UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

(Mark One)

[X]	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
	For the Quarterly Period Ended August 31, 2009
	For the Quarterly Period Ended November 30, 2009
[ ]	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 000-28506

Gate To Wire Solutions, Inc.

(Exact Name of Small Business Issuer as Specified in Its Charter)

Nevada	13-3411167
(State or Other Jurisdiction of Incorporation)	(I.R.S. Employer Identification No.)

3565 King Road, Suite 102

King City, Ontario, L7B 1M3, Canada

(Address of Principal Executive Offices)

(905) 833-9845

(Issuer’s Telephone Number, Including Area Code)

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

Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [ ] No [ ]

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

Large accelerated filer	[ ]	Accelerated filer	[ ]
Non-accelerated filer	[ ] (Do not check if a smaller reporting company)	Smaller reporting company	[X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ] No [X]

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

The number of shares of common stock outstanding as ~~of October~~February 1516, ~~2009~~2010: 27,702,578

GATE TO WIRE SOLUTIONS, INC.

INDEX

PART I.	Financial Information
Item 1.	Condensed Consolidated Financial Statements (unaudited)
	Condensed Consolidated Balance Sheet	3
	Condensed Consolidated Balance Sheets	3
	Condensed Consolidated Statements of Operations	4
	Condensed Consolidated Statements of Stockholders’ Deficiency	5
	Condensed Consolidated Statements of Cash Flows	6
	Notes to Condensed Consolidated Financial Statements	7
Item 2.	Management's Discussion and Analysis or Plan of Operation	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14
Item4.	Controls and Procedures	14
PART II.	Other Information
Item 1.	Legal Proceedings	16
Item 2.	Unregistered Sales of Equity Securities	16
Item 3.	Defaults Upon Senior Securities	16
Item4.	Submission of Matters to a Vote of Security Holders	16
Item 5.	Other Information	16
Item 6.	Exhibits	16
Signatures and Certifications		17

PART I. Financial Information

Item 1. Condensed Financial Statements.

GATE TO WIRE SOLUTIONS, INC. AND SUBSIDIARY

Consolidated Balance Sheets

	August 31, 2009 (Unaudited)		February 28, 2009 (Audited)
	November 30, 2009 (Unaudited)		February 28, 2009 (Audited)
Assets
Current assets
Cash and cash equivalents	$	-	$	1,593
Due from related parties (note 3)		~~994~~1,502		-
Total current assets		~~994~~1,502		1,593
Total assets	$	~~994~~1,502	$	1,593
Liabilities and Stockholders' Deficiency
Current liabilities
Accounts payable	$	~~308~~312,~~529~~431	$	292,381
Due to related parties (note 3)		~~691~~802,~~644~~933		478,851
Accrued expenses
Professional fees		1922,~~325~~200		14,000
Other		2030,~~000~~270		20,000
Total current liabilities		1,~~039~~167,~~498~~834		805,232
Total liabilities	$	1,~~039~~167,~~498~~834	$	805,232
Stockholders’ deficiency (note 6)
Preferred stock, 20,000,000 shares authorized $0.001 par value, none outstanding (note 6)		-		-
Common stock, $0.001 par value; 200,000,000 shares authorized, 27,702,578 shares issued and outstanding (February 28, 2009: 27,702,578)		27,703		27,703
Additional paid-in capital		34,200,027		34,200,027
Accumulated deficit		(35,~~266~~394,~~234~~062)		(35,031,369	)
Total stockholders’ deficiency		(1,~~038~~166,~~504~~332)		(803,639	)
Total liabilities and stockholders’ deficiency	$	~~994~~1,502	$	1,593

See accompanying notes to consolidated financial statements

GATE TO WIRE ~~SOULUTIONS~~SOLUTIONS, INC. AND SUBSIDIARY

Consolidated Statements of Operations

(Unaudited)

	Three Months Ended August 31,						Six Months Ended August 31,
	Three Months Ended November 30,						Nine Months Ended November 30,
	2009			2008			2009			2008
Revenues:	$	-		$	-		$	-		$	-
Costs and expenses:
Management fees – related party		79,673			80,770			158,524			159,689
Management fees, related party		80,007			79,407			238,531			239,096
Professional fees		610,~~085~~594			1611,~~803~~070			1223,~~460~~054			2334,~~669~~739
General and administrative		2426,~~553~~536			35119,~~371~~324			76103,~~484~~020			76195,~~576~~900
Foreign exchange loss (gain)		~~968~~10,691			(912,~~025~~276	)		3041,~~397~~088			(619,~~844~~120	)
Total costs and expenses		~~111~~127,~~279~~828			~~123~~197,~~919~~525			~~277~~405,~~865~~693			~~253~~450,~~090~~615
Other income (note 3)		-			-			(43,000	)		-
Other income (Note 3)		-			-			(43,000	)		-
Net loss	$	(~~111~~127,~~279~~828	)	$	(~~123~~197,~~919~~525	)	$	(~~234~~362,~~865~~693	)	$	(~~253~~450,~~090~~615	)
Loss per share of common stock – basic and diluted	$	(0.004	)	$	(0.~~005~~007	)	$	(0.~~008~~013	)	$	(0.~~014~~021	)
Weighted average number of common shares outstanding – basic and diluted		27,702,578			2527,~~102~~702,~~430~~578			27,702,578			1721,~~706~~710,~~909~~978

