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, 2006
                        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 March 22, 2007, the aggregate market value of the voting stock held by
non-affiliates is $ 215,000.


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


Common Stock                                  10,400,000 Shares Outstanding
$0.001 par value                                 as of March 22, 2007

<PAGE>

Certain information required by Part III of this Form 10-KSB is included
byreference 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 $1,133,615.










                                                        ii


<PAGE>



                            CAL ALTA AUTO GLASS, INC.
                                TABLE OF CONTENTS


                                     PART I
                                                                      Page

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


                         PART II

Item 5.          Market for Common Equity and Related Stockholder Matters 5-7
Item 6.          Managements Discussion and Analysis or Plan of Operation 7-11
Item 7.          Financial Statements                                     12-25
Item 8.          Changes in and Disagreements with Accountants on
                     Accounting and Financial Disclosure                  26
Item 8a.        Controls and Procedures                                   26

                        PART III

Item 9.          Directors, Executive Officers, Promoters and Control persons;
                     Compliance with Section 16(a) of the Exchange Act    26-27
Item 10.         Executive Compensation                                   27-28
Item 11.        Security Ownership of Certain Beneficial Owners and
                     Management                                           28
Item 12.        Certain Relationships and Related Transactions            29-30
Item 13.        Exhibits and Reports on Form 8-K                          30
Item 14.        Accountants                                               30



SIGNATURES                                                                S-1








                                                         1
<PAGE>

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.

                                       2
<PAGE>


     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


                                       3
<PAGE>

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 6 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.


                                       4
<PAGE>


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 $1,700 (US) per month
from an unrelated party on a five year lease that expires in May of 2007. 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 expired on December 1, 2006. This lease was renegotiated
for an additional five years expiring on December 1, 2011 at approximately
$3,108 (US) per month.

    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. 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 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


                                       5
<PAGE>


 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.

     As of March 22, 2007, there were approximately 39 holders respectfully of
record of the Company's Common Stock. Because the Company started trading in
early March of 2007, no trading history is presented herein.

    Recent Sales of Unregistered Securities

In accordance with Item 701 of Regulation SB the Company considers recent sales
of securities to be transactions, which have occurred in the last three years.
There have been no sales in this timeframe, therefore, there is nothing
presented.

     As of March 22, 2007, the Company has a total of 10,595,00 shares of common
stock issued, of which 195,000shares are held as treasury stock. Therefore, the
Company has 10,400,000 common shares 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, 2006, 10,595,00 shares of common stock were
issued, of which 195,000shares are held as treasury stock. Therefore, the
Company has 10,400,000 common shares outstanding as of December 31, 2006. The
treasury shares were acquired in 2006, therefore as of December 31, 2005, the
Company had 10,595,000 common shares issued and outstanding.

     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


                                       6
<PAGE>


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 2,150,000 shares may be sold,
transferred or otherwise traded in the public market, should one develop, unless
held by an affiliate or controlling shareholder of the Company. Of these
2,150,000 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.

     Of the 8,250,000 restricted common shares 8,250,000 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 whose
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, 2006 and 2005. The Company consolidates the
operations of Cal Alta Autoglass, LTD.

Results of Operations

    For the year ended December 31, 2006, the Company had sales of $1,133,615
compared to $822,854 for the same period ended December 31, 2005, with net
income of $29,177 compared with to a net loss of $69,605, for the same period
respectively. The $310,761 increase in revenues for year ended December 31, 2006
compared to 2005, 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. The further strengthening of the Canadian dollar to the US
dollar also contributed to approximately $70,000 of this increase. The Canadian
dollar exchange rates strengthened from 1.21 for the year average ended December
31, 2005 to 1.13 for the year average ended December 31, 2006. In Canadian
dollars, the Company had revenues of $1,261,210 for the year ended December 31,
2006 compared to revenues of $998,667 for the year ended December 31, 2005. Cost
of goods sold decreased as a percentage of sales by approximately 5%. Management
attributes the decrease in cost of goods sold due to better pricing on higher
volume and not using subcontractors to install. Salaries


                                       7
<PAGE>

and wages were up
approximately $65,000 or almost 50%. This is due to increased wages increases,
increased headcount and increased business. General and administrative expenses
were up approximately $25,000, with most of this due to the Company incurring
additional costs due to becoming a publicly traded company. There was an
approximate $20,000 increase in wages and employee benefits. Health and
insurance expenses were up approximately $5,500 as the company increased its
health insurance payments for employees. The Company also had a gain of $9,457,
from selling an investment owned.


