UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-K


(Mark One)

  x

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

  o

o 

Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934


For the transition period from _______________ to _______________


Commission File Number:   000-53084

WESTGATEACQUISITIONSCORPORATION


Westgate Acquisitions Corporation
(Exact name of registrant as specified in its charter)

 Nevada

Nevada

87-0639379

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

(State or other jurisdiction of

(I.R.S. Employer

incorporation or organization)

Identification No.)

175 South Main Street,2681 East Parleys Way, Suite 740,204, Salt Lake City, Utah 8411184109


(Address of principal executive offices)   (Zip Code)

Registrant's telephone number, including area code:

(801) 322-3401


Registrant's telephone number, including area code:   (801) 322-3401

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 par value


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

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o  Yes [  ] No [ X ]x

Indicate by check mark whether the registrant:  (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during 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  Yes [ X ] No [  ]o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this

Form 10-K. o

Form 10-K.                                                                                                                      o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer

o

Accelerated filer

o

Non-accelerated filer

o

Smaller reporting company

x

(Do (Do not check if a smaller reporting company)


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

The aggregate market value of the voting stock held by non-affiliates of the registrant based on the closing sales price, or the average bid and asked price on such stock, as of June 30, 2009,December 31, 2010, the last business day of the registrant’s most recently completed second quarter,fiscal year, was $-0-.  Shares of the registrant’s common stock held by each executive officer and director and by each entity or person that, to the registrant’s knowledge, owned 10% or more of registrant’s outstanding common stock as of June 30, 2009December 31, 2010 have been excluded in that such persons may be deemed to be affiliates of the registrant.  This determination of affiliate status is not necessarily a conclusive determination for other purposes.

The number of shares of the registrant’s common stock outstanding as of May 7, 2010 was 1,500,000.


The number of shares of the registrant’s common stock outstanding as of March 14, 2011 was 1,500,000.

DOCUMENTS INCORPORATED BY REFERENCE
A description of "Documents Incorporated by Reference" is contained in Part IV, Item 15.


A description of "Documents Incorporated by Reference" is contained in Part IV, Item 15.



WESTGATE ACQUISITIONS CORPORATION


TABLE OF CONTENTS



Heading

Page

PART I

PART  I      
Item 1.

Business

3

Item 1A.

Risk Factors

6

Item 1B.

Unresolved Staff Comments

6

Item 2.

Properties

6

Item 3.

Legal Proceedings

7

6

Item 4.

4   

Submission of Matter to a Vote of Security Holders

(Removed and Reserved)

7

6

PART II

PART II
Item 5.

Market for Registrant’sRegistrant's Common Equity, Related Stockholder Matters and Issuer

Purchases of Equity Securities

7

6 

Item 6.

Selected Financial Data

9

8

Item 7.

Management's Discussion and Analysis of Financial Condition

and Results of Operations

9

8

Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

11

Item 8.

Financial Statements and Supplementary Data

11

Item 9.

Changes in and Disagreements with Accountants on Accounting

and Financial Disclosure

11

Item 9A(T)(A(T).

Controls and Procedures

12

Item 9B

9B. 

Other Information

13

PART III

PART III
Item 10.

Directors, Executive Officers and Corporate Governance

13

Item 11.

Executive Compensation

15

14

Item 12.

Security Ownership of Certain Beneficial Ownersowners and Management 

and Related

Stockholder matters 		14

Stockholder Matters

15

Item 13.

Certain RelationshipsRelationshuips and Related Transactions and Director Independence

15

Item 14.

Principal Accounting Fees and Services

15

 PART IV
Item 15.Principal Accounting Fees and Statement Schedules 16

Signatures 29

PART IV

Item 15.

Exhibits, Financial Statement Schedules.

17

Signatures

29

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PART I


Item 1.

Item 1.                 Business.


Business Development

History


History

Westgate Acquisitions Corporation, a Nevada corporation organized on September 8, 1999, is a development stage company organized on September 8, 1999 under the laws of the State of Nevada.  We are currently engaged in investigating prospective business opportunities with the intent to acquire or merge with one or more businesses. On November 30, 1999, the Company filed with the SEC a registration statement on Form SB-2 under the Securities Act of 1933 to register the Company’s outstanding shares.  The registration statement was subsequently abandoned.


Management has broad discretion in its search for and negotiations with any potential business or business opportunity.  In certain instances, a target company may desire to become our subsidiary or contribute assets rather than merge.  No assurance can be given that we will be successful in locating or negotiating with any target company.


In the event of a successful acquisition or merger, the acquired entity will become subject to the same reporting requirements with the SEC as we are.  Any acquired business must provide audited financial statements for at least the two most recent fiscal years or, in the event it has been in business for less than two years, from the period of inception.  This could limit potential prospects because many private businesses either do not have audited financial statements, or are unable to produce audited statements without undo time and expense.


Our principal executive offices are located at 175 South Main Street,2681 East Parleys Way, Suite #740,204, Salt Lake City, Utah 8411184109 and our telephone number is (801) 322-3401.


Current Business Activities


We have a limited operating history and make no representation, nor is any intended, that we will be able to successfully carry on future business activities.  There can be no assurance that we will have the ability to acquire or merge with a business opportunity that will be of material value.


Management plans to investigate, research and, if justified, potentially acquire or merge with, one or more businesses or business opportunities.  We presently have no commitment or arrangement, written or oral, to participate in any business opportunity and we cannot predict the nature of any potential business we may ultimately consider.  Management has broad discretion in its search for and negotiations with any prospective business or business opportunity.


Sources of Business Opportunities


Management employsmay employ various resources in its search for potential business opportunities including, but not limited to, officers, directors, stockholders, consultants, special advisors, securities broker-dealers, venture capitalists, members of the financial community and others who may present management with unsolicited proposals.  Because of a lack of capital, we may not be able to retain, on a fee basis, professional firms specializing in business acquisitions and reorganizations.  Rather, we will most likely rely on outside sources, not otherwise associated with us that will accept their compensation only after we finalize a successful acquisition or merger.  To date, we have not engaged or entered into any discussion, agreement or understanding with a particular consultant regarding our search for business opportunities.  Presently, no final decision has been made nor is management in a position to identify any future prospective consultants.


In the event we engage an independent consultant, we would prefer that the consultant has experience in working with small companies searching for business opportunities.  Also, the consultant must be experienced in locating viable merger and/or acquisition candidates and have a proven track record of finalizing such

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transactions.  Further, we would prefer to engage a consultant that will provide services for only nominal up-front consideration and is willing to be fully compensated at the close of a business consolidation.




- 3 -

We do not limit our search to any specific kind of business or industry.  We may investigate and ultimately acquire a venture that is in its preliminary or development stage, is already in operation, or in various stages of its corporate existence and development.  Management cannot predict at this time the status or nature of any venture in which we may participate.  A potential venture might need additional capital or merely desire to have its shares publicly traded.  The most likely scenario for a possible business arrangement would involve the acquisition of or merger with an operating business that does not need additional capital, but which merely desires to establish a public trading market for its shares.  Management believes that we could provide a potential public vehicle for a private entity interested in becoming publicly held without the time and expense typically associated with an initial public offering.


Evaluation

Evaluation

Once we identify a potential acquisition or merger candidate, management will determine whether acquisition or merger is warranted, or whether further investigation is necessary.  Such determination will generally be based on management's knowledge and experience, or with the assistance of outside advisors and consultants evaluating the preliminary information available to them.  Management may elect to engage outside independent consultants to perform preliminary analysis of potential business opportunities.  However, because of our lack of capital, we may not have the necessary funds for a complete and exhaustive investigation of any particular opportunity.


In evaluating potential business opportunities, management considers, to the extent relevant to the specific situation, several factors including:

●

potential benefits to the company and stockholders;

●

working capital;


●

financial requirements and availability of additional financing;

●      potential benefits to the company and stockholders;

●

history of operation, if any;

●      working capital;

●

nature of present and expected competition;

●      financial requirements and availability of additional financing;

●

quality and experience of management;

●      history of operation, if any;

●

need for further research, development or exploration;

●      nature of present and expected competition;

●

potential for growth and expansion;

●      quality and experience of management;

●

potential for profits; and

●      need for further research, development or exploration;

●

other factors deemed relevant to the specific opportunity.

●      potential for growth and expansion;

●      potential for profits; and
●      other factors deemed relevant to the specific opportunity.

Because we have not yet located or identified a specific business opportunity, there are certain unidentified risks that cannot be adequately expressed.  There can be no assurance following consummation of an acquisition or merger that the business venture will develop into a going concern or, if the business is already operating, that it will continue to operate successfully.  Many potential business opportunities available to us may involve a new and untested technology, product, process or market strategy, which may not ultimately prove successful.


Form of Potential Acquisition or Merger


We cannot predict the manner in which we might participate in a particular prospective business opportunity.  Each separate potential opportunity will be reviewed and, upon the basis of that review, a suitable legal structure or method of participation will be chosen.  The particular manner in which we participate in a specific opportunity will depend upon the nature of its business, the respective needs and desires of the parties’ management, and the relative negotiating strength of the parties involved.  Actual participation in a business venture may take the form of an asset purchase, lease, joint venture, license, partnership, stock purchase, reorganization, merger or other form of consolidation.  We may act directly or indirectly through an interest in a partnership, corporation, or other form of organization, however, we presently do not intend to participate in an opportunity through the purchase of a minority stock position.

