SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-KSB    [X]ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the fiscal year ended December 31, 2007  [ ]TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the transition period from ______________ to________________ Commission file number 033-03583-S  Prestige Capital Corporation (Name of small business issuer in its charter)  Nevada93-0945181(State or other jurisdiction of
incorporation or organization)(I.R.S. Employer Identification No.)  1324 E. 3300 S., Salt Lake City, UT84106(Address of principal executive offices)(Zip Code)  Issuer's telephone number  (801)466-0041   Securities registered under Section 12(b) of the Exchange Act:  None  Securities registered under Section 12(g) of the Exchange Act:  None  Common Stock, $.001 par Value (Title of class)  Check whether the issuer is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act.  [  ]  Note- Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Exchange Act from their obligations under those Sections.  SEC 2337 (12-05) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.     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 [  ]  Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B contained in this form, and no disclosure will be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB.   [X]  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).                  Yes [X]     No [  ]  State issuer's revenues for its most recent fiscal year: $-0-  State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked price of such common equity, as of a specified date within the past 60 days. (See definition of affiliate in Rule 12b-2 of the Exchange Act.)  Our common stock is listed on the Over the Counter Bulletin Board ("OTCBB"), under the symbol "PGEC.OB".
There was not an active market and no trading volume during fiscal 2007 and there has been no trading volume in 2008, therefore the aggregate market value of the issuer's common stock held by non-affiliates at March 25, 2008 is deemed to be $-0-.  Note: If determining whether a person is an affiliate will involve an unreasonable effort and expense, the issuer may calculate the aggregate market value of the common equity held by non-affiliates on the basis of reasonable assumptions, if the assumptions are stated.  (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)  Check whether the issuer has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes [  ]     No [  ]  (APPLICABLE ONLY TO CORPORATE REGISTRANTS)  State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date.   As of April 11, 2008 there were 2,302,200 shares of common stock, par value $.001 issued and outstanding.  DOCUMENTS INCORPORATED BY REFERENCE  If the following documents are incorporated by reference, briefly describe them and identify the part of the Form 10-KSB (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) any annual report to security holders; (2) any proxy or information statement; and (3) any prospectus filed pursuant to Rule 424(b) or (c) of the Securities Act of 1933 ("Securities Act"). The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1990).  Transitional Small Business Disclosure Format (Check one): Yes [  ]; No  [X]      Part I     Forward-Looking Statement Notice When used in this report, the words "may," "will," "expect," "anticipate," "continue," "estimate," "project," "intend," and similar expressions are intended to identify forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding events, conditions, and financial trends that may affect Prestige Capital Corporation future plans of operations, business strategy, operating results, and financial position.  Persons reviewing this report are cautioned that any forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties and that actual results may differ materially from those included within the forward-looking statements as a result of various factors. Our Business Prestige Capital Corporation ("the Company") was organized under the laws of the State of Utah on February 7, 1986 under the name of Hood Ventures, Inc.  On December 31, 1998, the name was changed to Prestige Capital Corporation.  On December 31, 1998, Hood Ventures, Inc. of Utah merged with Prestige Capital Corporation, a Nevada Corporation, leaving the Nevada Corporation as the surviving company.  We have ceased operations and have focused our efforts on seeking a business opportunity. We are now considered a "blank check" company. The Company will attempt to locate and negotiate with a business entity for the merger of that target company into the Company. In certain instances, a target company may wish to become a subsidiary of the Company or may wish to contribute assets to the Company rather than merge. No assurances can be given that the Company will be successful in locating or negotiating with any target company. The Company will provide a method for a foreign or domestic private company to become a reporting ("public") company whose securities are qualified for trading in the United States secondary market. The selection of a business opportunity in which to participate is complex and extremely risky and will be made by management in the exercise of its business judgment.  There is no assurance that we will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to our company and shareholders. Because we have no specific business plan or expertise, our activities are subject to several significant risks.  In particular, any business acquisition or participation we pursue will likely be based on the decision of management without the consent, vote, or approval of our shareholders. Sources of Opportunities We anticipate that business opportunities may arise from various sources, including officers and directors, professional advisers, securities broker-dealers, venture capitalists, members of the financial community, and others who may present unsolicited proposals. We will seek potential business opportunities from all known sources, but will rely principally on the personal contacts of our officers and directors as well as indirect associations between them and other business and professional people.  Although we do not anticipate engaging professional firms specializing in business acquisitions or reorganizations, we may retain such firms if management deems it in our best interests.  In some instances, we may publish notices or advertisements seeking a potential business opportunity in financial or trade publications. Criteria We will not restrict our search to any particular business, industry or geographical location.  We may acquire a business opportunity in any stage of development.  This includes opportunities involving "start up" or new companies.  In seeking a business venture, management will base their decisions on the business objective of seeking long-term capital appreciation in the real value of our company.  We will not be controlled by an attempt to take advantage of an anticipated or perceived appeal of a specific industry, management group, or product. In analyzing prospective business opportunities, management will consider the following factors:

- available technical, financial and managerial resources;
- working capital and other financial requirements;
- the history of operations, if any;
- prospects for the future;
- the nature of present and expected competition;
- the quality and experience of management services which may be available and the depth of the management;
- the potential for further research, development or exploration;
- the potential for growth and expansion;
- the potential for profit;
- the perceived public recognition or acceptance of products, services, trade or service marks, name identification; and other relevant factors. Generally, our management will analyze all available factors and make a determination based upon a composite of available facts, without relying on any single factor. Methods of Participation of Acquisition Management will review specific businesses and then select the most suitable opportunities based on legal structure or method of participation.  Such structures and methods may include, but are not limited to, leases, purchase and sale agreements, licenses, joint ventures, other contractual arrangements, and may involve a reorganization, merger or consolidation transactions.  Management may act directly or indirectly through an interest in a partnership, corporation, or other form of organization. Procedures  As part of the our investigation of business opportunities, officers and directors may meet personally with management and key personnel of the firm sponsoring the business opportunity.  We may visit and inspect material facilities, obtain independent analysis or verification of certain information provided, check references of management and key personnel, and conduct other reasonable measures. We will generally ask to be provided with written materials regarding the business opportunity.  These materials may include the following:

 - descriptions of product, service and company history; management resumes;
 - financial information;
 - available projections with related assumptions upon which they are based;
 - an explanation of proprietary products and services;
 - evidence of existing patents, trademarks or service marks or rights thereto;
 - present and proposed forms of compensation to management;
 - a description of transactions between the prospective entity and its affiliates;
 - relevant analysis of risks and competitive conditions;
 - a financial plan of operation and estimated capital requirements;
 - and other information deemed relevant. Competition We expect to encounter substantial competition in our efforts to acquire a business opportunity.  The primary competition is from other companies organized and funded for similar purposes, small venture capital partnerships and corporations, small business investment companies and wealthy individuals. Employees We do not currently have any employees but rely upon the efforts of our officer and director to conduct our business.  We do not have any employment or compensation agreements in place with our officers and directors although they are reimbursed for expenditures advanced on our behalf. Item 2.  Description of Property. We do not currently own any property.  We utilize office space in the business of Swen Mortenson, a former officer and director, at no cost.  We will not seek independent office space until we pursue a viable business opportunity and recognize income. Item 3.  Legal Proceedings. No legal proceedings are threatened or pending against Prestige Capital Corporation or any of our officers or directors.  Further, none of our officers, directors or affiliates are parties against Prestige Capital Corporation or have any material interests in actions that are adverse our own. Item 4.  Submission of Matters to a Vote of Securities Holders. effect a reverse stock split whereby all outstanding shares of the Company's $.001 par value common stock ("Common Stock") will be reverse split on a 1-for-5 share basis, with fractional share amounts being rounded up to the nearest whole number;
increase the authorized capital so that the Company is authorized to issue one hundred million (100,000,000) shares of $0.001 par value of Common Stock and ten million (10,000,000) shares of $0.001 par value of preferred stock, which preferred stock is issuable in such series and designations as may be authorized by the Company's Board of Directors; and
add the following four new Articles to our Articles of Incorporation, Article X-Indemnification, Article XI- Acquisition Of Controlling Interest and Article XII- Combinations With Interested Stockholders, and Article XIII-Authority of Board of Directors to Change the Corporate Name.  Part II   Item 5. Market for Common Equity and Related Stockholder Matters  There currently is no active trading for our Common Stock.  Our common stock is listed on the Over the Counter Bulletin Board ("OTCBB"), under the symbol "PGEC". CLOSING BID
  CLOSING ASK2007
  High
  Low
  High
  LowNovember 13 (date of OTCBB
  listing) Thru December 31
  NONE
  NONE
  NONE
  NONE The above quotations, as provided by Pink Sheets, LLC, represent prices between dealers and do not include retail markup, markdown or commission.  In addition, these quotations do not represent actual transactions. As of April 11, 2008, there were approximately 76 shareholders of record holding 2,302,200 shares of common stock. The holders of common stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders. Holders of the common stock have no preemptive rights and no right to convert their common stock into any other securities. There are no redemption or sinking fund provisions applicable to the common stock. We have not paid, nor declared, any cash dividends since our inception and do not intend to declare any such dividends in the foreseeable future. Our ability to pay cash dividends is subject to limitations imposed by Nevada law. Under Nevada law, cash dividends may be paid to the extent that a corporation's assets exceed its liabilities and it is able to pay its debts as they become due in the usual course of business. Item 6.  Management's Discussion and Analysis or Plan of Operation. Years Ended December 31, 2007 and 2006 We have negligible available cash on hand and have experienced losses since inception.  We did not generate any revenues from operations during the years ended December 31, 2007 and 2006.  Expenses during the year ended December 31, 2007 were $23,255 compared to expenses of $1,073 in 2006.
