U. S.
Securities and Exchange Commission  Washington, D. C. 20549  FORM
10-KSB  [X] ANNUAL REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the fiscal year ended December 31, 2007  [ ] TRANSITION REPORT UNDER SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the transition period from
__________________ to __________________   Commission File No. - 333-54002  HAN LOGISTICS, INC.  (Name of Small Business Issuer in its
Charter)  Nevada
88-0435998(State or Other Jurisdiction of
(I.R.S. Employer Identification
No.)incorporation or organization)  5925 Starcrest Avenue Reno, Nevada 89523 (Address of Principal Executive Offices)  Issuers Telephone Number: (775)
787-7483  Securities registered under Section 12(b) of
the Act: None Name of Each Exchange on Which Registered:
None  Securities registered under Section 12(g) of
the Act:  $0.001 par value common stock Title of Class  Check whether the Issuer is not required to file reports
pursuant to Section 13 or 15(d) of the Exchange Act. [  ]  Check whether the Issuer (1) filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during
the past 12 months (or for such shorter period that the Issuer was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days. (1) Yes [X] No     (2) Yes [X] No  Check if there is no disclosure of
delinquent filers in response to Item 405 of Regulation S-B contained in this
form, and no disclosure will be contained, to the best of Issuers knowledge, in
definitive proxy or information statements incorporated by reference in Part III
of this Form 10-KSB or any amendment to this Form 10-KSB. [  ]  Indicate by check mark whether the Issuer
is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes
  [  ] No [X]  1     State Issuers revenues for its most recent
fiscal year: December 31, 2006 - $0.  State the aggregate market value of the
voting and non-voting common stock held by non-affiliates computed by reference
to the price at which the common stock was sold, or the average bid and asked
price of such common stock, as of a specified date within the past 60 days.  April 10, 2008 - $73.70. There are
approximately 73,700 shares of common voting stock of the Issuer held by
non-affiliates. Because there has been no established public market for the
Issuers common stock during the past five years, the Issuer has arbitrarily
valued these shares at par value of $0.001 per share.  (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PAST FIVE YEARS)  None, Not applicable.  Check whether the Issuer has filed all
documents and reports required to be filed by Section 12, 13 or 15(d) of the
Exchange Act after the distribution of securities under a plan confirmed by a
court. Yes [  ] No [  ]  (APPLICABLE ONLY TO CORPORATE ISSUERS)  State the number of shares outstanding of
each of the Issuers classes of common equity, as of the latest practicable
date:  April 10, 2008:  Common  2,073,700  DOCUMENTS INCORPORATED BY REFERENCE  A description of Documents Incorporated by Reference is
contained in Part III, Item 13 of this Report.  Transitional Small Business Issuer Format Yes [
 ] No [X]  TABLE OF CONTENTS  PART
I 3 Item 1.
Description of Business 3 Item 2.
Description of Property 9 Item 3.
Legal Proceedings 9 Item 4.
Submission of Matters to a Vote of Security Holders 9 PART
II 10 Item 5.
Market for Common Equity and Related Stockholder Matters and Small Business
Issuer Purchases of Equity Securities.10 Item 6.
Managements Discussion and Analysis or Plan of Operation 11 Item 7.
Financial Statements. 12 Item 8.
Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure17 Item
8(A)T. Controls and Procedures. 17 Managements
Annual Report on Internal Control Over Financial Reporting 17 Item
8(B). Other Information. 18 PART
III 18 Item 9.
Directors, Executive Officers, Promoters and Control Persons; Compliance with
Section 16(a) of the Exchange Act18 Item 10.
Executive Compensation 20  2    Item 11.
Security Ownership of Certain Beneficial Owners and Management 21 Item 12.
Certain Relationships and Related Transactions 22 Item 13.
Exhibits 23 Item 14.
Principal Accounting Fees and Services 23 SIGNATURES 24    PART I    Item 1. Description of Business  Business Development  Han Logistics, Inc., is a development-stage
corporation that was organized under the laws of the State of Nevada on July 1,
1999. We propose to commence operations in the rapidly growing logistical
services industry by developing, marketing and delivering logistical analysis,
problem-solving and other logistics services to prospective business customers.
These potential customers include any company that utilizes systems and
processes, such as customer service, purchasing, inventory control,
transportation and warehousing, in the delivery of products and/or services to
customers located anywhere in the world. Ms. Amee Han Lombardi, our
President/Secretary/Treasurer, was a 2004 graduate of the logistics program at
the University of Nevada, Reno, who completed a successful internship at Mars,
Inc.-Kal Kan, Reno, Nevada and for four years was project coordinator, acting
warehouse manager, acting shipping manager, acting materials manager, and
project manager at Sierra Design Group, Reno, Nevada. While Ms. Han Lombardi's
strengths in the field of logistics include project management, software
evaluation and report administration and her area of specialty is customer
service-driven sales, she also has experience in warehousing, purchasing,
manufacturing, and transportation. Ms. Han Lombardi proposes to differentiate
Han Logistics' proposed services from those of our competitors by (i) providing
superior, state-of-the-art logistics services and solutions highly customized to
suit the unique requirements of each customer's business and (ii) by emphasizing
customer service as the focus of our business philosophy and marketing strategy.
Our activities to date have been, primarily, organizational and fund raising in
nature and, accordingly, we have no customers for our proposed services as of
the date hereof. Further, our business plan is in the conceptual stage.  In July 1999 and November 1999, we received
net proceeds in the amounts of $27,000 and $10,000 from the sale of 2,000,000
shares of common stock to, and a loan from, Ms. Amee Han Lombardi, the
President/Secretary/Treasurer, a director and the sole shareholder of Han
Logistics. During the calendar years ended December 31, 2007, and 2006, Ms. Han
Lombardi and Lombardi Research, an entity controlled by Ms. Han Lombardi's
husband, loaned a total of $54,687 to the Company. These loans are unsecured and
payable upon demand and are convertible into common stock at a rate of $0.10 per
share. Accrued interest on the loans was $17,100 at December 31, 2007.  Except for applicable tax laws, rules and
regulations, we are not aware of any existing or probable governmental rules or
regulations relating to our proposed business of developing, marketing and
delivering logistical analysis, problem-solving and other logistics services to
prospective business customers.  Principal Products or Services and their
Markets  The services that we propose to develop,
market and deliver include logistical analysis, problem-solving and other
logistics services. In simplified terms, "logistics" involves ensuring that the
right product (service), in the right quantity and condition, is delivered to
the right customer, at the right place, time and cost. Accordingly, while the
one basic service that any logistics service provider provides is logistical
analysis, there are infinite variations in the specific logistical analysis
services provided to a customer depending upon many factors, including, among
others, the nature and price(s) of the customer's product(s) and/or service(s),
the volume of the customer's business and the number and location of the
customer's customers. The desired results of logistical analysis are, among
others, an improvement in functioning, reduction in cost and other optimization
of the customer's logistics systems, procedures and functions. Since the cost of
logistics accounts for such a large portion of any company's total operating
budget, a small percentage savings can have great impact on Han Logistics'
profitability. Accordingly, many companies continuously monitor, evaluate and
implement cost-saving logistical measures such as outsourcing to third party
providers, or bringing in-house, various functions, including customer service,
purchasing, inventory control,  3    transportation
and warehousing. In Han Logistics' case, we have no customers as of the date
hereof. Because of our small size and limited resources, our executive officers,
who are the only Company employee as of the date hereof, will initially focus
their efforts on obtaining a small number of customers located in Reno, Nevada,
northern Nevada and/or eastern California. We will seek to provide these initial
prospective customers with superior, state-of-the-art, highly customized
services so as to obtain superior results and establish ongoing customer
relationships. We will seek to obtain referrals through word-of-mouth from these
initial relationships and utilize our initial performance record in our
marketing strategy to commence building a larger customer base. Among the
services that we propose to offer customers is (i) overall analysis of the
customer's various logistical systems and functions, such as customer service,
purchasing, inventory control, transportation and warehousing; (ii)
recommendations for and/or implementation of improvements, modifications, cost
reductions and/or other efficiencies in the performance of various of these
systems and functions; (iii) recommendations for and/or implementation of
outsourcing of functions to third parties where appropriate; (iv) consulting;
and (v) specific problem-solving. We will not, like some logistics firms,
specialize in any one area of the logistics industry. Rather, our executive
officers and directors will seek to use their expertise and experience to make
available to, and customize to the business and operations of, each customer all
of the services aforementioned, including, but not limited to, overall analysis,
recommendations, implementation and specific problem-solving.  We will charge each customer a fee for our
services based upon, among other factors, the time necessitated in the
performance of, and the difficulty of, the services. Investors in our common
stock will have no opportunity to evaluate, or have a voice in the determination
of, the selection of customers or fees charged for our proposed services. We
intend, depending upon the success of our initial operations, to employ limited
additional personnel with experience in the logistics business. While we will
have working capital available to employ a limited number of additional
employees, in addition to our executive officers, a marketing specialist and a
part-time bookkeeper, in the event that we are able to obtain the maximum
proceeds under our current stock offering, these funds may ultimately be
allocated differently. Our continuation in business after the expiration of one
year from the date of this offering and the employment of significant additional
staff, will be dependent upon our achievement of significant profits from
operations and/or obtaining significant capital in excess of that anticipated to
be realized from this offering. Eventually, assuming our initial success,
management plans to expand the scope of Han Logistics' services.  In order to ensure the performance of high
quality, state-of-the-art, customized services, we will endeavor to follow
specific procedures ourselves, double-checking crucial steps and benchmarking
our services with those of competitors. Certain of the procedures that we intend
to follow include: (i) prompt response to customers during, and availability to
customers for emergencies after, business hours; (ii) provision of free, written
estimates within approximately 72 hours; (iii) commencement of work within seven
days following the receipt of a signed contract; (iv) completion of services
undertaken without interruption; (v) use of the highest quality products and
materials available; (vi) follow-up subsequent to the completion of each job to
ensure customer satisfaction; and (vii) guarantee of satisfaction of the
services performed. Additionally, we intend to evaluate and assess the nature,
quality and timeliness of our services from time-to-time through surveys and
other means in order to be responsive to changes in market conditions and
customer demands and to be competitive with the services offered by
competitors.  As of the date of this Report, we have
entered into letters of intent with two unrelated entities to provide shipping