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Because we have a limited operating history, in the event we successfully acquire or merge with an operating business, current stockholders most likely will experience substantial dilution.  It is also probable that we will experience a change in control.  The owners of a business that we acquire or merge with will most likely gain effectively control of our company following such transaction.  Management has not established any guidelines as to the amount of control it will offer to prospective target.  Instead, management will attempt to negotiate the best possible agreement for the benefit of the stockholders.




- 4 -

Presently, we do not intend to borrow funds to compensate any person, consultant, promoter or affiliate in relation to the consummation of a potential merger or acquisition.  However, if we engage an outside advisor or consultant in our search for business opportunities, we may have to raise additional funds.  As of the date hereof, we have not made any arrangements or definitive agreements to use outside advisors or consultants or to raise any capital.  In the event we do need to raise capital, most likely the only method available would be the private sale of securities.  These possible private sales would most likely have to be to persons known by the officers, current stockholders, directors or to venture capitalists that would be willing to accept the risks associated with investing in a business with limited operations.


Because we are a development stage company, it is unlikely that we could make a public sale of securities or be able to borrow any significant sum from either a commercial or private lender.  Management will attempt to acquire funds on the best available terms.  However, there can be no assurance that we will be able to obtain additional funding when and if needed, or that such funding, if available, can be obtained on reasonable and/or acceptable terms.  Although not presently anticipated, there is a remote possibility that we could sell securities to our management or affiliates to raise funds.


It is possible that the terms of a future acquisition or merger transaction might include the sale of shares held by our officers and/or directors to parties affiliated with or designated by the potential target.  Presently, we have no plans to seek or actively negotiate such terms.  However, if this situation does arise, we are obligated to follow our articles of incorporation and applicable corporate laws in negotiating such an arrangement.  Under this scenario of a possible sale by officers and directors, it is unlikely that similar terms and conditions would be offered to all other stockholders or that stockholders would be given the opportunity to approve such a transaction.


In the event of a successful acquisition or merger, we might pay a finder's fee, in the form of cash or securities, to a person or persons instrumental in facilitating the transaction.  We have not established a policy for the determination of an appropriate finder's fee, although any fee would likely be based upon negotiations by management, the business opportunity and finder.   We cannot at this time estimate the type or amount of a potential finder's fee that might be paid.  It is unlikely that a fee will be paid to an affiliate because of the potential conflict of interest.  However, if such a fee were paid to an affiliate, it would have to be in such a manner so as not to compromise the affiliate’s fiduciary duty or violate the doctrine of corporate opportunity.


We believe that it is highly unlikely that we will acquire or merge with a business in which our management, affiliates or promoters have an ownership interest.  Any possible related party transaction of this type would have to be ratified by a disinterested board and by the stockholders.  Management does not anticipate an acquisition or merger with a related entity.  Further, as of the date hereof, no officer, director, affiliate or associate has had any preliminary contact or discussions with any specific business opportunity, nor are there any present plans, proposals, arrangements or understandings regarding the possibility of an acquisition or merger with any specific business opportunity.


Rights of Stockholders


Prior to consummating an acquisition or merger, if required by relevant state laws and regulations, we will seek stockholders approval in the appropriate manner.  Certain types of transactions may be entered into solely by board of directors approval without stockholder ratification.    Under Nevada law, certain actions that would routinely be taken at a meeting of stockholders, may be taken by written consent of stockholders having not less than the minimum number of votes that would be necessary to authorize or take the action at a meeting of stockholders.  Thus, if stockholders holding a majority of the outstanding shares decide by written consent to consummate an transaction, minority stockholders would not be given the opportunity to vote on the issue.  If

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stockholder approval is required, the board will have discretion to consummate the transaction by written consent.  Regardless of whether an acquisition or merger is ratified by board action alone, by written consent or by holding a stockholders' meeting, we will provide stockholders complete disclosure documentation concerning the potential target including requisite financial statements.  This information will be disseminated by proxy statement in the event a stockholders' meeting is held, or by an information statement if the action is taken by written consent.


Under Nevada corporate laws, our stockholders may be entitled to assert dissenters’ rights in the event of a successful merger of acquisition.  Stockholders may be entitled to dissent from and obtain payment of the fair value of their shares in the event we complete a merger if approval by the stockholders is required under Nevada law.  Also, stockholders may be entitled to dissenters’ rights if we enter into a share exchange whereby our shares are to be acquired.  A stockholder entitled to assert dissenter’s rights and obtain fair value for their shares, may not challenge the corporate action creating this entitlement, unless the action is unlawful or fraudulent with respect to the stockholder or company. A dissenting stockholder must refrain from voting their shares in approval of the corporate action.  If the proposed action is approved by the required vote of stockholders, we must then give notice to all stockholders who delivered their written notice of dissent.



- 5 -

Competition

Competition

Because we have not identified a prospective acquisition or merger candidate, we cannot evaluate the type and extent of future competition.  There are several other public companies that are also searching for operating businesses as potential acquisition or merger candidates.  We will be in direct competition with these other public companies in our search and, due to a lack of funds, it may be difficult to successfully compete with these companies.


Employees

Employees

As of the date hereof, we do not have any employees and have no plans for retaining employees until such time as business warrants the expense, or until we successfully acquire or merge with an operating business.  We may find it necessary to periodically hire part-time clerical help on an as-needed basis.


Facilities

Facilities

We currently use as our principal place of business the business office of our President and director, Geoff Williams, in Salt Lake City, Utah.  Although we have no written agreement and currently pay no rent for the use of the facilities, we contemplate that at such future time as we are able to acquire or merge with an operating business, we will secure commercial office space from which to conduct business. However, until that time, the type of business in which we will be engaged and the type of office and other facilities that will be required is unknown.  We have no current plans to secure such commercial office space.


Industry Segments


No information is presented regarding industry segments.  We are presently a development stage company seeking a potential acquisition of or merger with a yet to be identified business opportunity.  Reference is made to the statements of income included in this Form 10-K for a report of our operating history for the past two fiscal years.


Item 1A.

Item 1A.                 Risk Factors.

This item is not required for a smaller reporting company.


This item is not required for a smaller reporting company.

Item 1B.

Item 1B.                 Unresolved Staff Comments.

This item is not required for a smaller reporting company.


This item is not required for a smaller reporting company.

Item 2.

Description of Property.


We do not presently own any property.

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Item 3.

Legal Proceedings.


There are no material pending legal proceedings to which the company or any subsidiary is a party, or to which any property is subject and, to the best of our knowledge, no such action against us is contemplated or threatened.


Item 4.

Submission of Matters to a Vote of Security Holders.

(Removed and Reserved).

No matters were submitted to a vote of our securities holders during the fourth quarter of the fiscal year ended December 31, 2009.


PART II


Item 5.

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.


There is not currently, nor has there ever been, a public trading market for our common stock.  As of the date hereof, there are approximately 36 stockholders of record of our common stock.  We anticipate that in the future we will request a broker/dealer to make an initial application to the Financial Industry Regulatory Authority to have our shares quoted on the OTC Bulletin Board (“OTCBB”).  The application will consist of current corporate information, financial statements and other documents as required by Rule 15c2-11 of the Securities Exchange Act of 1934.


- 6 -


Inclusion on the OTCBB will permit price quotations for our shares to be published by that service. Although we intend to request that an application to the OTCBB be submitted, we do not anticipate a public trading market in our shares in the immediate future. Any future secondary trading of our shares may be subject to certain state imposed restrictions.  Except for the application to the OTCBB, there are no plans, proposals, arrangements or understandings with any person concerning the development of a trading market in any of our securities. There can be no assurance that our shares will be accepted for trading on the OTCBB or any other recognized trading market. Also, there can be no assurance that a public trading market will develop following acceptance by the OTCBB or at any other time in the future or, that if such a market does develop, that it can be sustained.


The ability of individual stockholders to trade their shares in a particular state may be subject to various rules and regulations of that state. A number of states require that an issuer's securities be registered in their state or appropriately exempted from registration before the securities are permitted to trade in that state. Presently, we have no plans to register our securities in any particular state.


Penny Stock Rule


It is unlikely that our securities will be listed on any national or regional exchange or The Nasdaq Stock Market in the foreseeable future.  Therefore our shares most likely will be subject to the provisions of Section 15(g) and Rule 15g-9 of the Exchange Act, commonly referred to as the "penny stock" rule.  Section 15(g) sets forth certain requirements for broker-dealer transactions in penny stocks and Rule 15g-9(d)(1) incorporates the definition of penny stock as that used in Rule 3a51-1 of the Exchange Act.


The SEC generally defines a penny stock to be any equity security that has a market price less than $5.00 per share, subject to certain exceptions.  Rule 3a51-1 provides that any equity security is considered to be a penny stock unless that security is:


●

registered and traded on a national securities exchange meeting specified criteria set by the SEC;


●

authorized for quotation on The Nasdaq Stock Market;

-7-

●

issued by a registered investment company;


●

excluded from the definition on the basis of price (at least $5.00 per share) or the issuer's net tangible assets; or


●

exempted from the definition by the SEC.


A broker-dealer who sells penny stocks to a person other than an established customer or accredited investor is subject to additional sales practice requirements.  An accredited investor is generally defined as a person with assets in excess of $1,000,000 or annual income exceeding $200,000, or $300,000 together with their spouse.


