**UNITED
        STATES SECURITIES**
 **AND
        EXCHANGE COMMISSION**
 Washington,
        D.C. 20549
 
 **FORM
        10-KSB**
 
 [X]              ANNUAL
        REPORT UNDER SECTION 13 OR 15 OF THE SECURITIES EXCHANGE ACT OF1934
  For
        the
        fiscal year ended October 31, 2007
 
 Commission
        file
        number:******000-52447**
 
 [  ]              TRANSITION
        REPORT UNDER SECTION 13 OR 15 OF THE SECURITIES EXCHANGE ACT OF1934
 
 **AMBERMAX
        CORPORATION**
 (Name
        of
        small business issuer in its charter)
 
 **COLORADO**
 (State
        or
        Other Jurisdiction of Incorporation or Organization)
 
 **56-2592933**
 (I.R.S.
        Employer Identification No.)
 
 **16200
                  WCR 18E, Loveland, Colorado**
              
              **80537**(Address
                  of Principal Executive Office)
              
              (Zip
                  Code)
 
 Issuer's
        telephone number: **970-635-0346**
 
 Securities
        Registered Under Section 12(b) of the Act: None
 
 Securities
        Registered Under Section 12(g) of the Act:
 **Common
        Stock, No Par Value**
 (Title
        of
        Class)
  Check
          whether the issuer (1) filed all reports required to be filed by Section
          13 or
          15(d) of the Securities 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. [ ]
 
 State
          issuer's revenues for its most recent fiscal year: None.
 
 The
          aggregate market value of the voting stock held by non-affiliates (325,000
          shares of no par value Common Stock) was $0 as of October 31, 2007. The
          stock
          price for computation purposes was $-0-, based on the fact that there is
          presently no Market for the Company's securities. This value is not intended
          to
          be a representation as to the value or worth of the Registrant's shares
          of
          Common Stock. The number of shares of non-affiliates of the Registrant
          has been
          calculated by subtracting shares held by persons affiliated with the Registrant
          from outstanding shares.
 
 The
          number of shares outstanding of the Registrant's Common Stock as of the
          latest
          practicable date, November 30, 2007 was 1,125,000 shares.
 
 
 INDEX
          TO
          ANNUAL REPORT
 ON
          FORM
          10-KSB
 
 
 
 
 PagePART
                    IItem
                    1. DESCRIPTION OF BUSINESS
                1Item
                    2. DESCRIPTION OF PROPERTY
                9Item
                    3. LEGAL PROCEEDINGS
                9Item
                    4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
                9PART
                    IIItem
                    5. MARKET FOR COMMON EQUITY , RELATED STOCKHOLDER MATTERS AND
                    SMALL
                    BUSINESS ISSUER PURCHASE OF EQUITY SECURITIES
                9Item
                    6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
                    OPERATION
                10Item
                    7. FINANCIAL STATEMENTS
                F-1Item
                      8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
                      AND
                      FINANCIAL DISCLOSURE
                11Item
                    8A CONTROLS AND PROCEDURES
                11Item
                    8B OTHER INFORMATION
                11PART
                    IIIItem
                    9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
                    COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT
                11Item
                    10. EXECUTIVE COMPENSATION
                11Item
                    11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
                    AND
                    RELATED STOCKHOLDER MATTERS
                11Item
                    12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
                12Item
                    13. EXHIBITS AND REPORTS ON FORM 8-K
                12Item
                    14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
                13SIGNATURES
                13
 
  
  PART
          I
 
 The
          matters addressed in this report on Form 10-KSB, with the exception of
          the
          historical information presented, contain forward-looking statements involving
          risks and uncertainties. The Company's actual results could differ materially
          from those anticipated in these forward-looking statements as a result
          of
          certain factors, including those factors set forth in the Description of
          Business section (Item 1) and elsewhere in this report.
 
 Item
          1.
          DESCRIPTION OF BUSINESS
 
 (a)
          History of the Company
  Ambermax
          Corporation (the Company or the “Registrant”), was incorporated on June 19, 2006
          under the laws of the State of Colorado to engage in any lawful corporate
          undertaking, including selected mergers and acquisitions. Our principal
          business
          address is 16200 WCR 18E, Loveland, Colorado 80537. Our phone number is
          970-635-0346 The Company has been in the developmental stage since inception
          and
          has no operations to date; its only activity has been issuing shares to
          its
          original shareholders. We remained inactive through November 30,
          2007.
 
 Our
          only
          activity to date has been to attempt to locate and negotiate with a business
          entity for the merger of that target company into our Company.
 
 (b)
          Current Operations
 
 Our
          current operations consist solely of seeking merger or acquisition
          candidates.
 
 We
          will
          attempt to locate and negotiate with a business entity for the merger of
          that
          target company into the Company or a wholly owned subsidiary of the Company
          formed for the purpose of such a merger. 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 a transaction with any target
          company.
 
 We
          have
          attempted to 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.
 
 We
          believe there are certain perceived benefits to being a reporting company
          with a
          class of publicly-traded securities. These benefits are commonly thought
          to
          include the following:
 
 *  the
          ability to use registered securities to acquire assets or
          businesses;
 
 *   increased
          visibility in the marketplace;
 
 *  ease
          of borrowing from financial institutions;
 
 *  improved
          stock trading efficiency;
 
 *  shareholder
          liquidity;
 
 *-
                1 -*
 
 
 
 *  greater
          ease in subsequently raising capital;
 
 *  compensation
          of key employees through stock options;
 
 *  enhanced
          corporate image;
 
 *  a
          presence in the United States capital market.
 
 Target
          companies interested in a business combination with the Company may include
          the
          following:
 
 *  a
          company for whom a primary purpose of becoming public is the use of its
          securities for the acquisition of other assets or businesses;
 
 *  a
          company which is unable to find an underwriter of its securities or is
          unable to
          find an underwriter of securities on terms acceptable to it;
 
 *  a
          company which desires to become public with less dilution of its common
          stock
          than would occur upon an underwriting;
 
 *  a
          company which believes that it will be able to obtain investment capital
          on more
          favorable terms after it has become public;
 
 *  a
          foreign company which may wish an initial entry into the United States
          securities market;
 
 *  a
          special situation company, such as a company seeking a public market to
          satisfy
          redemption requirements under a qualified Employee Stock Option
          Plan;
 
 *  a
          company seeking one or more of the other mentioned perceived benefits of
          becoming a public company.
 
 A
          business combination with a target company will normally involve the transfer
          to
          the target company of the majority of the issued and outstanding common
          stock of
          the Company, and the election by the target business of its own management
          and
          board of directors.
 
