SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-KSB

(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________.

                         Commission file number 0-28963

                          STRATEGIC ACQUISITIONS, INC.
                          ----------------------------
       (Exact name of small business issuer as specified in its charter)

Nevada                                           13-3506506
------                                           ----------
(State or Other Jurisdiction of       (IRS Employer Identification No.)
Incorporation or Organization)


10 West Street, Suite 28-C, New York, NY            10004
----------------------------------------------      -----
(Address of Principal Executive Offices)        (Zip Code)


                                 (212) 750-3355
                                 --------------
                          (Issuer's Telephone Number)

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

                   Securities under Section 12(g) of the Act:

                                  Common Stock
                                  ------------
                                (Title of Class)

<PAGE>


     Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such Filing requirements for the past 90 days.
Yes [x] No [ ]

     Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB. [ ]

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

     Issuer's income for fiscal year 2007 was $2,250.

     The aggregate market value of the voting and non-voting common equity held
by the issuer's nonaffiliates, as of March 12, 2008, was $110,600.

     As of December 31, 2007, a total of 1,610,000 shares of common stock were
issued and outstanding.

     Transitional Small Business Disclosure Format: No.
<PAGE>

                               TABLE OF CONTENTS

                                                                Page

PART I.........................................................  1

Item 1.   Description of Business..............................  1

Item 1A.  Risk Factors.........................................  2

Item 2.   Description of Property..............................  8

Item 3.   Legal Proceedings....................................  8

Item 4.   Submission of Matters to a Vote of Security .........  8
          Holders


PART II........................................................  8

Item 5.   Market for Common Equity and Related Shareholder.....  8
          Matters

Item 6.   Management's Discussion and Analysis or Plan of......  9
          Operations

Item 7.   Financial Statements.................................  9-10

Item 8.   Changes in and Disagreements with Accountants on.....  11
          Accounting and Financial Disclosure

Item 8A.  Controls and Procedures..............................  11


PART III.......................................................  12

Item 9.   Directors, Executive Officers, Promoters and.........  12
          Control Persons; Compliance With Section 16(a)
          of the Exchange Act.

Item 10.  Executive Compensation...............................  13

Item 11.  Security Ownership of Certain Beneficial Owners......  13

Item 12.  Certain Relationships and Related Transactions.......  14

Item 13.  Exhibits and Reports on Form 8-K.....................  14

Item 14.  Principal Accountant Fees and Services...............  15

Signatures.....................................................  16


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<PAGE>


                                     PART I

Item 1.  Business.

General

Strategic Acquisitions, Inc. (the "Company" or "Strategic") was incorporated
under the laws of the State of Nevada on January 27, 1989, and is in the
developmental stage. Since inception the Company had no revenues other than
nominal interest income. As of the date hereof, the Company has no commercial
operations, has no full- or part-time employees, and owns no real estate.

The Company's current business plan is to seek, investigate, and, if warranted,
acquire a business, and to pursue other related activities intended to enhance
shareholder value. The acquisition of a business opportunity may be made by
purchase, merger, exchange of stock, or otherwise, and may encompass assets or a
business entity, such as a corporation, joint venture, or partnership. The
Company has limited capital, and it is unlikely that the Company will be able to
take advantage of more than one such business opportunity. The Company intends
to seek opportunities demonstrating the potential of long-term growth as opposed
to short-term earnings.

At the present time the Company has not identified any business opportunity
that it plans to pursue, nor has the company reached any agreement or
definitive understanding with any person concerning an acquisition.

No assurance can be given that the Company will be successful in finding or
acquiring a desirable business opportunity, given that limited funds are
available for acquisitions, or that any acquisition that occurs will be on
terms that are favorable to the Company or its stockholders.

The Company's search will be directed toward small and medium-sized enterprises
which have a desire to become public corporations and which are able to satisfy,
or anticipate in the reasonably near future being able to satisfy, the minimum
asset requirements in order to qualify shares for trading on NASDAQ or a stock
exchange.

The business development process is more fully described in the Company's FORM
10-SB Registration Statement filed with the Securities and Exchange Commission
January 18, 2000, incorporated herein by this reference. Since such filing
there has been no change in the Company's business.


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<PAGE>
Item 1A. Risk Factors

Our business, financial  condition,  operating results and prospects are subject
to  the  following  risks.  Additional  risks  and  uncertainties not  presently
foreseeable  to us  may  also impair  our  business  operations.  If any of  the
following risks actually occurs, our business,  financial condition or operating
results could be materially adversely affected.  In such case, the trading price
of our common stock could decline,  and our stockholders may lose all or part of
their investment in the shares of our common stock.

     1.  OFFICERS  AND  DIRECTORS OF  STRATEGIC  MAY HAVE  CERTAIN  CONFLICTS OF
INTEREST  WHICH ARE  ADVERSE TO THE  COMPANY  AND MAY ALSO BE  AFFORDED  CERTAIN
OPPORTUNITIES THAT ARE NOT EXTENDED TO OTHER STRATEGIC SHAREHOLDERS.

     Certain  conflicts of interest may exist between Strategic and its officers
and  directors.  Such officers and directors  have other  business  interests to
which they  devote  their  attention,  and may be  expected to continue to do so
although  management  should  devote  time to the  business of  Strategic.  As a
result,  conflicts  of  interest  may arise that can be  resolved  only  through
exercise of such judgment as is consistent  with fiduciary  duties to Strategic.

     It is  anticipated  that each of  Strategic's  officers and  directors  may
actively  negotiate  or  otherwise  consent to the  purchase of a portion of his
common stock as a condition  to, or in  connection  with,  a proposed  merger or
acquisition  transaction.  In this  process,  our  officers  and  directors  may
consider their own personal  pecuniary benefit rather than the best interests of
other  Strategic  shareholders,  and the other  Strategic  shareholders  are not
expected to be afforded the  opportunity to approve or consent to any particular
stock buy-out transaction.

     2. STRATEGIC MAY NOT HAVE SUFFICIENT FUNDS TO FINANCE ANY TRANSACTION OR TO
EXPLOIT OPPORTUNITIES IN ANY BUSINESS IN WHICH STRATEGIC DECIDES TO INVEST.

     Strategic  has very  limited  funds,  and such funds may not be adequate to
take advantage of any available business opportunities.  Even if our funds prove
to be sufficient  to acquire an interest in, or complete a  transaction  with, a
business opportunity, we may not have enough capital to exploit the opportunity.
Our ultimate success may depend upon our ability to raise additional capital. We
have not investigated the  availability,  source, or terms that might govern the
acquisition  of additional  capital and will not do so until we determine a need
for additional financing. If additional capital is needed, there is no assurance
that funds will be available from any source or, if available,  that they can be
obtained on terms  acceptable to us. If not available,  our  operations  will be
limited to those that can be financed with our modest capital.

