U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-Q
/ AMENDED



[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June 30, 2008[   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromCommission File No. 333-143969ZION NEVADA CORPORATION(Exact name of small business issuer as specified in its charter)




Nevada20-8600068(State or other jurisdiction of incorporation(I.R.S. Employer Identification No.)or organization)




484 North 2070 East, Saint George, Utah  84790(Address of Principal Executive Offices)(435) 632-1837(Issuer's telephone number)None(Former name, address and fiscal year, if changed since last report)




Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 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.  Yes
[X]      No [   ]



Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of large accelerated filer, accelerated filer, non-accelerated filer, and smaller reporting company in Rule 12b-2 of the Exchange Act.



[   ]  Large accelerated filer[   ]  Accelerated filer[   ]  Non-accelerated filer[X]  Smaller reporting company




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APPLICABLE ONLY TO CORPORATE ISSUERS:



State the number of shares outstanding of each of the issuer's classes of common equity, as of June 30, 2008:  10,000,000 shares of common stock.



Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):

Yes [X]      No [   ]



Transitional Small Business Disclosure Format (Check One)
Yes [   ]      No [X]





















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PART I - FINANCIAL INFORMATION



Item 1.  Financial Statements



Item 2.  Management's Discussion and Analysis of Financial Condition



Item 4.  Control and Procedures



PART II - OTHER INFORMATION



Item 1.  Legal Proceedings



Item 2.  Changes in Securities



Item 3.  Defaults Upon Senior Securities



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



Item 5.  Other Information



Item 6.  Exhibits and Reports on Form 8-K



SIGNATURE





PART I - FINANCIAL INFORMATION



Item 1.  Financial Information



BASIS OF PRESENTATION



The accompanying reviewed financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and item 310 under subpart A of Regulation S-B.  Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.  In the opinion of management, all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included.  Operating results from inception (March 7, 2007) and three months ended June 30, 2008 are not necessarily indicative of results that may be expected for the year ending December 31, 2008.  The financial statements are presented on the accrual basis.





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FINANCIAL STATEMENTS



ZION NEVADA CORPORATION



Table of Contents





PAGEBALANCE SHEETF-1STATEMENT OF OPERATIONSF-2STATEMENT OF CASH FLOWSF-3FOOTNOTES TO FINANCIAL STATEMENTSF-4


































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ZION NEVADA CORPORATION

(A Development Stage Company)



Balance sheets





(Unaudited)ASSETSJune 30, 2008December 31, 2007Current assets:Cash and cash equivalents
	$
	1,067
	$
	156Total current assets
	1,067
	156Total Assets
	$
	1,067
	$
	156LIABILITIES AND STOCKHOLDERS' (DEFICIT)Current liabilities:Accounts payable and accrued expenses$1,662$-Advance from shareholder
	19,800
	12,800Total current liabilities
	21,462
	12,800Commitments and contingencies
	-
	-Stockholders' (deficit)Common stock; $.001 par value, 75,000,000 shares authorized;10,000,000  shares issued and outstanding
	10,000
	10,000Accumulated (deficit) during the development stage
	(30,395)
	(22,644)Total stockholders' (deficit)
	
	(20,395)
	
	(12,644)Total Liabilities and Stockholders' (Deficit)
	$
	1,067
	$
	156










The Accompanying Notes are an Integral Part of these Financial Statements



F-1



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ZION NEVADA CORPORATION

(A Development Stage Company)



Statements of operations





(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)March 7, 2007March 7, 2007For the threeFor the threeFor the six(date of inception)(date of inception)months endedmonths endedmonths endedthroughthroughJune 30, 2008June 30, 2007June 30, 2008June 30, 2007June 30, 2008Revenues$-$-$-$-$-Operating expensesGeneral administrative
	