                                             Income Statement Summary
                                                    December 31

                                                        2006               2005

Revenues                                          $1,133,615            822,854

Total Operating Costs                              1,111,581            890,196

Net Operating Income                                  22,034            (67,342)

Other Income / (Expense)                               7,142             (2,236)

Net Income / (Loss)                                   29,177            (69,605)

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, 2006 compared
to the same period of 2005.

    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


                                       8
<PAGE>

   As of December 31, 2006, the Company has ($32,799) in cash and $133,281 in
accounts and loans receivable. This is compared with ($44,350) in cash and
$97,410 in accounts and loans receivable as of December 31, 2005. It should be
noted that included in the accounts and loans receivable amount for December 31,
2006, is $100,450, which was due from FAA Enterprises (see related party note).
This balance is $21,813 as of year-end 2005.

    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, 2006, the Company provided cash from
operations in the amount of $81,799 compared to cash used from operations of
$206,675 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 2005,
the Company paid accounts payable to a related party by $132,603, more than what
was paid in 2006. Also, contributing to the increase in cash provided from
operations when comparing the last two years is that in 2005, the Company
increasing the provision for earned discounts by $15,025, while in the 2006,
this amount decreased $26,072. It should be noted that the Company's bank
overdraft did decreased $11,551, when comparing 2006 to 2005. There were no cash
flows from investing activities. The Company used cash in financing activities
to related parties. When comparing 2006 to 2005 the Company loaned $78,637 to
related parties compared to borrowing $204,117 in notes to related parties for
the year ended December 31, 2005.

       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
                                                          2006              2005

Total Current Assets                                  $ 37,847            79,270

Property (net)                                           9,797            11,988

Total Assets                                           148,852           118,976

Current Liabilities                                     97,154            93,702

Total Liabilities                                       97,154            93,702

Total Stockholders Equity                               51,698            25,274

Total Liabilities and
Stockholders Equity                                    148,852           118,976


                                       9
<PAGE>

     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 $1,286. 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 January 2003, the FASB issued FASB Interpretation No. 46 ("FIN
46"),"Consolidation of Variable Interest Entities, an interpretation of ARB No.
51," as revised, A Variable Interest Entity ("VIE") is an entity with
insufficient equity investment or in which the equity investors lack some of the
characteristics of a controlling financial interest. Pursuant to FIN 46, an
enterprise that absorbs a majority of the expected losses of the variable
interest entity must consolidate the VIE. The full adoption of FIN 46 in fiscal
2004 did not have a material effect on our financial position and results of
operations.

        In April 2003, the FASB issued SFAS No. 149 "Amendment of Statement 133
on Derivative Instruments and Hedging Activities", which amends and clarifies
the accounting guidance on certain derivative instruments and hedging
activities. SFAS 149 is generally effective for contracts entered into or
modified after June 30, 2003 and hedging relationships designated after June 30,
2003. The adoption of this statement did not impact the Company's financial
position, results of operations, or cash flows.

        In November 2004, the FASB issued Statement of Financial Accounting
Standards (SFAS) No. 151 "Inventory Costs." This statement amends Accounting
Research Bulletin No. 43, Chapter 4, "Inventory Pricing" and removes the "so
abnormal" criterion that under certain circumstances could have led to the
capitalization of these items. SFAS No. 151 requires that idle facility expense,
excess spoilage, double freight and re-handling costs be recognized as
current-period charges regardless of whether they meet the criterion of "so
abnormal." SFAS 151 also requires that allocation of fixed production overhead
expenses to the costs of conversion be based on the normal capacity of the
production facilities. SFAS No. 151 is effective for all fiscal years beginning
after June 15, 2005. The adoption of this statement did not impact the Company's
financial position, results of operations, or cash flows.

