,710 | )                                                                 |   | (3,262,553 | )      |
|                                                                                                                 |   |                                                                          |            |                                                              |        |            |   |
| Total Stockholders’ Deficiency                                                                                 |   |                                                                     | (429,300   | )                                                                 |   | (413,143   | )      |
|                                                                                                                 |   |                                                                          |            |                                                              |        |            |   |
| **TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIENCY**                                                           |   | $                                                                        | 74         |                                                              | $      | 1,384      |   |
|                                                                                                                 |   |                                                                          |            |                                                              |        |            |   |

See accompanying notes to the condensed unaudited financial statements

3

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**MONARCH INVESTMENT PROPERTIES, INC.CONDENSED STATEMENTS OF OPERATIONS        (Unaudited)**

|                                                 |   |                                                    |       |     |   |       |   |
|------------------------------------------------------|--------|---------------------------------------------------------|------------|----------|--------|------------|--------|
|                                                 |   | **Three Months Ended                    September 30,** |       |
|                                                 |   | **2008**                                                |       | **2007** |   |
|                                                 |   |                                                         |       |          |   |
|                                                 |
| Revenue                                              |   | $                                                       | —    |     | $      | —    |   |
|                                                 |   |                                                    |       |     |   |       |   |
| General and administrative expenses                  |   |                                                    | 7,383      |     |   | 74,590     |   |
|                                                 |   |                                                         |            |     |        |            |   |
| Loss from operations                                 |   |                                                    | (7,383     | )        |   | (74,590    | )      |
|                                                 |   |                                                    |       |     |   |       |   |
| Other (expenses) income:                             |   |                                                    |       |     |   |       |   |
| Interest expense                                     |   |                                                    | (8,774     | )        |   | (7,757     | )      |
|                                                 |   |                                                         |            |     |        |            |   |
|                                                 |   |                                                    |       |     |   |       |   |
| Net loss                                             |   | $                                                       | (16,157    | )        | $      | (82,347    | )      |
|                                                 |   |                                                         |            |     |        |            |   |
|                                                 |   |                                                    |       |     |   |       |   |
| Net loss per common share:                           |   |                                                    |       |     |   |       |   |
| Basic and fully diluted                              |   | $                                                       | (0.001     | )        | $      | (0.005     | )      |
|                                                 |   |                                                         |            |     |        |            |   |
|                                                 |   |                                                    |       |     |   |       |   |
| Weighted average number of common shares outstanding |   |                                                    |       |     |   |       |   |
| Basic                                                |   |                                                    | 16,168,733 |     |   | 16,168,733 |   |
| Fully diluted                                        |   |                                                    | 16,168,733 |     |   | 16,168,733 |   |

See accompanying notes to the condensed unaudited financial statements

4

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**MONARCH INVESTMENT PROPERTIES, INC.CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIENCY        FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2008        (Unaudited)**

|                          |   |                                    |             |   |       |                                                                 |   |                                       |   |      |   |      |   |   |       |   |   |     |   |
|-------------------------------|--------|-----------------------------------------|------------------|--------|------------|----------------------------------------------------------------------|--------|--------------------------------------------|--------|-----------|--------|-----------|--------|--------|------------|--------|--------|----------|--------|
|                          |   | **Preferred                    Shares** |             |   |       | **Additional                    Paid-In                    Capital** |   | **Accumulated                    Deficit** |   | **Total** |   |
|                          |   |                                    | **Common Stock** |   |       |                                                                 |   |
|                          |   |                                    | **Shares**       |   | **Amount** |                                                                 |   |                                       |   |
|                          |   |                                         |             |        |       |                                                                      |   |                                            |   |           |   |           |   |
| Balance at June 30, 2008      |   |                                    |             |   |       | 16,168,733                                                           |   | $                                          | 16,169 |      | $      | 2,833,241 |   | $      | (3,262,553 | )      | $      | (413,143 | )      |
|                          |   |                                    |             |   |       |                                                                 |   |                                       |   |      |   |      |   |   |       |   |   |     |   |
| Net Loss                      |   |                                    |             |   |       |                                                                 |   |                                       |   |      |   |      |   |   | (16,157    | )      |   | (16,157  | )      |
|                          |   |                                         |                  |   |            |                                                                      |   |                                            |        |      |        |           |   |        |            |   |        |          |   |
| Balance at September 30, 2008 |   |                                    | —          |   |       | 16,168,733                                                           |   | $                                          | 16,169 |      | $      | 2,833,241 |   | $      | (3,278,710 | )      | $      | (429,300 | )      |
|                          |   |                                         |                  |   |            |                                                                      |   |                                            |        |      |        |           |   |        |            |   |        |          |   |