     3.  OUR COMMON STOCK IS CLASSIFIED AS A "PENNY STOCK" UNDER SEC RULES WHICH
LIMITS THE MARKET FOR OUR COMMON STOCK.

     Since  inception of  trading, our Common Stock has not traded at $5 or more
per share.  Because our  stock is not traded  on a national  securities exchange
registered with the SEC,  if the market  price of the  Common Stock is less than
$5 per share, the Common Stock is classified as a "penny stock."  SEC Rule 15g-9
under the Exchange Act imposes additional sales practice requirements on broker-
dealers  that  recommend the purchase or  sale of penny stocks to  persons other
than those who qualify as an "established customer" or an "accredited investor."

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This includes  the  requirement that a  broker-dealer  must make a determination
that  investments  in  penny stocks are suitable  for the customer and must make
special  disclosures to the customers  concerning the risk of penny stocks. Many
broker-dealers decline to participate in penny-stock transactions because of the
extra requirements imposed on those transactions. Application of the penny-stock
rules to our Common Stock reduces the  market liquidity  of our shares, which in
turn  affects the ability  of holders of our  Common Stock to  resell the shares
they  purchase,  and they may  not be able to  resell at  prices at or above the
prices they paid.

     4. WE MAY  NEVER  FIND A  BUSINESS  OPPORTUNITY  AND IF WE FIND A  BUSINESS
OPPORTUNITY, SUCH OPPORTUNITY MAY NEVER MAKE A PROFIT.

     There  is  no  assurance   that  we  will  acquire  a  favorable   business
opportunity. Even if we should become involved in a business opportunity,  there
is no assurance  that it will generate  revenues or profits,  or that the market
price of our common stock will be increased thereby.

     5. WE CANNOT ACCURATELY ASSESS THE RISK OF ANY FUTURE  TRANSACTIONS AND YOU
MAY LOSE ALL OR PART OF YOUR INVESTMENT IN STRATEGIC.

     We have not  identified  and have no commitments to enter into or acquire a
specific  business  opportunity and therefore can disclose the risks and hazards
of a business or  opportunity  that we may enter into in only a general  manner,
and  cannot  disclose  the  risks  and  hazards  of  any  specific  business  or
opportunity that we may enter into. An investor can expect a potential  business
opportunity to be quite risky. Our acquisition of or participation in a business
opportunity  will likely be highly  illiquid and could result in a total loss to
Strategic  and our  stockholders  if the  business or  opportunity  proves to be
unsuccessful.

     6. WE MAY ENTER INTO A TRANSACTION  WITH A COMPANY THAT IS SEEKING TO AVOID
THE DIFFICULTIES OF EFFECTING ITS OWN PUBLIC OFFERING.

     The  type of  business  to be  acquired  may be one that  desires  to avoid
effecting  its  own  public  offering  and  the  accompanying  expense,  delays,
uncertainties,  and  federal  and state  requirements  which  purport to protect
investors.  Because of our limited capital,  it is more likely than not that any
acquisition  by Strategic  will involve other parties whose primary  interest is
the acquisition of control of a publicly traded company.  Moreover, any business
opportunity  acquired may be currently  unprofitable  or present other  negative
factors.

     7.  WE WILL  NOT BE ABLE TO  PERFORM  AN  EXHAUSTIVE  INVESTIGATION  OF ANY
POTENTIAL STRATEGIC PARTNERS,  WHICH INCREASES THE RISK THAT YOU MAY LOSE ALL OR
PART OF YOUR INVESTMENT IN STRATEGIC.

     Our limited funds and the lack of full-time  management will likely make it
impracticable to conduct a complete and exhaustive investigation and analysis of
a business  opportunity before we commit our capital or other resources thereto.
Management   decisions,   therefore,   will  likely  be  made  without  detailed
feasibility studies, independent analysis, market surveys and the like which, if
we had more funds  available to us, would be desirable.  We will be particularly
dependent in making decisions upon information provided by the promoter,  owner,
sponsor,  or  others  associated  with  the  business  opportunity  seeking  our
participation.  A significant portion of our available funds may be expended for
investigative  expenses and other  expenses  related to  preliminary  aspects of
completing an acquisition  transaction,  whether or not any business opportunity
investigated is eventually acquired.
                                       3
<PAGE>
     8. WE WILL ONLY BE ABLE TO COMPLETE ONE  TRANSACTION  WHICH  INCREASES  THE
RISK THAT YOU MAY LOSE ALL OR PART OF YOUR INVESTMENT IN STRATEGIC.

     Because of our limited financial resources,  it is unlikely that we will be
able to diversify our  acquisitions  or  operations.  Our probable  inability to
diversify  our  activities  into more than one area will  subject us to economic
fluctuations  within a  particular  business or industry  and increase the risks
associated with our operations.

      9. WE ARE HIGHLY  DEPENDENT ON OUR OFFICERS AND  DIRECTORS.  THEIR LACK OF
FULL-TIME  ATTENTION TO OUR BUSINESS MAY  NEGATIVELY  AFFECT OUR ABILITY TO FIND
AND COMPLETE A TRANSACTION,  WHICH COULD REDUCE THE VALUE OF YOUR  INVESTMENT IN
STRATEGIC.

     We currently  have only  two  individuals  who  are serving as our officers
and directors on a part-time basis. We are heavily  dependent upon their skills,
talents,  and  abilities to implement our business  plan,  and may, from time to
time,  find that the  inability of the  officers  and  directors to devote their
full-time  attention to the business of Strategic results in a delay in progress
toward implementing our business plan.  Because you will not be able to evaluate
the merits of possible business acquisitions by Strategic, you should critically
assess the information concerning our officers and directors.

     10. OUR BUSINESS MAY BE NEGATIVELY IMPACTED IF OUR OFFICERS LEAVE.

     We do not have employment  agreements  with our officers,  and as a result,
there is no assurance they will continue to manage  Strategic in the future.  In
connection with acquisition of a business opportunity,  it is likely the current
officers and  directors  of  Strategic  may resign  subject to  compliance  with
Section  14(f) of the Exchange  Act. A decision to resign will be based upon the
identity of the business  opportunity and the nature of the transaction,  and is
likely to occur without the vote or consent of the stockholders of Strategic.

     11. WE MAY INCUR LARGE EXPENSES IF WE WERE REQUIRED TO INDEMNIFY AN OFFICER
OR DIRECTOR AND YOUR INVESTMENT IN STRATEGIC MAY BE NEGATIVELY IMPACTED.

     Nevada statutes  provide for the  indemnification  of directors,  officers,
employees, and agents, under certain circumstances,  against attorney's fees and
other  expenses  incurred by them in any litigation to which they become a party
arising from their  association  with or activities on behalf of Strategic.  Our
By-Laws  further  provide that we will bear the expenses of such  litigation for
any of our directors, officers, employees, or agents, upon such person's promise
to repay us therefor if it is ultimately  determined  that any such person shall
not have been entitled to  indemnification.  This  indemnification  policy could
result in  substantial expenditures by us which we may be unable to recoup.

     12. WE MAY  ENGAGE  IN A  LEVERAGED  TRANSACTION  WHICH  MAY  INCREASE  OUR
EXPOSURE TO LARGER LOSSES,  MAKE IT MORE DIFFICULT TO MAKE A PROFIT AND POSSIBLY
RESULT IN THE LOSS OF ALL OR PART OF YOUR INVESTMENT IN STRATEGIC.