         In December 2004, the FASB issued SFAS No. 123(R), "Accounting for
Stock-Based Compensation" ("SFAS No. 123(R)"). SFAS No. 123(R) establishes
standards for the accounting for transactions in which


                                       10
<PAGE>

an entity exchanges its
equity instruments for goods or services. This Statement focuses primarily on
accounting for transactions in which an entity obtains employee services in
share-based payment transactions. SFAS No. 123(R) requires that the fair value
of such equity instruments be recognized as an expense in the historical
financial statements as services are performed. Prior to SFAS No. 123(R), only
certain pro forma disclosures of fair value were required. The provisions of
this Statement are effective for the first interim reporting period that begins
after June 15, 2005. The adoption of this statement did not impact the Company's
financial position, results of operations, or cash flows.


        On December 16, 2004, the FASB issued SFAS No. 153, "Exchange of
Non-monetary Assets", an amendment of Accounting Principles Board ("APB")
Opinion No. 29, which differed from the International Accounting Standards
Board's ("IASB") method of accounting for exchanges of similar productive
assets. Statement No. 153 replaces the exception from fair value measurement in
APB No. 29, with a general exception from fair value measurement for exchanges
of non-monetary assets that do not have commercial substance. The Statement is
to be applied prospectively and is effective for non-monetary asset exchanges
occurring in fiscal periods beginning after June 15, 2005. The adoption of this
statement did not impact the Company's financial position, results of
operations, or cash flows.

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 Company's periodic report filings with the
Securities and Exchange Commission.



                                       11
<PAGE>


Item 7.  Financial Statements and Supplementary Data


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


           Report of Independent Registered Public Accounting Firm


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


We have audited the accompanying consolidated balance sheet of Cal Alta Auto
Glass, Inc. and subsidiary (the Company) as of December 31, 2006 and the related
statements of operation, changes in shareholders' equity and cash flows for the
year 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 audit. The consolidated
financial statements of Cal Alta Auto Glass, Inc. and subsidiary as of December
31, 2005 were audited by other auditors whose report dated March 3, 2006,
expressed an unqualified opinion on those statements.

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, 2006, and the results of its operation
and its cash flows for the year then ended in conformity with U.S. generally
accepted accounting principles.



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

February 9, 2007
San Diego, CA. 91910


                                       12
<PAGE>

                                                        As of           As of
                                                    December 31,    December 31,
                                                        2006            2005
                                ASSETS
Current Assets
Cash                                        $               $                 -
Accounts receivable                                      32,831          42,776
Earned discounts receivable
(a related party)                                             -          26,072
Inventory                                                 1,286           1,286
Loan receivables                                              -           6,749
Prepaid expenses                                          3,730           2,387
Total Current Assets                                     37,847          79,270
Net Property & Equipment                                  9,796          11,988
Other Assets
Investment in other companies                                 -           5,146
Loan receivable - (related party)                       100,450          21,813
Deposit                                                     759             759
Total Other Assets                                      101,209          27,718
TOTAL ASSETS                                          $ 148,852       $ 118,976
LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable                                      $  51,339       $  43,791
Bank overdraft                                           32,799          44,350
Loan payable (related pary)                               1,950               -
GST payable                                              11,066           5,561
Total Current Liabilities                                97,154          93,702
Stockholders' Equity
Common stock, ($0.001 par value,
50,000,000 shares
authorized; 10,400,000 and
10,595,000 shares issued and
outstandingas of and December 31, 2006
and 2005, respectivly)                                   10,595          10,595
Paid-in capital                                         (10,395)        (10,395)
Treasury stock                                           (1,950)              -
Retained earnings (deficit)                              52,027          22,849
Foreign currency translation adjustment                   1,421           2,225
Total Stockholders' Equity                               51,698          25,274
TOTAL LIABILITIES
& STOCKHOLDERS' EQUITY                                $ 148,852       $ 118,976
                                                                              -



