| xQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   |
|--------------------------------------------------------------------------------------|
|                                                                                 |   |
| For the quarterly period ended September 30, 2010                                    |
|                                                                                 |
| oTRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

| MONARCH INVESTMENT PROPERTIES, INC.                        |
|------------------------------------------------------------|
| (Exact name of registrant as specified in its charter)     |
|                                                       |   |   |
| Nevada                                                     |   | 84-1251553 |
| (State or other jurisdiction                               |   | (I.R.S. Employer |
| of incorporation or organization)                          |   | Identification No.) |
|                                                       |   |   |
| 1801 North Military Trail, Suite 203, Boca Raton, FL       |   | 33431 |
| (Address of principal executive offices)                   |   | (Zip Code) |
|                                                       |   |   |
| (561) 391-6117                                             |
| (Registrant’s telephone number, including area code) |

| Large Accelerated Filer o |   | Accelerated Filer o |   | Non-Accelerated Filer o |   | Smaller Reporting Company x |
|---------------------------|--------|---------------------|--------|-------------------------|--------|-----------------------------|

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|                                                                                                             |                                                                                         |   | Page   |
|------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|--------|--------|
|                                                                                                             |                                                                                         |   |   |   |
| PART I.                                                                                                          | FINANCIAL INFORMATION                                                                        |   |   |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 1.                                                                                                          | Financial Statements                                                                         |   |   |   |
|                                                                                                             |                                                                                         |   |   |   |
| Balance Sheets as of September 30, 2010 (Unaudited) and June 30, 2010                                            |                                                                                         | 4      |   |
|                                                                                                             |                                                                                         |   |   |   |
| Statements of Operations for the Three Months Ended September 30, 2010 and 2009 (Unaudited)                      |                                                                                         | 5      |   |
|                                                                                                             |                                                                                         |   |   |   |
| Statement of Changes in Stockholders’ Deficiency for the Three Months Ended September 30, 2010 (Unaudited) |                                                                                         | 6      |   |
|                                                                                                             |                                                                                         |   |   |   |
| Statements of Cash Flows for the Three Months Ended September 30, 2010 and 2009 (Unaudited)                      |                                                                                         | 7      |   |
|                                                                                                             |                                                                                         |   |   |   |
| Notes to the Unaudited Financial Statements as of September 30, 2010 and 2009                                    |                                                                                         | 8      |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 2.                                                                                                          | Management’s Discussion and Analysis of Financial Condition and Results of Operations. |   | 12     |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 3.                                                                                                          | Quantitative and Qualitative Disclosures About Market Risk.                                  |   | 16     |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 4.                                                                                                          | Controls and Procedures.                                                                     |   | 16     |   |
|                                                                                                             |                                                                                         |   |   |   |
| PART II.                                                                                                         | OTHER INFORMATION                                                                            |   |   |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 1.                                                                                                          | Legal Proceedings.                                                                           |   | 18     |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 1A.                                                                                                         | Risk Factors.                                                                                |   | 18     |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 2.                                                                                                          | Unregistered Sales of Equity Securities and Use of Proceeds.                                 |   | 18     |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 3.                                                                                                          | Defaults Upon Senior Securities.                                                             |   | 18     |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 4.                                                                                                          | (Removed and Reserved).                                                                      |   | 19     |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 5.                                                                                                          | Other Information                                                                            |   | 19     |   |
|                                                                                                             |                                                                                         |   |   |   |
| Item 6.                                                                                                          | Exhibits Index                                                                               |   | 19     |   |
|                                                                                                             |                                                                                         |   |   |   |
| SIGNATURES                                                                                                       |                                                                                         | 20     |   |
|                                                                                                             |                                                                                         |   |   |   |
| EX-31.1  Section 302 Certification of Principal Executive Officer                                           |                                                                                         | 21     |   |
| EX-31.2  Section 302 Certification of Principal Financial Officer                                           |                                                                                         | 22     |   |
| EX-32     Section 906 Certification of Officers                                              |                                                                                         | 23     |   |

