UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549


FORM 10-Q


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


For the quarterly period ended September 30, 2008



GATEWAY CERTIFICATIONS, INC .


Commission File Number: 333-144228



       

Nevada

 

20-5548974

  

 

  

(State of organization)

 

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



 35 Meadow Street

Suite 308

Brooklyn, NY 11206

________________________________________

(Address of principal executive offices)

  

(718) 336-3922

_________________________________________________

Registrant’s telephone number, including area code


Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 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 o

 

Accelerated Filer o

 

Non-Accelerated Filer o (Do not check if a smaller reporting company)

 

Smaller Reporting Company þ


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

Yes [   ]    No [ X ]


As of November 13, 2008, there were 8,343,000 outstanding shares of the registrant's common stock, $.001 par value per share.











TABLE OF CONTENTS

_________________





PART I - FINANCIAL INFORMATION


ITEM 1.       

FINANCIAL STATEMENTS

ITEM 2.       

MANAGEMENT'S DISCUSSION AND ANALYYSIS OR PLAN OF OPERATIONS

ITEM 3.       

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 4.      

CONTROLS AND PROCEDURES



PART II – OTHER INFORMATION



ITEM 1.

LEGAL PROCEEDINGS

ITEM 1A.

RISK FACTORS

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

ITEM 4.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

ITEM 5.

OTHER INFORMATION

ITEM 6.

EXHIBITS


SIGNATURES





PART I – FINANCIAL INFORMATION


ITEM  1.  FINANCIAL STATEMENTS


GATEWAY CERTIFICATIONS, INC.

(A Development Stage Company)

CONDENSED BALANCE SHEETS

(Unaudited)


 

September 30, 2008

 

December 31, 2007

 

(Unaudited)

 

 

ASSETS

 

 

 

    

 

 

 

Current assets

 

 

 

 Cash

 $                                          200 

 

 $                                            18,019 

Total current assets

                                             200 

 

                                               18,019 

    

 

 

 

Equipment, net of accumulated depreciation

                                          1,095 

 

                                                 1,383 

of $ 800  and $ 512 , respectively

 

 

 

    

 

 

 

Total assets

 $                                       1,295 

 

 $                                            19,402 

    

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)

 

 

 

    

 

 

 

Current liabilities

 

 

 

   Current portion of shareholder loans

 $                                          666 

 

                                                       - 

   Shareholder demand note payable

                                             500 

 

                                                       - 

   Unearned revenue

                                          2,000 

 

                                                       - 

   Interest payable

                                               60 

 

                                                       - 

   Accounts payable

                                             308 

 

                                                       - 

Income tax payable

                                                - 

 

                                                    450 

Deposits

                                               50 

 

                                                       - 

Commission payable

                                          1,200 

 

                                                    450 

Professional fees payable

                                          3,200 

 

                                                 3,085 

Total current liabilities

                                          7,984 

 

3,985 







  

 

 

 

Long-Term Liabilities

 

 

 

   Shareholder loans

                                          1,334 

 

                                                       - 

Total liabilities

 $                                       9,318 

 

 $                                              3,985 

  

 

 

 

Stockholders’ equity/(deficit)

 

 

 

Common stock $.001 par value, 50,000,000 shares

 

 

 

authorized, 8,343,000 shares issued and outstanding

                                          8,343 

 

                                                 8,343 

Additional paid in capital

                                        41,507 

 

                                               41,507 

Deficit accumulated during the development stage

                                       (57,873)

 

                                              (34,433)

Total stockholders’ equity/(deficit)

                                         (8,023)

 

                                               15,417 

    

 

 

 

Total liabilities and stockholders' equity/(deficit)

 $                                       1,295 

 

 $                                            19,402 

 

 

 

 


 






























See accompanying notes to condensed financial statements





GATEWAY CERTIFICATIONS, INC.