	3,219
	
	11,525
	
	7,751
	
	16,525
	
	30,395Total operating expenses
	3,219
	11,525
	7,751
	16,525
	30,395(Loss) from operations
	(3,219)
	(11,525)
	(7,751)
	(16,525)
	(30,395)Other income (expense)Interest income
	-
	-
	-
	-
	-Interest expense
	-
	-
	-
	-
	-Total other income (expenses)
	-
	-
	-
	-
	-(Loss) before provision for income taxes
	(3,219)
	(11,525)
	(7,751)
	(16,525)
	(30,395)Provision for Income Taxes
	-
	-
	-
	-
	-Net (loss)
	$
	(3,219)
	$
	(11,525)
	$
	(7,751)
	$
	(16,525)
	$
	(30,395)Basic and diluted loss per common share
	$
	(0.01)
	$
	(0.01)
	$
	(0.01)
	$
	(0.01)
	$
	(0.01)Basic and diluted weighted averagecommon shares outstanding
	
	10,000,000
	
	10,000,000
	
	10,000,000
	
	10,000,000
	
	10,000,000








The Accompanying Notes are an Integral Part of these Financial Statements



F-2



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ZION NEVADA CORPORATION

(A Development Stage Company)



Statements of cash flows





(Unaudited)(Unaudited)(Unaudited)March 7, 2007March 7, 2007For the six(date of inception)(date of inception)months endedthroughthroughJune 30, 2008June 30, 2007June 30, 2008Operating activities:Net loss$(7,751)$(16,525)$(30,395)Adjustments to reconcile net loss tonet cash used in operating activities:Stock issued for services
	-
	5,000
	5,000Changes in operating assets and liabilities:Increase in accounts payable
	-
	610
	-Increase in accrued expenses
	1,662
	-
	1,662Net cash (used in) operating activities
	(6,089)
	(10,915)
	(23,733)Financing activities:Advance from shareholder
	7,000
	10,000
	19,800Proceeds from issuance of common stock
	-
	5,000
	5,000Net cash provided by financing activities
	7,000
	15,000
	24,800Net change in cash
	911
	4,085
	1,067Cash, beginning of period
	156
	-
	-Cash, ending of period
	$
	1,067
	$
	4,085
	$
	1,067Non Cash Investing and Financing Activities:Issuance of Common Stock for Services
	$
	-
	$
	5,000
	$
	5,000










The Accompanying Notes are an Integral Part of these Financial Statements



F-3



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ZION NEVADA CORPORATION



NOTES TO THE FINANCIAL STATEMENTS

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Note 1
- CONDENSED FINANCIAL STATEMENT



The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2008, and for all periods presented herein, have been made.



Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2007 audited financial statements.  The results of operations for the periods ended June 30, 2008 and 2007 are not necessarily indicative of the operating results for the full years.



NOTE 2 - GOING CONCERN



The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.



In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.



The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.



NOTE 3 - RELATED PARTY TRANSACTIONS



As of June 30, 2008, advance from president/ shareholder was approximately $20,000.







F-4



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Item 2. Management's Discussion and Analysis of Financial Conditions and Results of Operations



Plan of Operation



On June 29, 2007 we received approval from the Securities and Exchange Commission of our Registration Statement on Form SB-2 wherein we registered 3,000,000 shares of our $.001 common stock in order to raise $30,000.00 as our initial capital prior to filing an application with the NASD on Form 211 to be listed on a public exchange



Results of Operation



The Company did not have any operating income from inception (March 7, 2007) through June 30, 2008. For the quarter ended June 30, 2008, the registrant recognized a net loss of $7,751. Some general and administrative expenses during the year were accrued. Expenses for the year were comprised of costs mainly associated with legal, accounting and office.



Liquidity and Capital Resource



At June 30, 2008 the Company had no capital resources and will rely upon the  issuance  of  common  stock  and  additional  capital  contributions  from shareholders  to  fund administrative  expenses  pending full implementation of the Company's business model.



Critical Accounting Policies



Zion Nevada Corporation's financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (GAAP). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition.  We believe our use if estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.





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Our significant accounting policies are summarized in Note 1 of our financial statements.  While all these significant accounting policies impact its financial condition and results of operations, Zion Nevada Corporations' views certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on the Company's consolidated financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.