See accompanying notes to consolidated financial statements

GATE TO WIRE SOLUTIONS, INC. AND SUBSIDIARY

Consolidated Statement of Changes in Stockholders’ Deficiency

~~August~~November 3130, 2009

(Unaudited)

	Common Stock				Additional Paid-in		Accumulated
	Shares		Amount		Capital		(Deficit)		Total
Balance February 28, 2009		27,702,578	$	27,703	$	34,200,027	$	(35,031,369)	$	(803,639)
Net loss for the three months ended May 31, 2009		-		-		-		(123,586)		(123,586)
Balance May 31, 2009		27,702,578	$	27,703	$	34,200,027	$	(35,154,955)	$	(927,225)
Net loss for the three months ended August 31, 2009		-		-		-		(111,279)		(111,279)
Balance August 31, 2009		27,702,578	$	27,703	$	34,200,027	$	(35,266,234)	$	(1,038,504)
Net loss for the three months ended November 30, 2009		-		-		-		(127,828)		(127,828)
Balance November 30, 2009		27,702,578	$	27,703	$	34,200,027	$	(35,394,062)	$	(1,166,332)

See accompanying notes to consolidated financial statements

GATE TO WIRE SOLUTIONS, INC. AND SUBSIDIARY

Consolidated Statements of Cash Flows

(Unaudited)

	Six Months Ended August 31,
	Nine Months Ended November 30,
	2009			2008
Net cash from operations
Net (loss)	$	(~~234~~362,~~865~~693	)	$	(~~253~~450,~~090~~615	)
Changes in operating assets and liabilities:
Adjustments to reconcile net (loss) to net cash used in operating activities:
Accounts payable and accrued expenses		21,473			(55,771	)
Changes in:
Net cash used in operating activities		(213,392	)		(308,861	)
Accounts payable and accrued expenses		38,520			(38,078	)
Financing activities
Net cash used in operating activities		(324,173	)		(488,693	)
Due from/to related parties		211,799			236,692
Cash flows from financing activities:
Net cash provided by financing activities		211,799			236,692
Due from/to related parties		322,580			378,340
Increase (decrease) in cash		(1,593	)		(72,169	)
Net cash provided by financing activities		322,580			378,340
(Decrease) in cash		(1,593	)		(110,353	)
Cash, beginning of period		1,593			110,522
Cash, end of period	$	-		$	~~38,353~~169

Non-cash activities:

During the ~~six~~nine months ended ~~August~~November 3130, 2009 the Company:

1. ~~recorded~~Recorded a non-cash $43,000 gain as a result of the proceeds from a sale of property by a related party which were paid to Gamecorp.

During the ~~six~~nine months ended ~~August~~November 3130, 2008 the Company:

1. ~~issued~~Issued 2,000,000 common shares valued at $102,333 pursuant to a private placement associated with disposal of trade name. 2. ~~issued~~Issued 899,375 common shares valued at $99,875 pursuant to settlement with officers. 3. ~~issued~~Issued 12,200,000 common shares valued at $3,439,836 pursuant to settlement of preferred share obligations. 4. ~~issued~~Issued 150,000 common shares valued at $105,000 pursuant to common stock subscribed. 5. Issued 2,600,000 common shares valued at $244,322 in repayment of amounts owed for a related party liability.

The Company did not make cash interest or tax payments during the ~~six~~nine month periods ended ~~August~~November 3130, 2009 or 2008.

See accompanying notes to consolidated financial statements

GATE TO WIRE SOLUTIONS, INC. AND SUBSIDIARY

(formerly known as TrackPower, Inc.)

Notes to Condensed Consolidated Financial Statements

~~August~~November 3130, 2009

Note 1 - Summary of Significant Accounting Policies

Going Concern Basis Of Presentation

The consolidated financial statements have been prepared on a going concern basis, ~~which~~ which contemplates the realization of assets and the liquidation of liabilities in the ordinary course of business. As shown in the accompanying consolidated financial statements, the Company has a working capital deficit of $1,~~038~~166,~~504~~332 at ~~August 31~~November 30, 2009. As a result, substantial doubt exists about the Company’s ability to continue to fund future operations using its existing resources.

In order to meet its near term obligations and provide the necessary funding for future operations, the Company will have to raise additional financing.

The Company heavily relies upon loans from related parties, specifically Gamecorp Ltd. (“Gamecorp”), to further provide capital contributions to its investments. As at ~~August~~November 3130, 2009, Gamecorp holds a 16.69% ownership interest in the Company. During the three month period ended ~~August~~November 3130, 2009, Gamecorp further ~~advanced~~ advanced the Company $4234,~~097~~767. As at ~~August~~November 3130, 2009 the Company is indebted to Gamecorp for $~~263~~298,~~870~~637.

Gamecorp is an investment and merchant banking enterprise focused on the development of its investments in the gaming and technology sectors. Gamecorp’s technology investments have suffered due to unforeseen events and the global financial crisis. Gamecorp may not be able to provide additional capital over the next year to the Company in order to satisfy existing liabilities and make further capital contributions to its investments. Failure to obtain such capital could adversely impact the Company’s operations and prospects.

Subsequent events were evaluated through ~~October~~February 1516, ~~2009~~2010, the date the financial statements were issued.

