UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

[x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended: December 31, ~~2009~~ 2010

[] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Commission File No. 000-52330

BYGlobal ~~DESIGN, INC~~Gate Property Corp.

(Exact ~~Name~~ name of ~~Small~~registrant ~~Business Issuer~~ as specified in its charter)

Nevada	20-3305472
(State or other jurisdiction	(IRS Employer File Number)
of incorporation)
of incorporation or organization)

2519 East Kentucky Ave.
400 Park Avenue, Suite 1440
Denver, CO	80209
New York, NY	10022
(Address of principal executive offices)	(zip code)

(~~303~~860) ~~660~~ 604-~~6964~~5892

(Registrant's telephone number, including area code)

Securities Registered Pursuant to Section 12(b) of the Act: None

Securities Registered Pursuant to Section 12(g) of the Act:

Common Stock, $.0.001 per share par value

Indicate by check mark if registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [] No [X].

Indicate by check mark if registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act.

Yes [] No [X].

Indicate by check mark whether the registrant (1) has filed all ~~Reports~~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 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 (Section 232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit and post such files). Yes [] No [ ]

~~Check~~Indicate ~~if there~~by ischeck nomark if disclosure of delinquent filers inpursuant ~~response~~ to Item 405 of Regulation S-K is not contained inherein, ~~this form~~ and ~~no disclosure~~ will not be contained, to the best of ~~Registrant'~~registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K. or any amendment to this Form 10-K [X ]

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 definitions of “large accelerated filer,” “accelerated filer,” and “small reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] (Do not check if a smaller reporting company) 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 [] No [X].

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter: approximately $790.20 per share as of June 30,~~000~~ 2010.

As of April 12, 2011, there were 50,033,333 shares outstanding of the registrant’s common stock.

FORM 10-K

~~By Design,~~Global ~~Inc~~Gate Property Corp.

INDEX

PART I	Page
Item 1. Business	21
Item 1A. Risk Factors	64
Item 2. Property	12
Item 2. Properties	7
Item 3. Legal Proceedings	127
Item 4. Submission of Matters to a Vote of Security Holders	12
Item 4. Reserved	7
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	128
Item 6. Selected Financial Data	15
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations	158
Item 7A. Quantitative and Qualitative Disclosures About Market Risk	18
Item 8. Financial Statements and Supplementary Data	1813
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures	1914
Item 9A(T). Controls and Procedures	19
Item 9A. Controls and Procedures	14
Item 9B. Other Information	2015
PART III
Item 10. Directors, Executive Officers and Corporate Governance	2016
Item 11. Executive Compensation	2117
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	2119
Item 13. Certain Relationships and Related Transactions, and Director Independence	2219
Item 14. Principal Accountant Fees and Services	2220
Item 15. Exhibits Financial Statement Schedules	23
Item 15. Exhibits and Financial Statement Schedules	21
Financial Statements pages	F-1 to F-1318
Signatures	24

~~- 2~~For purposes of this document, unless otherwise indicated or the context otherwise requires, all references herein to “Global Gate”, “the Company”, “we,” “us,” and “our,” refer to Global Gate Property Corp., a Nevada corporation and our wholly-owned subsidiaries. Except as we might otherwise specifically indicate, all references to “us” include our subsidiaries.

For purposes of this document, unless otherwise indicated or the context otherwise requires, all references herein to “BYDE,” “By Design,” “we,” “us,” and “our,” refer to By Design, Inc., a Nevada corporation and our wholly-owned subsidiaries. Except as we might otherwise specifically indicate, all references us include our subsidiaries.

Forward-Looking Statements

The following discussion contains forward-looking statements regarding us, our business, prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause our actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. Factors that may affect such forward-looking statements include, without limitation: our ability to successfully develop new products and services for new markets; the impact of competition on our revenues, changes in law or regulatory requirements that adversely affect or preclude clients from using us for certain applications; delays our introduction of new products or services; and our failure to keep pace with our competitors.

When used in this discussion, words such as "believes", "anticipates", "expects", "intends" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. We undertake no obligation to revise any forward-looking statements in order to reflect events or circumstances that may subsequently arise. Readers are urged to carefully review and consider the various disclosures made by us in this report and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect our business.

PART I

Item 1. ~~DESCRIPTION OF~~ BUSINESS.

General

We ~~are~~market ~~a Nevada~~real ~~corporation.~~estate ~~Our~~in ~~principal~~the ~~business~~United ~~address~~States isto ~~2519~~domestic ~~East~~and ~~Kentucky~~international ~~Ave.~~purchasers, ~~Denver~~ through our majority owned subsidiary, ~~Colorado~~Macoy ~~80209~~Capital Partners Inc., ~~Our~~or ~~telephone~~Macoy, ~~number~~and isthrough ~~(303)~~our ~~660-6964~~wholly owned Hong Kong subsidiary, Global Gate Property Ltd. Weor ~~were incorporated~~GGPL. In ~~under~~January ~~the~~2011, ~~laws~~GGPL ofsigned ~~the~~an ~~State~~agreement with Intero International Franchise Services, LLC, an affiliate of ~~Nevada~~Intero onReal ~~February~~Estate 23Services, ~~2005~~Inc., Weor ~~have active~~Intero, ~~operations~~a U.S. Wereal ~~market~~estate ~~interior~~brokerage ~~and~~firm, ~~exterior~~to ~~design~~provide ~~consulting~~ services to ~~real~~ ~~estate~~China ~~developers~~based ~~and~~investors ~~builders~~interested ~~for~~in ~~their~~the U.S. real estate ~~projects~~market. ~~The~~In ~~sale~~addition, ~~of these~~we ~~consulting~~are ~~services~~creating ~~includes~~a ~~our~~center ~~recommendations~~in ~~for~~China ~~the~~whose ~~purchase~~goal ~~of accessories~~will be to transfer agricultural and ~~architectural~~clean ~~elements~~technology from other countries to be ~~included~~used orin ~~placed~~China. inThis ~~the residential~~center’s ~~and~~objectives ~~commercial~~will ~~spaces,~~be asto ~~built~~advance orthe ~~retrofitted.~~agriculture ~~These~~sector ~~consulting services~~in ~~and~~China ~~associated~~while ~~products~~preserving ~~will~~and beimproving ~~sold~~environmental ~~through~~conditions Byand ~~Design, Inc~~resource use. We ~~currently~~also ~~have~~market nointerior ~~active~~and ~~projects~~exterior indesign Byconsulting ~~Design, Inc~~services to real estate developers and builders for their real estate projects.

WeIn ~~have~~October ~~a subsidiary~~2010 ~~known~~we aspurchased ~~Stone~~a ~~Select,~~51% ~~LLC~~equity ~~which~~interest markets hand-carved interior and exterior natural stone ornamentation and architectural elements Stone Select, LLC’s principal products consist of fireplace surrounds, kitchen range hoods, flooring, base and case trim materials, exterior ornamentation, fountains, planters, , and exterior window and door surrounds. At the present time, most of the sales of Stone Select, LLC come from natural stone fireplace surrounds, kitchen range hoods, and trim materials. At the present time, all of our revenues are generated through our subsidiary, Stone Select, LLC. We currently operate exclusively in ~~the Denver~~Macoy, ~~Colorado~~a ~~Metropolitan~~Los ~~area.~~Angeles Webased ~~market~~real ~~and sell~~estate ~~all~~brokerage ofwhich ~~our~~also ~~products~~provides ~~and~~financing services tofor ~~commercial~~real ~~and~~estate ~~residential builders and interior designers~~purchases. ~~Our target market is a custom home in the three to twenty million dollar price range. We have no website but Stone Select, LLC operates a website at www.stoneselect,us.~~

WeIn ~~were incorporated~~December as2010 awe ~~successor~~signed to an ~~operation~~agreement ~~which~~with ~~began~~Beijing inSino ~~1996.~~Forest ~~The~~Assets ~~predecessor company~~Appraisal ~~was~~Co aLtd ~~sole~~to ~~proprietorship owned by Ms. Deanie Underwood also known as “By Design.” This company provided interior design and refurbishment~~ work ~~similar~~ totogether ~~the present company and averaged two~~ to ~~three~~identify ~~clients~~investment ~~per~~opportunities ~~year but had no activity~~ in the ~~two~~forestry ~~years~~sector ~~prior to be being acquired by us. It was marginally profitable~~ in ~~most years it was operational~~China. We ~~This~~are ~~company~~looking ~~has~~at ~~been absorbed~~a ~~into~~number usof ~~and~~potential issites ~~no longer~~ in ~~existence.~~China Weto ~~acquired~~acquire ~~the~~land ~~assets~~to ofbe ~~this sole~~used ~~proprietorship~~for inforestry, aor ~~tax-free~~where ~~exchange~~there ~~under~~are ~~the~~already ~~Internal~~forestry ~~Revenue~~resources ~~Code in February, 2005~~present.

In ~~July~~addition, ~~2005,~~ we ~~completed~~have a ~~registered~~subsidiary ~~offering~~known ofas ~~our~~Stone ~~common~~Select, ~~shares~~LLC ~~under~~which ~~the provisions~~markets ofhand-carved ~~the~~interior ~~Colorado securities laws~~ and ~~under~~exterior annatural ~~exemption~~stone ~~from~~ornamentation ~~the federal~~and ~~securities~~architectural ~~laws~~elements. Approximately Wetwo ~~sold~~thirds ~~a total~~ of ~~197,802~~our ~~common~~revenues ~~shares~~through atDecember a31, ~~price~~2010 ~~of $0.50~~were ~~per~~generated ~~share~~through toour asubsidiary, ~~total~~Stone ~~of forty investors. We raised a total of $98~~Select,~~901~~ ~~in this offering~~LLC.

~~- 3~~We were incorporated as a successor to an operation which began in 1996. The predecessor company was a sole proprietorship owned by Ms. Deanie Underwood known as “By Design.” This company provided interior design and refurbishment work but had no activity in the two years prior to be being acquired by us. It was marginally profitable in most years it was operational. This company has been absorbed into us and is no longer in existence. We acquired the assets of this sole proprietorship in a tax-free exchange under the Internal Revenue Code in February, 2005.

WeOn ~~have not~~June ~~been~~24, ~~subject~~2010, Deanie J. Underwood, the former President and Chief Executive Officer, and Bradley C. Underwood, one of our then significant shareholders, privately sold 7,197,802 shares of our common stock, constituting approximately 78.3% of our then outstanding shares, to ~~any~~certain ~~bankruptcy~~unaffiliated, ~~receivership~~non-U.S. orpurchasers ~~similar proceeding~~pursuant to separate stock purchase agreements. As a result of the privately-negotiated sales, a change of control of our company occurred. The unaffiliated purchasers purchased the shares for a total of $75,000 in cash, inclusive of related acquisition costs. The terms of the purchase and sale transactions were as a result of arm’s-length negotiations between the sellers and each of the purchasers. Neither party had any relationship with the other prior to the transaction.

~~Organization~~1

~~As of~~On ~~December~~June 3124, ~~2009~~2010, we ~~are~~issued ~~comprised~~an aggregate of ~~one~~40,802,198 ~~corporation~~shares ~~with~~of ~~one majority-owned~~our ~~subsidiary,~~common ~~Stone~~stock ~~Select,~~to ~~LLC.,~~16 ~~and~~unaffiliated ~~a wholly~~non-~~owned~~U.S. ~~subsidiary~~investors, ~~Stone~~ ~~Select~~pursuant ~~Imports,~~to ~~Inc~~separate stock subscription agreements. ~~Unaffiliated~~We ~~third~~received ~~parties,~~total ~~Craig~~gross ~~and Susie~~proceeds ~~Bush~~of $245,210 ~~collectively~~in ~~own~~consideration ~~49%~~for ofthe ~~Stone~~sale ~~Select,~~of ~~LLC~~such shares. We ~~have ownership~~completed ~~and~~the ~~voting~~sale ~~control~~of the new shares in reliance upon the exemption from registration provided by Section 4(2) of ~~51%~~the Securities Act of ~~Stone~~1933 ~~Select,~~and ~~LLC~~Regulation D and Regulation S promulgated thereunder. ~~All~~In connection with issuance of ~~our operations~~the ~~are~~new ~~conducted~~shares ~~through~~on ~~Stone~~June ~~Select~~24, ~~LLC.~~2010, ~~Stone~~we ~~Select~~issued ~~Imports~~40,802,198 ~~Inc~~warrants exercisable at $0. ~~currently~~10 ~~has~~per noshare ~~operations,~~for a 1 year period and we40,802,198 ~~have~~warrants noexercisable ~~plans~~at to$0.20 ~~conduct~~per ~~any~~share ~~operations~~for a 2 year period. The warrants issued with common stock were recorded as additional paid in capital at the ~~future~~estimated fair market value of $383.

In connection with the change in control, Ms. Underwood, our then sole officer, resigned from her positions. Ms. Underwood also resigned as our sole director. Gary S. Ohlbaum, the Group Managing Director of Nourican Trading Ltd., an international investment and advisory firm, was elected to our board of directors and appointed to be our President, Chief Executive Officer and Chief Financial Officer.

On October 22, 2010, we purchased 51% of the outstanding shares of common stock of Macoy, pursuant to a Stock Purchase Agreement with Mitch Ohlbaum, its former sole shareholder. Under the Stock Purchase Agreement, we purchased 510 shares of common stock of Macoy from Mr. Ohlbaum in consideration for $10,000 in cash and 33,333 shares of our common stock valued at $0.01 per share. Macoy’s main focus is to broker residential and commercial loans to the general public. Macoy also provides residential and commercial real estate brokerage services. Mitch Ohlbaum is the brother of Gary S. Ohlbaum, our President, Chief Executive Officer and Chief Financial Officer.

Our principal business address is 400 Park Avenue, Suite 1440, New York, New York 10022. Our telephone number is (860) 604-5892. We were incorporated under the laws of the State of Nevada on February 23, 2005. Our website is www.globalgateproperties.com.

Operations

~~Our original focus is in the Denver~~Currently, ~~Colorado metropolitan area, but~~ we ~~plan~~are ~~to expand~~conducting ~~throughout~~business ~~the~~through ~~State~~GGPL ~~of Colorado. We focus~~ in ~~the broad area of interior design for homes~~Asia, ~~including~~Macoy ~~the wholesale and~~ in ~~retail~~Los ~~sales of imported stone~~Angeles, ~~decorative~~ ~~iron,~~California and ~~carved~~Stone ~~wood~~Select, ~~furniture.~~LLC ~~Our~~(“Stone ~~activities~~Select”) ~~include both working with remodeling projects by contractors and new construction by real estate developers. We can act as a fee-based consultant to our clients~~ in their various projects. We can market interior design consulting services to real estate developers for their real estate projects. The sale of these consulting services includes our recommendations for the ~~purchase of accessories to be placed in the spaces where we may assemble the interiors. These consulting services and associated products will be sold through By Design~~Denver, ~~Inc.~~Colorado ~~We plan to charge a fixed hourly fee to be negotiated on a case-by-case basis~~area. We would also mark up the cost of any products which we would sell in connection with our interior design consulting services. We currently have no active projects and generate no revenue in By Design, Inc.

We have a subsidiary known as Stone Select, LLC which markets hand-carved interior and exterior natural stone ornamentation and architectural elements. Stone Select, LLC’s principal products consist of fireplace surrounds, kitchen range hoods, flooring, including base and case, and window and door surrounds. At the present time, most of the sales of Stone Select, LLC come from fireplace surrounds and kitchen range hoods and trim materials. At the present time, all of our revenues are generated through our subsidiary, Stone Select, LLC. We currently operate exclusively in the Denver, Colorado Metropolitan area. We market and sell all of our products and services to commercial and residential builders and interior designers. We sell our products between the manufacturer and customer and carry limited inventories, for direct sale and as sample products for order. Our target market is a custom home in the three to twelve million dollar price range. We have no website, but Stone Select, LLC operates a website at www.stoneselect,us.GGPL

We ~~market and~~are ~~sell~~conducting ~~all~~business ofin Asia through our ~~products~~100% ~~and~~owned ~~services~~Hong toKong ~~commercial~~subsidiary, ~~and~~GGPL, ~~residential~~which ~~builders and~~assists ~~interior~~Asian ~~designers~~investors to acquire international real estate. In ~~Our~~January ~~target~~2011 ~~market~~GGPL issigned an agreement with Intero International Franchise Services, LLC, an affiliate of Intero Real Estate Services, Inc. (“Intero”), a ~~custom~~U.S. ~~home~~real inestate ~~the~~brokerage ~~three~~firm, to ~~twenty~~ ~~million~~work ~~dollar~~together ~~price~~to ~~range~~promote US real state in the Shanghai, China market.

~~We currently~~Macoy ~~work~~Capital ~~with four main clients: Trillium Homes; Landmark Homes; Bond General Contractors; and Casey Jones~~Partners, ~~home contractor~~Inc. All are private companies doing construction in the Denver, Colorado market. Each of these four developers builds custom homes in the three to twenty million dollar price range. In addition, to a lesser degree, we also work with Mesa Properties and Alexander Homes, who are also private companies doing construction in the Denver, Colorado market. We continuously look for referrals from builders and architects who work in this target market. One of the architects with whom we work is Mr. Craig Bush, who, with his wife, own 49% of Stone Select, LLC. We have no website, but Stone Select, LLC operates a website at www.stoneselect,us.

We ~~import all~~are ofconducting business in the Los Angeles, California metropolitan area through our ~~products~~majority-owned ~~from~~subsidiary, ~~China~~Macoy. Macoy’s Wemain ~~have~~focus ~~one~~is ~~supplier~~to inbroker ~~China~~residential and commercial loans to the general public. ~~All~~Most of ~~the products~~these loans are ~~sold~~of on a ~~custom~~generic ~~design~~nature ~~basis.~~and Asare afunded ~~result~~through normal channels, wewhile doothers ~~not~~are ~~carry~~arranged ~~a substantial~~through ~~inventory~~various private sources depending on the requirements of ~~products~~the transaction. Macoy also provides residential and commercial real estate brokerage services.

At the present time, we have no plans to raise any additional funds within the next twelve months. Any working capital will be expected to be generated from internal operations. In the event that we need additional capital, Ms. Underwood has agreed to loan such funds as may be necessary through December 31, 2010 for working capital purposes. However, we reserve the right to examine possible additional sources of funds, including, but not limited to, equity or debt offerings, borrowings, or joint ventures. Limited market surveys have never been conducted to determine demand for our products and services. Therefore, there can be no assurance that any of its objectives will be achieved.2

~~- 4~~Stone -Select, LLC

~~In addition~~Stone weSelect ~~plan~~focuses toin ~~expand~~the ~~through~~broad ~~acquisition.~~area Weof ~~will~~interior ~~not~~design ~~only~~for ~~look~~homes, atincluding ~~our present~~the ~~industry~~wholesale ~~but~~and ~~will~~in ~~reserve~~retail ~~the~~sales ~~right~~of toimported ~~investigate and~~stone, ifdecorative ~~warranted~~iron, ~~merge~~ ~~with~~and orcarved ~~acquire~~wood ~~the~~furniture. Stone ~~assets~~Select orimports ~~common~~all ~~stock~~ of anits ~~entity~~products ~~actively~~from ~~engaged in business which generates revenues~~China. We ~~will~~have ~~seek~~one ~~opportunities~~supplier ~~for~~in ~~long-term growth potential as opposed to short-term earnings~~China. All As of the ~~date~~products ~~hereof,~~are ~~we have~~sold noon ~~business~~a ~~opportunities~~custom ~~under~~design ~~investigation~~basis. As ~~None~~a ~~of our officers~~result, ~~directors,~~ orwe ~~affiliates~~do ~~have~~not ~~engaged~~carry ina ~~any~~substantial ~~preliminary~~inventory ~~contact or discussions with any representative~~ of ~~any other company regarding the possibility of an acquisition or merger between us and such other company~~products.

Recent Developments

On December 1, 2010, we announced the execution of a Memorandum of Understanding with China’s largest dedicated forestry valuation company, Beijing Sino Forest Assets Appraisal Co Ltd., or BSFAA, to work together on identifying opportunities in and promoting China’s forestry sector. Under the Agreement, we have access to BSFAA’s offices and network across China, and the parties will work together to identify investment opportunities, raise capital for projects and develop the forestry sector in China.