services.  In the case of one entity, these services will entail shipping
from the U.S to Asia, and for the other, they will entail shipping from Europe
to the United States.  We expect to begin providing these services within
the next 60 days.  Strategy  Management believes that the logistics
services industry, which we have determined to enter, has expanded rapidly in
the past several years and that growth is expected to continue at a strong pace
for the foreseeable future. This phenomenon presents an opportunity for a
start-up company like us to enter the market. We believe that we can address,
with highly customized, state-of-the-art services and solutions, including
overall analysis and specific problem-solving, the needs of customers who seek
guidance and assistance in optimizing their logistical functions. Additionally,
we believe that we will be able to capitalize on the trend of companies to
outsource less significant but vital functions and projects that they would not
otherwise be able to implement. Rather than operate within the parameters of
existing logistics methodologies, we propose to apply our talents creatively in
the use of every possible resource to bring a fresh perspective to the analysis
of customers' logistical systems and procedures and  4    customize
recommendations for improvements and solutions to problems. In this manner, we
hope to achieve superior results and develop long lasting relationships with our
customers. We intend to price our proposed services competitively, using the
knowledge that our target market of smaller companies considers price or value
as the most important criterion in its selection of a logistics services
provider. Our future goal is not necessarily to be a logistics company large in
size, but to be known for the performance of superior, highly customized
services.  The one feature that we propose to
distinguish our company from our competitors is customer service. We intend that
Han Logistics be organized so as to be customer service-driven. In the future,
we propose, assuming our initial success, to add personnel in the area of
customer service and, if necessary, to cut expenses in other areas first. We
believe that the fact that we are a very small, owner-operated company may allow
us the flexibility to be more service oriented than our larger, more structured
competitors. Our small size is expected to permit us to more quickly and
effectively control and monitor the direction and effect of our decisions and
actions. We intend to stress customer service as our strength in our marketing
campaign and literature and build and maintain our reputation based upon our
goal of providing the best and most highly customized services in the
marketplace. Further, we intend to employ a great deal of flexibility, give
employees a wide latitude and devote the necessary extra time and effort in the
performance of logistical analysis, problem-solving and other logistics services
so as to accommodate our customers' needs. Because we are a new company, we can
hire employees with this service-oriented philosophy in mind and make certain
that the employees integrate it in the performance of their
responsibilities.  Marketing  The Market. As reported by the Council of
Logistics Management, over $800 billion is spent annually in the United States
on logistics. Also, according to the Council of Logistics Management, the amount
spent on logistics worldwide is in excess of $1.4 trillion and will continue to
increase as a result of the continued expansion of the "global marketplace."
Further, the Council of Logistics Management reports that, because of the
increasingly global marketplace, logistics-related expenditures worldwide have
increased approximately 20% over the past decade and are expected to increase at
this rate for the foreseeable future. Sales of logistics services have been
relatively steady for the past five years and are not subject to significant
cyclical or seasonal variation. In fact, effective logistics management becomes
increasingly more important as the economy declines.  The most significant development in the
marketplace, which is responsible for very strong growth in the logistics
industry, is the ongoing trend by corporations to downsize and outsource
logistics services such as customer service, purchasing, inventory control,
transportation and warehousing. Much of the recent growth is the result of
outsourcing of one or more of the foregoing services by companies that have not
previously done so. Accordingly, these companies have no existing relationship
with a logistics service provider and start-up companies, such as Han Logistics,
have the potential to obtain the business. As a result, it is possible for new
companies, including Han Logistics, entering the logistics services business to
generate significant revenue from new customers without taking customers away
from existing competitors. Because of this phenomenon, we believe that growth in
the logistics industry will continue unabated for the foreseeable future.
Another important trend is the increasing overseas market for logistics services
resulting, principally, from the globalization of the operations of United
States companies. According to the Council of Logistics Management, United
States logistics service providers providing logistics services to overseas
companies are experiencing rapid growth rates, which are expected to continue in
the future.  While there are obvious differences among
logistics service providers with regard to features, pricing and other factors,
the logistics services market, for the most part, remains free from
segmentation. That is, competitors are, generally speaking, all competing for
the same customer and each logistics service provider seeks to provide, without
significant differentiation or variation, the same general types of functions
and services. Despite the fact that companies offering logistics services market
themselves based upon real and purported competitive differences, virtually all
firms compete in the same marketplace for the same customers.  Our target market is, theoretically, any
corporation or other entity involved in the universal thread or "pipeline" of
planning and coordinating the manufacture, sale and/or delivery to customers
anywhere in the world of products and/or services. However, because of our small
size and developmental stage, the companies initially targeted by us as
candidates for our logistics services will satisfy the following criteria: (i)
gross revenues from $-0- (start-up companies) to $200 million; (ii) two to 150
employees; and (iii) operations in manufacturing, warehousing, distribution
and/or retail and/or wholesale sales, including electronic commerce. These
companies are expected to be  5    relatively new
or growing firms and both privately- and publicly-held. Further, our initial
target market will be limited, generally, to companies located in the Reno,
Nevada, metropolitan area, northern Nevada and/or eastern California. Ms. Amee
Han Lombardi, our executive officer and director, has lived and worked in the
Reno, Nevada, area for the past approximately 12 years, and, accordingly, are
familiar with the facilities and amenities in the surrounding area. Long-term,
management plans to expand Han Logistics' target market to include nationally
and internationally-based companies.  Marketing Strategy. Our prospective
customers are expected to respond most favorably to a marketing campaign
involving the steps described below. Initially, we would provide a prospective
customer with printed literature, such as a sales brochure, for review. Next, we
would contact the targeted company by telephone and, thereafter, make a personal
presentation describing our proposed services in detail. Finally, we would
follow up our personal presentation with contact, by telephone, by mail, in
person or otherwise, over a period of several weeks during which the prospective
customer considers and/or discusses with others the decision whether to retain
our services. If our target company was a large corporation or business, which
is not expected initially, we could expect to deal with the Vice President for
logistics or the Controller as the primary decision-maker, whose support would
be crucial to our employment. However, we could not ignore department managers
or others who might have influence over, or the ability to veto, the hiring
decision. Upon completion of the performance of services for any customer, we
would follow up with surveys and otherwise take advantage of opportunities for
feedback to ensure customer satisfaction.  We anticipate that our very limited
finances and other resources may be a determinative factor in the decision of
any prospective employee as to whether to become employed by Han Logistics. We
intend to rely upon the judgment and conclusions of Ms. Amee Han Lombardi, our
President/Secretary/Treasurer, based solely upon her knowledge and prior limited
business experience, relative to Han Logistics' needs for marketing expertise,
until the time, if ever, that we are successful in attracting and employing the
per project marketing specialist initially proposed and/or other capable
marketing and customer support personnel.  The fact that a corporation or other entity
was affiliated with us or an equity interest in Han Logistics was owned by one
or more of our executive officers, directors and/or controlling shareholders,
would not disqualify the company from consideration as a potential customer. In
order to minimize conflicts of interest, we have adopted in our minutes a policy
that any contracts or other transactions with entities of which our officers,
directors and/or controlling shareholders are also directors or officers, or in
which they have a financial interest, will be approved by a majority of the
disinterested members of the Board of Directors or will be fair and reasonable,
but that none of these transactions by Han Logistics shall be affected or
invalidated solely because of the relationship or interest of directors or
officers. Nevertheless, in an instance where a disinterested majority of the
members of the Board of Directors is unavailable to approve a transaction with
an affiliated or related party, Han Logistics, pursuant to action of the Board
of Directors, requires that the transaction be deemed to be fair and reasonable
in order to be a valid, enforceable obligation.  Advertising. We plan to use direct mail to
reach potential customers. We propose to target our mailings, including an
information/sales brochure, a letter of introduction and a description of our
proposed services customized for the targeted customer's business, to
manufacturing, warehousing, sales and customer service and distributions firms
whose identities we expect to obtain from telephone directories, the chamber of
commerce and others.  Distribution Methods of the Products or
Services  None; not applicable.  Status of any Publicly Announced New
Product or Service  None; not applicable.  Competitive Business Conditions and the
Small Business Issuers Competitive Position in the Industry and Methods of
Competition  We are expected to be an insignificant
participant in the logistics services business for the foreseeable future. Our
competition consists of a myriad of companies currently engaged in the business
of providing logistics services  6    nationally and
internationally. All of these companies seek to satisfy the need for
efficiencies and cost reductions in the product and/or service manufacturing,
marketing and delivery processes and solutions to logistics complexities and
difficulties created, in part, by the increasing globalization of commerce,
including electronic commerce. The primary factor considered by larger customers
in selecting a logistics service provider is believed to be performance, as
emphasized in the advertising, press releases and marketing efforts of most
logistics service providers, especially the larger companies. We believe that
smaller companies consider price or value to be the most important competitive
factor, with performance also being an important consideration. Our target
market will be the smaller companies. Accordingly, we expect to compete on the
basis of price (or the value to the customer of the services performed) and, to
a lesser extent, on the basis of our reputation among customers as a quality
provider of logistical analysis, problem-solving and support services and our
locality of operation.  Competition in the logistics business is
also limited by locality. That is, despite globalization of commerce, customers
remain reluctant to utilize the services of a logistics service provider based
in a distant location and tend to prefer a provider whose business is