                                       13
<PAGE>





                                                Year Ended         Year Ended
                                                December 31,       December 31,
                                                    2006               2005

                                          ------------------ ------------------


Revenues

Income                                          $  1,133,615       $    822,854

                                          ------------------ ------------------

Total Revenues                                     1,133,615            822,854


Costs of Sales
Glass & moldings (related party)                     552,888            412,267
Sub. contractors                                       2,296             34,285

                                          ------------------ ------------------

Total Costs of Sales                                 555,184            446,552

                                          ------------------ ------------------

Gross Profit                                         578,431            376,302

Operating Costs
Depreciation & amortization                            2,601              2,936
Advertising                                          172,986            160,108
Salaries & wages                                     187,863            112,991
General & administrative expenses                    192,947            167,609

                                          ------------------ ------------------

Total Operating Costs                                556,397            443,644

Net Operating Income / (Loss)                         22,034            (67,342)

Other Income (Expenses)
Interest expense                                      (2,315)            (2,263)
Other income                                           9,457                  -

                                          ------------------ ------------------

Total Other Income (Expenses)                          7,142             (2,263)

                                          ------------------ ------------------

NET INCOME (LOSS)                               $     29,176       $    (69,605)

                                          ================== ==================


BASIC EARNING (LOSS) PER SHARE                  $       0.00       $      (0.01)

                                          ================== ==================


WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING                         10,529,822         10,595,000

                                          ================== ==================





                                       14
<PAGE>



                                       Common        Common      Additional
                                       Shares        Stock          Paid
                                                     Amount      in Capital

Balance, December 31, 2004             10,595,000       10,595        (10,395)

Foreign currency translation adjustment

Net loss for the year ended
 December 31, 2005


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 lncome for the year ended
 December 31, 2006


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









                                                Retained     Foreign       Total
                                      Treasury  Earnings    Currency
                                       Stock    (Deficit)  Translation


Balance, December 31, 2004                 -      92,455       2,464      94,467

Foreign currency
translation adjustment                     -           -         413         413

Net loss for the year ended
December 31, 2005                          -     (69,605)          -    (69,605)


Balance, December 31, 2005                 -      22,850       2,877      25,275



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

Foreign currency
translation adjustment                     -           -      (1,456)    (1,456)

Net lncome for the year ended
December 31, 2006                          -      29,176           -      29,176


Balance, December 31, 2006          $ (1,950)   $ 52,026    $  1,421    $ 51,697







                                       15
<PAGE>


                                                     Year Ended      Year Ended
                                                     December 31,   December 31,
                                                        2006             2005

                                                 -------------------------------

CASH FLOWS FROM OPERATING ACTIVITIES

Net income (loss)                                         $  29,177   $ (69,605)
Adjustments to reconcile net loss to net cash
used in operating activities:
Depreciation & amortization expense                           2,601        2,936
Gain on sales of marketable securities                       (9,457)
Change in assets and liabilities
(Increase) decrease in accounts receivable                    9,945     (10,123)
(Increase) decrease in inventory                                  -         (40)
(Increase) decrease in prepaid expenses                      (1,343)       2,713
(Increase) decrease in other assets                               -         (24)
(Increase) decrease in provision for earned discounts        26,072     (15,025)
Increase (decrease) in accounts payable                       7,548        2,293
Increase (decrease) in taxes payable                          5,505      (2,114)
Increase (decrease) in accounts payable (related party)           -    (132,603)

                                                 -------------------------------

Net cash provided (used) by
operating activities                                         70,048    (221,592)

CASH FLOWS FROM INVESTING ACTIVITIES

(Increase) decrease in notes receivable                       6,749        1,788
(Increase) decrease in investment                            14,603        (160)
Change in notes receivable - related party                  (78,637)     204,117