     There is a possibility  that any  acquisition of a business  opportunity by
Strategic may be leveraged, i.e., we may finance the acquisition of the business
opportunity  by borrowing  against the assets of the business  opportunity to be
acquired,  or against the projected  future  revenues or profits of the business
opportunity.  This could  increase  our  exposure to larger  losses.  A business
opportunity  acquired  through a leveraged  transaction is profitable only if it
generates  enough  revenues to cover the related debt and  expenses.  Failure to

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<PAGE>
make  payments on the debt incurred to purchase the business  opportunity  could
result  in the loss of a  portion  or all of the  assets  acquired.  There is no
assurance that any business opportunity acquired through a leveraged transaction
will generate sufficient revenues to cover the related debt and expenses.

     13. WE MAY LOSE  VALUABLE  BUSINESS  OPPORTUNITIES  BECAUSE WE HAVE LIMITED
RESOURCES  AND MAY NOT BE ABLE TO  COMPETE  WITH OTHER  FIRMS FOR SUCH  BUSINESS
OPPORTUNITIES.

     The search for potentially  profitable business  opportunities is intensely
competitive.  We expect to be at a  disadvantage  when competing with many firms
that  have  substantially   greater  financial  and  management   resources  and
capabilities  than  Strategic.  These  competitive  conditions will exist in any
industry in which Strategic may become interested.

     14. WE DO NOT PLAN ON PAYING ANY  DIVIDENDS  ON OUR COMMON  STOCK WHICH MAY
MAKE OUR COMMON STOCK A LESS ATTRACTIVE INVESTMENT TO FUTURE POTENTIAL INVESTORS
AND HAVE A NEGATIVE IMPACT ON THE VALUE OF YOUR INVESTMENT IN STRATEGIC.

     We have not paid  dividends  on our common  stock and we do not  anticipate
paying such dividends in the foreseeable future.

     15. WE MAY SELL  CONTROL OF  STRATEGIC  TO AN OUTSIDE  INVESTOR AND CURRENT
MANAGEMENT OF STRATEGIC MAY BE REPLACED. IN ADDITION,  YOUR PERCENTAGE OWNERSHIP
OF STRATEGIC MAY BE GREATLY REDUCED BY SUCH A TRANSACTION AND YOU WILL HAVE LESS
VOTING CONTROL OVER STRATEGIC.

     We  may  consider  an  acquisition  in  which   Strategic  would  issue  as
consideration  for the  business  opportunity  to be  acquired  an amount of our
authorized but unissued  common stock that would,  upon issuance,  represent the
great  majority of  Strategic's  voting power and equity.  The result of such an
acquisition  would be that the acquired  company's  stockholders  and management
would control Strategic, and our management could be replaced by persons unknown
at this time.  Such a merger would  result in a greatly  reduced  percentage  of
ownership  of  Strategic by our current  shareholders.  In  addition,  our major
shareholders  could  sell  control  blocks  of stock at a  premium  price to the
acquired company's stockholders.

     16. BECAUSE CERTAIN SHARES OF OUR COMMON STOCK ARE "RESTRICTED  SECURITIES"
THEY ARE  SUBJECT  TO  CERTAIN  TRADING  RESTRICTIONS  WHICH  MAY  CAUSE  YOU TO
EXPERIENCE DELAYS AND EXPENSES IN THE SALE OF SUCH SECURITIES.

     The  outstanding  shares of  common  stock  held by  present  officers  and
directors are "restricted  securities"  within the meaning of Rule 144 under the
Act.  As  restricted  shares,  these  shares may be resold  only  pursuant to an
effective  registration statement or under the requirements of Rule 144 or other
applicable  exemptions  from  registration  under the Act and as required  under
applicable state securities laws. Rule 144 provides in essence that an affiliate
who  has held restricted  securities  for six months  (in the case of  reporting
issuers)  or  for one year  (in  the case  of non-reporting issuers) may,  under
certain  conditions,  sell  every  three  months, in  brokerage transactions,  a
number of  shares that  does not  exceed  the  greater  of  1.0% of a  company's
outstanding  common  stock or the average  weekly trading volume during the four
calendar weeks prior to the sale.  There is no limit on the amount of restricted
securities  that may be sold by a nonaffiliate  after the restricted  securities

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have been held by the owner for a period of six months (in the case of reporting
issuers) or for one year  (in the case of  non-reporting issuers).  A sale under
Rule 144 or under any other  exemption  from the Act,  if available, or pursuant
to  subsequent  registration  of shares of  a company's common  stock of present
stockholders,  may have a  depressive  effect upon the price of the common stock
in any market that may develop. We believe that all of the Company's outstanding
shares are currently eligible for sale,  subject to volume limitations  on those
shares held by  Strategic's directors, officers and other holders of 10% or more
of Strategic's outstanding shares.

      17.  THERE MAY BE  RESTRICTIONS  ON YOUR  ABILITY TO RESELL YOUR SHARES OF
STRATEGIC DUE TO RESTRICTIONS UNDER STATE BLUE SKY LAWS.

     Because our securities  have not been  registered for resale under the blue
sky laws of any state,  the  holders of such  shares and  persons  who desire to
purchase them in any trading market that might develop in the future,  should be
aware that there may be  significant  state blue-sky law  restrictions  upon the
ability of investors to sell the  securities  and of  purchasers to purchase the
securities. Some jurisdictions may not under any circumstances allow the trading
or resale of  blind-pool or  "blank-check"  securities.  Accordingly,  investors
should consider the secondary market for our securities to be a limited one.

     18. YOU MAY BE PREVENTED FROM SELLING YOUR SHARES OF STRATEGIC.

     Many states have enacted  statutes or rules which  restrict or prohibit the
sale of  securities  of "Blank  Check"  companies  to  residents so long as they
remain without specific  business plans. To the extent any current  shareholders
or subsequent purchaser from a shareholder may reside in a state which restricts
or  prohibits  resale of shares in a "Blank  Check"  company,  warning is hereby
given that the shares may be "restricted"  from resale as long as we are a shell
company.

     At the  date of this  registration  statement,  we  have  no  intention  of
offering further shares in a private offering to anyone.  Further, the policy of
the Board of Directors  is that any future  offering of shares will only be made
after an  acquisition  has been made and can be  disclosed  in  appropriate  8-K
filings.

     In the event of a violation of state laws regarding resale of "Blank Check"
shares we could be liable  for civil and  criminal  penalties  which  would be a
substantial impairment to us.

     19.  WE  WILL BE  EXPOSED TO  RISKS RELATING TO THE EVALUATIONS OF INTERNAL
CONTROL OVER FINANCIAL  REPORTING REQUIRED BY  SECTION 404 OF THE SARBANES-OXLEY
ACT  OF  2002  AND  ANY  FAILURE TO  MAINTAIN  EFFECTIVE  INTERNAL  CONTROL OVER
FINANCIAL REPORTING COULD RESULT IN A NEGATIVE IMPACT ON OUR BUSINESS.

