UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-KSB
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

Commission File Number: 000-51227

CAL ALTA AUTO GLASS, INC.
(Name of small business issuer in its charter)

NEVADA                                     88-0448809
(States of other jurisdiction            (I.R.S. Employer
of incorporation or organization)         Identification No.)

# 8 3927 Edmonton Trail N.E., Calgary, Alberta  Canada     T2E6T1
                 (Address of principal executive offices) (Zip Code)

Issuers telephone number (403) 291-7020

Securities registered pursuant to Section 12(b) of the Act: NONE

Securities registered pursuant to Section 12(g) of the Act: NONE

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.

x YES NO

Indicate by check mark if disclosure of delinquent filers pursuant
 to Item 405 of Regulation  S-K (229.405
of this chapter) is not contained  herein,  and will not be
 contained, to the best of the registrants knowledge,
in definitive proxy or  information  statements  incorporated
by reference in Part III of this Form 10-K or
any amendment to this Form 10-K.

x YES NO

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

At April 14, 2008 the aggregate market value of the voting
stock held by non-affiliates is $ 606,000.


Indicate the number of shares outstanding of each of the
 registrants classes of common stock, as of the
latest practicable date.


Common Stock               8,800,000 Shares Outstanding
$0.001 par value             as of April 14, 2008


Certain information required by Part III of this Form 10-KSB
is included by reference to the Company's
definitive  proxy statement filed in accordance with rule
14a-101, Schedule 14A.

Traditional Small Business Disclosure Format
(check one):    X      Yes     No

The issuers revenues for its most recent year were $1,721,963.






ii





CAL ALTA AUTO GLASS, INC.
TABLE OF CONTENTS


                   PART I                                               Page
Item 1.          Description of Business             			2-4
Item 2.          Description of Property      				4-5
Item 3.          Legal Proceedings          				5-6
Item 4.          Submission of Matter to a Vote of Security Holders 	6


                         PART II

Item 5.       Market for Common Equity and Related Stockholder Matters  6-7
Item 6.       Managements Discussion and Analysis or Plan of Operation  7-8
Item 7.          Financial Statements  					8
Item 8.          Changes in and Disagreements with Accountants on
                     Accounting and Financial Disclosure  		9
Item 8a.        Controls and Procedures

                        PART III

Item 9.          Directors, Executive Officers, Promoters and Control persons;
                     Compliance with Section 16(a) of the Exchange Act  9-10
Item 10.         Executive Compensation				        10-11
Item 11.        Security Ownership of Certain Beneficial Owners and
                     Management   		                        11
Item 12.        Certain Relationships and Related Transactions         	12
Item 13.        Exhibits and Reports on Form 8-K           		12
Item 14.        Accountants


SIGNATURES                				          	S-1
















1

The statements contained in this Report that are not historical
 facts are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform
 Act of 1995 with respect to our financial
condition, results of operations and business, which can be
identified by the use of forward-looking
terminology, such as "estimates," "projects," "plans," "believes,"
"expects," "anticipates," "intends,"
or the negative thereof or other variations thereon, or
 by discussions of strategy that involve risks and
uncertainties.  Management wishes to caution the reader of the
 forward-looking statements that such
statements, which are contained in this Report, reflect our
current beliefs with respect to future events and
involve known and unknown risks, uncertainties and other factors,
including, but not limited to, economic,
competitive, regulatory, technological, key employee, and general
business factors affecting our
operations, markets, growth, services, products, licenses and other
 factors discussed in our other filings
with the Securities and Exchange Commission, and that these
statements are only estimates or predictions.
No assurances can be given regarding the achievement of future
 results, as actual results may differ
materially as a result of risks facing us, and actual events
may differ from the assumptions underlying the
statements that have been made regarding anticipated events.
 Factors that may cause our actual results,
performance or achievements, or industry results, to differ
materially from those contemplated by such
forward-looking statements include, without limitation:

Our ability to market our services to current and new customers
 and generate customer demand
for our products and services in the geographical areas in
which we operate;

The highly competitive nature of our industry;


Our ability to retain key personnel;

The availability and maintenance of suitable vendor relationships,
in a timely manner, at
reasonable cost; and


General economic conditions.



These forward-looking statements are subject to numerous assumptions,
 risks and uncertainties that may
cause our actual results to be materially different from any future
results expressed or implied by us in
those statements.

These risk factors should be considered in connection with any
 subsequent written or oral forward-looking
statements that we or persons acting on our behalf may issue.
All written and oral forward looking
statements made in connection with this Report that are
 attributable to us or persons acting on our behalf
are expressly qualified in their entirety by these cautionary
 statements.  Given these uncertainties, we
caution investors not to unduly rely on our forward-looking
 statements. We do not undertake any
obligation to review or confirm analysts' expectations or
estimates or to release publicly any revisions to
any forward-looking statements to reflect events or
 circumstances after the date of this document or to
reflect the occurrence of unanticipated events. Further,
 the information about our intentions contained in
this document is a statement of our intention as of the
date of this document and is based upon, among
other things, the existing regulatory environment, industry
conditions, market conditions and prices, the
economy in general and our assumptions as of such date. We
may change our intentions, at any time and
without notice, based upon any changes in such factors,
 in our assumptions or otherwise.













ITEM     1.       Description of Business


     Cal Alta Auto Glass, Inc., (the Company) formerly
 International Sports Marketing Group, Inc., was
incorporated October 14, 1999. It had been incorporated
 to originally market a specialized piece of sporting
equipment named the "sports stick". However due to
insufficient funding this was not possible.

     Cal Alta Auto Glass, Ltd., of Canada was incorporated
 October 9, 1986, under the laws of Alberta,
Canada B.C., to operate businesses in the auto glass
industry. In late 1997, Cal Alta Auto Glass divested of
all of its auto glass operating assets to Pro Glass
 Technologies, Inc., a Calgary, Alberta Company with
common ownership.

     Pro Glass Technologies traded as a public entity
 starting in the fourth quarter of 2001. However, due to
market conditions at the time, the Company was not able
 to implement its full business model, which called
for an auto glass distribution arm and an auto glass
 warranty operation. Therefore management decided it
would be in the best interest of the shareholders to
make the auto glass operation of Pro Glass
Technologies, Inc., private again, while merging the
 parent company with another entity that could provide
value to its shareholders.

     Therefore, on September 10, 2002, Pro Glass Technologies
, Inc. entered into an Agreement and Plan of
Reorganization by and between Pro Glass Technologies, Inc.,
and  MicroSignal  Corporation,  a
Pennsylvania corporation,  whereby  Pro Glass Technologies,
Inc., acquired all issued and outstanding
shares of MicroSignal  in  exchange  for the issuance of
17,051,344 shares of Pro Glass Technologies, Inc.
As part of the transaction, Pro Glass Technologies, Inc.,
 filed Articles of Merger changing its name to
"MicroSignal Corporation". Also, as part of the merger
 Pro Glass Technologies, Inc., agreed, as part of the
Reorganization Agreement, to sell back to its President,
Frank Aiello, the Company's current auto glass
operations. The Agreement of Purchase and Sale of Assets
 provides for Mr. Aiello to purchase the auto
glass business in exchange  for  the  return  of  a
 maximum of 150,000 shares of MicroSignal's common
stock  which was  owned by Mr. Aiello. Pro Glass Technologies,
 Inc. entered into this Agreement to sell
the auto glass operation to Mr. Aiello, because management of
the newly organized entity will be devoting
all its time and energy into developing the MicroSignal
 business. The newly reorganized entity will no
longer have the personnel or expertise required to operate
 the auto glass business. Mr. Aiello, upon
completion of the repurchase of the auto glass assets
immediately transferred the assets and liabilities of the
auto glass operations directly into Cal Alta Auto Glass,
 Ltd., a family owned Calgary, Alberta Corporation
where they have been operating since.

    The assets acquired in the transaction were cash of
$ 8,101, accounts receivable of $86,604, inventory of
$9,598, provision for future rebates $10,997 deposits &
 prepaid expenses of  $6,084, investments in other
companies of $6,000 and automotive & shop equipment $34,961.

     The liabilities acquired in the transaction were
accounts payable $219,080 and long-term debt
$15,160. Liabilities exceed assets by $71,895, which
would account for the purchase price paid by Cal Alta
Auto Glass, Ltd., using the historical costs of the
items acquired.
    On November 25, 2003 the Cal Alta Auto Glass, Ltd.,
 entered into a reverse merger pursuant to Rule 368
(a)(1)(B) of the Internal  Revenue Code of 1986 as
 amended.  Whereas, International Sports Marketing
Group, Inc. acquired 100% of the common stock of Cal
Alta Auto Glass, Ltd., a Canadian corporation, for
8,500,000 shares of authorized but un-issued common
stock.  International Sports Marketing Group, Inc.
changed its name to Cal Alta Auto Glass, Inc.  Cal
Alta Auto Glass, ltd. (Canadian Co.), is the predecessor
due to a reverse merger.  Cal Alta Auto Glass, Inc.,
 is a holding company.

     Due to the reverse merger, Cal Alta Auto Glass,
 Ltd., became a subsidiary company of Cal Alta Auto
Glass, Inc. The underlying reason for the merger was
the belief that company gain "public" status in the
US, in order to obtain the ability to conduct secondary
 financing to implement the full business plan of Cal
Alta Auto Glass, Inc.

     Cal Alta Auto Glass, Ltd., sells and installs auto
glass products through two Calgary based outlets.  Cal
Alta Auto Glass, Ltd., replaces and repairs windshields of
 all domestic and foreign vehicles and to a lesser
degree, other types of auto glass. Additionally, flat
glass or non-auto related   applications, such as
furniture, mirrors, greenhouses, etc.

     The Company is not dependent on one or a few major
 clients or referrers.

