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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



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FORM 10-KSB/A

Amendment No. 1



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|x | ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------

For the fiscal year ended December 31, 2006



| ̈ | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------

Commission file number 000-51423



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OAKMONT ACQUISITION CORP.

(Name of
Small Business Issuer in Its Charter)



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|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Delaware                                                       |  | 20-2679740                          
|(State or Other Jurisdiction of Incorporation or Organization) |  | (I.R.S. Employer Identification No.)

33 Bloomfield Hills Parkway, Suite 240

Bloomfield Hills, MI 48304

(Address
of Principal Executive Office)

(248) 594-0693

(Issuers Telephone Number, Including Area Code)

Securities registered under
Section 12(b) of the Exchange Act: None

Securities registered under Section 12(g) of the Exchange Act:

Units consisting of one share of Common Stock,

par value $.0001 per share, and two Warrants

Common Stock, par value $.0001 per share

Warrants to purchase shares of Common Stock

(Title of Class)



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Check whether issuer is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. ̈

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.    (1) Yes  x    No ̈(2) 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. ̈

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: None

The
aggregate market value of voting and non-voting common equity held by non-affiliates of registrant based upon the average bid and asked sale price on March 2, 2006: $47,763,675.

The number of shares outstanding of each of the issuers classes of common equity, as of March 2, 2007: 10,575,166.

DOCUMENTS INCORPORATED BY REFERENCE

None.

Transitional Small Business Disclosure Format (Check one):    Yes ̈No  x



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Explanatory Note

This Amendment No. 1 on Form 10-KSB/A is being filed by Oakmont Acquisition Corp. (the Company) to amend and restate Part II, Item 8A Controls and Procedures of its Annual Report on
Form 10-KSB for the year ended December 31, 2006, as filed with the Securities and Exchange Commission on March 14, 2007 (the Report), to clarify disclosures contained in Item 8A of the Report. This amendment to the Report
does not alter any part of the Report except for the changes provided herein. This amendment continues to speak as of the date of the Report. We have not updated the disclosures contained in this amendment to reflect any events that occurred at a
date subsequent to the filing of the Report. The filing of this amendment is not a representation that any statement contained in the Report or this amendment are true or complete as of any date subsequent to the date of the Report. This amendment
does not affect the information set fort in the other items of the Report, the remaining provisions of which have not been amended.



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Part II



|Item 8A. | Controls and Procedures.
|-------- | ------------------------

Under the supervision and with the
participation of our senior management, including our Principal Accounting Officer, who performs the function of a chief financial officer, and our Chief Executive Officer, we conducted an evaluation of the effectiveness of the design and operation
of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, as of the period covered by this annual report (the Evaluation Date). Based on this evaluation,
our Chief Executive Officer and Principal Accounting Officer concluded as of the Evaluation Date that our disclosure controls and procedures were effective such that information relating to the Company, including consolidated subsidiaries, required
to be disclosed in our Securities and Exchange Commission reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to the Companys
management, including our Chief Executive Officer and Principal Accounting Officer, as appropriate to allow timely decisions regarding required disclosure.

There has not been any change in our internal control over financial reporting in connection with the evaluation required by Rule 13a-15(d) under the Exchange Act that occurred during the year ended December 31, 2006, that has
materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.



Part III



|Item 13. | Exhibits
|-------- | --------



| | (a) | The following documents are filed as part of this amended Annual Report on Form 10-KSB/A.
| | --- | -----------------------------------------------------------------------------------------





|            |  |                                                                                                         
|----------- |  | --------------------------------------------------------------------------------------------------------
|Exhibit No. |  | Description                                                                                             
|31.1        |  | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 
|            | 
|31.2        |  | Certification of Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|            | 
|32.1        |  | Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 
|            | 
|32.2        |  | Certification of Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



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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.



| |  |                                 |  |                                      |  | 
| |  | ------------------------------- |  | ------------------------------------ |  | 
| |  | OAKMONT ACQUISITION CORPORATION
| |  |                                 | 
| |  | By:                             |  | /s/ Robert J. Skandalaris            |  | 
| |  |                                 |  | Robert J. Skandalaris                |  | 
| |  |                                 |  | Chairman and Chief Executive Officer |  | 
| |  | Date:                           |  | June 14, 2007                        |  | 



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EXHIBIT INDEX



|            |  |                                                                                                         
|----------- |  | --------------------------------------------------------------------------------------------------------
|Exhibit No. |  | Description                                                                                             
|31.1        |  | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 
|            | 
|31.2        |  | Certification of Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|            | 
|32.1        |  | Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 
|            | 
|32.2        |  | Certification of Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



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