(A Development Stage Company)

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)


 

 Three Months

 Nine Months

 

Cumulative From Inception

 

 Ended

 Ended

 

(August 30, 2006)  to

 

 September 30,  

 September 30,  

 

September 30,

 

2008

 

2007

2008

 

2007

 

2008

Revenue

 

 

 

 

 

 

 

 

Consulting income

 $                  - 

 

           $          - 

 $           2,500 

 

 $          3,523 

 

 $                              6,000 

Commission expense

                     - 

 

                     - 

                 750 

 

                - 

 

                                 1,200 

Net revenue

                        - 

 

                        - 

              1,750 

 

             3,523 

 

                                 4,800 

  

 

 

 

  

 

 

 

 

General and administrative expenses

 

 

 

  

 

 

 

 

Organization costs

                     - 

 

                     - 

                      - 

 

                     - 

 

                                    752 

Advertising and promotion

                   822 

 

                     - 

              2,458 

 

                     - 

 

                                 3,548 

Computer and internet expense

                   156 

 

                     - 

                 726 

 

                     - 

 

                                 2,098 

Depreciation expense

                     96 

 

                     96 

                 288 

 

                288 

 

                                    800 

Filing fees, dues and subscriptions

                     94 

 

                     - 

              1,734 

 

                     - 

 

                                 6,776 

Legal fees

                     - 

 

                     - 

                      - 

 

                     - 

 

                                 1,000 

Outside services

                     - 

 

                     - 

                      - 

 

                     - 

 

                                 1,200 

Office expense

                     43 

 

                4,453 

                 683 

 

             9,503 

 

                                 4,202 

Rent expense

                1,943 

 

                3,956 

            10,221 

 

             6,878 

 

                               21,783 

Telephone expense

                   306 

 

                     - 

              1,013 

 

                     - 

 

                                 2,338 

Professional fees

                1,630 

 

                1,000 

              7,730 

 

             7,500 

 

                               18,025 

Other expense

                     - 

 

                     - 

                 127 

 

                     - 

 

                                    318 

Franchise taxes

                   150 

 

                     - 

                 150 

 

                546 

 

                                 1,050 

Total general and administrative expenses

                   5,240 

 

                   9,505 

            25,130 

 

           24,715 

 

                               63,890 

  

 

 

 

 

 

 

 

 

Loss from operations

                 (5,240)

 

                 (9,505)

           (23,380)

 

          (21,192)

 

                              (59,090)

  

 

 

 

  

 

 

 

 

Other income/(expense)

   

 

 

  

 

   

 

 

Miscellaneous income

                     -   

 

 

  

 

                   -   

 

                                 1,523







Interest expense

                   (60)

 

                        - 

                  (60)

 

                   - 

 

                                   (306)

Total other income/(expense)

                      (60)

 

 

                  (60)

 

                   - 

 

                                 1,217 

    

 

 

 

 

 

 

 

 

Net (loss) before income taxes

                 (5,300)

 

                 (9,505)

           (23,440)

 

          (21,192)

 

                              (57,873)

    

 

 

 

 

 

 

 

 

Federal income tax expense

                          - 

 

                          - 

                      - 

 

                     - 

 

                                         - 

  

 

 

 

 

 

 

 

 

Net (loss)

 $              (5,300)

 

 $              (9,505)

 $        (23,440)

 

 $       (21,192)

 

 $                           (57,873)

  

 

 

 

 

 

 

 

 

Net loss per common shares outstanding

 $            (0.0006)

 

 $            (0.0011)

 $        (0.0028)

 

 $       (0.0026)

 

 

  

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

Basic and diluted

            8,343,000 

 

            8,317,000 

       8,343,000 

 

      8,197,355 

 

 

  

 

 

 

  

 

 

 

 

































See accompanying notes to condensed financial statements







GATEWAY CERTIFICATIONS, INC.

(A Development Stage Company)

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)


 

 Nine Months

 

Cumulative From Inception

 

 Ended

 

(August 30, 2006)  to

  

 September 30,  

 

September 30,

Cash flows from operating activities

2008

 

2007

 

2008

Net (loss)

 $                 (23,440)

 

 $                   (21,192)

 

 $                                        (57,873)

Adjustments to reconcile net (loss) to net

 

 

 

 

 

cash used in operating activities

 

 

 

 

 

Depreciation

                          288 

 

                             288 

 

                                                  800 

Outside services in exchange for common stock

                             - 

 

                               - 

 

                                               1,200 

Decrease in other receivable

                             - 

 