 The
          proposed business activities described herein classify the Company as a
          "blank
          check" company. The Securities and Exchange Commission and many states
          have
          enacted statutes, rules and regulations limiting the sale of securities
          of blank
          check companies. At the present time, there is no market for the Company's
          securities.
 
 (c)
          Risks
          Related to the Plan of Operation
 
 The
          Company's business is subject to numerous risk factors, including the
          following:
 
 
 *-
                2 -*
 
 WE
          HAVE
          NO RECENT OPERATING HISTORY, NO OPERATING REVENUES, AND WE HAVE MINIMAL
          ASSETS.
          The Company has had no operations nor any revenues or earnings from operations.
          The Company has only limited assets and financial resources. The Company
          will,
          in
          all  likelihood,  sustain  operating  expenses  without
          corresponding  revenues,  at least until the consummation of
          a business combination. This may result in the Company incurring a net
          operating
          loss which will increase  continuously until the Company can
          consummate a business combination with a target company. There is no assurance
          that the Company can identify such a target company and consummate such
          a
          business combination.
 
 THE
          SPECULATIVE NATURE OF OUR PROPOSED OPERATIONS. The success of the Company's
          proposed plan of operation will depend to a great extent on the operations,
          financial condition and management of the identified target company. While
          management  intends to seek
          business  combinations  with entities having established
          operating histories, there can be no assurance that the Company will be
          successful in locating candidates meeting such criteria. In the event the
          Company completes a business combination the success of the Company's operations
          may be dependent upon the management, operations, and financial condition
          of the
          target company, and numerous other factors beyond the Company's
          control.
 
 THERE
          IS
          A SCARCITY OF AND COMPETITION FOR BUSINESS  OPPORTUNITIES AND
          COMBINATIONS.  The Company is and will continue to be an insignificant
          participant in the business of seeking mergers with and acquisitions of
          business
          entities. A large number of established and well-financed entities, including
          venture capital firms, are active in mergers and acquisitions of companies
          which
          may be merger or acquisition target candidates for the Company. Nearly
          all such
          entities have significantly greater financial resources, technical expertise
          and
          managerial capabilities than the Company. Consequently, the Company will
          be at a
          competitive disadvantage in identifying possible business opportunities
          and
          successfully completing a business combination.
 
 WE
          HAVE
          NO AGREEMENT FOR ANY BUSINESS COMBINATION OR OTHER TRANSACTION. The Company
          has
          no arrangement, agreement or understanding with respect to engaging in
          a merger
          with or acquisition of a business entity. There can be no assurance the
          Company
          will be successful in identifying and evaluating suitable business opportunities
          or in concluding a business combination. Management has not identified
          any
          particular industry or specific business within an industry for evaluation
          by
          the Company. There is no assurance the Company will be able to negotiate
          a
          business combination on terms favorable to the Company. The Company has
          not
          established a specific length of operating history or a specified level
          of
          earnings, assets, net worth or other criteria which it will require a target
          business opportunity to have achieved to consider a business combination
          with
          it. Accordingly, the Company may enter into a business combination with
          a
          business entity having no significant operating history, losses, limited
          or no
          potential for earnings, limited assets, negative net worth or other negative
          characteristics.
 
 OUR
          MANAGEMENT HAS ONLY A LIMITED TIME COMMITMENT TO THE COMPANY. Our resident
          has
          several business interests and will devote a limited amount of his time
          to the
          Company's business. While seeking a business combination, our president
          anticipates devoting up to ten hours per month to the business of the Company.
          The Company's president has not entered into a written employment agreement
          with
          the Company and he is not expected to do so in the foreseeable future.
          We have
          not obtained key man life insurance on our president. Notwithstanding the
          combined limited experience and time commitment of our president, loss
          of the
          services of this individual would adversely affect development of the Company's
          business and its likelihood of continuing operations.
 
 *-
                3 -*
 
 
 
 OUR
          SOLE
          OFFICER AND DIRECTOR MAY HAVE CONFLICTS OF INTEREST WITH THE BUSINESS OF
          OUR
          COMPANY. The Company's sole officer and director participates in other
          business
          ventures which may result in conflicts of interest and non- arms length
          transactions arising in the future. Management has adopted a policy that
          the
          Company will not seek a merger with, or acquisition of, any entity in which
          any
          member of management serves as an officer, director or partner, or in which
          they
          or their family members own or hold any ownership interest.
 
 BEING
          A
          REPORTING COMPANY COMPLICATES AND COULD DELAY AN ACQUISITION. Section 13
          of the
          Securities Exchange Act of 1934 (the "Exchange Act") requires us to provide
          certain information about significant acquisitions including certified
          financial
          statements for the company acquired covering one or two years, depending
          on the
          relative size of the acquisition. The time and additional costs that may
          be
          incurred by some target companies to prepare such statements may significantly
          delay or essentially preclude consummation of an otherwise desirable acquisition
          by the Company. Acquisition prospects that do not have or are unable to
          obtain
          the required audited statements may not be appropriate for acquisition
          so long
          as the reporting requirements of the
 Exchange
          Act are applicable.
 
 WE
          HAVE A
          LACK OF MARKET RESEARCH AND NO MARKETING ORGANIZATION. We have neither
          conducted, nor have others made available to us, results of market research
          indicating that market demand exists for the transactions contemplated
          by the
          Company. Moreover, the Company does not have, and does not plan to establish,
          a
          marketing organization. Even in the event demand is identified for the
          type of
          merger or acquisition contemplated by the Company, there is no assurance
          the
          Company will be successful in completing any such business
          combination.
 
 CERTAIN
          REGULATIONS MAY APPLY TO OUR OPERATIONS. Although the Company will be subject
          to
          regulation under the Exchange Act, management believes the Company will
          not be
          subject to regulation under the Investment Company Act of 1940, insofar
          as the
          Company will not be engaged in the business of investing or trading in
          securities. In the event the Company engages in business combinations which
          result in the Company holding passive investment interests in a number
          of
 entities,
          the Company could be subject to regulation under the Investment Company
          Act of
          1940. In such event, the Company would be required to register as an investment
          company and could be expected to incur significant registration and compliance
          costs. We have not obtained a formal determination from the Securities
          and
          Exchange Commission as to the status of the Company under the Investment
          Company
          Act of 1940. If we inadvertently violate such Act, we could be subjected
          to
          material adverse consequences.
 
 THERE
          WILL BE A CHANGE IN MANAGEMENT. A business combination involving the issuance
          of
          the Company's common stock will, in all likelihood, result in shareholders
          of a
          target company obtaining a controlling interest in the Company. Any such
          business combination may require our Management to sell or transfer all
          or a
          portion of the Company's common stock held by them, and to resign as directors
          and officers of the Company. The resulting change in control of the Company
          will
          likely result in removal of the present officer and director of the Company
          and
          a corresponding reduction in or elimination of his participation in the
          future
          affairs of the Company.
 