Expenses for both years consisted mainly of general and administrative expenses and related party interest expense.  The general and administrative expenses were primarily due to professional, legal and accounting fees relating to our reporting requirements. As a result of the foregoing factors, we realized a net loss of $23,255 for the year ended December 31, 2007, compared to a net loss of $567 for the year ended December 31, 2006. Liquidity and Capital Resources At December 31, 2007, we had $15 in available cash on hand and $19,627 in liabilities.  We anticipate our expenses for the next twelve months will be approximately $25,000.  In the past we have relied on advances from our current shareholders to cover our operating costs.   Management anticipates that we will receive sufficient advances from our president to meet our needs through the next 12 months.  However, there can be no assurances to that effect.  Our need for capital may change dramatically if we acquire an interest in a business opportunity during that period.  At present, we have no understandings, commitments or agreements with respect to the acquisition of any business venture, and there can be no assurance that we will identify a business venture suitable for acquisition in the future.  Further, we cannot assure that we will be successful in consummating any acquisition on favorable terms or that we will be able to profitably manage any business venture we acquire.  Should we require additional capital, we may seek additional advances from officers, sell common stock or find other forms of debt financing. Our current operating plan is to continue searching for potential businesses, products, technologies and companies for acquisition and to handle the administrative and reporting requirements of a public company.  To demonstrate our commitment to maintaining ethical reporting and business practices, we adopted a Code of Ethics and Business Conduct and included it as an exhibit to this Form 10-KSB. Financial Interpretation No. 48, "Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109", Statement of Financial Accounting Standards ("SFAS") No. 141 (revised 2007), "Business Combinations", SFAS No. 160, "Noncontrolling Interests in Consolidated Financial Statements - an amendment of ARB No. 51", SFAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities - Including an Amendment of FASB Statement No. 115", SFAS No. 158, "Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans", SFAS No. 157, "Fair Value Measurements", SFAS No. 156, "Accounting for Servicing of Financial Assets", SFAS No. 155, "Accounting for Certain Hybrid Instruments", and SFAS No. 154, "Accounting Changes and Error Corrections - a replacement of APB Opinion No. 20 and FASB Statement No. 3", were recently issued. These recently-enacted accounting standards have no current applicability to the Company or their effect on the financial statements would not have been significant. Subsequent Events. Subsequent to December 31, 2007, on February 6, 2008, the Company completed a 5 to 1 reverse stock split of the Company's common stock. Following the reverse stock split, the Company has 2,302,200 shares of common stock issued and outstanding. Item 7.  Financial Statements. Our financial statements appear at the end of this report beginning on page F-1. Item 8.  Changes In and Disagreements with Accountants on Accounting and Financial Disclosure. On February 13, 2008, our Board of Directors appointed Mantyla McReynolds, LLC, as
our independent auditor. Additionally, concurrent with the decision to establish a relationship
with Mantyla McReynolds LLC our Board of Directors approved the dismissal of Michael J. Larsen,
PC as our independent auditor.

No report issued by Michael J. Larsen, PC on the financial statements
for either of the past two (2) years contained an adverse opinion or a disclaimer
 of opinion or was qualified or modified as to uncertainty, audit scope or accounting
 principles, except for a going concern opinion expressing substantial doubt about
 the ability of us to continue as a going concern.


During our two fiscal years ended December 31, 2006 and 2005 and during the
subsequent interim period preceding their dismissal, there were no disagreements
with Michael J. Larsen, PC on any matter of accounting principles or practices, financial disclosure,
or auditing scope or procedure. There were no reportable events, as described in Item 304(a)(1)(v) of
 Regulation S-K, during the two fiscal years ended December 31, 2006 and 2005.  Item 8A(T). Controls and Procedures. (a) Evaluation of Disclosure Controls and Procedures.  Our management, with the participation of our President,
evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that
evaluation, our President concluded that our disclosure controls and procedures as of the end of the period covered by this report were not effective such that the information required to be disclosed by us in reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and (ii) accumulated and communicated to our management, including our President, as appropriate to allow timely decisions regarding disclosure. A controls system cannot provide absolute assurance, however, that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected. Management's Annual Report on Internal Control over Financial Reporting.  Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes of accounting principles generally accepted in the United States. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
Therefore, even those systems determined to be effective can provide only reasonable assurance of achieving their control objectives. Our management, with the participation of the President, evaluated the effectiveness of the Company's internal
control over financial reporting as of December 31, 2007.  In making this assessment, our management used the criteria set forth by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control - Integrated Framework.  Based on this evaluation,
our management, with the participation of the President, concluded that, as of December 31, 2007, our internal control over financial reporting
was not effective. The Company's material weaknesses in internal control are due to the lack of segregation of duties and the lack of
accounting expertise in the supervision of the financial reporting process.  However, the Company believes the costs of remediation
outweigh the benefits given the limited operations of the company. This annual 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 annual report. (b)  Changes in Internal Control over Financial Reporting.  There were no changes in the Company's
