**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**____________________**

**FORM 10-Q**

**____________________**

**[X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the quarterly period ended March 31, 2010**

**[  ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT**

**For the transition period from ____________ to____________**

**Commission File No. 000-52036**

**GULF & ORIENT STEAMSHIP COMPANY, LTD.**

(Exact name of Registrant as specified in its charter) 
| Colorado

84-1344320

(State or Other Jurisdiction of 

(I.R.S. Employer Identification No.) 

incorporation or organization) 

  

601 South State Street

Salt Lake City, Utah  84101

(Address of Principal Executive Offices) 

(801) 550-5800

(Registrant’s telephone number, including area code) 

N/A 

(Former name, former address and former fiscal year, 

if changed since last report) 

Indicate by check mark whether the Registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) 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 such filing requirements for the past 90 days. Yes [X] No [  ] 

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files).  Yes [  ]   No [  ]

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.  (Check one):

Large accelerated filer [  ]      Accelerated filer [  ]       Non-accelerated filer [  ]      Smaller reporting company [X]

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes [ X] No [  ] 

1

**APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY**

**PROCEEDINGS DURING THE PRECEDING FIVE YEARS**

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. 

Not applicable. 

**APPLICABLE ONLY TO CORPORATE ISSUERS**

Indicate the number of shares outstanding of each of the Registrant’s classes of common stock, as of the latest practicable date:  May 12, 2010 - 1,719,093 shares of common stock.
2

**PART I**

**Item 1.  Financial Statements**

The Financial Statements of the Registrant required to be filed with this 10-Q Quarterly Report were prepared by management and commence below, together with related notes. In the opinion of management, the Financial Statements fairly present the financial condition of the Registrant. 

**GULF & ORIENT**

**STEAMSHIP COMPANY, LTD.**

**UNAUDITED FINANCIAL STATEMENTS**

**For the Three Months Ended****March 31, 2010 and 2009, and the**

**Period of May 9, 1996 (Inception) to March 31, 2010**

3

**GULF & ORIENT STEAMSHIP COMPANY, LTD.**

**(A Development Stage Company)**

CONTENTS

PAGE

BALANCE SHEETS (UNAUDITED)

5

STATEMENTS OF OPERATIONS (UNAUDITED)

6

STATEMENTS OF CASH FLOWS (UNAUDITED)

7

NOTES TO UNAUDITED FINANCIAL STATEMENTS

8

4

**GULF & ORIENT STEAMSHIP COMPANY, LTD.**

**(A Development Stage Company)**

**BALANCE SHEETS**

 

 

March 31,

 

December 31,

 

 

2010

 

2009

ASSETS

 

(unaudited)

 

 

CURRENT ASSETS

 

 

 

 

  Cash

$

  - 

$

    - 

 

 

 

 

 

  TOTAL CURRENT ASSETS

 

  - 

 

    - 

 

 

 

 

 

TOTAL ASSETS

$

  - 

$

    - 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

  Cash drawn in excess of bank balance

$

  - 

$

   330 

  Accounts payable

 

    78,787 

 

 79,229 

  Notes and advances payable - related parties (Note 4)

 

    69,271 

 

 63,507 

 

 

 

 

 

  TOTAL CURRENT LIABILITIES

 

  148,058 

 

  143,066 

 

 

 

 

 

  TOTAL LIABILITIES

 

  148,058 

 

  143,066 

 

 

 

 

 

STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

 

Preferred stock no par value, non-voting,

 

 

 

 

  5,000,000 shares authorized; 0 shares issued

 

 

 

 

  and outstanding

 

  - 

 

 - 

Common stock no par value, 50,000,000

 

 

 

 

  shares authorized; 1,719,093 shares issued 

 

 

 

 

  and outstanding

 

    11,781 

 

 11,781 

Deficit accumulated during development stage

 

 (159,839)

 

   (154,847)

 

 

 

 

 

  TOTAL STOCKHOLDERS’ DEFICIT

 

 (148,058)

 

   (143,066)

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

  - 

$

    - 

See Notes to Financial Statements.