 *-
                4 -*
 
 
 THE
          PLAN
          OF OPERATION PROVIDES FOR SUBSTANTIAL DILUTION TO OUR EXISTING SHAREHOLDERS
          AS A
          RESULT OF A MERGER. Our plan of operation is based upon a business combination
          with a business entity which, in all likelihood, will result in the Company
          issuing securities to shareholders of such business entity. The issuance
          of
          previously authorized and unissued common stock of the Company would result
          in a
          reduction in percentage of shares owned by the present shareholders of
          the
          Company and would most likely result in a change in control or management
          of the
          Company.
 
 WE
          MAY
          NOT BE ABLE TO ENGAGE IN A TAX FREE ACQUISITION. We intend to structure
          any
          business  combination so as to minimize the federal and state tax
          consequences to both the Company and the target entity. However, there
          can be no
          assurance that such a business combination will meet the statutory requirements
          of a tax-free reorganization or that the parties will obtain the intended
          tax-free treatment upon a transfer of stock or assets. A non- qualifying
          reorganization could result in the imposition of both federal and state
          taxes
          which may have an adverse effect on the parties to the transaction and
          therefore
          the transaction itself.
 
 THE
          REQUIREMENT OF AUDITED FINANCIAL  STATEMENTS MAY DISQUALIFY BUSINESS
          OPPORTUNITIES. Management of the Company will require any potential business
          combination entity to provide audited financial statements. One or more
          attractive prospects may choose to forego the possibility of a business
          combination with the Company rather than incur the expenses associated
          with
          preparing audited financial statements.
 
 Such
          audited financial statements may not be immediately available. In such
          case, the
          Company intends to obtain certain assurances as to the target company's
          assets,
          liabilities, revenues and expenses prior to consummating a business
          combination,  with further assurances that an audited financial
          statement will be provided after closing of such a transaction. Closing
          documents relative thereto will include representations that the audited
          financial statements will not materially differ from the representations
          included in such closing documents.
 
 (d)
          Plan
          of Operation
 
 We
          intend
          to merge with or acquire a business entity in exchange for our securities.
          We
          have no particular acquisition in mind and have not entered into any
          negotiations regarding such an acquisition.
 We
          anticipate seeking out a target business through solicitation.  Such
          solicitation may include newspaper or magazine advertisements, mailings
          and
          other distributions to law firms,  accounting firms, investment
          bankers, financial advisors and similar persons, the use of one or more
          World
          Wide Web sites and similar methods. No estimate can be made as to the number
          of
          persons who will be contacted or solicited. Such persons will have no
          relationship to management.
 
 We
          have
          no full time employees. The Company's president has agreed to allocate
          a portion
          of his time to the activities of the Company as a consultant. The president
          anticipates that the business plan of the Company can be implemented by
          his
          devoting approximately 10 hours per month to the business affairs of the
          Company
          and, consequently, conflicts of interest may arise with respect to the
          limited
          time commitment by such officer.
 
 *-
                5 -*
 
 
 The
          Company's president is currently involved with other companies which have
          a
          business purpose similar to that of the Company. A conflict may arise in
          the
          event that another blank check company with which management is affiliated
          is
          formed and actively seeks a target business. Management anticipates that
          target
          businesses will be located for the Company and other blank check companies
          in
          chronological order of the date of formation of such blank check companies.
          It
          may be that a target business may be more suitable for or may prefer a
          certain
          blank check company formed after the Company. In such case, a business
          combination might be negotiated on behalf of the more suitable or preferred
          blank check company regardless of date of formation.
 
 The
          Articles of Incorporation of the Company provide that the Company may indemnify
          officers and/or directors of the Company for liabilities, which can include
          liabilities arising under the securities laws. Therefore, assets of the
          Company
          could be used or attached to satisfy any liabilities subject to such
          indemnification.
 
 Our
          plan
          is to seek, investigate and, if such investigation warrants, acquire an
          interest
          in a business entity which desires to seek the perceived advantages of
          a
          corporation which has a class of securities registered under the Exchange
          Act.
          The Company will not restrict its search to any specific business, industry,
          or
          geographical location and the Company may participate in a business venture
          of
          virtually any kind or nature. This discussion of the proposed business
          is not
          meant to be restrictive of the Company's virtually unlimited discretion
          to
          search for and enter into potential business opportunities.
 We
          may
          seek a business opportunity with entities which have recently commenced
          operations, or which wish to utilize the public marketplace in order to
          raise
          additional capital in order to expand into new products or markets, to
          develop a
          new product or service, or for other corporate purposes. The
 
 Company
          may acquire assets and establish wholly-owned subsidiaries in various businesses
          or acquire existing businesses as subsidiaries.
 
 We
          anticipate that the selection of a business opportunity in which to participate
          will be complex and extremely risky. Due to general economic conditions,
          rapid
          technological advances being made in some industries and shortages of available
          capital, management believes that there are numerous firms seeking the
          perceived
          benefits of a publicly registered corporation. Such perceived benefits
          may
          include facilitating or improving the terms on which additional equity
          financing
          may be sought, providing liquidity for incentive stock options or similar
          benefits to key employees, and providing liquidity for shareholders and
          other
          factors. Business opportunities may be available in many different industries
          and at various stages of development, all of which will make the task of
          comparative investigation and analysis of such business opportunities difficult
          and complex.
 
 The
          Company has, and will continue to have, only limited capital with which
          to
          provide the owners of business opportunities with any cash or other assets.
          However, we believe the Company will be able to offer owners of acquisition
          candidates the opportunity to acquire a controlling ownership interest
          in a
          publicly registered company without incurring the cost and time required
          to
          conduct an initial public offering. Management has not conducted market
          research
          and is not aware of statistical data to support the perceived benefits
          of a
          merger or acquisition transaction for the owners of a business
          opportunity.
 