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|   | ● | our lack of an operating business and dependence on a related party to pay our operating expenses, |
|--------|---------|----------------------------------------------------------------------------------------------------|
|   | ● | our inability to close a reverse merger or other business combination with an operating entity,    |
|   | ● | our need for additional capital,                                                                   |
|   | ● | our auditors have expressed doubt about our ability to continue as a going concern,                |
|   | ● | conflicts of interest which may impact our officers and directors,                                 |
|   | ● | potential dilution to our stockholders,                                                            |
|   | ● | control by our management,                                                                         |
|   | ● | risks associated with dependence on a single business unit, and                                    |
|   | ● | the lack of liquidity of an investment in our common stock.                                        |

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PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

BALANCE SHEETS

|                                                                                                                 |   | September 30, 2010(Unaudited) |       |   | June 30, 2010 |   |
|----------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|------------|--------|---------------|--------|
| ASSETS                                                                                                               |   |
|                                                                                                                 |   |                          |       |   |          |   |
| CURRENT ASSETS                                                                                                       |   |                          |       |   |          |   |
|  Cash                                                                                                           |   | $                             | 2,146      |   |          | $      | 4,311 |   |
|  Total Current Assets                                                                                           |   |                          | 2,146      |   |          |   | 4,311 |   |
| TOTAL ASSETS                                                                                                         |   | $                             | 2,146      |   |          | $      | 4,311 |   |
|                                                                                                                 |   |                          |       |   |          |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIENCY                                                                       |   |
|                                                                                                                 |   |                          |       |   |          |   |   |   |
| CURRENT LIABILITIES                                                                                                  |   |                          |       |   |          |   |   |   |
| Accrued expenses and other current liabilities                                                                       |   | $                             | 60,366     |   |          | $      | 67,439 |   |
| Convertible judgment debt payable                                                                                    |   |                          | 228,664    |   |          |   | 225,002 |   |
| Affiliated party debt                                                                                                |   |                          | 328,699    |   |          |   | 305,318 |   |
| Total Current Liabilities                                                                                            |   |                          | 617,729    |   |          |   | 597,759 |   |
|                                                                                                                 |   |                          |       |   |          |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                                                                        |   |                          |       |   |          |   |   |   |
|                                                                                                                 |   |                          |       |   |          |   |   |   |
| STOCKHOLDERS’ DEFICIENCY                                                                                       |   |                          |       |   |          |   |   |   |
| Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued and outstanding                     |   |                          | —    |   |          |   | — |   |
| Common stock, $.001 par value, 100,000,000 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                                                                                                  |   |                          | (3,464,993 | )      |          |   | (3,442,858 | ) |
| Total Stockholders’ Deficiency                                                                                 |   |                          | (615,583   | )      |          |   | (593,448 | ) |
| TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIENCY                                                               |   | $                             | 2,146      |   |          | $      | 4,311 |   |

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STATEMENTS OF OPERATIONS

|                                                 |   |  Three Months EndedSeptember 30, |       |
|------------------------------------------------------|--------|---------------------------------------|------------|
|                                                 |   | 2010                                  |       |   | 2009 |   |
|                                                 |   |                                  |       |   |   |   |
| Revenue                                              |   | $                                     | —    |   |   | $ | — |   |
|                                                 |   |                                  |       |   |   |   |   |   |
| General and administrative expenses                  |   |                                  | 9,092      |   |   |   | 5,102 |   |
| Loss from operations                                 |   |                                  | (9,092     | ) |   |   | (5,102 | ) |
|                                                 |   |                                  |       |   |   |   |   |   |
| Other (expenses) income:                             |   |                                  |       |   |   |   |   |   |
| Interest expense                                     |   |                                  | (13,043    | ) |   |   | (10,720 | ) |
|                                                 |   |                                  |       |   |   |   |   |   |
| Net loss                                             |   | $                                     | (22,135    | ) |   | $ | (15,822 | ) |
|                                                 |   |                                  |       |   |   |   |   |   |
| Net loss per common share:                           |   |                                  |       |   |   |   |   |   |
| Basic and fully diluted                              |   | $                                     | (0.001     | ) |   | $ | (0.001 | ) |
|                                                 |   |                                  |       |   |   |   |   |   |
| Weighted average number of common shares outstanding |   |                                  |       |   |   |   |   |   |
| Basic                                                |   |                                  | 16,168,733 |   |   |   | 16,168,733 |   |
| Fully diluted                                        |   |                                  | 16,168,733 |   |   |   | 16,168,733 |   |

