**FORM        10-KSB**

| [X]                   ANNUAL                  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT                  OF                  1934 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                         |
| For                  the fiscal year ended **August                  31, 2007**                                                                              |
|                                                                                                                                                         |
| [                  ]   TRANSITION                  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                  ACT                |
|                                                                                                                                                         |   |
| For                  the transition period from _________ to ________                                                                                        |
|                                                                                                                                                         |
| Commission                  file number **333-137755**                                                                                                       |

| **Utility                  Investment Recovery Inc.**                                 |
|---------------------------------------------------------------------------------------|
| (Name                  of small business issuer in its charter)                       |
|                                                                                  |   |
| **Nevada**                                                                            | **N/A** |
| (State                  or other jurisdiction of incorporation or organization)       | (I.R.S.                  Employer Identification No.) |
|                                                                                  |   |
| **50                  West Liberty Street, Suite 880, Reno, NV**                      | 89501 |
| (Address                  of principal executive offices)                             | (Zip                  Code) |
|                                                                                  |   |
| Issuer’s                  telephone number: **(970)                  710-1799** |   |

| Securities                  registered under Section 12(b) of the Exchange Act: |                                                       |
|---------------------------------------------------------------------------------|------------------------------------------------------------|
|                                                                            |                                                       |
| Title                  of each class                                            | Name                  of each exchange on which registered |
| **None**                                                                        | **Not                  Applicable**                        |
|                                                                            |                                                       |
| Securities                  registered under Section 12(g) of the Exchange Act: |                                                       |
|                                                                            |                                                       |
| **None**                                                                        |
| (Title                  of class)                                               |

**Yes        [X] No [ ]**

**[        ]**

**Yes        [X] No [ ]**

**$0**

**Not        Available**

**10,900,000        Common Shares as of August 31, 2007**

**Yes:        __; No X**

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Table            of Contents

|                                  | **TABLE                  OF CONTENTS**                                                                                                            |    |
|---------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|---------|
|                                  |                                                                                                                                              |    |
|                                  |                                                                                                                                              | Page    |
|  PART                  I    |
| Item                  1.              | Description                  of Business                                                                                                          | 3       |
| Item                  2.              | Description                  of Property                                                                                                          | 4       |
| Item                  3.              | Legal                  Proceedings                                                                                                                | 4       |
| Item                  4.              | Submission                  of Matters to a Vote of Security                  Holders                                                             | 4       |
|  PART                  II   |
| Item                  5.              | Market                  for Common Equity and Related Stockholder Matters                                                                         |  5 |
| Item                  6.              | Management’s                  Discussion and Analysis or Plan of                  Operation                                                 |  7 |
| Item                  7.              | Financial                  Statements                                                                                                             | 11      |
| Item                  8.              | Changes                  In and Disagreements With Accountants on Accounting and                  Financial Disclosure                            | 12      |
| Item                  8A.             | Controls                  and Procedures                                                                                                          | 12      |
| Item                  8B.             | Other                  Information                                                                                                                | 13      |
|  PART                  III  |
| Item                  9.              | Directors,                  Executive Officers, Promoters and Control Persons;                  Compliance With Section 16(a) of the Exchange Act | 13      |
| Item                  10.             | Executive                  Compensation                                                                                                           | 16      |
| Item                  11.             | Security                  Ownership of Certain Beneficial Owners and Management                  and Related Stockholder Matters                  | 18      |
| Item                  12.             | Certain                  Relationships and Related                  Transactions                                                                  | 19      |
| Item                  13.             | Exhibits                                                                                                                                          | 20      |
| Item                  14.             | Principal                  Accountant Fees and Services                                                                                           | 20      |

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** **
**PART        I**

**Item        1. Description of Business **

**Overview**

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**Item        2. Description of Property**

**Item        3. Legal Proceedings**

**Item        4. Submission of Matters to a Vote of Security        Holders**

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Table            of Contents

**PART        II**

**Item        5. Market for Common Equity and Related Stockholder        Matters**

**Market        Information**

| Fiscal                  Year Ending August 31, 2007 |
|-----------------------------------------------------|
| Quarter                  Ended                      |   | High                  $ |   | Low                  $ |
| August                  31, 2007                    |   | 0 |   | 0 |
| May                  31, 2007                       |   | n/a |   | n/a |
| February                  28, 2007                  |   | n/a |   | n/a |
| November                  30, 2006                  |   | n/a |   | n/a |