On January 31, 2011, our Hong Kong subsidiary, Global Gate Property Ltd, reached an agreement with Intero to form Intero Shanghai in order to provide a range of services to China based investors interested in the U.S. real estate market.

We plan to expand through acquisitions. We will not only look at our present industry but will reserve the right to investigate and, if warranted, merge with or acquire the assets or common stock of other entities. We will seek opportunities for long-term growth potential and short-term earnings. As part of our acquisition and expansion strategy, we are engaged in discussions with a number of potential partners, businesses and investment opportunities.

Markets

Our marketing plan is focused ~~completely~~ on ~~developing~~identifying ~~our~~suitable ~~customer~~investment ~~base~~ and ~~individual~~ ~~projects.~~acquisition Weopportunities, ~~utilize~~and developing the ~~expertise~~customer base of our ~~officers~~subsidiary ~~to develop our business. In addition~~companies, wein ~~continually~~particular ~~identify~~the ~~commercial~~recently -formed ~~light~~GGPL ~~industrial real~~following ~~estate~~its ~~space~~agreement ~~adequate~~with ~~for~~Intero. We ~~displaying~~are ~~stone,~~seeking ~~iron,~~to ~~and~~expand ~~carved~~Macoy’s ~~wood~~business ~~products for~~through ~~use~~international ~~by the interior design and construction trades~~clients.

Each ~~Officer~~ officer and ~~Director~~director utilizes his or her previous contacts in business to develop potential opportunities. We also use consultants and business partners.

Raw Materials

We do not use raw materials in our business. We acquire finished products from our two suppliers. However, the use of and ability to acquire raw materials could be a material factor in our operations if our suppliers cannot obtain sufficient raw materials to provide us with finished products. However, we have found raw materials to be readily available and not a material factor at the present time.

Clients and Competition

~~We currently~~The ~~work~~markets ~~with~~in ~~four~~which ~~main~~we ~~clients,~~operate ~~who~~ are ~~custom~~highly ~~builders:~~competitive ~~Trillium Homes; Landmark Homes; Bond General Contractors;~~ and ~~Casey Jones~~fragmented, ~~home~~with ~~contractor.~~limited ~~All are~~barriers ~~private~~to ~~companies~~entry ~~doing construction~~ in ~~the~~certain ~~Denver, Colorado market~~segments. We ~~Each~~face ~~of these~~competition ~~four~~from ~~developers builds custom homes in the three to twenty million dollar price range. In addition, to~~ a ~~lesser~~variety ~~degree,~~of ~~we also work with Mesa Properties and Alexander Homes, who are also private companies doing construction in the Denver, Colorado market~~sources.

~~With respect to our four main clients, we rely upon them collectively for a majority of our revenues. In 2009, sales to Stone Select, LLC.~~Macoy’s ~~four~~clients ~~largest~~are ~~customer were~~primarily ~~approximately~~in ~~55% of its total net sales, with~~ the ~~largest~~Los ~~customer accounting~~Angeles ~~for approximately 20% of sales~~area, ~~and~~seeking ~~the~~finance ~~others between 10% and 13%. In 2008, sales to Stone Select, LLC.’s four largest customer were also approximately 55% of its total net sales, with the largest customer accounting~~ for ~~approximately~~residential ~~20%~~property ~~of sales, and the others between 10% and 13%~~purchases. There ~~Each~~is ~~of these~~significant ~~four~~competition ~~developers~~from ~~builds~~other ~~custom~~brokers ~~homes in the three to twelve million dollar price range~~ and ~~are~~banks ~~affected by market trends~~ in ~~that~~this segment of the real estate industry. We believe that we have a good relationship with each of them. Mr. Craig Bush, who, with his wife, own 49% of Stone Select, LLC., provides architectural services to our clients from time to time. However, their use of our products remains dependent upon their ability to market ~~homes~~. ~~We also receive referrals from contractors for remodeling and new construction.~~

~~Backlog~~Stone Select relies upon four main clients for a majority of its revenues. Each of these four developers builds custom homes in the three to twelve million dollar price range and are affected by market trends in that segment of the real estate industry. Mr. Craig Bush, who, with his wife, own 49% of Stone Select, provides architectural services to our clients from time to time. However, their use of our products remains dependent upon their ability to market homes.

~~At December~~Raw ~~31, 2009, we had no backlogs.~~Materials

We do not use raw materials in our business. We acquire finished products from our suppliers. The use of and ability to acquire raw materials could be a material factor in our operations if our suppliers cannot obtain sufficient raw materials to provide us with finished products,.

Employees

WeAt ~~have~~December ~~two full-time employees~~31, ~~our President~~2010, ~~Ms.~~we ~~Deanie~~have ~~Underwood,~~three ~~President~~employees and ~~Mr. Bradley Underwood, Secretary-Treasurer. None of~~ our ~~employees~~relations ~~draws~~with ~~a salary. We reimburse~~ our employees ~~for~~are ~~all necessary and customary business related expenses~~satisfactory.

We have no plans or agreements which provide health care, insurance or compensation on the event of termination of employment or change in our control.

We do not pay our Directors separately for any Board meeting they attend.

- 5 -

Proprietary Information

We own no proprietary information.

Government Regulation

Since we are associated with the real estate industry, all of our projects have and will require local governmental approval with respect to zoning and construction code compliance. We will only require government approval on a project-by-project basis and only when we have projects pending. The extent of the approval varies with the project and the jurisdiction and cannot be quantified except as it relates to specific projects.

We believe the effect of complying with existing or probable governmental regulations is a managed cost of our business operations but could be significant. Each real estate project requires prior government approval. However, the cost cannot be quantified except as it relates to specific projects.

We believe that the cost of compliance with federal, state and local environmental laws will not be significant because we do not plan to choose projects which are subject to significant environmental costs or regulations. In any case, we plan to choose our projects to minimize the effects of governmental regulations. At the present time, we are not awaiting any governmental approvals.

Research and Development

We have never spent any amount in research and development activities.

Environmental Compliance

We believe that we are not subject to any material costs for compliance with any environmental laws.

How to Obtain Our SEC Filings

We file annual, quarterly, and special reports, proxy statements, and other information with the Securities Exchange Commission (the “SEC”). Reports, proxy statements and other information filed with the SEC can be inspected and copied at the public reference facilities of the SEC at 100 F Street N.E., Washington, DC 20549. Such material may also be accessed electronically by means of the SEC's website at www.sec.gov.

Our investor relations department can be contacted atvia ~~our~~email ~~principal~~to ~~executive office located at our principal office, located at 2519 East Kentucky Ave~~[email protected].~~, Denver, Colorado 80209. Our telephone number is (303) 660-6964.~~

~~Item 1A. RISK FACTORS.~~3

Item 1A. RISK FACTORS

You should carefully consider the risks and uncertainties described below and the other information in this document before deciding to invest in shares of our common stock.

The occurrence of any of the following risks could materially and adversely affect our business, financial condition and operating result. In this case, the trading price of our common stock could decline and you might lose all or part of your investment.

~~- 6~~We -have a history of losses. Our losses may continue in the future. We have a large working capital deficit and negative stockholders equity, which increased from the previous year. We are dependent on loans from our shareholders and other creditors. We may never sustain profitability on a consistent basis. As a result, we could go out of business.

Our revenues for the fiscal year ended December 31, 2010 were $310,833. We ~~have~~ had a ~~history~~net loss of ~~losses. Although~~$336,714 wefor ~~are~~this ~~profitable~~period. inOur ~~our~~revenues ~~most recent~~for ~~two~~the fiscal ~~years~~year ended December 31, ~~our~~2009 ~~losses~~were ~~may~~$283,881, ~~continue~~with ina ~~the~~net ~~future~~profit of $6,423. We have had a ~~large~~history of losses because we were unable to generate sufficient revenues to be profitable. At December 31, 2010, we had a working capital deficit of $253,945 and a negative stockholders equity of $194,954. ~~which increased~~At ~~from~~December ~~the~~31, ~~previous~~2009 ~~year~~we had negative stockholders equity of $334,206. We ~~may~~cannot ~~never~~guarantee ~~sustain~~that ~~profitability~~we onwill ever become a ~~consistent~~ ~~basis.~~profitable Ascompany and, as a result, we could go out of business.

Our revenues for the fiscal year ended December 31, 2009 were $283,881. We had a net profit of $6,423 for this period. Our revenues for the fiscal year ended December 31, 2008 were $610,992. We had a net profit of $61,217 for this period. We have had a history of losses because we were unable to generate sufficient revenues to be profitable. At December 31, 2009 we had a working capital deficit and a negative stockholders equity of $334,206. At December 31, 2008 we had negative stockholders equity of $211,043. We have been profitable in our most recent two fiscal years. We cannot guarantee that we will continue to be a profitable company. We may never become profitable on a consistent basis, and, as a result, we could go out of business.

Because we have a large working capital deficit, our accountants have expressed doubts about our ability to continue as a going concern.

For the fiscal years ended December 31, ~~2009~~2010 and ~~2008~~2009, our accountants have expressed doubt about our ability to continue as a going concern as a result of our working capital deficit. Our ability to achieve and maintain profitability and positive cash flow is dependent upon:

● our ability to locate clients who will ~~purchase~~use ~~our products~~ and ~~use~~pay for our services; and ● our ability to generate significant revenues.

Based upon current plans, we may incur operating losses in future periods because we may, from time to time, be incurring expenses but not generating sufficient revenues. We ~~expect~~anticipate ~~approximately~~considerably ~~$135~~expanding operations,~~000~~ inincluding ~~operating~~through ~~costs~~acquisitions, ~~over~~so ~~the~~it ~~next twelve~~is ~~months.~~difficult for us to predict income and expenses. We cannot guarantee that we will be successful in generating sufficient revenues or other funds in the future to cover ~~these~~our operating costs. Failure to generate sufficient revenues, without obtaining adequate sources of funding, will cause us to go out of business.

We are only minimally capitalized. Because we are only minimally capitalized, we expect to experience a lack of liquidity for the foreseeable future in our ongoing operations. We will seek to adjust our expenses as necessary to prevent cash flow or liquidity problems. However, we ~~expect we~~ will need additional financing ~~of some type~~, which we do not now possess, to fully develop our operations. We expect to rely principally upon our ability to raise additional financing, the success of which cannot be guaranteed. We will look at both equity and debt financing, including loans from our ~~principal shareholder~~shareholders. However, at the present time, we have no definitive plans for financing in place~~, other than the funds which have previously been loaned to us by Ms~~. ~~Underwood. In the event that we need additional capital, Ms. Underwood has agreed to loan such funds as may be necessary through December 31, 2010 for working capital purposes.~~ To the extent that we experience a substantial lack of liquidity, our development ~~in accordance with our proposed~~ plan may be delayed or indefinitely postponed, our operations could be impaired, we may never become profitable, fail as an organization, and our investors could lose some or all of their investment.

Our limited operating history makes it difficult for us to evaluate our future business prospects and make decisions based on those estimates of our future performance. As a result, an investor could lose his entire investment.

~~The concept~~We ~~for~~have ~~our~~a ~~business~~limited ~~was~~operating ~~developed in 1996. However~~history, weand ~~had~~ no ~~revenues~~operating ~~from 2003~~history ~~until~~in ~~2006.~~the ~~Even~~business ~~though~~areas wein ~~have~~which ~~operated as a corporation since 2005,~~ we ~~have~~ aare ~~limited~~seeking ~~operating~~to ~~history~~expand operations. This ~~factor~~ makes it difficult to evaluate our business on the basis of historical operations. As a consequence, our past results may not be indicative of future results. Although this is true for any business, it is particularly true for us because of our limited operating history and expansion into additional business sectors. Reliance on historical results may hinder our ability to anticipate and timely adapt to increases or decreases in sales, revenues or expenses. For example, if we overestimate our future sales for a particular period or periods based on our historical growth rate, we may increase our overhead and other operating expenses to a greater degree than we would have if we correctly anticipated the lower sales level for that period and reduced our controllable expenses accordingly. If we make poor budgetary decisions as a result of unreliable historical data, we could continue to incur losses, which may result in a decline in our stock price.

- 7 -

Our operations are subject to our ability to successfully market our services and products. We have no substantial history of being able to successfully market our services and products. If we cannot successfully market our services and products, we may never become profitable and an investor could lose his entire investment.

Our operations will depend, among other things, upon our ability to develop and to market our services and products, toin the ~~residential~~case ~~and~~of ~~commercial~~Macoy ~~builders. We market interior~~ and ~~exterior~~Global ~~design~~Gate ~~consulting~~Property ~~services~~Ltd to real estate ~~developers~~ ~~and~~investors ~~builders for their real estate projects. The sale of these consulting services includes our recommendations for the purchase of accessories and architectural elements to be included or placed~~ in the ~~residential~~US and ~~commercial~~ ~~spaces~~Asia, ~~as built or retrofitted. These consulting services~~ and ~~associated~~ ~~products~~for ~~will be sold through By Design, Inc. Our subsidiary, known as~~ Stone Select, ~~LLC,~~to ~~markets~~residential ~~hand-carved interior~~ and ~~exterior~~commercial ~~natural stone ornamentation and architectural elements~~builders. Stone Select, LLC’s principal products consist of fireplace surrounds, kitchen range hoods, flooring, base and case trim materials, exterior ornamentation, fountains, planters, , and exterior window and door surrounds. At the present time, most of the sales of Stone Select, LLC come from natural stone fireplace surrounds, kitchen range hoods, and trim materials. At the present time, most of the sales of Stone Select, LLC come from fireplace surrounds, kitchen range hoods, and trim materials. If we cannot find ~~a combination of~~ sufficient customers for our ~~consulting~~ services ~~and purchasers of the hand-carved interior and exterior natural stone ornamentation and architectural elements sold through Stone Select~~, ~~LLC,~~ we ~~may~~ will have difficulty ~~maintaining~~achieving profitability. An investor could lose his entire investment.

~~We have limited experience as a public company.~~4

WeThere ~~have limited~~are ~~experience~~factors asbeyond aour ~~public~~control ~~company. We have limited experience in complying with the various rules and regulations~~ which ~~are~~may ~~required~~adversely ofaffect ~~a public company~~us. As ~~a result~~Any, ~~we may not be able to operate successfully as a public company, even if our operations are successful. We plan to comply with~~ all ~~of the various rules and regulations which are required of a public company. However~~, ifor ~~we cannot operate successfully as~~ a ~~public~~combination ~~company,~~of ~~your~~general ~~investment~~market ~~may~~conditions ~~be materially~~and ~~adversely~~changing ~~affected.~~consumer ~~Our~~tastes ~~inability to operate as a public company~~ could because ~~the~~an ~~basis~~investor ofto ~~your~~lose ~~losing~~his ~~your~~ entire investment ~~in us~~.

~~There are~~Our operations may be affected by factors which are beyond our control, ~~which~~principally ~~may~~the ~~adversely~~global ~~affect~~economy, ~~us.~~the ~~Any,~~real ~~all~~estate market, orinterest ~~a combination~~rates, availability of finance, sentiment towards investing in the US, general market conditions and changing consumer tastes. Any of these problems, or a combination thereof, could ~~cause~~ have affect on our viability as an ~~investor~~entity. We may not achieve profitability, fail as an organization, and our investors could lose ~~his~~some ~~entire~~or all of their investment.

~~Our operations~~Intense ~~may~~competition ~~also~~in beour ~~affected~~market bycould ~~factors~~prevent ~~which~~us ~~are~~from ~~beyond~~developing ~~our~~revenue ~~control, principally~~and ~~general~~prevent ~~market~~us ~~conditions~~from ~~and~~achieving ~~changing~~annual ~~consumer tastes~~profitability. ~~Any~~ ofIn ~~these~~either ~~problems~~situation, orwe ~~a combination thereof, could have affect on our viability as an entity. We~~ may not ~~maintain~~achieve profitability, fail as an organization, and our investors could lose some or all of their investment.

~~Intense competition~~The barriers to entry in the sectors in which we operate are not significant. All aspects of our ~~market~~business ~~could~~are ~~prevent~~highly uscompetitive. ~~from~~We ~~developing~~face ~~revenue~~strong competitors in all areas of our business. Our services and ~~prevent us~~products ~~from~~could ~~achieving~~be ~~annual~~rendered ~~profitability~~noncompetitive or obsolete. InAny ~~either~~increase ~~situation~~in competition may cause us to lose market share or compel us to reduce prices to remain competitive, wewhich could result in reduced margins for our products. Competitive pressures may not ~~maintain profitability,~~only ~~fail~~impair asour anmargins ~~organization,~~but may also impact our revenues and our ~~investors~~growth. Almost all of our competitors are larger than us and have greater financial resources than we do. Increased competition with these companies could ~~lose~~curtail ~~some~~price increases or ~~all~~ could require price reductions or increased spending on marketing and sales, any of ~~their~~which ~~investment~~could adversely affect our results of operations. Competition from larger and more established companies is a significant threat and is expected to increase.

~~We are organized to provide defined interior design services to our clients through By Design, Inc. and sell stone products through our subsidiary,~~ Stone Select, ~~LLC. The~~currently ~~barriers~~has to entry are not significant. All aspects of our business are highly competitive. We face strong competitors in all areas of our business. Our services and products could be rendered noncompetitive or obsolete. Any increase in competition may cause us to lose market share or compel us to reduce prices to remain competitive, which could result in reduced margins for our products. Competitive pressures may not only ~~impair~~one ~~our~~main ~~margins but may also impact our revenues and our growth~~supplier. The ~~Almost~~loss ~~all~~ of ~~our~~such ~~competitors~~supplier ~~are~~would ~~larger than us and~~ have ~~greater~~a ~~financial~~negative ~~resources~~effect than we do. Many of them have substantially greater experience in interior design. Increased competition with these companies could curtail price increases or could require price reductions or increased spending on ~~marketing and sales, any of which could adversely affect~~ our ~~results of operations~~business. ~~Competition from larger and more established companies is a significant threat and is expected to increase.~~

~~- 8~~Stone -Select currently purchases finished products from only one supplier. The loss of our supplier would have a negative effect on our business because we would not have sufficient inventory to sell. If we cannot replace the lost supplier, we would see a severe decline in revenue from the sale of products. As a result, we may never become profitable, fail as an organization, and our investors could lose some or all of their investment.

We currently have only one main supplier. The loss it would have a negative effect on our business.

We currently purchase finished products from only one supplier. This supplier provides us with essentially the same inventory which we sell through Stone Select, LLC., which are hand-carved interior and exterior natural stone ornamentation and architectural elements. These are fireplace surrounds, kitchen range hoods, flooring, including base and case, and window surrounds. The loss of our supplier would have a negative effect on our business because we would not have sufficient inventory to sell. If we cannot replace the lost supplier, we would see a severe decline in revenue from the sale of products. As a result, we may never become profitable, fail as an organization, and our investors could lose some or all of their investment.

Fluctuations in the supply and prices of raw materials could negatively impact our financial results.

~~Under normal market conditions, these materials are generally available on the open market.~~ From time to time, ~~however,~~ the prices and availability of ~~these~~ raw materials for Stone Select may fluctuate significantly, which could impair our ability to procure necessary products, or increase the cost of our products. If material costs increase, and we are unable to pass along, or are delayed in passing along, those increases to our customers, we will experience reductions to our profit margins and our ability to generate a profit will be reduced or eliminated completely.

~~Many~~ We operate primarily in the US real estate sector, which is heavily impacted by the availability of ~~our~~finance, ~~customers~~the ~~are~~strength inand ~~cyclical~~ability ~~industries~~of banks to lend, government policy and general health of the US economy, all of which impact on our customers, which may affect the demand for our products.

~~Many~~The ~~of our~~demand ~~customers, especially~~ for our ~~commercial~~services ~~products, are in businesses~~ and ~~industries~~ ~~that are cyclical in nature and sensitive to changes in general economic conditions. As a result, the demand for our~~ products ~~by these customers~~ depends, in part, upon ~~general~~the ~~economic~~availability ~~conditions.~~of ~~Downward~~finance, ~~economic~~the ~~cycles affecting~~strength ~~the~~and ~~industries~~ability of ~~our~~banks ~~customers~~to ~~will~~lend, ~~reduce~~government ~~sales~~policy ofand general ~~our~~economic ~~products~~conditions. If general economic conditions deteriorate, we may suffer reductions in our sales ~~and profitability~~. ~~To date, we have not seen the slowdown in the housing market affect us, but it could.~~ A general slowdown in the housing market may affect everyone, including us, which would reduce our ability to generate a profit.