specifically focused in the customer's region of operation. We attribute this
phenomenon to the dynamic nature of the customer's business, thus requiring
expeditious solutions to rapidly changing needs. This phenomenon also encourages
us to believe that Han Logistics may be able fill a niche in northern Nevada and
eastern California where it is believed that no one competitor dominates. We
base this claim upon the relative size of the logistics service providers
operating in this area because most of these companies are privately-held and
accurate information on their sales is unavailable. In our Reno, Nevada,
locality, our primary competitors are expected to be the logistics departments
of our prospective customers themselves. We believe, however, that we will be
able to compete by capitalizing on the trend of companies to out-source less
significant but vital functions and projects that they would not otherwise be
able to implement. Our indirect competitors are expected to be much larger,
full- service logistics firms located outside northern Nevada, including,
primarily, warehousing and distribution companies uninterested and unavailable
for the smaller and short-term projects we may pursue. However, these much
larger, full-service logistics firms are prospective sources for customers to
the extent that they out-source their overflow work.  A less important, but also critical, factor
than location in the selection of a logistics service provider is the provider's
specialty of function, if any. When this factor is an important component in the
customer's selection of a logistics service provider, the degree of competition
varies widely depending of the area of specialization. Overall, competition is
most intense for the business of the larger manufacturing and distribution firms
and less intense for smaller accounts that typically require a high degree of
customization in the logistics services required. Accordingly, in order to
obtain customers, it is important for us to, (i) most importantly, price our
services competitively, taking into consideration our small size, limited
resources and developmental stage of operation; (ii) secondarily, develop a
record demonstrating satisfactory and, if possible, superior, performance at the
earliest possible time; and (iii) focus on customers whose operations are based
in our own locality, i.e., Reno, Nevada, northern Nevada and/or eastern
California. In this latter regard, we intend to cultivate relationships in the
Reno, Nevada, business community through the University of Nevada, Reno,
logistics program and otherwise, so as to develop the local goodwill important
to customers in their selection of a logistics service provider.  Many of the companies and other
organizations with which we will be in competition are established and have far
greater financial resources, substantially greater experience and larger staffs
than we do. Additionally, many of these organizations have proven operating
histories, which we lack. We expect to face strong competition from both the
well-established companies and small independent companies like ourselves. To
the extent that we become dependent on one or a few clients, the termination of
these relationships could adversely affect our ability to continue as a viable
enterprise. In addition, our proposed business may be subject to decline because
of generally increasing costs and expenses of doing business, thus further
increasing anticipated competition. It is anticipated that there may be
significant technological advances in the future and we may not have adequate
creative management and resources to enable us to take advantage of these
advances. The effects of any of these technological advances on us, therefore,
cannot be presently determined. We believe, to the extent that we have funds
available, that we will be capable of competing effectively with our
competitors. However, because of our minimal capital, even after the successful
completion of our current stock offering, we expect to be at a competitive
disadvantage in our endeavor to provide cost-effective logistical analysis
services, achieve rapid problem-solving capability and provide in-depth
solutions to logistics difficulties and complexities. Further, we cannot assume
that we will be successful in achieving profitable operations through our
proposed business of providing logistics services and solutions.   7    Sources and
Availability of Raw Materials and Names of Principal Suppliers  None; not applicable.  Dependence on One or a Few Major
Customers  None; not applicable.  Patents, Trademarks, Licenses,
Franchises, Concessions, Royalty Agreements or Labor Contracts, including
Duration  None; not applicable.  Need for any Governmental Approval of
Principal Products or Services  None; not applicable.  Effect of Existing or Probable Governmental
Regulations on the Business  We are subject to the Sarbanes-Oxley Act of
2002. This Act creates a strong and independent accounting oversight board to
oversee the conduct of auditors of public companies and strengthens auditor
independence. It also requires steps to enhance the direct responsibility of
senior members of management for financial reporting and for the quality of
financial disclosures made by public companies; establishes clear statutory
rules to limit, and to expose to public view, possible conflicts of interest
affecting securities analysts; creates guidelines for audit committee members
appointment, compensation and oversight of the work of public companies
auditors; prohibits certain insider trading during pension bund blackout
periods; and establishes a federal crime of securities fraud, among other
provisions.  Section 14(a) of the Exchange Act requires
all companies with securities registered pursuant to Section 12(g) of the
Exchange Act to comply with the rules and regulations of the Securities and
Exchange Commission regarding proxy solicitations, as outlined in Regulation
14A. Matters submitted to stockholders of our Company at a special or annual
meeting thereof or pursuant to a written consent will require our Company to
provide our stockholders with the information outlined in Schedules 14A or 14C
of Regulation 14; preliminary copies of this information must be submitted to
the Securities and Exchange Commission at least 10 days prior to the date that
definitive copies of this information are forwarded to our stockholders.  We are also required to file annual reports
on Form 10-KSB and quarterly reports on Form 10-QSB with the Securities Exchange
Commission on a regular basis, and will be required to timely disclose certain
material events (e.g., changes in corporate control; acquisitions or
dispositions of a significant amount of assets other than in the ordinary course
of business; and bankruptcy) in a Current Report on Form 8-K12G3.  If we are acquired by a non-reporting
issuer under the Exchange Act, we will be subject to the back-door
registration requirements of the Securities and Exchange Commission that will
require us to file a Current Report on Form 8-K12G3 that will include all
information about such non-reporting issuer as would have been required to be
filed by that entity had it filed a Form 10 or Form 10SB Registration Statement
with the Securities and Exchange Commission. The Securities and Exchange
Commission proposed on April 13, 2004, that any acquisition that will result in
our Company no longer being a blank check or blind pool company will require
us to include all information about the acquired company as would have been
required to be filed by that entity had it filed a Form 10 or Form 10SB
Registration Statement with the Securities and Exchange Commission.  Research and Development Costs During the Last Two
Fiscal Years  None; not applicable.   8    Cost and Effects of
Compliance with Environmental Laws  None; not applicable. However,
environmental laws, rules and regulations may have an adverse effect on any
business venture viewed by our Company as an attractive acquisition,
reorganization or merger candidate, and these factors may further limit the
number of potential candidates available to our Company for acquisition,
reorganization or merger.  Number of Total Employees and Number of Full Time
Employees  Han Logistics has had no full-time
employees since its organization. Amee Han Lombardi, our executive officer and
director, and Kathleen M. Kennedy, a former executive officer and director, have
served as the only part-time employees of Han Logistics since our inception.
Except for directors fees in the amount of $250 paid quarterly to each officer
and director through September 30, 2001, no cash compensation has been awarded
to, earned by or paid to either individual for all services rendered in all
capacities to Han Logistics since our organization on July 1, 1999. However, on
July 1, 1999, we issued Ms. Han Lombardi, our President, Secretary and
Treasurer, 2,000,000 shares of common stock in consideration for the sum of
$27,000 in cash ($.0135 per share). The sum of $1,000, out of the minimum
proceeds anticipated, without assurance, to be received from our ongoing
securities offering, has been allocated to pay directors' fees of $250 per
quarter to Ms. Han Lombardi and Mr. Vardakis. We anticipate that, at such time,
if ever, as our financial position permits, assuming that we are successful in
raising additional funds through equity and/or debt financing and/or generating
a sufficient level of revenue from operations, Ms. Han Lombardi and any other
executive officers and/or directors of Han Logistics will receive reasonable
salaries and other appropriate compensation, such as bonuses, coverage under
medical and/or life insurance benefits plans and participation in stock option
and/or other profit sharing or pension plans, for services as our executive
officers and may receive additional fees for their attendance at meetings of the
Board of Directors. Further, we may pay consulting fees to persons who perform
services for us, although we have no present plans to do so.  Reports to Security Holders  You may read and copy any materials that we
file with the Securities and Exchange Commission at the Securities and Exchange
Commissionss Public Reference Room at 100 F Street, N.E., Washington, D.C.
20549.  You may also find all of the reports that we have filed
electronically with the Securities and Exchange Commission at their Internet
site www.sec.gov.    Item 2. Description of Property  Han Logistics maintains its offices
pursuant to a verbal arrangement rent-free at the residence of Ms. Amee Han
Lombardi, President/Secretary/Treasurer and a director of Han Logistics, located
at 5925 Starcrest Avenue , Reno, Nevada, 89523. Han Logistics' present office
arrangement, which is expected to be adequate to meet our needs for the
foreseeable future, has been valued by management at a nominal value and,
accordingly, does not impact the accompanying Financial Statements of Han
Logistics. Han Logistics' telephone and facsimile number is (775) 787-7483.    Item 3. Legal Proceedings  The Company is not a party to any pending
legal proceeding. To the knowledge of management, no federal, state or local
governmental agency is presently contemplating any proceeding against the
Company. No director, executive officer or affiliate of the Company or owner of
record or beneficially of more than five percent of the Companys common stock
is a party adverse to the Company or has a material interest adverse to the
Company in any proceeding.    Item 4. Submission of Matters to a Vote of Security
Holders  No matters have been submitted to a vote of our security
holders during the fourth quarter of the calendar year ended December 31,
2007.     9    PART II    Item 5. Market for Common Equity and Related
Stockholder Matters and Small Business Issuer Purchases of Equity Securities.  Market Information  There is no established trading market
for our shares of common stock. We are listed on the OTC Bulletin Board of the
Financial Industry Regulatory Authority (FINRA) under the symbol HANO;
however, management does not expect any established trading market to develop
unless and until we have material operations. In any event, no assurance can be
given that any market for our common stock will develop or be maintained. If a
public market ever develops in the future, the sale of unregistered and
restricted shares of common stock pursuant to Rule 144 of the Securities and
Exchange Commission by members of management or others may have a substantial
adverse impact on any such market.  All of these persons have satisfied the
six-month holding period requirement of Rule 144.  Set forth below are the high and low
closing bid prices for our common stock for each quarter of 2007.  These
