SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D. C. 20549

                            FORM 10-KSB/A

                          (Amendment No. 3)


[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

    For the fiscal year ended December 31, 2007
                              ------------------
 or

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

For the transition period from            to


                       Commission File No. 0-19047
                       FOOD TECHNOLOGY SERVICE, INC.
          (Exact name of Registrant as specified in its charter)

                       FLORIDA                     59-2618503
(State of Incorporation or Organization)     (Employer Identification Number)

                   502 Prairie Mine Road, Mulberry, FL      33860
                 (Address of Principal Executive Offices) (Zip Code)

        Registrant's telephone number, including area code: (863) 425-0039
        Securities registered pursuant to Section 12(b) of the Act:  None
        Securities registered pursuant to Section 12(g) of the Act:  Common
                          Stock, $.01 par value


     Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15 (d) of the Act.   [  ]

     Indicate by check mark whether the Registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.  Yes  [X ]   No  [   ]

     Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B contained in this form, and no disclosure will be
contained, to the best of Registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB.  [X ]

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

     State the issuers revenues for the most recent fiscal year:  $2,092,826.

     As of March 28, 2007, 2,751,303 shares of the Registrant's Common Stock
were outstanding, and the aggregate market value of the voting stock held by
non-affiliates (2,017,882 shares) was approximately $4,116,479 based on the
market price at that date.

                    DOCUMENTS INCORPORATED BY REFERENCE

Proxy Statement for the Annual Meeting of Shareholders scheduled to be held May
14, 2008.
















































PART II

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

Attached as exhibits to this Form 10-KSB/A are certifications of our Chief
Executive Officer (CEO) and Chief Financial Officer (CFO), which are required
in accordance with Rule I 3a- 15 of the Exchange Act. This "Controls and
Procedures" section includes information concerning the controls and controls
evaluation referred to in the certifications.

As of the end of the period covered by this report, an evaluation was performed
on the effectiveness of the design and operation of our disclosure controls and
procedures under the supervision and with the participation of our management,
including our Chief Executive Officer who also acts as the Company's Chief
Financial Officer.  Based upon that evaluation, our Chief Executive and Chief
Financial Officer concluded that the design and operation of our disclosure
controls and procedures were not effective as of the end of the period covered
by this report.

The management of the Company is responsible for establishing and maintaining
adequate internal control over financial reporting (as defined in Securities
Exchange Act Rules 13a-15(f) and 15d-15(f)). The Company's internal control
system was designed to provide reasonable assurance to the Company's management
and board of directors regarding the preparation and fair presentation of
published financial statements.  All internal control systems, no matter how
well designed, have inherent limitations. Therefore, even those systems
determined to be effective can provide only reasonable assurance with respect to
financial statement preparation and presentation.

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

The Company's management assessed the effectiveness of the Company's internal
control over financial reporting as of December 31, 2007. In making this
assessment, it used the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission ("COSO") in Internal Control -
Integrated Framework. Based on this assessment, management believes that, as of
December 31, 2007, the Company's internal control over financial reporting is
effective.

There have been no changes in the Company's internal control over financial
reporting that occurred during the Company's last fiscal quarter that materially
affected, or are reasonably likely to materially affect the Company's internal
control over financial reporting.








                               SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                             FOOD TECHNOLOGY SERVICE, INC.


                                     By:     /s/Richard G. Hunter
                                             ---------------------------
Date: September 18, 2008                        Richard G. Hunter, Ph.D.,
                                             Chief Executive Officer, Chief
                                             Financial Officer and Principal
                                             Accounting Officer