 *-
                6 -*
 
 
 The
          analysis of new business opportunities will be undertaken by, or under
          the
          supervision of the Company's president who is not a professional business
          analyst. In analyzing prospective business opportunities, management will
          consider such matters as available  technical,  financial
          and managerial resources; working capital and other financial
          requirements;  history of operations, if any; prospects for the
          future; nature of present and expected competition; the quality and experience
          of management services which may be available and the depth of that management;
          the potential for further research, development, or exploration; specific
          risk
          factors not now foreseeable, but which then may be anticipated to impact
          the
          proposed activities of the Company; the potential for growth or expansion;
          the
          potential for profit; the perceived public recognition or acceptance of
          products, services, or trades; name identification; and other relevant
          factors.
          Management will meet personally with management and key personnel of the
          target
          business entity as part of its investigation. To the extent possible, the
          Company intends to utilize written reports and personal investigation to
          evaluate the above factors. The Exchange Act requires that any merger or
          acquisition candidate comply with all certain reporting requirements, which
          include providing audited financial statements to be included in the reporting
          filings made under the Exchange Act. The Company will not acquire or merge
          with
          any company for which audited financial statements cannot be obtained at
          or
          within a reasonable period of time after closing of the proposed
          transaction.
 
 We
          will
          in all likelihood not be experienced in matters relating to the business
          of a
          target company, and management will rely upon its own experience in
          accomplishing the business purposes of the Company. Therefore, it is anticipated
          that outside consultants or advisors may be utilized to assist us in the
          search
          for and analysis of qualified target companies.
 
 The
          Company will not restrict its search to any specific kind of firm, but
          may
          acquire a venture which is in its preliminary or development stage, one
          which is
          already in operation, or in a more mature stage of its corporate existence.
          The
          acquired business may need to seek additional capital, may desire to have
          its
          shares publicly traded, or may seek other perceived advantages which the
          Company
          may offer. However, the Company does not intend to obtain additional funds
          to
          finance the operation of any acquired business opportunity until such time
          as
          the Company has successfully consummated the
 merger
          or
          acquisition transaction.
 
 MANNER
          OF
          ACQUISITION
 
 In
          implementing a structure for a particular business acquisition, the Company
          may
          become a party to a merger, consolidation, reorganization, joint venture,
          or
          licensing agreement with another entity. We also may acquire stock or assets
          of
          an existing business. On the consummation of a transaction it is probable
          that
          the present Management and shareholders of the Company will no longer be
          in
          control of the Company. In addition, the Company's president and director,
          as
          part of the terms of the acquisition transaction, likely will be required
          to
          resign and be replaced by one or more new officers and directors without
          a vote
          of our shareholders.
 
 
 *-
                7 -*
 
 It
          is
          anticipated that any securities issued in any such reorganization would
          be
          issued in reliance upon exemption from registration under applicable federal
          and
          state securities laws. In some circumstances, however, as a negotiated
          element
          of a transaction, the Company may agree to register all or a part of such
          securities immediately after the transaction is consummated or at specified
          times thereafter. If such registration occurs, of which there can be no
          assurance, it will be undertaken by the surviving entity after the Company
          has
          entered into an agreement for a business combination or has consummated
          a
          business combination and the Company is no longer considered a blank check
          company. Until such time as this occurs, the Company will not attempt to
          register any additional securities. The issuance of substantial additional
          securities and their potential sale into any trading market which may develop
          in
          the Company's securities may have a depressive effect on that
          market.
 
 While
          the
          actual terms of a transaction to which the Company may be a party cannot
          be
          predicted, it may be expected that the parties to the business transaction
          will
          find it desirable to avoid the creation of a taxable event and thereby
          structure
          the acquisition as a "tax-free" reorganization under Sections 351 or 368
          of the
          Internal Revenue Code of 1986, as amended.
 
 With
          respect to any merger or acquisition, negotiations with target company
          management are expected to focus on the percentage of the Company which
          the
          target company shareholders would acquire in exchange for all of their
          shareholdings in the target company. Depending upon, among other things,
          the
          target company's assets and liabilities, the Company's shareholders will
          in all
          likelihood hold a substantially lesser percentage ownership interest in
          the
          Company following any merger or acquisition. The percentage ownership may
          be
          subject to significant reduction in the event the Company acquires a target
          company with substantial assets. Any merger or acquisition effected by
          the
          Company can be expected to have a significant dilutive effect on the percentage
          of shares held by the Company's shareholders at such time.
 
 The
          Company will participate in a business  opportunity only after the
          negotiation and execution of appropriate agreements. Although the terms
          of such
          agreements cannot be predicted, generally such agreements will require
          certain
          representations and warranties of the parties thereto, will specify certain
          events of default, will detail the terms of closing and the conditions
          which
          must be satisfied by the parties prior to and after such closing, will
          outline
          the manner of bearing costs, including costs associated with the Company's
          attorneys and accountants, and will include miscellaneous other
          terms.
 
 We
          are
          presently subject to all of the reporting requirements included in the
          Exchange
          Act. Included in these requirements is the duty of the Company to file
          audited
          financial statements as part of its Form 8-K to be filed with the Securities and
          Exchange Commission upon consummation of a merger or acquisition, as well
          as the
          Company's audited financial statements included in its annual report on
          Form
          10-K (or 10-KSB, as applicable). If such audited financial statements are
          not
          available at closing, or within time parameters necessary to insure the
          Company's compliance with the requirements of the Exchange Act, or if the
          audited financial statements provided do not conform to the representations
          made
          by the target company, the closing documents may provide that the proposed
          transaction will be voidable at the discretion of the present management
          of the
          Company.
 
 
 *-
                8 -*
 
 COMPETITION
 
 The
          Company will remain an insignificant participant among the firms which
          engage in
          the acquisition of business opportunities. There are many established venture
          capital and financial concerns which have significantly  greater
          financial and personnel resources and technical expertise than the Company.
          In
          view of the Company's limited financial resources and limited management
          availability, the Company may be at a competitive disadvantage compared
          to the
          Company's competitors.
 
 
 Item
          2.
          DESCRIPTION OF PROPERTY
 
 The
          Company has no properties and at this time has no agreements to acquire
          any
          properties. The Company currently occupies offices in the home of an officer
          and
          director at a month-to-month rental cost of $100 per month. Mr. Wiegand
          has
          agreed to contribute the rental value of this office space and to continue
          this
          arrangement until the Company completes an acquisition or merger.
 
 The
          Company has no present plans to acquire any assets or make any investments
          prior
          to completing a business combination.
 
 
 Item
          3.
          LEGAL PROCEEDINGS
 
 No
          legal
          proceedings to which the Company is a party were pending during the reporting
          period, and the Company knows of no legal proceedings of a material nature,
          pending or threatened, or judgments entered against the sole director and
          officer of the Company in his capacity as such.
 
 
 Item
          4.
          SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
 
 The
          Company did not submit any matter to a vote of security holders through
          solicitation of proxies or otherwise during the reporting period.
 
 
 PART
          II
 
 Item
          5.
          MARKET FOR THE COMPANY'S COMMON EQUITY AND RELATED STOCKHOLDER
          MATTERS
 
 (a)
          Principal Market or Markets. The Company's stock has not traded and, at
          the
          present time, it has no trading symbol.
 