     The operating subsidiary Cal Alta Auto Glass, Ltd.,
a Canadian corporation, will comply with Canadian
and Alberta regulations.  Cal Alta Auto Glass, Inc. of
 Nevada will be the consolidated parent holding
company of the Canadian subsidiary and will comply with
US regulations. If Cal Alta Auto Glass, Inc.
begins operations of glass shops in the US, the glass
 shops will operate in accordance with the appropriate
US laws as a subsidiary of Cal Alta Auto Glass, Inc.

     Cal Alta Auto Glass, Ltd., operates from two Calgary,
Alberta locations. Approximately 40% of annual
sales are paid by customers' auto insurance policies with the
 balance being non- insurance related
transactions.

     It should be noted that that Cal Alta Auto Glass, Ltd,
 purchases approximately 45% of its glass and
supplies from Westcan Autoglass, a company majority owned by
 Mr. Frank Aiello, the Company's
President.  Mr. Aiello currently does not run any
 auto glass shops of his own.

Reports to Shareholders

      Cal Alta Auto Glass, Inc. is a reporting company
as defined by the Securities Exchange Act. The
Company's registration statement became effective
on or about May 27, 2005. Therefore, the Company is
subject to the information and reporting requirements
 of that act and we will file periodic reports, proxy
statements and other information with the Securities
and Exchange Commission. Following completion of
this registration statement, we will furnish our
shareholders with annual reports at their request, containing
audited financial information for each fiscal year and will
 file quarterly reports for the first three quarters of
each fiscal year containing un-audited summary financial
 information with the Securities and Exchange
Commission. Our fiscal year ends on December 31.

Subsidiary

     Cal Alta Auto Glass, Ltd., 100% owned: operates two
 current locations. A 2,500  square  foot shop is
located  at Bay #8,  3297 Edmonton  Trail NW.,  Calgary,
Alberta  T2E6T1, has been open since 1986.
Also, a 5,000 square foot shop is located at 9827 A
Horton Road, SW Calgary, Alberta T2V2X5 has been
open since 1991. Cal Alta Auto Glass, Ltd., markets,
 installs, replaces, and repairs windshields for all types
of automobiles.  The Company also deals with other
types of auto glass and flat glass for non-auto related
applications.

Probable Governmental Regulations on the Business

     The Company does not need any government approval for
its principal products or services.
Furthermore, the Company is not aware of any existing or
probable governmental regulations that will have
an affect on its operations.

Market

     Annual sales for the auto glass market in 2004, in the
 US is $2,801,000,000 according to zapdata.com. It
has been estimated that the market for auto glass in Canada
is about ten percent of the US market.

     According to the National Glass Association windshield
repairs should be very good or even at a record
pace this year. Also according to the National Glass
 Association, windshield replacement will be flat in the
upcoming year. In the opinion of management Cal Alta
Auto Glass should follow the trend of increased
sales from replacing windshields, while a flat year
for providing windshield repairs.

Marketing

     Cal Alta Auto Glass Technologies, Inc., targets its
 clients traditionally through print media. The
standard methods of advertising include direct mail
 flyers and the yellow pages. Currently, the decisions
pertaining to where, and how the Company spends on
advertising is performed by Frank Aiello, the
Company"s President.

Competition

     Management considers industry statistics to be consistent
 when comparing the US and Canada. Even
though the US market is bigger it is the experience of
management that the trends experienced by the auto
glass industry in both countries to be parallel. According
to zapdata.com, the US market of auto glass
installation shops is dominated by shops with less than
 10 employees. Cal Alta Auto Glass, Inc. falls in this
category and we consider this segment to be our competition.
 In excess of 85% of the auto glass operations
are ma/pa type, with less than 10 employees. For our purposes
ma/pa type is also defined as auto glass
operations that operate 5 or less shops and are not affiliated
 with larger chains.  The industry has not
changed significantly in applications and  service  over
the  last 25  years  with  the  installation  of auto
glass techniques remaining the same.

     The Company has heavy competition in the Calgary, Alberta
area.  In the metropolitan Calgary area it is
estimated that there are approximately 109 glass shops. The main
 Calgary competition is Crystal Glass,
with 7 shops, Speedy Glass, with 5 shops, and Apple Glass, with
2 shops. The rest of the market is
segregated into Company's owning only 1 or 2 shops in the greater
 Calgary, Alberta area.

     Management believes the Company has a good competitive
position in the Calgary area. This is mostly
due to the fact the Company has an exclusive right to be the
only auto glass company in the direct mailers,
that reach customers in the greater Calgary, Alberta area. This
 right is only  good if the Company continues
to advertise. If the Company does not advertise it can lose
 this right, which management believes could be
detrimental to the Company. Management does not currently
have any plans to not use this direct mail
service.

Research and Development

     The Company has not allocated funds for conducting
 research and development.

Raw Materials

     The Company does not use any raw materials. Others
 manufacture all of the products the Company
sells.

Patents, Trademarks, Licenses, Franchises, Concessions,
 Royalty Agreements or Labor Contracts

     The Company does not have any Patents, Trademarks
, Licenses, Franchises, Concessions, Royalty
Agreements or Labor Contracts.

Employees

     Presently, the Company has 9 employees.  This consists
 of 5 full time and 3 part time employees.  All
the employees spend 100% of their time working for Cal Alta
Auto Glass, Ltd. Management intends to hire
additional employees in the United States and Canada only as
 needed and as funds are available.  In such
cases, compensation to management and  employees  will  be
 consistent  with prevailing wages for
services rendered.



Cautionary Statement

     This annual report contains certain forward-looking
statements. The  Company  wishes  to  advise
readers  that  actual   results  may  differ substantially
 from such forward-looking  statements.  Forward-
looking statements involve  risks and  uncertainties  that
 could  cause  actual  results to differ materially
from those expressed in or implied by the statements,
including, but not limited to, the  following:  the
ability of the Company to meet its cash and working
capital needs,  the ability of the Company to
successfully  market its product.

Item 2.  Description of Property

     The Company has a resident agent office at 6565
 Spencer Street, Las Vegas, NV 89119, Las Vegas,
Nevada.

     A 2,500 square foot shop is located at Bay #8, 3297
Edmonton Trail NE, Calgary,  Alberta, T2E6T1 and
is rented at approximately $3,000 (US) per month  from Frank
 Aiello, (the Company"s President) on a three
year lease. The lease expires in May of 2010.  A 5,000
square foot shop located at 9827 A Horton Road,
SW Calgary, Alberta T2V2X5 and is rented at approximately
 $2,665 (US) per month from an unrelated
party on a five year lease that expires in December 2011.

    In the opinion of management, the above rented shops

are in excellent rental condition and adequately
insured


Item 3.  Legal Proceedings

       The Company is not a party to any material pending
 legal proceedings and no such action by, or to the
best of its knowledge, against the Company has been threatened.


Item 4.  Submission of Matters to Vote of Security Holders

       There were no matters voted on this year by the shareholders.

Part II

Item 5.  Market for Registrants Common Equity and Related Matters

        The Company"s shares started trading on the OTC-BB
 in early March of 2007 under the symbol
"CAAG". The Company has approximately thirty nine  (39)
shareholders, including officers, directors, and
control persons. This figure does not take into account those
 shareholders whose certificates that are held
in the name of broker-dealers.

..The company stock has, during the fiscal year ending December
31, 2007, traded between $.10 and $.55
per share. The number of shares of common stock, $.001 par value,
issued and outstanding of the Company
was 18,800,000 as of April 14, 2008.

The Company has never paid a dividend, nor does it intent to
 do so in the foreseeable future. There are no
restrictions on the power of the Board of Directors to
declare and pay dividends.

     No  securities  are  currently  being  offered  for
sale,  nor  are  there outstanding any options, rights,
warrants to purchase, or securities convertible into, the
common equity of the Registrant.

The high and low bid price quotations for the common stock,
 as reported NASDAQ are as follows for the
periods indicated:

                                      	Low              High

Qtr Ended 3-31-07                        $.15               $.55
Qtr Ended 6-30-07                        $.23               $.32
Qtr Ended 9-30-07                        $.16               $.30
Qtr Ended 12-31-07                       $.10               $.10

     The ability of an individual shareholder to trade
their shares in a particular state may be subject to
various rules and regulations of that state. A number of
states require that an issuers  securities  be
registered in their state or  appropriately  exempted from
 registration  before the  securities are permitted
to  trade  in that  state.  Presently, the  Company  has
no plans to register  its  securities  in any  particular
state.  Further, most likely the Company's shares will be
subject to the provisions of Section 15(g) and Rule
15g-9 of the Securities Exchange Act of 1934, as amended
 (the Exchange Act), commonly referred to as
the penny stock rule. Section 15(g) sets forth certain
 requirements for transactions in penny stocks and rule
15g-9(d)(1) incorporates the definition of penny stock
as that used in Rule 3a51-1 of the d that used in Rule
3a51-1 of the Exchange Act.

     The Securities and Exchange Commission (the commission)
 generally defines penny stock to be any
equity security that has a market price less than $5.00 per
 share, subject to certain exception. Rule 3a51-1
provides  that any equity  security  is  considered  to be a
penny stock unless that security is: registered and
traded on a national securities exchange meeting  specified
criteria set by the Commission;  authorized for
quotation on the NASDAQ stock Market;  issued by a registered
  investment  company;  excluded from the
definition  on the basis of price (at  least  $5.00 per  share)
 or the issuers net tangible assets; or exempted
from the definition by the Commission. If the Company's shares
are deemed to be a penny stock, trading in
the shares will be subject to additional sales practice
 requirements on broker-dealers who sell penny stocks
to persons other than  established  customers  and  accredited
 investors,  generally  persons  with  assets in
excess of  $1,000,000  or annual income exceeding $200,000,
 or $300,000 together with their spouse.