For transactions covered by these rules, a broker-dealer must make a special suitability determination for the purchase of such securities and must receive the purchaser's written consent to the transaction prior to the purchase.  Additionally, for any transaction involving a penny stock, unless exempt, the rules require the delivery, prior to the first transaction, of a risk disclosure document relating to the penny stock market.  A broker-dealer also must disclose the commissions payable to both the broker-dealer and the registered representative and current quotations for the securities.  Finally, a monthly statement must be sent to the client disclosing recent price information for the penny stocks held in the account and information on the limited market in penny stocks.  Consequently, these rules may restrict the ability of broker-dealers to trade and/or maintain a market in our common stock and may affect the ability of stockholders to sell their shares.


These requirements may be considered cumbersome by broker-dealers and could impact the willingness of a particular broker-dealer to make a market in our shares, or they could affect the value at which our shares trade. Classification of the shares as penny stocks increases the risk of an investment in our shares.



- 7 -

Rule 144


All of our outstanding common shares were issued in private transactions and not registered with the SEC and, when issued, were deemed restricted securities.  Rule 144 is the common means for stockholders to resell restricted securities and for affiliates, to sell their securities, either  restricted on non restricted (control) shares.  Rule 144 has been amended by the SEC, effective February 15, 2008.


Under the amended Rule 144, an affiliate of a company filing reports under the Exchange Act who has held their shares for more than six months, may sell in any three-month period an amount of shares that does not exceed the greater of:


●       the average weekly trading volume in the common stock, as reported through the automated quotation system of a registered securities association, during the four calendar weeks preceding such sale, or

●

the average weekly trading volume in the common stock, as reported through the automated quotation system of a registered securities association, during the four calendar weeks preceding such sale, or

●

1% of the shares then outstanding.


Sales by affiliates under Rule 144 are also subject to certain requirements as to the manner of sale, filing appropriate notice and the availability of current public information about the issuer.


A non-affiliate stockholder of a reporting company who has held their shares for more than six months, may make unlimited resales under Rule 144, providedonly that the issuer has available current public information about itself.  After a one-year holding period, a non-affiliate may make unlimited sales with no other requirements or limitations.


An important exception to the above described availability of the amended Rule 144 is that Rule 144 is not available for either a reporting or non-reporting shell company, unless the company:


●

has ceased to be a shell company;


●

is subject to the Exchange Act reporting obligations;

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●

has filed all required Exchange Act reports during the preceding twelve months; and

●

at least one year has elapsed from the time the company filed with the SEC current Form 10 type information reflecting its status as an entity that is not a shell company.


●      at least one year has elapsed from the time the company filed with the SEC current Form 10 type information reflecting its status as an entity that is not a shell company.

Following a successful acquisition of an operating business, we intend to file with the SEC a report that will include comprehensive information that reflects that we are no longer a shell company.


We cannot predict the effect any future sales under Rule 144 may have on the market price of our common stock, if a market for our shares develops, but such sales may have a substantial depressing effect on such market price.


Dividends Policy


We have never declared cash dividends on our common stock, nor do we anticipate paying any dividends on our common stock in the foreseeable future.


Item 6.

Selected Financial Data.

This item is not required for a smaller reporting company.


This item is not required for a smaller reporting company.

Item 7.

Management’s Discussion and Analysis of Financial Condition and Results of Operations.


The following information should be read in conjunction with the financial statements and notes thereto appearing elsewhere in this Form 10-K.


We are considered a development stage company with no assets and/or capital and limited.limited operations.  Ongoing expenses, including the costs associated with the preparation of reports and filing with the SEC, have been paid for by advances from a stockholder, which are evidenced on our financial statements as payable-related party.  It is anticipated that we will require only minimal capital to maintain our corporate viability.  Additional necessary funds will most likely be provided by officers and directors, although there is no agreement related to future funds and there is no assurance such funds will be available.  However, unless we are able to facilitate an acquisition of or merger with an operating business or able to obtain significant outside financing, there is substantial doubt about our ability to continue as a going concern.


- 8 -

Forward Looking and Cautionary Statements


This report contains forward-looking statements relating to future events or our future financial performance.  In some cases, you can identify forward-looking statements by terminology such as “may,” “will” “should," “expect," "intend," "plan," anticipate," "believe," "estimate," "predict," "potential," "continue," or similar terms, variations of such terms or the negative of such terms.  These statements are only predictions and involve known and unknown risks, uncertainties and other factors.  Although forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment, actual results could differ materially from those anticipated in such statements.  Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.


Results of Operations


We have not reported revenues since inception and incurred a net loss of $25,033 for the year ended December 31, 2010, compared to a loss of $23,377 for the year ended December 31, 2009, compared to a loss of $22,225 for the year ended December 31, 2008.2009.  We have a cumulative net loss of $61,857$86,890 since inception through December 31, 2009.2010.  The decreaseincrease in net loss for 20092010 is attributed primarily to additional professional expenses for accounting and legal fees related to filing our registration statement with the SEC in 2008. The net loss in 2009 is due to expenses related to ongoing professional fees in connection with making requisite periodic filings with the SEC.

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Liquidity and Capital Resources


Expenses incurred during 20092010 and 20082009 have been paid for by a stockholder.  At December 31, 2009,2010, we had current liabilities of $44,157$63,190 compared to $26,780$44,157 at December 31, 2008.2009.  The increase at December 31, 20092010 is attributed to the $13,102$15,550 increase in note payable - related party and $3,690$4,880 increase in accrued interest – related party.  Because we have no cash reserves or revenue source, we expect to continue to rely on the stockholder to pay expenses until such time as we can successfully complete an acquisition of or merger with an existing, operating company.  There is no assurance that we will complete such an acquisition or merger or that the stockholder will continue indefinitely to pay expenses.


In the opinion of management, inflation has not and will not have a material effect on our operations until such time as we successfully complete an acquisition or merger.  At that time, management will evaluate the possible effects of inflation related to our business and operations following a successful acquisition or merger.


Plan of Operation


During the next 12 months, we will activelyintend to seek out and investigate possible business opportunities with the intent to acquire or merge with one or more business ventures.  We will not restrict our search to any specific business, industry, or geographical location and it may participate in a business venture of virtually any kind or nature.


Because we lack funds, it may be necessary for officers, directors or stockholders to advance funds and we will accrue expenses until such time as a successful business consolidation can be accomplished.  Management intends to hold expenses to a minimum and to obtain services on a contingency basis when possible.  Further, directors will defer any compensation until such time as an acquisition or merger can be accomplished and will strive to have the business opportunity provide their remuneration.  However, if we engage outside advisors or consultants in our search for business opportunities, it may be necessary to attempt to raise additional funds.  As of the date hereof, we have not made any arrangements or definitive agreements to use outside advisors or consultants or to raise any capital.


If we need to raise capital, most likely the only method available would be the private sale of securities.  Because we are a development stage company, it is unlikely that we could make a public sale of securities or be able to borrow any significant sum from either a commercial or private lender.  There can be no assurance that we will be able to obtain additional funding when and if needed, or that such funding, if available, can be obtained on acceptable terms.




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We do not intend to use any employees, with the possible exception of part-time clerical assistance on an as-needed basis.  Outside advisors or consultants will be used only if they can be obtained for minimal cost or on a deferred payment basis.  Management is confident that it will be able to operate in this manner and to continue its search for business opportunities during the next twelve months.  Also, we do not anticipate making any significant capital expenditures until we can successfully complete an acquisition or merger.


Net Operating Loss


We have accumulated a net operating loss carryforwards of approximately $48,197$3,145 at of December 31, 2009.2010.  This loss carry forward may be offset against future taxable income through the year 2029.2030.  The use of these losses to reduce future income taxes will depend on the generation of sufficient taxable income prior to the expiration of the net operating loss carryforwards.  In the event of certain changes in control, there will be an annual limitation on the amount of net operating loss carryforwards that can be used.  No tax benefit has been reported in the financial statements for the year ended December 31, 20092010 because it has been fully offset by a valuation reserve.  The use of future tax benefit is undeterminable because we presently have no operations.


Recent Accounting Pronouncements

The following summary is of the most recent accounting pronouncements.  Management has evaluated these pronouncements and their adoption has not had, or is not expected to have a material impact on the company’s financial position or statements.


In May 2009,January 2010, the Financial Accounting Standards Board (“FASB”) SFAS 165 (ASC 855-10) entitled “Subsequent Events”. Companies are nowissued Accounting Standards Update 2010-02, Consolidation (Topic 810): Accounting and Reporting for Decreases in Ownership of a Subsidiary. This amendment to Topic 810 clarifies, but does not change, the scope of current US GAAP. It clarifies the decrease in ownership provisions of Subtopic 810-10 and removes the potential conflict between guidance in that Subtopic and asset derecognition and gain or loss recognition guidance that may exist in other US GAAP. An entity will be required to disclosefollow the date through which subsequent eventsamended guidance beginning in the period that it first adopts FAS 160 (now included in Subtopic 810-10). For those entities that have been evaluated by management. Public entities (as defined) must conductalready adopted FAS 160, the evaluation asamendments are effective at the beginning of the datefirst interim or annual reporting period ending on or after December 15, 2009. The amendments should be applied retrospectively to the first period that an entity adopted FAS 160.