See accompanying notes to the condensed unaudited financial statements

5

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|                                    |
|-----------------------------------------|
| **MONARCH INVESTMENT PROPERTIES, INC.** |
| **CONDENSED STATEMENTS OF CASH FLOWS**  |
| **(Unaudited)**                         |

|                                                                        |   |                                                    |    |     |   |    |   |
|-----------------------------------------------------------------------------|--------|---------------------------------------------------------|---------|----------|--------|---------|--------|
|                                                                        |   | **Three Months Ended                    September 30,** |    |
|                                                                        |   | **2008**                                                |    | **2007** |   |
|                                                                        |   |                                                         |    |          |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                       |   |                                                    |    |     |   |    |   |
| Net loss                                                                    |   | $                                                       | (16,157 | )        | $      | (82,347 | )      |
|                                                                        |   |                                                         |         |     |        |         |   |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                                                    |    |     |   |    |   |
| Changes in operating assets and liabilities:                                |   |                                                    |    |     |   |    |   |
| Increase (Decrease) in accrued expenses and other current liabilities       |   |                                                    | (5,427  | )        |   | 24,852  |   |
| Increase in convertible judgment debt payable                               |   |                                                    | 3,662   |     |   | 3,662   |   |
|                                                                        |   |                                                         |         |     |        |         |   |
| Total adjustments                                                           |   |                                                    | (1,765  | )        |   | 28,514  |   |
|                                                                        |   |                                                         |         |     |        |         |   |
| Net cash used in operating activities                                       |   |                                                    | (17,922 | )        |   | (53,833 | )      |
|                                                                        |   |                                                         |         |     |        |         |   |
|                                                                        |   |                                                    |    |     |   |    |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                       |   |                                                    |    |     |   |    |   |
| Increase in affiliated party debt                                           |   |                                                    | 16,612  |     |   | 53,094  |   |
|                                                                        |   |                                                         |         |     |        |         |   |
| Net cash provided by financing activities                                   |   |                                                    | 16,612  |     |   | 53,094  |   |
|                                                                        |   |                                                         |         |     |        |         |   |
| NET (DECREASE) IN CASH                                                      |   |                                                    | (1,310  | )        |   | (739    | )      |
| CASH - BEGINNING OF YEAR                                                    |   |                                                    | 1,384   |     |   | 3,336   |   |
|                                                                        |   |                                                         |         |     |        |         |   |
| CASH - END OF PERIOD                                                        |   | $                                                       | 74      |     | $      | 2,597   |   |
|                                                                        |   |                                                         |         |     |        |         |   |
|                                                                        |   |                                                    |    |     |   |    |   |
| SUPPLEMENTAL CASH FLOW DATA:                                                |   |                                                    |    |     |   |    |   |
| Cash paid for interest                                                      |   | $                                                       | — |     | $      | — |   |
|                                                                        |   |                                                         |         |     |        |         |   |
|                                                                        |   |                                                    |    |     |   |    |   |
| Cash paid for income taxes                                                  |   | $                                                       | — |     | $      | — |   |
|                                                                        |   |                                                         |         |     |        |         |   |

See accompanying notes to the condensed unaudited financial statements

6

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**Monarch Investment Properties, Inc.Notes to Condensed Unaudited Financial Statements        September 30, 2008        (Unaudited)**

**Note 1 - Condensed Financial Statements**

The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flow at September 30, 2008 and for all periods presented have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed financial statements should be read in conjunction with the audited financial statement for the years ended June 30, 2008 and 2007 included in the Annual Report filed with the Securities and Exchange Commission on Form 10-KSB.

The results of operations for the period ended September 30, 2008 are not necessarily indicative of the operating results for the full year.

**Note 2 - Significant Accounting Policies**

The significant accounting policies are summarized as follows:

Use of Estimates

Management of Monarch has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with accounting principles generally accepted in the United States of America. Actual results could differ from those estimates.

Fair Value of Financial Instruments

The carrying amounts reported in the balance sheet for cash, accounts payable and accrued expenses, convertible judgment debt payable and shareholder payable approximate their fair market value based on the short-term maturity of these instruments.

SFAS No. 107 requires disclosures about the fair value for all financial instruments, whether or not recognized, for financial statement purposes. Disclosures about fair value of financial instruments are based on pertinent information available to management as of September 30, 2008 and June 30, 2008. Accordingly, the estimates presented in these statements are not necessarily indicative of the amounts that could be realized on disposition of the financial        instruments. Management has estimated the fair values of cash, accounts payable, and accrued expenses to be approximately their respective carrying values reported on these statements because of their short maturities.

7

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Recent Accounting Pronouncements

There were various accounting standards and interpretations issued recently, none of which are expected to have a material impact on the company’s financial position, operations or cash flows.

**Note 3 - Agreement and Plan of Merger**

On December 18, 2007 the Company and All American Home Products, LLC, a Florida limited liability company (“All American”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which All American will merge with, and into, the Company (the “Merger”). The Board of Directors of the Company has unanimously approved the Merger Agreement.

Details of the Merger Agreement, as amended, and information related to the business of All American and its unaudited financial statements for the interim period ended September 30, 2007 and its audited financial statements for the year ended December 31, 2006 and accompanying notes were filed with the Securities and Exchange Commission on February 14, 2008 in a Preliminary Information Statement (the “Information Statement”) pursuant to Section 14(c) of        the Securities Act of 1934 and on December 27, 2007 and May 30, 2008 in current reports on Form 8-K. In accordance with SEC regulations, All American’s audited financial statements for the year ended December 31, 2007, as well as unaudited interim financial statements for 2008, will be filed with the SEC in an amended Information Statement following which a Definitive Information Statement will be mailed to the Company’s stockholders.