Description of Business

Gate To Wire Solutions, Inc., (formerly TrackPower, Inc.) (the “Company”) was originally incorporated under the laws of the State of Wyoming on June 30, 1993. On July 25, 2008 at the Annual Meeting of Shareholders, shareholders approved an Agreement and Plan of Merger providing for the merger of TrackPower, Inc. with Gate to Wire Solutions, Inc., a Nevada corporation which was a newly formed special purpose wholly owned subsidiary of TrackPower. The Agreement and Plan of Merger became effective September 3, 2008. Subsequent to the merger the Company began to conduct business under the name Gate to Wire Solutions, Inc., which more accurately reflects the nature of the business the Company is engaged in. Upon consummation of the merger, each one hundred (100) outstanding shares of the Company’s Common Stock was automatically converted into one (1) fully paid and non-assessable share of outstanding Common Stock. Further information can be reviewed in the Company’s Notice of Annual Shareholder Meeting and Proxy Statement.

All share and per-share amounts in the accompanying consolidated statements and notes to the consolidated financial statements have been adjusted to apply the effect of the reverse stock split retrospectively.

Our present business strategy and direction is to develop and operate a horseracing video distribution venture in international markets.

Basis of Presentation

The accompanying unaudited consolidated financial statements of Gate To Wire Solutions, Inc. have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly they do not include all of the information and footnotes required by generally accepted accounting principles in the United States for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the ~~six~~nine months ended ~~August~~November 3130, 2009 are not necessarily indicative of the results that may be expected for the fiscal year ending February 28, 2010. For further information, refer to the financial statements and footnotes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended February 28, 2009.

Foreign exchange gains for the three and nine month period ended November 30, 2008, have been reclassified from general and administrative expenses for comparative purposes.

Consolidated Financial Statements

The consolidated financial statements included the accounts of the Company and its wholly owned subsidiaries. All inter-company transactions have been eliminated.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 revenues and expenses during the reporting period. Significant estimates include the recoverability of assets and the fair value of common stock and other equity securities issued. Actual results could differ from those estimates.

Note 2 – Recent Accounting Pronouncements

In December 2007, the Financial Accounting Standards Board issued ~~Statement~~FASB ofASC 805 ~~Financial~~(prior ~~Accounting~~authoritative ~~Standard~~literature (“SFAS”) No. 141(R), "Business Combinations”. ~~SFAS~~FASB ~~141(R)~~ASC 805 establishes principles and requirements for how the acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, on any noncontrolling interest in the acquiree, recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase, and determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination. ~~SFAS~~FASB ~~141(R)~~ASC is805 was effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008. As such, the Company iswas required to adopt these provisions at the beginning of the fiscal year ended February 28, 2010. The ~~Company~~Adoption ~~does~~of ~~not~~FASB ~~expect~~ASC it805 todid not have a ~~material~~ material effect on ~~its~~the consolidated financial statements.

In April 2009, the FASB issued ~~FSP~~FASB ASC 320-10-65 (prior authoritative literature, FSP No. FAS 115-2 and FAS 124-2, “Recognition and Presentation of Other-Than-Temporary Impairments.” ~~FSP No~~). FASB ~~FAS~~ASC ~~115~~320-~~2 and FAS 124~~10-265 amends the other-than-temporary impairment guidance for debt securities to make the guidance more operational and to improve the presentation and disclosure of other-than-temporary impairments on debt and equity securities in the financial statements. This guidance does not amend existing recognition and ~~measurement~~ measurement guidance related to other-than-temporary impairments of equity securities. The provisions of ~~FSP~~FASB ~~No.~~ASC ~~FAS 115~~320-~~2 and FAS 124~~10-265 are effective for interim and annual reporting periods ending after June 15, 2009, as such, the Company isadopted ~~required to adopt~~ the standards in the ~~current~~quarter ~~period.~~ended ~~Adoption of~~August ~~FSP~~31, No2009. ~~FAS~~Adoption ~~115-2~~of ~~and~~FASB ~~FAS~~ASC ~~124~~320-2 10-65 did not have a material effect on the consolidated financial statements.

In April 2009, the FASB issued ~~FSP~~FASB ASC 320-12-65 (prior authoritative literature, FSP No. FAS 107-1 and APB No. 28-1, “Interim Disclosures about Fair Value of Financial Instruments”) which amends SFAS No. 107, Disclosures about Fair Value of Financial Instruments, to require disclosures about fair value of financial instruments for interim reporting periods of publicly traded companies, as well as in annual financial statements. This FSP also amends APB Opinion No. 28, Interim Financial Reporting, to require those disclosures in summarized financial information at interim reporting periods. ~~FSP~~FASB ~~FAS 107~~ASC 320-~~1 and APB 28~~12-165 ~~are~~were effective for interim reporting periods ending after June 15, 2009. Adoption of ~~FSP~~FASB ~~No.~~ASC ~~FAS 107~~320-~~1 and APB No. 28~~12-165 did not have a material effect on the financial statement disclosures.