**Penny        Stock**

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**Holders        of Our Common Stock**

**Dividends**

|   | 1. | We                  would not be able to pay our debts as they become due in the usual                  course                  of business; or |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Our                  total assets would be less than the sum of our total liabilities,                  plus the                  amount that would be needed to satisfy the rights of shareholders                  who have                  preferential rights superior to those receiving the                  distribution. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Recent        Sales of Unregistered Securities **

**Securities        Authorized for Issuance Under Equity Compensation Plans**

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**Item        6. Management’s Discussion and Analysis or Plan of        Operation**

**Forward-Looking        Statements**

**Overview**

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**Purchase        or Sale of Equipment**

**Results        of Operations for the Year Ended August 31, 2007 and 2006**

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**Liquidity        and Capital Resources**

**Off        Balance Sheet Arrangements **

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**Going        Concern**

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Table            of Contents

**Item        7. Financial Statements**

| **Audited                  Financial Statements:** |
|----------------------------------------------------|
| F-1                                                | Report                  of Independent Registered Public Accounting                  Firm |
|                                               |   |
| F-2                                           | Balance                  Sheets as of August 31, 2007 and                  2006 |
|                                               |   |
| F-3                                                | Statements                  of Operations - Year Ended August 31, 2007 and Eight                  Months Ended August 31,2006 and period from October 7, 2005 (Inception)                  to                  August 31, 2007 |
|                                               |   |
| F-4                                           | Statement                  of Stockholders’ Equity (Deficit) and Comprehensive                  Loss for period from October 7, 2005 (Inception) to August 31,                  2007 |
|                                               |   |
| F-5                                                | Statements                  of Cash Flows - Year Ended August 31, 2007 and Eight                  Months Ended August 31,2006 and period from October 7, 2005 (Inception)                  to                  August 31, 2007 |
|                                               |   |
| F-6                                           | Notes                  to Financial                  Statements |

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Table              of Contents

**MOORE          & ASSOCIATES, CHARTERED**

* *
*ACCOUNTANTS            AND ADVISORS*

*PCAOB            REGISTERED*

REPORT            OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING            FIRM

*2675            S. Jones Blvd. Suite 109, Las Vegas, NV 89146 (702) 253-7499 Fax (702)            253-7501*

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Table              of Contents

BALANCE          SHEETS

|                                                                                                                               | August                    31, 2007  |     | August                    31,2006 |
|------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------|----------|-----------------------------------|
|                                                                                                                               |                                     |     |                              |
| ASSETS                                                                                                                             |                                     |     |                              |
|                                                                                                                               |                                     |     |                              |
| CURRENT                    ASSETS                                                                                                  |                                     |     |                              |
| Cash                    in bank                                                                                                    | $                                        | 1,913    |                              | $ | 25,540 |
| Notes                    receivable                                                                                                |                                     | -        |                              |   | 7,000 |
|                                                                                                                               |                                     |     |                              |   |   |
| TOTAL                    CURRENT ASSETS                                                                                            |                                     | 1,913    |                              |   | 32,540 |
|                                                                                                                               |                                     |     |                              |   |   |
| OTHER                    ASSETS                                                                                                    |                                     |     |                              |   |   |
| Film                    production costs                                                                                           |                                     | 65,000   |                              |   | 65,000 |
|                                                                                                                               |                                     |     |                              |   |   |
| TOTAL                    OTHER ASSETS                                                                                              |                                     | 65,000   |                              |   | 65,000 |
|                                                                                                                               |                                     |     |                              |   |   |
| TOTAL                    ASSETS                                                                                                    | $                                        | 66,913   |                              | $ | 97,540 |
|                                                                                                                               |                                     |     |                              |   |   |
| LIABILITIES                    & STOCKHOLDERS' EQUITY (DEFICIT)                                                                |                                     |     |                              |   |   |
|                                                                                                                               |                                     |     |                              |   |   |
| CURRENT                    LIABILITIES                                                                                             |                                     |     |                              |   |   |
| Accounts                    payable                                                                                                | $                                        | 1,893    |                              | $ | 1,805 |
| Notes                    payable                                                                                                   |                                     | 50,000   |                              |   | 50,000 |
| Accrued                    liabilities                                                                                             |                                     | 84,940   |                              |   | 76,940 |
|                                                                                                                               |                                     |     |                              |   |   |
| TOTAL                    CURRENT LIABILITIES                                                                                       |                                     | 136,833  |                              |   | 128,745 |
|                                                                                                                               |                                     |     |                              |   |   |
| LONG-TERM                    DEBT                                                                                                  |                                     | -        |                              |   | - |
|                                                                                                                               |                                     |     |                              |   |   |
| TOTAL                    LIABILITIES                                                                                               |                                     | 136,833  |                              |   | 128,745 |
|                                                                                                                               |                                     |     |                              |   |   |
| STOCKHOLDERS'                    EQUITY (DEFICIT)                                                                                  |                                     |     |                              |   |   |
| Common                    stock: $0.001 par value;                                                                                 |                                     |     |                              |   |   |
| 100,000,000                    shares authorized, 10,900,000 and no shares issued and outstanding,                    respectively |                                     | 10,900   |                              |   | 10,900 |
| Additional                    paid in capital                                                                                      |                                     | 4,264    |                              |   | 4,264 |
| Accumulated                    deficit                                                                                             |                                     | (85,084) |                              |   | (46,369) |
|                                                                                                                               |                                     |     |                              |   |   |
| TOTAL                    STOCKHOLDERS' EQUITY (DEFICIT)                                                                            |                                     | (69,920) |                              |   | (31,205) |
|                                                                                                                               |                                     |     |                              |   |   |
| TOTAL                    LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)                                                          | $                                        | 66,913   |                              | $ | 97,540 |