internal controls over financial reporting, known to the chief executive officer or the chief financial officer, that occurred during
 the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Company's internal
control over financial reporting. Item 8B. Other Information There are no further disclosures. All information that was required to be disclosed in a Form 8-K during the fourth quarter, 2007 has been disclosed. PART III Item 9.  Directors, Executive Officers, Promoters and Control Persons; Compliance With Section 16(a) of the Exchange Act. The following table sets forth the name, age, position and office term of each executive officer and director of the Company. Name
Age
Position
Director or Officer SinceDaniel Drummond
55
Sole officer and Director
February 27, 2008Randy Zundel
52
President and Director
June 2006 - February 2008Swen Mortenson
58
Secretary and Director
June 2006 - February 2008 All officers hold their positions at the will of the Board of Directors.  All directors hold their positions for one year or until their successors are elected and qualified. Set forth below is certain biographical information regarding the Company's executive officer and director: Daniel D. Drummond, Sole Officer and Director.  Mr. Drummond graduated with a Bachelor of Science degree from the United States Military Academy at West Point in 1975.  Following a military career with the U.S. Army, Mr. Drummond held positions with various companies in marketing, consulting and operations.  From April 2003 until December 2003, Mr. Drummond was Vice President of Systems Development for two start-up companies, PoweRX Pharmacy, a pain-management pharmacy, and PoweRx Technologies, a company specializing in the development of handheld prescription-writing applications and systems.  Since February 2004, Mr. Drummond has been a member of Tryant, LLC., a firm specializing in mergers and acquisitions.  Mr. Drummond is currently the sole officer and director of Wren, Inc., an internet marketing company, and is the president and director of UAGH, Inc., a development stage company. Randy Zundel was our Vice President.  Mr. Zundel, age 52 has served as the CEO of ECO Cath-Lab Systems, Inc. for the past 3 years. ECO Cath-Labs is a start up medical device company. Mr. Zundel held various positions with OEC Medical Systems from 1981 to 2000. His final position was that of COO and CFO. The company was sold to General Electric in 2000. Mr. Zundel graduated from Utah State University in 1978, with a Bachelor Degree in Accounting. Swen Mortenson was our Secretary.  Mr. Mortenson, age 57, has been the managing partner of Mortenson & Wyatt CPA Firm for over five years.  Mr. Mortenson graduated from Steven Henagers Business College in 1971, with an Associated Degree in Professional Accounting and Business. The Company has no audit committee financial expert, as defined under Section 228.401, serving on its audit committee because it has no audit committee and is not required to have an audit committee because it is not a listed security as defined in Section 240.10A-3. Item 10.  Executive Compensation The following table sets forth certain summary information concerning the compensation paid or accrued for each of the Registrant's last three completed fiscal years to the Registrant's or its principal subsidiaries chief executive officers and each of its other executive officers that received compensation in excess of $100,000 during such period (as determined at December 31, 2007, the end of the Registrant's last completed fiscal year). SUMMARY COMPENSATION TABLEName and principal position
  Year
  Salary
  ($)
  Bonus
  ($)
  Stock
  Awards
  ($)
  (4)
  Option
  Awards
  ($)
  (4)
  Non-
Equity
Incentive
Plan
Compen-
sation
($)

  Nonquali-
fied
Deferred
Compen-
sation
 Earnings
($)
  All
  Other
 Compen-
sation
  ($)
  Total
  ($)Randy Zundel
  President/Director
  2007
  2006
  2005
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-Daniel Drummond
  Sole Officer/Director
  2007
  2006
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-Swen Mortenson
  Secretary/Director
  2007
  2006
  2005
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0-
  -0- There are no compensatory plans or arrangements, including payments to be received from the Company, with respect to any person named in Cash Compensation set out above which would in any way result in payments to any such person's termination of employment with the Company or any change in control of the Company, or a change in the person's responsibilities following a change in control of the Company. No retirement, pension, profit sharing, stock option or insurance programs or other similar programs have been adopted by the Company for the benefit of its employees. Compensation of Directors There are no agreements to compensate any of the directors for their services. Our officers and directors are reimbursed for expenses incurred on our behalf.  Our officers and directors will not receive any finder's fee as a result of their efforts to implement the business plan outlined herein.  However, our officers and directors anticipate receiving benefits as beneficial shareholders of our common stock. We have not adopted any retirement, pension, profit sharing, stock option or insurance programs or other similar programs for the benefit of our employees. Employment Contracts and Termination of Employment and Change in Control Arrangement. There are no compensatory plans or arrangements, including payments to be received from the Company, with respect to any person named in Executive Compensation set out above which would in any way result in payments to any such person because of his resignation, retirement, or other termination of such person's employment with the Company or its subsidiaries, or any change in control of the Company, or a change in the person's responsibilities following a change of control of the Company. Item 11.  Security Ownership of Certain Beneficial Owners and Management. The following table sets forth as of April 11, 2008, the number and percentage of the 2,302,200 shares of outstanding common stock which, according to the information supplied to the Company, were beneficially owned by (i) each person who is currently a director of the Company, (ii) each executive officer, (iii) all current directors and executive officers of the Company as a group and (iv) each person who, to the knowledge of the Company, is the beneficial owner of more than 5% of the outstanding common stock.  