In May 2009, the FASB issued ~~Statement~~FASB ofASC ~~Financial~~855-10 ~~Accounting~~(prior ~~Standards~~authoritative literature, FSB No. FAS 165, “Subsequent Events” ~~(“FAS 165”~~). ~~FAS~~FASB ~~165~~ASC 855-10 established general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued. ~~FAS~~FASB ~~165~~ASC is855-10 was effective for interim or annual financial periods ending after June 15, 2009:, as such, the Company ~~is required~~adopted ~~to adopt~~ the standards in the ~~current~~quarter ~~period~~ended August 31, 2009. ~~FAS~~FASB ~~165~~ASC 855-10 did not have a material effect on the financial position, cash flows, or results of operations.

In June 2009, the FASB issued ~~Statement~~FASB ASC 105-10 (prior authoritative literature, FSB No. FAS 168, “The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles—a replacement of FASB Statement No. 162”), to formally establish the FASB Accounting Standards Codification as the single source of authoritative, nongovernmental U.S. GAAP, in addition to guidance issued by the SEC. On the effective date, the Codification will supersede existing non-SEC accounting and reporting standards. All other nongrandfathered non-SEC accounting literature not included in the Codification becomes nonauthoritative. Therefore, from the effective date of the Codification, there will no longer be levels of authoritative GAAP, rather there will only be authoritative and nonauthoritative GAAP. All content within the Codification carries the same level of authority. The Statement makes the Codification effective for interim and annual periods ending after September 15, 2009. The ~~Company~~adoption ~~does not expect the impact~~ of ~~SFAS~~FASB ~~No.~~ASC ~~168~~105-10 todid not have a material effect on ~~its~~the consolidated financial statements.

Note 3 - Due to/from Related Parties

Periodically, the Company advances funds and pays expenses on behalf of related parties and funds are advanced and expenses are paid by related parties on behalf of the Company. These transactions result in non-interest bearing payables or receivables to related parties.

Amounts due from related parties were:

	August 31, 2009		February 28, 2009
	November 30, 2009		February 28, 2009
Entities with common directors and/or officers	$	~~994~~1,502	$	-

Amounts due to related parties were:

	August 31, 2009		February 28, 2009
	November 30, 2009		February 28, 2009
Entities with common directors and/or officers	$	~~263~~298,~~870~~637	$	199,083
Directors and/or officers of the Company		~~205~~281,~~171~~693		57,165
Shareholder		222,603		222,603
Total	$	~~691~~802,~~644~~933	$	478,851

Amounts due to or from related parties are non-interest bearing, unsecured and do not have any specific repayment terms.

The Company instructed that cash proceeds of $43,000 from the sale of property by a related party be paid to Gamecorp as a reduction of intercompany debt. The Company settled all amounts owed to the related party through the issuance of stock during the year ended February 28, 2009 and therefore the proceeds from sale has been reflected as other income during the ~~six~~nine month period ended ~~August~~ 31November 30, 2009.

Note 4 - Loss per Share

Loss per common share is based on the weighted average number of shares outstanding during each period presented. Warrants to purchase stock are included as common stock equivalents only when dilutive.

Note 5 - Related Party Transactions

During the ~~six~~nine month period ended ~~August~~November 3130, 2009, the Company paid and/or accrued $~~158~~238,~~524~~531 in compensation to officers as management fees for their services and $~~159~~239,~~689~~096 during the comparative period in the prior year.

Note 6 – Stockholders’ Deficiency

Common Stock

The Company has the authority to issue 200,000,000 shares of common stock, par value $.001 per share. The holders of shares of common stock are entitled to receive notice of, attend and vote at all meetings of the stockholders. Each share of common stock carries one vote at such meetings.

On July 25, 2008 at the Annual Meeting of Shareholders, shareholders approved an Agreement and Plan of Merger providing for the merger of the TrackPower, Inc. with Gate to Wire Solutions, Inc., a Nevada corporation which was a newly formed special purpose wholly owned subsidiary of TrackPower. The Agreement and Plan of Merger became effective September 3, 2008. Subsequent to the merger the Company began to conduct business under the name Gate to Wire Solutions, Inc. which more accurately reflects the nature of the business the Company is engaged in. Upon consummation of the merger, each one hundred (100) outstanding shares of the Company’s Common Stock was automatically converted into one (1) fully paid and non-assessable share of outstanding Common Stock. Further information can be reviewed in the Company’s Notice of Annual Shareholder Meeting and Proxy Statement.

As of ~~August~~November 3130, 2009, there were 27,702,578 shares of common stock issued and outstanding.

Preferred Stock

The Company has the authority to issue 20,000,000 of shares of preferred stock, having a $0.001 par value. No preferred shares were issued at ~~August~~ 31November 30, 2009.

Stock options

The Company has no stock option plans.

Warrants

The following is a summary of warrant activity for fiscal 2009.

	Number of Shares to Purchase under Warrants
Balance February 28, 2009		1,288,225
Expired		(1,288,225)
Balance, August 31, 2009		-
Balance, November 30, 2009		-

Note 7 – Subsequent Events

In December 2009, as a result of due diligence on the proposed transaction, the Company and Signature Gaming Management Peru, S.A.C. (“SGM”) mutually agreed to terminate their letter of intent. The parties continue to discuss the involvement of the Company in the project.

Subsequent events were evaluated through February 16, 2010, the date the financial statements were issued.

Item 2. Management’s Discussion and Analysis or Plan of Operation.