     For transactions covered by these rules, broker-dealers
must make a special suitability  determination
for the  purchase  of such  security  and must  have received
 the  purchasers  written  consent  to the
transaction  prior  to the purchase.  Additionally,  for any
 transaction  involving a penny stock,  unless
exempt,  the rules require the delivery,  prior to the first
 transaction,  of a risk  disclosure  document
relating to the penny stock market.  A broker-dealer also must
 disclose the commissions payable to both the
broker-dealer and the registered representative, and current
quotations for the securities.  Finally, monthly
statements must be sent disclosing recent price information for
the penny stocks held in the account and
information on the limited market in penny stocks. Consequently,
 these rules may restrict the ability of
broker-dealers to trade and/or maintain a market in the Company's
Common Stock and may affect the
ability of shareholders to sell their shares.


Changes in Securities / Recent Sales of Unregistered Securities

On May 17, 2007, the Company issued 2,375,000 shares of common stock
 at $.28 per share for total
consideration of $665,000. The shares were issued for the following
 consideration. The Company issued
1,372,000 shares for bonuses to key employees for total consideration
 of $343,000. The Company also
issued 70,000 shares for legal fees for total consideration of
 $21,000 and further issued 1,075,000 shares
for consulting services for total consideration of $301,000.
The consulting fees were paid to four
individuals for SEC consulting and acquisition due diligence.
The shares were issued under the 2007
Employee and Consultants Compensation Fund and Plan. The Company
filed an S-8 registration statement
and issued the securities to employees and consultants in accordance
with rule 405 of Regulation C of the
1933 Securities Act.

       On June 1, 2007, the Company issued 3,250,000 shares of
 common stock at $.07, or total consideration
of $227,550 to FAA Enterprises for services rendered. FAA Enterprises
 is owned 100% by Frank Aiello
our Company President. The shares were issued under section 4(2)
 of the 1933 Securities Act and bear a
restrictive legend.

On July 3, 2007, the Company issued 1,530,000 shares of common
 stock at $.27 per share for total
consideration of $413,100. The shares were issued for the
following consideration. The Company issued
30,000 shares for legal fees for total consideration of $ 8,100
 and further issued 1,500,000 shares for
investor relations services for total consideration of $405,000
 (the shares issued for investor relations were
cancelled in the fourth quarter of 2007, the share issuance
representing the investor relations shares were
netted out of the transaction in the equity statement for presentation
purposes). The shares were issued
under the 2007 Employee and Consultants Compensation Fund and Plan.
The Company filed an S-8
registration statement and issued the securities to employees and consultants
 in accordance with rule 405 of
Regulation C of the 1933 Securities Act.

       On July 10, 2007, the Company issued 2,745,000 shares of common
stock at $.25 per share for total
consideration of $686,250. The shares were issued for the following
consideration. The Company issued
1,385,000 shares for bonuses to key employees for total consideration
of $346,250. The Company also
issued 1,360,000 shares for consulting services for total consideration
 of $340,000. The consulting fees
were paid to three individuals for acquisition due diligence. The shares
were issued under the 2007
Employee and Consultants Compensation Fund and Plan. The Company filed
an S-8 registration statement
and issued the securities to employees and consultants in accordance
 with rule 405 of Regulation C of the
1933 Securities Act.

      As of April 14, 2008 the Company has a total of 18,800,00 share
s of common stock issued and
outstanding.

Description of Securities

The Company is authorized to issue 25,000,000 shares of Common
 Stock, par value $.001 per share. As of
December 31, 2007, and December 31, 2006 there were 18,800,000
 and 10,400,000 shares of common
stock were issued and outstanding, respectively.

     All shares of Common Stock have equal rights and privileges
with respect to voting,  liquidation and
dividend rights. All shares of Common Stock entitle the holder thereof
 to (i) one  non-cumulative  vote for
each share held of record on all matters submitted to a vote of the
 stockholders; (ii) to participate equally
and to receive  any and all such  dividends  as may be  declared by
the Board of Directors out of funds
legally available therefore; and (iii) to participate pro rata in
any distribution of assets  available for
distribution  upon liquidation of the Company. Stockholders of the
Company have no preemptive rights to
acquire additional shares of Common Stock or any other securities.
  The Common Stock is not subject to
redemption and carries no subscription or conversion rights. All
outstanding shares of Common Stock are
fully paid and non-assessable. There are no provisions in Cal
 Alta Auto Glass, Inc.'s, charter or bylaws that
would prevent, delay or defer a change in control.

     No common stock has been proposed to be offered publicly
 by the Company.

    Of the Company's total shares outstanding 7,575,000 shares
 may be sold, transferred or otherwise traded
in the public market, unless held by an  affiliate  or  controlling
 shareholder  of the  Company.  Of these
7,575,000 shares, the Company has identified no shares as being
 held by affiliates of the Company.

     In September 2006, the Company repurchased 195,000 shares
 of common stock at $.01 per share or
total consideration of $1,950 and has accounted for this
 transaction under the cost method of accounting for
treasury stock.  This repurchase was associated with the
Company attempting to clear comments with the
NASD in the hopes of trading on a public exchange. The
 Company retired these shares in early 2007.

     Of the 11,225,000 restricted common shares, all of these shares
considered restricted securities  are held
presently  by  affiliates  and/or  controlling shareholders  of the
 Company.  These shares may be sold
pursuant to Rule 144, subject to the volume and other limitations
 set forth under Rule 144. In general,
under Rule 144 as  currently  in effect,  a person (or persons whos
e shares are aggregated) who has
beneficially owned restricted shares of the Company for at least
 one year,  including  any person who may
be deemed to be an affiliate  of the Company (as the term
 affiliate is defined under the Act), is entitled to
sell,  within any  three-month  period,  an amount of shares
 that does not exceed the  greater of (i) the
average  weekly  trading  volume in the Company's Common Stock,
 as reported through the automated
quotation system of a registered securities association, during
the four calendar weeks preceding such sale
or (ii) 1% of the shares then outstanding. A person who is not
 deemed to be an affiliate of the Company and
has not been an affiliate for the most recent three months, and
who has held restricted shares for a least two
years would be entitled to sell such shares without  regard to
 the resale  limitations of Rule 144.

     Generally, the shares of restricted stock may not be sold
 or otherwise transferred  unless  first  registered
under  the  Act or  unless  there  is an appropriate exemption
 from registration available.

Dividend Policy

     The Company has not declared or paid dividends or made
distributions in the past, and the Company
does not  anticipate  that it will pay cash  dividends or
 make distributions in the foreseeable future.


Item 6.  Managements Discussion and Analysis or Plan of Operation

     The following discussion pertains to the Company's results
of operations as of the years ended
December 31, 2007 and 2006. The Company consolidates the
 operations of Cal Alta Autoglass, LTD.

Results of Operations

    For the year ended December 31, 2007, the Company had
sales of $1,721,963 compared to $1,133,615
for the same period ended December 31, 2006, with a net
 loss of  ($1,626,794) compared with to net
income of  $29,176, for the same period respectively.
 The $588,348 increase in revenues for year ended
December 31, 2007 compared to 2006, can be attributed
largely in managements opinion to a mild winter
in the Calgary area and good economic conditions in the
 Calgary area. In mild winters people tend to not
wait to replace their auto glass, so there is no slump
in the winter. Also contributing is the Company
increasing their advertising spend by approximately 10%.
  The further strengthening of the Canadian dollar
to the US dollar also contributed to approximately $245,000
of this increase. The Canadian dollar exchange
rates strengthened from 1.13 for the year average ended
December 31, 2006 to .93 for the year average
ended December 31, 2007. Cost of goods sold decreased as
a percentage of sales by approximately 2%.
Management attributes the decrease in cost of goods sold
 due to better pricing on higher volume and not
using subcontractors to install.  Salaries and wages were
 up approximately $776,239. $689,200 of this
increase is due to the Company rewarding their staff with
stock based bonuses. The bonuses are for key
employees who are important to the daily operations. The
remaining increase is due to increased wages and
increased business so there are more overall payroll hours.
Bad debt expense increased $44,000. This was
due to the Company being unable to obtain year end
 confirmations from the insurance companies who had
significant accounts receivable balances. General and
administrative expenses were up approximately
$185,000. Approximately $108,000 of the general and
administrative increase is a management fee expense
to Frank Aiello, the Company's President.  Accounting
costs increased almost $20,000 due to the Company
incurring additional costs due to being a publicly
traded company. Credit card transaction fees also
increased almost $10,000 and shop supplies increased
almost $5,000 as the Company experienced greater
business volumes.  Advertising expenses increased
approximately $37,000 as the Company advertised in
more phonebooks and mailers than in the past. Consulting
 expenses were up $870,095 as the Company
incurred significant expenses due to being publicly traded.








Income Statement Summary
December 31

				2007                 2006
Revenues             	       $ 1,721,963             $ 1,133,615

Total Operating Costs            3,342,983               1,111,581

Net Operating Income / (Loss)   (1,621,020)    	            22,034

Other Income / (Expense)	     4,226                   7,142

Net Income / (Loss)	         (1,616,794)                29,177

Inflation

     In the opinion of management, inflation will
 not have a material effect on the operations of the
Company.

Quarterly Trends

     The auto glass industry in cold climates is very
cyclical. Business volume approximately doubles in the
spring and summer compared to fall and winter. Consumers
tend to put off repairing cracks and chips that
occurred in the icy conditions of winter when gravel is
 applied to roadways. The more snowfall received in
the area, the more rock and gravel that is applied to the
 roadways. This induces more damage to the
windshields of vehicles due to the increased amount of
gravel on the road. Customers typically wait until
after the snow season to repair their windshield damage.
The customers normally don't have the windshield
repaired during snow season due to the risk of damage
again from gravel on the roadways.

    However, it should be noted that in the opinion of
management, the greater Calgary area experienced a
milder winter. This in turn caused the Company to experience
 stronger sales demand in the winter than
normal. This contributed to the Company having higher
revenues for the year ended December 31, 2007
compared to the same period of 2006.

   In managements opinion the Calgary region is experiencing
 a strong business climate, which has helped
the Company continue to grow.

    The Company is not aware of any other trends, uncertainties,
 or events that have affected or will affect
the Company's operations.