All American is a distribution and installation company providing impact and storefront windows, doors, accordion shutters, protective panels and other hurricane related products and services to the new construction, commercial and retail markets. All American is headquartered in Pompano Beach, Florida.

Upon the terms and subject to the conditions of the Merger Agreement, at the effective time of the Merger, All American will be merged with, and into, the Company and the separate existence of All American will cease. The Company will be the surviving corporation in the Merger and will continue its corporate existence under the laws of the State of Nevada. The directors and officers of All American, immediately prior to the effective time, will become the directors and        officers of the Company upon consummation of the Merger.

In accordance with the terms of the Merger Agreement, at the effective time of the Merger, each unit representing a membership interest of All American (collectively, the “Membership Interests”) will be converted into and become one(1) fully paid and non-assessable share of common stock, par value $0.001 per share, of the Company (“Common Stock”). At the effective time of the Merger, the Membership Interests of All American will no longer be        outstanding and shall automatically be cancelled and retired and cease to exist, and each All American member shall cease to have any rights with respect to the Membership Interests of All American, except the right to receive the merger shares. No fractions of a share of Common Stock will be issued, and in lieu of such issuance, an All American member who would otherwise be entitled to a fraction of a share of Common Stock as a result of the exchange of shares contemplated by the        Merger Agreement will receive from us one additional share of Common Stock.

8

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The consummation of the Merger is subject to certain conditions, including approval of the members of All American and the Company’s stockholders and the completion of a 1 for 16.168733 reverse stock split (the “reverse split”) to be effectuated by the Company prior to the merger, pursuant to which each 16.168733 old shares of the Company’s common stock issued and outstanding prior to such reverse stock split will be converted and exchanged into        one share of new Common Stock following such reverse stock split, with any fractional shares being rounded up to the next whole share.

The Merger Agreement contains certain termination rights for both the Company and All American. If either party materially breaches the Agreement, then such party can be required to pay the other party’s fees and costs incurred related to this transaction. The parties have also amended the Merger Agreement providing an extension of the Agreement. In addition, the Merger Agreement provides, subject to certain exceptions, that the Merger Agreement may be terminated        by the Company if the closing of the Merger has not occurred within thirty (30) days after the Company has filed its definitive information statement with the Securities and Exchange Commission. In the event that the Merger Agreement is terminated in this manner, All American is obligated to pay all of the costs incurred by the Company relating to the proposed Merger and certain of the Company’s liabilities within thirty (30) days after the Merger Agreement is terminated. If All        American fails to pay these obligations within such time, All American will be responsible for all of the Company’s costs of collection, including attorney’s fees, and interest will accrue on the unpaid balance at the rate of 18% per annum. Consummation of the Merger is also subject to customary closing conditions, and representation, warranties and covenants from each of the Company and All American.

**Conversion of Judgment Debt**

The Merger Agreement also provides that, at the Closing payment in full will be made on all obligations the Company owes to JJFN, which consists of amounts owed by the Company under the JJFN Note, as well as all other obligations of the Company. The judgment held by an affiliate of the Company’s principal stockholder at September 30, 2008 is $199,369. Pursuant to the Merger Agreement, the principal balance of the JJFN Note, plus any accrued but unpaid interest        thereon, will be converted into Company Common Stock at a conversion price of $.10 per share immediately before the Reverse Stock Split and deemed satisfied in full. Upon such conversion, Strategic will cause to be filed a Satisfaction of Judgment with the Supreme Court of the State of New York, County of Queens, relating to a judgment previously obtained by JJFN against the Company.

9

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**Common Stock Purchase Warrant**

On March 14, 2005, the Company issued to Strategic Capital Resources, Inc. (“Strategic”) a seven-year warrant to purchase 1,100,000 shares of Common Stock, at an exercise price of $.001 per share (“Strategic Warrant”), in consideration for modification of a promissory note (the “JJFN Note”) between the Company and JJFN Holdings, Inc., a wholly-owned subsidiary of Strategic (“JJFN”). The Strategic Warrant contains certain        anti-dilution provisions which provide that if at any time the number of shares of Common Stock is reduced through subdivision, recapitalization, reclassification or otherwise, or if the Company declares a dividend on its Common Stock or Preferred Stock payable in shares of Common Stock, or if the Company merges or consolidates with or into another entity or sells all or substantially all of it assets, the number and nature of the Common Stock issuable or issued on the exercise of the        Strategic Warrant will be adjusted so that each holder of a Strategic Warrant or the original holder of the exercised shares of Common Stock outstanding at the time of such event will have the right to purchase the same kind and amount of securities at the original exercise price which the holder would have received if such event has not taken place. The Strategic Warrant also contains a cashless exercise provision providing that payment of the exercise price may be made by surrendering        to the Company that number of shares of Common Stock having a fair market value equal to the exercise price. The Strategic Warrant also provides certain “piggyback” registration rights whereby the Company is required to provide prior written notice to Strategic of its intention to file a registration statement under the Securities Act and upon the request of Strategic to include those registerable shares underlying the Strategic Warrant in such registration        statement.