The ~~industry~~ industries in which we operate are highly competitive. ~~Our principal competitor is larger and has greater financial resources than we do.~~

We operate in a very competitive ~~industry~~industries. ~~Our~~We ~~principal competitor, Materials Marketing, Inc., of Denver, Colorado, is larger and has greater financial resources than we do. However, we~~ potentially compete with a diverse group of competitors ranging from internet businesses to traditional brick-and-mortar companies, many of which have greater resources than we do. We believe that barriers to entry ininto ~~this~~our ~~business~~businesses are not significant and start-up costs are relatively low, so our competition may increase in the future. Our belief that there are minimal barriers to entry is based on our observation that operations such as ours do not require the ownership of warehouses, showrooms or factories to operate, which we think is because (i) our direct ship business can be operated with minimal warehousing needs and costs, which are significantly less than traditional models, (ii) wholesale product orders can be placed after receipt of client orders, in order to further reduce warehousing needs, (iii) samples can be shown to clients at little or no cost, without the necessity of showroom space for actual product, (iv) if a competitor wants showroom space, it is typically available for lease at competitive rates in most United States markets, and (v) all manufacturing can be done by third party suppliers, so there is no need to own or lease a manufacturing facility. New competitors may be able to launch new businesses similar to ours, and current competitors may replicate our business ~~model~~models, at a relatively low cost. If competitors with significantly greater resources than ours decide to replicate our business ~~model~~models, they may be able to quickly gain recognition and acceptance of their business methods, products and services through marketing and promotion. We may not have the resources to compete effectively with current or future competitors. If we are unable to effectively compete, we will lose sales to our competitors and our revenues will decline.

~~We import all of our products from China. As a result, all of our current revenues come from products imported from outside the United States.~~5

WeStone ~~expect~~ Select imports ~~from~~all ~~international markets to continue to represent a significant portion~~ of ~~our~~its products. ~~Accordingly,~~from ~~our~~China. ~~business~~As isa ~~subject to risks related to the differing legal~~result, ~~political,~~all ~~social~~of ~~and~~its ~~regulatory~~current ~~requirements~~revenues ~~and economic~~come ~~conditions~~from ofproducts ~~many~~imported ~~jurisdictions.~~from ~~Risks~~outside ~~inherent in international operations include~~ the ~~following:~~United States.

~~- 9~~Our -business is subject to risks related to the differing legal, political, social and regulatory requirements and economic conditions of many jurisdictions. Risks inherent in international operations include the following:

	●	agreements may be difficult to enforce and receivables owed to us difficult to collect;

	●	foreign customers may have longer payment cycles;

	●	foreign countries may impose additional withholding taxes or otherwise tax our foreign income, or adopt other restrictions on foreign trade or investment, including currency exchange controls;

	●	foreign operations may experience staffing difficulties and labor disputes;

	●	transportation and other shipping costs may increase;

	●	foreign governments may nationalize private enterprises;

	●	unexpected adverse changes in export duties, quotas and tariffs and difficulties in obtaining export licenses;

	●	intellectual property rights may be more difficult to enforce;

	●	fluctuations in exchange rates may affect product demand and may adversely affect the profitability in U.S. dollars of products we import where payment for our products is made in the local currency;

	●	general economic conditions in the countries in which we operate could have an adverse effect on operations in those countries;

	●	our business and profitability in a particular country could be affected by political or economic repercussions on a domestic, country specific or global level from terrorist activities and the response to such activities;

	●	unexpected adverse changes in foreign laws or regulatory requirements may occur; and

	●	compliance with a variety of foreign laws and regulations may be burdensome.

We have certain key customers.

Our relationships with certain key residential building customers are important to us and our subsidiary, Stone Select~~, LLC~~. Stone Select, normally ~~LLC.~~ has four major customers. In ~~2008~~2010, sales to ~~Stone~~two ~~Select, LLC.’s four largest customer were approximately 55%~~ of ~~its~~these ~~total~~customers ~~net~~totaled ~~sales, with the largest customer accounting for~~ approximately 2036% of ~~sales, and the others between 10% and 13%. In 2007, sales to~~ Stone Select~~, LLC.~~’s ~~four largest customer were also approximately 55% of its~~ total ~~net~~ sales, with the largest customer accounting for approximately 20 25% of sales~~, and the others between 10% and 13%~~. Although Stone Select, ~~LLC.~~ sells various types of products through various channels of distribution, we believe that the loss of a substantial portion of Stone Select~~, LLC.~~’s sales to residential builders could have a significant affect impact on our ability to be profitable.

Our success will be dependent upon our management’s efforts. We cannot ~~sustain~~ achieve profitability without the efforts of our management.

Our success will be dependent upon the decision making of our directors and executive officers. These individuals intend to commit as much time as necessary to our business, but this commitment is no assurance of success. The loss of any or all of these individuals, particularly MsMr. ~~Deanie~~Gary ~~Underwood~~S. Ohlbaum, our President, Chief Executive Officer and Chief Financial Officer, could have a material, adverse impact on our operations. We have ~~no written employment agreements with any officers and directors, including Ms. Underwood. We have~~ not obtained key man life insurance on the lives of any of our officers ~~or directors~~.

Our stock price may be volatile, and you may not be able to resell your shares at or above the public sale price.

There has been, and continues to be, a limited public market for our common stock. Although our common stock is quoted on the Over-the-Counter Bulletin Board, an active trading market for our shares has not, and may never develop or be sustained. If you purchase shares of common stock, you may not be able to resell those shares at or above the initial price you paid. The market price of our common stock may fluctuate significantly in response to numerous factors, some of which are beyond our control, including the following:

~~- 10~~· -actual or anticipated fluctuations in our operating results; · changes in financial estimates by securities analysts or our failure to perform in line with such estimates; · changes in market valuations of other interior design oriented companies, particularly those that market services such as ours; · announcements by us or our competitors of significant innovations, acquisitions, strategic partnerships, joint ventures or capital commitments; · introduction of product enhancements that reduce the need for our products or services; · the loss of one or more key clients; and · departures of key personnel.

* actual or anticipated fluctuations in our operating results; * changes in financial estimates by securities analysts or our failure to perform in line with such estimates; * changes in market valuations of other interior design oriented companies, particularly those that market services such as ours; * announcements by us or our competitors of significant innovations, acquisitions, strategic partnerships, joint ventures or capital commitments; * introduction of product enhancements that reduce the need for our products or services; * the loss of one or more key clients; and * departures of key personnel.

Of our total outstanding shares as of March 25, 2010, a total of 9,000,000, or approximately 98%, will be restricted from immediate resale but may be sold into the market in the near future. This could cause the market price of our common stock to drop significantly, even if our business is doing well.

As restrictions on resale end, the market price of our stock could drop significantly if the holders of restricted shares sell them or are perceived by the market as intending to sell them.

Because our stock is traded on the Over-the-Counter Bulletin Board, it has a limited public trading market. As a result, it may be difficult or impossible for you to liquidate your investment.

~~While~~ Our ~~our~~ common stock ~~currently~~ is ~~listed for trading, we have had only a few trades. We are~~ quoted on the Over-the-Counter Bulletin Board under the trading symbol ~~BYDE. We~~GGPC ~~cannot~~and ~~assure~~has ~~that such~~ a ~~market~~limited ~~will~~public ~~improve~~trading ~~in the future, even if our securities are listed on the NASD Bulletin Board~~market. ~~The~~We ~~NASD~~cannot ~~Bulletin~~assure ~~Board requires~~ that ~~we be~~ a ~~reporting~~public ~~company~~trading market ~~under the Securities Exchange Act of 1934. However, we cannot guarantee that we~~ will beimprove ~~accepted~~in ~~for listing on~~ the ~~NASD~~ ~~Bulletin Board~~future. ~~Further,~~We we cannot assure that an investor will be able to liquidate his investment without considerable delay, if at all. If a more active market does develop, the price may be highly volatile. Our limited operating history, lack of profitability, negligible stock liquidity, potential extreme price and volume fluctuations, and regulatory burdens may have a significant impact on the market price of the common stock. It is also possible that the relatively low price of our common stock may keep many brokerage firms from engaging in transactions in our common stock.

Applicable SEC rules governing the trading of “Penny Stocks” limit the liquidity of our common stock, which may affect the trading price of our common stock.

~~Our common stock is currently quoted on the Over-the-Counter Bulletin Board.~~ Since our common stock trades ~~continues to trade well~~ below $5.00 per share, our common stock is considered a “penny stock” and is subject to SEC rules and regulations that impose limitations upon the manner in which our shares can be publicly traded. These regulations require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock and the associated risks. Under these regulations, certain brokers who recommend such securities to persons other than established customers or certain accredited investors must make a special written suitability determination for the purchaser and receive the written purchaser’s agreement to a transaction prior to purchase. These regulations have the effect of limiting the trading activity of our common stock and reducing the liquidity of an investment in our common stock.

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Buying low-priced penny stocks is very risky and speculative.

The shares being offered are defined as a penny stock under the Securities and Exchange Act of 1934, and rules of the Commission. The Exchange Act and such penny stock rules generally impose additional sales practice and disclosure requirements on broker-dealers who sell our securities to persons other than certain accredited investors who are, generally, institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000, or $300,000 jointly with spouse, or in transactions not recommended by the broker-dealer. For transactions covered by the penny stock rules, a broker-dealer must make a suitability determination for each purchaser and receive the purchaser's written agreement prior to the sale. In addition, the broker-dealer must make certain mandated disclosures in penny stock transactions, including the actual sale or purchase price and actual bid and offer quotations, the compensation to be received by the broker-dealer and certain associated persons, and deliver certain disclosures required by the Commission. Consequently, the penny stock rules may affect the ability of broker-dealers to make a market in or trade our common stock and may also affect your ability to resell any shares you may purchase in the public markets.

We do not expect to pay dividends on common stock.

We have not paid any cash dividends with respect to our common stock, and it is unlikely that we will pay any dividends on our common stock in the foreseeable future. Earnings, if any, that we may realize will be retained in the business for further development and expansion.

ITEM 2. ~~DESCRIPTION OF PROPERTY.~~PROPERTIES

We rent office space in Denver, Colorado, at $1,500 per month under a verbal lease, and yard and warehouse space at approximately $2,100 per month in Denver, Colorado, plus costs under a non-cancellable lease with an unaffiliated third party, and no stated renewal option expiring in March 2012. We own office equipment to furnish our offices. We own a truck and a forklift which we use in our business. ~~All of our management activities are performed in Colorado.~~

ITEM 3. LEGAL PROCEEDINGS.

We are not a party to any material legal proceedings, nor is our property the subject of any material legal proceeding.

ITEM 4. ~~SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.~~ RESERVED

~~We held no shareholders meeting in the fourth quarter of our fiscal year.~~7

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Holders

As of March 1, 2010, there were 83 record holders of our common stock and there were 9,197,802 shares of our common stock outstanding.

Market Information

Our shares of common stock are quoted on the Over-the-Counter Bulletin Board under the trading symbol ~~BYDE~~“GGPC”. The shares ~~became~~began trading on the Over-the-Counter Bulletin Board on July 25, 2006 but there is no extensive history of trading. The ~~bid~~following ~~and~~table ~~asked~~shows ~~price~~the ~~has~~reported ~~been~~high ~~$ 0.25~~ and ~~$1.10~~low ~~during~~closing ~~the~~prices ~~entire~~per ~~time~~share ~~the~~for ~~shares~~our ~~have~~common ~~been~~stock ~~quoted.~~as ~~The quotations~~reported ~~reflect~~on ~~interdealer prices, without retail mark~~the-~~up,~~Over ~~mark-down~~the ~~or commission,~~Counter ~~and~~Bulletin ~~may not represent actual transactions~~Board.

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	High		Low
Year ended December 31, 2009
First quarter	$	.20	$	.20
Second quarter	$	.20	$	.20
Third quarter	$	.20	$	.20
Fourth quarter	$	.20	$	.20
Year ended December 31, 2010
First quarter	$	.20	$	.20
Second quarter	$	.20	$	.20
Third quarter	$	.95	$	.20
Fourth quarter	$	.77	$	.75
Year ending December 31, 2011
First quarter	$	1.25	$	.77
Second quarter (through April 12, 2011)	$	1.00	$	1.00

~~Equity Compensation Plan Information~~Holders

We As ~~have~~of April no12, ~~outstanding~~2011, there were 97 record holders of our common stock ~~options~~and orthere ~~other~~were ~~equity~~50,033,333 ~~compensation plans~~shares of our common stock outstanding.

~~The Securities Enforcement and Penny Stock Reform Act of 1990~~Dividends

The Securities Enforcement and Penny Stock Reform Act of 1990 require additional disclosure and documentation related to the market for penny stock and for trades in any stock defined as a penny stock. Unless we can acquire substantial assets and trade at over $5.00 per share on the bid, it is more likely than not that our securities, for some period of time, would be defined under that Act as a "penny stock." As a result, those who trade in our securities may be required to provide additional information related to their fitness to trade our shares. These requirements present a substantial burden on any person or brokerage firm who plans to trade our securities and would thereby make it unlikely that any liquid trading market would ever result in our securities while the provisions of this Act might be applicable to those securities.

Any broker-dealer engaged by the purchaser for the purpose of selling his or her shares in us will be subject to Rules 15g-1 through 15g-10 of the Securities and Exchange Act. Rather than creating a need to comply with those rules, some broker-dealers will refuse to attempt to sell penny stock.

The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, to deliver a standardized risk disclosure document prepared by the Commission, which:

· contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading; · contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation to such duties or other requirements of the Securities Act of 1934, as amended; · contains a brief, clear, narrative description of a dealer market, including "bid" and "ask" prices for penny stocks and the significance of the spread between the bid and ask price; · contains a toll-free telephone number for inquiries on disciplinary actions; · defines significant terms in the disclosure document or in the conduct of trading penny stocks; and · contains such other information and is in such form (including language, type, size and format) as the Securities and Exchange Commission shall require by rule or regulation;

The broker-dealer also must provide, prior to effecting any transaction in a penny stock, to the customer:

· the bid and offer quotations for the penny stock; · the compensation of the broker-dealer and its salesperson in the transaction; · the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and · monthly account statements showing the market value of each penny stock held in the customer's account.

In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules; the broker-dealer must make a special written determination that the penny stock is a suitable

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investment for the purchaser and receive the purchaser's written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitability statement. These disclosure requirements will have the effect of reducing the trading activity in the secondary market for our stock because it will be subject to these penny stock rules. Therefore, stockholders may have difficulty selling their securities.

- 14 -

Stock Transfer Agent

The stock transfer agent for our securities is Corporate Stock Transfer of Denver, Colorado. Their address is 3200 Cherry Creek Drive South, Suite 430, Denver, Colorado 80209. Their phone number is (303)282-4800.

Dividend Policy

We have not previously declared or paid any dividends on our common stock and do not anticipate declaring any dividends in the foreseeable future. The payment of dividends on our common stock is within the discretion of our board of directors. We intend to retain any earnings for use in our operations and the expansion of our business. Payment of dividends in the future will depend on our future earnings, future capital needs and our operating and financial condition, among other factors that our board of directors may deem relevant. We are not under any contractual restriction as to our present or future ability to pay dividends.

~~ITEM 6.~~Securities ~~SELECTED~~Authorized ~~FINANCIAL~~for ~~DATA~~Issuance Under Equity Compensation Plan

AEquity ~~smaller reporting~~Compensation ~~company is not required to provide the information in this Item.~~Information

The following table summarizes information about our equity compensation plans as of December 31, 2010.

Plan Category	Number of Shares of Common Stock to be Issued upon Exercise of Outstanding Options (a)		Weighted- Average Exercise Price of Outstanding Options		Number of Options Remaining Available for Future Issuance Under Equity Compensation Plans (excluding securities reflected in column (a)) (c)
Equity Compensation Plans Approved by Stockholders		—	$	—		—
Equity Compensation Plans Not Approved by Stockholders		25,000,000		0.75		—

Total		25,000,000	$	0.75		—

Stock Transfer Agent

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Management’s Discussion and Analysis contains forward-looking statements that involve future events, our future performance and our expected future operations and actions. In some cases, you can identify forward-looking statements by the use of words such as “may”, “will”, “should”, “anticipate”, “believe”, “expect”, “plan”, “future”, “intend”, “could”, “estimate”, “predict”, “hope”, “potential”, “continue”, or the negative of these terms or other similar expressions. These forward-looking statements are only our predictions and involve numerous assumptions, risks and uncertainties. Our actual results or actions may differ materially from these forward-looking statements for many reasons, including, but not limited to, the matters discussed in this report under the caption “Risk Factors”. We urge you not to place undue reliance on these forward-looking statements, which speak only as of the date of this ~~prospectus~~Form 10-K. We undertake no obligation to publicly update any forward looking-statements, whether as a result of new information, future events or otherwise.

The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes included in this report.

The following table provides selected financial data about us for the years ended December 31, ~~2009~~2010 and ~~2008~~2009. For detailed financial information, see the audited Financial Statements included in this document.

Balance Sheet Data: 12/31/10
Cash	$	45,265
Total assets	$	149,231
Total liabilities	$	344,185
Stockholders' deficit	$	(194,954	)
Operating Data: 12/31/10
Revenue	$	310,833
Operating expenses	$	473,675
Net loss	$	(336,714	)
Balance Sheet Data: 12/31/09
Cash	$	15,960
Total assets	$	93,722
Total liabilities	$	427,928
Shareholders' equity	$	(334,206)
Stockholders' deficit	$	(334,206	)
Operating Data: 12/31/09
Revenue	$	283,881
Operating expenses	$	133,014
Net income	$	6,423

Operating Data: 12/31/09
Revenue	$	283,881
Operating Expenses	$	133,014
Net Income	$	6,423

~~- 15~~Overview -and History

Balance Sheet Data: 12/31/08
Cash	$	39,979
Total assets	$	196,481
Total liabilities	$	407,524
Shareholders' equity	$	(211,043)

We were incorporated under the laws of the State of Nevada on February 23, 2005. We market real estate in the US to domestic and international purchasers, through our majority owned Los Angeles based real estate agency, Macoy, and through our wholly owned Hong Kong subsidiary, Global Gate Property Ltd (“GGPL”). In January 2011, GGPL signed an agreement with Intero International Franchise Services, LLC, an affiliate of Intero Real Estate Services, Inc. (“Intero”), a U.S. real estate brokerage firm, to provide services to China based investors interested in the US real estate market. We also market interior and exterior design consulting services to real estate developers and builders for their real estate projects.

Operating Data: 12/31/08
Revenue	$	610,992
Operating Expenses	$	138,604
Net Income	$	61,217

In October 2010, we purchased a 51% shareholding in Macoy, a Los Angeles based real estate brokerage which also provides financing services for real estate purchases.

In December 2010, we signed an agreement with Beijing Sino Forest Assets Appraisal Co. Ltd. to work together in the forestry sector in China.

Our subsidiary, Stone Select, markets hand-carved interior and exterior natural stone ornamentation and architectural elements. Approximately two thirds of our revenues through December 31, 2010 were generated through Stone Select. Stone Select operates exclusively in the Denver, Colorado metropolitan area.

We were incorporated as a successor to an operation which began in 1996. The predecessor company was a sole proprietorship owned by Ms. Deanie Underwood known as “By Design.” This company provided interior design and refurbishment work similar to the present company and averaged two to three clients per year but had no activity in the two years prior to being acquired by us. It was marginally profitable in most years it was operational. This company has been absorbed into us and is no longer in existence. We acquired the assets of this sole proprietorship in a tax-free exchange under the Internal Revenue Code in February, 2005.

On June 24, 2010, Deanie J. Underwood, our former President and Chief Executive Officer, and Bradley C. Underwood, one of our then significant shareholders, privately sold 7,197,802 shares of our common stock, constituting approximately 78.3% of our then outstanding shares, to certain unaffiliated, non-U.S. purchasers pursuant to separate stock purchase agreements. As a result of the privately-negotiated sales, a change of control of our company occurred. The unaffiliated purchasers purchased the shares for a total of $75,000 in cash, inclusive of related acquisition costs. The terms of the purchase and sale transactions were as a result of arm’s-length negotiations between the sellers and each of the purchasers. Neither party had any relationship with the other prior to the transaction.