bid prices were obtained from Pink Sheets, LLC, formerly known as the National
Quotation Bureau, LLC, All prices listed herein reflect inter-dealer prices,
without retail mark-up, mark-down or commissions and may not represent actual
transactions.  Period
High
LowJanuary 1, 2007 through March
31, 2007
None
NoneApril 1, 2007 through June
30, 2007
None
NoneJuly 1, 2007 through
September 30, 2007
$0.25
$0.20October 1, 2007 through
December 31, 2007
$0.25
$0.25  Holders  The number of record holders of the
Companys common stock as of the date of this Report is approximately 56, not
including an indeterminate number who may hold shares in street name.  Dividends  Holders of shares of common stock are
entitled to share pro rata in dividends and distributions with respect to the
common stock when, as and if declared by the Board of Directors out of funds
legally available therefor. We have not paid any dividends on our common stock
and intend to retain earnings, if any, to finance the development and expansion
of our business. Future dividend policy is subject to the discretion of the
Board of Directors and will depend upon a number of factors, including future
earnings, capital requirements and the financial condition of Han Logistics.  Securities Authorized for Issuance under Equity
Compensation Plans  Plan Category
Number of Securities to be issued upon exercise of
outstanding options, warrants and rights
Weighted-average exercise price of outstanding
options, warrants and rights
Number of securities remaining available for future
issuance under equity compensation plans excluding securities reflected in
column (a)  10     (a)
(b)
(c)Equity compensation plans approved by security
holders
None
None
NoneEquity compensation plans not approved by security
holders
None
None
NoneTotal
None
None
None   Recent Sales of Unregistered Securities  During the last three years we have not issued any
unregistered securities.  Purchases of Equity Securities by Us and
Affiliated Purchasers  SMALL BUSINESS ISSUER PURCHASES OF EQUITY
SECURITIES  Period
(a) Total Number of Shares (or Units)
Purchased
(b) Average Price Paid per Share (or Unit)
(c) Total Number of Shares (or Units) Purchased as
Part of Publicly Announced Plans or Programs
(d) Maximum Number (or Approximate Dollar Value) of
Shares (or Units) that may yet be Purchased Under the Plans or
ProgramsMonth #1
10/1/07 to 10/31/07
None
None
None
NoneMonth #2
11/1/07 to 11/30/07
None
None
None
NoneMonth #3
12/1/07 to 12/31/07
None
None
None
NoneTotal
None
None
None
None    Item 6. Managements Discussion and Analysis or
Plan of Operation  Plan of Operation  We propose to develop, market and deliver
logistical analysis, problem-solving and other logistics services to business
customers. Han Logistics is in the development stage and, to date, management
has devoted substantially all of its time and effort to organizational and
financing matters. Through the date hereof, we have not yet generated material
service revenue and we have realized a net loss from operations. We did not
generate any revenue during the calendar years ended December 31, 2007 and 2006.
 Operating expenses for the year ended December 31, 2007 and 2006, and the
period from inception through December 31, 2007, totaled $58,423, $81,547 and
$222,680, respectively.  Our net loss during the calendar year ended
December 31, 2007 and 2006, was $80,774 and $85,306. For the period from
inception through December 31, 2007, we had total revenues of $10,681 and a net
loss of $(269,884).  There can be no assurance that we will
achieve commercial acceptance for any of our proposed logistics services in the
future; that future service revenue will materialize or be significant; that any
sales will be profitable; or that we will have sufficient funds available for
further development of our proposed services. The likelihood of our success will
also depend upon our ability to raise additional capital from equity and/or debt
financing to overcome the problems and risks described herein; to absorb the
expenses and delays frequently encountered in the operation of a new business;
and to succeed in the competitive environment in which we will operate. Although
management  11    intends to
explore all available alternatives for equity and/or debt financing, including,
but not limited to, private and public securities offerings, there can be no
assurance that we will be able to generate additional capital. Our continuation
as a going concern is dependent on our ability to generate sufficient cash flow
to meet our obligations on a timely basis and, ultimately, to achieve
profitability.  Managements Discussion and Analysis of Financial
Condition and Results of Operations  As of December 31, 2007, we had total cash
assets of $2,559, which was derived from the proceeds of our stock offering. We
had total current liabilities of $152,324 and working capital deficit of
$149,765 and stockholders' deficit of $(148,982) as of December 31, 2007.
Deficits accumulated during the development stage totaled $(269,884). Our
financial statements are presented on the basis that Han Logistics is a going
concern, which contemplates the realization of assets and the satisfaction of
liabilities in the normal course of business over a reasonable length of time.
However, our independent registered public accounting  firm accountants
have noted that the Company has accumulated losses from operations and has the
need to raise additional financing in order to satisfy its vendors and other
creditors and execute its business plan. These factors raise substantial doubt
about our ability to continue as a going concern. Our future success will be
dependent upon our ability to provide effective and competitive logistical
analysis, problem-solving and other logistics services that meet customers'
changing requirements. Should Han Logistics' efforts to raise additional capital
through equity and/or debt financing fail, Amee Han Lombardi, our
President/Secretary/Treasurer, is expected to provide the necessary working
capital so as to permit Han Logistics to continue as a going concern. While Ms.
Han Lombardi has the capacity to fund Han Logistics at current levels, she has
no obligation to do so.  Off-Balance Sheet Arrangements  We have no off balance sheet arrangements.  Forward-looking Statements  Statements made in this Form 10-KSB Annual Report which
are not purely historical are forward-looking statements with respect to our
goals, plan objectives, intentions, expectations, financial condition, results
of operations, future performance and business, including, without limitation,
(i) our ability to raise capital, and (ii) statements preceded by, followed by
or that include the words "may", "would", "could", "should", "expects",
"projects", "anticipates", "believes", "estimates", "plans", "intends",
"targets" or similar expressions.  Forward-looking statements involve inherent risks and
uncertainties, and important factors (many of which are beyond our Company's
control) that could cause actual results to differ materially from those set
forth in the forward-looking statements, including the following, general
economic or industry conditions, nationally and/or in the communities in which
we conduct business, changes in the interest rate environment, legislation or
regulatory requirements, conditions of the securities markets, our ability to
raise capital, changes in accounting principles, policies or guidelines,
financial or political instability, acts of war or terrorism, other economic,
competitive, governmental, regulatory and technical factors affecting our
operations, products, services and prices.  Accordingly, results actually achieved may differ
materially from expected results in these statements. Forward-looking statements
speak only as of the date they are made. We do not undertake, and specifically
disclaims, any obligation to update any forward-looking statements to reflect
events or circumstances occurring after the date of such statements     Item 7. Financial Statements.  12                  Han
Logistics, Inc. [A
Development Stage Company]   Financial
Statements and Report of Independent Registered Public Accounting Firm as of
December 31, 2007 and for the years ended December 31, 2007 and 2006 and
for the Period from Inception(July 1, 1999) through December
31, 2007         F-1      Han
Logistics, Inc. [A
Development Stage Company]  TABLE OF
CONTENTS   Page  Report of Independent
Registered Public Accounting Firm
                                 F-3  Balance
Sheet-December 31, 2007 F-4  Statements of
Operations for the years ended December 31, 2007 and 2006, and for the
period from Inception [July 1, 1999] through December 31, 2007
                                                                                               F-5  Statements of
Stockholders' Deficit for the period from Inception [July 1, 1999]
through December 31, 2007
                                                          F-6  Statements of Cash
Flows for the years ended December 31, 2007 and 2006, and for the period
from Inception [July 1, 1999] through December 31, 2007
    F-7  Notes to Financial
Statements
                                                                    F-8
- F-19  F-2    REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  To the Board of
Directors and Shareholders Han Logistics, Inc.
[a development stage company] Reno, NV  We have
audited the accompanying balance sheet of Han Logistics, Inc. [a development
stage company] as of December 31, 2007, and the related statements of
operations, stockholders' deficit, and cash flows for the years ended December
31, 2007 and 2006, and for the period from inception [July 1, 1999] through
December 31, 2007. These financial statements are the responsibility of the
Companys management.  Our responsibility is to express an opinion on these
financial statements based on our audit.  We
conducted our audit in accordance with standards of the Public Company
Accounting Oversight Board.  Those standards require that we plan and
perform the audits to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  The Company has determined
that it is not required to have, nor were we engaged to perform, an audit of its
internal control over financial reporting.  Our audit included
consideration of internal control over financial reporting as a basis for
designing audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the Companys
internal control over financial reporting.  Accordingly, we express no such
opinion.  An audit 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 financial statements referred to above present fairly, in all
material respects, the financial position of Han Logistics, Inc. [a development
stage company] as of December 31, 2007, and the results of its operations and
cash flows for the years ended December 31, 2007 and 2006, and for the period
from inception [July 1, 1999] through December 31, 2007, in conformity with
accounting principles generally accepted in the United States of America.  The
accompanying financial statements have been prepared assuming that Han
Logistics, Inc. will continue as a going concern.  As discussed in Note 3
to the financial statements, the Company has accumulated losses from operations
and has the need to raise additional financing in order to satisfy its vendors
and other creditors and execute its business plan which raises substantial doubt
about its ability to continue as a going concern.  Managements plans in
regard to these matters are also described in Note 3.  The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.   Mantyla
McReynolds Salt Lake City, Utah April 15, 2008  F-3      HAN LOGISTICS, INC.[A DEVELOPMENT STAGE COMPANY]BALANCE SHEETDecember 31, 2007ASSETSDecember 31,2007CURRENT
ASSETS:Cash
$
                  2,559Total
Current Assets
2,559PROPERTY,
PLANT AND EQUIPMENT, net
783TOTAL
ASSETS
$
                  3,342LIABILITIES AND STOCKHOLDERS' DEFICITCURRENT
LIABILITIES:Accounts
payable
$
                70,543Accounts
payable-Related party
8,000Notes
payable - Related parties
57,187Accrued
interest - Related Party
16,594Total
Current Liabilities
152,324STOCKHOLDERS'
DEFICIT:Capital
stock, $.001 par value; 50,000,000 shares authorized;2,073,700
shares issued and outstanding
2,074Additional
paid-in capital
118,828Deficit
accumulated during the development stage
(269,884)Total
Stockholders' Deficit
(148,982)TOTAL
LIABILITIES AND STOCKHOLDERS' DEFICIT
$
                  3,342   F-4     HAN LOGISTICS, INC.[A DEVELOPMENT STAGE COMPANY]STATEMENTS OF OPERATIONSFOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006 AND FOR THE
PERIODFROM INCEPTION (JULY 1, 1999) TO DECEMBER 31,
2007InceptionYear Ended