Except as otherwise indicated, the persons named in the table have sole voting and dispositive power with respect to all shares beneficially owned, subject to community property laws where applicable. Title ofName and Address ofAmount and Nature ofPercentage of ClassClassBeneficial OwnerBeneficial OwnershipCommonDaniel D. Drummond (1)1,220,00053%P. O. Box 5005, PMB 42Rancho Santa Fe, CA  92067Total Officers and Directors1,220,00053%As a Group (1 Person)  (1) Officer and/or director. These shares are owned by Tryant, LLC. Daniel Drummond is a managing director of Tryant, LLC and these shares are considered to be beneficially controlled by Mr. Drummond. There are no contracts or other arrangements that could result in a change of control of the Company. Item 12.  Certain Relationships and Related Transactions. We utilize office space at the business of Swen Mortenson, a former officer and director, to conduct our activities at no charge. Item 13.  Exhibits and Reports on Form 8-K.  (a)  Exhibits  The Company has adopted a code of ethics that applies to the Company's principal executive officer, principal financial officer, principal accounting officer or controller.  The Company will provide, at no cost, a copy of the Code of Ethics to any shareholder of the Company upon receiving a written request sent to the Company's address shown on Page 1 of this report.  Exhibit #DescriptionLocationExhibit 3(i)Articles of Incorporation*Exhibit 3(i)(a)Amendments to the Articles of IncorporationAttachedExhibit 3(ii)Bylaws*Exhibit 14Code of EthicsAttachedExhibit 31Certification of the Principal Executive Officer andAttachedPrincipal Financial Officer pursuant to Section 302of the Sarbanes-Oxley Act of 2002Exhibit 32Certification of the Principal Executive Officer andAttachedPrincipal Financial Officer pursuant to U.S.C. Section 1350as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**  *  These exhibits are incorporated herein by reference to the
Company's Form 10-KSB for the year ended December 31, 1998, filed with the Securities and Exchange Commission on December 3, 1999.  **  The Exhibit attached to this Form 10-KSB shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.  (b)  Reports on Form 8-K.  The Company filed a Form 8-K subsequent to the date of this report on February 14, 2008 reporting Item 4.01. The Company filed a Form 8-K subsequent to the date of this report on February 29, 2008 reporting Item 5.02. Item 14. Principal Accountant Fees and Services Audit Fee The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal
account for the audit of Prestige Capital Corp's annual financial statement and review of financial statements included in
Prestige Capital Corp's 10-QSB reports and services normally provided by the accountant in connection with statutory and
regulatory filings or engagements were $3,540 for fiscal year ended 2006 and $7,500 for fiscal year ended 2007. Audit-Related Fees There were no fees for other audit related services for fiscal years ended 2007 and 2006. Tax Fees There were no fees for tax compliance, tax advice and tax planning for the fiscal years 2007 and 2006. All Other Fees There were no other aggregate fees billed in either of the last two fiscal years for products and services provided by the principal accountant, other than the services reported above. We do not have an audit committee currently serving and as a result our board of directors performs the duties of an audit committee.  Our board of directors will evaluate and approve in advance, the scope and cost of the engagement of an auditor before the auditor renders audit and non-audit services.  We do not rely on pre-approval policies and procedures.  SIGNATURES  In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  Prestige Capital Corporation  Date: April 15, 2008 /s/ Daniel D. Drummond Daniel D. Drummond Chief Executive Officer and Chief Financial Officer  In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.  Date: April 15, 2008 /s/ Daniel D. Drummond Daniel D. Drummond Director            We have audited the accompanying balance sheet of Prestige Capital Corporation
[a development stage company] as of December 31, 2007, and the related statements
of operations, stockholders' deficit, and cash flows for the year ended December 31,
2007. These financial statements are the responsibility of the Company's management.
Our responsibility is to express an opinion on these financial statements based on our audit.  We conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Company has determined that it
is not required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. Our audit included consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable basis for our opinion.  In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Prestige Capital Corporation
as of December 31, 2007, and the results of operations and cash flows for the
year ended December 31, 2007, in conformity with accounting principles generally
accepted in the United States of America.  The accompanying financial statements have been prepared assuming that
Prestige Capital Corporation will continue as a going concern. As discussed
in Note 3 to the financial statements, the Company has incurred losses since
its inception and has no revenue-generating activities. These issues raise
substantial doubt about its ability to continue as a going concern. Management's plans
in regard to these matters are also described in Note 3. The financial statements do
not include any adjustment that might result from the outcome of this uncertainty.      F-1       REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  To the Board of Directors and Stockholders of Prestige Capital Corporation  I have audited the accompanying statements of operations, stockholders' equity, and cash flows
 of Prestige Capital Corporation (a development stage company) for the year ended December 31, 2006
and for the period from January 1, 2003 through December 31, 2006.  These financial statements are the
responsibility of the company's management.  My responsibility is to express an opinion on these financial
statements based on my audits.  The financial statements of Prestige Capital Corporation for the period from
 inception on February 7, 1986 through December 31, 2002, were audited by other auditors whose report, dated
 February 18, 2003, on those statements included an explanatory paragraph that described conditions which
 raised substantial doubt about the ability of the company to continue as a going concern.