    The Company is not aware of any significant elements of
income or loss that do not arise from
continuing operations.

     There are no expected significant changes in the amount of
 employees.

     There are no planned material commitments for any capital
expenditures.

Liquidity and Capital Resources

   As of December 31, 2007, the Company has $73,110 in cash and
 $348,447 in accounts and loans
receivable. This is compared with ($32,779) in cash and $133,281
 in accounts and loans receivable as of
December 31, 2006. It should be noted that included in the accounts
 and loans receivable amount for
December 31, 2007 and is $346,918, which was due from FAA Enterprises
 (see related party note). This
balance was $100,450 as of year-end 2006.

   As of December 31, 2007, the Company has $425,538 in current
 liabilities. This is compared with current
liabilities of $97,514 as of December 31, 2006. It should be
noted that included in the current liabilities
amount for December 31, 2007 is $216,090 to Westcan Autoglass
 Supplies and $129,056 to Frank Aiello
(both related parties, see related party note). As of December
 31, 2006 the Company had no liability to
Westcan Autoglass Supplies and had a payable to Frank Aiello
 of $1,950.

    The Company has not yet secured any outside funding, or
 offerings in case external financing is
necessary. However, the Company feels its current position
 would be able to fund the Company for at least
12 months if the Company had no revenues.  However, in managements'
opinion this is highly unlikely.
This is due to the loans and accounts receivable being very liquid.

          For the year ended December 31, 2007, the Company
 provided cash from operations in the amount
of $230,848 compared to cash provided from operations of $71,930
 for the same period the year before.
Contributing to the increase in cash provided from operations
when comparing the last two years is that in
the Company owes accounts payable to a related party of $216,090,
which was $0 in 2006. Also,
contributing to the increase in cash provided from operations when
comparing the last two years is that in
2007, the Company issued approximately $1,586,850 in common stock
 for services compared to $0 in
2006. It should be noted that the Company's cash position increased
 $105,909, when comparing 2007 to
2006.

       The Company does from time to time experience significant
 bank overdraft situations. The overdraft
situation mostly stems from seasonality.  Due to this seasonality,
 cash flows can fluctuate greatly.
Therefore, the Company has arranged through its banking institution
 overdraft protection of up to $65,000
(Canadian dollars). There have not been any major consequences of
 this overdraft position because the
Company has never used the maximum amount. In the case the Company
 did max out the overdraft, the
Company would be forced to extend its terms to suppliers and
 vendors. However, this is not anticipated to
occur. The Company does pay prime plus two percent while in
 this overdraft situation (ie. if prime was 5%
the Company would pay the bank 7%, see Exhibit 99.1 CIBC bank
overdraft agreement for full details). If
the Company were to become insolvent Mr. Aiello, would be
 responsible for the repayment of the
overdraft.

                         	Balance Sheet Summary

                                    Dec 31               Dec 31
                                    2007                   2006

Total Current Assets              $80,913                37,847

Property (net)                     11,213                 9,797

Total Assets                       443,479              148,852

Current Liabilities                425,538               97,154

Total Liabilities                  425,538               97,154

Total Stockholders Equity           17,941               51,698

Total Liabilities and
Stockholders Equity                443,479              148,852

     The Company's current capital was provided by the founders
 of the Company from operations or
through incurring debt. Management believes that the Company's
 cash  requirement  can be satisfied  from
current  operations.

     In  the  event  that  outside  funding  is  necessary,   the
 Company  will investigate  the  possibility of
interim  financing,  either debt or equity,  to provide capital.
Although management has not made any
arrangements, the Company would consider private funding or the
private placement of its securities and/or
a private offering. Any  outstanding  funding  will be  procured
by the parent holding company,  Cal Alta
Auto Glass,  Inc.,  if the Company  were to experience  a substantial
delay in its ability to secure public
financing from the sale of its securities or from private  lenders.
 Management does not feel the Company
as a going concern would be seriously jeopardized.

     All of the present lines offered by the Company have an
established customer base.  Management would
consider additional products and services that would fit their
 customer profile, but are manufactured by
others.

     The Company maintains a minimal inventory with a wholesale
value of approximately $1,529.  The
Company operates on a Just In Time inventory system where parts
 are ordered on an as needed basis.  Just
In Time inventory systems are common in the auto glass industry.
  This is due to the fact that there are
hundreds of different types of glass due to car manufactures, but
 also due to the ever changing body styles.
A Just In Time inventory system does not affect the Company in
any material aspect.

     The Company does intend to use its public status to acquire
 other companies. Management has not set
any parameters on companies it wishes to acquire, nor are there
any formal agreements to date to acquire
any company. Furthermore, as the Company acquires other companies,
the Company may dispose of
entities that are under performing or do not fit managements long
 term goals. Management has not set any
criteria for these under performing entities, nor has management
 decided to dispose of any current
operation.

Recent Accounting Pronouncements

       In March 2007, the FASB issued FASB Staff Position EITF
 07-03 ("FSP 07-03"), Accounting for
Nonrefundable Advance Payments for Goods or Services to Be Used
in Future Research and Development
Activities. FSP 07-03 addresses whether nonrefundable advance
 payments for goods or services that will be
used or rendered for research and development activities should
be expensed when the advance payment is
made or when the research and development activity has been
performed. FSP 07-03 will be effective for
fiscal years beginning after December 15, 2007, and interim
periods within those fiscal years.

The Company currently believes that the adoption of FSP 07-03
will have no material impact on its
financial position or results of operations.

In July 2006, the FASB issued FASB Interpretation No. 48
 ("FIN 48"), "Accounting for Uncertainty in
Income Taxes". FIN 48 provides detailed guidance for the
 financial statement recognition, measurement
and disclosure of uncertain tax positions recognized in an
 enterprise"s financial statements in accordance
with FASB Statement No. 109, "Accounting for Income Taxes".
 Tax positions must meet a more-likely-
than-not recognition threshold at the effective date to be
 recognized upon the adoption of FIN 48 and in
subsequent periods. FIN 48 will be effective for fiscal years
 beginning after December 15, 2006 and the
provisions of FIN 48 will be applied to all tax positions upon
 initial adoption of the Interpretation. The
cumulative effect of applying the provisions of this
 Interpretation will be reported as an adjustment to the
opening balance of retained earnings for that fiscal year.
The adoption of FIN 48 did not have a material
impact on our financial statements.

In September 2006, the Financial Accounting Standards Board
(FASB) issued SFAS No. 157, Fair Value
Measurements, which defines fair value, establishes a
 framework for measuring fair value in generally
accepted accounting principles and expands disclosures
about fair value measurements. SFAS No. 157 is
effective for fiscal years beginning after November 15,
 2007, and interim periods within those fiscal years.
In February 2008, the FASB issued FASB Staff Position
(FSP FIN) No. 157-2 which extended the effective
date for certain nonfinancial assets and nonfinancial
liabilities to fiscal years beginning after November 15,
2008. The adoption of SFAS No. 157 did not have a material
impact on our financial statements.


In February 2007, the FASB issued SFAS No. 159, The Fair
 Value Option for Financial Assets and
Financial Liabilities. SFAS No. 159 permits companies to
 choose to measure many financial instruments
and certain other items at fair value. SFAS No. 159 is
 effective for financial statements issued for fiscal
years beginning after November 15, 2007. The Company does
not expect the adoption of SFAS No. 159 to
have a material impact on our consolidated financial statements.

In December 2007, the FASB issued SFAS No. 141(R), Business
 Combinations, and SFAS No. 160,
Noncontrolling Interests in Consolidated Financial Statements.
 SFAS No. 141(R) requires an acquirer to
measure the identifiable assets acquired, the liabilities
 assumed and any non-controlling 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. 160 clarifies
that a non-controlling interest in a subsidiary should be
reported as equity in the consolidated financial statements,
 consolidated net income shall be adjusted to
include the net income attributed to the non-controlling
 interest and consolidated comprehensive income
shall be adjusted to include the comprehensive income
attributed to the non-controlling interest. The
calculation of earnings per share will continue to be
based on income amounts attributable to the parent.
SFAS No. 141(R) and SFAS No. 160 are effective for financial
 statements issued for fiscal years beginning
after December 15, 2008. Early adoption is prohibited.
Upon adoption of SFAS No. 141(R) or SFAS
No. 160, the Company will be required to reclassify the
 minority interest reflected on the accompanying
balance sheet to equity. The Company does not expect the
 adoption of SFAS No. 141(R) or SFAS No. 160
to have a material impact on our consolidated financial statements.


Critical Accounting Policies

The preparation of consolidated financial statements in
 conformity with accounting principles generally
accepted in the United States of America requires us to
 make a number of 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. Such estimates and assumptions
 affect the reported amounts of revenues
and expenses during the reporting period. On an ongoing basis,
we evaluate estimates and assumptions
based upon historical experience and various other factors and
 circumstances. We believe our estimates and
assumptions are reasonable in the circumstances; however,
actual results may differ from these estimates
under different future conditions.

We believe that the estimates and assumptions that are most
 important to the portrayal of our financial
condition and results of operations, in that they require
our most difficult, subjective or complex judgments,
form the basis for the accounting policies deemed to be
most critical to us. These critical accounting
policies relate to accounts receivable, bad debts and loans
 receivable. We believe estimates and
assumptions related to these critical accounting policies
 are appropriate under the circumstances; however,
should future events or occurrences result in unanticipated
consequences, there could be a material impact
on our future financial conditions or results of operations.

Off Balance Sheet Disclosures

The Company is not party to any off balance sheet arrangements.

Risk Factors and Cautionary Statements

     Forward-looking statements in this report are made pursuant
 to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The Company wished to
 advise readers that actual result may
differ substantially from such forward-looking  statements,
 forward-looking statements involve risks and
uncertainties  that could cause actual  results to differ
materially  from those expressed in or implied by the
statements,  including, but not limited to, the following:
 the ability of the Company   to  successfully
market  its  services if and other risks detailed in the
 Companyss periodic report filings with the Securities
and Exchange Commission.