     Section 404 of the Sarbanes-Oxley Act of 2002 requires that we evaluate and
report  on  our system  of internal controls beginning with our Annual Report on
Form 10-KSB for the year ending  December 31, 2007, and that we have such system
of internal controls  audited beginning  with our Annual Report on Form 10-K for
the year ending  December 31, 2008.   If we fail to maintain the adequacy of our
internal controls, we could be subject to regulatory scrutiny, civil or criminal
penalties  and/or  stockholder litigation.   Any inability  to provide  reliable

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financial  reports could harm our business.  Ultimately, our management  will be
responsible  for  assessing  the  effectiveness  of  our  internal control  over
financial  reporting, and our independent registered public accounting firm will
be requested to attest to that assessment.  We are required to document and test
our internal control systems and  procedures for financial  reporting as part of
this process.   Furthermore, any failure  to implement required  new or improved
controls, or difficulties encountered in the implementation of adequate controls
over  our  financial  processes and  reporting in  the future,  could  harm  our
operating  results  or  cause  us to  fail to  meet our  reporting  obligations.
Inferior internal controls  could also cause investors to lose confidence in our
Reported  financial  information,  which could have a negative impact in seeking
future funding our business.

     20.  COMPLIANCE  WITH  SECTION 404  OF THE  SARBANES-OXLEY ACT OF 2002 WILL
CAUSE  US TO INCUR  INCREASED EXPENSES AND WILL REQUIRE OUR MANAGEMENT TO DEVOTE
ADDITIONAL RESOURCES.

     Beginning  with our  2007 fiscal year,  we incurred additional expenses and
devoted  additional  resources  in order to achieve compliance with Section 404.
We  expect to  incur significant  additional expenses and  to devote  additional
resources to  Section 404 compliance  during fiscal 2008 and on an ongoing basis
as  additional  requirements under  Section 404 become applicable to us.   It is
difficult  for us to predict how long it will take to complete the assessment of
the effectiveness of our internal control over financial reporting for each year
and  to  remediate  any  deficiencies in  our  internal control  over  financial
reporting.  As a result, we  may  not  be  able to  complete the assessment  and
remediation process on a timely basis.  In addition, the  attestation process by
our  independent  registered  public  accounting  firm  will be  new and  we may
encounter problems or  delays in  completing the implementation of any requested
improvements  and receiving  an attestation of our assessment by our independent
registered public accounting firm.

     21.  PUBLIC  COMPANY  COMPLIANCE  MAY MAKE IT MORE DIFFICULT TO ATTRACT AND
RETAIN OFFICERS AND DIRECTORS.

     The  Sarbanes-Oxley  Act of 2002  and new rules subsequently implemented by
the  SEC have required changes in  the corporate governance  practices of public
companies.  As a public company,  we expect these  new rules and  regulations to
increase our  compliance costs in 2008 and beyond and to make certain activities
more time consuming and costly. These  factors may make it more difficult for us
to attract and retain qualified persons to serve on our board of directors or as
executive officers.

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ITEM 2.   Description of Property.

The Company has no property.  The Company does not currently maintain an office
or any other facilities. It does currently maintain a mailing address at the
home of its President, John P. O'Shea, 10 West Street, Suite 28-C, New York,
New York 10004. The Company pays no rent for the use of this mailing address.
The Company does not believe that it will need to maintain an office at any
time in the foreseeable future in order to carry out its plan of operations
described herein.

ITEM 3.   Legal Proceedings.

The Company is not a party to any legal proceedings, and no such proceedings
are known to be contemplated.

ITEM 4.   Submission of Matters to a Vote of Security Holders.

None.



                                    PART II

ITEM 5.   Market for Common Equity and Related Shareholder Matters.

There is a limited public trading market for the Company's shares of common
stock on the Over-the-Counter Bulletin Board, under the symbol STQN. The
following table shows the quarterly high and low bid prices during 2006 and
2007 as reported by Bloomberg, LP.  These are the inter-dealer bid quotations,
without retail mark-up, mark-down or commission, and may not represent actual
transactions.

      YEAR            PERIOD                       HIGH         LOW
     ------        -------------                   ----        ----
     2006          First Quarter                   0.35        0.25
                   Second Quarter                  0.35        0.35
                   Third Quarter                   0.35        0.35
                   Fourth Quarter                  0.35        0.35

     2007          First Quarter                   0.35        0.35
                   Second Quarter                  0.35        0.35
                   Third Quarter                   0.35        0.20
                   Fourth Quarter                  0.20        0.20

At March 12, 2008, there were approximately 60 record holders and 85 beneficial
owners of the Company's common stock.

The Board of Directors has never declared a dividend and the Company does not
anticipate paying dividends at any time in the foreseeable future. Also, in the
event of the acquisition of a business by the Company, control of the Company
and its Board of Directors may pass to others and the payment of dividends would
be wholly dependent upon the decisions of such persons.

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ITEM 6.   Management's Discussion and Analysis or Plan of Operation.

          PLAN OF OPERATION

The following Plan of Operation should be read in conjunction with the
accompanying audited financial statements for the year ended December 31, 2007.

The Company remains in the development stage and has limited capital resources
and stockholder's equity. At December 31, 2007, the Company had current assets
in the form of cash and cash equivalents of $75,605 and liabilities of $0.

The Company has not realized any revenues from operations in the past two
years, and its plan of operation for the next twelve months shall be to
continue its efforts to locate a suitable acquisition/merger candidate. The
Company can provide no assurance that it will continue to satisfy its cash
requirements for the next twelve months if a suitable acquisition/merger is
completed.

It is unlikely the Company will have any revenue, other than interest income,
unless it is able to effect an acquisition of or merger with an operating
company, of which there can be no assurance.

ITEM 7.   Financial Statements.



                      THIS AREA INTENTIONALLY LEFT BLANK
                 Item 7. Financial Statements Begin on Page 10






                                       9
<PAGE>



                                    PART F/S

                           STRATEGIC ACQUISITIONS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          INDEX TO FINANCIAL STATEMENTS

                                    CONTENTS

                                                                     PAGE
                                                                     ----

Report of Independent Registered Public Accounting Firm               F1

Balance Sheet, December 31, 2007                                      F2

Statements of Operations for the Years Ended
December 31, 2007 and 2006 and for the period from                    F3
Inception (January 27, 1989) to December 31, 2007

Statements of Stockholders' Equity, period from
Inception (January 27, 1989) to December 31, 2007                     F4

Statements of Cash Flows for the Years Ended
December 31, 2007 and 2006 and for the period from                    F5
Inception (January 27, 1989) to December 31, 2007

Notes to Financial Statements                                        F6-9


                                       10
<PAGE>



                          [COMISKEY & CO. LETTERHEAD]

           REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


Board of Directors
Strategic Acquisitions, Inc.
New York, NY


We have audited the accompanying balance sheet of Strategic Acquisitions, Inc.
(the "Company") (a development stage company), as of December 31, 2007, and the
related statements of operations, stockholders' equity, and cash flows for the
years ended December 31, 2007 and 2006, and for the period from inception
(January 27, 1989) to December 31, 2007.  These financial statements are the
responsibility of the Company's management.  Our responsibility is to express
an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (U.S.).  Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting.  Our audits included consideration of internal control
over financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting.  Accordingly, we express no such opinion.  An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements.  An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Strategic Acquisitions, Inc.
as of December 31, 2007, and the results of its operations and cash flows for
the years ended December 31, 2007 and 2006, and for the period from inception
(January 27, 1989) to December 31, 2007, in conformity with accounting
principles generally accepted in the United States of America.