**Exercise of Strategic Warrant**

The Strategic Warrant which is outstanding is exercisable for 1,100,000 shares of pre-reverse merger Common Stock at an exercise price of .001 per share. The Company anticipates the warrant will be exercised on the closing date of the Merger into 1,100,000 shares of Common Stock on a pre-reverse split basis which will then be subject to the 16.168733 reverse stock split resulting in the increase of new Common Stock of 68,031 in exchange for the old shares.

**Accounting Treatment for the Merger**

The Merger will be treated as a reverse acquisition for accounting purposes, with All American being the successor reporting entity. The Company has no operations or revenues and the only asset that it had on September 30, 2008 is a cash balance of $74.

The Company is considered to be a shell company prior to the acquisition. In connection with the proposed acquisition of All American, the members of All American will receive approximately 19 million shares of post reverse split Common Stock, or approximately 95% of the total outstanding shares prior to the conversion of the Company’s judgment debt and Strategic Warrant. The Company’s current stockholders will ultimately retain approximately 1 million        shares, or 5%, of the Company’s stock prior to the conversion of the judgment debt and the Strategic Warrant.

10

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**Common Stock To Be Outstanding Upon Consummation of Merger**

|                                                                                                                     |   |   |           |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|--------|----------------|--------|
| Current shares outstanding                                                                                               |   |   | **16,168,733** |   |
|                                                                                                                     |   |        |                |   |
|                                                                                                                     |   |   |           |   |
| Reverse stock split adjustment of Company’s shares to existing stockholders at the reverse stock rate of 16.168733 |   |   |           |   |
|                                                                                                                     |   |   |           |   |
| New shares to be issued upon completion of Merger in exchange for old shares                                             |   |   | 1,000,000      |   |
|                                                                                                                     |   |   |           |   |
| Approximate number of shares to be issued upon conversion of judgment debt                                               |   |   | 121,040        |   |
|                                                                                                                     |   |   |           |   |
| Approximate number of shares to be issued upon Conversion of Strategic Warrant                                           |   |   | 68,031         |   |
|                                                                                                                     |   |   |           |   |
| Approximate number of new shares to be issued for acquisition of All American                                            |   |   | 19,775,000     |   |
|                                                                                                                     |   |        |                |   |
|                                                                                                                     |   |   |           |   |
| Approximate total number of shares to be outstanding after consummation of the proposed Merger                           |   |   | **20,964,071** |   |
|                                                                                                                     |   |        |                |   |

The Merger Agreement was amended in May, 2008. This amendment modified the termination date to be extended from the original termination date of March 1, 2008 to thirty days after the Company has filed its definitive Information Statement with the SEC. As consideration for agreeing to enter into this Amendment, All American paid to the Company $100,000, which is non-refundable, to be applied as a partial reimbursement towards the fees and expenses incurred inconnection        with the proposed merger which All American will ultimately be responsible for.

**Note 4 - Going Concern**

As reflected in the accompanying financial statements, the Company incurred a net loss of $16,157, negative cash flow from operations of $17,922 for the three months ended September 30, 2008, has an accumulated deficit of $3,278,710 and a stockholders’ deficiency of $429,300 at September 30, 2008. The ability of the Company to continue as a going concern is dependent upon its ability to obtain financing and achieve profitable operations. The financial statements        do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. These matters raise substantial doubt about the company’s ability to continue as a going concern.

11

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**Note 5 - Accrued Expenses and Other Current Liabilities**

|                                                 |   |                                      |   |              |   |   |   |
|------------------------------------------------------|--------|-------------------------------------------|--------|-------------------|--------|--------|--------|
|                                                 |   | **September 30,                    2008** |   | **June 30, 2008** |   |
|                                                 |   |                                           |   |                   |   |
| Legal fees                                           |   | $                                         | 40,320 |              | $      | 35,737 |   |
| Accounting and Auditing                              |   |                                      | 2,000  |              |   | 10,000 |   |
| Miscellaneous, other                                 |   |                                      | 9,990  |              |   | 12,000 |   |
|                                                 |   |                                           |        |              |        |        |   |
| Total accrued expenses and other current liabilities |   | $                                         | 52,310 |              | $      | 57,737 |   |
|                                                 |   |                                           |        |              |        |        |   |

**Note 6 - Convertible Judgment Debt Payable**

Listed below is a summary of the transactions related to the JJFN Judgment obtained by JJFN Holdings against us in November 2004. Unpaid portions of the JJFN Judgment bear simple interest at the statutory interest rate of 9% per annum:

|                                      |   |   |       |   |
|-------------------------------------------|--------|--------|------------|--------|
| Original judgment                         |   | $      | 1,100,000  |   |
| Interest 1999 through June 2005           |   |   | 643,500    |   |
| Partial payment made November 2004        |   |   | (155,000   | )      |
|                                      |   |        |            |   |
|                                      |   |   |       |   |
| Balance, June 30, 2005                    |   |   | 1,588,500  |   |
| Interest June 2005 through June 2006      |   |   | 77,902     |   |
| Amount exchanged for Common Stock         |   |   | (1,500,000 | )      |
|                                      |   |        |            |   |
|                                      |   |   |       |   |
| Balance, June 30, 2006                    |   |   | 166,402    |   |
| Interest July 2006 through June 2007      |   |   | 14,657     |   |
|                                      |   |        |            |   |
|                                      |   |   |       |   |
| Balance, June 30, 2007                    |   |   | 181,059    |   |
| Interest July 2007 through June 2008      |   |   | 14,648     |   |
|                                      |   |        |            |   |
|                                      |   |   |       |   |
| Balance, June 30, 2008                    |   |   | 195,707    |   |
| Interest July 2008 through September 2008 |   |   | 3,662      |   |
|                                      |   |        |            |   |
|                                      |   |   |       |   |
| Balance, September 30, 2008               |   | $      | 199,369    |   |
|                                      |   |        |            |   |