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In January 2010, the FASB issued Accounting Standards Update 2010-01, Equity (Topic 505): Accounting for Distributions to Shareholders with Components of Stock and Cash (A Consensus of the FASB Emerging Issues Task Force). This amendment to Topic 505 clarifies the stock portion of a distribution to shareholders that allows them to elect to receive cash or stock with a limit on the amount of cash that will be distributed is not a stock dividend for purposes of applying Topics 505 and 260. Effective for interim and annual periods ending on or after December 15, 2009, and would be applied on a retrospective basis.

In December 2009, the FASB issued Accounting Standards Update 2009-17, Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities. This Accounting Standards Update amends the FASB Accounting Standards Codification for Statement 167.

In December 2009, the FASB issued Accounting Standards Update 2009-16, Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets. This Accounting Standards Update amends the FASB Accounting Standards Codification for Statement 166.

In October 2009, the FASB issued Accounting Standards Update 2009-15, Accounting for Own-Share Lending Arrangements in Contemplation of Convertible Debt Issuance or Other Financing. This Accounting Standards Update amends the FASB Accounting Standard Codification for EITF 09-1.

In October 2009, the FASB issued Accounting Standards Update 2009-14, Software (Topic 985): Certain Revenue Arrangements That Include Software Elements. This update changed the accounting model for revenue arrangements that include both tangible products and software elements. Effective prospectively for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010. Early adoption is permitted.

In October 2009, the FASB issued Accounting Standards Update 2009-13, Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements. This update addressed the accounting for multiple-deliverable arrangements to enable vendors to account for products or services (deliverables) separately rather than a combined unit and will be separated in more circumstances that under existing US GAAP. This amendment has eliminated that residual method of allocation. Effective prospectively for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010. Early adoption is permitted.

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financial statements are



In September 2009, the FASB issued Accounting Standards Update 2009-12, Fair Value Measurements and provide disclosureDisclosures (Topic 820): Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). This update provides amendments to Topic 820 for the fair value measurement of investments in certain entities that such date was used for this evaluation. SFAS 165 (ASC 855-10) provides that financial statements are considered “issued” when they are widely distributed for general use and reliance in a form and format that complies with GAAP. SFAS 165 (ASC 855-10)calculate net asset value per share (or its equivalent). It is effective for interim and annual periods ending after JuneDecember 15, 2009. Early application is permitted in financial statements for earlier interim and annual periods that have not been issued.

In July 2009, the FASB ratified the consensus reached by EITF (Emerging Issues Task Force) issued EITF No. 09-1, (ASC Topic 470) "Accounting for Own-Share Lending Arrangements in Contemplation of Convertible Debt Issuance" ("EITF 09-1"). The provisions of EITF 09-1, clarifies the accounting treatment and disclosure of share-lending arrangements that are classified as equity in the financial statements of the share lender. EITF 09-1 is effective for fiscal years that beginning on or after December 15, 2009 and must be applied prospectively. The adoptionrequires retrospective application for all arrangements outstanding as of SFAS 165 (ASC 855-10) didthe beginning of fiscal years beginning on or after December 15, 2009. Share-lending arrangements that have been terminated as a result of counterparty default prior to December 15, 2009, but for which the entity has not havereached a significant effect on our financial statementsfinal settlement as of December 31, 2009.

In June15, 2009 are within the FASB issued SFAS 168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles. (“SFAS 168” pr ASC 105-10) SFAS 168 (ASC 105-10) establishes the Codification as the sole source of authoritative accounting principles recognized by the FASB to be applied by all nongovernmental entities in the preparation of financial statements in conformity with GAAP. SFAS 168 (ASC 105-10) was prospectively effectivescope. Effective for financial statements issued for fiscal years endingshare-lending arrangements entered into on or after Septemberthe beginning of the first reporting period that begins on or after June 15, 2009 and interim periods within those fiscal years. The adoption of SFAS 168 (ASC 105-10) on July 1, 2009 did not impact our results of operations or financial condition. The Codification did not change GAAP, however, it did change the way GAAP is organized and presented. As a result, these changes impact how companies reference GAAP in their financial statements and in their significant accounting policies. We implemented the Codification in this Report by providing references to the Codification topics alongside references to the corresponding standards. We do not expect the adoption of FAS 168 to have an impact on results of operations, financial condition or cash flows.

2009.

Item 7A.

Item 7A.                 Quantitative and Qualitative Disclosures About Market Risk.

This item is not required for a smaller reporting company.


This item is not required for a smaller reporting company.

Item 8.

Financial Statements and Supplementary Data.


Financial statements for the fiscal years ended December 31, 20092010 and 20082009 have been examined to the extent indicated in their reports by Sadler, Gibb & Associates, L.L.C, independent certified public accountants and have been prepared in accordance with accounting principles generally accepted in the United States of America and pursuant to regulations promulgated by the SEC.  The aforementioned financial statements are included herein under Item 15.


Item 9.

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.


On August 7, 2009, we dismissed Moore & Associates Chartered as our independent registered public accountants.  None of the reports of Moore & Associates on our financial statements for either of the past two years contained an adverse opinion or disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope or accounting principles.  During the two most recent fiscal years, there were no disagreements with Moore and Associates, whether or not resolved, on any matter of accounting principles or practices,  financial statement disclosure, or auditing scope or procedure, which, if not resolved to Moore and Associates, Chartered's satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report on the registrant's financial statements.


On August 27, 2009, the PCAOB issued PCAOB Release No. 105-2009-006 revoking the registration of Moore & Associates, Chartered and barring Michael J. Moore, CPA, from being an associated person of a registered public accounting firm.  The PCAOB imposed these sanctions on the basis of its findings concerning the alleged violations of Moore & Associates and Michael J. Moore of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, PCAOB rules and auditing standards in auditing the financial statements of three issuer clients from 2006 to 2008, PCAOB rules and quality controls standards, and noncooperation with a Board investigation.  A copy of the PCAOB Release can be accessed at the PCAOB website at http://www[dot]pcaobus[dot]orgwww.pcaobus.org.


On August 7, 2009, we engaged the accounting firm of Seale and Beers, CPAs as our new independent registered public accounting firm. Our board of directors approved the dismissal of Moore & Associates Chartered and the engagement of Seale and Beers, CPAs.  During the two most recent fiscal years and the interim periods preceding the engagement, we did not consult Seale and Beers regarding any of the matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-B.

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On November 9, 2009, we dismissed Seale and Beers, CPAs as our independent certifying accountants pursuant to the unanimous consent of our board of directors.  We initially retained Seale and Beers on August 7, 2009, but the firm did not performed any auditing or accounting services nor has it issued any audit or other reports on our financial statements.  Accordingly, since we retained Seale and Beers, we had no disagreements with the firm, whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Seale and Beers’ satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report on our financial statements.


On October 14, 2009, we engaged Pritchett, Siler & Hardy, P.C. as our new independent certifying accountants.  Our board of directors unanimously approved the engagement of Pritchett, Siler & Hardy.  During the two most recent fiscal years and the interim periods preceding the engagement, we have not consulted Pritchett, Siler & Hardy regarding any of the matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-B.


On April 22, 2010, we dismissed Pritchett, Siler & Hardy, P.C. as our independent certifying accountants pursuant to the unanimous consent of our board of directors.  We initially retained Seale and Beers on October 14, 2009.  Since we retained Seale and Beers, we had no disagreements with the firm, whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Pritchett, Siler & Hardy’s satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report on our financial statements.


On April 22, 2010, we engaged Sadler, Gibb & Associates, L.L.C. as our new independent certifying accountants.  Our board of directors unanimously approved the engagement of Sadler, Gibb & Associates, L.L.C.  We have not consulted Sadler, Gibb & Associates, L.L.C. regarding any of the matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-B.


Item 9A(T).

Controls and Procedures.


Evaluation of Disclosures and Procedures

Evaluation of Disclosures and Procedures

As of the end of the period covered by this annual report, our President, acting as both our chief executive officer, andalso acting as principal accountingfinancial officer, carried out an evaluation of the effectiveness of “disclosure controls and procedures,” as defined in the Securities Exchange Act of 1934, Rules 13a-15(e) and 15-d-15(e).  Based upon that evaluation, it was concluded that as of December 31, 2009,2010, our disclosure controls and procedures are effectivewere ineffective to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is:


(i)  recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms; and


(ii)  accumulated and communicated to management, including our chief executive officer and principal accountingfinancial officer, as appropriate, to allow timely decisions regarding required disclosure.


Management’s Annual Report on Internal Control Over Financial Reporting


Management is responsible for establishing and maintaining adequate internal control over financial reporting for our company.  Our control system is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principals.  Our internal control over financial reporting includes those policies and procedures that :

that:

●

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


●

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

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●

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

All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. 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.


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Because of inherent limitations, internal control over financial reporting may not prevent or detect all misstatements.  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.

Management, including our President acting as both chiefprincipal executive officer and principal accountingfinancial officer, assessed the effectiveness of our internal control over financial reporting as of December 31, 2009.2010.  In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control Over Financial Reporting – Guidance for Smaller Public Companies.Based on our assessment and those criteria, our management concluded that during the period covered by this report, our internal control and procedures over financial reporting was effectiveineffective as of December 31, 2009.2010.

This annual report does not include an attestation report


Changes in Internal Control over Financial Reporting

Management has concluded that controls over both disclosure controls and financial reporting controls are ineffective due to material weaknesses in maintaining sufficient segregation of duties.  Due our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subjectsize and limited resources, we are unable at this time to attestation by our registered public accounting firm pursuant to temporary rulesimplement and maintain proper segregation of the Securities and Exchange Commission that permit us to provide only management’s report in this annual report.

duties.