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

In my opinion, the financial statements referred to above present fairly, in all material
respects, the results of operations and cash flows of Prestige Capital Corporation for the
year ended December 31, 2006 and for the period from January 1, 2003 through December 31, 2006
in conformity with accounting principles generally accepted in the United States of America.  /s/Michael J. Larsen, PC  Salt Lake City, Utah August 2, 2007     F-2    PRESTIGE CAPITAL CORPORATION [A Development Stage Company] Balance Sheet   December 31,Assets
  2007Current AssetsCash
  $                15Prepaid Expenses
  -Total Current Assets
  15Total Assets
  $               15Liabilities and
  Stockholders' Equity (Deficit)Current LiabilitiesAccounts Payable
  $           1,442Accrued Interest
  526Shareholder Loans
  17,659Total Current Liabilities
  19,627Stockholders' Equity
  (Deficit)Preferred Stock,
  10,000,000 shares authorized,no shares issued and
  outstandingCommon stock, $.001 par value,100,000,000 shares authorized2,302,200 issued and outstandingat December 31, 2007
  2,302Capital in excess of
  par value
  385,657Deficit accumulated
  during the development stage
  (407,571)Total Stockholders'
  Equity (Deficit)
  (19,612)Total Liabilities and
  Stockholders' Equity (Deficit)
  $                15 The accompanying notes are an
integral part of these financial statements. F-3     PRESTIGE CAPITAL CORPORATION [A Development Stage Company] Statements of Operations For the Years Ended December 31, 2007 and 2006 and for the Period from Inception [February 7, 1986] through December 31, 2007   From Inception February 7, 1986, through December
  31,2007
  2006
  2007Revenues
  $        -
  $        -
  $        -Operating ExpensesGeneral and
  Administrative
  22,729
  438
  130,868Loss from Operations
  (22,729)
  (438)
  (130,868)Other Income (Expense)Related Party Interest
  Expense
  (526)
  (635)
  (27,209)Related Party Interest
  Income
  -
  506
  506Loss on Disposal of
  Assets
  -
  -
  (250,000)Total Other Income
  (Expense)
  (526)
  (129)
  (276,703)Net Loss before income
  taxes
  (23,255)
  (567)
  (407,571)Income Taxes
  -
  -
  -Net Loss
  $ (23,255)
  $ (567)
  $ (407,571)Basic and Diluted Loss per
  Share
  (0.01)
  (0.00)Basic and Diluted Weighted
  Average Shares Outstanding
  2,302,200
  2,174,079 The accompanying notes are an
integral part of these financial statements. F-4    PRESTIGE CAPITAL CORPORATION [A Development Stage Company] Statements of Cash Flows For the Years Ended December 31, 2007 and 2006 and for the Period from Inception [February 7, 1986] through December 31, 2007   From Inception February 7,
  1986, through December 31,2007
  2006
  2007OPERATING ACTIVITIESNet Loss
  $   (23,255)
  $        (567)
  $   (407,571)Adjustments to reconcile
  Net Lossto net cash used by
  operating activitiesImputed related party
  interest expense
  -
  635
  5,261Loss from disposal of
  assets
  -
  -
  250,000Stock issued for services
  -
  -
  25,521Changes in assets and
  liabilities(Increase) in Inventory
  -
  -
  (165,000)(Increase) Decrease in
  Prepaid Expenses
  3,500
  (3,500)
  -Increase (decrease) in
  Accounts Payable
  1,421
  (5,135)
  1,442Increase in Accrued
  Interest
  526
  -
  22,005Net cash used by Operating
  Activities
  (17,808)
  (8,567)
  (268,342)INVESTING ACTIVITIESLoan to shareholder
  -
  (5,194)
  (5,194)Repayment of loan to
  shareholder
  -
  5,194
  5,194Net cash provided by Investing
  Activities
  -
  -
  -FINANCING ACTIVITIESProceeds from related party
  loans
  17,659
  806
  51,465Repayment of related party
  loans
  -
  (12,806)
  (12,806)Proceeds from issuance of
  common stock
  -
  25,000
  233,967Repurchase of common stock
  -
  (4,269)
  (4,269)Net cash provided by Financing
  Activities
  17,659
  8,731
  268,357Net Cash Increase
  (Decrease) for Period
  (149)
  164
  15Cash at Beginning of Period
  164
  -
  -Cash at End of Period
  $ 15
  $ 164
  $ 15  Cash paid during the
  period forInterest
  
  $  -
  $  -
  $  -Income taxes
  
  $  -
  $  -
  $  -  Noncash investing and
financing activities: None for the years ended
December 31, 2007 and 2006. The accompanying notes are an
integral part of these financial statements. F-5    PRESTIGE CAPITAL CORPORATION [A Development Stage Company] Statement of Stockholders' Equity (Deficit) From the Date of Inception on February 7, 1986 Through December 31, 2007  Deficit Accumulated During
  the Development StageCapital in Excess of Par
  ValueCommon StockShares
  Amount_____________________________________
  ____________
  ____________
  ____________
  ____________BALANCE, February 7, 1986
  -
  $                   -
  $                   -
  $                   -Issuance of common stock
  for cash at $0.0167per share, February 7,
  1986
  300,000
  300
  4,700
  -Issuance of common stock
  for cash at $8.33per share, March 16, 1987
  30,000
  30
  249,970
  -Stock issuance costs
  -
  -
  (46,133)
  -Reduction of insider shares
  (280,000)
  (280)
  280
  -Issuance of common stock
  for film recordedat predecessor's cost at
  $2.50 per share,July 21, 1989
  24,000
  24
  59,976
  -Net loss for the period
  from inception onFebruary 7, 1986 through December
  31, 1995
  -
  -
  -