 (b)
          Approximate Number of Holders of Common Stock. The number of holders of
          record
          of the Company's Common Stock as of October 2007 was approximately 37
          .
 
 (c)
          Dividends. Holders of common stock are entitled to receive such dividends
          as may
          be declared by the Company's Board of Directors. No dividends on the common
          stock were paid by the Company during the periods reported herein nor does
          the
          Company anticipate paying dividends in the foreseeable future.
 
 *-
                9 -*
 
 
 (d)
          Recent Sales of Unregistered Securities. NOT APPLICABLE
 
 
 Item
          6.
          MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
 
 Forward-Looking
          Statements
 
 Certain
          statements contained in this annual report on Form 10-KSB including without
          limitation, statements containing the words "believes," "anticipates,"
          "estimates," "expects," and words of similar import, constitute "forward-looking
          statements." You should not place undue reliance on these forward-looking
          statements. Our actual results and the structure of transactions which
          may occur
          in the future could differ  materially  from
          those  described in these forward-looking statements for many reasons,
          including those set forth in the risk factors included herein and for other
          reasons including the demands of the specific business entity with which
          the
          company may elect to engage in a transaction.
 
 Plan
          of
          Operation
 
 See
          Part
          I, Item 1., "Description of Business-Plan of Operation."
 
 Liquidity
          and Capital Resources
 
 At
          October 31, 2007, the Company's fiscal year end, the Company had cash and
          cash
          equivalents of $4,806, reflecting a decrease in cash of $8,119 from October
          31,
          2006. While the Company has no foreseeable capital commitments, it also
          has no
          present expectations of generating any cash flow from operations until
          such time
          as it may successfully  complete the acquisition of the business,
          operations, or assets of an operating entity.
 
 At
          present time, Management has plans to raise additional funds through the
          issuance of equity and subject to the success of Management’s plan, we believe
          that our current cash and equivalents, supplemented with cash from sale
          of
          shares, will satisfy our expected working capital requirements through
          fiscal
          2008.
 
 Item
          7.
          FINANCIAL STATEMENTS
 
 The
          report of the independent auditors on the financial statements appears
          at Page
          F-2 and the financial statements and their accompanying footnotes appear
          at
          Pages F-3 through F-11 hereof. These financial statements and related financial
          information required to be filed hereunder are incorporated herein by
          reference.
 *-
                10 -*
  
 **AMBERMAX
          CORPORATION**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 
 **FINANCIAL
          STATEMENTS**
 
 **OCTOBER
          31, 2007**
 
 *F
                -
                1*
 
  **REPORT
          OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
 
 
 Board
          of
          Directors
 Ambermax
          Corporation
 (a
          development stage company)
 Loveland,
          Colorado
 
 We
          have
          audited the accompanying balance sheet of Ambermax Corporation (a development
          stage company) as of October 31, 2007 and the related statements of operations,
          stockholders’ equity, and cash flows for the years ended October 31, 2007 and
          2006, and from inception on June 19, 2006 through October 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 audits.
 
 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. 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 audits provide 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 Ambermax Corporation (a development
          stage company) as of October 31, 2007, and the results of its operations
          and its
          cash flows for the years ended October 31, 2007 and 2006, and from inception
          on
          June 19, 2006 through October 31, 2007 in conformity with United States
          generally accepted accounting principles.
 
 The
          accompanying financial statements have been prepared assuming that the
          Company
          will continue as a going concern. As discussed in Note 3 to the financial
          statements, the Company has suffered recurring losses from operations since
          inception. This raises substantial doubt about the Company's 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 adjustments
          that might result from the outcome of this uncertainty.
 
 
 HJ
&
          Associates, LLC
 Salt
          Lake
          City, Utah
 December
          13, 2007
 
 *F
                -
                2*
 
 **AMBERMAX
          CORPORATION**
 (A
          Development Stage Company)
 Balance
          Sheet
 
 
 **October
                    31,****2007****Assets**Cash
                
                $
                4,806**Liabilities
                    and Shareholders’ Equity**Liabilities:
                
                $
                —Shareholders’
                    equity:Common
                    stock, no par value; 20,000,000 shares authorized,1,125,000
                    shares issued and outstanding.
                
                
                13,800Additional
                    paid-in capital
                
                
                1,600Deficit
                    accumulated during development stage
                
                
                (10,594
                )Total
                    shareholder’s equity
                
                
                4,806Total
                    liabilities and shareholder’s equity
                
                $
                4,806
 
 See
          accompanying notes to the financial statements
  *F
                -
                3*
 
 **AMBERMAX
          CORPORATION**
 (A
          Development Stage Company)
 Statements
          of Operations
 
  **June
                      19,****2006****(Inception)****For
                      the Year Ended**
                  
                  
                  **Through****October
                      31,**
                  
                  
                  **October
                      31,****2007**
                  
                  
                  **2006**
                  
                  
                  **2007**Revenue
                  
                  $
                  —
                  
                  
                  $
                  —
                  
                  
                  $
                  —Operating
                      expenses:Professional
                      fees
                  
                  
                  5,787
                  
                  
                  
                  —
                  
                  
                  
                  5,787Contributed
                      services, related party (Note 2)
                  
                  
                  1,200
                  
                  
                  
                  —
                  
                  
                  
                  1,200General
                      and administrative
                  
                  
                  2,332
                  
                  
                  
                  1,275
                  
                  
                  
                  3,607Total
                      operating expenses
                  
                  
                  9,319
                  
                  
                  
                  1,275
                  
                  
                  
                  10,594Net
                      loss
                  
                  
                  (9,319
                  )
                  
                  
                  (1,275
                  )
                  
                  
                  (10,594
                  )Basic
                      and diluted loss per share
                  
                  $
                  (0.01
                  )
                  
                  $
                  (0.00
                  )Basic
                      and diluted weighted averagecommon
                      shares outstanding
                  
                  
                  1,125,000
                  
                  
                  
                  1,125,000
  See
          accompanying notes to the financial statements
  *F
                -
                4*
  **AMBERMAX
          CORPORATION**
 (A
          Development Stage Company)
 Statements
          of Changes in Shareholders' Equity
 
 **Deficit****Accumulated****Additional**
                
                **During****Common
                    Stock**
                
                **Paid-in**
                
                **Development****Shares**
                
                **Amount**
                
                **Capital**
                
                **Stage**Balance
                    at June 19, 2006 (inception)(Note
                    1)
                
                
                —
                $
                —
                $
                —
                $
                —Common
                    stock issued for OrganizationalCosts
                