Changes in Internal Control over Financial Reporting


During the period covered by this report, there was

There have been no significant changechanges in our internal controls over financial reporting or in other factors that could materially affected,affect, or is reasonablywould be likely to materially affect, our internal controls over financial reporting.

reporting subsequent to the date we carried out our evaluation.

Item 9B.

Other Information.


Not applicable.

PART III

Not applicable.

PART III

Item 10.

Directors, Executive Officers and Corporate Governance.


Our executive officers and directors are as follows:

Our executive officers and directors are as follows:

Name

Name

Age

Age

Position

Geoff Williams

37

38

President, CEO and Director

Nancy Ah Chong

39

40

Secretary / Treasurer and Director

___________________________


All directors hold office until the next annual meeting of stockholders and until their successors have been duly elected and qualified.  There are no agreements with respect to the election of directors.  We have not compensated directors for service on the board of directors or any committee thereof, but directors are entitled to be reimbursed for expenses incurred for attendance at meetings of the board and any committee thereof.  However, directors may defer their expenses and/or take payment in shares of our common stock.  As of the date hereof, no director has accrued any expenses or compensation.  Officers are appointed annually by the board of directors and each executive officer serves at the discretion of the board.  We do not have any standing committees.

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No director, officer, affiliate or promoter of our company has, within the past five years, filed any bankruptcy petition, been convicted in or been the subject of any pending criminal proceedings, or is any such person the subject or any order, judgment, or decree involving the violation of any state or federal securities laws.


Directors currently devote only such time to company affairs as needed.  The time devoted could amount to as little as 1% of the time they devote to their own business affairs, or if business conditions ultimately warrant, they could possibly elect to devote their full time to our business.  Presently, there are no other persons whose activities are material to our operations.


Currently, there is no arrangement, agreement or understanding between management and non-management stockholders under which non-management stockholders may directly or indirectly participate in or influence the management of our affairs.  Present management openly accepts and appreciates any input or suggestions from stockholders.  However, the board of directors is elected by the stockholders and the stockholders have the ultimate say in who represents them on the board.  There are no agreements or understandings for any officer or director to resign at the request of another person and none of the current offers or directors of are acting on behalf of, or will act at the direction of any other person.

The business experience of each of the persons listed above during the past five years is as follows:



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The business experience of each of the persons listed above during the past five years is as follows:

Geoff Williams.  Mr. Williams has served as a director and President of our company  since its inception in September 1999. From 1994 to the present, Mr. Williams has been a representative of Williams Investments Company, a Salt Lake City, Utah financial consulting firm involved in facilitating mergers, acquisitions, business consolidations and financings.  Mr. Williams attended the University of Utah and California Institute of the Arts.  Mr. Williams also serves as our principal financial officer and principal accounting officer.


Mr. Williams is currently a director, President and C.E.O. of Westgate Acquisitions Corp. and, until he resigned in the following companies withFebruary 2010, he was a classdirector, President and C.E.O. of its securities registered under the Securities Exchange Act of 1934:

●

Greyhound Commissary, Inc. (President, C.E.O. and director); and

Greyhound Commissary, Inc.

●

Eastgate Acquisitions Corp. (President, C.E.O. and director).


Nancy Ah Chong.  Ms. Ah Chong became a director and Secretary of our company in September 2006.  From August 2004 to the present, she has been an office manager for Williams Investment Company, a Salt Lake City, Utah financial consulting firm involved in facilitating mergers, acquisitions, business consolidations and financings.  Previously, Mrs. Ah Chong was an administrative assistant for Forsgren Associates in Salt Lake City from March 2004 to August 2004.  She has also worked as a customer service representative for Overstock.com from November 2003 to January 2004 and O’Currance from February 2001 to November 2003, and as a marketing and travel coordinator for MGIS from February 2000 to August 2001.  From August 1991 to December 1999, Mrs. Ah Chong was with Barrick Goldstrike Mines, Inc. in Elko, Nevada, first as an exploration draftsperson and then an administrative assistant.  Mrs. Ah Chong attended and graduated from the Omaha Institute of Art and Design in Omaha, Nebraska.


Ms. Ah Chong is currently a director and Secretary / Treasurer of Westgate Acquisitions Corp. and, until she resigned in the following companies withFebruary 2010, she was a classdirector and Secretary / Treasurer of its securities registered under the Securities Exchange Act of 1934:

●

Greyhound Commissary, Inc. (Secretary / Treasurer and director); and

Greyhound Commissary, Inc.

●

Eastgate Acquisitions Corp. (Secretary / Treasurer and director).


Compliance With Section 16(a) of the Exchange Act


Section 16(a) of the Exchange Act requires our directors and executive officers, and persons who own more than 10% of our common stock, to file with the SEC initial reports of ownership and reports of changes in ownership of our common stock and other equity securities.  We believe that these reports were not filed during the fiscal year 2009.

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Code of Ethics


We currently do not have a code of ethics.  During the current fiscal year, we do intend to adopt a code of ethics that applies to our principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions.


Item 11.          Executive Compensation.

Item 11.

Executive Compensation.

We have not had a bonus, profit sharing, or deferred compensation plan for the benefit of employees, officers or directors.  We have not paid any salaries or other compensation to officers, directors or employees for the years ended December 31, 20092010 and 2008.2009.  Further, we have not entered into an employment agreement with any of our officers, directors or any other persons and no such agreements are anticipated in the immediate future.  We expect that directors will defer any compensation until such time as an acquisition or merger can be accomplished and will strive to have the business opportunity provide their remuneration.  As of the date hereof, no person has accrued any compensation.


Item 12.

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


The following table sets forth information, to the best of our knowledge, as of May 7, 2010,March 14, 2011, with respect to each person known by us to own beneficially more than 5% of the outstanding common stock, each director and all directors and officers as a group.

Name and Address




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 Name and Address Amount and Nature Percent
 of Beneficial Owner of Beneficial Ownership of Class(1)
      Directors and Officers  
Geoff Willaims*  600,000 40%
2681 East Parleys Way, Suite 204   
Salt Lake City, Utah 84109  
   
Nancy Ah Chong  0 0.0%
2681 East Parleys Way, Suite 204  
Salt Lake City, Utah 84109  
   
       5% Stockholders  
Edward F. Cowle*  600,000 40% 
c/o 2681 East Parleys Way, Suite 204   
Salt Lake City, Utah  84109   
   
 H. Deworth Williams 284,200 18.9%
2681 East Parleys Way, Suite 204   
Salt Lake City, Utah  84109   
   
All directors and officers   
a group (2 persons)  600,400 40.0%
   
   
 *      Director and/or executive officer

Amount and Nature of

Percent

of Beneficial Owner

Beneficial Ownership

Note:

of Class(1)

Directors and Officers

Geoff Williams *

600,000

40.0 %

19 East 200 South, Suite 1080

Salt Lake City, UT 84111

Nancy Ah Chong

0

0.0 %

19 East 200 South, Suite 1080

Salt Lake City, UT 84111

5% Stockholders

Edward F. Cowle *

600,000

40.0 %

20 West 64th Street

New York, NY 10023

H. Deworth Williams

284,200

18.9 %

19 East 200 South, Suite 1080

Salt Lake City, UT 84111

All directors and officers

600,000

40.0 %

a group (2 persons)

*

Director and/or executive officer

Note:

Unless otherwise indicated, we have been advised that each person above has sole voting power over the shares indicated above.

(1)

Based upon 1,500,000 shares of common stock outstanding on May 7, 2010.


(1)      Based upon 1,500,000 shares of common stock outstanding on March 14, 2011.


Item 13.                 Certain Relationships and Related Transactions, and Director Independence.

Item 13.

Certain Relationships and Related Transactions, and Director Independence.

There have been no material transactions during the past two fiscal years between our company and any officer, director, nominee for election as director, or any stockholder owning greater than five percent (5%) of our outstanding shares, nor any member of the above referenced individuals' immediate families.


Our officers and directors are subject to the doctrine of corporate opportunities, only insofar as it applies to business opportunities in which we have indicated an interest, either through our proposed business plan or by way of an express statement of interest contained in our corporate minutes.  If directors are presented with business opportunities that may conflict with business interests identified by us, such opportunities must be

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promptly disclosed to the board of directors and made available to us.  In the event the board rejects an opportunity so presented and only in that event, any officer or director may avail himself or herself of such an opportunity.  Every effort will be made to resolve any conflicts that may arise in favor of our company.  There can be no assurance, however, that these efforts will be successful.


In the event of a successful acquisition or merger, a finder's fee, in the form of cash or securities, may be paid to persons instrumental in facilitating the transaction.  We have not established any criteria or limits for the determination of a finder's fee, although it is likely that an appropriate fee will be based upon negotiations by management, the appropriate business opportunity and the finder.  Such fees are estimated to be customarily between 1% and 5% of the size of the transaction, based upon a sliding scale of the amount involved.  Management cannot at this time make an estimate as to the type or amount of a potential finder's fee that might be paid, but is expected to be comparable to consideration normally paid in like transactions.  It is unlikely that a finder's fee will be paid to an affiliate because of the potential conflict of interest that might result.  Any such fee would have to be approved by the stockholders or a disinterested board of directors.


None of our directors are deemed to be independent directors.  We do not have a compensation, audit or nominating committee, rather those functions are carried out by the board as a whole.