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STATEMENTS            OF OPERATIONS

|                                                         | For                        the Year EndedAugust                        31, 2007 |       | For                        the Eight Months                        EndedAugust                        31, 2006 |   | From                        Inception of                        the DevelopmentStage                        throughAugust                        31, 2007  |
|--------------------------------------------------------------|---------------------------------------------------------------------------------|------------|----------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| REVENUES                                                     | $                                                                               | -          |                                                                                                           | $      | -                                                                                                                                                               |   | $ | - |
|                                                         |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
| OPERATING                        EXPENSES                    |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
|                                                         |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
| Bank                        charges                          |                                                                            | 77         |                                                                                                           |   | 25                                                                                                                                                              |   |   | 102 |
| Professional                        fees                     |                                                                            | 29,077     |                                                                                                           |   | 2,500                                                                                                                                                           |   |   | 31,577 |
| Organizational                        costs                  |                                                                            | -          |                                                                                                           |   | 7,025                                                                                                                                                           |   |   | 7,025 |
| General                        and administrative            |                                                                            | 6,818      |                                                                                                           |   | 36,081                                                                                                                                                          |   |   | 42,899 |
|                                                         |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
| TOTAL                        OPERATING EXPENSES              |                                                                            | 35,972     |                                                                                                           |   | 45,631                                                                                                                                                          |   |   | 81,603 |
|                                                         |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
| LOSS                        FROM OPERATIONS                  |                                                                            | 35,972     |                                                                                                           |   | 45,631                                                                                                                                                          |   |   | 81,603 |
|                                                         |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
| OTHER                        INCOME (EXPENSE)                |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
| Interest                        income                       |                                                                            | 257        |                                                                                                           |   | 42                                                                                                                                                              |   |   | 299 |
| Interest                        expense                      |                                                                            | (3,000)    |                                                                                                           |   | (780)                                                                                                                                                           |   |   | (3,780) |
|                                                         |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
| TOTAL                        OTHER INCOME (EXPENSE)          |                                                                            | (2,743)    |                                                                                                           |   | (738)                                                                                                                                                           |   |   | (3,481) |
|                                                         |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
| NET                        LOSS                              |                                                                            | (38,715)   |                                                                                                           | $      | (46,369)                                                                                                                                                        |   | $ | (85,084) |
|                                                         |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
| BASIC                        LOSS PER SHARE                  | $                                                                               | (0.00)     |                                                                                                           | $      | (0.00)                                                                                                                                                          |   |   |   |
|                                                         |                                                                            |       |                                                                                                           |   |                                                                                                                                                            |   |   |   |
| Weighted                          Average Shares Outstanding |                                                                            | 10,900,000 |                                                                                                           |   | 10,900,000                                                                                                                                                      |   |   |   |