12

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**Note 7 - Affiliated Party Debt Transaction**

|                                                   |   |                                                         |    |                                            |   |    |   |
|--------------------------------------------------------|--------|--------------------------------------------------------------|---------|-------------------------------------------------|--------|---------|--------|
|                                                   |   | **Three Months Ended                    September 30, 2008** |    | **Year Ended                    June 30, 2008** |   |
|                                                   |   |                                                              |    |                                                 |   |
| Due to major shareholder/creditor, beginning of period |   | $                                                            | 161,083 |                                            | $      | 109,252 |   |
| Additional borrowings                                  |   |                                                         | 16,612  |                                            |   | 51,831  |   |
| Repayments                                             |   |                                                         | — |                                            |   | — |   |
|                                                   |   |                                                              |         |                                            |        |         |   |
| End of period                                          |   | $                                                            | 177,695 |                                            | $      | 161,083 |   |
|                                                   |   |                                                              |         |                                            |        |         |   |

See Note 7 to the audited financial statements for the years ended June 30, 2008 and 2007.

**Note 8 - Income Taxes**

SFAS No. 109, “Accounting for Income Taxes”, provides for the recognition and measurement of deferred income tax benefits based on the likelihood of their realization in future years. A valuation allowance must be established to reduce deferred income tax benefits if it is more likely than not that, a portion of the deferred income tax benefits will not be realized. Therefore, a valuation allowance equal to the potential deferred tax benefit has been        established in full, resulting in no deferred tax benefit as of the balance sheet dates.

**Note 9 - Earnings (Loss) Per Share**

Basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed assuming the exercise or conversion of common stock equivalent shares, if dilutive, consisting of unissued shares under options and warrants. Since the 1,100,000 shares under outstanding warrants and the potential conversion of the $199,369        convertible debt into 1,993,690 shares are both anti-dilutive due to the Company’s net loss, no diluted per share amounts are presented.

|        |                                                                |
|-------------|---------------------------------------------------------------------|
| **ITEM 2.** | **MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION** |

The following discussion and analysis presents a review of the operating results of Monarch Investment Properties, Inc. (the “Company”) for the three months ended September 30, 2008 and 2007, respectively, and the financial condition of the Company at September 30, 2008. The discussion and analysis should be read in conjunction with the condensed financial statements and accompanying notes included herein, as well as the Company’s audited financial        statements for the years ended June 30, 2008 and 2007 on Form 10-KSB filed with the Securities Exchange Commission.

13

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**Forward-looking Statements**

Statements included in the Quarterly Report filed on Form 10-QSB that do not relate to present or historical conditions are “forward-looking statements.” Forward-looking statements may include, without limitation, statements relating to our plans, strategies, objectives, expectations and intentions and are intended to be made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “believes,”        “forecasts,” “intends,” “possible,” “estimates,” “anticipates,” and “plans” and similar expressions are intended to identify forward-looking statements. Our ability to predict projected results or the effect of events on our operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those        discussed in this document. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward-looking information is based on information available at the time and/or management’s good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to        differ materially from those expressed in the statements. Important factors that could cause actual performance or results to differ materially from those expressed in or implied by, forward-looking statements include, but are not limited to: (i) industry competition, conditions, performance and consolidation, (ii) legislative and/or regulatory developments, (iii) our ability to find to find an acceptable merger candidate, (iv) the effects of adverse general economic conditions, both        within the United States and globally, and (v) other factors described under “Risk Factors” contained in the Company’s Form 10-KSB filed for the fiscal year ended June 30, 2008.

Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligations to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect        thereto or with respect to other forward-looking statements.

**Overview**

We have virtually no operating history and due to the uncertain nature of the markets we address or intend to address, it is difficult to predict our future results of operations.

**Our Business Strategy**

Our current business plan is to serve as a vehicle for the acquisition of or merger or consolidation with a target business. We intend to effect a business combination with a target business which we believe has significant growth potential. The business combination may be with a financially stable, mature company or a company that is in its early stages of development or growth.