                
                
                
                800,000
                
                800
                
                —
                
                —Common
                    stock issued for cash at$0.04
                    per share
                325,000
                
                13,000
                
                —
                
                —Office
                    space contributed by an officer
                —
                
                —
                
                400
                
                —Net
                    loss, year ended October 31, 2006
                —
                
                —
                
                —
                
                (1,275)Balance
                    at October 31, 2006
                1,125,000
                
                13,800
                
                400
                
                (1,275)Office
                    space contributed by an officer
                —
                
                —
                
                1,200
                
                —Net
                    loss, year ended October 31, 2007
                —
                
                —
                
                —
                
                (9,319)Balance
                    at October 31, 2007
                1,125,000
                $
                13,800
                $
                1,600
                $
                (10,594)
 
 
 See
          accompanying notes to the financial statements
 
 *F
                -
                5*
 
 **AMBERMAX
          CORPORATION**
 (A
          Development Stage Company)
 Statements
          of Cash Flows
 
 **June
                    19,****2006****(Inception)****For
                    The Year Ended**
                
                
                **Through****October
                    31,**
                
                
                **October
                    31,****2007**
                
                
                **2006**
                
                
                **2007**Cash
                    flows from operating activities:Net
                    loss
                
                $
                (9,319
                )
                
                $
                (1,275
                )
                
                
                (10,594
                )Adjustments
                    to reconcile net loss to net cashused
                    by operating activities:Contributed
                    rent
                
                
                1,200
                
                
                
                400
                
                
                
                1,600Common
                    stock issued for services
                
                
                —
                
                
                
                800
                
                
                
                800Changes
                    in operating assets and liabilities:Increase
                    in Accounts payable
                
                
                —
                
                
                
                —
                
                
                
                —Net
                    cash used inoperating
                    activities
                
                
                (8,119
                )
                
                
                (75
                )
                
                
                (8,194
                )Cash
                    flows from investing activities:
                
                
                —
                
                
                
                —
                
                
                
                —Cash
                    flows from financing activities:Proceeds
                    from common stock sales
                
                
                —
                
                
                
                13,000
                
                
                
                13,000Net
                    cash provided byfinancing
                    activities
                
                
                —
                
                
                
                13,000
                
                
                
                13,000Net
                    change in cash
                
                
                (8,119
                )
                
                
                12,925
                
                
                
                4,806Cash,
                    beginning of period
                
                
                12,925
                
                
                
                —
                
                
                
                —Cash,
                    end of period
                
                $
                4,806
                
                
                $
                12,925
                
                
                
                4,806Supplemental
                    disclosure of cash flow information:Cash
                    paid during the period for:Income
                    taxes
                
                $
                —
                
                
                $
                —
                
                
                $
                —Interest
                
                $
                —
                
                
                $
                —
                
                
                $
                —NON
                    CASH FINANCINGCommon
                    stock issued for services
                
                $
                —
                
                
                $
                800
                
                
                $
                800
  See
          accompanying notes to the financial statements
 
 *F
                -
                6*
 
 **AMBERMAX
          CORPORATION**
 (A
          Development Stage Company)
 Notes
          to
          the Financial Statements
 October
          31, 2007
 
 NOTE
          1
          -   ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
          POLICIES
 
 a.
          Organization
  Ambermax
          Corporation (the “Company”) was initially incorporated on June 19, 2006 in the
          State of Colorado. On June 19, 2006, the Company authorized 800,000 shares
          of
          its no par common stock to be issued to an officer and director as payment
          for
          $800 in fees and expenses incurred as part of organizing the
          Company.
 
 The
          Company is a development stage enterprise in accordance with Statement
          of
          Financial Accounting Standards (“SFAS”) No. 7 and is considered a “shell” or
“blank check” company. The Company has been in the development stage since
          inception and has no revenue-producing operations to date. The Company’s
          business plan is to evaluate, structure and complete a merger with, or
          acquisition of, a privately owned corporation.
 
 b.
          Accounting Method
 
 The
          Company’s financial statements are prepared using the accrual method of
          accounting. The Company has elected an October 31 year-end.
 
 d.
          Estimates
 
 The
          preparation of financial statements in conformity with generally accepted
          accounting principles in the United States of America requires management
          to
          make estimates and assumptions that affect the reported amounts of assets
          and
          liabilities and disclosure of contingent assets and liabilities at the
          date of
          the financial statements and the reported amounts of revenues and expenses
          during the reporting period. Actual results could differ from those
          estimates.
 
 e.
          Income Taxes
 
 Deferred
          taxes are provided on a liability method whereby deferred tax assets are
          recognized for deductible temporary differences and operating loss and
          tax
          credit carryforwards and deferred tax liabilities are recognized for taxable
          temporary differences. Temporary differences are the differences between
          the
          reported amounts of assets and liabilities and their tax bases. Deferred
          tax
          assets are reduced by a valuation allowance when, in the opinion of management,
          it is more likely than not that some portion or all of the deferred tax
          assets
          will not be realized. Deferred tax assets and liabilities are adjusted
          for the
          effects of changes in tax laws and rates on the date of enactment.
 
 *F
                -
                7*
 
 **AMBERMAX
          CORPORATION**
 (A
          Development Stage Company)
 Notes
          to
          the Financial Statements
 October
          31, 2007
 
 NOTE
          1
          - ORGANIZATION
          AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
  e.
          Income Taxes
          (Continued)
  Net deferred tax assets consist of the following components as of October
          31,
          2007 and 2006:
  2007
                
                
                2006Deferred
                    tax assets:NOL
                    Carryover
                
                $
                3,800
                
                
                $
                185Valuation
                    allowance
                
                
                (3,800
                )
                
                
                (185
                )Net
                    deferred tax asset
                
                $
                -
                
                
                $
                -
  The
          income tax provision differs from the amount of income tax determined by
          applying the U.S. federal income tax rates to pretax income from continuing
          operations for the years ended October 31, 2007 and 2006 due to the
          following:
 
 2007
                
                
                2006Book
                    Income
                
                $
                (3,634
                )
                
                $
                (500
                )Contributed
                    Services
                
                
                -
                
                
                
                315Valuation
                    allowance
                
                
                3,634
                
                
                
                185$
                -
                
                
                $
                -
  At
          October 31, 2007, the Company had net operating loss carryforwards of
          approximately $9,794 that may be offset against future taxable income from
          the
          year 2008 through 2028. No tax benefit has been reported in the October
          31, 2007
          financial statements since the potential tax benefit is offset by a valuation
          allowance of the same amount.
 