                                                 -------------------------------

Net cash provided (used) by
investing activities                                        (57,285)     205,745

CASH FLOWS FROM FINANCING ACTIVITIES

Increase (decrease) in bank overdraft                       (11,551)      13,289
Increase (decrease) in loan payable                           1,950            -
Change in treasury stock                                     (1,950)           -

                                                 -------------------------------

Net cash provided (used) by
financing activities                                        (11,551)      13,289

Effect of exchange rate changes on cash                      (1,212)       2,558

                                                 -------------------------------

Net increase (decrease) in cash                                   -            -

Cash at beginning of year                                         -            -

                                                 -------------------------------

Cash at end of year                                      $       -     $       -

                                                 ===============================

Supplemental cash flows disclosures:

Cash paid during year for interest                        $   2,315    $   2,263

                                                 ===============================

Cash paid during year for income taxes                   $            $        -

                                                 ===============================

Supplemental Schedule of
Non-Cash Activities:

Common stock issued for services                         $            $        -

                                                 ===============================

Treasury stock                                           $            $        -


                                       16
<PAGE>





                            CAL-ALTA AUTO GLASS, INC.
                 Notes to the Consolidated Financial Statements
                        As of December 31, 2006 and 2005




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.

In late 1997, Cal Alta Auto Glass, Ltd. divested of all of its auto glass
operating assets to Pro Glass Industries, Inc. (Pro Glass), a Calgary, Alberta
company with common ownership. Pro Glass traded as a public entity starting in
the fourth quarter of 2001. However, due to market conditions at the time, Pro
Glass 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 private again; while merging the parent
company with another entity that could provide value to its shareholders.

However, on September 10, 2002, Pro Glass entered into an Agreement and Plan of
Reorganization by and between the Company and MicroSignal Corporation, a
Pennsylvania corporation, whereby Pro Glass, acquired all issued and outstanding
shares of MicroSignal in exchange for the issuance of 17,051,344 shares of Pro
Glass. As part of the merger Pro Glass, 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 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 Micro Signal 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.



                                       17
<PAGE>




NOTE 1.  OPERATIONS AND DESCRIPTION OF BUSINESS (CONTINUED)

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.

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.



                                       18
<PAGE>

NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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-comany 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, 2006 and 2005 the Company had
inventory of $1,286.

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.

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 and accelerated methods for income tax purposes;
five years for vehicles and equipment and seven years for office furniture.
Total depreciation for the year ended December 31, 2006 and 2005 was $2,601 and
$2,936, respectively.



                                       19
<PAGE>





NOTE  2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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:

o        Persuasive evidence of an arrangement exists between a customer and the
         Company (a written and accepted estimate).
o        Delivery has occurred or services have been rendered, (job or services
         for customer(s) has been completed and accepted).
o        The Company's price to the customer is fixed or determinable (and
         accepted).
o        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 does not
recognize an allowance on these insurance receivables to do non-collection being
very rare.

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.


                                       20
<PAGE>

NOTE  2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

k. Earned Discounts Receivable

Earned discounts receivable represent amounts due back to the Company from its
suppliers for discounts earned from purchasing certain quantities of inventory
in a year. As of December 31, 2005, the Company is owed $26,072 in earned
discounts from Westcan Autoglass Supplies, Inc. (a related party - see note 8).
There is no earned discounts due from Westcan Autoglass Supplies, Inc. as of
December 31, 2006.

l. GST Payable

GST payable represents sales taxes that are owed by the Canadian operations to
the local governments. As of December 31, 2006 and 2005, the Company owed
$11,066 and $5,561 in GST payable, respectively.

m. New Accounting Pronouncements:

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements" (SFAS
No. 157). The purpose of SFAS No. 157 is to define fair value, establish a
framework for measuring fair value, and enhance disclosures about fair value
measurements. The measurement and disclosure requirements are effective for the
company beginning in the first quarter of fiscal year 2008. The companuy is
currently evaluating the impact that SFAS No. 157 will have on its consolidated
financial Statements.