Item 14.

Principal Accounting Fees and Services.


We do not have an audit committee and as a result our entire board of directors performs the duties of an audit committee.  Our board of directors will approve in advance the scope and cost of the engagement of an auditor before the auditor renders audit and non-audit services. As a result, we do not rely on pre-approval policies and procedures.



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Audit Fees

Audit Fees

The aggregate fees billed by our former independent auditors, Moore & Associates, Chartered, for professional services rendered for the audit of our annual financial statements included in our annual report for the year ended December 31, 2008 and for the review of quarterly financial statements included in our quarterly reports during 2008,2009, were $2,500. Moore & Associates also billed $8,000 for the review of our quarterly financial statements include in our quarterly reports during 2009.$8,000.  Our other former independent auditors Seal and Beers, CPAs and Pritchett, Siler & Hardy, P.C. did not bill us for services in 2009.


Our new auditors, Sadler, Gibb & Associates, billed us $3,500$2,500 for the audit of our annual financial statements included in this annual report for the years ended December 31, 20092010 and 2008.

2009.  They also billed us $3,000 for the review of our quarterly reports during 2010.


Audit Related Fees

Audit Related Fees

For the year ended December 31, 20092010 and 2008,2009, there were no fees billed for assurance and related services by our former auditors, Moore & Associates, Seale and Beers or Pritchett or Siler & Hardy, or our current auditors Sadler, Gibb & Associates relating to the performance of the audit of our financial statements which are not reported under the caption "Audit Fees" above.


Tax Fees

Tax Fees

For the years ended December 31, 20092010 and 2008,2009, no fees were billed by our former auditors, Moore & Associates, Seale and Beers or Pritchett, Siler & Hardy, or our current auditors Sadler, Gibb & Associates for tax compliance, tax advice and tax planning.


We do not use Sadler, Gibb & Associates for financial information system design and implementation. These services, which include designing or implementing a system that aggregates source data underlying the financial statements or generates information that is significant to our financial statements, are provided internally or by other service providers. We do not engage Sadler, Gibb & Associates to provide compliance outsourcing services.

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The board of directors has considered the nature and amount of fees billed by Sadler, Gibb & Associates

and believes that the provision of services for activities unrelated to the audit is compatible with maintaining Sadler, Gibb & Associates’ independence.


PART  1V


Item 15.                 Exhibits, Financial Statement Schedules

Item 15.

(a)

Exhibits Financial Statement Schedules


(a)

Exhibits

Exhibit No.

Exhibit Name

3.1*

Certificate of Incorporation

3.2*

By-Laws

4.1*

Instrument defining rights of stockholders (See Exhibit No. 3.1, Certificate of Incorporation)

31.1

Certification of C.E.O. and Principal Accounting Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1

Certification of C.E.O. and Principal Accounting Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

________________

*

Previously filed as an Exhibit to the Form 10-SB filed February 6, 2008.


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WESTGATE ACQUISITIONS CORP.

CORPORATION


AUDIT REPORT OF INDEPENDENT ACCOUNTANTS

AND

FINANCIAL STATEMENTS


December 31, 20092010 and 2008

2009
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WESTGATE ACQUISITIONS CORP.

TABLE OF CONTENTS

CORPORATION
 (A Development Stage Company)
Table of Contents

Page

Audit Report of Independent Accountants

20

 19

Balance Sheets –- December 31, 20092010 and 2008

2009

21

 20

Statements of Operations for the Years Endedyears ended December, 2010 and 2009
 and from inception on September 8, 1999 through December 31, 2009 and 2008

2010

22

 21

Statement

 Statements of Stockholder’sStockholders' Equity for the Years Ended(Deficit) from inception
 On September 8, 1999 through December 31, 2009 and 2008

2010

23

 22

Statement

 Statements of Cash Flows for the Years Endedyears ended December 31, 20092010 and 2008

2009

24

 and from inception on September 8, 1999 through December 31, 2010

 23
Notes to Financial Statements

25

 24


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SADLER, GIBBIBB& ASSOCIATES, L.L.C.LLC


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors

Westgate Acquisitions Corp.

Corporation

(A development stage company.)

Development Stage Company)


We have audited the accompanying balance sheetsheets of Westgate Acquisitions Corp.,Corporation as of December 31, 20092010 and 2008,2009, and the related statements of income,operations, stockholders’ equity (deficit) and cash flows for the yearyears then ended.ended and for the period from inception on September 8, 1999 through December 31, 2010. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.


We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits 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 audits 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 providesaudits provide a reasonable basis for our opinion.


In our opinion the financial statements referred to above present fairly, in all material respects, the financial position of Westgate Acquisitions Corp.Corporation as of December 31, 20092010 and 2008,2009, and the results of their operations and their cash flows for the years then ended and for the period from inception on September 8, 1999 through December 31, 2010, in conformity with U.S. generally accepted accounting principles.


The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has had a loss from operations since inceptionaccumulated losses of $57,077, an accumulated deficit$86,890 as of $61,857, and working capital deficit of $44,157,December 31, 2010, which raises substantial doubt about its ability to continue as a going concern. Management’s plans concerning these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

SADLER, GIBB AND ASSOCIATES,




/s/ Sadler, Gibb & Associates, LLC


Salt Lake City, UT

May 7, 2010

-20-March 1, 2011
- 19 -




WESTGATE ACQUISITIONS CORPORATION
(A Development Stage Company)
Balance Sheets
       
       
       
       
ASSETS      
       
 December 31,  December 31, 
 2010  2009 
       
       
CURRENT ASSETS      
       
Cash $-  $- 
         
Total Current Assets  -   - 
       �� 
TOTAL ASSETS $-  $- 
         
         
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)        
         
CURRENT LIABILITIES        
         
Accounts payable $1,603  $3,000 
Accrued interest - related party  9,660   4,780 
Note payable - related party  51,927   36,377 
         
Total Current Liabilities  63,190   44,157 
         
STOCKHOLDERS' EQUITY (DEFICIT)        
         
Common stock; 1,500,000 shares authorized,        
  at $0.00001 par value, 1,500,000 shares issued        
  and outstanding  15   15 
Additional paid-in capital  23,685   17,685 
Deficit accumulated during the development stage  (86,890)  (61,857)
         
Total Stockholders' Equity (Deficit)  (63,190)  (44,157)
         
TOTAL LIABILITIES AND STOCKHOLDERS'        
  EQUITY (DEFICIT) $-  $- 
         
         
         
         
The accompanying notes are an integral part of these financial statements.
         


- 20 -

WESTGATE ACQUISITIONS CORPORATION 
(A Development Stage Company) 
Statements of Operations 
          
          
        From 
        Inception on 
        September 8, 
  For the Year Ended  1999 Through 
  December 31,  December 31, 
  2010  2009  2010 
          
REVENUES $-  $-  $- 
             
EXPENSES            
             
General and            
  administrative  20,153   19,687   77,230 
             
Total Expenses  20,153   19,687   77,230 
             
LOSS FROM OPERATIONS  (20,153)  (19,687)  (77,230)
             
OTHER EXPENSES            
             
Interest expense  (4,880)  (3,690)  (9,660)
             
Total Other Expenses  (4,880)  (3,690)  (9,660)
             
LOSS BEFORE INCOME TAXES  (25,033)  (23,377)  (86,890)
PROVISION FOR INCOME TAXES  -   -   - 
             
NET LOSS $(25,033) $(23,377) $(86,890)
             
             
BASIC LOSS PER SHARE $(0.02) $(0.02)    
             
             
WEIGHTED AVERAGE            
  NUMBER OF COMMON SHARES            
  OUTSTANDING  1,500,000   1,500,000     
             
             
             
             
The accompanying notes are an integral part of these financial statements 
             

- 21 -
WESTGATE ACQUISITIONS CORPORATION 
(A Development Stage Company) 
Statements of Stockholders' Equity (Deficit) 
                
                
           Deficit    
           Accumulated  Total 
        Additional  During the  Stockholders' 
  Common Stock  Paid-In  Development  Equity 
  Shares  Amount  Capital  Stage  (Deficit) 
                
Balance at inception on September 8, 1999  -  $-  $-  $-  $- 
                     
Common stock issued for cash on                    
  September 8, 1999 at $0.0003 per share  1,500,000   15   485   -   500 
                     
Net loss from inception on September 8, 1999                 
  through December 31, 1999  -   -   -   -   - 
                     
Balance, December 31, 1999  1,500,000   15   485   -   500 
                     
Net loss for the period from                    
  January 1, 2000 through                    
  December 31, 2004  -   -   -   (3,320)  (3,320)
                     
Balance, December 31, 2004  1,500,000   15   485   (3,320)  (2,820)
                     
Services contributed by shareholders  -   -   500   -   500 
                     
Net loss for the year ended                    
  December 31, 2005  -   -   -   (600)  (600)
                     
Balance, December 31, 2005  1,500,000   15   985   (3,920)  (2,920)
                     
Services contributed by shareholders  -   -   1,700   -   1,700 
                     
Net loss for the year ended                    
  December 31, 2006  -   -   -   (5,853)  (5,853)
                     
Balance, December 31, 2006  1,500,000   15   2,685   (9,773)  (7,073)
                     
Services contributed by shareholders  -   -   3,000   -   3,000 
                     
Net loss for the year ended                    
   December 31, 2007  -   -   -   (6,482)  (6,482)
                     
Balance, December 31, 2007  1,500,000   15   5,685   (16,255)  (10,555)
                     
Services contributed by shareholders  -   -   6,000   -   6,000 
                     
Net loss for the year ended                    
   December 31, 2008  -   -   -   (22,225)  (22,225)
                     
Balance, December 31, 2008  1,500,000   15   11,685   (38,480)  (26,780)
                     
Services contributed by shareholders  -   -   6,000   -   6,000 
                     
Net loss for the year ended                    
  December 31, 2009  -   -   -   (23,377)  (23,377)
                     
Balance, December 31, 2009  1,500,000   15   17,685   (61,857)  (44,157)
                     
Services contributed by shareholders  -   -   6,000   -   6,000 
                     
Net loss for the year ended                    
  December 31, 2010  -   -   -   (25,033)  (25,033)
                     
Balance, December 31, 2010  1,500,000  $15  $23,685  $(86,890) $(63,190)
                     
                     
                     
The accompanying notes are an integral part of these financial statements. 
                     

