SECURITIES
      AND EXCHANGE COMMISSION


WASHINGTON,
      D.C. 20549


FORM
      10-KSB/A


Amendment
      No. 4





(Mark
      One)


x  ANNUAL
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934


For
      the
      fiscal year ended December 31, 2007





OR





o  TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934


For
      the
      transition period from __________ to __________





Commission
      file number 000-27615





FIRST
      TRANSACTION MANAGEMENT, INC.


(Name
      of
      small business issuer in its charter)





DELAWARE
              52-2158936(State
                  or other jurisdiction of
                incorporation
                  or organization)
              (IRS
                  Employer Identification
                  No.)





c/o
        Castle Bison, Inc.
 31200
        ViaColinas, Suite 200
 Westlake
        Village, CA
 (address
        of principal executive office)
  381
        SE Crystal Creek Circle
 Issaquah,
        WA 98027
 (former
        address of principal executive
        officer)


(818)
      597-7552


(Issuer’s
      telephone number, including area code)







Securities registered under Section
              12(b) of the Exchange Act:NoneSecurities registered under Section
              12(g) of the Exchange Act:Common
                Stock, $.01 par value per
                share




Check
      whether the issuer is not required to file reports pursuant to Section 13 or
      15(d) of the Exchange Act o





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





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
      be the best of the registrant’s knowledge, in definitive proxy or information
      statements incorporated by reference in Part III of this Form 10-KSB. x





Check
      whether the issuer is a shell company (as defined in Rule 12b-2 of the Exchange
      Act).


Yes x No o





State
      issuer’s revenues for its most recent fiscal year: $230,589.





State
      the
      aggregate market value of the voting stock held by non-affiliates computed
      by
      reference to the price at which the stock was sold, or the average bid and
      asked
      prices of such stock, as of a specified date within the past 60 days. (See
      definition of affiliate in Rule 12b-2 of the Exchange Act):  There
      is
      no public trading market for the Registrant’s common stock, although such stock
      was cleared for an unpriced quotation on the OTC Bulletin Board on January
      18,
      2008. Therefore, no estimate of the aggregate market value of the voting and
      non-voting common equity held by non-affiliates may be made.





State
      the
      number of shares outstanding of each of the issuer’s classes of common equity:
      As of January 28, 2008, there were 7,258,704 shares of common stock, par value
      $.01 per share, outstanding.





DOCUMENTS
      INCORPORATED BY REFERENCE:


None









EXPLANATORY
      NOTE





This
      Amendment No.4 on Form 10-KSB/A to the Annual Report on Form 10-KSB for the
      year
      ended December 31, 2007 of First Transaction Management, Inc. (the “Company” or
      the “Registrant”) which was filed with the Securities Exchange Commission on
      February 2, 2008 (the “Original Filing”), and amended on June 24, 2008
      (“Amendment No. 1), on July 23, 2008 (“Amendment No. 2”) and on August 12, 2008
      (“Amendment No. 3”), is being filed to amend or include certain disclosure
      contained in Item 8A. Controls and Procedures, Item 8B. Other Information and
      in
      the certifications pursuant to Section 302 of the Sarbanes-Oxley Act of
      2002.





As
      a
      result of these amendments, the certifications pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002, as filed as exhibits to the Original Filing and
      the
      amendments thereto, have been re-executed and re-filed as of the date of this
      Amendment No. 4 on Form 10-KSB/A.





Except
      for the amendments described above, this Form 10-KSB/A does not modify or update
      other disclosures in, or exhibits to, the Original Filing or Amendment No.
      1,
      Amendment No. 2 and Amendment No. 3.







.


**PART
      III.**





**ITEM
      8A. CONTROLS AND PROCEDURES**





**Disclosure
      Controls and Procedures**





Disclosure
      controls and procedures are designed with the objective of ensuring that
      information required to be disclosed in our reports filed under the Securities
      Exchange Act of 1934, as amended (the “Exchange Act”), such as this annual
      report, is recorded, processed, summarized and reported within the time periods
      specified in the SEC’s rules and forms. Disclosure controls are also designed
      with the objective of ensuring that such information is accumulated and
      communicated to our management, including the Chief Executive Officer and Chief
      Financial Officer, as appropriate, to allow timely decisions regarding required
      disclosure. Internal controls are procedures that are designed with the
      objective of providing reasonable assurance that (1) our transactions are
      properly authorized, recorded and reported; and (2) our assets are safeguarded
      against unauthorized or improper use, to permit the preparation of our
      consolidated financial statements in conformity with United States generally
      accepted accounting principles.