Year Ended

(July 1, 1999) toDecember 31,

December 31,

December 31,2007

2006

2007Revenues
$
                   -

$
                      -

$
             9,481Revenues
- Related Party
-

-

1,200Gross
margin
-

-

10,681EXPENSES:Depreciation
587

391

978General
and administrative expenses
57,836

81,156

221,702TOTAL
OPERATING EXPENSES
58,423

81,547

222,680Net
(loss) before other items
(58,423)

(81,547)

(211,999)OTHER
INCOMEInterest
income
-

-

35Interest
expense - Related Party
(22,351)

(3,759)

(57,920)Other
Income (expense)
(22,351)

(3,759)

(57,885)Net
Income/(Loss)
$
        (80,774)

$
          (85,306)

$
       (269,884)BASIC
& DILUTED EARNINGS (LOSS) PER SHARE
$
            (0.04)

$
               (0.04)

$
              (0.13)WEIGHTED
AVERAGE SHARES OUTSTANDING
2,073,700

2,067,742

2,017,178   F-5     HAN LOGISTICS, INC.[A DEVELOPMENT STAGE COMPANY]STATEMENTS OF STOCKHOLDERS' EQUITY/(DEFICIT)FOR THE PERIOD FROM INCEPTION (JULY 1, 1999) TO DECEMBER
31, 2007Additional



NetCapital Stock

Paid-in

Accumulated

Stockholders'Shares

Amount

Capital

(Deficit)

DeficitBalance,
July 1, 1999
0
$
0
$
0
$
0
$
0Issued
stock for cash at inception
2,000,000

2,000

25,000



27,000Net
loss for the Period Ended December 31, 1999






(2,426)

(2,426)Balance,
December 31, 1999
2,000,000

2,000

25,000

(2,426)

24,574Net
loss for the Year Ended December 31, 2000






(29,845)

(29,845)Balance,
December 31, 2000
2,000,000

2,000

25,000

(32,271)

(5,271)Net
loss for the Year Ended December 31, 2001






(6,107)

(6,107)Balance,
December 31, 2001
2,000,000

2,000

25,000

(38,378)

(11,378)Net
loss for the Year Ended December 31, 2002






(2,528)

(2,528)Balance,
December 31, 2002
2,000,000

2,000

25,000

(40,906)

(13,906)Net
loss for the Year Ended December 31, 2003






(3,001)

(3,001)Balance,
December 31, 2003
2,000,000

2,000

25,000

(43,907)

(16,907)Net
loss for the Year Ended December 31, 2004






(6,438)

(6,438)BALANCE,
December 31, 2004
2,000,000

2,000

25,000

(50,345)

(23,345)Common
stock issued for cash
53,500

54

53,446

-

53,500Stock
Issuance Costs
-

-

(20,398)

-

(20,398)Cost
of beneficial conversion feature




23,500



23,500Net
loss for the year ended December 31, 2005
-

-

-

(53,459)

(53,459)BALANCE,
December 31, 2005
2,053,500

2,054

81,548

(103,804)

(20,202)Common
stock issued for cash
20,200

20

20,180

-

20,200Net
loss for the year ended December 31, 2006
-

-

-

(85,306)

(85,306)BALANCE,
December 31, 2006
2,073,700

2,074

101,728

(189,110)

(85,308)Cost
of beneficial conversion feature




17,100



17,100Net
loss for the Year Ended December 31, 2007






(80,774)

(80,774)BALANCE,
December 31, 2007
2,073,700

2,074

118,828

(269,884)

(148,982) The
accompanying notes are an integral part of these financial statements.   F-6     HAN LOGISTICS, INC.[A DEVELOPMENT STAGE COMPANY]STATEMENTS OF CASH FLOWSFOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006 AND FOR THE
PERIODFROM INCEPTION (JULY 1, 1999) TO DECEMBER 31,
2007InceptionYear Ended

Year Ended

(July 1, 1999) toDecember 31,

December 31,

December 31,2007

2006

2007CASH
FLOWS FROM OPERATING ACTIVITIES:Net
(Loss) from operations
$
        (80,774)

(85,306)

$
        (269,884)Adjustments
to reconcile net loss to net cash usedin
operating activities:Depreciation
587

391

978Amortization
of interest on beneficial conversion
17,100

-

40,600Changes
in assets and liabilities:(Increase)
in accounts receivable
-

-

-Increase
in accounts payable
34,966

22,215

78,543Increase
(decrease) in accrued expenses
5,251

3,759

16,594Net
cash used in operating activities
(22,870)

(58,941)

(133,169)CASH
FLOWS FROM INVESTING ACTIVITIES:Purchase
of property, plant and equipment
-

(1,761)

(1,761)Net
cash used in investing activities
-

(1,761)

(1,761)CASH
FLOWS FROM FINANCING ACTIVITIES:Increase
(decrease) in notes payable
19,600

-

57,187Increase
in stock issuance costs
-

-

(20,398)Proceeds
from issuance of common stock
-

20,200

100,700Net
cash provided by financing activities
19,600

20,200

137,489Net
Increase (decrease) in cash
(3,270)

(40,502)

2,559CASH
AT BEGINNING PERIOD
5,829

46,331

-CASH
AT END OF PERIOD
$
           2,559

$
           5,829

$
              2,559SUPPLEMENTAL
CASH FLOW INFORMATION:Cash
paid for income taxes
$
                    -