Item 7.  Financial Statements and Supplementary Data






 Report of Independent Registered Public Accounting Firm


To the Board of Directors and Stockholders
Cal Alta Auto Glass, Inc. and subsidiary


We have audited the accompanying consolidated balance sheets
of Cal Alta Auto Glass, Inc. and subsidiary (the
"Company") as of December 31, 2007 and 2006 and the related
consolidated statements of operations, changes in
shareholders' equity and cash flows for the years then ended.
These consolidated financial statements are the
responsibility of the Company's management.  Our responsibility
is to express an opinion on these consolidated
financial statements based on our audits.

We conducted our audit in accordance with the standards of the
 Public Company Accounting Oversight Board
(United States).  Those standards require that we plan and
perform the audit to obtain reasonable assurance about
whether the financial statements are free of material
 misstatement.  An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the
financial statements.  An audit also includes assessing the
accounting principles used and significant estimates made by
management, as well as evaluating the overall financial
statement presentation.  We believe that our audit provides
 a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred
to above present fairly, in all material respects, the
financial position of Cal Alta Auto Glass, Inc. and subsidiary
as of December 31, 2007 and 2006, and the result of its
operations and its cash flows for the years then ended in
conformity with U.S. generally accepted accounting
principles.

The financial statements have been prepared assuming that the
 Company will continue as a going concern.  As
discussed in Note 10 to the consolidated financial statements,
 the Company's losses from operations raise
substantial doubt about its ability to continue as a going
concern.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.



/s/Chang Park
____________________
CHANG G. PARK, CPA

February 8, 2008
San Diego, CA. 91910






Member of the California Society of Certified Public Accountants
Registered with the Public Company Accounting Oversight Board



CAL ALTA AUTO GLASS INC.
Consolidated Balance Sheets


			As of			As of
			December 31,		December 31,
			2007			2006


ASSETS

Current Assets
Cash  			 $ 	 73,110 	 $ 	 -
Accounts receivable(net)	 6,274 			 32,831
Inventory		 	 1,529 			 1,286
Prepaid expenses		 -   			 3,730


Total Current Assets	   	 80,913 	   	 37,847

Net Property & Equipment	 11,213 		 9,796

Other Assets
Loan receivable -
(a related party)		 346,918 	        100,450
Deposit			 	   4,435  		 759


Total Other Assets		 351,353 		 101,209

TOTAL ASSETS		 $ 	 443,479 	 $ 	 148,852



LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
Accounts payable	 $ 	 68,226 	 $ 	 51,339
Accounts payable -
 (related party)		 216,090 		 -
Bank overdraft			 -   			 32,799
Note payable-
(related party)			 129,056 		 1,950
Income taxes payable		 6,422 			 -
GST payable			 5,744 			 11,066


Total Current Liabilities	 425,538 		 97,154

Stockholders' Equity
Common stock, ($0.001 par
 value, 25,000,000 shares authorized
18,800,000 and 10,400,000 shares
issued and outstanding
as of December 31, 2007 and
2006, respectively) 		 18,800 		 10,595

Paid-in capital			 1,566,300 		 (10,395)
Treasury stock			 -   			 (1,950)
Retained earnings		 (1,584,692)		 52,027
Foreign currency
translation adjustment 		 17,533 		 1,421


Total Stockholders' Equity	 17,941 		 51,698

TOTAL LIABILITIES
& STOCKHOLDERS' EQUITY 	 $ 	 443,479 	 $ 	 148,852







CAL ALTA AUTO GLASS INC.
Consolidated Statement of Operations


			Year 		Year
			Ended		Ended
			December 31, 	December 31,
			2007		2006


Revenues

Income	 	$ 	 1,721,963  $  	1,133,615


Total Revenues	   	 1,721,963    	 1,133,615


Costs of Sales
Glass & moldings	 875,870 	 552,888
Sub. contractors		 -   	 2,296


Total Costs of Sales	 875,870 	 555,184


Gross Profit		 846,093 	 578,431

Operating Expenses
Depreciation &
amortization		 400 		 2,601
Advertising		 210,045 	 172,986
Salaries & wages 	 964,102 	 187,863
Consulting		 879,207 	 9,112
Bad debt expense	 44,189 	 -
Administrative expenses	 369,170 	 183,835


Total Operating Expenses 2,467,113 	 556,397

Operating Income / (Loss) (1,621,020)	 22,034

Other Income (Expenses)
Interest expense	 (4,949)	 (2,315)
Interest income -
(related party)		 9,175 		 9,457


Total Other Income
(Expenses)		 4,226 		 7,142


NET INCOME (LOSS) $ 	 (1,616,794)  $  29,176



BASIC EARNING (LOSS)
PER SHARE	 $ 	 (0.11)	      $  0.00



WEIGHTED AVERAGE NUMBER OF
COMMON SHARES
 OUTSTANDING		 15,172,151     10,529,822




CAL ALTA AUTO GLASS INC.
Statement of Changes in Stockholders' Equity
For the Period from December 31, 2005 to December 31, 2007


				Common		Common 	Additional
				Shares		Stock	Paid
						Amount	in Capital

Balance, December 31, 2005	 10,595,000 	 10,595  (10,395)

September 2006 Treasury Stock
repurchased under the cost method
195,000 shares @ $.01		 (195,000)


Foreign currency translation adjustment

Net income for the year ended
December 31, 2006

Balance, December 31, 2006	10,400,000 	10,595 	(10,395)


Treasury stock 					 (195)	 (1,755)

Stock issued for services rendered on
May 10, 2007 @ $0.28 per share	 1,150,000 	 1,150 	 320,850

Stock issued for bonuses for on
May 10, 2007 @ $0.28 per share	 1,225,000 	 1,225 	 341,775

Stock issued for services rendered on
June 1, 2007 @ $0.07 per share	 3,250,000 	 3,250 	 224,250

Stock issued for services for on
July 3, 2007 @ $0.27 per share	 30,000 	 30 	 8,070

Stock issued for bonuses for on
July 10, 2007 @ $0.25 per share	 1,385,000 	 1,385 	 344,865

Stock issued for consulting services
on July 10, 2007 @ $0.25 per
 share				 1,360,000 	 1,360 	 338,640

Net income for the year ended
December 31, 2007

Foreign currency translation adjustment

Balance, December 31, 2007	 18,800,000 	 $18,800  $1,566,300



				    Treasury	 Retained	Foreign
				      Stock	  Earnings	Currency
				                 (Deficit)    Translation


Balance, December 31, 2005	 	 -   	 22,850 	 2,877



September 2006 Treasury Stock
repurchased under the cost method
195,000 shares @ $.01	 		 (1,950)

Foreign currency translation adjustment				 (1,456)

Net income for the year ended
December 31, 2006				  29,176


Balance, December 31, 2006		(1,950)	  52,026 	    1,421



Treasury stock 		 		 1,950

Stock issued for services rendered on
May 10, 2007 @ $0.28 per share

Stock issued for bonuses for on
May 10, 2007 @ $0.28 per share


Stock issued for services rendered on
June 1, 2007 @ $0.07 per share


Stock issued for services for on
July 3, 2007 @ $0.27 per share


Stock issued for bonuses for on
July 10, 2007 @ $0.25 per share

Stock issued for consulting services
on July 10, 2007 @ $0.25 per share


Net income for the year ended
December 31, 2007			    	     (1,616,794)
Foreign currency translation adjustment 	       (19,924)      16,112

Balance, December 31, 2007		 $-   	     $(1,584,692)    $17,533


						Foreign
						Currency
						Translaion


Balance, December 31, 2005		 	 25,275



September 2006 Treasury Stock
repurchased under the cost method
195,000 shares @ $.01				 (1,950)

Foreign currency translation adjustment		 (1,456)

Net income for the year ended
December 31, 2006				 29,176


Balance, December 31, 2006			51,697



Treasury stock 					 -

Stock issued for services rendered on
May 10, 2007 @ $0.28 per share			 322,000

Stock issued for bonuses for on
May 10, 2007 @ $0.28 per share	 		 343,000

Stock issued for services rendered on
June 1, 2007 @ $0.07 per share			 227,500

Stock issued for services for on
July 3, 2007 @ $0.27 per share			 8,100

Stock issued for bonuses for on
July 10, 2007 @ $0.25 per share			 346,250

Stock issued for consulting services
on July 10, 2007 @ $0.25 per share		 340,000

Net income for the year ended
December 31, 2007				 (1,616,794)

Foreign currency translation adjustment 	 (3,812)


Balance, December 31, 2007	 		 $17,941




CAL ALTA AUTO GLASS INC.
Consolidated Statement of Cash Flows


				   Year		Year
				  Ended		Ended
			 	December 31,	December 31,
				   2007		2006


CASH FLOWS FROM OPERATING ACTIVITIES

Net income (loss)		 $ (1,616,794)  $ 29,176
Adjustments to reconcile
 net loss to net cash
used in operating activities:
Depreciation & amortization expense	 400 	 2,601
Bad debts				 44,189
Common stock issued for services	 897,600  -
Common stock issued for bonuses		 689,250  -
Gain on sales of securities		 -   	 (9,457)
Change in assets and liabilities
(Increase) decrease in
accounts receivable			 (17,631) 9,945
(Increase) decrease in inventory	 (243)	 -
(Increase) decrease in provision
for earned discounts			 - 	 26,072
Increase (decrease) in
 accounts payable			 16,887  7,548
Increase (decrease) in
 accounts payable - related party	 216,090   -
Increase (decrease) in taxes payable	 (5,322) 5,505
Increase (decrease) in income
 taxes payable				 6,422 	   -


Net cash provided (used)
 by operating activities		 230,848  71,390

CASH FLOWS FROM INVESTING ACTIVITIES

(Increase) decrease in deposits		 54 	(1,343)
(Increase) decrease in notes receivable	 -   	 6,749
(Increase) decrease in investment	 -   	 14,604
Change in notes receivable
related party			      (246,468) (78,637)