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STATEMENTS              OF STOCKHOLDERS' EQUITY              (DEFICIT)

|                                                 |                        Common                        StockShares                                                           Amount |       | Additional                        Paidin                        Capital(Deficit) |   | Accumulated                          Deficit |   | Total                          Stockholders'Equity(Deficit) |
|------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|----------------------------------------------------------------------------------|--------|----------------------------------------------|--------|-------------------------------------------------------------|
| Balance                        December 31, 2003     |                                                                                                                                                                                                                                                                                                                  | -          |                                                                             | $      | -                                            |   | $                                                           | - |   | $ | (26,252) |   | $ | (26,252) |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Net                        loss for the year ended   |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| December                        31, 2004             |                                                                                                                                                                                                                                                                                                                  | -          |                                                                             |   | -                                            |   |                                                        | - |   |   | (9,015) |   |   | (9,015) |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Balance                        December 31, 2004     |                                                                                                                                                                                                                                                                                                                  | -          |                                                                             |   | -                                            |   |                                                        | - |   |   | (35,267) |   |   | (35,267) |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Recapitalization                                     |                                                                                                                                                                                                                                                                                                                  | -          |                                                                             |   | -                                            |   |                                                        | (44,336) |   |   | 44,336 |   |   | - |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Net                        loss for the year ended   |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| December                        31, 2005             |                                                                                                                                                                                                                                                                                                                  | -          |                                                                             |   | -                                            |   |                                                        | - |   |   | (9,069) |   |   | (9,069) |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Balance                        December 31, 2005     |                                                                                                                                                                                                                                                                                                                  | -          |                                                                             |   | -                                            |   |                                                        | (44,336) |   |   | - |   |   | (44,336) |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Shares                        issued for services    |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| at                        $0.001 per share           |                                                                                                                                                                                                                                                                                                                  | 500,000    |                                                                             |   | 500                                          |   |                                                        | - |   |   | - |   |   | 500 |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Shares                        issued for cash        |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| at                        $0.001 per share           |                                                                                                                                                                                                                                                                                                                  | 5,000,000  |                                                                             |   | 5,000                                        |   |                                                        | - |   |   | - |   |   | 5,000 |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Shares                        issued for cash        |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| at                        $0.01 per share            |                                                                                                                                                                                                                                                                                                                  | 5,400,000  |                                                                             |   | 5,400                                        |   |                                                        | 48,600 |   |   | - |   |   | 54,000 |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Net                        loss for the eight months |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| ended                        August 31, 2006         |                                                                                                                                                                                                                                                                                                                  | -          |                                                                             |   | -                                            |   |                                                        | - |   |   | (46,369) |   |   | (46,369) |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Balance                        August 31, 2006       |                                                                                                                                                                                                                                                                                                                  | 10,900,000 |                                                                             |   | 10,900                                       |   |                                                        | 4,264 |   |   | (46,369) |   |   | (31,205) |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Net                        loss for the year         |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| ended                        August 31, 2007         |                                                                                                                                                                                                                                                                                                                  | -          |                                                                             |   | -                                            |   |                                                        | - |   |   | (38,715) |   |   | (38,715) |
|                                                 |                                                                                                                                                                                                                                                                                                                  |       |                                                                             |   |                                         |   |                                                        |   |   |   |   |   |   |   |
| Balance                        August 31, 2007       |                                                                                                                                                                                                                                                                                                                  | 10,900,000 |                                                                             | $      | 10,900                                       |   | $                                                           | 4,264 |   | $ | (85,084) |   | $ | (69,920) |