$
                    -

$
                       -Cash
paid for interest
$
                    -

$
                    -

$
                       -  F-7    HAN LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006   NOTE
1  Organization, History and Business Activity  Han
Logistics, Inc. (Company) was founded July 1, 1999 and was organized to engage
in the business of namely the development, marketing and delivering of
logistical analysis, problem solving and other logistics services and general
business services.  The Company was incorporated under the laws of the
State of Nevada.  The
Company is considered to be in the development stage as defined in Financial
Accounting Standards Board Statement No. 7.  It has yet to commence
full-scale operations and it continues to develop its planned principal
operations.  NOTE
2 - Significant Accounting Policies  This
summary of significant accounting policies of Han Logistics, Inc. (the
Company) is presented to assist in understanding the Companys financial
statements.  The financial statements and notes are representations of the
Companys management, which is responsible for their integrity and objectivity.
 These accounting policies conform to accounting principles generally
accepted in the United States of America and have been consistently applied in
the preparation of the financial statements.  Concentration of Risk  The
Company places its cash and temporary cash investments with established
financial institutions.  Accounts Receivable  Trade
receivables are recognized and carried at the original invoice amount less
allowance for any un-collectible amounts. An estimate for doubtful accounts is
made when collection of the full amount is no longer probable. Bad debts are
written off as incurred. There were no bad debts for the period ended December
31, 2007.  Cash and Cash Equivalents  The
Company considers all highly liquid investments purchased with original
maturities of three months or less to be cash equivalents.    F-8     HAN
LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006   Fair Value of Financial Instruments  The
Company's financial instruments include cash and cash equivalents, accounts
receivable, advances to suppliers, other receivables, accounts payable,
short-term bank loans, customer deposits, taxes payable, other payables and
accrued expenses and due to stockholders. Management has estimated that the
carrying amount approximates their fair value due to their short-term
nature.  Shares for Services and Other Assets  The
Company accounts for non-cash stock-based compensation issued to non-employees
in accordance with the provisions of SFAS No. 123 and EITF No. 96-18, Accounting
for Equity (deficit) Investments That Are Issued to Non-Employees for Acquiring,
or in Conjunction with Selling, Goods or Services.  Common stock issued to
non-employees and consultants is based upon the value of the services received
or the quoted market price, whichever value is more readily determinable.  Revenue Recognition  The
Company recognizes revenue, in accordance with the Securities and Exchange
Commission Staff Accounting Bulletin (SAB) number 104, which states that revenue
is generally recognized when it is realized and earned.  Specifically, the
Company recognizes revenue when services are performed and projects are
completed and accepted by the customer.  Use of Estimates  The
preparation of financial statements in conformity with generally accepted
accounting principles in the United States of America 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 periods. Management makes these estimates using the best
information available at the time the estimates are made; however actual results
could differ materially from those estimates.    F-9    HAN LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006  Income Taxes  The
Company recognizes deferred income tax assets or liabilities for the expected
future tax consequences of events that have been recognized in the financial
statements or income tax returns. Deferred income tax assets or liabilities are
determined based upon the difference between the financial statement and tax
bases of assets and liabilities using enacted tax rates expected to apply when
the differences are expected to be settled or realized. Deferred income tax
assets are reviewed periodically for recoverability and valuation allowances are
provided as necessary. We classify penalties and interest as income taxes as
allowed by FIN 48, Accounting for Uncertainty in Income Taxes.  A
valuation allowance is provided for deferred tax assets if it is more likely
than not these items will either expire before the Company is able to realize
their benefits, or that future realization is uncertain.  Segments  The
Company operates in only one business segment, namely the development, marketing
and delivering of logistical analysis, problem solving and other logistics
services.  Loss Per Share  The
Company is required to provide basic and dilutive earnings (loss) per common
share information.  The
basic net loss per common share is computed by dividing the net loss applicable
to common stockholders by the weighted average number of common shares
outstanding.  Diluted
net loss per common share is computed by dividing the net loss applicable to
common stockholders, adjusted on an "as if converted" basis, by the weighted
average number of common shares outstanding plus potential dilutive securities.  For the
period ended December 31, 2007, potential dilutive securities had an
anti-dilutive effect and were not included in the calculation of diluted net
loss per common share.  Total potentially dilutive securities as of
December 31, 2007 approximate 546,870 shares (see Note 6).     F-10     HAN
LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006  Recent Accounting Pronouncements  SFAS
157 Fair Value Measurements (September 2006)  This
standard defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles, and expands disclosure about fair
value measurements.  This statement is effective for financial statements
issued for fiscal years beginning after November 15, 2007.  Early adoption
is encouraged.  The adoption of SFAS 157 is not expected to have a material
impact on the financial statements.  SFAS
158 Employers Accounting for Defined Benefit Pension and Other Postretirement
Plans (September 2006)  This
statement is an amendment of FASB Statements 87, 88, 106 and 132(R)
(SFAS 158). SFAS 158 requires an employer to recognize the
over-funded or under-funded status of a defined benefit postretirement plan
(other than a multiemployer plan) as an asset or liability in its
 statement of financial position and to recognize changes in that funded
status in the year in which the changes occur through comprehensive income.
SFAS 158 also requires the measurement of defined benefit plan assets and
obligations as of the date of the employers fiscal year-end statement of
financial position (with limited exceptions).  Management does not expect
adoption of SFAS 158 to have a material impact on the Companys financial
statements.  SFAS
159 The Fair Value Option for Financial Assets and Financial Liabilities
(February 2007)  SFAS
159 creates a fair value option allowing an entity to irrevocably elect fair
value as the initial and subsequent measurement attribute for certain financial
assets and financial liabilities, with changes in fair value recognized in
earnings as they occur. SFAS 159 also requires an entity to report those
financial assets and financial liabilities measured at fair value in a manner
that separates those reported fair values from the carrying amounts of assets
and liabilities measured using another measurement attribute on the face of the
statement of financial position. Lastly, SFAS 159 requires an entity to provide
information that would allow users to understand the effect on earnings of
changes in the fair value on those instruments selected for the fair value
election. SFAS 159 is effective for fiscal years beginning after
November 15, 2007, with early adoption permitted. The Company is continuing
to evaluate SFAS 159 and to assess the impact on its results of operations and
financial condition if an election is made to adopt the standard.    F-11     HAN
LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2006 AND 2005  Statement of Financial Accounting Standard No. 141R  In
December 2007, the FASB issued Statement of Financial Accounting Standard No.
141(revised 2007), Business Combinations(SFAS 141R).  SFAS 141R
requires the use of full fair value to record all the identifiable assets,
liabilities, non-controlling interests and goodwill acquired in a business
combination.  SFAS 141R is effective for fiscal years beginning on or after
December 15, 2008.  The Company does not anticipate adoption of this
standard will have a material impact on its financial statements.  Statement of Financial Accounting Standard No. 160  In
December 2007, the FASB issued Statement of Financial Accounting Standard No.
160, Non-controlling Interest in Consolidated Financial Statements (SFAS
160).  SFAS 160 requires the non-controlling interests(minority interests)
to be recorded at fair value and reported as a component of equity.  SFAS
160 is effective for fiscal years beginning on or after December 15, 2008.
 The Company does not anticipate adoption of this standard will have a
material impact on its financial statements.  The
implementations of the above pronouncements are not expected to have a material
effect on the Company's financial statements.  Reclassifications  Certain
amounts have been reclassified and represented to conform to the current
financial statement presentation.                 F-12    HAN LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006   NOTE   3  Financial Condition and Going
Concern  The
Companys financial statements have been presented on the basis that it is a
going concern, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business.  The Company incurred a
net loss of $80,774 (from operations) for the period ended December 31, 2007.
 It also sustained operating losses in prior years as well.  These
factors raise substantial doubt as to its ability to obtain debt and/or equity
financing and achieve profitable operations.  Management intends to raise additional operating funds through
equity and/or debt offerings.  However, there can be no assurance
management will be successful in its endeavors.  Ultimately, the Company
will need to achieve profitable operations in order to continue as a going
concern.  There
are no assurances that Han Logistics, Inc. will be able to either (1) achieve a
level of revenues adequate to generate sufficient cash flow from operations; or
(2) obtain additional financing through either private placement, public
offerings and/or bank financing necessary to support its working capital
requirements.  To the extent that funds generated from operations and any
private placements, public offerings and/or bank financing are insufficient, the
Company will have to raise additional working capital.  No assurance can be
given that additional financing will be available, or if available, will be on
terms acceptable to Han Logistics, Inc..  If adequate working capital is
not available Han Logistics, Inc. may be required to curtail its operations.  NOTE 4  Income Taxes  Effective January 1, 2007, we adopted the provisions of FASB
Interpretation No. 48, Accounting for Uncertainty in Income Taxes(FIN 48). FIN 48 clarifies the accounting for uncertainty in income taxes
recognized in a companys financial statements in accordance with FASB Statement
No. 109, Accounting for Income Taxes. FIN 48 requires a company to
determine whether it is more likely than not that a tax position will be
sustained upon examination based upon the technical merits of the position. If
the more-likely-than-not threshold is met, a company must measure the tax
position to determine the amount to recognize in the financial statements. The
application of income tax law is inherently complex.      F-13     HAN
LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006  NOTE 4  Income Taxes [continued]  Laws
and regulation in this area are voluminous and are often ambiguous. As such, we
are required to make many subjective assumptions and judgments regarding the
income tax exposures. Interpretations of and guidance surrounding income tax
laws and regulations change over time. As such, changes in the subjective
assumptions and judgments can materially affect amounts recognized in the
balance sheets and statements of income.  At the
adoption date of January 1, 2007, we had no unrecognized tax benefit, which
would affect the effective tax rate if recognized. There has been no significant
change in the unrecognized tax benefit during the year ended December 31,
2007.  We
classify interest and penalties arising from the underpayment of income taxes in
the statement of income under general and administrative expenses. As of
December 31, 2007, we had no accrued interest or penalties related to
uncertain tax positions. The tax years 2007 and 2006 federal return remains open
to examination.  Deferred taxes are provided on a liability method whereby deferred
tax assets are recognized for deductible temporary differences and operating
loss and tax credit carry forwards and deferred tax liabilities are recognized
for taxable temporary differences. Temporary differences are the differences
between the reported amounts of assets and liabilities and their tax bases.
 Deferred tax assets are reduced by a valuation allowance when, in the
opinion of management, it is more likely than not that some portion or all of
the deferred tax assets will not be realized.  Deferred tax assets and
liabilities are adjusted for the effects of changes in tax laws and rates on the
date of enactment. Net
operating loss carry forwards are recognized, against which a valuation reserve
has been applied. The Company recognized a valuation reserve by an equal amount
equal to the deferred tax benefit of the loss carry forwards.           F-14     HAN
LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006  NOTE 4  Income Taxes [continued]  The
components of deferred income tax assets (liabilities) at December 31, 2007,
were as follows: Balance
Rate
TaxFederal loss carryforward  (expires through
2027)
$229,284
34%
$
         77,957Valuation allowance


(77,957)Deferred tax
asset


$
                  -  A
reconciliation between expected and actual tax liability is presented below.  Expected Provision (Benefit)$
           (21,649)Effect of:
Increase in valuation allowance
21,649Total Actual Provision
$
                      -  At
December 31, 2007, Han Logistics, Inc. has an a net operating loss carry forward
for Federal income tax purposes totaling approximately $229,284 which, if not
utilized, will expire in the year 2027.  During 2007, the valuation
allowance increased by $21,649 from $56,308 as of December 31, 2006.               F-15     HAN
LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006  NOTE 5 - Common Stock  On July
1, 1999, the Board of Directors authorized a stock issuance totaling 2,000,000
shares of common stock to an officer of the Company for cash consideration of
$27,000, or $0.0135 per share.  The
Company had authorized a stock issuance of a minimum of 50,000 to a maximum of
250,000 shares of its common stock at $1.00 per share.  The offering was to
be filed under the Securities Act of 1933 or an exemption under the Act.  During
2005, the Company issued 53,500 shares of common stock under this offering.
 Against the proceeds of the offering, $20,398 of stock issuance costs was
offset against additional paid-in capital.  During
2006, the Company issued 20,200 shares of common stock under this offering for
gross proceeds of $20,200.  NOTE 6 - Related Party
Transactions  Shareholders and other related parties loaned $17,100 to the
Company during 2007, which is convertible to common stock at a rate of $0.10 per
share.  The effect of conversion on the loss per share calculation would be
anti-dilutive, as the Company incurred losses in each of the periods presented
in the financial statements.  Additionally, the Company recorded an
interest expense of $17,100 for the conversion feature of the loans made during
2007.  Shareholders and other related parties loaned $2,500 to the
Company during 2007.  This loan is a demand note and carries an interest
rate of 24% per annum.  Shareholders and other related parties loaned $23,800 to the
Company during 2005, which is convertible to common stock at a rate of $0.10 per
share.  The effect of conversion on the loss per share calculation would be
anti-dilutive, as the Company incurred losses in each of the periods presented
in the financial statements.  Shareholders and other related parties had loaned $13,787 to the
Company as of December 31, 2004, which is convertible to common stock at a rate
of $0.10 per share.  The effect of conversion on the loss per share
calculation would be anti-dilutive, as the Company incurred losses in each of
the periods presented in the financial statements.   F-16     HAN
LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006   NOTE 6 - Related Party
Transactions-Continued  The
Company has recorded accrued interest payable attributable to the related party
liabilities in the amount of $54,687 accrued at 10% per annum totaling $16,573
at December 31, 2007.  The Company has recorded accrued interest payable
attributable to the related party liabilities in the amount of $2,500 accrued at
24% per annum totaling $21 at December 31, 2007.  The shareholder loans are
unsecured and are payable on demand.  During
a prior year, the Company recorded revenues of $1,200, which were earned from
services provided to a related party.  The party and the Company have
related officers.  No amounts are due to or from this party as of December
31, 2007.  The
Company currently utilizes office space on a rent-free basis from a shareholder,
and shall do so until substantial revenue-producing operations commence.
Management deemed the rent-free space to be of nominal value.  Note 7 - Concentrations  For the
year ended December 31, 2004, one customer represented approximately 79% or
$4,481 of total revenues and 100% of accounts receivable.  Prior to the
Company earning revenues from this customer, the Company's President was an
employee of the customer.  Additionally, a related party customer
represented 21% or $1,200 of total revenues.  If these customers decrease
or terminate their business with the Company, the impact may have adverse
effects on the Company's operations and financial condition.  NOTE 8  Property and Equipment  Long-lived assets are stated at cost.  Maintenance and
repairs are expensed as incurred.  Depreciation is determined using the
straight-line method over the estimated useful lives of the assets, which is
between five to thirty-nine years.  Where
an impairment of a propertys value is determined to be other than temporary, an
allowance for the estimated potential loss is established to record the property
at its net realizable value.      F-17     HAN
LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006  When
items of building or equipment are sold or retired, the related cost and
accumulated depreciation are removed from the accounts and any gain or loss is
included in the results of operations.  The Company does not have any
long-lived tangible assets, which are considered to be impaired as of December
31, 2007.  At
December 31, 2007, property and equipment consisted of the following:  Useful Lives
December 31, 2007Computer equipment
3
1,761Less:accumulated depreciation