5

**GULF & ORIENT STEAMSHIP COMPANY, LTD.**

**(A Development Stage Company)**

**STATEMENTS OF OPERATIONS**

**(Unaudited)**

 

 

 

 

 

 

Period of

 

 

 

 

 

 

May 9, 1996

 

 

For the Three

 

(Date of

 

 

Months Ended

 

Inception) to

 

 

March 31,

 

March 31,

 

 

2010

 

2009

 

2010

 

 

 

 

 

 

 

Income

$

 - 

$

 - 

$

   - 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

  General and administrative expenses

 

  4,228 

 

  6,439 

 

   142,252 

 Total Expenses

 

  4,228 

 

  6,439 

 

   142,252 

 

 

 

 

 

 

 

Other Income and Expenses

 

 

 

 

 

 

  Interest expense

 

  764 

 

  565 

 

  12,617 

 Total Other Income and Expenses

 

  764 

 

  565 

 

  12,617 

 

 

 

 

 

 

 

LOSS BEFORE TAXES

 

(4,992)

 

(7,004)

 

 (154,869)

 

 

 

 

 

 

 

Provision for Income Taxes

 

 - 

 

 - 

 

   - 

 

 

 

 

 

 

 

NET LOSS

$

 (4,992)

$

 (7,004)

$

 (154,869)

 

 

 

 

 

 

 

LOSS PER COMMON SHARE:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net (loss) per weighted average common share outstanding

$

(0.00)

$

(0.00)

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

 1,719,093 

 

 1,719,093 

 

 

See Notes to Financial Statements.

6

**GULF & ORIENT STEAMSHIP COMPANY, LTD.**

**(A Development Stage Company)**

**STATEMENTS OF CASH FLOWS**

**(Unaudited)**

 

 

 

 

 

 

Period of

 

 

 

 

 

 

May 9, 1009

 

 

For the Three

 

(Date of

 

 

Months Ended

 

inception) to

 

 

March 31,

 

March 31,

 

 

2010

 

2009

 

2010

OPERATING ACTIVITIES

 

 

 

 

 

 

  Net loss

$

 (4,992)

 

 (7,004)

$

  (154,869)

   Adjustments to reconcile net loss to net

 

 

 

 

 

 

     cash used in operating activities:

 

 

 

 

 

 

  Issuance of common stock for payment of expenses

 

   - 

 

   - 

 

  500 

Changes in operating liabilities:

 

 

 

 

 

 

  Increase (decrease) in accounts payable

 

   (442)

 

  4,406 

 

   78,787 

  Increase in accrued interest, notes payable - related parties

 

  764 

 

  565 

 

   12,617 

 

 

 

 

 

 

 

   NET CASH USED IN OPERATING ACTIVITIES

 

 (4,670)

 

 (2,033)

 

 (62,965)

 

 

 

 

 

 

 

FINANCING ACTIVITIES

 

 

 

 

 

 

  Decrease in checks drawn in excess of bank balance

 

   (330)

 

   - 

 

   - 

  Proceeds from notes payable - related parties

 

  5,000 

 

  2,120 

 

   64,154 

  Issuance of common stock for cash

 

   - 

 

   - 

 

  3,811 

  Purchase of treasury stock

 

   - 

 

   - 

 

   (5,000)

 

 

 

 

 

 

 

   NET CASH PROVIDED BY FINANCING ACTIVITIES

 

  4,670 

 

  2,120 

 

   62,965 

 

 

 

 

 

 

 

   NET DECREASE IN CASH

 

   - 

 

 87 

 

   - 

 

 

 

 

 

 

 

   CASH AT BEGINNING OF PERIOD

 

   - 

 

   7 

 

   - 

 

 

 

 

 

 

 

   CASH AT END OF PERIOD

$

   - 

 

 94 

$

   - 

 

 

 

 

 

 

 

SUPPLEMENTAL CASH FLOW DISCLOSURES:

 

 

 

 

 

 

Cash paid for: 

 

 

 

 

 

 

  Interest

$

   - 

$

   - 

$

   - 

  Income taxes

$

   - 

$

   - 

$

   - 

 

 

 

 

 

 

 

SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:

 

 

 

 

 

 

  Issuance of 107,143 shares of common stock for debt settlement

$

   - 

$

   - 

$ 

  7,500 

See Notes to Financial Statements.