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STATEMENTS          OF CASH FLOWS

|                                                              | For                      the YearEndedAugust                      31, 2007  |     | For                      the EightMonths                      EndedAugust                      31, 2006  |   | From                      Inceptionof                      the DevelopmentStage                      through August 31,2007 |
|-------------------------------------------------------------------|----------------------------------------------------------------------------------|----------|---------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------|
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |
| CASH                      FLOWS FROM OPERATING ACTIVITIES         |                                                                             |     |                                                                                                          |   |                                                                                                                        |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |
| Net                      loss                                     | $                                                                                | (38,715) |                                                                                                          | $      | (46,369)                                                                                                                    |   | $ | (85,084) |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| Adjustments                      to reconcile net income to       |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| net                      cash provided by operating activities:   |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| Common                      stock issued for services             |                                                                             | -        |                                                                                                          |   | 500                                                                                                                         |   |   | 500 |
| Changes                      in operating assets and liabilities: |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| Increase                      in accounts payable                 |                                                                             | 88       |                                                                                                          |   | 1,805                                                                                                                       |   |   | 1,893 |
| Increase                      in accrued liabilities              |                                                                             | 8,000    |                                                                                                          |   | 16,945                                                                                                                      |   |   | 24,945 |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| NET                      CASH PROVIDED BY OPERATING ACTIVITES     |                                                                             | (30,627) |                                                                                                          |   | (27,119)                                                                                                                    |   |   | (57,746) |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| CASH                      FLOWS FROM INVESTING ACTIVITIES         |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| Film                      costs incurred                          |                                                                             | -        |                                                                                                          |   | -                                                                                                                           |   |   | - |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| NET                      CASH (USED) BY INVESTING ACTIVITIES      |                                                                             | -        |                                                                                                          |   | -                                                                                                                           |   |   | - |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| CASH                      FLOWS FROM FINANCING ACTIVITIES         |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| Notes                      receivable collected                   |                                                                             | 7,000    |                                                                                                          |   | -                                                                                                                           |   |   | 7,000 |
| Proceeds                      from common stock issued            |                                                                             | -        |                                                                                                          |   | 59,000                                                                                                                      |   |   | 59,000 |
| Notes                      receivable issued                      |                                                                             | -        |                                                                                                          |   | (7,000)                                                                                                                     |   |   | (7,000) |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| NET                      CASH PROVIDED BY FINANCING ACTIVITIES    |                                                                             | 7,000    |                                                                                                          |   | 52,000                                                                                                                      |   |   | 59,000 |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| NET                      INCREASE IN CASH                         |                                                                             | (23,627) |                                                                                                          |   | 24,881                                                                                                                      |   |   | 1,254 |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| CASH                      - Beginning of period                   |                                                                             | 25,540   |                                                                                                          |   | 659                                                                                                                         |   |   | 659 |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| CASH                      - End of period                         | $                                                                                | 1,913    |                                                                                                          | $      | 25,540                                                                                                                      |   | $ | 1,913 |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| SUPPLEMENTAL                      CASH FLOW DISCLOSURE:           |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| CASH                      PAID FOR:                               |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| Interest                                                          | $                                                                                | -        |                                                                                                          | $      | -                                                                                                                           |   | $ | - |
| Income                      taxes                                 | $                                                                                | -        |                                                                                                          | $      | -                                                                                                                           |   | $ | - |
|                                                              |                                                                             |     |                                                                                                          |   |                                                                                                                        |   |   |   |
| NON                      CASH FINANCING ACTIVITIES:               | $                                                                                | -        |                                                                                                          | $      | -                                                                                                                           |   | $ | - |

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NOTES            TO FINANCIAL STATEMENTS

|                                              | (Loss)(Numerator) |                          | Shares(Denominator) |   | Basic(Loss) |   | Per                      Share Amount |
|---------------------------------------------------|-------------------|-------------------------------|---------------------|--------|-------------|--------|--------------------------------------------|
|                                              |              |                          |      |   |        |   |                                            |
| For                    the Eight Months Ended     | $                 | $                    (46,369) |                |   | 10,900,000  |   |                                       |   |   | $ | $                    (0.00 |
| For                    the Year Ended   | $                 | $                    (38,715  |                |   | 10,900,000  |   |                                       |   |   | $ | (0.00) |

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|                                                    | August                      31, 2006 |     | August                      31, 2007 |
|---------------------------------------------------------|--------------------------------------|----------|--------------------------------------|
| Income                    tax expense at statutory rate | $                                    | 18,084   |                                 | $ | 13,163 |
| Common                    stock issued for services     |                                 | (195)    |                                 |   | -0- |
| Valuation                    allowance                  |                                 | (17,889) |                                 |   | (13,163) |
|                                                    |                                 |     |                                 |   |   |
| Income                    tax expense per books         | $                                    | -0-      |                                 | $ | -0- |