Forward Looking Statements

Certain matters discussed in this Quarterly Report may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and as such may involve risks and uncertainties. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market and statements regarding the Company's goals. The Company's actual results, performance, or achievements expressed or implied in such forward-looking statements may differ. We are under no duty to update, and do not undertake to update, any of the forward-looking statements contained in this quarterly report to conform them to actual results or to changes in our expectations.

Plan of Operations

Development Agreement

On April 15, 2009, the Company announced that it has entered into a development agreement with Function Mobile, Inc. ("FMI") for an interactive Short-Message-Service ("SMS") platform targeting horseracing and pari-mutuel wagering markets in Latin America.

FMI will develop a suite of SMS wagering products and horseracing-based games on behalf of, and in conjunction with the Company, who in turn will own outright all intellectual property rights to the products, promotions and services developed.

Once developed, the Company will implement the wagering SMS platform in appropriate Latin American locations, providing interface and interconnectivity to a tote system and wagering hub so that the wagers can be processed in accordance with all appropriate laws and regulations.

In addition, FMI will provide Gate To Wire with technical support and ongoing services as required for operation of the interactive SMS platform. For promotion and distribution, FMI has committed to enter into agreements with local telecommunications companies to provide SMS interconnectivity for the operation, as well as marketing and promotion of the Gate To Wire interactive SMS platform. Revenue collection will occur via telecom billing.

Gate To Wire will pay an as yet to be determined development fee for each game developed through this agreement based on an agreed upon scope of work, in addition to an ongoing service fee of 10% of net revenues generated through the platform for ongoing service and support

Signature Gaming Letter of Intent

On April 23, 2009, the Company announced that it has entered into a Letter of Intent with Signature Gaming Management Peru, S.A.C. ~~("SGM")~~ to develop a gaming interface for both Simulcast and Online Account Wagering for SGM's projects in Peru.

SGM is a private entity formed to pursue gaming opportunities in Peru. It currently has agreements with the Jockey Club of Arequipa ("JCA") to manage and operate its newly constructed Carro Colorado Racetrack in Arequipa, as well as to conduct race and sports wagering at the JCA-owned Social Club, which will also have a slot machine casino operation. The Company will provide SGM with a user-friendly, real-time online wagering experience featuring North American horse racing product, previously unavailable in the region.

In addition, the Company will provide SGM with a Wagering Interface for use at the new Carro Colorado Racetrack, the Social Club Casino and other off-track locations, specifically featuring live racing simulcast from North America.

~~SGM~~In ~~recently~~December ~~also~~2009, ~~entered~~as ~~into~~ a ~~separate~~result ~~letter~~ of ~~intent~~due ~~with~~diligence ~~InterAmerican Gaming,~~on ~~Inc.~~the ~~("IAG")~~proposed transaction, athe Company ~~related~~and ~~party~~SGM tomutually ~~the~~agreed ~~Company~~to byterminate ~~virtue~~their ofletter ~~certain common~~of ~~officers~~intent. The ~~and~~parties ~~directors,~~continue ~~pursuant~~ to ~~which~~discuss ~~IAG~~the ~~plans~~involvement toof ~~participate in~~ the ~~development~~Company ofin the ~~Social Club Casino with SGM~~project.

Results of Operations

For the three month period ended ~~August~~November 3130, 2009 and 2008

Costs and expenses totaled $~~111~~127,~~279~~828 during the three-month period ended ~~August~~November 3130, 2009, $1269,~~640~~697 lower than during the three month period ended ~~August~~November 3130, 2008. The Company’s decreased costs during the ~~second~~third quarter of the current year are primarily a result of a reduction in ~~professional fees and~~ general and administrative costs.

Management fees accrued and/or paid to related parties were $79,673 during the three month period ended August 31, 2009 and $80,770 during the comparative period in the prior year. Management fees include executive management costs including strategic planning, financing and horseracing industry consulting and corporate secretarial services.11

~~Professional~~Management fees accrued and/or paid to related parties were $80,007 during the three month period ~~end~~ended ~~August~~November 3130, 2009 ~~were~~and $679,~~085~~407 ~~in comparison to $16,803~~ during the ~~prior~~comparative period. ~~During~~in the prior ~~three~~year. Management ~~month~~fees ~~period~~include ~~ended~~executive ~~August~~management costs ~~31,~~including ~~2009~~strategic ~~the~~planning, ~~professional~~financing ~~fees~~and ~~consisted~~horseracing ofindustry ~~$5,875~~consulting inand corporate ~~audit~~secretarial ~~fees~~services.

~~General~~Professional ~~and~~fees ~~administrative expenses were $24,553~~ during the three month period ~~ended August~~end 31November 30, 2009 ~~compared~~were to $3510,~~371~~594 ~~during the three month period ended August 31, 2008. General and administrative expenses are higher~~ in ~~the previous year~~ ~~due~~comparison to ~~costs~~$11,070 ~~associated~~during ~~with pursuing~~ the ~~development~~prior ~~and operation of horseracing video distribution ventures in international markets~~period. ~~General~~During ~~and administrative expenses during~~ the three month period ended ~~August~~November 3130, 2009 ~~included:~~ 1)the ~~travel,~~professional ~~meals~~fees ~~and~~consisted ~~entertainment~~ of $65,~~391,~~875 2)in ~~insurance of $2,649,~~audit ~~3) directors~~ fees and of $114,~~872,~~719 ~~and~~in 4)legal ~~other miscellaneous costs of $3,641~~fees.