  (306,798)BALANCE, December 31, 1995
  74,000
  74
  268,793
  (306,798)Net loss for the year ended
  December 31, 1996
  -
  -
  -
  (2,000)BALANCE, December 31, 1996
  74,000
  74
  268,793
  (308,798)Net loss for the year ended
  December 31, 1997
  -
  -
  -
  (2,000)BALANCE, December 31, 1997
  74,000
  74
  268,793
  (310,798)Issuance of common stock
  for cash at $0.05per share, December 31,
  1998
  2,000
  2
  98
  -Net loss for the year ended
  December 31, 1998
  -
  -
  -
  (11,355)BALANCE, December 31, 1998
  76,000
  76
  268,891
  (322,153)Issuance of common stock
  for debt and servicesat $0.05 per share,
  September 14, 1999
  1,860,000
  1,860
  91,140
  -Net loss for the year ended
  December 31, 1999
  -
  -
  -
  (37,191)BALANCE, December 31, 1999
  1,936,000
  1,936
  360,031
  (359,344)Net loss for the year ended
  December 31, 2000
  -
  -
  -
  (7,993)BALANCE, December 31, 2000
  1,936,000
  1,936
  360,031
  (367,337)Net loss for the year ended
  December 31, 2001
  -
  -
  -
  (4,753)BALANCE, December 31, 2001
  1,936,000
  1,936
  360,031
  (372,090)Imputed related party
  interest expense
  -
  -
  1,026
  -Net loss for the year ended
  December 31, 2002
  -
  -
  -
  (6,338)BALANCE, December 31, 2002
  1,936,000
  1,936
  361,057
  (378,428)Imputed related party
  interest expense
  -
  -
  1,200
  -Net loss for the year ended
  December 31, 2003
  -
  -
  -
  (2,652)BALANCE, December 31, 2003
  1,936,000
  1,936
  362,257
  (381,080)Imputed related party
  interest expense
  -
  -
  1,200
  -Net loss for the year ended
  December 31, 2004
  -
  -
  -
  (1,344)BALANCE, December 31, 2004
  1,936,000
  1,936
  363,457
  (382,424)Imputed related party
  interest expense
  -
  -
  1,200
  -Net loss for the year ended
  December 31, 2005
  -
  -
  -
  (1,325)BALANCE, December 31, 2005
  1,936,000
  1,936
  364,657
  (383,749)Issuance of common stock
  for cash atapproximately $0.0205 per
  share, June 2006
  1,220,000
  1,220
  23,780
  -Repurchase of common stock
  at $0.005 pershare, July 2006
  (853,800)
  (854)
  (3,415)
  -Imputed related party
  interest expense
  -
  -
  635
  -Net loss for the year ended
  December 31, 2006
  -
  -
  -
  (567)BALANCE, December 31, 2006
  2,302,200
  2,302
  385,657
  (384,316)Net loss for the year ended
  December 31, 2007
  -
  -
  -
  (23,255)BALANCE, December 31, 2007
  2,302,200
  $    2,302
  $        385,657
  $       (407,571)   The accompanying notes are an
integral part of this financial statement. F-6    PRESTIGE CAPITAL CORPORATION [A Development Stage Company]  Notes to Financial Statements  NOTE 1   ORGANIZATION Organization  - Prestige Capital Corporation ("the Company") was
organized under the laws of the State of Utah on February 7, 1986 under the
name of Hood Ventures, Inc.  On December 31, 1998, the name was changed to
Prestige Capital Corporation.  On December 31, 1998, Hood Ventures, Inc. of Utah merged with Prestige Capital Corporation, a Nevada Corporation, leaving the Nevada
Corporation as the surviving company.  The Company currently has no revenue-generating
activities and is considered a development stage company as defined in
Statement of Financial Accounting Standards No. 7.  The Company is currently
seeking business opportunities or potential business acquisitions. The Company
does not intend to pay dividends in the foreseeable future. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESa. Accounting Method  
The Company's financial statements are prepared using accounting principles
generally accepted in the United States. b. Provision for TaxesThe Company accounts for income taxes using the asset and liability method.
Under this method, income taxes are provided for amounts currently payable and
for amounts deferred as tax assets and liabilities based on differences between
the financial statement carrying amounts and the tax basis of existing assets
and liabilities. Deferred income taxes are measured using the enacted tax rates
that are assumed will be in effect when the differences reverse. 
In June 2006, the FASB issued Interpretation No. 48 "Accounting for Uncertainty in
Income Taxes, and Interpretation of FASB Statement No. 109" (FIN 48).  We adopted FIN
48 on January 1, 2007.  Under FIN 48, tax benefits are recognized only for tax positions
that are more likely than not to be sustained upon examination by tax authorities.  The
amount recognized is measured as the largest amount of benefit that is greater than 50
percent likely to be realized upon ultimate settlement.  Unrecognized tax benefits are
tax benefits claimed in our tax returns that do not meet these recognition and measurement standards.

Upon the adoption of FIN 48, we had no liabilities for unrecognized tax benefits and, as
such, the adoption had no impact on our financial statements, and we have recorded no
additional interest or penalties.  The adoption of FIN 48 did not impact our effective tax rates.

Our policy is to recognize potential interest and penalties accrued related to unrecognized
tax benefits within income tax expense.  For the year ended December 31, 2007, we did not
recognize any interest or penalties in our Statement of Operations, nor did we have any
interest or penalties accrued in our Balance Sheet at December 31, 2007 relating to unrecognized benefits.