7

**GULF & ORIENT STEAMSHIP COMPANY, LTD.**

**(A Development Stage Company)**

**NOTES TO UNAUDITED FINANCIAL STATEMENTS**

**March 31, 2010 and 2009**

**NOTE 1:**

**SUMMARY OF HISTORY AND SIGNIFICANT ACCOUNTING POLICIES**

Nature of Operations

The Company was incorporated in the State of Colorado on May 9, 1996.  The Company originally intended to engage in the business of marine transportation.  These plans did not materialize, and the Company is currently considering alternative business opportunities.

Development Stage Company

The financial statements present the Company as a development stage company in accordance with ASC Topic 915 (SFAS No. 7)*, “Accounting and Reporting by Development Stage Enterprises,”* because of its short operating history and minimal operations.  

Income Taxes

The Company utilizes the liability method of accounting for income taxes as set forth in ASC Topic 740 (SFAS No. 109), *“Accounting for Income Taxes.”*  Under the liability method, deferred taxes are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse.  An allowance against deferred tax assets is recorded when it is more likely than not that such tax benefits will not be realized. 

Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Cash and Cash Equivalents

For purposes of reporting cash flows, the Company considers all highly-liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents.

Revenue Recognition

The Company plans to recognize revenue when the following four conditions are present: (1) persuasive evidence of an agreement exists, (2) the price is fixed or determinable, (3) delivery has occurred or services are rendered, and (4) collection is reasonably assured.

Income (Loss) Per Common Share

Income (Loss) per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the periods presented.  The Company has no potentially dilutive securities, such as preferred stock, options, or warrants, outstanding during the periods presented.  Accordingly, basic and dilutive loss per common share are the same.

Recently Issued Accounting Pronouncements

In June 2009 the FASB established the Accounting Standards Codification ("Codification" or "ASC") as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in accordance with generally accepted accounting principles in the United States ("GAAP"). Rules and interpretive releases of the Securities and Exchange Commission ("SEC") issued under authority of federal securities laws are also sources of GAAP for SEC registrants. Existing GAAP was not intended to be changed as a result of the Codification, and accordingly the change did not impact our financial statements. The ASC does change the way the guidance is organized and presented.

Statement of Financial Accounting Standards ("SFAS") SFAS No. 165 (ASC Topic 855), *"Subsequent Events,"* SFAS No. 166 (ASC Topic 810), *"Accounting for Transfers of Financial Assets-an Amendment of FASB Statement No. 140,"* SFAS No. 167 (ASC Topic 810), *"Amendments to FASB Interpretation No. 46(R),"* and SFAS No. 168 (ASC Topic 105), *"The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles-a replacement of FASB Statement No. 162"* were recently issued. SFAS No. 165, 166, 167, and 168 have no current applicability to the Company or their effect on the financial statements would not have been significant.

Accounting Standards Update ("ASU") ASU No. 2009-05 (ASC Topic 820), which amends Fair Value Measurements and Disclosures - Overall, ASU No. 2009-13 (ASC Topic 605), Multiple-Deliverable Revenue Arrangements, ASU No. 2009-14 (ASC Topic 985), Certain Revenue Arrangements that include Software Elements, and various other ASU's No. 2009-2 through ASU No. 2010-11 which contain technical corrections to existing  guidance or affect guidance to specialized industries or entities were recently issued. These updates have no current applicability to the Company or their effect on the financial statements would not have been significant.

8

**GULF & ORIENT STEAMSHIP COMPANY, LTD.**

**(A Development Stage Company)**

**NOTES TO UNAUDITED FINANCIAL STATEMENTS**

**March 31, 2010 and 2009**

**NOTE 2:**

**INCOME TAXES**

At March 31, 2010, the Company had a net operating loss carryover of $154,869 which expires from 2011 to 2030.

However, due to the fact that the Company will most likely enter a new line of business and has had a change in control, the loss will most likely never be utilized.

At March 31, 2010, the Company had a deferred tax asset in the amount of $52,655.  The amount has been reserved 100% due to the Company’s history of losses.

The increase in the valuation allowance was $1,697 and $2,381 for the periods ended March 31, 2010 and 2009, respectively.