~~During~~General and administrative expenses were $26,536 during the three ~~months~~month period ended November ~~August 31~~30, 2009 ~~the~~compared ~~Company~~to ~~recorded~~$119,324 aduring ~~$968~~the ~~foreign~~three month period ended ~~exchange~~November ~~loss~~30, 2008. General and aadministrative ~~gain~~expenses ofare ~~$9,025~~higher in the previous ~~comparative~~year ~~prior~~due ~~year period. As~~to acosts ~~substantial~~associated ~~portion~~with ofpursuing the ~~Company’s~~development ~~related party~~and ~~liabilities~~operation ~~are~~of ~~denominate~~horseracing video distribution ventures in ~~Canadian~~international ~~dollars,~~markets. General and administrative expenses during the ~~loss~~three ismonth ~~attributed~~period ~~and~~ended aNovember ~~result~~30, 2009 included: 1) travel, meals and entertainment of ~~the~~$4,229, ~~appreciation~~2) insurance of $7,564, ~~the~~3) ~~Canadian~~directors ~~Dollar~~fees of $10,373, and 4) other miscellaneous costs of $4,370.

~~Our net~~During ~~loss for~~ the three months ended ~~August~~November 3130, 2009 ~~and~~the ~~August~~Company ~~31,~~recorded ~~2008~~a is $~~111~~10,~~279~~691 foreign exchange loss and a gain of $~~123~~12,~~919~~276 in the comparative prior year period. As a substantial portion of the Company’s related party liabilities are denominate in Canadian dollars, ~~respectively~~the loss is attributed and a result of the appreciation of the Canadian Dollar.

~~For~~Our net ~~the~~loss ~~six~~for ~~month~~the ~~period~~three months ended ~~August~~November 3130, 2009 and November 30, 2008 is $127,828 and $197,525, respectively.

~~Costs and~~For ~~expenses totaled $277,865 during~~ the ~~six-~~nine month period ended ~~August~~November 3130, 2009~~, $24,775~~ ~~higher~~and ~~than during the six month period ended August 31,~~ 2008~~. The Company’s increased costs during the current year are primarily a result of a foreign exchange loss as a result of the appreciation of the Canadian Dollar.~~

~~Management fees~~Costs ~~accrued~~ and~~/or~~ expenses ~~paid~~totaled ~~to related parties were~~ $~~158~~405,~~524~~693 during the ~~six~~ nine-month period ended ~~August~~November 3130, 2009 ~~and~~ , $~~159~~44,~~689~~922 lower than during the ~~comparative~~nine month period inended ~~the prior~~November ~~year~~30, 2008. ~~Management~~The ~~fees~~Company’s ~~include~~decreased ~~executive~~costs ~~management~~during ~~costs~~the current year are ~~including~~primarily ~~strategic~~a ~~planning,~~result ~~financing~~of ~~and~~a ~~horseracing~~reduction ~~industry~~in ~~consulting~~general and ~~corporate~~ ~~secretarial services~~administrative costs.

~~Professional~~Management fees ~~during~~accrued ~~the~~and/or ~~six~~paid ~~month~~to ~~period~~related ~~end~~parties ~~August 31, 2009~~ were $12238,~~460~~531 ~~in comparison to $23,669~~ during the ~~prior~~nine ~~period. During the six~~ month period ended ~~August~~November 3130, 2009 ~~the~~and ~~professional fees consisted of~~ $12239,~~250~~096 induring ~~audit~~the ~~fees.~~comparative ~~Professional fees are~~period ~~higher~~ in the prior ~~previous~~ year. Management ~~due~~fees toinclude ~~costs~~executive ~~associated~~management ~~with~~costs ~~pursuing~~including ~~the~~strategic ~~development~~planning, financing and ~~operation of~~ horseracing ~~video~~industry ~~distribution~~consulting and ~~ventures~~corporate insecretarial ~~international markets~~services.

~~General~~Professional ~~and~~fees ~~administrative expenses were $76,484~~ during the ~~six~~nine month period ~~ended August~~end 31November 30, 2009 ~~compared~~were $23,054 in comparison to $7634,~~576~~739 during the ~~six~~prior ~~month~~ period ~~ended August 31, 2008~~. ~~General~~During ~~and administrative expenses during~~ the ~~six~~nine month period ~~ended~~ ~~August~~ended 31November 30, 2009 ~~included:~~the 1)professional ~~corporate~~ fees consisted of $318,~~554,~~125 2)in ~~travel,~~audit ~~meals and~~fees ~~entertainment~~and of $134,~~134,~~929 3)in ~~insurance~~legal ~~of $5,306,~~fees. 4)Professional ~~directors~~ fees are ofhigher in the ~~$20,115,~~previous 5)year ~~consulting~~due to costs ofassociated ~~$15,309,~~with pursuing the development and operation 6)of ~~other~~horseracing ~~miscellaneous~~video ~~costs~~distribution ofventures in international ~~$19,066~~markets.