On June 24, 2010, we issued an aggregate of 40,802,198 new shares of our common stock to 16 unaffiliated non-U.S. investors, pursuant to separate stock subscription agreements. We received total gross proceeds of $245,210 in consideration for the sale of such shares. We completed the sale of the new shares in reliance upon the exemption from registration provided by Section 4(2) of the Securities Act of 1933 and Regulation D and Regulation S promulgated thereunder. In connection with issuance of the new shares on June 24, 2010, we issued 40,802,198 warrants exercisable at $0.10 per share for a 1 year period and 40,802,198 warrants exercisable at $0.20 per share for a 2 year period. The warrants issued with common stock were recorded as additional paid in capital at the estimated fair market value of $383.

In connection with the change in control, Ms. Underwood, our then sole officer, resigned from her position. Ms. Underwood also resigned as our sole director. Gary S. Ohlbaum, the Group Managing Director of Nourican Trading Ltd., an international investment and advisory firm, was elected to our board of directors and appointed to be our President, Chief Executive Officer and Chief Financial Officer.

On August 20, 2010, we amended our articles of incorporation to change our corporate name from By Design, Inc. to Global Gate Property Corp., and to increase the number of authorized shares of our common stock from 50,000,000 to 500,000,000 shares. In connection with our name change, our trading symbol was changed to GGPC on the OTC Bulletin Board. As of December 31, 2010, we had 50,033,333 outstanding shares of common stock, 40,802,198 warrants exercisable at $0.10 per share, 40,802,198 warrants exercisable at $0.20 per share, and 25,000,000 options exercisable at $0.75 per share, of which 10,000,000 were issued to Mr. Ohlbaum, and 5,000,000 to Mr. David Cheung, a non-executive director. No other shares of our capital stock, warrants, stock options or other securities were outstanding.

Recent Developments

On October 1, 2010, we entered into an employment agreement with Gary S. Ohlbaum to secure Mr. Ohlbaum’s services as President, Chief Executive Officer and Chief Financial Officer of the Company and its subsidiaries. Mr. Ohlbaum’s employment agreement entitles him to receive, effective October 1, 2010, equity-based award consisting of 10,000,000 stock options, exercisable at $0.75 per share. The term of the employment agreement commenced on October 1, 2010 and ends on September 30, 2011, but can be renewed for successive one year periods unless terminated, as provided in the employment agreement. Mr. Ohlbaum shall be paid an annual base salary of $180,000, which may be amended by our board of directors.

In December 2010, we entered into a Memorandum of Understanding with China’s largest dedicated forestry valuation company, Beijing Sino Forest Assets Appraisal Co Ltd (“BSFAA”), to work together on identifying opportunities in and promoting China’s forestry sector. Under the Agreement, GGPC will have access to BSFAA’s offices and network across China, and the parties will work together to identify investment opportunities, raise capital for projects and develop the forestry sector in China.

On January 31, 2011, our Hong Kong subsidiary, Global Gate Property Ltd, reached an agreement with Intero International Franchise Services, LLC, an affiliate of Intero Real Estate Services, Inc. (“Intero”), a U.S. real estate brokerage firm, to form Intero Shanghai in order to provide a range of services to China based investors interested in the U.S. real estate market.

Results of Operations

The ~~concept~~revenues for ~~our~~ ~~business~~all ~~was~~of developed in 1996. However, we had no revenues from 2003 until 2006. Even though we have operated as a corporation since 2005, we have a limited operating history. This factor makes it difficult to evaluate our business on the ~~basis~~relevant ofperiods ~~historical~~in ~~operations. As a consequence, our past results may not be indicative of future results. Although~~ this isdiscussion ~~true~~came ~~for~~from ~~any business,~~services itprovided ~~is particularly true for us because of our limited operating history. Reliance on historical results may hinder our ability to anticipate~~ and ~~timely~~ ~~adapt to increases or decreases in~~ sales, ~~revenues or expenses. In addition, we have a history~~ of ~~losses.~~products ~~Furthermore,~~by our ~~losses~~subsidiaries, ~~may~~Macoy ~~continue~~and ~~into the~~Stone ~~future~~Select. ~~We have never had a profitable fiscal year.~~

~~Our~~For ~~accountants~~the ~~have~~twelve ~~expressed doubt~~months ~~about~~ended ~~our~~December ~~ability~~31, to2010, ~~continue~~revenues were $310,833, as acompared ~~going~~to ~~concern~~$283,881 asfor athe ~~result~~twelve ofmonths ~~our continued~~ended ~~net~~December ~~losses~~31, 2009. Our ~~ability~~revenues todepend ~~achieve~~on ~~and~~real ~~maintain~~estate ~~profitability~~activity primarily in the California area for Macoy, and ~~positive~~ ~~cash~~construction ~~flow~~activities isin ~~dependent~~the ~~upon~~Denver area for Stone Select, and our ability to ~~locate~~market ~~clients~~our ~~who~~products. The ~~will purchase~~increase in our ~~products~~revenues ~~and~~for ~~use~~the ~~our~~twelve ~~services~~months ~~and~~ended ~~our~~December ~~ability~~31, 2010 compared to ~~generate~~ the twelve months ended December 31, 2009 was primarily due to the acquisition of Macoy on October 22, 2010, which accounted for $82,415 of the revenues in 2010. Excluding Macoy’s revenues, our revenues decreased by $55,463 or 20% due to the continued decline in construction activities in the Denver, Colorado area in 2010.

~~The~~For ~~revenues~~the ~~for~~twelve ~~all~~months ended December 31, 2010, cost of goods sold were $162,144, as compared to $173,156 for the ~~relevant~~ ~~periods~~twelve months ended December 31, 2009. Costs of goods sold include all direct costs incurred in ~~this~~selling ~~discussion~~products. ~~came~~We ~~from~~do not separate sales of ~~products~~different inproduct ~~our subsidiary,~~lines ~~Stone~~into ~~Select,~~operating ~~LLC~~segments. WeOur ~~had~~cost noof ~~revenues~~goods ~~from~~decreased ~~our~~for ~~interior~~the ~~design consulting~~twelve ~~operated~~months ~~through~~ended ByDecember ~~Design~~31, ~~Inc.~~2010 Wecompared ~~currently~~to ~~have~~the notwelve ~~active~~months ~~projects and~~ended ~~generate~~December no31, ~~revenue~~2009 inprincipally Bybecause ~~Design,~~of ~~Inc.~~lower ~~but~~sales ~~continue~~volume toat ~~look~~Stone ~~for potential projects~~Select.

~~For~~The difference between revenue and cost of goods sold is gross profit. Our gross profit amount (and as a percentage of sales) for the twelve months ended December 31, ~~2009,~~2010 ~~sales~~was ~~were~~higher at $~~283~~148,~~881~~689 (47.8%) ~~For~~as compared to gross profit for the twelve months ended December 31, ~~2008~~ 2009 of $110,725 (39.0%). The increase in gross profit as a percentage of sales ~~were~~was ~~$610~~primarily due to the contribution from Macoy. Excluding the gross profit relating to Macoy,~~992~~ our gross profit as a percentage of sales was 29.0%. The Wedecrease ~~were~~excluding ~~involved~~Macoy inis ~~fewer~~due ~~projects~~to a change in ~~2008~~the ~~compared to~~mix ~~2008~~of ~~and~~products ~~generated~~sold ~~less~~by ~~revenue~~Stone Select in 2010.

~~Our revenues~~Operating ~~decreased~~expenses, ~~from~~which ~~2008 to~~include ~~2009~~depreciation, ~~primarily~~consulting ~~because~~fees, oflegal ~~the~~and accounting fees, salaries, wages and employee benefits and other general ~~decline~~ inand ~~construction~~administrative ~~projects~~expenses infor the ~~Denver~~twelve ~~area~~months ended December 31, 2010 was $473,675. WeOur operating expenses for the twelve months ended December 31, 2009 was $133,014. For the twelve months ended December 31, 2010, we had nohigher ~~revenues~~operating ~~from~~expenses ~~our interior~~as ~~design~~compared ~~consulting~~to ~~operated~~the ~~through~~twelve Bymonths ~~Design~~ended December 31, ~~Inc.~~2009, Weprimarily ~~currently~~as ~~have~~a ~~no active~~result ~~projects~~of increased legal and ~~generate~~accounting nofees ~~revenue~~of in$70,889, ~~our~~increased Byconsulting ~~Design,~~expenses ~~Inc.~~of ~~but~~$110,000 ~~continue~~relating to ~~look~~ ~~for~~consulting ~~potential~~services ~~projects.~~provided by two of our shareholders ~~Our~~in ~~ability~~2010, toincreased ~~attract~~salaries, ~~new~~wages ~~clients~~and is employee benefits of $63,151, primarily related to ~~our~~salaries ~~marketing~~for ~~efforts~~Mr. Ohlbaum, ~~including~~which ~~the~~started ~~use~~on ~~of referrals~~October 1, 2010.

~~For~~We ~~the twelve~~had ~~months~~a ~~ended~~net ~~December~~loss ~~31, 2009, cost~~ of ~~goods sold were~~ $~~173~~336,~~156,~~714 ~~as compared to $390,760~~ for the twelve months ended December 31, ~~2008.~~2010, ~~Costs~~compared ~~of goods~~to ~~sold~~net ~~include~~income ~~all~~of ~~direct costs incurred in selling products. In addition~~$6, ~~in 2009~~423, wefor ~~wrote~~the ~~off~~twelve amonths ~~substantial~~ended ~~portion~~December ~~of our inventory~~31, ~~which is shown as a separate line item. We do not separate sales of different product lines into operating segments. Our cost of goods decreased in~~ 2009 ~~compared to 2008 principally because of fewer projects~~.

The difference between sales and cost of goods sold is gross profit. Our gross profit for the twelve months ended December 31, 2009, was $110,725, as compared to gross profit for the twelve months ended December 31, 2008 of $220,232.11

- Net loss attributable to noncontrolling interest recorded for the twelve months ended December 31, 2010 and December 31, 2009 represents profit or loss allocations due to the 49% owners of Stone Select and Macoy. We had a net loss attributable to noncontrolling interest of $16,398 -for the twelve months ended December 30, 2010, compared to net income attributable to noncontrolling interest of $20,567 for the twelve months ended December 31, 2009. The increase in net loss attributable to noncontrolling interest recorded for the twelve months ended December 31, 2010 compared to the twelve months ended December 30, 2009 represents a decrease in earnings by Stone Select during these periods.

~~Operating expenses,~~As ~~which~~a ~~include~~result ~~depreciation~~of ~~and~~the ~~general~~foregoing, ~~and~~we ~~administrative~~had ~~expenses~~a ~~for the~~net ~~twelve~~loss ~~months~~attributable ~~ended~~to ~~December~~common ~~31,~~stockholders ~~2009~~of ~~were~~ $~~133~~320,~~014~~316 ($0.01 ~~Our~~per ~~operating~~share) ~~expenses~~ for the twelve months ended December 31, ~~2008 were $138~~2010,~~604.~~ ~~The~~compared ~~major components~~to ofnet ~~operating~~loss ~~expenses~~attributable ~~include~~to ~~rent,~~common ~~marketing~~stockholders ~~costs, professional fees, which consist~~ of ~~legal and accounting costs~~$14, ~~and~~144 ~~telephone~~(less ~~expenses. In 2008, we had significantly lower general and administrative expenses~~ than ~~previous~~ ~~years,~~$0.01 ~~which~~per ~~was~~share) ~~a result of better cost controls~~ for ~~marketing and professional fees. We maintained~~ the ~~trend~~twelve inmonths ~~2009.~~ended ~~However,~~December ~~we took a write-down of inventory in 2009 in the amount of $~~31,~~523.~~ ~~We sold the inventory on a liquidation basis~~2009. ~~We have no other material inventory write-offs which we anticipate in the future.~~

~~Each~~For ~~at December~~the ~~31,~~fiscal ~~2009~~year ~~and~~ended ~~December 31~~2010, ~~2008,~~our weaccountants ~~had~~have ~~one~~expressed ~~payable~~doubt ~~due~~about toour ~~Ms.~~ability ~~Underwood for $358,686 and $341,747, respectively, for working capital advances made~~ to ~~us.~~ ~~This~~continue ~~payable~~as isa ~~due~~going onconcern ~~demand,~~as isa anresult ~~oral~~of ~~agreement~~our ~~and~~working ~~unsecured. In 2007~~capital wedeficit ~~agreed to accrue interest on the advances at 6% per annum. Interest expense under this agreement at December 31, 2008~~ and ~~2009~~loss ~~was~~from ~~$40,481 and $61,176, respectively~~operations. WeOur ~~have no~~ ability ~~at the current time~~ to ~~repay~~achieve ~~related party~~and ~~advances.~~maintain Inprofitability ~~the~~and ~~event~~positive ~~that~~cash weflow ~~need~~is ~~additional~~dependent ~~capital,~~upon ~~Ms.~~our ~~Underwood~~ability ~~has agreed~~ to ~~loan~~locate ~~such~~clients ~~funds~~who aswill ~~may~~purchase beour ~~necessary~~products ~~through~~and ~~December~~use ~~31,~~our ~~2010~~services ~~for working capital purposes. We also recorded compensation expense of $500 per month in 2008 for administrative~~ and ~~management~~our ~~services~~ability ~~donated~~ to usgenerate ~~by officers~~revenues, and ~~$250~~our ~~per~~ability ~~month~~to ~~for~~raise ~~office~~new ~~space~~capital ~~donated~~and ~~by an officer~~loans. ~~Total donated services expense for 2008 was $9,000.~~

AsOperating expenses increased in the fourth quarter of 2010 as a result of the ~~foregoing,~~employment weagreement ~~had~~entered ~~net~~into ~~income~~with ofGary ~~$6,423~~S. ~~($0~~Ohlbaum to secure Mr.00 Ohlbaum’s ~~per~~services ~~share)~~as ~~for~~our ~~the twelve~~President, ~~months~~Chief ~~ended~~Executive ~~December~~Officer 31and Chief Financial Officer, ~~2009~~legal ~~compared~~and toconsulting acosts ~~net~~relating ~~income~~to the acquisition of ~~$61~~Macoy on October 22,~~217~~ ~~($0.01 per~~2010 ~~share)~~and ~~for~~additional ~~the~~operating ~~twelve~~costs ~~months~~relating ~~ended~~to ~~December~~Macoy ~~31,~~subsequent ~~2008~~to the acquisition date.

We ~~believe~~ ~~that~~may ~~the~~choose ~~potential~~to ~~sales~~scale ~~for~~back ~~2010 does not look better than 2009 because the current construction market. As a result,~~ our ~~potential~~operations ~~sales could be closer~~ to ~~our~~operate ~~2009~~at ~~numbers~~break-even ~~than those of 2008. However, it is too early to predict~~ with ~~certainty. We currently have~~ a ~~policy~~smaller level of ~~acquiring~~business ~~inventory~~activity, ~~for specific~~while ~~projects,~~adjusting asour ~~opposed~~overhead to ~~ordering~~meet the ~~inventory~~revenue ~~and~~from ~~attempting~~current ~~to market it~~operations. ~~Also~~ In addition, we ~~feel~~expect that we ~~have~~will ~~implemented~~need ~~better~~to ~~controls~~raise ~~over~~additional ~~our operating~~funds ~~expenses.~~if ~~Because~~ we dodecide ~~not~~to ~~pay~~pursue ~~salaries~~expansion, ~~operating~~the ~~expenses~~development ~~are expected~~of tonew ~~remain~~or ~~fairly~~enhanced ~~constant~~services ~~with~~and ~~respect~~products, toappropriate ~~sales~~responses ~~except~~to ~~for~~competitive ~~costs associated~~pressures, ~~with~~or ~~marketing. Hence each additional sale and correspondingly~~ the ~~gross~~ ~~profit~~acquisition of ~~such~~complementary ~~sale~~businesses ~~have~~or ~~minimal offsetting operating expense. Thus~~technologies, ~~additional~~ ~~sales~~or ~~should~~if ~~become~~we amust ~~profit~~respond atto aunanticipated ~~higher~~events ~~return~~that onrequire ~~sales~~us ~~rates as a result of not needing~~ to ~~expand~~make ~~our~~additional ~~operational expenses at the same pace~~investments. We ~~plan~~ tocannot ~~continue~~assure tothat ~~focus~~additional ~~our~~financing ~~marketing~~will onbe ~~the~~available ~~Denver~~when ~~Metropolitan~~needed ~~area~~on ~~through referrals~~favorable ~~for 2010~~terms, soor weat ~~do not believe that our marketing costs will increase substantially through the second quarter of 2010~~all.

ToWe ~~try~~may continue to ~~operate~~ atincur aoperating ~~break-even~~losses ~~level~~in ~~based~~future ~~upon~~periods ~~our~~because ~~current~~we ~~level~~will ofbe ~~anticipated business~~incurring ~~activity,~~expenses weand ~~believe~~not ~~that~~generating wesufficient ~~must~~revenues. ~~generate~~We expect approximately $~~300~~500,000 in ~~revenue~~ ~~per~~operating ~~year.~~costs ~~However,~~over ifthe ~~our~~next ~~forecasts~~twelve ~~are~~months. ~~inaccurate,~~We cannot guarantee that we will ~~need~~be ~~to raise~~successful ~~additional~~in generating sufficient revenues or other funds. Inin the ~~event~~future ~~that~~to wecover ~~need~~these ~~additional~~operating ~~capital, Ms~~costs. ~~Underwood~~ ~~has~~Failure ~~agreed~~ to ~~loan~~generate ~~such~~sufficient ~~funds~~revenues asor ~~may~~additional befinancing ~~necessary~~when ~~through~~needed ~~December~~could ~~31, 2010~~cause ~~for~~us ~~working~~to ~~capital~~go ~~purposes~~out of business.

On the other hand, we may choose to scale back our operations to operate at break-even with a smaller level of business activity, while adjusting our overhead to meet the revenue from current operations. In addition, we expect that we will need to raise additional funds if we decide to pursue more rapid expansion, the development of new or enhanced services and products, appropriate responses to competitive pressures, or the acquisition of complementary businesses or technologies, or if we must respond to unanticipated events that require us to make additional investments. We cannot assure that additional financing will be available when needed on favorable terms, or at all.

We expect to incur operating losses in future periods because we will be incurring expenses and not generating sufficient revenues. We expect approximately $135,000 in operating costs over the next twelve months. We cannot guarantee that we will be successful in generating sufficient revenues or other funds in the future to cover these operating costs. Failure to generate sufficient revenues or additional financing when needed could cause us to go out of business.

Liquidity and Capital Resources

As of December 31, ~~2009~~2010, we had cash ~~or cash equivalents~~ of $1545,~~690~~265, compared to $3915,~~979~~690 in cash ~~or cash equivalents~~ as of December 31, ~~2008~~2009.

~~- 17~~Net -cash used in operating activities was $81,541 for the twelve months ended December 31, 2010, compared to net cash provided by operating activities of $100,567 for the twelve months ended December 31, 2009.

~~Net~~Cash ~~cash~~ flows provided by ~~operating~~investing activities was $~~100~~6,~~567~~478 for the twelve months ended December 31, ~~2009,~~2010 compared to ~~net~~$-0- ~~cash used~~ for ~~operating activities of $44,245 for~~ the twelve months ended December 31, ~~2008~~2009.

Cash flows ~~used~~provided ~~for~~by ~~investing~~financing activities ~~were~~was $~~-0-~~104,368 for the twelve months ended December 31, ~~2009~~2010 compared to cash flows used in financing activities of $~~-0-~~124,586 for the twelve months ended December 31, ~~2008~~ 2009. The cash provided by financing activities in 2010 related to borrowings from related parties ($85,105) and issue of common stock ($245,210), offset by the repayment of amounts due to related parties ($225,947).