Item 4. Controls and Procedures



Our management is responsible for establishing and
maintaining adequate internal control over financial reporting for the Company.
Internal control over financial reporting is defined in Rule 13a-15(f) or
15d-15(f) promulgated under the Securities Exchange Act of 1934 (Exchange Act)
as a process designed by or under the supervision of, our principal executive
and principal financial officers and effected by our Board of Directors,
management and other personnel, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting
principles and includes those policies and procedures that:



Pertain to the maintenance of records that
is in reasonable detail accurately and fairly reflect the transactions and
dispositions of our assets



Provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that receipts and
expenditures of the Company are being made only in  accordance with
authorizations of our management and directors: and



Provide reasonable assurance regarding prevention
or timely detection of unauthorized acquisition, use or disposition of the
Company's assets that could have a material effect on the financial statements.



Because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may
deteriorate.





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Management assessed the effectiveness of the
Company's Internal Control over financial reporting as of, 2008. In
making this assessment, management used the criteria set forth by the Committee
of Sponsoring Organizations of the Treadway Commission in this Internal
Control-Integrated Framework.



Base on our assessment, we believe that, as of
June 30, 2008 our internal control over financial reporting was ineffective.



The determination of ineffective internal control
over financial reporting is primarily due to a lack of separation of duties and
accounting staff.  Our entire financial management is comprised of one
individual.  It is impossible to create a system of checks and balances with
oversight in this circumstance.  The lack of separation of duties and accounting
staff has resulted in several restatements of our financial statements.  This is
primarily due to the fact that we did not dedicate the proper resources to
researching some complex accounting issue that arose during reporting period. 
It is management's intention to bring additional people into the management
team.  Once there are more members of management, responsibilities can be
divided and oversight roles created.  This annual report does not include an
attestation report of the Company's registered 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 SEC.



a) Evaluation of Disclosure Controls and
Procedures



We maintain disclosure controls and procedures (as
defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that are
designed to ensure that information required to be disclosed in the reports we
file or submit under the Exchange Act is recorded, processed, summarized and
reported within the time periods specified in the SEC's rules and forms, and
that such information is accumulated and communicated to our management,
including our chief executive officer and chief financial officer, as
appropriate to allow timely decisions regarding disclosure.  In designing and
evaluating the disclosure controls and procedures, management recognized that
any controls and procedures, no matter how well designed and operated, can
provide only reasonable assurance of achieving the desired control objectives,
and management necessarily was required to apply its judgment in evaluating the
cost-benefit relationship of possible controls and procedures.



Our management, with the participation of our chief
executive officer and chief financial officer, has evaluated the effectiveness
of our disclosure controls and procedures as of June 30, 2008.  Based on their
evaluation, our chief executive officer and chief financial officer have
concluded that, as of June 30, 2008, our disclosure controls and procedures
were not effective.



Our conclusion was based on (1) our lack of
systematic accounting and disclosure procedures, (2) the lack of development of
our IT systems, (3) the lack of hiring and development of new personnel and (4)
the number of adjustments identified by our independent auditors during the
course of their review.  We attribute all of the identified weaknesses to the
formative stage of our organizational development.  We currently lack the
personnel resources to ensure that our disclosure controls and procedures are
adequate.  We intend to address the procedural and control issues by adding more
formalized accounting procedures and accounting staff.



b) 
Changes in internal controls.



There have not been any changes in the Company's
internal control over financial reporting (as such term is defined in Rules
13a-15(f) and 15d-15(f) under the Exchange Act) during the quarter ended June 30, 2008 that have materially affected, or are reasonably likely to materially
affect, the Company's internal control over financial reporting.





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PART II - OTHER INFORMATION



Item 1. Legal Proceedings



None



Item 2. Changes in Securities.



None



Item 3. Defaults Upon Senior Securities.



None



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



None



Item 5. Other Information.



None



Item 6.  Exhibits and Reports on Form 8-K



(a)  Exhibits



31.1 Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002



32.1 Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002



(b)  Reports on Form 8-K



No reports on Form 8-K were filed during the quarter ended June 30, 2008.

















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SIGNATURES



In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.





ZION NEVADA CORPORATION





Date:  October
23, 2008



/s/ Shawn Wright

Shawn Wright

President, Secretary and Director

























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