Denver, Colorado
March 27, 2008


                                                   /s/ Comiskey & Company

                                                   Professional Corporation

                                       F1
<PAGE>



                           STRATEGIC ACQUISITIONS INC.
                          (A Development Stage Company)
                                 BALANCE SHEET



                                                      December 31,
                                                         2007
                                                         ----

ASSETS

Current Assets:

     Cash and Equivalents                               $ 75,605
                                                         -------
     TOTAL CURRENT ASSETS                               $ 75,605
                                                         =======

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

     Accounts Payable                                   $      -
                                                         -------
     TOTAL CURRENT LIABILITIES                                 -

Stockholders' Equity
    Common Stock, $0.001 par value; 50,000,000
      Shares authorized; 1,610,000 shares
      issued and outstanding                               1,610
    Additional Paid-In Capital                           186,793
    Accumulated Deficit                                 (112,798)
                                                         --------
       TOTAL STOCKHOLDERS' EQUITY                         75,605
                                                         -------
       TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY       $ 75,605
                                                         =======


The accompanying notes are an integral part of these financial statements.


                                       F2


<PAGE>


                           STRATEGIC ACQUISITIONS INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS



                                   For the period
                                   from inception   For the year   For the year
                                (January 27, 1989)         ended          ended
                                   to December 31,   December 31,   December 31,
                                             2007           2007           2006
                                     ------------   ------------   ------------


Revenue                              $          -   $          -   $          -

                                     ------------   ------------   ------------
Expenses:
   General & Administrative               213,252          6,411          8,250
   General & Administrative
       - related party                      8,100              -              -
                                     ------------   ------------   ------------
         Total Expenses                   221,352          6,411          8,250
                                     ------------   ------------   ------------

Other Income:
   Interest Income                         63,573          2,250          2,322
   Miscellaneous Income                    30,013
   Gain on Debt Extinguishment             14,968              -              -
                                     ------------   ------------   ------------
         Total Other Income               108,554          2,250          2,322
                                     ------------   ------------   ------------

      NET LOSS                       $   (112,798)  $     (4,161)  $     (5,928)
                                     ============   ============   ============

Weighted Average Number of
  Common Stock Outstanding
  - Basic & Fully Diluted               1,598,460      1,610,000      1,610,000
                                     ============   ============   ============

Net Income (Loss) Per Common Share   $      (0.07)  $      (0.00)  $      (0.00)
  - Basic & Fully Diluted            ============   ============   ============



The accompanying notes are an integral part of these financial statements.


                                       F3
<PAGE>


                           STRATEGIC ACQUISITIONS INC.
                          (A Development Stage Company)
                       STATEMENTS OF STOCKHOLDERS' EQUITY
<TABLE>
<C>    <C>
                                                 Additional   Total Accumulated
                                 Common Stock      Paid-In      Stockholder's
                               Shares     Amount   Capital  (Deficit)   Equity
                             ---------- --------- --------- --------- ---------
Issuance of common stock
on July 31, 1989 for cash
of $0.0044 per share          1,360,000 $  1,360  $  4,640 $      -  $   6,000

Public offering - 40,000 units
(six shares per unit) @ $6.00
per unit, net of costs          240,000       240   179,063        -    179,303

Net (Loss), Inception to
   December 31, 2002                                          (80,797)  (80,797)
                              --------- --------- --------- --------- ---------
Balance, December 31, 2002    1,600,000     1,600   183,703   (80,797)  104,506

Net (Loss), December 31, 2003                                  (5,877)   (5,877)
                              --------- --------- --------- --------- ---------
Balance - December 31, 2003   1,600,000     1,600   183,703   (86,674)   98,269

Issuance of common stock
on June 30, 2004 at market value
($0.31 per share) for services   10,000        10     3,090               3,100

Net (Loss), December 31, 2004                                  (5,209)   (5,209)
                              --------- --------- --------- --------- ---------
Balance, December 31, 2004    1,610,000     1,610   186,793   (91,883)   96,520

Net (Loss), December 31, 2005                                 (10,826)  (10,826)
                              --------- --------- --------- --------- ---------
Balance - December 31, 2005   1,610,000     1,610   186,793  (102,709)   85,694

Net (Loss), December 31, 2006                                  (5,928)   (5,928)
                              --------- --------- --------- --------- ---------
Balance - December 31, 2006   1,610,000     1,610   186,793  (108,637)   79,766

Net (Loss), December 31, 2007                                  (4,161)   (4,161)
                              --------- --------- --------- --------- ---------
Balance - December 31, 2007   1,610,000 $   1,610 $ 186,793 $(112,798)$  75,605
                              ========= ========= ========= ========= =========
</TABLE>


The accompanying notes are an integral part of these financial statements.


                                       F4
<PAGE>



                           STRATEGIC ACQUISITIONS INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS

                                     For the period
                                     from inception       For the       For the
                                  (January 27, 1989)   year ended    year ended
                                     to December 31,  December 31,  December 31,
                                               2007          2007          2006
                                        -----------   -----------   -----------


CASH FLOWS FROM OPERATING ACTIVITIES:

     Net Loss                              $ (112,798)  $   (4,161)  $   (5,928)

Adjustments to Reconcile Net Loss to
  Net Cash Used by Operating Activities:

  Increase (Decrease) in accounts payable           -         (507)         507
  Stock issued for Services-related party       3,100            -            -
                                           ----------   ----------   ----------

  Net cash flows from Operating Activities   (109,698)      (4,668)      (5,421)


CASH FLOWS FROM FINANCING ACTIVITIES

   Issuance of common stock, net of costs     185,303            -            -
                                           ----------   ----------   ----------

   Net cash flows from financing activities   185,303            -            -
                                           ----------   ----------   ----------
NET INCREASE (DECREASE) IN CASH
      AND CASH EQUIVALENTS                     75,605      (4,668)      (5,421)

CASH AND CASH EQUIVALENTS,
     BEGINNING OF PERIOD                            -       80,273       85,694
                                           ----------   ----------   ----------

CASH AND CASH EQUIVALENTS,
     END OF PERIOD                         $   75,605   $   75,605   $   80,273
                                           ==========   ==========   ==========



The accompanying notes are an integral part of these financial statements.


                                       F5
<PAGE>
                           STRATEGIC ACQUISITIONS INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                            DECEMBER 31, 2007 AND 2006

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES AND PROCEDURES

ORGANIZATION
The Company was organized January 27, 1989 (Date of Inception) under the laws
of the State of Nevada, as Strategic Acquisitions, Inc.