                             835 

 

 

Increase/(decrease) in:

 

 

 

 

 

Unearned revenue

                       2,000 

 

                        (2,000)

 

                                               2,000 

   Interest payable

                            60 

 

                               - 

 

                                                    60 

Income taxes payable

                         (450)

 

                           (150)

 

                                                    - 

   Accounts payable

                          308 

 

 

 

                                                  308 

Deposit

                            50 

 

                               - 

 

                                                    50 

Commission payable

                          750 

 

                               - 

 

                                               1,200 

Professional fees payable

                          115 

 

                          1,195 

 

                                               3,200 

Net cash used in operating activities

                    (20,319)

 

                      (21,024)

 

                                  (49,055)

  

    

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

Proceeds from issuance of common stock

                             - 

 

                        36,700 

 

                                             46,755 

Proceeds from shareholder demand note payable

                          500 

 

                               - 

 

                                                  500 

Proceeds from shareholder loans

                       2,000 

 

                               - 

 

                                               2,000 

Net cash provided by financing activities

                       2,500 

 

                        36,700 

 

                                             49,255 

  

  

 

 

 

 

Net increase/(decrease) in cash

                    (17,819)

 

                        15,676 

 

                                                  200 

 

 

 

 

 

 







Cash , beginning of period

                     18,019 

 

                          3,390 

 

                                                    - 

    

  

 

 

 

 

Cash , end of period

                          200 

 

                        19,066 

 

                                                  200 

    

  

 

 

 

 

Supplemental disclosure of Cash Flows information: 

 

 

 

 

Cash paid for:

  

 

 

 

 

Income taxes

                               - 

 

                                 - 

 

                                                    - 

Interest

                               - 

 

                                 - 

 

                                                  246 

    

 

 

 

 

 

  

  

Supplemental disclosure of non-cash investing and financing activities

 

 

 

 

During the period ended December 31, 2006, equipment with a value of $1,895 was contributed to the Company in exchange for common stock.  

This contribution and related issuance of common stock has been excluded from the condensed statements of cash flows presented.

 

 

 

 

 

 


































See accompanying notes to condensed financial statements






GATEWAY CERTIFICATIONS, INC.

(A Development Stage Company)

NOTES TO CONDENSED FINANCIAL STATEMENTS

September 30, 2008



1.

Basis of Presentation


The accompanying unaudited interim condensed financial statements of Gateway Certifications, Inc. and the information for Form 10-Q have been prepared in accordance with the rules of the Securities and Exchange Commission, and do not include all of the information and note disclosures required by generally accepted accounting principles, and should be read in conjunction with the audited financial statements and notes thereto also contained in Gateway Certifications, Inc. Form 10-KSB/A.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.  Notes to the financial statements that would substantially duplicate the disclosures contained in the audited financials statements as reported in Form 10-KSB/A have been omitted.

 

2.

Basic and Diluted Net (Loss) Per Share


The basic net (loss) per common share is computed by dividing the net (loss) by the weighted average number of common shares outstanding.  Diluted net (loss) per common share is computed by dividing the net (loss) adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities.


3.

Shareholder Loans Payable


On June 19, 2008, the Company and Lawrence Williams, Jr., an officer of the Company, entered into an unsecured promissory note for the amount of $1,000 loaned by Mr. Williams to the Company (“Williams Loan”). Interest shall accrue on the principal amount of this note at a rate of eight percent (8%) per annum. The Company shall pay the Williams Loan in twelve (12) quarterly installments of approximately $83 payable each on the last day of each quarter with the first such installment on December 31, 2008 until the principal and interest have been paid in full.  The outstanding principal and accrued interest on Williams Loan is due June 30, 2013.


On July 23, 2008, the Company and Kwajo Sarfoh., secretary of the Company, entered into an unsecured promissory note for the amount of $1,000 loaned by Mr. Sarfoh to the Company (“Sarfoh Loan”). Interest shall accrue on the principal amount of this note at a rate of eight percent (8%) per annum. The Company shall pay the Sarfoh Loan in twelve (12) quarterly installments of approximately $83 payable each on the last day of each quarter with the first such installment on December 31, 2008 until the principal and interest have been paid in full.  The outstanding principal and accrued interest on Sarfoh Loan is due July 30, 2013.