(978)$
      783  Depreciation expense was $587 for the year ended December 31,
2007.  NOTE 9  Prior Period Adjustments  The
Company determined their accounting for convertible debt was erroneously
reported in 2005.  The Company issued debt, which is convertible into
shares of common stock at $0.10.  The Company failed to account for the
beneficial conversion feature included with this debt.  It was determined
that interest expense resulting from this feature should have been reported in
2005.  Because the note is due on demand, the full effect of the beneficial
conversion should be reported in 2005.                 F-18    HAN LOGISTICS, INC. [A
DEVELOPMENT STAGE COMPANY] NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2007 AND 2006   The
effect on certain line items to the financial statements for fiscal year 2005,
as reported with the Companys 10-KSB filed on April 14, 2006 is as follows:  Additional paid-in capital:As reported
58,048Adjustment
23,500Restated amount
81,548Deficit accumulated during development stage:As reported
(80,304)Adjustment
(23,500)Restated amount
(103,804)Interest expense:As reported
2,920Adjustment
23,500  Restated amount
26,420Net Income (Loss):As reported
(29,959)Adjustment
(23,500)Restated amount
(53,459)Basic & Diluted earnings per share:As reported
(0.01)Adjustment
(0.02)Restated amount
(0.03)Weighted
Avg. Shares
2,004,544           F-19    Item 8. Changes in and
Disagreements with Accountants on Accounting and Financial
Disclosure  None; Not applicable.   Item 8(A)T. Controls and Procedures.   Under the
supervision and with the participation of our management, including our chief
executive officer, we evaluated the effectiveness of the design and operation of
our disclosure controls and procedures (as defined in Rule 13a-15(e) and
15d-15(e) under the Securities Exchange Act of 1934 (the Exchange Act)) as of
the end of the period covered by this report.  Based upon that evaluation,
our chief executive officer concluded that our disclosure controls and
procedures as of the end of the period covered by this report were not effective
such that the information required to be disclosed by us in reports filed under
the Securities Exchange Act of 1934 is (i) recorded, processed, summarized
and reported within the time periods specified in the SECs rules and forms and
(ii) accumulated and communicated to our management, including our Chief
Executive Officer, as appropriate to allow timely decisions regarding
disclosure. A discussion of the material weaknesses in our controls and
procedures is described below.  Managements Annual Report on Internal
Control over Financial Reporting.  Our management,
which consists primarily of Amee Han Lombardi, president and chief accounting
officer, who is responsible for establishing and maintaining adequate internal
control over financial reporting (as defined in Rule 13a-15(f) under the
Exchange Act). Our internal control over financial reporting is a process
designed to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes of
accounting principles generally accepted in the United States.  Because of its
inherent limitations, internal control over financial reporting may not prevent
or detect misstatements. Therefore, even those systems determined to be
effective can provide only reasonable assurance of achieving their control
objectives.  Our management, including our sole executive and
accounting officer, evaluated the effectiveness of the Companys internal
control over financial reporting as of December 31, 2007.  In making
this assessment, our management used the COSO framework, an integrated framework
for the evaluation of internal controls issued by the Committee of Sponsoring
Organizations of the Treadway Commission.  Based on its evaluation, our
management concluded that there are multiple material weaknesses in our internal
control over financial reporting.  A material weakness is a deficiency, or
combination of control deficiencies, in internal control over financial
reporting such that there is a reasonable possibility that a material
misstatement of the Companys annual or interim financial statements will not be
prevented or detected on a timely basis.  The material weaknesses identified are
primarily due to insufficient personnel in the finance department which results
in an inability to provide effective oversight and review of financial
transactions with regard to accumulating and compiling financial data in the
preparation of financial statements.  The lack of sufficient personnel also
results in a lack of segregation of duties and the accounting technical
expertise necessary for an effective system of internal control.  We have begun to take steps to mitigate this material
weakness to the fullest extent possible.  As soon as our finances allow, we
plan on hiring additional finance staff and, where necessary, utilizing
competent outside consultants to provide a layer of review and technical
expertise that is currently lacking in our internal controls over financial
reporting.  Based on our evaluation
under the frameworks described above, our management has concluded that our
internal control over financial reporting was not effective as of December 31,
2007.  This annual report does not include an attestation report
of the companys registered public accounting firm regarding internal control
over financial reporting.  Managements report was not subject to
attestation by the companys registered public accounting firm pursuant to
temporary rules of the Securities and Exchange Commission that permit the
company to provide only managements report in this annual report.  17     Changes in Internal Control over Financial
Reporting.  During the most recent quarter ended December 31, 2007,
there was no change in our internal control over financial reporting (as defined
in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) ) that has materially
affected, or is reasonably likely to materially affect, our internal control
over financial reporting.   Item 8(B). Other Information.  None.    PART III    Item 9. Directors, Executive Officers, Promoters
and Control Persons; Compliance with Section 16(a) of the Exchange Act  Identification of Directors and Executive
Officers  The following table sets forth the names of
all current directors and executive officers of the Company. These persons will
serve until the next annual meeting of the stockholders or until their
successors are elected or appointed and qualified, or their prior resignation or
termination.  Name
Positions Held
Date of Election or
Designation
Date of Termination or
ResignationAmee Han Lombardi
President
Secretary
Treasurer
01/99
01/99
01/99
*
*
*Director
01/99
*Michael Vardakis
Director
01/05
*  * These persons presently serve in the capacities
indicated.  Business Experience Amee Han Lombardi
has served as the President, the Treasurer and a director of Han Logistics since
its inception on July 1, 1999. She is currently our
President/Secretary/Treasurer and a director. From July 2000 to May 2004, she
was employed by Sierra Design Group, a gaming engineering firm based in Reno,
Nevada, as a project coordinator, acting warehouse manager, acting shipping
manager, acting materials manager, and project manager. Ms. Han Lombardi
graduated from the University of Nevada, Reno, Nevada, majoring in logistics
management, in December 2004. She completed a logistics internship with Mars,
Inc. - Kal Kan, Reno, Nevada, during which she researched and analyzed the
optimal utilization of logistics technicians; wrote ISO-9000 compliant
procedures manuals for several positions; developed applied software capable of
consolidating technician duties and reduced man hours; and made software
revisions, situationally adapted software, revised key personnel duties and made
various other recommendations. She was employed, from June 1997 through June
1999, by United Blood Services, Reno, Nevada, as a Senior Donor Care Specialist,
with responsibility for the determination of donor eligibility based upon
Federal guidelines; the administration of post-donation care; and the leadership
of a special projects team engaged in maximizing efficiency and scope in the
utilization of resources. From October 1992 through March 1997, Ms. Han Lombardi
was employed in the position of Senior Customer Service Agent by the Eldorado
Hotel and Casino, Reno, Nevada. In this position, she was responsible for
customer service and development and the training of all departmental new hires.
She was employed, from April 1991 through May 1992, by Sheraton Worldwide
Reservations, Austin, Texas, as a Reservations Agent with responsibility for a
database of over 500 properties. Ms. Han Lombardi attended the University of
Texas, Austin, Texas, from September 1987 through May 1992. Michael Vardakis,
age 42, has served as director of our Company since January, 2005. Mr. Vardakis
has also served as President and Treasurer of Syntony Group, Inc. since March
20, 2003. Mr. Vardakis has served as the Secretary and a director since August
9, 2001, and Treasurer since August 28, 2001, of Asyst Corporation, a
publicly-held  18    company and a "reporting issuer" under the Exchange Act, until his
resignation from all of these positions in February, 2004. Mr. Vardakis is also
presently serving as the President and a director of Gulf & Orient Steamship
Company, Ltd., a non-reporting publicly-held company, since March 6, 2003. Since
1991, he has been employed as a salesman, and served as the Secretary, for AAA
Jewelry & Loan, Inc. ("AAA Jewelry & Loan"), of Salt Lake City, Utah, a
closely-held pawn brokerage business managed and co-owned by Terry S.
Pantelakis, Mr. Vardakis' father-in- law. Since 1994, Mr. Vardakis has served as
an executive officer, a director and a controlling shareholder of Michael Angelo
Jewelers, Inc. ("Michael Angelo Jewelers"), Salt Lake City, Utah, a closely-held
retail jewelry business that he founded together with Angelo Vardakis, his
brother. He has been a manager and a 50% owner of M.N.V. Holdings, LLC, Salt
Lake City, Utah, a real estate holding company; from July, 1997 until April,
2002, Mr. Vardakis served as President and a director of Pawnbrokers Exchange,
Inc., a "reporting issuer" under the Exchange Act, until 2001; and since
November, 1997, Mr. Vardakis has been a manager and a member of M.H.A., LLC,
Salt Lake City, Utah, a closely-held investment company co-owned together with
his brother, Angelo Vardakis, among others. Since June 1996, Mr. Vardakis has
served as a director and a controlling shareholder of TMV Holdings, Inc. ("TMV
Holdings"), Sparks, Nevada, privately-held investment company that he co-owns
with Vincent Lombardi. He has also been a manager and a member of two Salt Lake
City, Utah, real estate holding companies, V Financial, LLC, and BNO, LLC, since
December 1999 and January 1997, respectively. He attended the University of
Utah, Salt Lake City, Utah, from 1983 through 1984.  Significant Employees  The Company has no employees who are not
executive officers, but who are expected to make a significant contribution to
the Companys business.  Family Relationships  There are no family relationships between
our officers and directors.  Involvement in Certain Legal Proceedings  Except as stated above, during the past
five years, no director, person nominated to become a director, executive
officer, promoter or control person of the Company:  (1) was a general partner or executive
officer of any business against which any bankruptcy petition was filed, either
at the time of the bankruptcy or two years prior to that time;  (2) was convicted in a criminal proceeding
or named subject to a pending criminal proceeding (excluding traffic violations
and other minor offenses);  (3) was subject to any order, judgment or
decree, not subsequently reversed, suspended or vacated, of any court of
competent jurisdiction, permanently or temporarily enjoining, barring,
suspending or otherwise limiting his involvement in any type of business,
securities or banking activities; or  (4) was found by a court of competent
jurisdiction (in a civil action), the Securities and Exchange Commission or the
Commodity Futures Trading Commission to have violated a federal or state
securities or commodities law, and the judgment has not been reversed, suspended
or vacated.  Compliance with Section 16(a) of the Exchange
Act  Upon the Companys filing of its Form 8-A
on October 23, 2006, Ms. Han Lombardi and Mr. Vardakis became subject to the
reporting obligations of Section 16(a) of the Exchange Act.  Each of these
persons will filed Form 3 Initial Statement of Beneficial Ownership of
Securities with the Securities and Exchange Commission on April 18, 2007 and
April 17, 2007, respectively.  Code of Ethics  The Company adopted a Code of Ethics that
was filed as an exhibit 14 to our Annual Report for the year ended  19    December 31,
2005 and is incorporated herein by reference. See Item 13 of this Report.  Nominating Committee  We have not established a Nominating
Committee because, due to our lack of substantial operations and the fact that
we only have two directors and executive officers, we believe that we are able
to effectively manage the issues normally considered by a Nominating Committee.
Following an increase in our current operations, a further review of this issue
will no doubt be necessitated and undertaken by our management.  Audit Committee  We have no audit
committee, and we are not required to have an audit committee; we do not believe
the lack of an audit committee will have any adverse effect on our financial
statements, based upon our current business operations. We will assess whether
an audit committee may be necessary in the future.   Item 10. Executive Compensation  The following table sets forth the
aggregate compensation paid by the Company for services rendered during the
periods indicated:  SUMMARY COMPENSATION TABLE  Name and Principal Position
(a)
Year