~~Cash flows~~We ~~used~~believe ~~for~~that ~~financing~~we ~~activities~~have ~~were~~sufficient ~~$124,586~~capital ~~for~~in the ~~twelve~~short ~~months~~term ~~ended December~~for ~~31,~~our ~~2009~~current ~~compared~~level ~~to cash flows provided by financing activities~~ of ~~$32,700~~ ~~for~~operations. ~~the~~We ~~twelve~~are ~~months~~currently ~~ended~~seeking ~~December~~additional ~~31,~~capital ~~2008.~~to ~~These~~fund ~~cash~~operations ~~flows~~and ~~were~~expansion ~~all related~~of tothe ~~borrowings from related parties~~business.

~~We believe~~Our ~~that~~principal wesource ~~have sufficient capital in the short term for our current level~~ of ~~operations.~~liquidity ~~This~~will isbe ~~because~~raising wenew ~~believe~~funds ~~that we can attract sufficient product sales~~ and ~~services~~loans ~~within~~from ~~our~~investors ~~present organizational structure~~ and ~~resources to become profitable in our operations~~shareholders. Additional resources would be needed to expand into additional locations, which we have no plans to do at this time. We do not anticipate needing to raise additional capital resources in the next twelve months. In the event that we need additional capital, Ms. Underwood has agreed to loan such funds as may be necessary through December 31, 2010 for working capital purposes.

~~Our principal~~Because ~~source of liquidity will be our operations. We expect variation in revenues to account for~~ the ~~difference~~principal ~~between a profit and a loss. Also~~ business ~~activity~~in is2010 ~~closely~~was ~~tied~~selling ~~to the economy of Denver and the U.S. economy. Because we currently only sell~~ stone products, a slow down in purchases of construction materials ~~have~~ had a negative impact to our business in ~~the latter half of 2009~~2010. We do ~~have~~not ~~no idea~~ know to what extent this may affect us in ~~2010~~2011, but we do not expect construction activity to increase. ~~In any case, we try to operate with minimal overhead.~~ Our primary activity in 2011 will be to seek to develop ~~clients and,~~the ~~consequently,~~Macoy ~~our~~and ~~sales.~~Global IfGate weProperty ~~succeed~~Ltd inreal ~~expanding~~estate ~~our~~related ~~client~~businesses, ~~base~~ and ~~generating~~ ~~sufficient~~expand ~~sales,~~the werange ~~will~~of ~~become~~services ~~profitable.~~these Webusinesses ~~cannot~~provide ~~guarantee~~and ~~that this~~expand ~~will~~into ~~ever~~other ~~occur.~~sectors ~~Our~~to ~~plan~~increase isclients toand, ~~build~~consequently, our ~~company~~sales. inWe ~~any~~cannot ~~manner~~guarantee ~~which~~that this will be ~~successful~~ever occur.

Proposed Milestones to Implement Business Operations

We estimate that we must generate approximately $500,000 in sales per year to be profitable based on the current position of the business.

Based upon our current business and fund raising plans, we have adjusted our operating expenses, and the payment of expenses, so that cash generated from fund raisings, operations and from working capital financing is expected to be sufficient for the foreseeable future to fund our operations at our currently forecasted levels, and assuming our fund raising is successful. To try to operate at a break-even level based upon our current level of anticipated business activity, we believe that we must generate approximately $500,000 in revenue per year. However, if our forecasts are inaccurate, we will need to raise additional funds.

On the other hand, we may choose to scale back our operations to attempt to operate at break-even with a smaller level of business activity, while adjusting our overhead to meet the revenue from current operations. In addition, we expect that we will need to raise additional funds if we decide to pursue expansion, the development of new or enhanced services and products, appropriate responses to competitive pressures, or the acquisition of complementary businesses, or if we must respond to unanticipated events that require us to make additional investments. We cannot assure that additional financing will be available when needed on favorable terms, or at all.

We might incur operating losses in future periods because we will be incurring expenses and not generating sufficient revenues. We expect approximately $500,000 in operating costs over the next twelve months. We cannot guarantee that we will be successful in generating sufficient revenues or other funds in the future to cover these operating costs. Failure to generate sufficient revenues or additional financing when needed could cause us to go out of business.

No commitments to provide additional funds have been made by management or current shareholders. There is no assurance that additional funds will be made available to us on terms that will be acceptable, or at all, if and when needed. We expect to continue to generate and increase sales, but there can be no assurance we will generate sales sufficient to continue operations or to expand.

In the next twelve months, we do not intend to spend any material funds on research and development and do not intend to purchase any large equipment.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements with any party.

Recently Issued Accounting Pronouncements

We do not expect the adoption of any recently issued accounting pronouncements to have a significant impact on our net results of operations, financial position, or cash flows.

Seasonality

We do not expect our sales to be impacted by seasonal demands for our products and services.

ITEM 7A 8. ~~QUANTITATIVE~~FINANCIAL STATEMENTS AND ~~QUALITATIVE~~SUPPLEMENTARY ~~DISCLOSURE ABOUT MARKET RISK.~~DATA

A The ~~smaller reporting~~full ~~company~~text isof ~~not~~our ~~required~~audited toconsolidated ~~provide~~financial statements as of December 31, 2010 and 2009 and for the ~~information~~fiscal inyears ended December 31, 2010 and 2009 begins on page F-1 of this ~~Item~~ Annual Report on Form 10-K.

~~ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.~~13

~~Our consolidated~~GLOBAL ~~financial~~GATE ~~statements~~PROPERTY ~~of commencing on page F-1 are included with this prospectus~~CORP. ~~These financial statements have been prepared on the basis of accounting principles generally accepted in the United States and are expressed in US dollars.~~

- 18 -

BY DESIGN, INC.

CONSOLIDATED FINANCIAL STATEMENTS

~~December~~ DECEMBER 31, ~~2008,~~2010 AND 2009

& December 31, 2009

(Audited)

F - 1

TABLE OF CONTENTS

	Page
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM	F-2
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM	F-3
CONSOLIDATED FINANCIAL STATEMENTS
Consolidated balance sheets	F-4
Consolidated statements of operations	F-5
Consolidated statements of stockholders’ equity	F-6
Consolidated statements of stockholders’ equity (deficit)	F-6
Consolidated statements of cash flows	F-7
Notes to consolidated financial statements	F-98

F - 21

Report of Independent Registered Public Accounting Firm

Board of Directors and Stockholders

Global Gate Property Corp.

New York, New York

We have audited the accompanying consolidated balance sheet of Global Gate Property Corp. and Subsidiaries (the "Company") as of December 31, 2010, the related consolidated statements of operations, stockholders' equity (deficit) and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Global Gate Property Corp. and Subsidiaries as of December 31, 2010, and the results of their operations and their cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 6 to the financial statements, the Company has a working capital deficit and a net loss from operations in 2010 that raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ Davis, Graber, Plotzker & Ward, LLP

New York, New York

April 15, 2011

F-2

RONALD R. CHADWICK, P.C.

Certified Public Accountant

2851 South Parker Road, Suite 720

Aurora, Colorado 80014

Telephone (303)306-1967

Fax (303)306-1944

Email: [email protected]

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors

~~By Design,~~Global ~~Inc~~Gate Property Corp.

Denver, Colorado

I have audited the accompanying consolidated balance ~~sheets~~sheet of ByGlobal ~~Design,~~Gate ~~Inc~~Property Corp. as of December 31, ~~2008 and~~ 2009, and the related consolidated statements of operations, stockholders' equity (deficit) and cash flows for the ~~years~~year then ended. These financial statements are the responsibility of the Company's management. My responsibility is to express an opinion on these financial statements based on my audit.

I conducted my audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion.

In my opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of ByGlobal ~~Design,~~Gate ~~Inc~~Property Corp. as of December 31, ~~2008 and~~ 2009, and the consolidated results of its operations and its cash flows for the ~~years~~year then ended in conformity with accounting principles generally accepted in the United States of America.

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 6 to the financial statements the Company has a working capital deficit that raises substantial doubt about its ability to continue as a going concern. Management's plans in regard to this matters is also described in Note 6. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Aurora, Colorado	/s/ Ronald R. Chadwick, P.C.
February 15, 2010	RONALD R. CHADWICK, P.C.
April 15, 2011	RONALD R. CHADWICK, P.C.

F - 3

BY DESIGN, INC.
CONSOLIDATED BALANCE SHEETS
	Dec. 31, 2008			Dec. 31, 2009
ASSETS
Current assets
Cash	$	39,979		$	15,960
Accounts receivable		49,153			-
Inventory		41,109			21,315
Total current assets		130,241			37,275
Fixed assets		88,828			88,828
Less accumulated depreciation		(26,688	)		(36,481	)
Other assets		4,100			4,100
		66,240			56,447
Total Assets	$	196,481		$	93,722
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable	$	4,495		$	-
Related party payables		11,939			-
Related party advances		341,747			358,686
Accrued interest payable		40,481			61,176
Other liabilities		8,862			8,066
Total current liabilties		407,524			427,928
Total Liabilities		407,524			427,928
Stockholders' Equity
Preferred stock, $.01 par value;
1,000,000 shares authorized;
No shares issued & outstanding		-			-
Common stock, $.001 par value;
50,000,000 shares authorized;
9,197,802 shares issued
& outstanding		9,198			9,198
Additional paid in capital		48,903			(80,683	)
Accumulated deficit		(269,144	)		(262,721	)
Total Stockholders' Equity		(211,043	)		(334,206	)
Total Liabilities and Stockholders' Equity	$	196,481		$	93,722

GLOBAL GATE PROPERTY CORP.
CONSOLIDATED BALANCE SHEETS



	Dec. 31, 2010			Dec. 31, 2009
ASSETS

Current assets:
Cash	$	45,265		$	15,960
Accounts receivable		1,123			-
Inventory		-			21,315
Prepaid and other current assets		43,852			-
Total current assets		90,240			37,275

Fixed assets		88,828			88,828
Less: Accumulated depreciation		(46,274	)		(36,481	)
Goodwill		12,337			-
Other assets		4,100			4,100
		58,991			56,447

Total assets	$	149,231		$	93,722

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:
Accounts payable	$	281,849		$	-
Loan payable		1,000			-
Due to related parties		60,257			358,686
Accrued interest payable		-			61,176
Other liabilities		1,079			8,066
Total current liabilties		344,185			427,928

Stockholders' equity (deficit):
Preferred stock, $.01 par value;
1,000,000 shares authorized;
No shares issued & outstanding		-			-
Common stock, $.001 par value;
500,000,000 shares authorized;
50,033,333 and 9,197,802 shares issued & outstanding
at December 31, 2010 and 2009, respectfully		50,033			9,198
Additional paid in capital		425,203			-
Accumulated deficit		(635,813	)		(315,497	)

Total Global Gate Property Corp. stockholders' equity (deficit)		(160,577	)		(306,299	)
Noncontrolling interest		(34,377	)		(27,907	)
Total stockholders' deficit		(194,954	)		(334,206	)

Total liabilities and stockholders' equity (deficit)	$	149,231		$	93,722

The accompanying notes are an integral part of the consolidated financial statements.

F - 4

BY DESIGN, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
	Year Ended			Year Ended
	Dec. 31, 2008			Dec. 31, 2009
Sales	$	610,992		$	283,881
Cost of goods sold		390,760			173,156
Gross profit		220,232			110,725
Operating expenses:
Amortization & depreciation		9,793			9,793
General and administrative		128,811			91,698
Write offs - inventory					31,523
		138,604			133,014
Other operating items:
Collection of accounts previously
written off					49,407
		-			49,407
Income (loss) from operations		81,628			27,118
Other income (expense):
Interest expense		(20,411	)		(20,695	)
		(20,411	)		(20,695	)
Income (loss) before
provision for income taxes		61,217			6,423
Provision for income tax		-			-
Net income (loss)	$	61,217		$	6,423
Net income (loss) per share
(Basic and fully diluted)	$	0.01		$	0.00
Weighted average number of
common shares outstanding		9,197,802			9,197,802

GLOBAL GATE PROPERTY CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS


	Year Ended			Year Ended
	Dec. 31, 2010			Dec. 31, 2009

Revenue	$	310,833		$	283,881
Cost of goods sold		162,144			173,156

Gross profit		148,689			110,725

Operating expenses:
Amortization & depreciation		9,793			9,793
Consulting fees - related parties		110,000			-
Legal and accounting fees		89,322			18,433
Salaries, wages and employee benefits		63,151			-
Other general and administrative		201,409			73,265
Write offs - inventory		-			31,523
		473,675			133,014
Other operating items:
Collection of previously written off receivables		-			49,407
		-			49,407

Income (loss) from operations		(324,986	)		27,118

Other income (expense):
Interest expense		(10,795	)		(20,695	)
		(10,795	)		(20,695	)

Income (loss) before
provision for income taxes		(335,781	)		6,423

Provision for income tax		933			-

Net income (loss)		(336,714	)		6,423
Less: Net (income) loss attributable to
noncontrolling interest		16,398			(20,567	)
Net loss attributable
to common stockholders	$	(320,316	)	$	(14,144	)

Net loss per share (Basic and fully diluted)		(0.01	)		(0.00	)

Weighted average number of
common shares outstanding		30,554,660			9,197,802

The accompanying notes are an integral part of the consolidated financial statements.

F - 5

BY DESIGN, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
	Common Stock										Stock-
			Amount		Paid in			Accumulated			holders'
	Shares		($.001 Par)		Capital			Deficit			Equity
Balances at December 31, 2007		9,197,802	$	9,198	$	88,903		$	(330,361	)	$	(232,260	)
Distributions						(40,000	)					(40,000	)
Net income (loss) for the year									61,217			61,217
Balances at December 31, 2008		9,197,802	$	9,198	$	48,903		$	(269,144	)	$	(211,043	)
Distributions						(129,586	)					(129,586	)
Net income (loss) for the year									6,423			6,423
Balances at December 31, 2009		9,197,802	$	9,198	$	(80,683	)	$	(262,721	)	$	(334,206	)

GLOBAL GATE PROPERTY CORP.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)



	Common Stock
	Shares		Amount ($.001 Par)		Paid in Capital			Accumulated Deficit			Stockholders' Equity (Deficit) - Global Gate Property Corp.			Non-controlling Interest			Total Stockholders' Equity (Deficit)

Balances at December 31, 2008		9,197,802	$	9,198	$	48,903		$	(269,144	)	$	(211,043	)	$	-		$	(211,043	)

Distributions		-		-		(48,903	)		(32,209	)		(81,112	)		(48,474	)		(129,586	)

Net income (loss) for the year		-		-		-			(14,144	)		(14,144	)		20,567			6,423

Balances at December 31, 2009		9,197,802		9,198		-			(315,497	)		(306,299	)		(27,907	)		(334,206	)

Sale of Common Stock		40,802,198		40,802		204,408			-			245,210			-			245,210

Issuance of Common stock for Macoy		33,333		33		300			-			333			9,928			10,261

Employee share-based compensation expense		-		-		151			-			151			-			151

Non-employee share-based compensation		-		-		1,581			-			1,581			-			1,581

Debt relief capital contribution		-		-		218,763			-			218,763			-			218,763

Net loss for the year		-		-		-			(320,316	)		(320,316	)		(16,398	)		(336,714	)

Balances at December 31, 2010		50,033,333	$	50,033	$	425,203		$	(635,813	)	$	(160,577	)	$	(34,377	)	$	(194,954	)

The accompanying notes are an integral part of the consolidated financial statements.

F - 6

BY DESIGN, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
	Year Ended			Year Ended
	Dec. 31, 2008			Dec. 31, 2009
Cash Flows From Operating Activities:
Net income (loss)	$	61,217		$	6,423
Adjustments to reconcile net loss to
net cash provided by (used for)
operating activities:
Amortization & depreciation		9,793			9,793
Accounts receivable		(32,658	)		49,153
Inventory					(11,729	)
Accrued payables		24,081			15,404
Write offs					31,523
Other liabilities		(18,188	)
Net cash provided by (used for)
operating activities		44,245			100,567
Cash Flows From Investing Activities:
Net cash provided by (used for)
investing activities		-			-
(Continued On Following Page)

GLOBAL GATE PROPERTY CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS


	Year Ended			Year Ended
	Dec. 31, 2010			Dec. 31, 2009

Cash Flows From Operating Activities:
Net income (loss)	$	(336,714	)	$	6,423

Adjustments to reconcile net income (loss) to
net cash provided by (used in) operating activities:
Depreciation and amortization		9,793			9,793
Amortization of non-employee share-based compensation		1,581			-
Share-based employee compensation expense		151			-
Write offs		-			31,523
Changes in assets and liabilities:
Accounts receivable		(1,123	)		49,153
Inventory		21,315			(11,729	)
Prepaid and other current assets		(37,958	)		-
Accrued payables		268,401			15,404
Other liabilities		(6,987	)		-
Net cash provided by (used in) operating activities		(81,541	)		100,567

Cash Flows From Investing Activities:
Net cash acquired in acquisition of Macoy Capital Partners, Inc.		6,478			-
Net cash provided by investing activities		6,478			-

Cash Flows From Financing Activities:
Proceeds from sale of common stock		245,210			-
Proceeds from payable to related parties		85,105			5,000
Repayment of payable to related parties		(225,947	)		-
Distributions		-			(129,586	)
Net cash provided by (used in) financing activities		104,368			(124,586	)

Net Increase (Decrease) In Cash		29,305			(24,019	)

Cash At The Beginning Of The Year		15,960			39,979

Cash At The End Of The Year	$	45,265		$	15,960

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

Non-Cash Financing Activities:
Common stock issued for acquisition	$	333		$	-
Debt relief capital contribution from former Director for notes payable of $138,800, related accrued interest of $70,543 and accounts payable of $9,420.	$	218,763		$	-

The accompanying notes are an integral part of the consolidated financial statements.

F - 7

BY DESIGN, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Continued From Previous Page)
	Year Ended			Year Ended
	Dec. 31, 2008			Dec. 31, 2009
Cash Flows From Financing Activities:
Related party advances - borrowings		7,300			5,000
Paid in capital - distributions		(40,000	)		(129,586	)
Net cash provided by (used for)
financing activities		(32,700	)		(124,586	)
Net Increase (Decrease) In Cash		11,545			(24,019	)
Cash At The Beginning Of The Period		28,434			39,979
Cash At The End Of The Period	$	39,979		$	15,960
Schedule Of Non-Cash Investing And Financing Activities
None
Supplemental Disclosure
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

GLOBAL GATE PROPERTY CORP.

The accompanying notes are an integral part of the consolidated financial statements.

F - 8

BY DESIGN, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

~~December~~ DECEMBER 31, ~~2008~~2010 ~~and~~AND 2009

NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

~~By Design,~~Global ~~Inc~~Gate Property Corp. (the “Company”), was incorporated in the State of Nevada on February 23, 2006. The Company was formed to market and supply home design products to residential and commercial builders and developers in Denver, Colorado. In ~~The~~October 2010, the Company ~~may~~ purchased a 51% equity interest in Macoy Capital Partners, Inc. (“Macoy”), a Los Angeles based real estate brokerage which also ~~engage~~provides financing services for real estate purchases (see Note 8) in ~~any~~conjunction ~~other~~with ~~business~~our ~~permitted~~wholly byowned ~~law~~Hong Kong subsidiary, asGlobal ~~designated~~Gate byProperty ~~the~~Ltd. ~~Board of~~(“GGPL”), ~~Directors~~which ofwas ~~the~~established ~~Company~~in December 2010 and did not commence operations until 2011.

Principles of ~~consolidation~~ Consolidation

The accompanying consolidated financial statements include the accounts of ~~By Design,~~Global ~~Inc~~Gate Property Corp., its wholly owned subsidiary, GGPL, and its 51% owned ~~subsidiary.~~subsidiaries Stone Select, LLC (“Stone Select”) and Macoy. All intercompany accounts and transactions have been eliminated in consolidation.

Use of Estimates

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

~~Cash~~Fair ~~and~~Value ~~cash equivalents~~of Financial Instruments

The Company ~~considers~~has ~~all~~adopted ~~highly~~ASC ~~liquid~~820, ~~investments~~“Fair ~~with~~Value anMeasurements ~~original~~and Disclosures”, for financial assets and liabilities that are required to be measured at fair value, and non-financial assets and liabilities that are not required to be measured at fair value on a recurring basis. The carrying value of cash, accounts receivable, accounts payable, other current liabilities and amounts due to related parties approximates fair value due to the relatively short maturity of ~~three~~ ~~months~~these orinstruments. ~~less~~ASC as820 ~~cash~~provides ~~equivalents~~that the measurement of fair value requires the use of techniques based on observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. The inputs create the following fair value hierarchy:

~~Accounts receivable~~• Level 1—Quoted prices for identical instruments in active markets.