4.

Shareholder Demand Note Payable


On July 29, 2008, Kwajo Sarfoh., secretary of the Company, loaned the Company $500 (“Sarfoh Demand Loan”). Interest shall accrue on the principal amount of the note at a rate of eight percent (8%) per annum. The Company shall pay the Sarfoh Demand Loan with accrued interest on demand, but no later than July 29, 2013.



















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


The following discussion should be read in conjunction with our unaudited financial statements and the notes thereto.


Forward-Looking Statements


This quarterly report contains forward-looking statements and information relating to us that are based on the beliefs of our management as well as assumptions made by, and information currently available to, our management. When used in this report, the words "believe," "anticipate," "expect," "estimate," “intend”, “plan” and similar expressions, as they relate to us or our management, are intended to identify forward-looking statements. These statements reflect management's current view of us concerning future events and are subject to certain risks, uncertainties and assumptions, including among many others: a general economic downturn; a downturn in the securities markets; federal or state laws or regulations having an adverse effect on proposed transactions that we desire to effect; Securities and Exchange Commission regulations which affect trading in the securities of "penny stocks,"; and other risks and uncertainties. Should any of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report as anticipated, estimated or expected. The accompanying information contained in this report on Form 10-Q, including, without limitation, the information set forth under the heading “Management’s Discussion and Analysis or Plan of Operation" identifies important additional factors that could materially adversely affect actual results and performance. You are urged to carefully consider these factors. All forward-looking statements attributable to us are expressly qualified in their entirety by the foregoing cautionary statement.


Overview and Plan of Operation

 

A brief history and recent developments

 

Gateway Certifications, Inc. (“Gateway” or the “Company”) was incorporated on August 30, 2006 and became a reporting public company in July 2007. We are headquartered in Brooklyn. Our principal executive offices are located at 35 Meadow Street, Brooklyn, NY 11206, and our telephone number is (718) 336-3922. Our website address is www.gcertifications.com .


In company with federal agencies and private organizations, Gateway recognizes the historical lack of access that women, minorities and other qualifying individuals have had to the resources needed to develop their small businesses.


How we generate revenue


The Company was formed to provide certification services to women-owned, minority-owned and other qualified businesses  (collectively referred to as “Minority Businesses”) that seek Minority Business Enterprises certification (MBE), Women’s Business Enterprise certification (WBE), Disadvantaged Business Enterprise (DBE) certification, 8(a) and or SDB designation and various State, City and private sector certifications (collectively referred to as “Certifications Programs”).


Once successfully certified in one or more Certification Programs, the Company then assists Minority Businesses to leverage and utilize their certification status to procure and secure business relationships and available opportunities for the delivery or provision of their goods and/or services to public and private corporations, federal, state and local agencies. We connect Minority Businesses with opportunities based on their business, capacity, expertise and strategic goals.


Although federal, state, city and local government agencies and public and private corporations do not and can not guarantee any specific amount of business to a certified Minority Business, once certified, Minority Businesses achieve preferential access to bid for contracts for goods or services that are related to their respective business concerns.

 

Results of Operations for the Nine Months Ended September 30, 2008 Compared to the Nine Months Ended September 30, 2007


Our certification and supplier diversity consulting income during the nine months ended September 30, 2008 resulted in net revenues of $1,750 as compared to the nine months ended September 30, 2007 where we had $3,523 in net revenues. This was a decrease of $1,773, or 50%. The decrease in certification and supplier diversity consulting income was due to the fact that we were not successful in converting potential clients of certification and supplier diversity consulting into contracts for the period.









General and administrative expenses for the nine months ended September 30, 2008 were $25,130.  This was an increase of $415, or 2%, as compared to general and administrative expenses of $24,715 for the nine months ended September 30, 2007.  During the nine months ended September 30, 2008, we incurred professional services fees in the amount of $7,730, filing fees, dues and subscription costs of $1,734, advertising and promotional expenses of $2,458, computer and internet expenses of $726, rent expenses of $10,221, office expenses of $683, telephone expenses of $1,013, depreciation expenses of $288, franchise tax of $150, and other miscellaneous operating expenses amounting to $127.