14

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On December 18, 2007, we executed a Merger Agreement with All American Home Products, LLC, whereby All American will merge with and into the Company and the Company will be the surviving corporation. The Merger Agreement was amended by the parties on May 24, 2008, in consideration for $100,000.00 paid by All American to us during the fourth quarter of our fiscal year ended June 30, 2008, which will be credited against the amount All American is required to pay pursuant        to the Merger Agreement in assuming certain of the Company’s obligations, as well as all fees and expenses of Strategic Capital Resources, Inc., the Company’s principal stockholder, incurred by it in connection with the Merger. Under the terms of the Merger Agreement, as amended, we will become obligated to issue the holders of All American units of membership interest (“Membership Interests”) one share of our Common Stock for each Membership Interest held at the        effective time of the Merger (“Effective Time”). Any All American warrants outstanding immediately prior to the merger will be automatically converted into warrants to purchase our Common Stock subject to the same terms and conditions of the warrants as otherwise in effect immediately prior to the Effective Time. It is currently anticipated that we will issue to the holders of All American Membership Interest an aggregate of approximately 19,775,000 shares of our restricted        Common Stock. As of the Effective Time, All American’s members will own approximately 94% of the outstanding shares of Common Stock in the post-merger entity, with the existing stockholders of the Company owning approximately 6% of the outstanding shares of Common Stock in the post-merger entity, subject to adjustment under the terms of the Merger Agreement.

We believe, after examining All American’s business plan, interviewing its management, and examining its products and services, that All American presents a desirable merger opportunity for the Company. However, despite this belief we cannot assure you that All American will be able to effect its business plan or compete successfully.

All American is a Florida limited liability company organized on September 15 2006. All American is a distribution and installation company providing impact and storefront windows, doors, accordion shutters, protective panels and other hurricane related products and services to the new construction, commercial and retail markets. All American currently conduct operations through its wholly owned subsidiary, CK Home Products, Inc.

See “Risk Factors” in the Company’s Form 10-KSB for the fiscal year ended June 30, 2008.

The Company does not currently engage in any business activities that provide cash flow. During the next twelve months we anticipate incurring costs and expenses related to filing of Exchange Act reports and investigating and consummating a business combination. Management will fund the costs and expenses to be incurred with such activities through loans or further investment in the Company to be made by them as and when necessary.

15

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**Financial Condition and Changes**

Cash

We have minimal cash and are dependent in the short term on affiliated parties to continue to infuse capital to meet our obligations. There is no assurance that this funding will continue.

Accrued Expenses and Other Liabilities

Accrued expenses at September 30, 2008 and June 30, 2008 consisted primarily of professional fees. Listed below is a summary of the transactions related to accrued expenses and other liabilities:

|                                         |   |                                      |   |                                 |   |                                       |   |   |   |   |
|----------------------------------------------|--------|-------------------------------------------|--------|--------------------------------------|--------|--------------------------------------------|--------|--------|--------|--------|
|                                         |   | **September 30,                    2008** |   | **June 30,                    2008** |   | **Increase                    (Decrease)** |   |
|                                         |   |                                           |        |                                 |        |                                            |   |        |        |   |
| Legal fees                                   |   | $                                         | 40,320 |                                 | $      | 35,737                                     |   | $      | 4,583  |   |
| Accounting fees                              |   |                                      | 2,000  |                                 |   | 10,000                                     |   |   | (8,000 | )      |
| Miscellaneous, other                         |   |                                      | 9,990  |                                 |   | 12,000                                     |   |   | (2,010 | )      |
|                                         |   |                                           |        |                                 |        |                                            |   |        |        |   |
| Total Accrued Expenses and Other Liabilities |   | $                                         | 52,310 |                                 | $      | 57,737                                     |   | $      | (5,427 | )      |
|                                         |   |                                           |        |                                 |        |                                            |   |        |        |   |

The increase in accrued legal fees was the result of costs related to our filing of the registration statement on Form 10-KSB with the Securities and Exchange Commission. Accounting fees decreased as a result of the net between a payment of $10,000 and an additional accrual of $2,000 for the first quarter of 2009.

Convertible Judgment Debt Payable

Listed below is a summary of the transactions related to the JJFN Judgment obtained by JJFN Holdings against us in November 2004. Unpaid portions of the JJFN Judgment bear simple interest at the statutory rate of 9% per annum:

|                                      |   |   |       |   |
|-------------------------------------------|--------|--------|------------|--------|
| Original judgment                         |   | $      | 1,100,000  |   |
| Interest 1999 through June 2005           |   |   | 643,500    |   |
| Partial payment made November 2004        |   |   | (155,000   | )      |
|                                      |   |        |            |   |
|                                      |   |   |       |   |
| Balance, June 30, 2005                    |   |   | 1,588,500  |   |
| Interest June 2005 through June 2006      |   |   | 77,902     |   |
| Amount exchanged for Common Stock         |   |   | (1,500,000 | )      |
|                                      |   |        |            |   |
|                                      |   |   |       |   |
| Balance, June 30, 2006                    |   |   | 166,402    |   |
| Interest July 2006 through June 2007      |   |   | 14,657     |   |
|                                      |   |        |            |   |
|                                      |   |   |       |   |
| Balance, June 30, 2007                    |   |   | 181,059    |   |
| Interest July 27 through June 2008        |   |   | 14,648     |   |
|                                      |   |        |            |   |
|                                      |   |   |       |   |
| Balance, June 30, 2008                    |   |   | 195,707    |   |
| Interest July 2008 through September 2008 |   |   | 3,662      |   |
|                                      |   |        |            |   |
| Balance, September 30, 2008               |   | $      | 199,369    |   |
|                                      |   |        |            |   |