The Company is an enterprise in the development stage as defined by Statement
No. 7 of the  Financial  Accounting  Standards  Board and has not engaged in
any business other than  organizational  efforts, the sale of stock in a public
offering, and the evaluation of potential acquisition targets.  It has no
full-time employees and owns no real property. The Company intends to seek to
acquire one or more existing  businesses that have existing  management,
through  merger or  acquisition.  Management of the Company will have  virtually
unlimited discretion in determining the business activities in which the Company
might engage.

ESTIMATES
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenue and expenses during the
reporting period.  Actual results could differ from those estimates.

CASH AND CASH EQUIVALENTS
The Company maintains a cash balance in an interest-bearing account that
currently does not exceed federally insured limits.  For the purpose of
the statements of cash flows, all highly liquid investments with an original
maturity of three months or less are considered to be cash equivalents.

CONCENTRATION OF CREDIT RISK
At December 31, 2007, and 2006, the Company maintained all of its cash in one
commercial bank.  The Company has not experienced any losses on such accounts.

REVENUE RECOGNITION
The Company recognizes revenue on an accrual basis as it invoices for services.

REPORTING ON THE COSTS OF START-UP ACTIVITIES
Statement of Position 98-5 (SOP 98-5), "Reporting on the Costs of Start-Up
Activities," which provides guidance on the financial reporting of start-up
costs and organizational costs, requires most costs of start-up activities and
organizational costs to be expensed as incurred.  SOP 98-5 is effective for
fiscal years beginning after December 15, 1998.  With the adoption of SOP 98-5,
there has been little or no effect on the Company's financial statements.

LOSS PER SHARE
Net loss per share is provided in accordance with Statement of Financial
Accounting Standards No. 128 (SFAS #128) "Earnings Per Share".  Basic loss per
share is computed by dividing losses available to common stockholders by the
weighted average number of common shares outstanding during the period.
The Company had no dilutive common stock equivalents, such as stock options or
warrants, as of December 31, 2007.

                                       F6
<PAGE>

ADVERTISING COSTS
The Company expenses all costs of advertising as incurred.  There were no
advertising costs included in selling, general and administrative expenses
for the years ended December 31, 2007 and 2006.

FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value estimates discussed herein are based upon certain market assumptions
and pertinent information available to management as of December 31, 2007.
The respective carrying value of certain on-balance-sheet financial instruments
approximated their fair values. These financial instruments include cash and
accounts payable. Fair values were assumed to approximate carrying values for
cash and payables because they are short term in nature and their carrying
amounts approximate fair values or they are payable on demand.

SEGMENT REPORTING
The Company follows Statement of Financial Accounting Standards No. 131,
"Disclosures About Segments of an Enterprise and Related Information". The
Company operates as a single segment and will evaluate additional segment
disclosure requirements as it expands its operations.

DIVIDENDS
The Company has not yet adopted any policy regarding payment of dividends.
No dividends have been paid or declared since inception.

INCOME TAXES
The Company follows Statement of Financial Accounting Standard No. 109,
"Accounting for Income Taxes" ("SFAS No. 109") for recording the provision
for income taxes.  Deferred tax assets and liabilities are computed based
upon the difference between the financial statement and income tax basis of
assets and liabilities using the enacted marginal tax rate applicable when the
related asset or liability is expected to be realized or settled.  Deferred
income tax expenses or benefits are based on the changes in the asset or
liability each period.  If available evidence suggests that it is more likely
than not that some portion or all of the deferred tax assets will not be
realized, a valuation allowance is required to reduce the deferred tax assets
to the amount that is more likely than not to be realized.  Future changes in
such valuation allowance are included in the provision for deferred income taxes
in the period of change.

Deferred income taxes may arise from temporary differences resulting from
income and expense items reported for financial accounting and tax purposes in
different periods.  Deferred taxes are classified as current or non-current,
depending on the classification of assets and liabilities to which they relate.
Deferred taxes arising from temporary differences that are not related to an
asset or liability are classified as current or non-current depending
on the periods in which the temporary differences are expected to reverse.

                                       F7
<PAGE>
RECENT PRONOUNCEMENTS
In  December 2007,  the Financial Accounting Standards Board ("FASB") revised
Statement of Financial Accounting Standards ("SFAS") No. 141.   This Statement
requires an acquirer to measure the identifiable assets acquired, the
liabilities assumed, and any noncontrolling interest in the acquiree at their
fair values on the acquisition date, with goodwill being the excess value over
the net identifiable assets acquired.  SFAS No. 141(R) is effective as of the
beginning of the Company's first fiscal year beginning on or after December 15,
2008. The Company does not expect application of SFAS No. 141(R) to have a
material effect on its financial statements.

In December 2007,  the  FASB  issued  SFAS No. 160.   This Statement clarifies
that a noncontrolling interest in a subsidiary should be reported as equity
in consolidated financial statements.  The calculation of earnings per share
will continue to be based on income amounts attributable to the parent. SFAS
160 is effective as of the beginning of the Company's first fiscal year that
begins on or after December 15, 2008.  The Company does not expect application
of SFAS No. 160 to  have a  material effect on its financial statements.


NOTE 2 - INCOME TAXES

The Company accounts for income taxes under Statement of Financial Accounting
Standards No. 109, "Accounting for Income Taxes" ("SFAS No. 109"), which
requires use of the liability method.   SFAS No.  109 provides that deferred
tax assets and liabilities are recorded based on the differences between the
tax bases of assets and liabilities and their carrying amounts for financial
reporting purposes, referred to as temporary differences.  Deferred tax assets
and liabilities at the end of each period are determined using the currently
enacted tax rates applied to taxable income in the periods in which the
deferred tax assets and liabilities are expected to be settled or realized.

The provision for income taxes differs from the amount computed by applying the
statutory federal income tax rate to income before provision for income taxes.
The sources and tax effects of the differences are as follows:

                        U.S federal statutory rate       (34.0%)
                        Valuation reserve                 34.0%
                        Total                               - %

As of December 31, 2007, the Company has a net operating loss carryforward of
approximately $112,000 for tax purposes, which will be available to offset
future taxable income.  If not used, this carryforward will expire between
2009 and 2027. The deferred tax asset relating to the operating loss
carryforward has been fully reserved at December 31, 2007. The availability of
this operating loss to offset future earnings may be limited under the change
of control provisions of Internal Revenue Code Section 381.

                                       F8
<PAGE>

NOTE 3 - RELATED PARTY TRANSACTIONS

The Company currently utilizes the home of its president as a mailing
address "rent free".  The officers and directors of the Company are involved
in other business activities and may, in the future, become involved in other
business opportunities.  If a specific business opportunity becomes available,
such persons may face a conflict in selecting between the Company and their
other business interests.  The Company has not formulated a policy for the
resolution of such conflicts.


NOTE 4 - STOCKHOLDERS' EQUITY

The Company is authorized to issue 50,000,000 shares of its $0.001 par value
Common Stock.

On July 31, 1989, the Company issued 1,360,000 shares of its $0.001 par value
Common Stock to its directors for cash in the amount of $6,000.

