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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effective
      August 18, 2006, Richard Gammill was appointed as a member of the Board of
      Directors. Richard Gammill is not a director of any other reporting company.
      Other than the Transactions described in Item 1.01 and Item 5.01 of the Form
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      filed with the Securities and Exchange Commission on April 18, 2006 related
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      the change in control of the Registrant, no transactions occurred in the last
      two years to which the Registrant was a party in which Mr. Gammill had or is
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      Registrant.</font></div>
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      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this Report on Form 8-K to be signed on its behalf by the
      undersigned hereunto duly authorized.</font></div>
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            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><strong>COMMERCE
              DEVELOPMENT CORPORATION, LTD.</strong></font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:&#160;August
              23, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Richard
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                Richard Gammill</font></div>
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                Chief Executive Officer</font></div>
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{"company-data": {"conformed-name": "COMMERCE DEVELOPMENT CORP LTD", "cik": "0001208790", "assigned-sic": "8742", "irs-number": "000000000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-104647", "film-number": "061052550"}, "mail-address": {"street1": "8880 RIO SAN DIEGO DR 8TH FLR", "city": "SAN DIEGO", "state": "CA", "zip": "92108"}}
SECURITIES
      AND EXCHANGE COMMISSION
WASHINGTON,
      D.C. 20549
FORM
      8-K
CURRENT
      REPORT
Pursuant
      to Section 13 or 15(d) of the
Securities
      Exchange Act of 1934
Date
      of report (Date of earliest event reported): August 18,
      2006
COMMERCE
      DEVELOPMENT CORPORATION, LTD.
(Exact
      name of registrant as specified in Charter)
Delaware
333-104647
33-0843696
(State
                or other jurisdiction of
incorporation
                or organization)
(Commission
                File No.)
(IRS
                Employer Identification No.)
9440
      S. SANTA MONICA BLVD., SUITE 400
BEVERLY
      HILLS, CA  90210
(Address
      of Principal Executive Offices)
310-402-5901
(Issuer
      Telephone Number)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):
o
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))
Item
                5.02
Departure
                of Directors or Principal Officers; Election of Directors; Appointment
                of
                Principal Officers.
Effective
      August 18, 2006, Richard Gammill was appointed as a member of the Board of
      Directors. Richard Gammill is not a director of any other reporting company.
      Other than the Transactions described in Item 1.01 and Item 5.01 of the Form
      8-K
      filed with the Securities and Exchange Commission on April 18, 2006 related
      to
      the change in control of the Registrant, no transactions occurred in the last
      two years to which the Registrant was a party in which Mr. Gammill had or is
      to
      have a direct or indirect material interest. Mr. Gammill is currently the sole
      director of the Registrant and no committees have been formed at this
      time.
Effective
      August 18, 2006, Mr. Jason Farber resigned as the sole member of the board
      of
      directors of the Registrant. There were no disagreements between Mr. Farber
      and
      any officer of the Registrant.
Effective
      August 18, 2006, Mr. Jason Farber resigned as President, Chief Executive
      Officer, Acting Chief Financial Officer and Secretary of the
      Registrant.
SIGNATURES
Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this Report on Form 8-K to be signed on its behalf by the
      undersigned hereunto duly authorized.
COMMERCE
              DEVELOPMENT CORPORATION, LTD.
Date: August
              23, 2006
By:
/s/ Richard
              Gammill
Name:
                Richard Gammill
Title:
                Chief Executive Officer