Net cash provided (used)
 by investing activities	      (246,414)	 (58,627)

CASH FLOWS FROM FINANCING ACTIVITIES

Increase (decrease) in bank overdraft  (32,799)	 (11,551)
Change in loan payable			127,106	 1,950
Change in additional paid-in capital   (1,755)	   -
Change in common stock			 (195)
Change in treasury stock		 1,950 	 (1,950)


Net cash provided (used)
by financing activities			 94,307  (11,551)

Effect of exchange rate
changes on cash		 		(5,631)	 (1,212)


Net increase (decrease) in cash		 73,110	 -

Cash at beginning of year		 -   	 -


Cash at end of year		 $ 	 73,110  $ 	 -


Supplemental  cash flows disclosures:

Cash paid during period for interest	 $ 4,949 $  2,315
Cash paid during period for income taxes $ -   	 $ 	 -


Supplemental schedule of non-cash
 flows activities:

Common stock issued for services	 $ 897,600 $ 	 -
Common stock issued for bonuses	 $ 	 689,250
Treasury stock				 $  -     $ 1,950







NOTE  1.  OPERATIONS AND DESCRIPTION OF BUSINESS

Organization

Cal Alta Auto Glass, Inc., (the Company) formerly
International Sports Marketing Group, Inc.,
was incorporated October 14, 1999.  Cal Alta Auto
Glass, Ltd., of Canada was incorporated
under the laws of Alberta, Canada B.C., to
operate businesses in the auto glass industry.

On November 25, 2003 the Company entered into a
 reverse merger pursuant to Rule 368
(a)(1)(B) of the Internal Revenue Code of 1986 as
 amended.  Whereas, International Sports
Marketing Group, Inc. acquired 100% of the common
stock of Cal Alta Auto Glass, Ltd., a
Canadian corporation, for 8,500,000 shares of common
 stock.  International Sports Marketing
Group, Inc. changed its name to Cal Alta Auto Glass,
 Inc.  Cal Alta Auto Glass, Ltd. (Canadian
Co.), is the predecessor due to a reverse merger.
 The Company is a holding company.

Due to the reverse merger, Cal Alta Auto Glass, Ltd.,
became the subsidiary holding company of
the Company.  The underlying reason for the merger
was the belief that company gain "public"
status in the US, in order to obtain the ability to
conduct secondary financing to implement the full
business plan of the Company.

Cal Alta Auto Glass, Ltd. sells and installs auto
 glass products through two Calgary based outlets.
Cal Alta Auto Glass, Ltd. replaces and repairs
windshields of all domestic and foreign vehicles
and to a lesser degree, other types of auto glass.
 Additionally, flat glass for non-auto   related
applications   such as furniture, mirrors, greenhouses,
 etc., is also sold.

The   operating   subsidiary   will comply with Canadian
and Alberta regulations.  The Company
of Nevada will be the consolidated parent holding
 company of the Canadian subsidiary and will
comply with US regulations. If the Company begins
operations of glass shops in the US; the glass
shops will operate in accordance with the appropriate
US laws as a subsidiary of the Company.
Cal Alta Auto Glass, Ltd., operates from two Calgary,
Alberta locations. Approximately 40% of
annual sales are paid by customers' auto insurance
policies with the balance being non-insurance
related transactions.


NOTE  2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a.  Basis of Accounting

The Company policy is to use the accrual method of
accounting and to prepare and present
financial statements in accordance with generally
accepted accounting principles.







NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

b.  Basic Earnings per Share

In February 1997, the FASB issued SFAS No. 128, "Earnings Per
Share", which specifies the
computation, presentation and disclosure requirements for
 earnings (loss) per share for entities
with publicly held common stock.  SFAS No. 128 supersedes
 the provisions of APB No. 15, and
requires the presentation of basic earnings (loss) per share
 and diluted earnings (loss) per share.
Basic net loss per share amounts is computed by dividing the
net loss by the weighted average
number of common shares outstanding.  Diluted earnings per
 share are the same as basic earnings
per share due to the lack of dilutive items in the Company.

c.  Cash and Cash Equivalents

For the purposes of the statement of cash flows, the Company
 considers all investments with
maturity of three months or less to be cash equivalents.

d.  Consolidation

The accompanying consolidated financial statements include
the accounts of the Company and its
subsidiary.  Significant inter-company accounts and
transactions have been eliminated in
consolidation.

e. Commitments and Contingencies

The Company does not have any commitments or contingencies.

f.  Inventory

Inventory is stated at the lower of cost (first-in, first-out)
 or net realizable value, and consists of
auto windshields and related materials.  The Company's
 inventory is very consistent.  As of
December 31, 2007 and 2006 the Company had inventory
of $1,529 and $1,286, respectively.

g.  Use of 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 revenues and
 expenses during the reporting
period.  Actual results could differ from those estimates.  In
 accordance with FASB 16 all
adjustments are normal and recurring.






NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

h.  Property and Equipment/ Depreciation

Property and equipment are recorded at cost.  Minor additions
 and renewals are expensed in the
year incurred.  Major additions and renewals are capitalized
and depreciated over their estimated
useful lives.  Depreciation and amortization is calculated
using straight-line method for accounting
purposes and accelerated method for income tax purposes; five
 years for vehicles and equipment
and seven years for office furniture. Total depreciation for
the year ended December 31, 2007 and
2006 was $400 and $2,601, respectively.

i.  Revenue Recognition

The Company recognizes revenue from windshield repairs
 and replacements at the date the
customer's job is completed.

The Company recognizes revenue from windshield repairs and
 replacements when the following
conditions exist:

*	Persuasive evidence of an arrangement exists between
 a customer and the Company (a
written and accepted estimate).
*	Delivery has occurred or services have been rendered,
 (job or services for customer(s) has
been completed and accepted).
*	The Company's price to the customer is fixed or
 determinable (and accepted).
*	Collectibility is reasonably assured.

For customers paying via cash or charge, the four criteria
 above are satisfied via the customer
signing an estimate, the Company providing the services,
 (usually the same day) and the Company
receiving payment before releasing the vehicle.

However, for customers who are having their windshields
 and repair work being covered via
insurance it adds additional steps for the Company to be
able to recognize revenue. The shop
must communicate with the customers insurance company to
 determine the rate at which the
insurance company will reimburse the Company for these repairs.
After the repair work the
Company must submit the appropriate paperwork for collection
 from the insurance companies.
Collectibility is reasonably assured due to initially working
out the payment terms as described
above, before rendering services. The Company has recognized
an allowance on these insurance
receivables of $48,144 for the year ended December 31, 2007.







NOTE  2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

j.   Income Taxes

Income taxes are provided in accordance with Statement of
 Financial Accounting Standards No.
109 (SFAS 109), Accounting for Income Taxes.  A deferred
 tax asset or liability is recorded for
all temporary differences between financial and tax
 reporting and net operating loss
carryforwards.  Deferred tax expense (benefit) results
from the net change during the year of
deferred tax assets and liabilities.

Deferred tax assets are reduced by a valuation allowance when,
 in the opinion of management, it
is more likely than not that some portion of all of the deferred
 tax assets will be realized.
Deferred tax assets and liabilities are adjusted for the effects
 of changes in tax laws and rates on
the date of enactment.  Realization of deferred tax assets is
 dependent upon sufficient future
taxable income during the period that deductible temporary
 differences and carryforwards are
expected to be available to reduce taxable income.  Income
tax returns are reported to Canada
and United States as required by regulatory agencies.

k. GST Payable

GST payable represents sales taxes that are owed by the
 Canadian operations to the local
governments. As of December 31, 2007 and 2006, the Company
 owed $5,744 and $11,066 GST
payable, respectively.

l. New Accounting Pronouncements:

In December 2007, the Financial FASB issued SFAS No.
141 (revised 2007), "Business
Combinations" ("SFAS 141R"). SFAS 141R establishes
principles and requirements for how an
acquirer recognizes and measures in its financial statements
 the identifiable assets acquired, the
liabilities assumed, any noncontrolling interest in the
 acquiree and the goodwill acquired. SFAS
141R also establishes disclosure requirements to enable
 the evaluation of the nature and financial
effects of the business combination. SFAS 141R is effective
 for fiscal years beginning after
December 15, 2008.  The adoption of this statement is not
expected to have a material effect on
the Company's financial statements.

In December 2007, the FASB issued SFAS No. 160, "Noncontrolling
Interests in Consolidated
Financial Statements-an amendment of Accounting Research
 Bulletin No. 51" ("SFAS 160").
SFAS 160 establishes accounting and reporting standards for
 ownership interests in subsidiaries
held by parties other than the parent, the amount of consolidated
net income attributable to the
parent and to the noncontrolling interest, changes in a
 parent's ownership interest, and the
valuation of retained noncontrolling equity investments
when a subsidiary is deconsolidated.
SFAS 160 also establishes disclosure requirements that clearly
identify and distinguish between
the interests of the parent and the interests of the
 noncontrolling owners. SFAS 160 is effective
for fiscal years beginning after December 15, 2008.
The adoption of this statement is not
expected to have a material effect on the Company's
financial statements.


NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

In February 2007, the FASB issued SFAS No. 159, "The
Fair Value Option for Financial Assets
and Financial Liabilities _ Including an Amendment of
FASB Statement No. 115". This statement
permits entities to choose to measure many financial
instruments and certain other items at fair
value. Most of the provisions of SFAS No. 159 apply
 only to entities that elect the fair value
option. However, the amendment to SFAS No. 115
"Accounting for Certain Investments in Debt
and Equity Securities" applies to all entities with
available-for-sale and trading securities. SFAS
No. 159 is effective as of the beginning of an entity's
 first fiscal year that begins after November
15, 2007. Early adoption is permitted as of the beginning
of a fiscal year that begins on or before
November 15, 2007, provided the entity also elects to
apply the provision of SFAS No. 157, "Fair
Value Measurements". The adoption of this statement is
 not expected to have a material effect on
the Company's financial statements.