During the fourth quarter 1989, the Company's public offering was declared
effective.  In connection therewith, the Company sold 40,000 units of Common
Stock at $6.00 per unit.  Each unit consisted of six shares of $0.001 par value
common stock, thirty Class A Warrants, thirty Class B Warrants, and thirty
Class C Warrants.  The Class A Warrants, Class B Warrants, and Class C Warrants
expired on July 15, 2004.

The Company granted the underwriters of its initial public offering Warrants to
purchase an aggregate of 4,000 units that were identical in all respects to the
units sold to the public, pursuant to the terms of the underwriting agreement,
at an exercise price of $6.42 per unit.  The underwriter's warrants expired on
July 15, 2004.

On June 30, 2004, the Company issued 10,000 shares of its $0.001 par value
Common Stock to an officer and director of the Company for services valued at
$3,100.

There have been no other issuances of Common Stock.


NOTE 5 - GAIN ON DEBT EXTINGUISHMENT

In 2004, the Company recorded $14,968 related to trade accounts payable from
a previous year which had been written off by the creditor.  The amount is
shown as a gain from debt extinguishment in the other income and expense
section of the Statements of Operations.


                                       F9

<PAGE>
ITEM 8.   Changes in and Disagreements With Accountants on Accounting and
          Financial Disclosure.

None.

ITEM 8A.  Controls and Procedures.

     As of the end of the period covered by this report, the Company conducted
an evaluation, under the supervision and with the participation of the Principal
Executive Officer and Principal Financial Officer, of the Company's disclosure
controls  and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the
Securities  Exchange Act of 1934 (the "Exchange Act"). Based on this evaluation,
the Principal Executive Officer and Principal Financial Officer concluded that
the Company's disclosure controls and procedures are effective to ensure that
information required to be disclosed by the Company in reports that it files or
submits under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified in Securities and Exchange Commission rules
and forms. Additionally, the Principal Executive Officer and Principal Financial
Officer concluded that the Company's disclosure controls and procedures are
effective to ensure that information required to be disclosed by the Company in
the reports that it files or submits under the Exchange Act is communicated to
the Principal Executive Officer and Principal Financial Officer, as appropriate
to allow timely decisions regarding disclosure.

Management's Report on Internal Control over Financial Reporting

    Management is responsible for establishing and maintaining adequate internal
control over financial reporting as defined in Rule 13a-15(f) of the Securities
Exchange Act of 1934. A company's internal control over financial reporting is a
process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles.  Our
internal control over financial reporting includes policies and procedures that
(i) pertain to the maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of assets, (ii) provide
reasonably assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with U.S. generally accepted
accounting principles, and that our receipts and expenditures are being made
only in accordance with authorizations of our management and directors and
(iii) provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisitions, use, or dispositions of our assets that could have a
material effect on the financial statements.  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, including the President/Principal Financial Officer and
Secretary/Treasurer, has conducted an evaluation of the effectiveness of the
Company's internal control over financial reporting as of December 31, 2007,
based on the criteria for effective internal control described in Internal
Control over Financial Reporting - Guidance for Smaller Public Companies issued
by the Committee of Sponsoring Organizations of the Treadway Commission. Based
on its assessment, management concluded that the Company's internal control over
financial reporting was effective as of December 31, 2007.

                                       11
<PAGE>
     This Annual Report does not include an attestation report of the Company's
independent registered public accounting firm regarding internal control over
financial reporting. Management's report was not subject to attestation by the
Company's independent 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.

     This report shall not be deemed to be filed for purposes of Section 18 of
the Securities Exchange Act of 1934, or otherwise subject to the liabilities
of that section, and is not incorporated by reference into any filing of the
Company, whether made before or after the date hereof, regardless of any general
incorporation language in such filing.

Changes in Internal Control over Financial Reporting

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


                                    PART III

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

The following is a list of directors and executive officers of the Company
as of December 31, 2007, their ages and all positions held by each of them
during the past five years.

     John P. O'Shea, 51, is the Company's President and a director since 2004.
     Since 1997, Mr. O'Shea has been an officer and director of Westminster
     Securities Corporation, a full-service brokerage firm headquartered in
     New York City. He currently serves as Chairman, Chief Executive Officer
     and Director of Westminster.  He also is a non-executive director for the
     boards of BlueRock Energy Holdings, Inc. and ENPartners Corp., two
     private companies in the energy industry.  Mr. O'Shea is a Member of
     the New York Stock Exchange and a Member of the New York Board of Trade.

     Marika Xirouhakis Tonay, 27, is the Company's Secretary/Treasurer and a
     director since 2004.  Ms. Xirouhakis has been employed by Westminster
     Securities Corporation since 1999, presently serving as a Vice President
     in the Investment Banking department as well as corporate secretary. She
     attended New York University, Stern School of Business from 1998 to 2002,
     graduating Magna Cum Laude with a BS in Finance and Management.

Compliance With Section 16(a) of the Exchange Act.

Each of the Company's officers and directors is in compliance with
Section 16(a) of the Exchange Act.

Audit Committee and Audit Committee Financial Expert

The entire board of directors of the Company serves as its audit committee. The
Company does not have an audit committee financial expert serving on its audit
committee because it believes that the time and expense associated with
locating such a financial expert is not justified during the time that the
Company remains in the development stage as a blind pool or blank check company.

                                       12
<PAGE>
Code of Ethics

The Company has adopted a code of ethics which applies to its principal
executive officer, principal financial officer, principal accounting officer or
persons performing similar functions. A copy of this code of ethics was
previously included as an exhibit to our annual report on Form 10-KSB for the
fiscal year ended December 31, 2005, and is incorporated herein by reference.


Item 10.  Executive Compensation.

No officer or director  received any  remuneration  from the Company during
the fiscal  year.  Until the  Company  acquires  additional  capital,  it is not
intended that any officer or director will receive compensation from the Company
other than  reimbursement for  out-of-pocket  expenses incurred on behalf of the
Company. See "Certain  Relationships and Related  Transactions." The Company has
no stock option, retirement, pension, or profit-sharing programs for the benefit
of  directors,  officers  or other  employees,  but the Board of  Directors  may
recommend adoption of one or more such programs in the future.


Item 11.  Security Ownership of Certain Beneficial Owners and
          Management.

The following table sets forth, as of December 31, 2007, the number
of shares of common stock owned of record and beneficially by executive
officers, directors and any person who is the beneficial owner of more than
5% of the Company's common stock. Also included are the shares held by all
executive officers and directors as a group.

MANAGEMENT AND 5% OR GREATER            NUMBER              OWNERSHIP
SHAREHOLDERS/BENEFICIAL OWNERS         OF SHARES           PERCENTAGE
------------------------------         ---------           ----------

John P. O'Shea                          921,467              57.23%
c/o 100 Wall St, 7th Fl
New York, NY 10005

Marika X. Tonay                          14,000               0.87%
c/o 100 Wall St, 7th Fl
7th Floor
New York, NY  10005

Deborah A. Salerno                      453,333              28.16%
355 South End Ave, Ste 22-B
New York, NY 10280

All directors and executive             935,467              58.10%
officers as a group (2 persons)

Each principal shareholder has sole investment power and sole voting power over
the shares owned.