In February 2007, the FASB issued SFAS No. 159, "Fair Value Option for Financial
Assets and Financial Liabilities" (SFAS No. 159). SFAS No. 159 permits companies
to choose to measure certain financial instruments and certain other items at
fair value. The standard requires that unrealized gains and losses on items for
which the fair value option has been elected be reported in earnings. SFAS No.
159 is effective for the company beginning in the first quarter of fiscal year
2008, although earlier adoption is permitted. The company is currently
evaluating the impact that SFAS No. 159 will have on its consolidated financial
statements.

In June 2006, the FASB issued FASB Interpretation No. 48, "Accounting for
Uncertainty in Income Taxes -an interpretation of FASB Statement No. 109" (FIN
48). The interpretation contains a two-step approach to recognizing and
measuring uncertain tax positions accounted for in accordance with SFAS No. 109,
"Accounting for Income Taxes." The first step is to evaluate the tax position
for recognition by determining if the weight of available evidence indicates
that it is more likely than not that the position will be sustained on audit,
including resolution of related appeals or litigation processes, if any. The
second step is to measure the tax benefit as the largest amount which is more
than 50% likely of being realized upon ultimate settlement. The company is still
assessing the impacts of the adoption of FIN 48.


                                       21
<PAGE>



NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

NEW ACCOUNTING PRONOUNCEMENTS:

In June 2006, the FASB ratified the EITF Issue No. 06-2, "Accounting for
Sabbatical Leave and Other Similar Benefits Pursuant to FASB Statement no. 43"
(EITF 06-2). EITF 06-2 requires companies to accrue the cost of such compensated
absences over the requisite service period. The company is required to apply the
provision of EITF 06-2 at the beginning of fiscal year 2007. EITF 06-2 allows
for adoption through retrospective application to all prior periods or through a
cumulative-effect adjustment to retained earnings. The company is currently
evaluating the impact that SFAS No. 43 will have on its consolidated financial
statements.


NOTE 3.  OPERATING LEASES

The Company leases two locations, both under an operating leases, one expires on
December 1, 2011 and and the other expires on April 30, 2007. Rent expense for
the year ended December 31, 2006 and 2005 were $58,744 and $56,127,
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, 2006 and 2005 and were $6,741 and $6,312, respectively. At December 31,
2006, minimum annual rental commitments under the property non-cancelable lease
were as follows:
                  Year     Minimum Lease Payments
       ----------------- -----  ----- ------------------------------------------
       ----------------- -----  ----- ------------------------------------------
                    2007     $ 64,645
                    2008     $ 41,130
                    2009     $ 37,303
                    2010     $ 37,303
                    2011     $ 34,194

    Total                   $  214,575


NOTE 4.  PROPERTY & EQUIPMENT

Components of property and equipment include the following as of:

                                       December 31, 2006      December 31, 2005
                                    -------------------------------------------
                                    -------------------------------------------
Office Equipment                                      $ 24,005         $ 24,014
Automobile                                               1,312              969
                                    -------------------------------------------
                                    -------------------------------------------
Total Office Equip. & Automobile                        25,317           24,983
Accumulated Depreciation                               (15,520)         (12,995)
                                    -------------------------------------------
                                                     --------------------------
Net Property and Equipment                            $  9,797         $ 11,988
                                    ===========================================


                                       22
<PAGE>



NOTE 5.  INVESTMENT IN OTHER COMPANIES

The 2005 investment in other companies  represents  15,000 shares of common
stock in Triad  industries,  Inc. Triad Industries,  Inc.,  trades on the
OTC-BB under the symbol  "TDII".  The  investment  is recorded at its
historical cost.  This investment was liquidated in 2006, for a gain of $9,457


NOTE 6.  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, 2006 the Company has no 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.