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|                                      | August                      31, 2006 |     | August                      31, 2007 |
|-------------------------------------------|--------------------------------------|----------|--------------------------------------|
| NOL                    Carryover          | $                                    | 17,889   |                                 | $ | 31,052 |
| Valuation                    allowance    |                                 | (17,889) |                                 |   | (31,052) |
|                                      |                                 |     |                                 |   |   |
| Net                    deferred tax asset | $                                    | -0-      |                                 | $ | -0- |

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**Item        8. Changes In and Disagreements with Accountants on Accounting and Financial****Disclosure**

**Item        8A. Controls and Procedures**

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**Item        8B. Other information**

**PART        III**

**Item        9. Directors, Executive Officers, Promoters and Control Persons; Compliance        with****Section        16(a) of the Exchange Act**

| **Name**                           | **Position                  Held with the Company**                                                           | **Age** | **Date                  First Elect****ed                  or Appointed** |
|------------------------------------|---------------------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------|
| Virginia                  F. Perry | President,                  Director, Treasurer (Principal                  Accounting Officer) and Secretary | 52      | October                  7, 2005                                          |

**Virginia        Ford Perry **

**Term        of Office**

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**Significant        Employees**

**Family        Relationships**

**Involvement        in Certain Legal Proceedings**

**Audit        Committee**

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| 1.   | Reviewed                and discussed the audited financial statements with management,                and |
|----------------|------------------------------------------------------------------------------------------------------------|
| 2.   | Reviewed                and discussed the written disclosures and the letter from our independent                auditors on the matters relating to the auditor's                independence. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Section        16(a) Beneficial Ownership Reporting Compliance**

**Code        of Ethics Disclosure **

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**Item        10. Executive Compensation**

**Summary        Compensation Table**

| SUMMARY                  COMPENSATION TABLE                                    |
|--------------------------------------------------------------------------------|
| Name                  and                  principal                  position | Year | Salary ($) | Bonus($) |  Stock                  Awards($) | Option                  Awards                  ($) | Non-EquityIncentive                  PlanCompensation($) | NonqualifiedDeferredCompensationEarnings                  ($) | All                  Other Compensation($) | Total($) |
| Virginia                  F. Perry, President                                  | 20072006 | $0$0 | $0$0 | $0$0 | $0$0 | $0$0 | $0$0 | $0$0 | $0$0 |

**Narrative        Disclosure to the Summary Compensation Table**

**Stock        Option Grants**

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**Outstanding        Equity Awards at Fiscal Year-End**

| **OUTSTANDING                  EQUITY AWARDS AT FISCAL YEAR-END**                              |
|------------------------------------------------------------------------------------------------|
| OPTION                  AWARDS                                                                 | STOCK                  AWARDS |
|                Name |          Number                  of Securities                  Underlying                  Unexercised                  Options                  (#)Exercisable |          Number                  of Securities                  Underlying                  Unexercised                  Options(#)Unexercisable |      Equity                  IncentivePlan                  Awards:Number                  of Securities                  Underlying                  Unexercised                  Unearned                  Options                  (#) |             Option                  ExercisePrice($) |             Option                  Expiration                  Date |       Number                  of                  Shares                  or                  Units of                  Stock                  That Have                  Not                  Vested(#) |    Market                  Value                  of                  Shares                  or                  Units                  of                  Stock                  That                  Have                  Not                  Vested                  ($) |  Equity                  IncentivePlan                  Awards:Number                  of                  UnearnedShares,                  Units                  or Other                  Rights                  That                  HaveNot                  Vested                  (#) | Equity                  Incentive                  Plan                  Awards:                  Market                  or Payout                  Value                  of Unearned                  Shares,                  Units                  or Other                  Rights                  That                  Have                  NotVested(#) |
| Virginia                  F. Perry                                                             | - | - | - | - | - | - | - | - | - |