Depreciation expense for the nine months ended September 30, 2008 was $288. This is an increase of $0, or 0%, as compared to depreciation expense of $288 for the nine months ended September 30, 2007.


We had net loss of $23,440 (or basic and diluted loss per share of $0.0028) for the nine months ended September 30, 2008, as compared to a net loss of $21,192 (or basic and diluted loss per share of $0.0026) for the nine months ended September 30, 2007.  The increase in net loss was primarily due to the increase in general and administrative expenses, discussed above, that arose from an increase in overall operating activities associated with conducting our business.



Liquidity and Capital Resources


We had total assets of $1,295 as of September 30, 2008. This consisted of total current assets of $200, a decrease of $17,819, or 99%, as compared to current assets of $18,019 for the year ended December 31, 2007. Other assets as of September 30, 2008 included property and equipment of $1,095 net of $800 of accumulated depreciation.


We had negative working capital of $7,784 as of September 30, 2008.


We had total liabilities of $9,318 as of September 30, 2008, which consisted of current liabilities of $7,984 and long term liabilities related to shareholder loans of $1,334. This was an increase of $5,333 or 134%, as compared to total liabilities of $3,985 for the period ended December 31, 2007.


We had an accumulated deficit of $57,873 as of September 30, 2008. This was an increase of $23,440 or 68%, as compared to an accumulated deficit of $34,433 for the period ended December 31, 2007.


We had net cash used in operating activities of $20,319 for the nine months ended September 30, 2008. The net cash used in operating activities of $20,319 for the nine months ended September 30, 2008 represented an decrease of $705, or 3%, as compared to net cash used in operating activities of $21,024 for the nine months ended September 30, 2007.


We had $2,500 in net cash provided by financing activities for the nine months ended September 30, 2008, as compared to $36,700 for the nine months ended September 30, 2007, which consisted solely of shareholder loans as compared to proceeds from sale of common stock for the nine months ended September 30, 2008 and 2007, respectively.


We have no specific commitments for any future capital expenditures.  However, we will continue to incur normal operating expenses and routine fees and expenses incident to our reporting duties as a public company. Our cash requirements for the next twelve months are relatively modest, principally rent, other office expense and accounting expenses.


Unless we receive additional capital, we will only be able to pay our future debts and meet operating expenses by conducting profitable operations or otherwise generating positive cash flow. As a practical matter, we are unlikely to generate positive cash flow by any means other than successful and profitable operations.  Management and the shareholders are not obligated to provide any further funding. Notwithstanding, on July 29, 2008, an officer of the Company loaned the Company $500 for operating expenses and, if positive cash flows are not achieved through operations over the next three months of operations, will likely loan the Company additional capital to fund the Company’s operating expenses. Any of our shareholders and management who advance money to us to cover operating expenses will expect to be reimbursed when the Company achieves positive cash flows.


Outside of principal loans, we do not have any other identified sources of additional capital. There can be no assurance that additional capital will be available to us, or that, if available, it will be on terms satisfactory to us. Any additional financing may involve dilution to our shareholders. In the alternative, additional funds may be provided from cash flow in excess of that needed to finance our day-to-day operations, although we may never generate this excess cash flow. If we do not raise additional capital or generate additional funds, implementation of our plans for expansion will be delayed. If necessary we may withdraw from certain growth strategies to conserve cash for continued operation.





We have no intention of borrowing money to reimburse or pay commissions to any of our officers, directors or shareholders or their affiliates.  Other than as presented in our registration statement on Form SB-2, there currently are no plans to sell additional securities to raise capital, although sales of securities may be necessary to obtain needed funds.

 

Should the Company lack available funding, severe consequences could occur, including among others:


·

failure to make timely filings with the SEC as required by the Exchange Act, which also probably would result in suspension of trading or quotation in our stock and could result in fines and penalties to us under the Exchange Act;


·

curtailing or eliminating our ability to continue operations; or


·

inability to pay legal and accounting fees and other operating expenses.



Off-Balance Sheet Arrangements


We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.


ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


The Company is subject to certain market risks, including changes in interest rates.  The Company does not undertake any specific actions to limit this exposure.


ITEM 4.  CONTROLS AND PROCEDURES


Our Chief Executive Officer and our Chief Financial Officer, after evaluating the effectiveness of our “disclosure controls and procedures” (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this report (the “Evaluation Date”), has concluded that as of the Evaluation Date, our disclosure controls and procedures were not effective to provide reasonable assurance that information required to be disclosed by us in the reports that we file or submit under the Exchange Act (i) is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required  disclosure, and (ii) is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms.


We plan to improve our internal control over financial reporting in an effort to remediate these deficiencies through improved supervision and training of our accounting staff. These deficiencies have been disclosed to our board of directors. We believe that this effort is sufficient to fully remedy these deficiencies and we are continuing our efforts to improve and strengthen our control processes and procedures. Our Chief Executive Officer, Chief Financial Officer and directors will continue to work with our auditors and other outside advisors to ensure that our controls and procedures are adequate and effective.

 

Changes in Internal Control Over Financial Reporting


There were no changes in the Company’s internal control over financial reporting that occurred during the most recent quarter that have materially affected, or are reasonably likely to materially affect, its internal control over financial reporting for that period.



PART II - OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS


There are no legal proceedings which are pending or have been threatened against us or any of our officers, directors or control persons of which management is aware.







ITEM 1A.  RISK FACTORS


As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.


ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES


Except as may have previously been disclosed on our registration statement on Form SB-2, a current report on Form 8-K or a quarterly report on Form 10-Q, we have not sold any of our securities in a private placement transaction or otherwise during the past three years.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES


Not applicable.


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

 

No matters were submitted to a vote or for the written consent of security shareholders, through the solicitation of proxies or otherwise, during the nine months ended September 30, 2008, and no meeting of shareholders was held.

 

ITEM 5.  OTHER INFORMATION


Not applicable.


ITEM 6.  EXHIBITS


Exhibit No.

 

Description

    

 

 

31.1*

 

Certification of Principal Executive Officer and Principal Financial Officer filed pursuant to Section 302 of

the Sarbanes-Oxley Act of 2002.

     

 

 

32.1*

 

Certification of Principal Executive Officer and Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

  

 

 

10.1*

 

Unsecured Promissory Note between Gateway Certifications, Inc. and Lawrence Williams, Jr.

  

 

 

10.2*

 

Unsecured Promissory Note between Gateway Certifications, Inc. and Kwajo Sarfoh

 

 

 

 

* Filed herein.





SIGNATURES


In accordance with 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.


 

 

 

   

GATEWAY CERTIFICATIONS, INC.

   
 

 
 

   
   

Date: November 13, 2008

By:  

/s/ Lawrence Williams, Jr.

 

  

Lawrence Williams, Jr.

 

 Chief Executive Officer and Principal Accounting Officer

   




Exhibit 31.1



Certification of Principal Executive Officer and Principal Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.


I, Lawrence Williams, Jr., certify that:


1.

I have reviewed this quarterly report of Gateway Certifications, Inc. on Form 10-Q for the quarterly period ended September 30, 2008.


2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;


4.

The small business issuer’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and have:


(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer is made known to us by others within those entities, particularly during the period in which this report is being prepared;


(b) Evaluated the effectiveness of the small business issuer’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


(c) Disclosed in this report any change in the small business issuer’s internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and


5.

The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):


(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and


(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


Date: November 13, 2008


/s/ Lawrence Williams, Jr.

_____________________


Lawrence Williams, Jr.

Principal Executive Officer and Principal Accounting Officer



Exhibit 32.1



Certification of Principal Executive Officer and Principal Financial Officer

Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


In connection with the quarterly report of Gateway Certifications, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2008 as filed with the Securities and Exchange Commission on the date hereof, the undersigned, in the capacities and on the dates indicated below, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:


1.

The Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 (the “Report”) fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and


2.

Information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.


IN WITNESS WHEREOF, the undersigned has executed this statement this 13 th day of November 2008.



/s/ Lawrence Williams, Jr.

______________________________


Lawrence Williams, Jr.

Principal Executive Officer and

Principal Accounting Officer