Components of income tax are as follows:

 

 

Periods Ended March 31,

 

 

2010

 

2009

Current

 

 

 

 

Federal

$

-

$

-

State

 

-

 

-

 

 

-

 

-

Deferred

 

-

 

-

 

$

-

$

-

A reconciliation of the provision for income tax expense with the expected income tax computed by applying the federal statutory income tax to income before provision for income taxes is as follows:

 

 

Periods  Ended March 31,

 

 

2010

 

2009

Income tax computed at

 

 

 

 

Federal statutory tax rate of 34%

$

(1,697)

$

(2,381)

Deferred taxes and other

 

1,697

 

2,381

State taxes (net of federal benefit)

 

-

 

-

 

$

-

$

-

The Company complies with the provisions of uncertain tax positions as addressed in ASC 740-10-65-1. As a result of the implementation of ASC 740-10-65-1, the Company recognized approximately no increase in the liability for unrecognized tax benefits.  The Company has no tax position at March 31, 2010 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. No such interest or penalties were recognized during the periods presented. The Company had no accruals for interest and penalties at March 31, 2010. The Company’s utilization of any net operating loss carry forward may be unlikely as a result of its intended development stage activities.

**NOTE 3:**

**COMMITMENTS, CONTINGENCIES AND LEGAL MATTERS**

Management of the Company has conducted a diligent search and concluded that there were no commitments, contingencies, or legal matters pending at the balance sheet dates that have not been disclosed.

9

**GULF & ORIENT STEAMSHIP COMPANY, LTD.**

**(A Development Stage Company)**

**NOTES TO UNAUDITED FINANCIAL STATEMENTS**

**March 31, 2010 and 2009**

**NOTE 4:**

**NOTES PAYABLE - RELATED PARTIES**

At March 31, 2010, the Company owed $69,271 to related parties for money advanced to the Company or expenses paid on behalf of the Company; $31,734 is non-interest bearing, $2,600 bears annual interest at 24%, $1,000 bears annual interest at 18%, $17,820 bears annual interest at 9%, and $3,500 bears annual interest at 7%.  The Company received proceeds from these related parties of $5,000 and $2,120 during the periods ended March 31, 2010 and 2009, respectively, and did not make any repayments during those periods.  Total principal and accrued interest at March 31, 2010, was $56,654 and $12,617, respectively, resulting in total payable balance of $69,271.

During the year ended December 31, 2007, the Company converted two notes into its common stock. One note for $5,000 was due on October 13, 2005 and accrued a total interest of $2,500 on that date.  This note was converted to common stock at $.07 per share for 71,429 shares.  The $2,500 interest on the note is still outstanding and is included in the note payable balance at March 31, 2010. 

A second note for $2,500 was converted to common stock during the year ended December 31, 2007, at $.07 per share for 35,714 shares. Accrued interest on the note was not converted and is included in the note payable balance at March 31, 2010.

**NOTE 5:**

**STOCK TRANSACTIONS**

Shortly after inception in May 1996, the Company raised $811 from various individuals from the sale of its common stock.  A Form “D” was filed with the Securities and Exchange Commission to report the sales.  $3,000 was also raised from the sale of preferred stock, which was later cancelled during an ownership change of the Company.  50,000 shares of common stock were issued in 2003 for services valued at $500.

The preferred stock has the following preferences: [a] the stock is non-voting; [b] holders of the stock have the right to receive a mandatory dividend of 10% of the Company’s adjusted gross profit as reflected on the annual tax return, and the dividend is to be paid within ten days of the filing of the tax return (to date no dividends have been required to be paid); [c] upon dissolution or winding up of the Company, 10% of the Company’s assets shall be distributed to the holders of the preferred stock prior to division and distribution of assets to the holders of the Company’s common stock.

In April 2005, the Company purchased and cancelled 59,050 shares of its common stock.  The Company paid $5,000 for the shares.

In March 2007, the Company converted two notes totaling $7,500 into 107,143 shares of its common stock (Note 4). 

**NOTE 6:**

**GOING CONCERN**

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.  At March 31, 2010, the Company had an accumulated deficit of $159,839 and a working capital deficit of $148,058.

The Company’s continued existence is dependent on its ability to generate sufficient cash flow to cover operating expenses and to invest in future operations.  Management is actively pursuing possible business opportunities.  The Company will look to related parties to fund continuing operations until a suitable business opportunity is identified.

**NOTE 7:  SUBSEQUENT EVENTS**

The Company has evaluated events from March 31, 2010, through the date whereupon the financial statements were issued and has determined that there are no additional items to disclose.