- 22 -
WESTGATE ACQUISITIONS CORPORATION
(A Development Stage Company) 
Statements of Cash Flows 
           
           
         From 
         Inception on 
         September 8, 
   For the Year Ended  1999 Through 
   December 31,  December 31, 
   2010  2009  2010 
           
CASH FLOWS FROM         
  OPERATING ACTIVITIES         
           
 Net loss $(25,033) $(23,377) $(86,890)
 Adjustments to reconcile net loss to net cash            
   used in operating activities:            
 Services contributed by shareholders  6,000   6,000   23,200 
 Expenses paid on Company's behalf            
 by a related party  15,550   13,102   51,927 
 Changes in operating assets and liabilities:            
 Change in accrued interest - related party  4,880   3,690   9,660 
 Change in accounts payable  (1,397)  585   1,603 
              
 Net Cash Used in            
   Operating Activities  -   -   (500)
              
              
CASH FLOWS FROM INVESTING ACTIVITIES  -   -   - 
              
              
CASH FLOWS FROM FINANCING ACTIVITIES            
              
 Common stock issued for cash  -   -   500 
              
 Net Cash Provided by            
   Financing Activities  -   -   500 
              
 NET DECREASE IN CASH  -   -   - 
              
 CASH AT BEGINNING OF PERIOD  -   -   - 
              
 CASH AT END OF PERIOD $-  $-  $- 
              
              
SUPPLEMENTAL DISCLOSURES OF            
 CASH FLOW INFORMATION            
              
 CASH PAID FOR:            
              
 Interest $-  $-  $- 
 Income Taxes $-  $-  $- 
              
              
The accompanying notes are an integral part of these financial statements.
             

- 23 -




WESTGATE ACQUISITIONS CORP.

(ACORPORATION

 (A Development Stage Company)

BALANCE SHEET


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

-21-

WESTGATE ACQUISITIONS CORP.

(A Development Stage Company)

STATEMENT OF OPERATIONS


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

-22-

WESTGATE ACQUISITIONS CORP.

(A Development Stage Company)

STATEMENT OF STOCKHOLDERS’ EQUITY


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

-23-

WESTGATE ACQUISITIONS CORP.

(A Development Stage Company)

STATEMENT OF CASH FLOWS


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

-24-

WESTGATE ACQUISITIONS CORP.

(A Development Stage Company)

Notes to Financial Statements

December 31, 20092010 and 2008

2009

NOTE 1 - ORGANIZATION AND


1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a.

Business and Organization


Nature of Business
Westgate Acquisitions Corporation (The Company) was organized on September 8, 1999, under the laws of the State of Nevada. Pursuant to Statement of Financial Accounting Standards No. 7, "Accounting and Reporting by Development Stage Enterprises," theDelaware. The Company is classified as a development stage company.

The Company's financial statements are prepared using the accrual method of accounting. The Companycompany and has elected a December 31 year-end.

b.

Revenue Recognition

The Company currently has no source of revenues. Revenue recognition policies will be determined when principalnot commenced principle operations begin.

c.

Basic Loss Per Share

The computation of basic loss per share of common stock is based on the weighted average number of shares outstanding during the period.

For the Years Ended

December 31,

2009

2008

Loss (numerator)

$

(23,377)

$

(22,225)

Shares (denominator)

1,500,000

1,500,000

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

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

Per share amount

$

(0.02)

$

(0.01)

=========

=========

d.

Provision for Taxes

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or allas of the deferred tax assets will to be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

balance sheet date.
-25-

WESTGATE ACQUISITIONS CORP.

(A Development Stage Company)

Notes to Financial Statements

December 31, 2009 and 2008

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

d.

Provision for Taxes (Continued)

Net deferred tax assets consist of the following components as of December 31, 2009 and 2008:

2009

2008

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

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

Deferred tax assets:

NOL carryover

$

19,756

$

12, 979

Valuation allowance

(19,756)

(12,979)

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

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

Net deferred tax asset

$

--

$

--

=========

==========

The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income tax rates of 39% to pretax income from continuing operations for the years ended December 31, 2009 and 2008 due to the following:

2009

2008

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

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

Book Income

$

(9,117)

$

(8,668)

Contributed services

2,340

2,340

Valuation allowance

6,777

6,328

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

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

$

-

$

-

========

==========

At December 31, 2009, the Company had net operating loss carry forwards of approximately $50,657 that may be offset against future taxable income through 2029. No tax benefit has been reported in the December 31, 2009 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

e. Use of Estimates

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

-26-
Basic (Loss) per Common Share

WESTGATE ACQUISITIONS CORP.

(A Development Stage Company)

NotesBasic (loss) per share is calculated by dividing the Company’s net loss applicable to Financial Statements

common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of December 31, 20092010 and 2008

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2009.

(Continued)


f.

 
For the
Year Ended
December 31,
2010
 
For the
Year Ended
December 31,
2009
Loss (numerator)$         (25,033)                                 $            (23,377)
Shares (denominator)1,500,000 1,500,000
Per share amount$             (0.02) $                (0.02)

Dividends
The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown.

Comprehensive Income
The Company has no component of other comprehensive income. Accordingly, net income equals comprehensive income for the period ended December 31, 2010 and 2009

Advertising Costs

The Company’s policy regarding advertising is to expense advertising when incurred. The Company had not incurred any advertising expense as of December 31, 2010 and 2009.

g. Newly Issued Accounting Pronouncements

In May 2009, the FASB issued SFAS 165 (ASC 855-10) entitled “Subsequent Events”. Companies are now required to disclose the date through which subsequent events have been evaluated by management. Public entities (as defined) must conduct the evaluation as


Cash and Cash Equivalents
For purposes of the dateStatement of Cash Flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.


- 24 -

WESTGATE ACQUISITIONS CORPORATION
 (A Development Stage Company)
Notes to Financial Statements
December 31, 2010 and 2009

1.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Income Taxes
The Company provides for income taxes under ASC 740, Accounting for Income Taxes. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statementsstatement and tax bases of assets and liabilities and the tax rates in effect when these differences are issued,expected to reverse. The Company’s predecessor operated as entity exempt from Federal and provide disclosure that such date was used for this evaluation. SFAS 165 (ASC 855-10) provides that financial statements are considered “issued” when they are widely distributed for general use and reliance inState income taxes.

ASC 740 requires the reduction of deferred tax assets by a form and format that complies with GAAP. SFAS 165 (ASC 855-10) is effective for interim and annual periods ending after June 15, 2009 and must be applied prospectively. The adoption of SFAS 165 (ASC 855-10) during the quarter ended September 30, 2009 did not have a significant effectvaluation allowance if, based on the Company’s financial statements asweight of available evidence, it is more likely than not that datesome or all of the deferred tax assets will not be realized.

The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 39% to net the loss before provision for income taxes for the quarterfollowing reasons:

 December 31, 2010 December 31, 2009
Income tax expense at statutory rate$          (9,763) $             (9,117)
Contributed services    2,340) 2,340)
Valuation allowance6,989) 6,777)
Income tax expense per books$                     -) $                     -)

Net deferred tax assets consist of the following components as of:

 December 31, 2010 December 31, 2009
NOL carryover$            8,247 $              1,516
Valuation allowance (8,247)         (1,516)
Net deferred tax asset$                      -) $                       -)

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of $3,145 for federal income tax reporting purposes are subject to annual limitations. When a change in ownership occurs, net operating loss carry forwards may be limited as to use in future years.

Impairment of Long-Lived Assets
The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or year-to-date period then ended. In connection with preparingchanges in circumstances are present, the accompanying unaudited financial statements asCompany assesses the recoverability of September 30, 2009 and forlong-lived assets by determining whether the quarter and nine month period ended September 30, 2009, management evaluated subsequent eventscarrying value of such assets will be recovered through undiscounted expected future cash flows. If the date that such financial statements were issued (filed withtotal of the SEC).

In June 2009,future cash flows is less than the FASB issued SFAS 168, carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.


Accounting Basis
The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles. (“SFAS 168” pr ASC 105-10) SFAS 168 (ASC 105-10) establishes the Codification as the sole source of authoritativebasis is accounting principles recognized by the FASB to be applied by all nongovernmental entitiesgenerally accepted in the preparationUnited States of financial statements in conformity with GAAP. SFAS 168 (ASC 105-10) was prospectivelyAmerica.  The Company has adopted a December 31 fiscal year end.
- 25 -

WESTGATE ACQUISITIONS CORPORATION
 (A Development Stage Company)
Notes to Financial Statements
December 31, 2010 and 2009


1.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Stock-based compensation.
As of December 31, 2010, the Company has not issued any share-based payments to its employees.