However, at December 31, 2006, 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:



                                       23
<PAGE>

                                                              December 31, 2006



Loss carryforward at December 31, 2005                                 $ 69,605
Net Income for Year ended12/31/06                                        29,177
                                                                      ---------
Loss carryforward at December 31, 2006                                   40,428

Deferred tax benefit                                                   $ 11,724
Valuation allowance                                                     (11,724)

                                                      -------------------------
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 7.  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. For the year ended December 31, 2005, Cal Alta purchased $167,202,
in auto glass and moldings from Westcan Autoglass Supplies, Inc. This amount
includes $1,286, in auto glass held in inventory as of December 31, 2005. Also
as of December 31, 2005, Westcan Autoglass Supplies, Inc. owed the Company
$26,072 in earned discounts.

FAA Enterprises (a related party) owes the Company loans receivable of $100,450
and $21,813 as of December 31, 2006 and 2005, respectively. For the year ended
December 31, 2006, the receivable to FAA Enterprises increased $78,637. During
2005, the Company reduced its payable to Westcan Autoglass Supplies, Inc. with
the FAA note receivable. FAA Enterprises and Westcan Autoglass Supplies, Inc.
are owned 100% by Frank Aiello, the Company's president.

NOTE 8.  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 US Dollars. The Companies balance sheets as of
December 31, 2006 and 2005 were translated at their period ended rate of
$1.16640 and $1.6600, respectively. Statements of operations and cash flows were
reported on the weighted average for the twelve months ended December 31, 2006
and 2005 as required by FASB # 52. The weighted average for the year ended
December 31, 2006 and 2005 where $1.13461 and $1. 21173, respectively.

                                       24
<PAGE>

NOTE  9.  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.

As of December 31, 2002 there were 8,500,000 shares of common stock outstanding.

On November 25, 2003 the Company issued 2,095,000 shares of common stock in a
recapitalization.

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

As of December 31, 2006 there were 10,400,000 shares of common stock
outstanding.

NOTE 10.  STOCKHOLDERS' EQUITY

The stockholders' equity section of the Company contains the following classes
of capital stock as of December 31, 2006:

o        Common stock, $ 0.001 par value: 50,000,000 shares authorized;
         10,595,000 shares issued, of which 195,000 are held as treasury stock,
         therefore there are 10,400,000 shares outstanding.







                                       25
<PAGE>








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 2006 that have materially affected, or are
reasonably likely to materially affect, our internal control over financial
reporting.

                                                               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

         Mason Graf(2)              Director

(1)      Mrs.  Aiello is the wife of Frank Aiello the  Company's  President
 and mother of Mason Graf a Director of the Company.
(2)      Mr. Graf is the son of Frank Aiello the Company's President and Denise
Aiello the Company's Secretary.

     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



                                       26
<PAGE>


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, 53, 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, 43, 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.

           Mason Graf, 27, Director

Mr. Graf, has been an assistant manager of the auto glass shops for the last 4
years, prior to this he was an auto glass installer for the company. Mr. Graf,
has spent the last ten years learning the auto glass industry at the Company's
locations.

     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 March of 2007, 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.


                                       27
<PAGE>



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 two fiscal years for the executive
officers as of December 31, 2005.

Officer and directors received the following compensation for the years ended
December 31, 2004, December 31, 2005, and December 31, 2006.

Frank Aiello.  Mr. Aiello is the President of the Company.  Mr. Aiello owns
 directly 66% 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.

Mason Graf.  Mr.  Graf is a Director of the  Company.  Mr.  Graf has donated
his time as a director.  However,  for his services at the auto glass shops Mr.
Graf  received  the  following  wages for the last three years.  Mr. Graf,
has taken a leave of absence from the glass shops for 2005.

Directors will receive $1,000 per year paid by Cal Alta Auto Glass, Inc.,
payable in stock, paid quarterly, plus expenses for attending meetings once the
company becomes a fully reporting entity and obtains trading status on the
OTC-BB.