~~The Company~~• ~~reviews~~Level ~~accounts~~2—Quoted ~~receivable~~prices ~~periodically~~ for ~~collectability~~similar ~~and establishes~~instruments anin ~~allowance~~active ~~for~~markets; ~~doubtful~~quoted ~~accounts~~prices ~~and~~for ~~records~~identical ~~bad~~or ~~debt~~similar ~~expense~~instruments ~~when deemed~~in ~~necessary.~~markets Atthat ~~December~~are ~~31,~~not ~~2008~~active; and ~~2009~~model-derived ~~the~~valuations ~~Company~~where ~~had~~inputs noare ~~balance~~observable ~~in its~~or ~~allowance~~where ~~for~~significant ~~doubtful~~value ~~accounts~~drivers are observable.

~~Property~~• ~~and equipment~~Level 3—Instruments where significant value drivers are unobservable to third parties.

~~Property and equipment are recorded at cost and depreciated under the straight line method over each item's estimated useful life.~~F-8

~~Minority Interest~~GLOBAL GATE PROPERTY CORP.

The Company’s subsidiary has minority members, representing ownership interests of 49% at December 31, 2008 and 2009. Allocation of their proportionate net losses beyond $100 would result in negative capital accounts. Accordingly, their investment is shown as $0 at

F - 9

BY DESIGN, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

~~December~~ DECEMBER 31, ~~2008~~2010 ~~and~~AND 2009

NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued):

~~December 31,~~Accounts 2008 and 2009 and all losses subsequent to the minority members' capital accounts reaching zero have been charged to the majority member. Gains have also been credited to the majority member, until such time as the minority members' capital accounts exceed zero.Receivable

The Company’s accounts receivable balances are composed of trade receivables. The Company maintains an allowance for doubtful accounts when necessary and makes ongoing estimates as to the ability to collect on the various receivables. If the Company determines that the allowance for doubtful accounts is not adequate to cover estimated losses, an expense to provide for doubtful accounts is recorded in general and administrative expenses. If an account is determined to be uncollectible, it is written off against the allowance for doubtful accounts. Management’s assessment and judgment are vital requirements in assessing the ultimate realization of these receivables, including the current credit-worthiness, financial stability and effect of market conditions on each customer. At December 31, 2010 and 2009 the Company had no balance in its allowance for doubtful accounts.

Fixed Assets

Fixed assets are stated at cost. Leasehold improvements are amortized using the straight-line method over the related lease terms. Furniture, shop equipment and computer equipment are depreciated using the straight-line method over the estimated useful lives of the assets. Repairs and maintenance are expensed as incurred. Expenditures that increase the value or productive capacity of assets are capitalized. Property and equipment retired, sold or otherwise disposed of are written off, as is the related accumulated depreciation and amortization, and any gain or loss is recorded.

Goodwill

ASC 350-20-35 “Intangibles-Goodwill and Other, Goodwill Subsequent Measurement” requires that goodwill not be amortized but be tested for impairment on an annual basis, or more frequently if circumstances warrant. The Company tests goodwill for impairment annually as of December 31, or more frequently if circumstances indicate that its carrying value might exceed its current fair value. Per the provisions of ASC 350, goodwill impairment testing is a two-step process. The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired, thus the second step of the impairment test is unnecessary. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of impairment loss, if any. Step two compares the implied fair value of the reporting unit’s goodwill with the current carrying amount of that goodwill. If the carrying value of a reporting unit’s goodwill exceeds its implied fair value, an impairment amount equal to the difference is recorded.

A summary of changes in the Company’s goodwill is as follows:

	Goodwill
Balance at 12/31/09	$	-
Additions (see Note 8)		12,337
Balance at 12/31/09	$	12,337

Noncontrolling Interest

Two of the Company’s subsidiaries have minority members, both representing ownership interests of 49%. The Company accounts for these noncontrolling interests pursuant to ASC 810-10-65 whereby gains or losses in a subsidiary with a noncontrolling interest are allocated to the noncontrolling interest based on the ownership percentage of the noncontrolling interest, even if that allocation results in a deficit noncontrolling interest balance.

F-9

GLOBAL GATE PROPERTY CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2010 AND 2009

NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Inventories

Inventories, consisting of building materials, purchased for resale and are stated at the lower of cost or market (first-in, first-out method). Inventory ~~Costs~~is ~~capitalized~~reduced toby ~~inventory~~a ~~include~~reserve ~~the purchase~~for ~~price,~~items ~~transportation~~not ~~costs,~~saleable ~~and~~at ~~any~~or ~~other~~above ~~expenditures~~cost. The ~~incurred~~Company ~~in bringing~~evaluates the ~~goods~~adequacy toof the ~~point~~reserve ofon ~~sale~~a ~~and~~quarterly ~~putting them in saleable condition~~basis. ~~Costs of good sold include those expenditures capitalized to inventory.~~

Revenue ~~recognition~~ Recognition

Revenue is recognized on an accrual basis as earned under contract terms. Specifically, revenue from product sales by Stone Select is recognized subsequent to a customer ordering a product at an agreed upon price, delivery has occurred, and collectability is reasonably assured. Macoy’s real estate and mortgage brokerage services consist of assisting home buyers and sellers in listing, marketing, selling and finding homes and mortgage loans. Macoy earns commissions for these services, which are recorded as revenues upon the closing of real estate transactions (i.e., purchase or sale of a home) and/or mortgage issuance.

Advertising ~~costs~~ Costs

Advertising costs are expensed as incurred. The Company recorded no advertising costs in ~~2008~~ 2010 and $4,000 in 2009.

Income ~~tax~~ Tax

The Company accounts for income taxes ~~pursuant~~in toaccordance with ASC 740, “Income Taxes”. ~~Under~~This ~~ASC~~standard ~~740~~establishes ~~deferred taxes~~financial ~~are~~accounting ~~provided~~and onreporting astandards ~~liability~~for ~~method~~the ~~whereby~~effects ~~deferred~~of ~~tax~~income ~~assets~~taxes ~~are recognized~~that ~~for~~result ~~deductible~~from ~~temporary~~an ~~differences~~enterprise’s ~~and~~activities ~~operating~~during ~~loss~~the ~~carryforwards~~ current and ~~deferred~~preceding ~~tax~~years. ~~liabilities~~It ~~are~~requires ~~recognized~~an asset and liability approach for ~~taxable~~financial ~~temporary~~accounting ~~differences~~and reporting of income taxes. ~~Temporary~~ Under ~~differences~~this ~~are~~approach, deferred taxes represent the ~~differences~~future ~~between~~tax consequences expected to occur when the reported amounts of assets and liabilities ~~and~~are ~~their~~recovered ~~tax~~or ~~bases~~paid. Deferred taxes result from differences between the financial and tax bases of the Company's assets and liabilities and are ~~reduced~~adjusted byfor ~~a valuation~~changes ~~allowance~~in tax rates and tax laws when, inchanges ~~the~~are ~~opinion~~enacted. ofValuation ~~management,~~allowances are recorded to reduce deferred tax assets when it is more likely than not that ~~some~~a ~~portion~~tax benefit will not be realized. The assessment of whether or ~~all~~not a valuation allowance is required often requires significant judgments. ASC 740-10-55-3 “Recognition and Measurement of Tax Positions — a Two Step Process” provides implementation guidance related to the ~~deferred~~accounting ~~tax~~for ~~assets~~uncertainty ~~will~~in ~~not~~income betaxes ~~realized. Deferred~~recognized ~~tax~~in ~~assets~~an enterprise’s financial statements and ~~liabilities~~prescribes ~~are~~a ~~adjusted~~two-step evaluation process for ~~the~~a ~~effects~~tax ofposition ~~changes~~taken or expected to be taken in a tax ~~laws~~return. The first step is recognition and ~~rates~~the second is measurement. ASC 740 also provides guidance on ~~the~~derecognition, ~~date~~measurement, ofclassification, ~~enactment~~disclosures, transition and accounting for interim periods.

~~F -~~Net 10Income (Loss) Per Share

~~BY DESIGN~~Basic and diluted net income (loss) per share is presented in conformity with ASC 260, ~~INC~~"Earnings per Share," for all periods presented. In accordance with ASC 260, basic and diluted net loss per common share was determined by dividing net loss attributable to common stockholders by the weighted-average common shares outstanding during the period. Diluted weighted-average shares are the same as basic weighted-average shares because common shares issuable pursuant to the exercise of stock options and warrants would have been antidilutive.

F-10

GLOBAL GATE PROPERTY CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

~~December~~ DECEMBER 31, ~~2008~~2010 ~~and~~AND 2009

NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued):

Net income (loss) per share

The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company's preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share.

Financial Instruments

The carrying value of the Company’s financial instruments, as reported in the accompanying balance sheets, approximates fair value.

Long-Lived Assets

In accordance with ASC 350, the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances, both internally and externally, that may suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value.

Products and ~~services~~Services, ~~geographic~~ ~~areas~~Geographic Areas and ~~major~~Major ~~customers~~Customers

The Company earns revenue from the sale of natural stone building materials in Denver, ~~but~~Colorado. The ~~does~~Company ~~not~~also ~~separate sales~~earns revenues from the provision of ~~different~~real ~~product~~estate ~~lines~~and ~~into~~mortgage ~~operating~~brokerage ~~segments.~~services in Los Angeles, California. All ~~sales~~revenues ~~each~~in ~~year~~ 2010 and 2009 were ~~domestic~~from ~~and~~sales to domestic external customers. There were no sales between the Company’s subsidiaries.

Effect of Recently Issued Accounting Standards

In December 2010, the FASB issued Accounting Standards Update (“ASU”) 2010-28, “Intangibles — Goodwill and Other (Topic 350): When to Perform Step 2 of the Goodwill Impairment Test for Reporting Units with Zero or Negative Carrying Amounts”. ASU 2010-28 modifies Step 1 of the goodwill impairment test such that for reporting units with zero or negative carrying amounts, an entity is required to perform Step 2 of the goodwill impairment test if it is more likely than not based on an assessment of qualitative indicators that a goodwill impairment exists. In determining whether it is more likely than not that goodwill impairment exists, an entity should consider whether there are any adverse qualitative factors indicating that an impairment may exist. ASU 2010-28 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. Early adoption is not permitted. The Company does not expect adoption of this standard to have a material impact on its consolidated results of operations or financial position.

In February 2010, the FASB issued ASU 2010-09, "Subsequent Events (Topic 855)—Amendments to Certain Recognition and Disclosure Requirements." ASU 2010-09 requires an entity that is an SEC filer to evaluate subsequent events through the date that the financial statements are issued and removes the requirement that an SEC filer disclose the date through which subsequent events have been evaluated. ASC 2010-09 was effective upon issuance. The Company adopted ASU 2010-09 upon issuance and such adoption had no effect on its results of operation or its financial position.

F-11

GLOBAL GATE PROPERTY CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2010 AND 2009

NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

In January 2010, the FASB issued ASU 2010-02, “Accounting and Reporting for Decreases in Ownership of a Subsidiary—a Scope Clarification”, in response to practice issues entities encountered in applying the decrease in ownership provisions of SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements” (codified in ASC 810-10, “Consolidation”). ASU 2010-02 clarifies that the decrease in ownership provisions of ASC 810-10 and related guidance apply to (a) a subsidiary or group of assets that is a business or nonprofit activity, (b) a subsidiary or group of assets that is a business or nonprofit activity for a noncontrolling interest in an entity (including an equity method investee or joint venture) and (c) an exchange of a group of assets that constitutes a business or nonprofit activity for a noncontrolling interest in an entity (including an equity method investee or joint venture). In addition, ASU 2010-02 clarifies that the decrease in ownership guidance does not apply to sales of in-substance real estate or conveyances of oil and gas mineral rights, even if these transactions involve businesses. Finally, the ASU expands the disclosures required upon deconsolidation of a subsidiary. The adoption of ASU 2010-02 on January 1, 2010 did not have an impact on the Company's financial statements.

Reclassification

Certain prior year amounts have been reclassified to conform to the current period presentation.

NOTE 2. RELATED PARTY TRANSACTIONS

~~The Company~~At at December 31, ~~2008~~2009, ~~and~~the ~~2009~~Company had a payable due to aDeanie ~~Company~~J. ~~officer of $341~~Underwood,~~747~~ the former President and Chief Executive Officer, of $358,686 for due on demand, unsecured, working capital advances made to the Company. ~~Prior~~over toseveral ~~2008 the advances were non-interest bearing~~years. Interest ~~In 2008 the Company agreed to accrue interest~~ on the advances accrued at 6% per annum. Interest expense under this agreement in ~~2008~~2010 and 2009 was $209,~~411~~367 and $20,695 with accrued interest payable at December 31, ~~2008 and~~ 2009 of $4061,~~481~~176. ~~and~~ As of June 24, 2010, the Company owed Mrs. Underwood $61444,~~176~~710 relating to advances made to the Company and related accrued interest. The Company ~~also~~repaid ~~recorded~~Mrs. ~~compensation~~Underwood ~~expense~~$225,947 on June 24, 2010, from the proceeds of ~~$500~~the ~~per~~sale ~~month~~of shares discussed in ~~2008~~ ~~for~~Note ~~administrative~~7, and ~~management~~Mrs. ~~services~~Underwood ~~donated~~forgave to$218,763 of the ~~Company~~remaining ~~by officers,~~advances and ~~$250~~interest ~~per~~due. ~~month~~This ~~for~~forgiveness ~~office~~was ~~space~~recorded ~~donated~~as bya ancontribution ~~officer.~~to ~~Total donated~~additional ~~services~~paid ~~expense~~in ~~for~~capital ~~2008~~in ~~was $9,000~~2010.

F On October 1, 2010, the Company entered into an employment agreement with Gary S. Ohlbaum to secure Mr. Ohlbaum’s services as President, Chief Executive Officer and Chief Financial Officer of the Company and its subsidiaries. Mr. Ohlbaum’s employment agreement entitles him to receive, effective October 1, 2010, equity-based 11award consisting of 10,000,000 stock options, exercisable at $0.75 per share. The term of the employment agreement commenced on October 1, 2010 and ends on September 30, 2011, but can be renewed for successive one year periods unless terminated, as provided in the employment agreement. Mr. Ohlbaum shall be paid an annual base salary of $180,000, which may be amended by the Company’s board of directors (see Note 7).

~~BY DESIGN~~In 2010, ~~INC~~the Company incurred $110,000 in consulting expenses relating to services provided by two shareholders in the second half of 2010, which is included in accounts payable at December 31, 2010.

F-12

GLOBAL GATE PROPERTY CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

~~December~~ DECEMBER 31, ~~2008~~2010 ~~and~~AND 2009

NOTE 3. INCOME TAXES

Deferred income taxes primarily arise from the temporary differences between financial statement and income tax recognition of net operating losses. ~~These~~The ~~loss~~utilization ~~carryovers~~of ~~are limited~~these ~~under~~NOLs is subject to limitations based on past and future changes in ownership of the Company pursuant to Internal Revenue Code ~~should~~Section 382. aThe ~~significant~~Company has determined that an ownership change had occurred as of June 24, 2010 (see Note 7), which may limit the Company’s ability to utilize its NOL carryforwards, although the Company has not yet determined to what extent. The deferred tax asset in ~~ownership occur~~respect of the tax loss carryforwards has been fully offset by a valuation allowance as in the opinion of the Company’s management; it is more likely than not that the tax loss carryforwards will not be utilized in the foreseeable future.

At December 31, ~~2008~~2010 and 2009 the Company had net operating loss carryforwards of approximately $~~107~~452,000 and $131,000 which begin to expire in 2025. Valuation ~~The~~allowances for the full amount of the deferred tax ~~asset~~assets created by the net operating losses of approximately $42176,000 and $51,000, ~~created~~have bybeen ~~the~~established ~~net~~at ~~operating~~December 31, ~~losses~~2010 ~~has~~and ~~been offset~~2009, byrespectively. As a ~~100%~~result ~~valuation~~of ~~allowance.~~the ~~The~~increases ~~change~~ in the valuation allowance ~~in 2008~~of ~~and~~approximately ~~2009 was~~ $(7125,~~081)~~000 and $9,~~257~~000 during the years ended December 31, 2010 and 2009 respectively, there are no income tax benefits reflected in the accompanying statements of operations to offset the income or loss before the provision for income taxes.

The Company evaluated its tax positions as of December 31, 2010 and 2009 and does not have any unrecognized tax positions. The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. As of December 31, 2010 and 2009, the Company had no accrued interest or penalties. In certain cases, the Company’s uncertain tax positions are related to tax years that remain subject to examination by the relevant tax authorities. The Company files U.S. and state income tax returns in jurisdictions with varying statutes of limitations. The 2006 through 2010 tax years generally remain subject to examination by federal and most state tax authorities.

NOTE 4. FIXED ASSETS

Fixed asset values recorded at cost are as follows:

	2008			2009
	2010			2009			Estimated Useful Lives
Furniture & fixtures	$	9,927		$	9,927		7 years
Shop equipment		6,420			6,420		7 years
Computer equipment		4,928			4,928		5 years
Leasehold improvements		67,553			67,553		Over the lease term
		88,828			88,828
Less accumulated depreciation		(2646,~~688~~274	)		(36,481	)
Total	$	6242,~~140~~554		$	52,347

Depreciation expense in ~~2008~~2010 and 2009 was $9,793 each year.

~~NOTE 5. LEASE COMMITMENT~~F-13

~~The Company~~GLOBAL ~~rents~~GATE ~~office~~PROPERTY space at $1,500 per month under a verbal lease, and yard and warehouse space at approximately $2,100 per month plus costs under a non-cancellable lease with no stated renewal option expiring in March 2012CORP. Rent expense under all leases for 2008 and 2009 was $47,473 and $53,462. Minimum future rent expenses by year from December 31, 2009 forward under the leases are: 2010 $25,536, 2011 $25,536, and 2012 $6,384 ($57,456 total).

F - 12

BY DESIGN, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

~~December~~ DECEMBER 31, ~~2008~~2010 ~~and~~AND 2009

NOTE 5. LEASE COMMITMENT

Stone Select rents office space in Denver, Colorado, at $1,500 per month under a month to month verbal lease, and yard and warehouse space in Denver, Colorado at $2,128 per month plus costs under a non-cancellable lease with no stated renewal option, expiring in March 2012. Rent expense under all leases for 2010 and 2009 was $54,176 and $53,462. Minimum future rent expenses by year from December 31, 2011 forward under the leases are: $25,536 in 2011, and $6,384 in 2012 ($31,920 in total).

NOTE 6. GOING CONCERN

The Company has a ~~large~~ working capital deficit of $253,945 at December 31, 2010 and incurred a net loss of $336,714 in 2010. ~~This~~These ~~condition~~conditions raises substantial doubt about the Company’s ability to continue as a going concern. The Company may raise additional capital through the sale of its equity securities, through offerings of debt ~~securities~~, or through borrowings from financial institutions. Management believes that actions presently being taken to obtain additional funding will provide the opportunity for the Company to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~F -~~NOTE 137. CHANGE IN CONTROL TRANSACTION

~~ITEM 9~~On June 24, 2010, Mrs. ~~DISAGREEMENTS~~Underwood ~~WITH~~and ~~ACCOUNTANTS~~Bradley ONC. ~~ACCOUNTING~~Underwood, ~~AND~~one ~~FINANCIAL DISCLOSURE~~of the Company’s then significant shareholders, privately sold 7,197,802 shares of the Company’s common stock, constituting approximately 78.3% of the Company’s then outstanding shares, to certain unaffiliated, non-U.S. purchasers pursuant to separate stock purchase agreements. As a result of the privately-negotiated sales, a change of control of the Company occurred. The unaffiliated purchasers purchased the shares for a total of approximately $75,000 in cash, inclusive of related acquisition costs. The terms of the purchase and sale transactions were as a result of arm’s-length negotiations between the sellers and each of the purchasers. Neither party had any relationship with the other prior to the transaction.