10

**Item 2.** **Management’s Discussions and Analysis of Financial Condition and Results of Operations.**

**Forward-looking Statements**

Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and our business, including, without limitation, (i) our ability to raise capital, and (ii) statements preceded by, followed by or that include the words “may,” “would,” “could,” “should,” “expects,” “projects,” “anticipates,” “believes,” “estimates,” “plans,” “intends,” “targets” or similar expressions.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which we may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our current or potential business and related matters.

Accordingly, results actually achieved may differ materially from expected results in these statements.  Forward-looking statements speak only as of the date they are made.  We do not undertake, and specifically disclaim, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.

**Plan of Operations**

Our plan of operation for the next 12 months is to: (i) consider guidelines of industries in which we may have an interest; (ii) adopt a business plan regarding engaging in the business of any selected industry; and (iii) to commence such operations through funding and/or the acquisition of a going concern engaged in any industry selected. 

During the next 12 months, our only foreseeable cash requirements will relate to maintaining our good standing; the payment of our Securities and Exchange Commission and Exchange Act reporting filing expenses, including associated legal and accounting fees; costs incident to reviewing or investigating any potential business venture; and maintaining our good standing as a corporation in our state of organization.  We anticipate that these funds will be provided to us in the form of loans from Michael Vardakis, our current President.  There are no written agreements requiring Mr. Vardakis to provide these cash resources; and to the extent funds are provided, such funds will bear interest and will be due on demand.  As of the date of this Quarterly Report, we have not actively begun to seek any business or acquisition candidate.  

**Results of Operations**

We have generated no profit since inception.  We had a net loss of ($4,992) and ($7,004) for the three months ended March 31, 2010, and 2009, respectively.  Since our inception on May 9, 1996, cumulative losses to March 31, 2010, total ($154,869). Primarily all of these losses are the result of legal and accounting expenses.

**Liquidity**

We have cash of $0 as of March 31, 2010.

During the next 12 months, our only foreseeable cash requirements will relate to the payment of our Securities and Exchange Commission and Exchange Act reporting filing expenses, including associated legal and accounting fees; costs incident to reviewing or investigating any potential business venture; and maintaining our good standing as a corporation in our state of organization.  We do not have any cash reserves to pay for our administrative expenses for the next 12 months.  In the event that additional funding is required in order to keep us in good standing, we may attempt to raise such funding through loans or through additional sales of our common stock. 

11

**Item 3.  Quantitative and Qualitative Disclosures About Market Risk.**

Not required.

**Item 4T.  Controls and Procedures.**

**Evaluation of disclosure controls and procedures**

Our management, with the participation of our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) under the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q.  In designing and evaluating the disclosure controls and procedures, our management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.  In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.  The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. 

Based on that evaluation, our chief executive officer and chief financial officer concluded that, as of March 31, 2010, our disclosure controls and procedures were, subject to the limitations noted above, effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules, regulations and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. 

**Changes in internal control over financial reporting**

Our management, with the participation of the chief executive officer and chief financial officer, has concluded there were no significant changes in our internal controls over financial reporting that occurred during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. 

**PART II - OTHER INFORMATION**

**Item 1. Legal Proceedings.**

None; not applicable. 

**Item 1A.  Risk Factors.**

Not required.

**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.**

None; not applicable. 

**Item 3. Defaults Upon Senior Securities.**

None; not applicable. 

**Item 4. (Removed and Reserved).**

**Item 5. Other Information.**

None; not applicable.

12

**Item 6. Exhibits.**

**Exhibit No. **                       **Identification of Exhibit**

31.1 

  

31.2

  

32 

Certification Pursuant to Section 302 of the Sarbanes-Oxley Act provided by Michael Vardakis, President and Director.

Certification Pursuant to Section 302 of the Sarbanes-Oxley Act provided by Melissa Ladakis, Secretary, Treasurer and Director

Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 provided by Michael Vardakis, President and Melissa Ladakis,  Secretary/Treasurer, and Director. 

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized 

  

**Gulf & Orient Steamship Company, Ltd.**

*Date:*

*May 18, 2010*

  

*By:*

*/s/Michael Vardakis*

  

  

  

  

*Michael Vardakis, President  and Director*

*Date:*

*May 18, 2010*

  

*By:*

*/s/Melissa Ladakis*

  

  

  

  

*Melissa Ladakis ,Secretary,  Treasurer and Director*

** **

13 |
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