----

STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIENCY

|                          |   |            |   | Common Stock |       |   | Additional      |   |   |           |   |   | Stockholders’ |   |
|-------------------------------|--------|-----------------|--------|--------------|------------|--------|-----------------|--------|--------|----------------|--------|--------|---------------------|--------|
|                          |   | PreferredShares |   | Shares       |       |   | Par ValueAmount |   |   | Paid-InCapital |   |   | AccumulatedDeficit  |   |   | DeficiencyTotal |   |
| Balance at June 30, 2010      |   |            |   |         | 16,168,733 |   |            | $      | 16,169 |           |   | $      | 2,833,241           |   |   | $ | (3,442,858 | ) |   | $ | (593,448 | ) |
|                          |   |            |   |         |       |   |            |   |   |           |   |   |                |   |   |   |   |   |   |   |   |   |
| Net Loss                      |   |            |   |         |       |   |            |   |   |           |   |   |                |   |   |   | (22,135 | ) |   |   | (22,135 | ) |
| Balance at September 30, 2010 |   | —         |   |         | 16,168,733 |   |            | $      | 16,169 |           |   | $      | 2,833,241           |   |   | $ | (3,464,993 | ) |   | $ | (615,583 | ) |

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STATEMENTS OF CASH FLOWS

|                                                                        |   | Three Months Ended September 30, |    |
|-----------------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                        |   | 2010                             |    |   | 2009 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                       |   |                             |    |   |   |   |
| Net loss                                                                    |   | $                                | (22,135 | ) |   | $ | (15,822 | ) |
| 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         |   |                             | (7,073  | ) |   |   | (4,172 | ) |
| Increase in convertible judgment debt payable                               |   |                             | 3,662   |   |   |   | 3,662 |   |
| Total adjustments                                                           |   |                             | (3,411  | ) |   |   | (510 | ) |
| Net cash used in operating activities                                       |   |                             | (25,546 | ) |   |   | (16,332 | ) |
|                                                                        |   |                             |    |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                       |   |                             |    |   |   |   |   |   |
| Increase in affiliated party debt                                           |   |                             | 23,381  |   |   |   | 13,559 |   |
| Net cash provided by financing activities                                   |   |                             | 23,381  |   |   |   | 13,559 |   |
| NET (DECREASE) IN CASH                                                      |   |                             | (2,165  | ) |   |   | (2,773 | ) |
| CASH - BEGINNING OF YEAR                                                    |   |                             | 4,311   |   |   |   | 5,179 |   |
| CASH - END OF PERIOD                                                        |   | $                                | 2,146   |   |   | $ | 2,406 |   |
|                                                                        |   |                             |    |   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW DATA:                                                |   |                             |    |   |   |   |   |   |
| Cash paid for interest                                                      |   | $                                | — |   |   | $ | — |   |
|                                                                        |   |                             |    |   |   |   |   |   |
| Cash paid for income taxes                                                  |   | $                                | — |   |   | $ | — |   |

----

Notes to Unaudited Financial Statements

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|                                                 |   | September 30, 2010 |   |   | June 30, 2010 |   |
|------------------------------------------------------|--------|--------------------|--------|--------|---------------|--------|
| Legal fees                                           |   | $                  | 42,269 |   |          | $      | 43,658 |   |
| Accounting and Auditing                              |   |               | 4,500  |   |          |   | 10,000 |   |
| Miscellaneous, other                                 |   |               | 13,597 |   |          |   | 13,781 |   |
| Total accrued expenses and other current liabilities |   | $                  | 60,366 |   |          | $      | 67,439 |   |