WeOn ~~did not~~June ~~have~~24, ~~any~~2010, ~~disagreements~~the onCompany ~~accounting~~issued an aggregate of 40,802,198 new shares of the Company’s common stock to 16 unaffiliated non-U.S. investors, pursuant to separate stock subscription agreements. The Company received total gross proceeds of $245,210 in consideration for the sale of such shares. The Company completed the sale of the new shares in reliance upon the exemption from registration provided by Section 4(2) of the Securities Act of 1933 and ~~financial~~Regulation ~~disclosures~~D and Regulation S promulgated thereunder. In connection with ~~our present~~the ~~accounting~~issuance ~~firm~~of ~~during~~the new shares on June 24, 2010, the ~~reporting~~Company issued 40,802,198 warrants exercisable at $0.10 per share for a 1 year period and 40,802,198 warrants exercisable at $0.20 per share for a 2 year period. The warrants issued with common stock were recorded as additional paid in capital at the estimated fair market value of $383 (see Note 9).

~~ITEM 9A(T). CONTROLS AND PROCEDURES.~~F-14

~~Conclusion Regarding~~GLOBAL ~~the~~GATE ~~Effectiveness~~PROPERTY ~~of Disclosure Controls and Procedures~~CORP.

~~Under~~NOTES ~~the supervision~~TO ~~and~~CONSOLIDATED ~~with~~FINANCIAL the participation of our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the Exchange Act). Accordingly, we concluded that our disclosure controls and procedures as defined in Rule 13a-15(e) under the Exchange Act were effective to ensure that information required to be disclosed in reports we file or submit under the Exchange Act is recorded, processed, and summarized and reported within the time periods specified in SEC rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions as appropriate to allow timely decisions regarding required disclosure. As a result of this evaluation, we identified no material weaknesses in our internal control over financial reporting as of December 31, 2009. Accordingly, we concluded that our disclosure controls and procedures were effective as of December 31, 2009.STATEMENTS

~~Management’s Annual~~DECEMBER ~~Report~~31, on2010 ~~Internal~~AND ~~Control Over Financial Reporting~~2009

NOTE 7. CHANGE IN CONTROL TRANSACTION (Continued)

In connection with the change in control, Mrs. Underwood, the Company’s then sole officer, resigned from her position. Mrs. Underwood also resigned as the Company’s sole director. Gary S. Ohlbaum, the Group Managing Director of Nourican Trading Ltd., an international investment and advisory firm, was elected to the Company’s board of directors and appointed to be the Company’s President, Chief Executive Officer and Chief Financial Officer (see Note 2). The Company’s business focus did not change in connection with the transactions described above.

On August 20, 2010, the Company amended its Articles of Incorporation to change the Company’s corporate name to Global Gate Property Corp. from By Design, Inc. and increase the total number of shares of the Company’s common stock that it is authorized to issue from 50,000,000 shares to 500,000,000 shares of the Company’s common stock to accommodate future transactions, part of which was used to acquire Macoy on October 22, 2010 (see Note 8).

NOTE 8. ACQUISITION

On October 22, 2010, the Company purchased 51% of the outstanding shares of common stock of Macoy, pursuant to a Stock Purchase Agreement with Mitch Ohlbaum, its former sole shareholder. Under the Stock Purchase Agreement, the Company purchased 510 shares of common stock of Macoy from Mr. Ohlbaum in consideration for $10,000 in cash and 33,333 shares of the Company’s common stock valued at $0.01 per share. Macoy’s main focus is to broker residential and commercial loans to the general public. Macoy also provides residential and commercial real estate brokerage services. Mitch Ohlbaum is the brother of Gary S. Ohlbaum, the Company’s President and Chief Executive Officer. The following is a summary of the purchase price allocation:

Purchase Price Paid:

Value of Global Gate common stock	$	333
Cash		10,000
Total purchase price	$	10,333

Allocation of Purchase Price:

Cash	$	6,478
Receivable from related party		5,894
Goodwill		12,337
Liabilities assumed		(4,448	)
Noncontrolling interest		(9,928	)
Total purchase price	$	10,333

Assets and liabilities of the acquired business and the noncontrolling interest were recorded under the purchase method of accounting at their estimated fair values as of the date of acquisition. Goodwill represents costs in excess of fair values assigned to the underlying net assets and the noncontrolling interest of the acquired business. The $10,000 portion of the purchase price was not paid until March 27, 2011, therefore this balance is included in accounts payable at December 31, 2010. The primary reasons for the Company’s acquisition of the majority interest in Macoy and the principal factors that contribute to the recognition of goodwill is the addition of a presence of a real estate and mortgage broker in California and expected future synergies related to the Company’s planned business of providing immigration, relocation and real estate investment assistance to persons in China seeking relocation to California or investments in the US real estate market.

F-15

GLOBAL GATE PROPERTY CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2010 AND 2009

NOTE 8. ACQUISITION (Continued)

The results of operations of Macoy are included in the Company’s consolidated operating results as of the date the business was acquired. The following unaudited pro forma results assume the acquisition occurred at the beginning of each period presented. The pro forma results do not purport to represent what the Company’s results of operations actually would have been if the transactions set forth had occurred on the date indicated or what the Company’s results of operations will be in future periods.


	(Unaudited)
	2010			2009

Revenue	$	421,693		$	303,541
Net Income (loss)	$	(338,336	)	$	19,868
Less: Net (income) loss attributable to noncontrolling interest	$	17,193		$	(25,938	)
Net income (loss) attributable to common stockholders	$	(321,143	)	$	(6,070	)
Net income (loss) per share (Basic and fully diluted)	$	(0.01	)	$	(0.00	)

NOTE 9. NON-PLAN STOCK OPTIONS AND WARRANTS

Non-Plan Stock Options

The Company issued 10,000,000 non-plan stock options to Gary S. Ohlbaum, the Company’s President and Chief Executive Officer, on October 1, 2010 at an exercise price of $0.75 per share, which vest evenly over 3 years and have a 10 year life. The Company issued 5,000,000 non-plan stock options to David Cheung, a Director of the Company, on November 30, 2010 at an exercise price of $0.75 per share, which vest evenly over 3 years and have a 10 year life. The Company also issued an aggregate of 10,000,000 non-plan stock options to two shareholders of the Company for consulting services provided to the Company in the third and fourth quarters of 2010, on November 30, 2010 at an exercise price of $0.75 per share, which vest evenly over 3 years and have a 10 year life. At December 31, 2010, non-plan options for the purchase of 25,000,000 shares, at an exercise price of $0.75 per share, were outstanding. No options were issued prior to 2010.

The Company follows the provisions of ASC 718, “Compensation – Stock Compensation”. The compensation cost that has been charged against income was $1,732 in 2010. No compensation costs relating to stock based compensation were incurred in 2009. As of December 31, 2010, there was $2,188 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plan. That cost is expected to be recognized $780 in 2011; $780 in 2012 and $628 in 2013.

The fair value of each option award is estimated on the date of the issuance using the Black-Sholes-Merton formula and the assumptions noted in the table below. The Company does not have sufficient history on which to base its assumptions as to the volatility of its stock. Accordingly, the company has based these assumptions on the assumed volatilities of other publicly traded companies that are in related markets or have other similar business characteristics. The expected option term represents the period that stock-based awards are expected to be outstanding based on the simplified method, which averages an award’s weighted-average vesting period and expected term for “plain vanilla” share options. Due to the lack of a sufficient history on which to base a forfeiture rate, none was used in 2010. The Company does not anticipate paying dividends on its common stock in the foreseeable future. The risk-free rate has been based on the U.S. Treasury yield curve in effect at the time of the issuance.

The weighted-average fair value of all options granted during the twelve months ended December 31, 2010, estimated as of the grant date using the Black-Scholes option valuation model, was $0.00016 per share.

F-16

GLOBAL GATE PROPERTY CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2010 AND 2009

NOTE 9. NON-PLAN STOCK OPTIONS AND WARRANTS (Continued)

The Company accounts for shares of common stock, stock options and warrants issued to non-employees based on the fair value of the stock, stock option or warrant, if that value is more reliably measurable than the fair value of the consideration or services received. Stock-based compensation expense associated with these non-employee option grants is being recorded in accordance with ASC 505 and accordingly (i) the measurement date will be when "performance commitment is completed" and accordingly the fair value of these options is required to be "marked to market" quarterly until the measurement date is determined. The Company accounts for common stock, stock options, and warrants granted to non-employees based on the fair market value of the instrument, using the Black-Scholes option pricing model based on assumptions for expected stock price volatility, term of the option, risk-free interest rate and expected dividend yield at the grant date.

The estimated fair value of each employee and non-employee stock option award was determined on the date of grant using the Black-Scholes option valuation model with the following assumptions during the twelve months ended December 31, 2010.

	Year Ended December 31,
	2010


Stock price fair value	$	0.01
Expected option term	6 years
Risk-free interest rate		1.58-1.82	%
Expected volatility		66.6	%
Dividend yield		0	%

A summary of stock option activity and of changes in stock options outstanding under the Company's plans is presented below:


	Shares Subject		Weighted- Average		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic
Options	to Option		Exercise Price		(years)		Value


Outstanding at December 31, 2008		-	$	-
Granted		-		-
Exercised		-		-
Forfeited or expired		-		-

Outstanding at December 31, 2009		-		-
Granted		25,000,000		0.75
Exercised		-		-
Forfeited or expired		-		-

Outstanding at December 31, 2010		25,000,000	$	0.75		9.85	$	-

Exercisable at December 31, 2010		None	$	-		-	$	-

The aggregate intrinsic value is calculated based on the positive difference between the fair value of the Company's common stock on December 31, 2010 and the exercise price of the underlying options. Because all outstanding option exercise prices exceeded the fair value of the Company's common stock on December 31, 2010, there was no intrinsic value of the Company's options outstanding at December 31, 2010.

F-17

GLOBAL GATE PROPERTY CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2010 AND 2009

NOTE 9. NON-PLAN STOCK OPTIONS AND WARRANTS (Continued)

ASC 718 requires that cash flows resulting from tax deductions in excess of the cumulative compensation cost recognized for options exercised (excess tax benefits) be classified as cash inflows from financing activities and cash outflows from operating activities.

Warrants

As of December 31, 2010, the Company had 40,802,198 warrants exercisable at $0.10 per share and 40,802,198 warrants exercisable at $0.20 per share (see Note 7). No warrants were issued or outstanding in 2009.

The following table summarizes our warrant activities for the year ended December 31, 2010:

	Shares		Weighted Average Exercise Price
Outstanding at January 1, 2010		-	$	-
Issued		81,604,396		0.15
Exercised		-		-
Cancelled or expired		-		-

Outstanding at December 31, 2010		81,604,396		0.15

All warrants are currently exercisable. The weighted-average remaining contractual life of the warrants outstanding at December 31, 2010 is 1 year.

F-18

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

(a)	Evaluation of Disclosure Controls and Procedures

Our management carried out an evaluation, with the participation of our Principal Executive Officer and Principal Financial Officer, required by Rule 13a-15 of the Securities Exchange Act of 1934 (the “Exchange Act”) of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) of the Exchange Act) as of December 31, 2010 and as covered by this Annual Report on Form 10-K. Based on this evaluation, our Principal Executive Officer and Principal Financial Officer noted a material weakness (see Management’s Annual Report on Internal Control over Financial Reporting below) and concluded that our disclosure controls and procedures were not effective.

A material weakness is a control deficiency, or combination of control deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected. Our Principal Executive Officer and our Principal Financial Officer concluded that as of December 31, 2010, we did not maintain effective controls with respect to the preparation of our annual financial statements. The material weakness identified during management's assessment were (i) a lack of sufficient internal accounting expertise to provide reasonable assurance that our financial statements and notes thereto, are prepared in accordance with generally accepted accounting principles (GAAP) and (ii) a lack of segregation of duties to ensure adequate review of financial statement preparation. Accordingly, our Principal Executive Officer and Principal Financial Officer has determined that these control deficiencies constitute a material weakness.

(b)	Management’s Annual Report on Internal Control Over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) and 15d-(f) under the Exchange Act. Our internal control over financial reporting are designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with U. S. generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that:

i. pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets;

ii. provide reasonable assurance that transactions are recorded as necessary to permit the preparation of our consolidated financial statements in accordance with U. S. generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and

iii. provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the consolidated financial statements.

Management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, ~~2009~~2010. InThe ~~making~~framework on ~~this~~which ~~assessment,~~such ~~management~~evaluation ~~used~~ was based is contained in the ~~criteria~~report ~~set~~entitled ~~forth~~“Internal Control — Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission (the “COSO Report”). Based on that evaluation and the criteria set forth in ~~Internal~~the ~~Control-Integrated~~COSO ~~Framework~~Report, management concluded that at December 31, 2010 there was a material weakness and therefore, the internal control over financial reporting was not effective.

Management has concluded that our internal control over financial reporting was effective as December 31, 2009.

Inherent Limitations Over Internal Controls

Internal control over financial reporting cannot provide absolute assurance of achieving financial reporting objectives because of its inherent limitations, including the possibility of human error and circumvention by collusion or overriding of controls. Accordingly, even an effective internal control system may not prevent or detect material misstatements on a timely basis. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

~~- 19 -~~14

Control Environment

During 2010, we did not maintain an effective control environment. The control environment, which is the responsibility of senior management, sets the tone of the organization, influences the control consciousness of its people, and is the foundation for all other components of internal control over financial reporting. Our control environment was ineffective because we (i) lacked sufficient internal accounting expertise to provide reasonable assurance that our financial statements and notes thereto, are prepared in accordance with generally accepted accounting principles (GAAP) and (ii) lacked segregation of duties to ensure adequate review of financial statement preparation.

We plan to remediate this material weakness during 2011 by hiring a controller who will:

·	Prepare annual and quarterly consolidated financial statements

·	Prepare annual and quarterly account reconciliations

·	Prepare annual and quarterly journal entries

We believe this hire will significantly improve segregation of duties within our financial department. We are also considering the use of an independent GAAP advisor. While we expect these remedial actions to be essentially implemented in calendar year 2011, some may not be in place for a sufficient period of time to help us certify that the material weakness has been fully remediated as of the end of calendar year 2011. We will continue to develop our remediation plans and implement additional measures during calendar year 2011 and possibly into calendar year 2012.

If the remedial measures described above are insufficient to address any of the identified material weakness or are not implemented effectively, or additional deficiencies arise in the future, material misstatements in our interim or annual financial statements may occur in the future and we may continue to be delinquent in our filings. We are currently working to improve and simplify our internal processes and implement enhanced controls, as discussed above, to address the material weakness in our internal control over financial reporting and to remedy the ineffectiveness of our disclosure controls and procedures.

Changes in Internal Control Over Financial Reporting

WeDuring ~~have made~~the quarter ended December 31, 2010, there was no change in our internal ~~control~~controls over financial reporting, ~~during the last fiscal quarter~~ that has materially affected, or is reasonably likely to materially affect, our internal ~~control~~controls over financial reporting.

~~Attestation Report~~ITEM of9B. ~~the~~OTHER ~~Registered Public Accounting Firm.~~INFORMATION

~~This annual report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting~~None. Management's report was not subject to attestation by our independent registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only management's report in this annual report on Form 10-K.

~~ITEM 9B. OTHER INFORMATION.~~15

Nothing to report.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

~~Set~~Directors ~~forth below are the names of our sole director~~ and ~~officer,~~Executive ~~all positions and offices held with us, the period during which she has served as such, and the business experience during at least the last five years:~~Officers

Name		Age		Positions and Offices Held
Deanie J. Underwood		54		President, Chief Executive Officer, Secretary-Treasurer, Chief Financial Office and Director

The following table sets forth certain information concerning our directors and executive officers as of April 12, 2011:

Our Director will serve in such capacity until our next annual meeting of shareholders and until her successors have been elected and qualified. The officer serve at the discretion of our Director. There are no arrangements or other understandings between any of our directors or officers or any other person pursuant to which any officer or director was or is to be selected as an officer or director. None of our Directors are independent but are a part of, and are controlled by our management.

Directors and Executive Officer	Age	Positions/Title

Gary S. Ohlbaum	55	President, Chief Executive Officer, Chief Financial Officer and Director

Wai Tak (David) Cheung	58	Director

~~Ms.~~The ~~Underwood~~following is ~~has been our President, Chief Executive and Financial Officer, Treasurer and~~ a ~~Director~~summary ~~since~~of ~~our inception. She has been involved in this business since 1996, through our unincorporated predecessor. This has been her principal occupation during this period. She has been~~ the ~~Corporate~~ ~~Secretary~~biographical ~~since March, 2009, after the resignation~~ information of ~~Mr.~~our ~~Bradley~~directors ~~C. Underwood.~~and officers:

~~Committees~~ Mr. Gary S. Ohlbaum has been our President, Chief Executive Officer and Chief Financial Officer since June 24, 2010. Since 1991, Mr. Ohlbaum has been the Group Managing Director of Nourican Trading Ltd. , an investment and advisory firm focusing primarily on the ~~Board~~restaurant franchising, telecommunications and real estate sectors within Central and Eastern Europe. From 2004 to November 2007, he served as a board member of ~~Directors~~Industrogradnja d.d., a construction and real estate company located in Zagreb, Croatia. In 2001 and 2002, he was the Chairman and Chief Executive Officer of RealTeck B.V., the first tower management company in Central and Eastern Europe, located in Prague, Czech Republic. From 1995 to 2001, Mr. Ohlbaum acted as the Chief Executive Officer of European Food & Entertainment Concepts Limited, a franchisee of T.G.I. Friday’s in the Czech Republic, Slovakia, Slovenia, Austria, Hungary, Germany and Italy. Mr. Ohlbaum’s broad management expertise with international companies provides relevant experience in a number of strategic and operational areas.

~~There~~Mr. ~~are no~~Wai ~~committees~~Tak (David) Cheung has been our director since September 7, 2010. Since 2005, Mr. Cheung has held a number of senior management positions, currently acting as the ~~Board~~Chief Financial Officer, with JF Household Furnishings Limited, a Hong Kong Stock Exchange listed company engaged in the manufacture and sale of ~~Directors~~home furnishing products and accessories for kitchens and bathrooms. He currently serves as an independent member of the board of directors of China E-Learning Group Limited, a HKSE-listed distance learning company, and Superb Summit International Timber Company Limited, a HKSE-listed integrated wood products business. From 2007 to 2009, Mr. Cheung was also an executive director of China Grand Forestry Green Resources Group Limited, a HKSE-listed forestry products business, and in 2007, an independent director of Compass Pacific Holdings Ltd., a HKSE-listed investment business. Mr. Cheung’s significant public company experience and executive leadership qualifies him to serve as a director of our company.

~~Section 16(a) Beneficial~~Family ~~Ownership Reporting Compliance~~Relationships

~~Section 16(a) of~~There ~~the~~are ~~Securities~~no ~~Exchange~~family ~~Act~~relationships ofamong ~~1934 (the “34 Act”) requires~~ our ~~officers and~~ directors and persons owning more than ten percent of the Common Stock, to file initial reports of ownership and changes in ownership with the Securities and Exchange Commission (“SEC”). Additionally, Item 405 of Regulation S-K under the 34 Act requires us to identify in its Form 10-K and proxy statement those individuals for whom one of the above referenced reports was not filed on a timely basis during the most recent year or ~~prior~~executive ~~years~~officers. ~~We have nothing to report in this regard.~~

~~- 20~~Qualifications -for Directors

In its assessment of each potential candidate, including those recommended by stockholders, the Board considers the nominee’s judgment, integrity, experience, independence, understanding of our business or other related industries and such other factors the Board determines are pertinent in light of the current needs of the board. The Board also takes into account the ability of a director to devote the time and effort necessary to fulfill his or her responsibilities to us.

The Board requires that each director be a recognized person of high integrity with a proven record of success in his or her field. Each director must demonstrate innovative thinking, familiarity with and respect for corporate governance requirements and practices, an appreciation of multiple cultures and a commitment to sustainability and to dealing responsibly with social issues. In addition to the qualifications required of all directors, the board conducts interviews of potential director candidates to assess intangible qualities including the individual’s ability to ask difficult questions and, simultaneously, to work collegially. The Board does not have a specific diversity policy, but considers diversity of race, ethnicity, gender, age, cultural background and professional experiences in evaluating candidates for board membership. Diversity is important because a variety of points of view contribute to a more effective decision-making process.