The tax years 2004-2007 remain open to examination for federal income tax purposes and
by the other major taxing jurisdictions to which we are subject.
c. Cash EquivalentsThe Company considers all highly liquid investments with a maturity of
three months or less when purchased to be cash equivalents. F-7    d. Estimates   e. Basic Loss Per Common Share   f. Impact of New Accounting Standards          F-8    NOTE 3   GOING CONCERN The accompanying financial
statements have been prepared in conformity with generally accepted accounting
principles in the United States of America, which contemplate continuation of
the Company as a going concern.  However, the Company has incurred losses since
its inception and has no revenue-generating activities.  These factors raise
substantial doubt about the ability of the Company to continue as a going
concern.  In this regard, management is seeking potential business
opportunities and is proposing to raise any necessary additional funds not
provided by operations through loans and/or through additional sales of its common
stock.  There is no assurance that the Company will be successful in raising
additional capital or achieving profitable operations.  The financial
statements do not include any adjustments that might result from the outcome of
these uncertainties. NOTE 4   RELATED PARTY
TRANSACTIONS Shareholder Loan Receivable -
In October 2006, the Company loaned $5,194 to a shareholder of the Company. In
November and December 2006, the shareholder repaid the $5,194 loan with
interest of $506. Shareholder
Loans - During the years ended December 31, 2007 and 2006, respectively, $17,659
and $806 was loaned by shareholders of the Company and $0 and $12,806 was
repaid to the shareholders.  As of December 31, 2007, the amount due to the
shareholders was $17,659.  The interest expense on the loans was $526 and $635
for the years ended December 31, 2007 and 2006, respectively. The above
mentioned shareholder loans were due on demand and had interest imputed at an
annual rate of 12%. Management Compensation -
During the years ended December 31, 2007 and 2006, the Company did not pay any
compensation to any officer/directors of the Company. Office Space - The Company
has not had a need to rent office space.  An officer/shareholder of the Company
is allowing the Company to use his office as a mailing address, as needed, at
no cost to the Company. Stock Issuances - In July 1989, 24,000 shares of common stock were issued to officers and directors of
the Company for the purchase of a film valued at $60,000 ($2.50 per share). In September 1999, 1,860,000
shares of common stock were issued to related parties in exchange for debt of
$67,479 and services valued at $25,521 ($0.05 per share). Repurchase of Stock - In July
2006, 853,800 shares of common stock were repurchased for cancellation by the
Company from related parties for $4,269 cash ($0.005 per share). NOTE 5   COMMON STOCK In June 2006, 1,220,000
shares of common stock were issued for $25,000 cash (approximately $0.0205 per
share). In February 1986, 300,000
shares of common stock were issued for $5,000 cash ($0.0167 per share).  280,000
shares were later returned for cancellation. In March 1987, 30,000 shares
of common stock were issued for $250,000 cash ($8.33 per share).  Stock
offering costs of $46,133 were netted against the proceeds. Stock Splits - In May 1987,
the Board of Directors of the Company approved a 150 for 1 forward stock split
and on December 15, 1998, the Board of Directors of the Company approved a 1
for 500 reverse stock split.  On February 6, 2008, the Company completed a 1 for 5
reverse stock split. The financial statements have been restated, for all
periods presented, to reflect these stock splits. F-9    NOTE 6   INCOME TAXES The Company accounts for
income taxes in accordance with Statement of Financial Accounting Standards No.
109 "Accounting for Income Taxes".  SFAS No. 109 requires the Company to
provide a net deferred tax asset/liability equal to the expected future tax
benefit/expense of temporary reporting differences between book and tax accounting
methods and any available net operating loss or tax credit carryforwards.  At
December 31, 2007, the Company has available unused net operating loss
carryforwards of approximately $30,855, which may be applied against future
taxable income and which expire in various years from 2020 through 2027.  Due
to a substantial change in the Company's ownership during June 2006, there will
be a $431 annual limitation on the amount of previous net operating loss carryforwards
which can be utilized. The amount
of and ultimate realization of the benefits from the net operating loss
carryforwards for income tax purposes is dependent, in part, upon the tax laws
in effect, the future earnings of the Company, and other future events, the
effects of which cannot be determined.  Because of the uncertainty surrounding
the realization of the net operating loss carryforwards, the Company has
established a valuation allowance equal to the tax effect of the net operating
loss carryforwards and, therefore, no deferred tax asset has been recognized
for the net operating loss carryforwards.  The net deferred tax assets are
approximately $4,628 and $1,140 as of December 31, 2007 and 2006, respectively,
with an offsetting valuation allowance of the same amount resulting in a change
in the valuation allowance of approximately $3,488 during the year ended December
31, 2007.  
    2007
    2006Statutory Rate (Expense)
    (15%)
    (15%)Tax Effects of:Related Party imputed interest
    0%
    17%Valuation Allowance
    15%
    (2%)Reported provision for Income Taxes    

    0%
    0%  NOTE 7  SUBSEQUENT EVENTS On February 6, 2008 the Company completed a 5 to 1 reverse
stock split of its common stock. All share amounts presented in the financial
statements have been retroactively stated to reflect this stock split. F-10