----

| 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 June 2009  |   |   | 14,647     |   |
|                                  |   |   |       |   |
| Balance, June 30, 2009                |   |   | 210,354    |   |
| Interest July 2009 through June 2010  |   |   | 14,648     |   |
|                                  |   |   |       |   |
| Balance, June 30, 2010                |   |   | 225,002    |   |
| Interest July 2010 through Sept. 2010 |   |   | 3,662      |   |
|                                  |   |   |       |   |
| Balance, September 30, 2010           |   | $      | 228,664    |   |

|                                                   |   | Three Months EndedSeptember 30, 2010 |    |   | Year EndedJune 30, 2010 |   |
|--------------------------------------------------------|--------|--------------------------------------|---------|--------|-------------------------|--------|
| Due to major shareholder/creditor, beginning of period |   | $                                    | 305,318 |   |                    | $      | 235,318 |   |
| Additional borrowings                                  |   |                                 | 23,381  |   |                    |   | 70,000 |   |
| End of period                                          |   | $                                    | 328,699 |   |                    | $      | 305,318 |   |

----

----

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

|                                         |   | September 30, 2010 |   |   | June 30, 2010 |   |   | Increase (Decrease) |   |
|----------------------------------------------|--------|--------------------|--------|--------|---------------|--------|--------|---------------------|--------|
| Legal fees                                   |   | $                  | 42,269 |   |          | $      | 43,658 |                |   | $ | (1,389 | ) |
| Accounting fees                              |   |               | 4,500  |   |          |   | 10,000 |                |   |   | (5,500 | ) |
| Miscellaneous, other                         |   |               | 13,597 |   |          |   | 13,781 |                |   |   | ( 184 | ) |
| Total Accrued Expenses and Other Liabilities |   | $                  | 60,366 |   |          | $      | 67,439 |                |   | $ | (7,073 | ) |

----

| 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 June 2009      |   |   | 14,647     |   |
|                                      |   |   |       |   |
| Balance, June 30, 2009                    |   |   | 210,354    |   |
| Interest July 2009 through June 2010      |   |   | 14,648     |   |
|                                      |   |   |       |   |
| Balance, June 30, 2010                    |   |   | 225,002    |   |
| Interest July 2010 – September 2010 |   |   | 3,662      |   |
|                                      |   |   |       |   |
| Balance, September 30, 2010               |   | $      | 228,664    |   |

| Balance, June 30, 2010      |   | $      | 305,318 |   |
|-----------------------------|--------|--------|---------|--------|
| Advances                    |   |   | 12,500  |   |
| Interest                    |   |   | 9,381   |   |
| Management Fee              |   |   | 1,500   |   |
| Balance, September 30, 2010 |   | $      | 328,699 |   |

----

|                |   | 2010   |   |   | 2009   |   |
|---------------------|--------|--------|--------|--------|--------|--------|
| Accounting Fees     |   | $      | 4,500  |   |   | $      | 2,000 |   |
| Legal Fees          |   |   | 859    |   |   |   | 518 |   |
| Management Fees     |   |   | 1,500  |   |   |   | 1,500 |   |
| Stock Transfer Fees |   |   | 285    |   |   |   | 240 |   |
| Miscellaneous Fees  |   |   | 1,948  |   |   |   | 844 |   |
| TOTAL               |   | $      | 9,092  |   |   | $      | 5,102 |   |

----

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 4. CONTROLS AND PROCEDURES

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

ITEM 1A. RISK FACTORS

|   | ● | Impair our ability to access additional funds,                                                          |
|--------|---------|---------------------------------------------------------------------------------------------------------|
|   |    |                                                                                                    |
|   | ● | Make it more difficult or costly for us to obtain financing in order to execute our business plan,      |
|   |    |                                                                                                    |
|   | ● | Impair our efforts to identify potential investors and business combination opportunities,              |
|   |    |                                                                                                    |
|   | ● | Significantly affect our ability to issue shares or debt securities to complete a business combination. |

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

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ITEM 4. (REMOVED AND RESERVED).

ITEM 5. OTHER INFORMATION.

ITEM 6. EXHIBIT INDEX

| 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                                |

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SIGNATURES

| MONARCH INVESTMENT PROPERTIES, INC.          |
|----------------------------------------------|
| (Registrant)                                 |
|                                         |
| Date: October 8, 2010                        |
|                                         |
| By:                                          | /s/ Philip Bloom |   |
| Philip Bloom                                 |   |
| Treasurer and Chief Financial Officer        |
| (Principal Financial and Accounting Officer) |
|                                         |
| Date: October 8, 2010                        |
|                                         |
| By:                                          | /s/ David Miller |   |
| David Miller                                 |
| President and Director                       |
| (Principal Executive Officer)                |

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