16

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Affiliated Party Debt

To date, our operations have been funded by Strategic Capital Resources, Inc. (“Strategic”) which is controlled by one of our executive officers and our majority shareholder. Listed below is a summary of the transactions related to the debt we owe to Strategic:

|                        |   |   |    |   |
|-----------------------------|--------|--------|---------|--------|
| Balance, June 30, 2008      |   | $      | 161,083 |   |
| Advances                    |   |   | 10,000  |   |
| Interest                    |   |   | 5,112   |   |
| Management Fee              |   |   | 1,500   |   |
|                        |   |        |         |   |
| Balance, September 30, 2008 |   | $      | 177,695 |   |
|                        |   |        |         |   |

**Results of Operations**

We have generated no revenues since our fiscal year ended 1998 and will not generate revenues until, at the earliest, the completion of a business combination. There can be no assurance that we will be able to consummate a business combination on terms acceptable to us and our stockholders or at all.

*Three Months Ended September 30, 2008 Compared to the Three Months Ended September 30, 2007*

General and administrative expenses were $7,383 for the three months ended September 30, 2008, as compared to $74,590 for the three months ended September 30, 2007, a decrease of $67,207. Accounting and Legal expenses for the three months ended September 30, 2008 were lower in 2008 as a result of our filing the Registration Statement on Form 10-SB with the Securities and Exchange Commission in 2007.

|                |   |     |   |     |   |   |   |
|---------------------|--------|----------|--------|----------|--------|--------|--------|
|                |   | **2008** |   | **2007** |   |
|                |   |          |   |          |   |
| Accounting Fees     |   | $        | 2,000  |     | $      | 14,800 |   |
| Legal Fees          |   |     | 2,678  |     |   | 54,176 |   |
| Management Fees     |   |     | 1,500  |     |   | 1,500  |   |
| Stock Transfer Fees |   |     | 315    |     |   | 250    |   |
| Miscellaneous Fees  |   |     | 890    |     |   | 3,864  |   |
|                |   |          |        |     |        |        |   |
| TOTAL               |   | $        | 7,383  |     | $      | 74,590 |   |
|                |   |          |        |     |        |        |   |

Legal and Accounting fees of $54,176 and $14,800, respectively, were related to the filing of the Registration Statement on Form 10-SB filed in 2007 of $54,176 and $10,300, respectively and additional Accounting fees of $4,500 were related to the filing of the Form 10-QSB in 2007. In 2008 we accrued $2,000 for accounting fees related to this years September 30, 2008 filing. The Miscellaneous fees in 2007 were primarily the result of $3,415 in edgarization costs        associated with the filing of the Registration Statement on Form 10-SB.

17

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Interest expense was $8,774 for the three months ended September 30, 2008, compared to $7,757 for the three months ended September 30, 2007, an increase of $1,017. The increase was the result of higher affiliated party debt at September 30, 2008 compared to 2007, resulting in higher interest expense for the three months ended September 30, 2008.

**Liquidity and Capital Resources**

At September 30, 2008, our cash balance was $74 and we had a working capital deficit of $429,300.

The lawsuit filed in June 1999 by JJFN Holdings against us and our subsidiaries resulted in a JJFN Judgment against us for $1,100,000 as well as interest computed at the simple rate of 9% per annum. In November 2004, the former principals of the Company made a partial payment in the amount of $155,000. In December 2005, Strategic agreed to convert $1,500,000 of the then $1,638,000 balance owed to it under the JJFN Judgment into 15,000,000 shares of our Common        Stock.

To date, the Company’s operations have been funded by Strategic which is controlled by the Company’s President. This funding included paying professional fees, interest on the affiliated debt as well as accruing $500 per month for management fees.

For the three months ended September 30, 2008, we had negative cash flows from operating activities of $17,922 compared to negative cash flows of $53,833 for the three months ended September 30, 2007. We have been dependent upon proceeds of loans from Strategic to fund continuing activities. For the three months ended September 30, 2008, our loans from Strategic increased by $16,612.

We currently do not have sufficient cash reserves to meet any of our anticipated obligations for the next twelve months and there can be no assurance we will ultimately obtain the necessary financing. In addition to any third-party financing that may be obtained, we currently expect that loans from our stockholders may be a continuing source of liquidity to meet our obligations. Accordingly, we will need to seek funding in the near future. Our independent auditors have        issued a going concern paragraph in their opinion on the financial statements for the fiscal year ended June 30, 2008 that states there is substantial doubt about our ability to continue as a going concern. The ability to continue as a going concern is dependent on our ability to access capital through debt and equity funding.

**Critical Accounting Policies**

The significant accounting policies are summarized as follows:

Use of Estimates

Our management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with accounting principles generally accepted in the United States of America. Actual results could differ from those estimates.

18

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Fair Value of Financial Instruments

The carrying amounts reported in the balance sheet for cash, accounts payable and accrued expenses, convertible judgment debt payable and stockholder payable approximate their fair market value based on the short-term maturity of these instruments.

Statement of Financial Accounting Standards (“SFAS”) No. 107 requires disclosures about the fair value for all financial instruments, whether or not recognized, for financial statement purposes. Disclosures about fair value of financial instruments are based on pertinent information available to management as of September 30, 2007 and 2006. Accordingly, the estimates presented in these statements are not necessarily indicative of the amounts that could be        realized on disposition of the financial instruments.