In September 2006, the FASB issued SFAS No. 157, "Fair Value
 Measurements" ("SFAS 157").
The objective of SFAS 157 is to increase consistency and
comparability in fair value
measurements and to expand disclosures about fair value
 measurements. SFAS 157 defines fair
value, establishes a framework for measuring fair value
in generally accepted accounting
principles, and expands disclosures about fair value
measurements. SFAS 157 applies under other
accounting pronouncements that require or permit fair
 value measurements and does not require
any new fair value measurements. The provisions of SFAS
No. 157 are effective for fair value
measurements made in fiscal years beginning after November
 15, 2007. The adoption of this
statement is not expected to have a material effect on the
Company's future reported financial
position or results of operations.

NOTE 3.  OPERATING LEASES

The Company leases two locations the north shop and the
south shop.  The South shop is leased from a third party
and the lease expires on December 1, 2011.  The North shop
is leased from a related party and is in a three
year lease that expires May 2010.  Rent expense for
the year ended December 31, 2007 and
2006 were $63,992 and $58,744, respectively.  The Company
also leases a vehicle under a
operating lease that expires in July 2008.  Lease expenses
for the vehicle for the year ended
December 31, 2007 and 2006 and were $7,156 and $6,741,
respectively.  At December 31, 2007,
minimum annual rental commitments under the property
non-cancelable lease (South shop) were
as follows:

Year

Minimum Lease Payments
2008		   $    77,130
2009			73,303
2010			73,303
2011			34,194
Total		   $   257,930




NOTE 4.  PROPERTY & EQUIPMENT

Components of property and equipment include the
 following as of:


		December 31, 2007	December 31, 2006

Office Equipment	 $ 28,543	$       24,005

Automobile 		     0			 1,312

Total Office Equip.
& Automobile		   28,543		25,317

Accumulated Depreciation   (17,330)	      (15,520)

Net Property and
 Equipment		 $ 11,213	$      9,797



NOTE 5.  RELATED PARTY TRANSACTIONS

Cal Alta Auto Glass, Ltd, purchases approximately 45%
of its glass and supplies from Westcan
Autoglass Supplies, Inc. a company owned 100% by Mr. Frank
Aiello, the Company's President.
Mr. Aiello currently does not run any auto glass shops of
his own.  Autoglass and supply
purchases from Westcan were $487,337 and $239,574 for the years
 ended December 31, 2007
and 2006, respectively.

Cal Alta owes Westcan Auto Glass Supplies, Inc. (a related party)
 accounts payable of $216,090
as of December 31, 2007.

FAA Enterprises (a related party) owes the Company loans receivable
of $346,918 and $100,450
as of December 31, 2007 and 2006, respectively.  For the year ended
December 31, 2007, the
receivable to FAA Enterprises increased $246,468.  The loan receivable
is interest bearing at a
rate of 5%. Interest income from this receivable was $9,175 and $9,457
 for the years ended
December 31, 2007 and 2006, respectively. The loans are callable at
anytime by Cal Alta Auto
Glass, Inc.

FAA Enterprises and Westcan Autoglass Supplies, Inc. are owned 100%
by Frank Aiello, the Company's president.

Cal Alta Auto Glass, Ltd, has a three year lease agreement for its
 North shop location.  This
location is owned by FAA Enterprises (a related party).  The monthly
lease commitment is
$3,000.  Total rent payments to FAA Enterprises were $36,000 for
the years ended December 31,
2007 and 2006.

Cal-Alta Auto Glass, Ltd has a note payable due to Frank Aiello,
the President of the
Company.  As of December 31, 2007 and 2006 the balance was $129,056
included in the 2007 balance was a management fee payable to
Mr. Aiello of approximately $107,900 and $1,950.




NOTE 6.  FOREIGN CURRENCY TRANSLATION

Accounting for Cal Alta Auto Glass, Ltd. is conducted in Canadian
currency.  As per our audit we
convert figures on a period basis in accordance with FASB # 52.
 The functional currency is in
Canadian currency.  The Companies balance sheets as of December
31, 2007 and 2006 were
translated at their period ended rate of 1.01940 and 1.16640,
(Canadian currency to US currency)
respectively.   Statements of operations and cash flows were
 reported on the weighted average for
the twelve months ended December 31, 2007 and 2006 as required
by FASB # 52. The weighted
average for the year ended December 31, 2007 and 2006 were 0.93565
 and 1.13461, (Canadian
currency to US currency) respectively.


NOTE  7.  COMMON STOCK

Transactions' other than employees' stock issuance, are in accordance
with paragraph 8 of SFAS
123. Thus issuances shall be accounted for based on the fair value
of the consideration received.
Transactions with employees' stock issuance are in accordance with
paragraphs (16-44) of SFAS
123. These issuances shall be accounted for based on the fair
value of the consideration received
or the fair value of the equity instruments issued, or whichever
is more readily determinable.

In September 2006 the Company repurchased 195,000 shares of stock
 at $0.01.

On May 10, 2007 the Company issued 2,375,000 shares of common
stock for services rendered
@ $0.28 per share.

On June 1, 2007 the Company issued 3,250,100 shares of common
stock for services rendered @
$0.07 per share.

On July 3, 2007 the Company issued 30,000 shares of common
stock for services @ $0.27 per
share.

On July 10, 2007 the Company issued 1,385,000 shares of common
stock for employee bonus @
$0.25 per share.

On July 10, 2007 the Company issued 1,360,000 shares of common
 stock for consulting services
@ $0.25 per share.

As of December 31, 2007 there were 18,800,000 shares of common
 stock outstanding.









NOTE 8.  STOCKHOLDERS' EQUITY

The stockholders' equity section of the Company contains
 the following classes of capital stock as
of December 31, 2007:

*	Common stock, $ 0.001 par value: 25,000,000 shares
authorized; 18,800,000 shares
issued and outstanding.

The Company has approved two stock option plans, an Incentive
 Stock Option Plan and a Non-
qualified Stock Option Plan.  Both plans are available to
 officers, directors and key employees of
the Company.  Each plan allows for the purchase of up to
 500,000 shares of common stock of the
Company.

During the year the Company had two stock bonus issuances.
 On May 10, 2007, the Company
issued 1,225,000 to employees under the non-qualified stock
option plan.   Stock was issued @
$0.28 per share for a total of $343,000.  On July 10, 2007 the
Company issued 1,385,000 shares
to employees under the non-qualified stock option plan.  Stock was
 issued @ $0.25 per share for
a total of $346,250.  Accordingly, the Company recorded $689,250
as expense for the year ended
December 31, 2007, with a corresponding credit to common stock
 and additional paid in capital.


NOTE 9.  INCOME TAXES

Net operating losses expire twenty years from the date the loss
was incurred for US tax purposes.
No portion of the valuation allowance will be allocated to reduce
goodwill or other noncurrent
intangible asset of an acquired entity.  There are no temporary
differences or carryforward tax
effects that would significantly affect the Company's deferred tax
asset.

At December 31, 2007 the Company has an $1,584,692 operating and
 capital losses carryfoward
for US tax purposes.

Utilization of the net operating losses and credit carryforwards
 may be subject to a substantial
annual limitation due to the "change in ownership" provisions of
the Internal Revenue Code of
1986.  The annual limitation may result in the expiration of net
 operating losses and credits before
utilization.  None of the valuation allowance recognized was allocated
to reduce goodwill or other
noncurrent intangible assets of an acquired entity or directly to
contributed capital.











NOTE 9.  INCOME TAXES

However, at December 31, 2007, the Company has operating and capital
losses carryfoward for
Canadian tax purposes, through its subsidiary Cal Alta Auto Glass,
 Ltd.  The tax benefits resulting
for the purposes have been estimated as follows:

                                                  December 31, 2007



Loss carryforward at December 31, 2006             $    40,428
Net loss for theyear ended12/31/07                      32,003
Loss carryforward at December 31, 2007 	                72,431

Deferred tax benefit                               $    10,865
Valuation allowance                                    (10,865)
                                              -----------------------
Net income tax benefit                             $            0
                                                    ===============

The net operating loss expires ten years from the date the loss was
 incurred for Canadian tax
purposes.  Income tax returns are reported to Canada and United States
as required by the
regulatory agencies.


NOTE 10. GOING CONCERN

The accompanying consolidated financial statements have been prepared
assuming that the
Company will continue as a going concern.  The Company generated a
net loss of  $1,616,794
during the year ended December 31, 2007. These conditions raise
substantial doubt about the
Company's ability to continue as a going concern. The Company's
continuation as a going
concern is dependent on its ability to meet its obligations, to
 obtain additional financing as may be
required and ultimately to attain profitability. The consolidated
financial statements do not include
any adjustments that might result from the outcome of this
uncertainty.

Management plans to raise additional funds through debt or equity
 offerings. Management has yet
to decide what type of offering the Company will use or how much
 capital the Company will
raise. There is no guarantee that the Company will be able to
 raise any capital through any type of
offerings.





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

         None

Item 8a. Controls and Procedures

         We have instituted disclosure controls and procedures
designed to ensure the timely recording,
processing, summarization and reporting to our management,
including our Chief Executive Officer, of
information required to be disclosed in our reports under
the Securities Exchange Act of 1934, as amended
(the "Exchange Act").Within the 90 days prior to the filing
date of this Annual Report on Form 10-KSB,
we have performed an evaluation of the effectiveness of
the design and operation of these controls under
the supervision and with the participation of our management,
including our Chief Executive Officer.
Based upon that evaluation,  our Officers have concluded that
 the disclosure controls and procedures are
effective to ensure that information required to be disclosed
 in the reports that the Company files or submits
under the Exchange Act is accumulated and communicated to
 management, including our CEO and
principal financial officer,  to allow timely decisions
regarding required disclosures of such information. In
the design and evaluation of our disclosure controls and
procedures, management has recognized that risks
of misstatements due to error, failures in compliance, or
 changes in conditions are inherent in any cost-
effective control system.