~~During~~General ~~the~~and ~~six~~administrative ~~months~~expenses ~~ended~~were ~~August 31~~$103,020 ~~2009~~during the ~~Company~~nine ~~recorded~~month aperiod $ended November 30,~~397~~ ~~foreign exchange~~2009 ~~loss~~compared ~~and~~to ~~a gain of~~ $6195,~~844~~900 induring the ~~comparative~~nine ~~prior~~month ~~year~~ period ended November 30, 2008. As aGeneral ~~substantial~~and ~~portion~~administrative ofexpenses during the ~~Company’s~~nine ~~related party~~month ~~liabilities~~period ~~are~~ended ~~denominate~~November in30, ~~Canadian~~2009 ~~dollars,~~included: ~~the~~1) ~~loss~~corporate isfees ~~attributed~~of $7,273, 2) travel, meals and aentertainment of $17,363 3) insurance of $12,870, 4) directors ~~result~~fees of ~~the~~$30,489, ~~appreciation~~5) consulting costs of ~~the~~$15,309, ~~Canadian~~and ~~Dollar~~6) other miscellaneous costs of $19,716.

During the nine months ended November 30, 2009 the Company recorded a $41,088 foreign exchange loss and a gain of $19,120 in the comparative prior year period. As a substantial portion of the Company’s related party liabilities are denominate in Canadian dollars, the loss is attributed and a result of the appreciation of the Canadian Dollar.

The Company recorded other income of $43,000 during the three month period ended May 31, 2009, as a result of the sale of property by a related party. The Company directed the cash proceeds to be paid to Gamecorp as a reduction of intercompany debt. The Company settled all amounts owed to the related party through the issuance of stock during the year ended February 28, 2009 and therefore the proceeds paid to Gamecorp has been reflected as other income during the three month period ended May 31, 2009.

Our net loss for the ~~six~~nine months ended ~~August~~November 3130, 2009 and ~~August~~November 3130, 2008 is $~~234~~362,~~865~~ 693 and $~~253~~450,~~090~~615, respectively.

Critical Accounting Policies and Estimates

The discussion and analysis of results of operations and financial condition are based upon the financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The preparation of these financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. Management evaluates the estimates on an on-going basis, including those related to bad debts, investments, customer accounts, intangible assets, income taxes, and contingencies and litigation. Management bases its estimates on historical experience and on various other assumptions that they believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from ~~these~~ estimates under different assumptions or conditions. Note 2 of the "Notes to Financial Statements" of the Company’s Annual Audited Financial Statements for the year ended February 28, 2009 includes a summary of the significant accounting policies and methods used in the preparation of the financial statements. The following is a brief description of the more significant accounting policies and methods the Company uses.these

estimates under different assumptions or conditions. Note 2 of the "Notes to Financial Statements" of the Company’s Annual Audited Financial Statements for the year ended February 28, 2009 includes a summary of the significant accounting policies and methods used in the preparation of the financial statements. The following is a brief description of the more significant accounting policies and methods the Company uses.

Cash and cash equivalents

The Company considers cash and all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.

Concentrations of credit risk

Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality financial institutions. At no time during the year did the balance at one financial institution exceed insured limits.

Fair value of financial instruments

Accounts payable, accrued expenses, amounts due to related parties are carried in the financial statements at amounts which approximate fair value.

Financial Condition

During the ~~six~~nine month period ended ~~August~~November 3130, 2009, total assets decreased from $1,593 to $~~994~~1,502.

The Company’s liabilities increased by $~~234~~362,~~266~~602 during the ~~six~~nine month period ended ~~August~~November 3130, 2009. The increase is primarily a result of an increase of of $~~212~~324,~~793~~082 in amounts due to related parties.

Accounts payable increased from $292,381 at the beginning of the year to $~~308~~312,~~529~~431 at ~~August~~November 3130, 2009.

Due to related parties increased from $478,851 at February 28, 2009 to $~~691~~802,~~644~~933 at ~~August~~November 3130, 2009. Amounts due to related parties represent $222,603 advance by a shareholder, $~~205~~281,~~171~~693 due to directors and/or officers of the Company and $~~263~~298,~~870~~637 due to entities with common directors and /or officers of the Company. Amounts due to related parties are unsecured, non-interest bearing and have no specific repayment terms.

Accrued professional and other expenses increased by $518,~~325~~470 during the ~~six~~nine month ~~period~~ period ended ~~August~~November 3130, 2009 and primarily represent $811,~~750~~625 in audit fees, $10,575 in legal fees, ~~and~~ $20,000 in relation to printing and mailing costs associated with the annual filings and various other expenses of $10,270.

The stockholders’ deficiency increased from $803,639 at February 28, 2009 to $1,~~038~~166,~~504~~332 at ~~August~~November 3130, 2009. The increase is substantially attributable to an an increase in the accumulated deficit arising from the $~~234~~362,~~865~~693 loss for the ~~six~~ nine month period ended ~~August~~November 3130, 2009.

Going Concern

The accompanying consolidated financial statements have been prepared assuming the Company will continue on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has suffered recurring losses from operations during its operating history. The ability of the Company to continue as a going concern is dependent upon obtaining future financing and profitable operations. Management is in the process of evaluating future business opportunities, which would generate revenue to sustain the operations of the Company. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Liquidity and Capital Resources

Operations were financed primarily through advances from related parties. During the ~~six~~nine month period ended ~~August~~November 3130, 2009, the Company used $~~213~~324,~~392~~173 in cash in operating activities, primarily as a result of operating losses adjusted for changes in accounts payable and accrued expenses. The Company generated $~~211~~322,~~799~~580 in cash from financing activities, as related parties contributed further funds to the Company to continue to operate during the ~~six~~nine month period ended ~~August~~November 3130, 2009.