Management has estimated the fair values of cash, accounts payable and accrued expenses to be approximately their respective carrying values reported on these statements because of their short maturities.

Our accounting policies and recent accounting pronouncements are described in Note 4 to our audited financial statements for the fiscal years ended June 30, 2008 and 2007 on Form 10-KSB filed with the Securities Exchange Commission.

**Off-Balance Sheet Arrangements**

We do not have any off-balance sheet arrangements, investments in special purpose entities or undisclosed borrowings or debt. Additionally, we are not a party to any derivative contracts or synthetic leases.

|        |                                                          |
|-------------|---------------------------------------------------------------|
| **ITEM 3.** | **QUANTITATIVE AND QUALITATIVE DISCLOURES ABOUT MARKET RISK** |

The Company does not have exposure to many market risks, such as potential loss arising from adverse change in market rates and prices, such as foreign currency exchange and interest rates. We do not hold any derivatives or other financial instruments for trading or speculative purposes.

|        |                        |
|-------------|-----------------------------|
| **ITEM 4.** | **CONTROLS AND PROCEDURES** |

Evaluation of disclosure controls and procedures

The Company’s management, with the participation of its principal executive officer and principal financial officer, evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this report. Based on this evaluation, the principal executive officer and principal financial officer concluded that, as of September 30, 2008, the Company’s        disclosure controls and procedures were effective, at the reasonable assurance level, to ensure that (i) information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission’s (“SEC”) rules and forms and (ii) information required to be disclosed by the Company in the reports that it files or submits        under the Exchange Act is accumulated and communicated to the Company’s management including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

19

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A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objective of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control        issues and instances of fraud, if any, within the Company have been detected. Because of the inherent limitations in a cost- effective control system, misstatements due to error or fraud may occur and not be detected.

Changes in internal controls

Our Certifying Officers have indicated that there were no significant changes in our internal controls or other factors that could significantly affect such controls subsequent to the date of their evaluation, and there were no such control actions with regard to significant deficiencies and material weaknesses.

Sarbanes - Oxley Act 404 compliance

The Company anticipates that it will be fully compliant with Section 404 of the Sarbanes-Oxley Act of 2002 by the required date for smaller reporting companies and it is in the process of reviewing its internal control systems in order to be compliant with Section 404 of the Sarbanes-Oxley Act. However, at this time the Company makes no representation that its systems of internal control comply with Section 404 of the Sarbanes-Oxley Act.

20

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**PART II. OTHER INFORMATION**

|                                                             |                                                                                                    |
|------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|
| **ITEM 1.**                                                      | **LEGAL PROCEEDINGS**                                                                                   |
|                                                             |                                                                                                    |
| None                                                             |                                                                                                    |
|                                                             |                                                                                                    |
| **ITEM 2.**                                                      | **UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**                                         |
|                                                             |                                                                                                    |
| None                                                             |                                                                                                    |
|                                                             |                                                                                                    |
| **ITEM 3.**                                                      | **DEFAULTS UPON SENIOR SECURITIES**                                                                     |
|                                                             |                                                                                                    |
| None                                                             |                                                                                                    |
|                                                             |                                                                                                    |
| **ITEM 4.**                                                      | **SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**                                                 |
|                                                             |                                                                                                    |
| None                                                             |                                                                                                    |
|                                                             |                                                                                                    |
| **ITEM 5.**                                                      | **OTHER INFORMATION**                                                                                   |
|                                                             |                                                                                                    |
| None                                                             |                                                                                                    |
|                                                             |                                                                                                    |
| **ITEM 6.**                                                      | **EXHIBITS**                                                                                            |
|                                                             |                                                                                                    |
| 31.1       –                 | Certification of Principal Executive Officer Pursuant to Section 302 of Sarbanes-Oxley Act of 2002 |
|                                                             |                                                                                                    |
| 31.2       –                 | Certification of Principal Financial Officer Pursuant to Section 302 of Sarbanes-Oxley Act of 2002 |
|                                                             |                                                                                                    |
| 32          – | Certification Pursuant to Section 906 of Sarbanes-Oxley Act of 2002                                |

21

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**SIGNATURES**

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

|                                                                                                                     |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|
| MONARCH INVESTMENT PROPERTIES, INC.                                                                                      |
| (Registrant)                                                                                                             |   |
|                                                                                                                     |   |
| Date: October 10, 2008                                                                                                   |   |
|                                                                                                                     |   |
| By: /s/ Philip Bloom                                                                                                     |
|                                                                                                                          |
| PHILIP BLOOM                                                                                                             |   |
| Treasurer and Chief Financial                    Officer (Principal Financial and                    Accounting Officer) |   |
|                                                                                                                     |   |
| Date: October 10, 2008                                                                                                   |   |
|                                                                                                                     |   |
| By: /s/ David Miller                                                                                                     |
|                                                                                                                          |
| DAVID MILLER                                                                                                             |   |
| President and Director (Principal                                                                                        |   |
| Executive Officer)                                                                                                       |   |

22

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