UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   Form 10-KSB/A

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(Mark one)

[X] Annual Report Under Section 13 or 15(d) of the Securities Exchange
    Act of 1934

    For the fiscal year ended December 31, 2007

[ ] Transition Report Under Section 13 or 15(d) of the Securities Exchange
    Act of 1934

    For the transition period from ______________ to _____________

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                         Commission File Number: 0-28453


                              Eight Dragons Company
        (Exact name of small business issuer as specified in its charter)

       Nevada                                                  75-2610236
(State of incorporation)                                (IRS Employer ID Number)

                 211 West Wall Street, Midland, Texas 79701-4556
                    (Address of principal executive offices)

                                 (432) 682-1761
                           (Issuer's telephone number)

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

         Securities registered under Section 12(g) of the Exchange Act:
                         Common Stock - $0.001 par value

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Check  whether  the issuer  has (1) filed all  reports  required  to be files by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period the Company 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 Company's knowledge,  in definitive proxy or information  statements
incorporated  by reference  in Part III of this Form 10-KSB or any  amendment to
this Form 10-KSB. [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act): Yes [X] No [ ]

The issuer's  revenues for the fiscal year ended December 31, 2007 were $-0-.The
aggregate  market value of voting  common  equity held by  non-affiliates  as of
December  31,  2007 was  approximately  $-0-,  as there  are no  current  quotes
available for the Registrant's  equity  securities.  As of August 18, 2008 there
were 362,200 shares of Common Stock issued and outstanding.

Transitional Small Business Disclosure Format: Yes [ ] No [X]
<PAGE>
                                EXPLANATORY NOTE

This Form 10-KSB/A is being filed by Eight Dragons Co. (the  "Company") to amend
the Company's  Annual Report on Form 10-KSB for the year ended December 31, 2007
that was initially filed with the Securities and Exchange Commission (the "SEC")
on February 1, 2008.

This  Form  10-KSB/A  amends  only  Item 8A of Part II of the Form  10-KSB  (the
"Amended  Item").  In accordance with Rule 12b-15 under the Securities  Exchange
Act of 1934, as amended (the "Exchange  Act"), the Amended Item has been amended
and restated in its entirety.  No attempt has been made in this Form 10-KSB/A to
modify or update other disclosures as presented in the 10-KSB. In addition,  the
currently-dated certifications from our Principal Executive Officer, as required
by Rule 12b-15  under the  Exchange  Act,  are filed with this Form  10-KSB/A as
Exhibits 31 and 32.

ITEM 8A - CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

As of the date of this filing,  an evaluation of the effectiveness of the design
and operation of Eight Dragons Company's  disclosure controls and procedures was
carried out under the  supervision  and with the  participation  of  management,
including our Chief Executive and Financial Officer. Based upon that evaluation,
our  Chief  Executive  and  Financial   Officer  concluded  that  the  Company's
disclosure controls and procedures are effective. There have been no significant
changes in our internal  controls or in other  factors that could  significantly
affect internal controls subsequent to the date we carried out the evaluation.

MANAGEMENT'S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Our management is responsible for establishing and maintaining adequate internal
control  over  financial  reporting  for the  company in  accordance  with Rules
13a-15(f)  and  15d-15(f)  under the Exchange  Act.  Our  internal  control over
financial  reporting is designed to provide reasonable  assurance  regarding the
(i)  effectiveness  and efficiency of operations,  (ii) reliability of financial
reporting and the preparation of financial  statements for external  purposes in
accordance with generally accepted accounting  principles,  and (iii) compliance
with applicable laws and regulations.

Because of its inherent  limitations,  internal control over financial reporting
may not prevent or detect misstatements.  Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate  because of changes in  conditions,  or that the degree of compliance
with the policies or procedures may deteriorate.

Management's  assessment of the effectiveness of the Company's  internal control
over financial  reporting is as of the year ended December 31, 2007.  Because we
have only one officer and director, the Company is not able to segregate duties.
As a result, the Company's internal controls have an inherent weakness which may
increase the risks of errors in financial reporting under current operations.

This  annual  report  does not include an  attestation  report of the  Company's
registered  public  accounting  firm regarding  internal  control over financial
reporting.  Management's  report was not subject to attestation by the Company's
registered  public  accounting  firm pursuant to temporary rules of the SEC that
permit the Company to provide only management's report in this annual report.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

There  was no change in our  internal  control  over  financial  reporting  that
occurred during quarter ended December 31, 2007 that has materially affected, or
is reasonably likely to materially  affect,  our internal control over financial
reporting.

                                       2
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                                   SIGNATURES

In accord with Section 13 or 15(d) of the  Securities  Act of 1933,  as amended,
the Company  caused  this report to be signed on its behalf by the  undersigned,
thereto duly authorized.
                                              EIGHT DRAGONS CO.


Dated: August 19, 2008                        By: /s/ Glenn A. Little
       ---------------                           -------------------------------
                                                                 Glenn A. Little
                                                             President, Director
                                                     Chief Executive Officer and
                                                         Chief Financial Officer

In accordance with the Securities Exchange Act of 1934, as amended,  this report
has been signed below by the  following  persons on behalf of the Company and in
the capacities and on the date as indicated.


Dated: August 19, 2008                        By: /s/ Glenn A. Little
       ---------------                           -------------------------------
                                                                 Glenn A. Little
                                                             President, Director
                                                     Chief Executive Officer and
                                                         Chief Financial Officer

                                       3
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                                  EXHIBIT INDEX


The following Exhibits are filed herewith:

Exhibit Number                          Description of Document
--------------                          -----------------------

     31             Chief Executive Officer's Written Certification of Financial
                    Statements pursuant to Section 302 of the Sarbanes-Oxley
                    Act of 2002.

     32             Chief Executive Officer's Written Certification of Financial
                    Statements pursuant to 18 U.S.C.Statute 1350.