 Due
          to
          the change in ownership provisions of the Tax Reform Act of 1986, net operating
          loss carryforwards for Federal income tax reporting purposes are subject
          to
          annual limitations. Should a change in ownership occur, net operating loss
          carryforwards may be limited as to use in future years.
  
 *F
                -
                8*
 
 **AMBERMAX
          CORPORATION**
  (A
          Development Stage Company)
 Notes
          to
          the Financial Statements
 October
          31, 2007
 
  NOTE
          1
          - ORGANIZATION
          AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 f.
          Loss per Common
          Share
 
 The
          Company reports net loss per share using a dual presentation of basic and
          diluted loss per share. Basic net loss per share excludes the impact of
          common
          stock equivalents. Diluted net loss per share utilizes the average market
          price
          per share when applying the treasury stock method in determining common
          stock
          equivalents. At October 31, 2007 there were no variances between the basic
          and
          diluted loss per share as there were no potentially dilutive securities
          outstanding.
  g.
          Newly
          Adopted Accounting Pronouncements
 
 In
          April
          2006, the FASB issued FASB Staff Position FIN 46(R)-6, *Determining the
          Variability to be Considered in Applying FASB Interpretation No. 46(R)*that
          became effective for the third quarter of 2006. FSP FIN No. 46(R)-6 clarifies
          that the variability to be considered in applying Interpretation 46(R)
          shall be
          based on an analysis of the design of the variable interest entity. The
          adoption
          of this standard did not materially impact the Company’s consolidated financial
          statements.
 
 In
          March
          2005, the FASB issued FASB Interpretation No. 47, “Accounting for Conditional
          Asset Retirement Obligations” (“FIN 47”). FIN 47 provides guidance relating to
          the identification of and financial reporting for legal obligations to
          perform
          an asset retirement activity. The Interpretation requires recognition of
          a
          liability for the fair value of a conditional asset retirement obligation
          when
          incurred if the liability’s fair value can be reasonably estimated. FIN 47 also
          defines when an entity would have sufficient information to reasonably
          estimate
          the fair value of an asset retirement obligation. The provision is effective
          no
          later than the end of fiscal years ending after December 15, 2005. The
          Company
          will adopt FIN 47 beginning the first quarter of fiscal year 2006 and does
          not
          believe the adoption will have a material impact on its consolidated financial
          position or results of operations or cash flows.
 
 In
          June
          2006, the Financial Accounting Standards Board (“FASB”) issued FASB
          Interpretation No. 48, *“Accounting for Uncertainty in Income Taxes”*(“FIN 48”). FIN 48 clarifies the accounting for uncertainty in income
          taxes
          recognized in the Company’s financial statements in accordance with FASB
          Statement No. 109 *“Accounting for Income Taxes.”*FIN 48 also prescribes
          a recognition threshold and measurement attribute for the financial statement
          recognition and measurement of a tax position taken or expected to be taken
          in a
          return, as well as guidance on derecognition, classification, interest
          and
          penalties and financial statement reporting disclosures. FIN 48 is effective
          for
          the Company on January 1, 2007. Based on the Company’s evaluation and analysis,
          FIN 48 is not expected to have a material impact on the Company’s consolidated
          financial statements.
 
 *F
                -
                9*
 
  **AMBERMAX
          CORPORATION**
 (A
          Development Stage Company)
 Notes
          to
          the Financial Statements
 October
          31, 2007
  
 NOTE
          1
          - ORGANIZATION
          AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 **g.**
                **Newly
                    Adopted Accounting Pronouncements
                    (continued)**
 
 In
          February of 2006, the FASB issued SFAS No. 155, “Accounting for Certain Hybrid
          Financial Instruments”, which is intended to simplify the accounting and improve
          the financial reporting of certain hybrid financial instruments (i.e.,
          derivatives embedded in other financial instruments). The statement amends
          SFAS
          No. 133, “Accounting for Derivative Instruments and Hedging Activities”, and
          SFAS No. 140, “Accounting for Transfers and Servicing of Financial Assets and
          Extinguishments of Liabilities—a replacement of FASB Statement No. 125.” SFAS
          No. 155 is effective for all financial instruments issued or acquired after
          the
          beginning of an entity's first fiscal year that begins after September
          15, 2006.
          The Company does not expect the adoption of SFAS No. 155 to have an impact
          on
          its consolidated financial statements.
 
 In
          September 2006, the FASB issued FASB Statement No. 157, ***“Fair Value
          Measurements”***(“FAS 157”), which addresses how companies should
          measure fair value when they are required to use a fair value measure for
          recognition or disclosure purposes under generally accepted accounting
          principles. The FASB believes that the new standard will make the measurement
          of
          fair value more consistent and comparable and improve disclosures about
          those
          measures. FAS 157 is effective for fiscal years beginning after November
          15,
          2007.  The Company is currently evaluating the requirements and impact of
          FAS 157 on the Company’s consolidated financial statements, and will adopt the
          provisions on January 1, 2008. FAS 157 is not expected to have a material
          impact
          on the Company’s consolidated financial statements.
  
 Also
          in
          September 2006, the FASB issued FASB Statement No. 158, *“Employers’
Accounting for Defined Benefit Pension and other Postretirement Plans,
          an
          amendment of FASB Statements No. 87, 88, 106 and 132- R”*(“FAS 158”). FAS
          158 requires an employer to recognize the overfunded or underfunded status
          of a
          defined benefit postretirement plan as an asset or liability in its statement
          of
          financial position and to recognize changes in that funded status in the
          year in
          which the changes occur through comprehensive income of a business entity.
          FAS
          158 also requires an employer to measure the funded status of a plan as
          of the
          date of its year-end statement of financial position . This statement is
          effective for the Company as of December 31, 2006, but did not have an
          impact on
          the Company’s consolidated financial statements as the Company does not sponsor
          a defined benefit pension or postretirement plan.
 
 *F
                -
                10*
 
 
 **AMBERMAX
          CORPORATION**
 (A
          Development Stage Company)
 Notes
          to
          the Financial Statements
 October
          31, 2007
  
 NOTE
          1
          - ORGANIZATION
          AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 **g.**
                **Newly
                    Adopted Accounting Pronouncements
                    (continued)**
 
 In
          September 2006, the Securities and Exchange Commission issued Staff Accounting
          Bulletin No. 108, *Considering the Effects of Prior Year Misstatements When
          Quantifying Misstatements in Current Year Financial Statements*(“SAB 108”),
          which provides interpretive guidance on how the effects of the carryover
          or
          reversal of prior year misstatements should be considered in quantifying
          a
          current year misstatement. The adoption of this standard did not materially
          impact the Company’s consolidated financial statements.
 
 h.
          Cash
          and Cash Equivalents
 
 The Company considers all highly liquid investments with a maturity of
          three
          months or less when purchased to be cash equivalents.
 