**Compensation        of Directors**

| **DIRECTOR                  COMPENSATION** |
|--------------------------------------------|
| Name                                       | Fees                  Earned or Paid                  in Cash                  ($) |   Stock                  Awards($) |   Option                  Awards($) | Non-Equity                  Incentive                  Plan                  Compensation($) | Non-QualifiedDeferredCompensationEarnings($) |  All                  OtherCompensation($) |    Total($) |
| Virginia                  F. Perry         | - | - | - | - | - | - | - |

**Narrative        Disclosure to the Director Compensation Table**

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**Item        11. Security Ownership of Certain Beneficial Owners and Management and Related****Stockholder        Matters**

| **Title                  of class**                                      | **Name                  and address of beneficial owner**                                                    | **Amount                  of beneficial ownership** | **Percent                  of class** |
|--------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------|-----------------------------------------------------|---------------------------------------|
| Common                  Stock                                            | Virginia                  F. Perry130                  Mountain Laurel DriveAspen,                  CO 81611 | 5,500,000                                           | 50.4%                                 |
|  **Total                  of all directors and executive officers** | 5,500,000                                                                                                    | 50.4%                                               |

| (1)  | The                  persons named above have full voting and investment power with                  respect to                  the shares indicated. Under the rules of the Securities and Exchange                  Commission, a person (or group of persons) is deemed to be a "beneficial                  owner" of a security if he or she, directly or indirectly, has                  or shares                  the power to vote or to direct the voting of such security, or                  the power                  to dispose of or to direct the disposition of such security. Accordingly,                  more than one person may be deemed to be a beneficial owner of                  the same                  security. A person is also deemed to be a beneficial owner of any                  security, which that person has the right to acquire within 60                  days, such                  as options or warrants to purchase our common stock. |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (2)  | The                  percent of class is based on 10,900,000 shares of common stock                  issued and                  outstanding as of August 31, 2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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**Item        12. Certain Relationships and Related        Transactions**

| §   | Any                of our directors or officers; |
|--------------------|--------------------------------------------------|
| §   | Any                person proposed as a nominee for election as a                director; |
|--------------------|--------------------------------------------------------------------------------------------|
| §   | Any                person who beneficially owns, directly or indirectly, shares carrying                more                than 10% of the voting rights attached to our outstanding shares                of common                stock; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| §   | Any                of our promoters; |
|--------------------|--------------------------------------|
| §   | Any                relative or spouse of any of the foregoing persons who has the same                house                address as such person. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

** **

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**Item        13. Exhibits**

| ExhibitNumber | Description                                                                                                                                                                                                                                                        |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1           | Articles                  of Incorporation (1)                                                                                                                                                                                                                     |
| 3.2           | By-laws                  (1)                                                                                                                                                                                                                                       |
| 23.1     | Consent                of Moore & Associates                                                                                                                                                                                                                   |
| 31.1          | Certification                  of Chief Executive Officer pursuant to                  Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant                  to                  Section 302 of the Sarbanes-Oxley Act of 2002                    |
| 31.2          | Certification                  of Chief Financial Officer pursuant to                  Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant                  to                  Section 302 of the Sarbanes-Oxley Act of 2002                    |
| 32.1          | Certification                  of Chief Executive Officer and Chief                  Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted                  pursuant                  to Section 906 of the Sarbanes-Oxley Act of                  2002 |

| (1)   | Incorporated                by reference to our Form SB-2 filed with the Securities and Exchange                Commission on October 3, 2006. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

**Item        14. Principal Accountant Fees and Services**

**Audit        Fees**

**Audit-Related        Fees**

**Tax        Fees**

**All        Other Fees**

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**SIGNATURES**

**Bridgefilms,        Inc.**

| By:    | /s/                  Virginia F. Perry                                                                                                                                                                                                                                       |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Virginia                  F. PerryPresident,                  Chief Executive Officer, Chief Financial Officer, Principal Financial                  Officer, Principal Executive Officer, Treasurer (Principal Accounting                  Officer), Secretary and Director |
|   | November                  27, 2007                                                                                                                                                                                                                                           |

| By:    | /s/                  Virginia F. Perry                                                                                                                                                                                                                                       |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Virginia                  F. PerryPresident,                  Chief Executive Officer, Chief Financial Officer, Principal Financial                  Officer, Principal Executive Officer, Treasurer (Principal Accounting                  Officer), Secretary and Director |
|   | November                  27, 2007                                                                                                                                                                                                                                           |