The Company adopted ASC 718 effective January 1, 2006 using the modified prospective method. Under this transition method, stock compensation expense includes compensation expense for financial statements issued for fiscal years endingall stock-based compensation awards granted on or after September 15, 2009 and interim periods within those fiscal years. The adoptionJanuary 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of SFAS 168 (ASC 105-10) on July 1, 2009 did not impact the Company’s results of operations or financial condition. The Codification did not change GAAP, however, it did change the way GAAP is organized and presented. As a result, these changes impact how companies reference GAAP in their financial statements and in their significant accounting policies. ASC 718.

Recent Accounting Pronouncements
The Company implemented the Codification in this Report by providing references to the Codification topics alongside references to the corresponding standards.

With the exception of thehas evaluated recent accounting pronouncements noted above, no other accounting standards or interpretations issued or recently adopted areand their adoption has not had nor is not expected to have a material impact on the Company’s financial position operations or statements.


Revenue Recognition
The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.

Recent Accounting Pronouncements
Below is a listing of the most recent accounting pronouncements issued since through May 27, 2010. The Company has evaluated these pronouncements and their adoption has not had or is not expected to have a material impact on the Company’s financial position, or statements.

In January 2010, the FASB issued Accounting Standards Update 2010-02, Consolidation (Topic 810): Accounting and Reporting for Decreases in Ownership of a Subsidiary. This amendment to Topic 810 clarifies, but does not change, the scope of current US GAAP. It clarifies the decrease in ownership provisions of Subtopic 810-10 and removes the potential conflict between guidance in that Subtopic and asset derecognition and gain or loss recognition guidance that may exist in other US GAAP. An entity will be required to follow the amended guidance beginning in the period that it first adopts FAS 160 (now included in Subtopic 810-10). For those entities that have already adopted FAS 160, the amendments are effective at the beginning of the first interim or annual reporting period ending on or after December 15, 2009. The amendments should be applied retrospectively to the first period that an entity adopted FAS 160.

In January 2010, the FASB issued Accounting Standards Update 2010-01, Equity (Topic 505): Accounting for Distributions to Shareholders with Components of Stock and Cash (A Consensus of the FASB Emerging Issues Task Force). This amendment to Topic 505 clarifies the stock portion of a distribution to shareholders that allows them to elect to receive cash flows.

or stock with a limit on the amount of cash that will be distributed is not a stock dividend for purposes of applying Topics 505 and 260. Effective for interim and annual periods ending on or after December 15, 2009, and would be applied on a retrospective basis.

NOTE 2 -

GOING CONCERN


The Company's

In December 2009, the FASB issued Accounting Standards Update 2009-17, Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities. This Accounting Standards Update amends the FASB Accounting Standards Codification for Statement 167.

In December 2009, the FASB issued Accounting Standards Update 2009-16, Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets. This Accounting Standards Update amends the FASB Accounting Standards Codification for Statement 166.

In October 2009, the FASB issued Accounting Standards Update 2009-15, Accounting for Own-Share Lending Arrangements in Contemplation of Convertible Debt Issuance or Other Financing. This Accounting Standards Update amends the FASB Accounting Standard Codification for EITF 09-1.

- 26 -

WESTGATE ACQUISITIONS CORPORATION
 (A Development Stage Company)
Notes to Financial Statements
December 31, 2010 and 2009

1.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Recent Accounting Pronouncements (Continued)

In October 2009, the FASB issued Accounting Standards Update 2009-14, Software (Topic 985): Certain Revenue Arrangements That Include Software Elements. This update changed the accounting model for revenue arrangements that include both tangible products and software elements. Effective prospectively for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010. Early adoption is permitted.

In October 2009, the FASB issued Accounting Standards Update 2009-13, Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements. This update addressed the accounting for multiple-deliverable arrangements to enable vendors to account for products or services (deliverables) separately rather than a combined unit and will be separated in more circumstances that under existing US GAAP. This amendment has eliminated that residual method of allocation. Effective prospectively for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010. Early adoption is permitted.

In September 2009, the FASB issued Accounting Standards Update 2009-12, Fair Value Measurements and Disclosures (Topic 820): Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). This update provides amendments to Topic 820 for the fair value measurement of investments in certain entities that calculate net asset value per share (or its equivalent). It is effective for interim and annual periods ending after December 15, 2009. Early application is permitted in financial statements for earlier interim and annual periods that have not been issued.

In July 2009, the FASB ratified the consensus reached by EITF (Emerging Issues Task Force) issued EITF No. 09-1, (ASC Topic 470) "Accounting for Own-Share Lending Arrangements in Contemplation of Convertible Debt Issuance" ("EITF 09-1"). The provisions of EITF 09-1, clarifies the accounting treatment and disclosure of share-lending arrangements that are classified as equity in the financial statements of the share lender. An example of a share-lending arrangement is an agreement between the Company (share lender) and an investment bank (share borrower) which allows the investment bank to use the loaned shares to enter into equity derivative contracts with investors. EITF 09-1 is effective for fiscal years that beginning on or after December 15, 2009 and requires retrospective application for all arrangements outstanding as of the beginning of fiscal years beginning on or after December 15, 2009. Share-lending arrangements that have been terminated as a result of counterparty default prior to December 15, 2009, but for which the entity has not reached a final settlement as of December 15, 2009 are within the scope. Effective for share-lending arrangements entered into on or after the beginning of the first reporting period that begins on or after June 15, 2009.


2.           GOING CONCERN

The accompanying financial statements have been prepared usingin conformity with generally accepted accounting principles inprinciple, which contemplate continuation of the United States of America applicable toCompany as a going concern which contemplatesconcern.  However, the realizationCompany has accumulated deficit of assets and liquidation$86,890 as of liabilities in the normal course of business.

-27-

WESTGATE ACQUISITIONS CORP.

(A Development Stage Company)

Notes to Financial Statements

December 31, 2009 and 2008

NOTE 2 - GOING CONCERN (Continued)

2010.  The Company currently has limited liquidity, and has not yet established an ongoingcompleted its efforts to establish a stabilized source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The abilityover an extended period of time.


Management anticipates that the Company to continue as a going concern iswill be dependent, for the near future, on the Company obtaining adequateadditional investment capital to fund operating losses untilexpenses The Company intends to position itself so that it becomes profitable. Ifmay be able to raise additional funds through the Company is unable to obtain adequate capital it could be forced to cease operations.

markets. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plans to obtain such resources for the Company include (1) obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses, and (2) seeking out and completing a merger with an existing operating company. However, management cannot provide anylight of management’s efforts, there are no assurances that the Company will be successful in accomplishingthis or any of its plans.

The ability of the Company toendeavors or become financially viable and continue as a going concern is dependent upon its abilityconcern.

- 27 -

WESTGATE ACQUISITIONS CORPORATION
 (A Development Stage Company)
Notes to successfully accomplish the plans described in the preceding paragraphFinancial Statements
December 31, 2010 and eventually secure other sources2009

3.           NOTE PAYABLE-RELATED PARTY

As of financingDecember 31, 2010 and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if2009, the Company had a note payable to a shareholder of $51,927 and $36,377, respectively. The note payable is unable to continue as a going concern.

NOTE 3 -

RELATED PARTY TRANSACTIONS

The Company’s expenses are paid by its majority shareholder. The Companyunsecured, accrues interest on the amount payable to the shareholder at 10% per annum. The liabilityannum and is due upon demand. As of $36,377 plusDecember 31, 2010 and 2009, the Company owes $9,660 and $4,780 of accrued interest of $4,780 are unsecured and due upon demand.

The Company recordsto the value of the services performed by its officers and directors as a contribution to capital. The amount contributed was $6,000 forrelated party, respectively.



4.            CONTRIBUTED SERVICES

During the years ended December 31, 2010 and 2009, a related-party has contributed various administrative services to the Company. These services include basic management and 2008.

accounting services, and utilization of office space and equipment. These services have been valued at $6,000 for each of the years ended December 31, 2010 and 2009.

NOTE 4-

SUBSEQUENT EVENTS


5.          SUBSEQUENT EVENTS

In accordance with SFAS 165 (ASC 855-10) Company management reviewed all material events through May 3, 2010,the date of this report and there are no material subsequent events to report.









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SIGNATURES

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Westgate Acquisitions Corporation

By:

/S/   GEOFFWILLIAMS

Geoff Williams


By:     /S/   Geoff Williams
Geoff Williams
President and C.E.O.

Principal Financial Officer
Principal Accounting Officer

Principal Financial Officer


Principal Accounting Officer

Dated:   March 14, 2011

Dated:

May 11, 2010


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.

Signature

Title

Date

May 11, 2010

/s/ Signature

 Title Date
 /s/ GEOFFWILLIAMS

President, C.E.O. and director

Director 		March 14, 2011 
Geoff Williams Principal Financial Officer
Pincipal Accounting Officer 
/s/ NANCY AH CHONGSecretary and Director March 14, 2011 
Nancy Ah Chong 

Geoff Williams

Principal Financial Officer

Principal Accounting Officer

May 11, 2010

/s/ NANCYAHCHONG

Secretary and Director

Nancy Ah Chong

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