(b)
Salary
($)


(c)
Bonus
($)


(d)
Stock Awards
($)

(e)
Option Awards
($)

(f)
Non-Equity Incentive Plan Compensation
($)
(g)
Nonqualified  Deferred Compensation
($)
(h)
All Other Compensation
($)

(i)
Total
Earnings
($)

(j)Amee Han Lombardi President, Secretary, Treasurer,
Director
12/31/07
12/31/06
12/31/05
0
48,000
23,275
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,000(1)
0
0
24,000
48,000
23,275Michael Vardakis Director
12/31/07
12/31/06
12/31/05
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0  (1)  During 2007, we paid Ms. Han Lombardi $24,000
in consulting fees.   20    Outstanding
Equity Awards  OUTSTANDING EQUITY AWARDS AT FISCAL
YEAR-END ________________________________________________________________________ Option
Awards
                              Stock
Awards Name
Number of Securities Underlying Unexercised Options
(#) Exercisable
Number of Securities underlying Unexercised Options
(#) Unexercisable
Equity Incentive Plan Awards Number of Securities
Underlying Unexercised Unearned Options (#)
Option Exercise Price
($)
Option Expiration Date
Number of Shares or Units of Stock That Have Not
Vested (#)
Market Value of Shares or Units of Stock That Have
Not Vested
($)
Equity Incentive Plan Awards: Number of Unearned
Shares, Vested Units or Other Rights That Have Not Vested (#)
Equity Incentive Plan Awards: Market or Payout
Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)Amee Han Lombardi
None
None
None
None
None
None
None
None
NoneMichael Vardakis
None
None
None
None
None
None
None
None
None  Compensation of Directors  DIRECTOR COMPENSATION _____________________________________________________________________ Name
Fees Earned or Paid in Cash ($)
Stock Awards ($)
Option Awards ($)
Non-Equity Incentive Plan Compensation ($)
Nonqualified Deferred Compensation Earnings
($)
All Other Compensation ($)
Total ($)(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)Amee Han Lombardi
None
None
None
None
None
None
NoneMichael Vardakis
None
None
None
None
None
None
None   Item 11. Security Ownership of Certain Beneficial
Owners and Management  Security Ownership of Certain Beneficial
Owners  The following tables set forth the share
holdings of those persons who were principal shareholders of the Companys
common stock as of the dated of this Report.  Ownership of Principal
Shareholders Title Of Class
Name and Address of Beneficial Owner
Amount and Nature of Beneficial Owner
Percent of ClassCommon
Amee Han Lombardi
2,000,000 - Direct
96.4%   21    Security
Ownership of Management  The following table sets forth the share
holdings of the Companys directors and executive officers as of December 31,
2007:  Ownership of Officers and
Directors Title of Class
Name and Address of Beneficial
Owner
Amount and Nature of Beneficial Owner
Percent of ClassCommon
Amee Han Lombardi
2,000,000 - Direct
96.4Common
Michael Vardakis
0
0%  Changes in Control  There are no additional present
arrangements or pledges of the Companys securities which may result in a change
in control of the Company.   Securities Authorized for Issuance under Equity
Compensation Plans  Plan Category
Number of Securities to be issued upon exercise of
outstanding options, warrants and rights
Weighted-average exercise price of outstanding
options, warrants and rights
Number of securities remaining available for future
issuance under equity compensation plans excluding securities reflected in
column (a)(a)
(b)
(c)Equity compensation plans approved by security
holders
None
None
NoneEquity compensation plans not approved by security
holders
None
None
NoneTotal
None
None
None   Item 12. Certain Relationships and Related
Transactions  Transactions with Related Persons  Shareholders and other related parties
loaned $17,100 to the Company during 2007, which is convertible to common stock
at a rate of $0.10 per share.  The effect of conversion on the loss per
share calculation would be anti-dilutive, as the Company incurred losses in each
of the periods presented in the financial statements.  Additionally, the
Company recorded an interest expense of $17,100 for the conversion feature of
the loans made during 2007.  Shareholders and other related parties
loaned $2,500 to the Company during 2007.  This loan is a demand note and
carries an interest rate of 24% per annum.  Shareholders and other related parties
loaned $23,800 to the Company during 2005, which is convertible to common stock
at a rate of $0.10 per share.  Shareholders and other related parties had
loaned $13,787 to the Company as of December 31, 2004, which is convertible to
common stock at a rate of $0.10 per share.  The Company has recorded accrued interest
payable attributable to the related party liabilities in the amount of $54,687
accrued at 10% per annum totaling $16,573 at December 31, 2007.  The
Company has recorded accrued interest payable attributable to the related party
liabilities in the amount of $2,500 accrued at 24% per annum totaling $21 at
December 31, 2007.  The shareholder loans are unsecured and are payable on
demand.  22     During a prior year, the Company recorded
revenues of $1,200, which were earned from services provided to a related party.
 The party and the Company have related officers.  No amounts are due
to or from this party as of December 31, 2007.  The Company currently utilizes office space
on a rent-free basis from a shareholder, and shall do so until substantial
revenue-producing operations commence. Management deemed the rent-free space to
be of nominal value.  Expect for as noted
above, there were no material transactions, or series of similar transactions,
during our Companys last fiscal year, or any currently proposed transactions,
or series of similar transactions, to which our Company or any of our
subsidiaries was or is to be a party, in which the amount involved exceeded the
lesser of $120,000 or one percent of the average of the small business issuers
total assets at year-end for the last three completed fiscal years and in which
any director, executive officer or any security holder who is known to us to own
of record or beneficially more than five percent of any class of our common
stock, or anymember of the immediate
family of any of the foregoing persons, had an interest.  Parents of the Issuer Amee Han Lombardi may be deemed
to be a parent of the issuer due to her ownership of approximately 96.4% of its
issued and outstanding shares.  Transactions with Promoters and control
persons  There were no material transactions, or
series of similar transactions, during our Companys last five fiscal years, or
any currently proposed transactions, or series of similar transactions, to which
we or any of our subsidiaries was or is to be a party, in which the amount
involved exceeded $60,000 and in which any promoter or founder of ours or any
member of the immediate family of any of the foregoing persons, had an interest.   Item 13. Exhibits  Exhibits  3.1
         Articles of Incorporation,
filed July 1, 1999.* 3.2
         Bylaws *  14
          Code of Ethics**  EX 31.1 Certification of Amee Han Lombardi,
the Companys President, Secretary/Treasurer, pursuant to section 302 of the
Sarbanes-Oxley Act of 2002  EX 32 Certification of Amee Han Lombardi
pursuant to section 906 of the Sarbanes-Oxley Act of 2002   *Attached as an exhibit to our SB-2
Registration Statement  **Attached as an exhibit to our 10KSB for
the year ended December 31, 2005  ***Incorporated herein by reference.   Item 14. Principal Accounting Fees and
Services  The Following is a summary of the fees billed to the
Company by its principal accountants during the fiscal years ended December 31,
2007 and 2006:  Fee
Category





2007





2006Audit
Fees



$


11,308



$


9,324  23     Audit-related
Fees



$


0



$


29Tax
Fees



$


0



$


0All
Other Fees



$


0



$


0Total
Fees



$


11,308



$


9,353  Audit Fees - Consists of fees for
professional services rendered by our principal accountants for the audit of the
Companys annual financial statements and review of the financial statements
included in the Companys Forms 10-QSB or services that are normally provided by
our principal accountants in connection with statutory and regulatory filings or
engagements.  Audit-related Fees - Consists of fees for
assurance and related services by our principal accountants that are reasonably
related to the performance of the audit or review of the Companys financial
statements and are not reported under Audit fees.  Tax Fees - Consists of fees for
professional services rendered by our principal accountants for tax compliance,
tax advice and tax planning.  All Other Fees - Consists of fees for
products and services provided by our principal accountants, other than the
services reported under Audit fees, Audit-related fees, and Tax fees
above.  Policy on Audit Committee Pre-Approval
of Audit and Permissible Non-Audit Services of Independent Auditors  The Company has not adopted an Audit
Committee; therefore, there is no Audit Committee policy in this regard.
However, the Company does not require approval in advance of the performance of
professional services to be provided to the Company by its principal accountant.
Additionally, all services rendered by our principal accountant are performed
pursuant to a written engagement letter between us and the principal accountant.   SIGNATURES  In accordance with Section 13 or 15(d) of
the Securities Exchange Act, the Company caused this Report to be signed on its
behalf by the undersigned, thereunto duly authorized.  HAN LOGISTICS, INC.  Date:
April 15, 2008

By:
/s/Amee Han LombardiAmee Han Lombardi, President,
Secretary/Treasurer and Director   In accordance with the Securities Exchange
Act, this Report has been signed below by the following persons on behalf of the
Company and in the capacities and on the dates indicated:  HAN LOGISTICS, INC.  Date:
April 15, 2008

By:
/s/Amee Han LombardiAmee Han Lombardi, President,
Secretary/Treasurer and DirectorDate:
April15 , 2008

By:
/s/Mike VardakisMike Vardakis,
Director    24