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

                                                                      Restricted
                                                                           Stock
Name                                   Year     Salary          Bonus     Awards


Frank Aiello, President                 2006           0           0           0
Director                                2005     $12,386           0           0
                                        2004           0           0           0

Denise Aiello, Secretary                2006           0           0           0
Director                                2005           0           0           0
                                        2004           0           0           0

Mason Graf, Director                    2006     $15,149           0           0
                                        2005           0           0           0
                                        2004      11,065           0           0




Item 11.  Security Ownership of Beneficial Owners and Management

     The following table sets forth, as of March 22, 2007, 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
Michael Kelleher                                   600,000               6%(I)
Frank Aiello                                     7,000,000              66%(II)
Denise Aiello                                    1,000,000               9%(II)
Mason Graf                                         250,000             2.5%(II)

Management as a Group Directly                   8,250,000              78%(III)



                                       28
<PAGE>

Item 12.  Certain Relationships and Related Transactions


     On September 10, 2002, Pro Glass Technologies, Inc., (Frank Aiello, the
Company's president was a controlling shareholder) entered into an Agreement
and Plan of Reorganization by and between  the  Company  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, put
the assets and liabilities of the auto glass operations directly into Cal Alta
Auto Glass, Ltd., a Calgary, Alberta Corporation. Due to the merger with
International Sports Marketing Group, Inc., Cal Alta Auto Glass, Ltd, became
an operating subsidiary of Cal Alta Auto Glass Inc., (formerly International
Sports Marketing Group, Inc).

   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.

     Mr. Aiello, Mrs. Aiello and Mr. Graf received their shares as a result of
the business combination.

 For the year ended December 31, 2006, Cal Alta purchased $239,574 in auto glass
and moldings from Westcan Autoglass Supplies, Inc. This amount includes $1,286,
in auto glass held in inventory as of December 31, 2006.

For the year ended December 31, 2005, Cal Alta purchased $167,202, in auto glass
and moldings from Westcan Autoglass Supplies, Inc. This amount includes $1,286,
in auto glass held in inventory as of December 31, 2005. Also as of December 31,
2005, Westcan Autoglass Supplies, Inc. owed the Company $26,072 in earned
discounts.

FAA Enterprises (a related party) owes the Company loans receivable of $100,450
and $21,813 as of December 31, 2006 and 2005, respectively. For the year ended
December 31, 2006, the receivable to FAA Enterprises increased $78,637. This was
a loan and a fair market interest rate is being negotiated. During 2005, the
Company reduced its payable to Westcan Autoglass Supplies, Inc. with the FAA
note receivable. FAA Enterprises and Westcan Autoglass Supplies, Inc. are
majority owned by Frank Aiello, the Company's president. At of December 31, 2006
FAA Enterprises balance due to the Company was $100,450.The receivable currently
is not interest bearing and is callable at anytime. There are no formal loan
agreements between the Company and Mr. Aiello or any due dates. The original
amount of this receivable was $1,048 when the receivable started in October of
2002. The majority of the loan stems


                                       29
<PAGE>


from FAA Enterprises being the private
investment company of the company president Frank Aiello. Mr. Aiello deemed the
business model of the Company to be imperative upon having a glass supplier in
which the Company could purchase glass at wholesale prices. FAA Enterprises
invested this capital in Westcan Autoglass to create a glass distribution
operation, whereas Cal Alta now receives wholesale pricing.

It should be noted, that throughout the period in which Cal Alta has purchased
auto glass and supplies from Westcan Autoglass Supplies, the terms for Cal Alta
have been at least as favorable as the Company could have obtained from
unrelated parties.



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 as previously filed

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


ITEM 14.  Principal Accountant Fees and Services

Audit Fees.

The 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: 2006: $17,600; and 2005: $10,900.

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.


                                       30
<PAGE>

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:  2006
$0 and 2005: $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.







                                       31
<PAGE>






                                     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 Accounting Officer    3/28/2007
----------------
Frank Aiello


/s/ Denise Aiello    Sec. / Treas                                   3/28/2007
-----------------
Denise Aiello

                                                                  S-1

<PAGE>