Changes in Internal Control Over Financial Reporting

	There were no changes in our internal control over
 financial reporting during the fourth quarter of
2007 that have materially affected, or are reasonably likely
 to materially affect, our internal control over
financial reporting.

Item 8B. Other Information

None.

                                 Part III

Item 9.  Directors, Executive Officers, Control Persons


      The following table sets forth information with
respect to the current directors and executive officers
of the Company.


         Name and
         Address                       	 Position

         Frank Aiello                 	President / Director

         Denise Aiello(1)               Sec/Director


(1)	Mrs. Aiello is the wife of Frank Aiello the
 Company's President.

     All directors hold office until the next annual meeting
of stockholders or until their  successors have
been duly elected and qualified.  Directors will be elected
at the annual  meetings  to serve  for  one-year
terms.  There are no agreements with respect to the election
of directors.  Each executive officer is
appointed by and serves at the discretion of the Board of
Directors. It should be noted that the Company
has not held an annual meeting in the last year.

     The directors will provide their time to Cal Alta Auto
 Glass, Inc., affairs on an as needed basis, the exact
amount of which is undetermined at this time.

     The business experience of each of the persons listed
above during the past five years is as follows:

         Frank Aiello, 54, President/Director

Mr. Aiello, has been the Owner and President of FAA
 Enterprise Ltd., a private corporation (holding
company) since 1995 to present. FAA Enterprise Ltd.,
 is a holding Company for investments Mr. Aiello
makes in his own personal interest. From November
2000, to present Mr. Aiello has been the President of
Westcan Autoglass Supplies, Inc., a auto glass and
 supplies wholesale company. Since 1986, Mr. Aiello
has also been the President of Cal Alta Auto Glass,
 Ltd. a Canadian corporation that owns and operates two
automobile glass replacement and repair locations in
 Calgary, Alberta.  Currently Mr. Aiello is the
President of Cal Alta Auto Glass, Inc.

         Denise Aiello, 44, Secretary/Director

Mrs. Aiello, has had a very limited role for the last
 several years in Cal Alta Auto Glass, Ltd. Mrs. Aiello's
primary role has been assisting Mr. Aiello, when needed
in decision making for the Canadian company,

due to it being family held prior to the reverse merger
 in November 2003.

     None of the officers and/or directors of Cal Alta
 Auto Glass, Inc., are officers or  directors  of any other
publicly  traded  corporation,  nor have any of the
affiliates or promoters of Cal Alta Auto Glass, Inc., filed
any bankruptcy  petition, been convicted in or been
 the subject of any pending  criminal  proceedings,  or
the subject or any order,  judgment,  or decree  involving
 the violation of any state or federal securities
laws within the past five years.

Compliance with 16(a) of the Exchange Act

     The Securities Exchange Act of 1934 requires all
 executive officers and directors to report any changes
in the ownership of common stock of the Company to the
Securities & Exchange Commission and the
Company. The officers and directors of the Company filed
 these reports in February of 2008, in compliance
with 16(a) of the exchange act.

Conflicts of Interest

     We do not have any procedures in place to address
conflicts of interest that may arise between our
directors and officers between our business and their
other business activities.   It should be noted that there
is the potential for a conflict of interest for our
president, Mr. Frank Aiello. Mr. Aiello, is the president of
Westcan Autoglass Supplies, Inc., who supplies Cal
 Alta with approximately 45% of our supplies. No
conflicts have occurred to date.


Item 10.  Executive Compensation

     The following table shows the amount of all
 compensation earned or services in all capacities to the
Company for the last three  fiscal years for the
executive officers as of December 31, 2007.
..

Officer and directors received the following compensation
 for the years ended December 31, 2005,
December 31, 2006, and December 31, 2007.

Frank Aiello.  Mr. Aiello is the President of the Company.
 Mr. Aiello owns directly 54% of the Company.

Denise Aiello.  Mrs. Aiello is the Secretary of the Company.
  She has very limited role and has donated her
services for the year. Mrs. Aiello owns directly 9% of the Company.

Directors will receive $500 per meeting paid by Cal Alta
Auto Glass, Inc., payable in stock, plus expenses.

The following table shows the amount of all compensation
 earned for services in all capacities to the
Company for the last three fiscal years.


Name			Year		Salary	   Bonus  Restricted
							   Stock
							   Awards

Frank Aiello, President  2007        $110,000*	     0    $227,500
Director	         2006                0	     0		0
                         2005          $12,386	     0		0

Denise Aiello, Secretary 2007                0	     0 		0
Director                 2006                0	     0		0
                         2005                0	     0		0

*This represents the management fee which is due to
 Mr. Aiello (see related party note)


Item 11.  Security Ownership of Beneficial Owners and Management

     The following  table sets forth,  as of April 14, 2008,
  based upon our records  and  information
obtained  from  the  persons  named  below,  certain information
 concerning  beneficial ownership of our
shares of Common Stock with respect  to (I) each  person  known
to own or more than 5% of our
understanding shares of Common Stock, (II) each of our executive
 officers and directors,  and (III) all of
our executive officers and directors as a group:

                            	   Amount               Approximate
                           	And Nature               Percentage
                                 Of Beneficial           of Common
Identity                  	 Ownership               Stock Owned
Frank Aiello                     10,225,000*	           54%(II)
Denise Aiello               	 1,000,000                 5%(II)

Management as a Group Directly 11,225,000                  59%(III)

*Includes 3,250,000 shares which are held indirectly through
 FAA Enterprises LTD, which is 100% owned
by Mr. Aiello.



Item 12.  Certain Relationships and Related Transactions

Cal Alta Auto Glass, Ltd, purchases approximately 45% of its glass
and supplies from Westcan Autoglass
Supplies, Inc. a company owned 100% by Mr. Frank Aiello, the
 Company's President.  Mr. Aiello currently
does not run any auto glass shops of his own.  Autoglass and
 supply purchases from Westcan were
$487,337 and $239,574 for the years ended December 31, 2007
and 2006, respectively.

Cal Alta owes Westcan Auto Glass Supplies, Inc. (a related party)
 accounts payable of $216,090 as of
December 31, 2007.

FAA Enterprises (a related party) owes the Company loans
receivable of $346,918 and $100,450 as of
December 31, 2007 and 2006, respectively.  For the year ended
 December 31, 2007, the receivable to FAA
Enterprises increased $246,468.  The loan receivable is interest
 bearing at a rate of 5%. Interest income
from this receivable was $9,175 and $9,457 for the years ended
 December 31, 2007 and 2006, respectively.
The loans are callable at anytime by Cal Alta Auto Glass, Inc.

FAA Enterprises and Westcan Autoglass Supplies, Inc. are owned
100% by Frank Aiello, the Company's
president.

Cal Alta Auto Glass, Ltd, has a three year lease agreement for
 its North shop location.  This location is
owned by FAA Enterprises (a related party).  The monthly lease
commitment is $3,000.  Total rent
payments to FAA Enterprises were $36,000 for the years ended
December 31, 2007 and 2006.

Cal-Alta Auto Glass, Ltd has a note payable due to Frank
 Aiello, the President of the Company.  As of
December 31, 2007 and 2006 the balance was $129,056 and
$1,950. Included in the 2007 balance was a
management fee payable to Mr. Aiello of approximately
 $107,900.


Item 13.  Exhibits and Reports on 8-K

23.1       Consent Letter
31.1       Certification of the CEO Pursuant to Section 302
           of the Sarbanes-Oxley Act of 2002
32.1       Certification of the CEO Pursuant to 18 U.S.C.
	   Section 1350, as
           Adopted Pursuant to Section 906 of the
           Sarbanes-Oxley Act  of 2002.
99.1 	   Bank Overdraft Agreement filed by reference

       List of documents filed as part of this report:
           (a) Exhibits


ITEM 14.  Principal Accountant Fees and Services

Audit Fees.

     The approximate aggregate fees billed for each of the
last two fiscal years for professional services
rendered by Armando C. Ibarra, CPA (until August 8, 2006)
 and Chang G. Park, CPA for the audit of the
Registrant's annual financial statements, and review of
financial statements included in the company's SEC
filings is as follows: 2007: $14,100; and 2006: $17,600.

Audit-Related Fees.

     The aggregate fees billed in each of the last two
fiscal years for assurance and related services by
Armando C. Ibarra, CPA, (until August 8, 2006) and
 Chang G. Park, CPA that are reasonably related to the
performance of the audit or review of the Registrant's
 financial statements and are not reported under Audit
Fees above: $0.

Tax Fees.

     The aggregate fees billed in each of the last two
fiscal years for professional services rendered by
Armando C. Ibarra, CPA, (until August 8, 2006) and
Chang G. Park, CPA for tax compliance, tax advice,
and tax planning is as follows: 2007 $0 and 2006: $0.

All Other Fees.

     The aggregate fees billed in each of the last
 two fiscal years for products and services provided by
Armando C. Ibarra, CPA, (until August 8, 2006) and
 Chang G. Park, CPA other than the services reported
above: $0.










































                     Part IV
                   Signatures

     Pursuant to the Requirements of Section 13 or 15(d)
 of the Securities Act of 1934,  the  registrant has
duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorize.

                           CAL ALTA AUTO GLASS, INC.

                            By:/s/ Frank Aiello
                            Frank Aiello, President/CEO/
			    Principal Accounting Officer


     Pursuant to the requirements of the Securities Exchange
Act of 1934, this report has been signed by the
persons on behalf of the registrant and in the capacities
and on the dates indicated:



Signature                 Title                    Date

/s/ Frank Aiello   President/CEO/ Principal     4/14/2008
Frank Aiello       Accounting Officer


/s/ Denise Aiello      Sec. / Treas              4/14/2008
Denise Aiello
                          S-1