  NOTE
          2
          - RELATED
          PARTY TRANSACTIONS
 
 The
          Compay’s president and sole director contributed office space to the Company for
          the period presented in the accompanying financial statements. The office
          space
          was valued at $100 per month based on the market rate in the local area
          and is
          included in the accompanying financial statements as Operating Expense
          with a
          corresponding credit to additional paid-in capital.
 
  NOTE
          3
          - GOING
          CONCERN
 
 The
          accompanying financial statements have been prepared on a going concern
          basis,
          which contemplates the realization of assets and the satisfaction of liabilities
          in the normal course of business. As shown in the accompanying financial
          statements, the Company is a development stage enterprise with losses since
          inception and a limited operating history. These factors, among others,
          may
          indicate that the Company will be unable to continue as a going concern
          for a
          reasonable period of time.
 
 The
          financial statements do not include any adjustments relating to the
          recoverability and classification of assets and liabilities that might
          be
          necessary should the Company be unable to continue as a going concern.
          The
          Company’s continuation as a going concern is dependent upon its ability to
          generate sufficient cash flow to meet its obligations on a timely basis
          and
          ultimately to attain profitability. The Company intends to seek additional
          funding through equity offerings to fund its business plan. There is no
          assurance that the Company will be successful in raising additional
          funds.
 
 
 *F
                -
                11*
  Item
            8.
            DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
            DISCLOSURE
 
 The
            Company did not have any disagreements on accounting and financial disclosures
            with its present accounting firm during the reporting period.
 Item
          8A.    CONTROLS AND PROCEDURES
 
 (a)
          Evaluation of disclosure controls and procedures. Our Chief Executive Officer
          and Principal Accounting Officer has evaluated the effectiveness of our
          disclosure controls and procedures (as such term is defined in Rules 13a-15
          and
          15d-15 under the Securities Exchange Act of 1934, as amended (the "Exchange
          Act")) as of the end of the period covered by this annual report (the
          "Evaluation Date"). Based upon such evaluation, the officer has concluded
          that,
          as of the Evaluation Date, our disclosure controls and procedures are effective
          in alerting him on a timely basis to material information relating to our
          Company (including our consolidated subsidiary) required to be included
          in our
          reports filed or submitted under the Exchange Act.
 
 (b)
          Changes in internal controls over Financial Reporting. During the most
          recent
          fiscal year, there have not been any significant changes in our internal
          controls over financial reporting or in other factors that could have materially
          affected, or are reasonably likely to materially affect, our internal controls
          over financial reporting.
  
 Item
          8B.     OTHER INFORMATION
 
 None.
 
 **PART
          III**
 
 Item
          9.
          DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
          WITH
          SECTION 16(a) OF THE EXCHANGE ACT
 
 (a)
          Directors and Executive Officers.
          The Company has one director and officer as follows:
 
 Name
                Age
                Position
                SinceJames
                    B. Wiegand
                61
                Director
                    and President
                July
                    1996
 
 Mr.
          Wiegand is president of Amery Coast Corporation, a financial consulting
          company.
          From 1975 until 1996 Mr. Wiegand was president and director of Solar Energy
          Research Corp., a publicly traded company which he founded and took public.
          Mr.
          Wiegand obtained his Bachelor of Science Mechanical Engineering degree
          from the
          University of Denver in 1969.
 
 Item
          10.
          EXECUTIVE COMPENSATION
 
 Mr.
          Wiegand has not directly received compensation from the Company for his
          services.
 
 Item
          11.
          SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
 
 The
          following table sets forth, as of October 31, 2007, each person known by
          the
          Company to be the beneficial owner of five percent or more of the Company's
          Common Stock, all directors individually and all directors and officers
          of the
          Company as a group. Except as noted, each person has sole voting and investment
          power with respect to the shares shown.
 
 *-
                11
                -*
 
 
 
 Amount
                    and NatureName
                    and Address
                of
                    Beneficial
                Percentageof
                    Beneficial Owner
                Ownership
                of
                    ClassJames
                    B. Wiegand
                400,000
                38.1%16200
                    WCR 18ELoveland,
                    CO 80537All
                    Executive Officersand
                    Directors as aGroup
                    (1 Person)
                400,000
                38.1%
  
 Item
          12.
          CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
 
 James
          Wiegand contributes office space to the Company. The Company's Board of
          Directors has valued this contributed office space at approximately $100
          per
          month, based on prevailing local market rates.
 
 
 Item
          13.
          EXHIBITS AND REPORTS ON FORM 8-K
 
 (a)
          Exhibits
 
 EX-31
                Certification
                    of CEO and CFO Pursuant to 18 U.S.C, Section 7241, as adopted
                    and Section
                    302 of the Sarbanes-Oxley Act of 2002.EX-32
                Certification
                    of CEO and CFO Pursuant to 18 U.S.C. Section 1350, as adopted
                    pursuant to
                    Section 906 of the Sarbanes-Oxley Act of
                    2002.
 
 (b)
          Form 8-K
 
 There
          were no reports filed on Form 8-K.
 
 
 *-
                12
                -*
 
 Item
          14.
          PRINCIPAL ACCOUNTANT FEES AND SERVICES
 
 Audit
          and audit-Related Fees
 
 During
          the year ended October 31, 2007, the Company's principal accountant billed
          $6,500 in fees that were directly associated with the preparation of annual
          audit reports and quarterly review reports.
  Tax
          Fees
 
 The
          Company's principal accountant did not bill any tax fees during the years
          ended
          October 31, 2007.
 
 All
          Other Fees
 
 The
          Company's principal accountant did not bill any other fees during the year
          ended
          October 31, 2007.
 
 The
          officers and directors of the Ambermax Corporation have determined that
          the
          services provided by our Company's principal accountant, as referred to
          in the
          above paragraphs, are compatible with maintaining the principal accountant's
          independence.
 
 Audit
          Committee's Pre-Approval Policies and Procedures
 
 Due
          to
          the fact that Ambermax Corporation has only one active officer and director,
          the
          Company does not have an audit committee at this time.
 
 Percentage
          of Hours Expended
 
 All
          hours
          expended on the principal accountant's engagement to audit the
          registrant's  financial statements for the most recent fiscal year
          were attributable to work performed by persons that are the principal
          accountant's full-time, permanent employees.
 
 
 
 **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.
   **Ambermax
                    Corporation**
                  (Registrant)December
                  13, 2007
                By:
                /s/ James
                  B. WiegandJames
                  B. Wiegand
                  President
 
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          13*