                                       13
<PAGE>
Possible Change in Control.

In the event of a purchase of control by other persons, or a merger, the
shareholders and management listed above will no longer own the percentages set
forth above, and shareholders may be subject to decisions by the new control
parties to which they may not assent.

The Company does not have an Equity Compensation Plan nor are any securities
authorized for issuance under such type plan.


ITEM 12. Certain Relationships and Related Transactions.

No officer, director, or affiliate of the Company has during the last two
years, or proposes to have, any direct or indirect material interest in any
asset proposed to be acquired by the Company through security holdings,
contracts, options, or otherwise.

The Company has adopted a policy under which any consulting or finder's fee
that may be paid to a third party or affiliate for consulting services to
assist management in evaluating a prospective business opportunity would be
paid in stock or in cash. Any such issuance of stock would be made on an ad hoc
basis. Accordingly, the Company is unable to predict whether or in what amount
such stock issuance might be made.

Although there is no current plan in existence, it is possible that the Company
will adopt a plan to pay or accrue compensation to its officers and directors
for services related to seeking business opportunities and completing a merger
or acquisition transaction.

The Company maintains a mailing address at 10 West Street, Suite 28-C,
New York, NY  10004, the home of its President, John P. O'Shea, but
otherwise does not maintain an office. As a result, it pays no rent and incurs
no expenses for maintenance of an office and does not anticipate paying rent or
incurring office expenses in the future. It is likely that the Company will
establish and maintain an office after completion of a business combination.


ITEM 13.  Exhibits and Reports on Form 8-K.

(a) Exhibits

31.1 Certification by the Principal Executive Officer and Principal Financial
     Officer pursuant to Section 302 of the Sarbanes-0xley Act of 2002

32.1 Certification by the Principal Executive Officer and Principal Financial
     Officer pursuant to 18 U.S.C. Section 1350, Section 906 of the
     Sarbanes-Oxley Act of 2002


(b) Reports on Form 8-K:

None.



                                       14
<PAGE>

ITEM 14.  Principal Accountant Fees and Services.

(1) AUDIT FEES

The aggregate fees billed for each of the last two fiscal years for professional
services rendered by the principal accountants for the audit of the Company's
annual financial statements and review of financial statements included in the
Company's Form 10-QSB (17 CFR 249.308b) or services that are normally provided
by the accountant in connection with statutory and regulatory filings or
engagements for those fiscal years were $5,250 for the fiscal year ended
December 31, 2007 and $3,300 for the fiscal year ended December 31, 2006.

(2) AUDIT-RELATED FEES

There have been no fees billed in either of the last two fiscal years for
assurance and related services by the principal accountant.

(3) TAX FEES

There have been no fees billed in either of the last two fiscal years for
professional services rendered by the principal accountant for tax compliance,
tax advice, or tax planning.

(4) ALL OTHER FEES

There have been no fees billed in either of the last two fiscal years for
products and services provided by the principal accountant, other than the
services reported above.

(5) PRE-APPROVAL POLICIES AND PROCEDURES

Before the principal accountant is engaged by the Company to render audit or
non-audit services, the engagement is approved by the Company's Board of
Directors acting as the audit committee.





                                       15
<PAGE>




                                   SIGNATURES

     In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereto duly
authorized.

Date: March 31, 2008

                                              STRATEGIC ACQUISITIONS, INC.


                                              By:  /s/ JOHN P. O'SHEA
                                                  ------------------------
                                                   John P. O'Shea
                                                   President and
                                                   Principal Financial Officer


     In accordance with the Exchange Act, this report has been signed below by
the following persons on behalf of the registrant and in the capacities and on
the dates indicated.

Name                          Title                              Date
----                          -----                              ----

                              President
/s/ JOHN P. O'SHEA            Principal Financial Officer
----------------------        Director                           March 31, 2008
    John P. O'Shea

                              Secretary
/s/ MARIKA X. TONAY           Treasurer
----------------------        Director                           March 31, 2008
    Marika X. Tonay





                                       16

<PAGE>
                                                                 Exhibit 31.1
                     Certification Pursuant to Section 302
                       of the Sarbanes-Oxley Act of 2002

I, John P. O'Shea, certify that:

1. I have reviewed this annual report on Form 10-KSB of Strategic Acquisitions,
   Inc. (the "Registrant");

2. Based on my knowledge, this annual report does not contain any untrue
   statement of a material fact or omit to state a material fact necessary to
   make the statements made, in light of the circumstances under which such
   statements were made, not misleading with respect to the period covered by
   this report;

3. Based on my knowledge, the financial statements, and other financial
   information included in this annual report, fairly present in all material
   respects the financial condition, results of operations and cash flows of the
   Registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and
   procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
   Registrant and have:

   a) designed such disclosure controls and procedures to ensure that material
      information relating to the Registrant is made known to me, particularly
      during the period in which this annual report is being prepared. The
      Registrant has no consolidated or unconsolidated subsidiaries;

   b) evaluated the effectiveness of the Registrant's disclosure controls and
      procedures and presented in this report my conclusions about the
      effectiveness of the disclosure controls and procedures as of the end of
      the period covered by this report based on such evaluation; and

   c) disclosed in this report any change in the Registrant's internal control
      over financial reporting that occurred during the registrant's most recent
      fiscal quarter (the Registrant's fourth fiscal quarter in the case of an
      annual report) that has materially affected, or is reasonably likely to
      materially affect, the Registrant's internal control over financial
      reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over
   financial reporting, to the Registrant's auditors and the audit committee of
   the Registrant's board of directors (or persons performing the equivalent
   functions):

   a) all significant deficiencies and material weaknesses in the design or
      operation of internal control over financial reporting which are
      reasonably likely to adversely affect the Registrant's ability to
      record, process, summarize and report financial information; and

   b) any fraud, whether or not material, that involves management or other
      employees who have a significant role in the Registrant's internal
      control over financial reporting.

/s/ JOHN P. O'SHEA                                             March 31, 2008
---------------------------------------
John P. O'Shea
Principal Executive Officer and
Principal Financial Officer
<PAGE>


                                                                Exhibit 32.1
                     Certification Pursuant to Section 906
                       of the Sarbanes-Oxley Act of 2002


In connection with the filing of the Annual Report on Form 10-KSB of Strategic
Acquisitions, Inc. (the "Company") for the year ended December 31, 2007 as filed
with the Securities and Exchange Commission, I, John P. O'Shea, President of the
Company certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge
and belief:

     1. The Report fully complies with the requirements of Section 13(a) or
        15(d) of the Securities Exchange Act of 1934, as amended, and

     2. The information contained in the Report fairly presents, in all material
        respects, the financial condition and results or operations of the
        Company.



/s/ JOHN P. O'SHEA                                               March 31, 2008
---------------------------------
John P. O'Shea
Principal Executive Officer and
Principal Financial Officer