Term of Office

Our Directors serve in such capacity until our next annual meeting of shareholders and until his successor has been duly elected and qualified. The officers serve at the discretion of our Directors. There are no arrangements or other understandings between any of our directors or officers or any other person pursuant to which any officer or director was or is to be selected as an officer or director.

Code of Ethics

~~Our~~We ~~Board~~ do not currently have a code of ~~directors~~ethics ~~has~~that ~~not~~applies ~~adopted~~to our Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer or Controller, or persons performing similar functions. Because we have only limited business operations and one officer and two directors, we believe a code of ethics ~~but~~would ~~plans~~have limited utility. We intend to doadopt sosuch ina ~~the future~~code of ethics as our business operations expand and we have more directors, officers and employees.

~~Options/SAR Grants and Fiscal Year End Option Exercises and Values~~16

WeAudit have not had a stock option plan or other similar incentive compensation plan for officers, directors and employees, and no stock options, restricted stock or SAR grants were granted or were outstanding at any time.Committee

We do not currently have a separately designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, or a committee performing similar functions.

Compensation Committee

We do not currently have a separately designated standing compensation committee because of the size of our Board. Our Board currently acts as our compensation committee.

Board Leadership Structure and Role in Risk Oversight

The Board consists of two directors. Mr. Cheung is an independent director.

The Board oversees specific risks, including, but not limited to:

appointing, retaining and overseeing the work of the independent auditors, including resolving disagreements between the management and the independent auditors relating to financial reporting;

approving all auditing and non-auditing services permitted to be performed by the independent auditors;

reviewing annually the independence and quality control procedures of the independent auditors;

reviewing, approving, and overseeing risks arising from proposed related party transactions;

discussing the annual audited financial statements with the management;

meeting separately with the independent auditors to discuss critical accounting policies, management letters, recommendations on internal controls, the auditor’s engagement letter and independence letter and other material written communications between the independent auditors and the management; and

monitoring the risks associated with management resources, structure, succession planning, development and selection processes, including evaluating the effect the compensation structure may have on risk decisions.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires our executive officers and directors and persons who own more than 10% of a registered class of our equity securities to file with the Securities and Exchange Commission initial statements of beneficial ownership, reports of changes in ownership and annual reports concerning their ownership of the our common stock and other equity securities, on Form 3, 4 and 5 respectively. Executive officers, directors and greater than 10% shareholders are required by the Securities and Exchange Commission regulations to furnish our company with copies of all Section 16(a) reports they file.

Based solely on our review of the copies of such reports received by us, and on written representations by our officers and directors regarding their compliance with the applicable reporting requirements under Section 16(a) of the Exchange Act, we believe that, with respect to the fiscal year ended December 31, 2010, our officers and directors, and all of the persons known to us to own more than 10% of our common stock, filed all required reports on a timely basis except that Wai Tak (David) Cheung was late in filing a Form 3.

Item 11. EXECUTIVE COMPENSATION

~~None~~The offollowing ~~our~~is ~~officers~~a orsummary ~~director received~~of orthe ~~was~~compensation ~~entitled~~we paid to ~~receive~~our ~~remuneration~~CEO inand ~~excess~~CFO ~~of $100,000~~ for the ~~fiscal~~ two years ended December 31, ~~2009,~~2010 ~~2007 or 2006. Our officers~~ and ~~directors do not receive any compensation for their services rendered to us, nor have they received such compensation in the past~~2009. As of the date of this registration statement, we have no funds available to pay the officers and directors. Further, the officers and directors are not accruing any compensation pursuant to any agreement with us. We have no plans to pay any compensation to our officers or directors in the future.

~~None~~Summary ~~of our~~Compensation ~~officers and directors will receive any finder’s fee, either directly or indirectly, as a result of their respective efforts to implement our business plan outlined herein.~~Table

No retirement, pension, profit sharing, stock option or insurance programs or other similar programs have been adopted by us for the benefit of its employees.

Name & Principal Position	Year	Salary ($)			Option Awards ($)			Total ($)


Gary S. Ohlbaum President, Chief Executive Officer, and Chief Financial Officer (1)	2010		45,000	(2)		1,549	(4)		46,549
	2009		-0-			-0-			-0-

Deanie J. Underwood President and Chief Executive Officer(3)	2010		-0-			-0-			-0-
	2009		-0-			-0-			-0-

(1)	Gary S. Ohlbaum was appointed President, Chief Executive Officer, and Chief Financial Officer on June 24, 2010.

(2)

Gary S. Ohlbaum entered into an employment agreement with the Company on October 1, 2010 pursuant to which we agreed (i) to pay Mr. Ohlbaum an annual base salary of $180,000, and (ii) to issue to Mr. Ohlbaum an equity-based award consisting of 10,000,000 stock options exercisable at $0.75 per share, effective October 1, 2010, which vest evenly over three years.

(3)	Deanie J. Underwood resigned as President and Chief Executive Officer on June 24, 2010.

(4)	Amounts represent the aggregate grant date fair value in accordance with FASB ASC Topic 718.

Employment Agreements

On October 1, 2010, we entered into an employment agreement with Gary S. Ohlbaum for Mr. Ohlbaum’s services as President, Chief Executive Officer, and Chief Financial Officer. Pursuant to his employment agreement, Mr. Ohlbaum is entitled to receive, effective October 1, 2010, equity-based awards consisting of 10,000,000 stock options, exercisable at $0.75 per share. Mr. Ohlbaum shall also be paid an annual base salary of $180,000, and such sum may be amended by our Board of Directors. The term of the employment agreement commenced on October 1, 2010 and ends on September 30, 2011, but can be renewed for successive one year periods unless terminated as provided in the employment agreement.

Outstanding Equity Awards at Fiscal Year-End

The following options were outstanding for our executive officers as of the end of the fiscal year 2010:

Outstanding Equity Awards At Fiscal Year-End

Name (a)	Number of Securities Underlying Unexercised options (#) (unexercisable) (c)		Option Exercise Price ($)(e)		Option Expiration Date (f)
Gary S. Ohlbaum		10,000,000		0.75	October 1, 2020

Compensation of Directors

The following table sets forth summary information concerning the total compensation paid to our non-employee director in 2010 for services to our company.

Name		Option Awards ($)(1)
David Cheung(2)		$	790

(1)	Amount represents the aggregate grant date fair value for fiscal year 2010 of stock options granted in 2010 under ASC Topic 718.

(2)	As of December 31, 2010, 5,000,000 stock options were outstanding, none of which were exercisable.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following table sets forth ~~the~~certain ~~number~~information ~~of shares~~with ofrespect ~~our~~to ~~$.0.001~~the ~~par~~beneficial ~~value~~ownership ~~common~~of ~~stock~~our ~~beneficially~~voting ~~owned~~securities by (i) ~~each~~ any person ~~who,~~or asgroup ~~of March~~owning ~~25, 2009, was known by us to own beneficially~~ more than ~~five percent (~~5%) of ~~its~~any ~~common~~class ~~stock;~~of voting securities, (ii) ~~our~~each ~~individual~~director, ~~Directors and~~ (iii) our ~~Officers~~chief ~~and~~executive ~~Directors~~officer asand apresident ~~group.~~and A(iv) ~~total~~all ofexecutive ~~9,197,802~~officers ~~shares~~and ~~of common~~directors ~~stock~~as ~~were~~a ~~issued~~group ~~and outstanding~~ as of ~~March~~April 112, ~~2010.~~2011

Name and Address	~~Amount and Nature of~~	~~Percent~~Amount and Nature of	Percent of
of Beneficial Owner	~~Beneficial Ownership (1)(2)~~	~~Class~~Beneficial Ownership (1)	Class
Deanie J. Underwood(3)	4,400,702	48%
Gary S. Ohlbaum		0	0%
2519 East Kentucky Ave.
C/O Global Gate Property Corp.
Denver, Colorado 80209
400 Park Avenue, Suite 1440 New York, New York 10022
Bradley C. Underwood(3)	4,400,702	48%
Wai Tak (David) Cheung		0	0%
2519 East Kentucky Ave.
C/O Global Gate Property Corp. 400 Park Avenue, Suite 1440 New York, New York 10022
Denver, Colorado 80209
All Officers and Directors as a Group (2 persons)		0	0%
All Officers and Directors as a Group (one person)	4,400,702	48%
Elemental Investments Ltd 9B, Amtel Building 148, Des Voeux Road Central, Hong Kong		4,400,000	8.8%
Olghochpo Ltd R.G. Hodge Plaza, 3rd Floor, Wickham’s Cay 1, P.O. Box 3483, Road Town, Tortola, British Virgin Islands		4,950,000	9.9%
Tyrells Lessisbest Holdings Pte Ltd 279 River Valley Road, #06-01 FDAWU Tower, Singapore 238320		3,550,000	7.1%
G.P Jiang 5th Floor, Zhu Zong Plaza, Beijing, China		4,950,000	9.9%
Rabeord Ltd R.G. Hodge Plaza, 3rd Floor, Wickham’s Cay 1, P.O. Box 3483, Road Town, Tortola, British Virgin Islands		4,950,000	9.9%

________________

(1) ~~All~~ In determining beneficial ownership of our common stock as of a given date, the number of shares shown includes shares of common stock which may be acquired on exercise of warrants or options or conversion of convertible securities within 60 days of that date. In determining the percent of common stock owned by a person or entity on April 12, 2011, (a) the numerator is the number of shares of the class beneficially owned by such person or entity, including shares which may be acquired within 60 days on exercise of warrants or options and conversion of convertible securities, and (b) the denominator is the sum of (i) the total shares of common stock outstanding on April 12, 2011 (50,033,333), and (ii) the total number of shares that the beneficial owner may acquire upon conversion of the preferred and on exercise of ~~record~~the warrants and options, ~~unless~~subject ~~indicated~~to limitations on conversion and exercise. Unless otherwise stated, each beneficial owner has sole power to vote and dispose of its shares.

~~(2) Beneficial~~ITEM ~~owners listed above have sole voting and investment power with respect to the shares shown~~13. ~~Deanie~~CERTAIN J.RELATIONSHIPS ~~Underwood~~AND isRELATED ~~the step-mother of Bradley C. Underwood. However~~TRANSACTIONS, ~~each~~AND ~~person~~DIRECTOR ~~disclaims ownership of the other’s shares.~~INDEPENDENCE

~~(3) Includes 702~~As ~~shares~~of ~~owned~~June in24, 2010, we owed Mrs. Underwood $444,710 relating to advances made to us over several years and related accrued interest. We repaid Mrs. Underwood $225,947 on June 24, 2010, from the ~~name~~proceeds of the ~~Underwood~~sale ~~Family~~of ~~Partners~~shares discussed above, ~~LLC~~and Mrs. ~~for~~Underwood ~~which Deanie~~forgave $218,763 of the remaining advances and ~~Bradley~~interest ~~Underwood~~due. ~~are~~This ~~beneficiaries~~forgiveness was recorded as a contribution to additional paid in capital.

~~- 21 -~~19

~~ITEM 13.~~Except ~~CERTAIN~~as ~~RELATIONSHIPS~~disclosed ~~AND~~above, ~~RELATED~~at ~~TRANSACTIONS~~no time during the last two fiscal years has any executive officer, director or any member of these individuals’ immediate families, any corporation or organization with whom any of these individuals is an affiliate or any trust or estate in which any of these individuals serves as a trustee or in a similar capacity or has a substantial beneficial interest been indebted to us or was involved in any transaction in which the amount exceeded $120,000 and such person had a direct or indirect material interest.

~~Formerly we~~Procedures ~~occupied~~for ~~office~~Approval ~~space on a rent-free basis from one~~ of ~~our~~Related ~~former~~Party ~~officers, Mr. Bradley Underwood, which is also Mr. Underwood’s home.~~Transactions

InOur ~~2008, our~~Board ~~subsidiary,~~is ~~Stone~~charged ~~Select,~~with ~~LLC,~~reviewing ~~had~~and aapproving ~~1,200~~all ~~square~~potential ~~foot~~related ~~showroom~~party ~~and a 3,000 square foot warehouse~~transactions. All Wesuch ~~rented~~related ~~the~~party ~~showroom~~transactions ~~from~~must anthen ~~unaffiliated~~be ~~third~~reported ~~party for~~under ~~$1,500~~applicable ~~per~~SEC ~~month on a month-to-month lease~~rules. We ~~rented~~have ~~the~~not ~~warehouse~~adopted ~~from~~other ~~an unaffiliated~~procedures ~~third~~for ~~party~~review, or standards for $2approval,~~700~~ ~~per~~of ~~month~~such ontransactions, abut ~~two~~instead ~~year~~review ~~lease~~them ~~which~~on ~~expired April,~~a ~~2009~~case-by-case basis.

~~Currently, we~~Director rent office space at $1,500 per month under a verbal lease, and yard and warehouse space at approximately $2,100 per month plus costs under a non-cancellable lease with an unaffiliated third party and no stated renewal option expiring in March 2012.Independence

~~Each~~Our ~~at December 31~~director, ~~2009 and December 31, 2008, we had one payable due to Ms~~Mr. ~~Underwood for $358~~Cheung,~~686~~ ~~and~~qualified ~~$341,747,~~as ~~respectively, for working capital advances made to us. This payable is due on demand, is~~ an ~~oral~~independent ~~agreement~~director ~~and unsecured. In 2007 we agreed to accrue interest on the advances at 6% per annum. Interest expense~~ under ~~this agreement at December 31, 2008 and 2009 was $40,481 and $61,176, respectively. We have no ability at~~ the ~~current~~NYSE ~~time~~Corporate toGovernance ~~repay related party advances~~Rules. ~~In the event that we need additional capital, Ms. Underwood has agreed to loan such funds as may be necessary through December 31, 2010 for working capital purposes.~~

We also recorded compensation expense of $500 per month in 2008 for administrative and management services donated to us by officers, and $250 per month for office space donated by an officer. Total donated services expense for 2008 was $9,000.

Unaffiliated third parties, Craig and Susie Bush, collectively own 49% of Stone Select, LLC. We have ownership and voting control of 51% of Stone Select, LLC.

ITEM 14: PRINCIPAL ACCOUNTANT FEES AND SERVICES

~~Our independent~~Audit auditor, Ronald R. Chadwick, P.C., Certified Public Accountants, billed an aggregate of $11,000 for the year ended December 31, 2009 and for professional services rendered for the audit of the Company's annual financial statements and review of the financial statements included in its quarterly reports. The firm billed an aggregate of $10,150 for the year ended December 31, 2008 and for professional services rendered for the audit of the Company's annual financial statements and review of the financial statements included in its quarterly reports.Fees

WeDuring dofiscal ~~not have~~years an2010 ~~audit~~and ~~committee~~2009, ~~and~~the asaggregate afees ~~result~~which ~~our~~we ~~entire~~paid ~~board~~to ofor ~~directors~~were ~~performs the~~billed ~~duties~~by ofDavis, anGraber, ~~audit~~Plotzker ~~committee.~~& ~~Our~~Ward, ~~board~~LLP of(“DGPW”), ~~directors~~our ~~evaluates~~independent ~~the~~registered ~~scope~~public ~~and cost~~accounting firm as of ~~the~~September ~~engagement~~7, of2010, anand ~~auditor~~Ronald ~~before~~R. ~~the~~Chadwick, ~~auditor~~P.C., ~~renders~~Certified ~~audit~~Public ~~and non-audit~~Accountant (“Chadwick”), our former independent registered public firms, for professional services. were as follows:

- 22 -

Fee Category	Fiscal 2010 Fees		Fiscal 2009 Fees
Audit Fees (1)	$	11,500	$	11,000
Audit-Related Fees	$	-	$	-
Tax Fees	$	-	$	-
Other Fees (2)	$	16,840	$	-
Total Fees	$	28,340	$	11,000

~~ITEM 15~~(1) Audit Fees consist of aggregate fees billed for professional services rendered for the audit of our annual financial statements. ~~EXHIBITS~~The ~~FINANCIAL~~audit ~~STATEMENT~~fees ~~SCHEDULES~~for the years ended December 31, 2010 and December 31, 2009, included fees incurred by our independent registered public accounting firms, for professional services rendered for the audit of our annual financial statements for the years ended December 31, 2010 and December 31, 2009, and for the reviews of the financial statements included in our Quarterly Reports on Form 10-Q during those fiscal years.

(2)	Other Fees include fees from our former or current independent registered public accounting firms for services rendered to us, other than the services covered in "Audit Fees."

DGPW was appointed as our new independent registered public accounting firm on September 7, 2010 for our fiscal year ended December 31, 2010. Prior to that, Chadwick served as our independent registered public accounting firms for the fiscal year ended December 31, 2009.

Pre-Approval Policies and Procedures

We do not have an audit committee and as a result our Board evaluates the scope and cost of the engagement of an auditor before the auditor renders audit and non-audit services.

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

The following financial information is filed as part of this report:

(a) (1) FINANCIAL STATEMENTS

(2) SCHEDULES

(3) EXHIBITS. ~~The following exhibits required by Item 601 to be filed herewith are incorporated by reference to previously filed documents:~~

Exhibit Number	~~Description~~	Description
3.1.	Articles of Incorporation of By Design, Inc.*
3.1.1		Articles of Incorporation of By Design, Inc. (incorporated by reference to the Registration Statement on Form SB-2 filed with the SEC on August 29, 2007)
3.2	Bylaws of By Design, Inc.*
3.1.2		Certificate of Amendment to Articles of Incorporation as filed with the Nevada Secretary of State on August 20, 2010 (incorporated by reference to the Current Report on Form 8-K filed with the SEC on August 26, 2010)
4.1	Stock Specimen *
3.2		Bylaws of By Design, Inc. (incorporated by reference to the Registration Statement on Form SB-2 filed with the SEC on August 29, 2007)
21.2	List of Subsidiaries*
4.1		Stock Specimen (incorporated by reference to Amendment No. 1 to the Registration Statement on Form SB-2 filed with the SEC on October 11, 2007)
31.1	Certification of CEO/CFO pursuant to Sec. 302
10.1		Form of Stock Purchase Agreement, dated June 2010 (incorporated by reference to the Current Report on Form 8-K filed with the SEC on June 25, 2010)
32.1	Certification of CEO/CFO pursuant to Sec. 906
10.2		Agreement, dated January 31, 2011, by and between the Company and Lending U.S. Real Estate Group (incorporated by reference to the Current Report on Form 8-K filed with the SEC on January 31, 2011)
10.5		Employment Agreement, dated October 1, 2010, by and between the Company and Gary S. Ohlbaum*
10.6 10.7		Stock Purchase Agreement, dated October 22, 2010, by and between the Company and Macoy Capital Partners, Inc. Amendment to Stock Purchase Agreement dated as of November 1, 2010 by and between the Company and Macoy Capital Partners, Inc.
21.2		List of Subsidiaries
31.1		Certification of Chief Executive Officer and Chief Financial Officer required under Rule 13a-14(a)/15d-14(a) under the Exchange Act.
32.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

* ~~Previously~~Indicates ~~filed~~a management contract or compensatory plan or arrangement.

~~(b) Reports on Form 8-K. We filed no reports under cover of Form 8-K for the fourth fiscal quarter of 2009.~~21

- 23 -

SIGNATURES

In accordance with Section 12 of the Securities Exchange Act of 1934, the Registrant has duly caused this ~~report~~Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized on April ~~March 8~~15, ~~2010~~2011.

BYGLOBAL ~~DESIGN,~~GATE ~~INC~~PROPERTY CORP. By: /s/ ~~Deanie~~Gary JS. ~~Underwood~~Ohlbaum ~~Deanie~~Gary JS. ~~Underwood~~Ohlbaum President, Chief Executive Officer and ~~President~~Chief Financial Officer (principal executive officer and principal financial and accounting officer)

~~- 24~~Pursuant -to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Name	Title	Date

/s/ Wai Tak (David) Cheung	Director	April 15, 2011
Wai Tak (David) Cheung

/s/ Gary S. Ohlbaum	President, Chief Executive Officer, Chief Financial Officer and Director	April 15, 2011
Gary S. Ohlbaum

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