The revenues of the Company during the three month period ended August 31, 2008 were zero therefore did not play a role in financing operations. The Company in the past has financed operations through advances provided by related parties and the issuance of restricted equity securities. There can be no assurance that the Company’s ability to raise capital through related party advances and private placements will continue.13

The ~~financial~~revenues ~~statements~~of ~~have~~the ~~been~~Company ~~prepared~~during onthe athree ~~going~~month ~~concern~~period ~~basis~~ended November 30, ~~which~~2008 ~~contemplates~~were ~~the~~zero ~~realization~~therefore ofdid ~~assets~~not ~~and~~play ~~the~~a ~~liquidation~~role ~~of liabilities~~ in ~~the ordinary~~financing ~~course of business~~operations. As ~~shown~~The inCompany ~~the accompanying financial~~in ~~statements,~~ the ~~Company~~past has afinanced ~~working~~operations ~~capital~~through ~~deficit~~advances ofprovided ~~$1,038,504~~by atrelated ~~August~~parties ~~31,~~and ~~2009. As~~the aissuance ~~result,~~of ~~substantial~~restricted ~~doubt~~equity ~~exists~~securities. ~~about~~There can be no assurance that the Company’s ability to ~~continue~~raise tocapital ~~fund~~through ~~future~~related ~~operations~~party ~~using~~advances ~~its existing~~and ~~resources~~private placements will continue.

The financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the liquidation of liabilities in the ordinary course of business. As shown in the accompanying financial statements, the Company has a working capital deficit of $1,166,332 at November 30, 2009. As a result, substantial doubt exists about the Company’s ability to continue to fund future operations using its existing resources.

In order to meet it’s near term obligations and provide the necessary funding for future operations, the Company will have to raise additional financing.

The Company heavily relies upon loans from related parties, specifically Gamecorp Ltd. (“Gamecorp”), to further provide capital contributions to its investments. As at ~~August~~November 3130, 2009, Gamecorp holds a 16.69% ownership interest in the Company. During the ~~six~~three month period ended ~~August~~November 3130, 2009, Gamecorp further advanced the Company $4234,~~097~~767. As at ~~August~~November 3130, 2009 the Company is indebted to Gamecorp for $~~263~~298,~~870~~637.

Management is hopeful that the future business direction of the Company will substantially decrease the history of operating losses and provide the ability to improve the Company’s liquidity. The Company will require additional capital over the next year in order to satisfy existing liabilities and to provide further capital contributions to its investments. Failure to obtain such capital could adversely impact the Company's operations and prospects.

Off-balance sheet arrangements.

The Company does not have any off balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

The Company is a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and is not required to provide the information under this item.

Item 4. Controls and Procedures.

Disclosure controls and procedures

The Company’s management evaluated, with the participation of our Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures as of the end of the period covered by this Form 10-Q. Based on this evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)), as of the end of such period, are effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms.

14There have been no significant changes in our internal controls over financial reporting during the third quarter ended November 30, 2009 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

There have been no significant changes in our internal controls over financial reporting during the second quarter ended August 31, 2009 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

This Quarterly Report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this Quarterly Report.

Management Report on Internal Control over Financial Reporting

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

• Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;

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

• Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisitions, use or disposition of the company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal controls over financial reporting may not prevent or detect misstatements. 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 assessed the effectiveness of our internal control over financial reporting as of ~~August~~November 3130, 2009. In making this assessment, our management used the ~~criteria~~ criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

PART II. Other Information

Item 1. Legal Proceedings

On July 6, 2009, the Company agreed to minutes of settlement with Towne, Bartkowski and Defio Kean, P.C. (the “Plaintiff”). The Company agreed to pay CAD$88,500 plus interest at a rate of 9% per annum to the Plaintiff in satisfaction of a judgement obtained in New York. The amounts are to be paid US$5,000 per month beginning in the month of July until all amounts are fully repaid. The Company has fully accrued for the loss in prior periods.None

Item 2. Unregistered Sales of Equity Securities.

None

Item 3. Defaults upon Senior Securities

None

Item 4. Submission of Matters to a Vote of Security Holders

None

Item 5. Other Information

None

Item 6. Exhibits and Reports on Form 8-K

a) Exhibits

Exhibit No.	Description
31.1	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
31.2	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
32.1	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. *
32.2	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. *

(*) Filed with this Report.

b) Reports on Form 8-K

~~None~~The Company filed Form 8-K on October 6, 2009 and Form 8-K/A on October 14, 2009 to discuss the resignation of its current auditors in connection with their merger, the Company engaged the new firm resulting from the merger.

SIGNATURES

In accordance with the registration requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

Date: October 15, 2009	By:	/s/ John G. Simmonds
Date: February 16, 2010	By:	/s/ John G. Simmonds
		Name: John G. Simmonds
		Title: President and Chief Executive Officer
Date: October 15, 2009	By:	/s/ Gary N. Hokkanen
Date: February 16, 2010	By:	/s/ Gary N. Hokkanen
		Name: Gary N. Hokkanen
		Title: Chief Financial Officer
		(Principal Financial Officer)

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