As
      of the
      end of the period covered by this annual report, we carried out an evaluation
      of
      the effectiveness of the design and operation of our disclosure controls and
      procedures (as defined in Exchange Act Rule 13a-15(e) and 15d-15(e)). Based
      upon
      that evaluation and for the reasons stated below, our Chief Executive Officer
      and Chief Financial Officer concluded that, as of the end of the period covered
      by this annual report on Form 10-KSB, our disclosure controls and procedures
      were ineffective in timely alerting him to material information relating to
      First Transaction Management, Inc. required to be disclosed in our periodic
      reports filed with the SEC in that management failed to include its report
      on
      internal control over financial accounting in the Form 10-KSB annual report
      for
      the period ended December 31, 2007 filed with the SEC. We plan to implement
      changes in internal control over financial reporting during our fiscal year
      ending December 31, 2008 in order to mitigate the existing
      weakness.





**Management’s
      Report on Internal Control over Financial Reporting**





Our
      management is responsible for establishing and maintaining adequate internal
      control over financial reporting for our company as defined in rule 13a-15(f)
      under the Exchange Act. Internal control over financial reporting refers to
      a
      process designed by, or under the supervision of, our Chief Executive Officer
      and our Chief Financial Officer and effected by our Board, management and other
      personnel, to provide reasonable assurance regarding the reliability of
      financial reporting and the preparation of financial statements for external
      purposes in connection with accounting principles generally accepted in the
      United States of America, including those policies and procedures
      that:





-
            pertain
                to the maintenance of records that, 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 our receipts and expenditures 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 our assets that could
                have
                a material effect on our consolidated financial
                statements.









Because
      of its inherent limitations, internal control over financial reporting is not
      intended to provide absolute assurance of the prevention or detection of
      misstatements. In addition, projections of any evaluation of effectiveness
      to
      future periods are subject to risk that controls may become inadequate because
      of changes in conditions, or that the degree of compliance with the policies
      or
      procedures may deteriorate.





In
      connection with the preparation of this Annual Report on Form 10-KSB for the
      year ended December 31, 2007, our management, with the participation of our
      Chief Executive Officer and our Chief Financial Officer, evaluated the
      effectiveness of our internal controls over financial reporting, based on the
      criteria set forth by the Committee of Sponsoring Organizations of the Treadway
      Commission in Internal Control--Integrated Framework. Based on that assessment
      and those criteria, our management concluded that our internal control over
      financial reporting was effective as of December 31, 2007. There were no changes
      in our internal controls over financial reporting that occurred during the
      fourth fiscal quarter that have materially affected, or are reasonably likely
      to
      materially affect, our internal controls over financial reporting.





This
      Annual Report on Form 10-KSB does not include an attestation report of Colabella
      & Company, LLP, our independent registered public accounting firm, regarding
      internal control over financial reporting. Management’s report was not subject
      to attestation by our registered public accounting firm pursuant to temporary
      rules of the Securities and Exchange Commission that permit us to provide only
      management’s report in this Annual Report on Form 10-KSB.




**ITEM
      8B. OTHER INFORMATION**





None.










**SIGNATURES**





In
      accordance with the requirements of Section 13 or 15(d) of the Exchange Act,
      the
      registrant caused this Amendment No. 4 to Form 10-KSB/A to be signed on its
      behalf by the undersigned, thereunto duly authorized.


FIRST
              TRANSACTION
              MANAGEMENT, INCBy:
            /s/
              Lawrence
              ChimerineLawrence Chimerine, Chief Executive
              OfficerDate:
              September
              23, 2008







In
      accordance with the Exchange Act, this Amendment No. 4 to Form 10-KSB/A has
      been
      signed by the following persons on behalf of the registrant and in the
      capacities and on the dates indicated:




Date: September
              23, 2008
            By:
            /s/ Lawrence
              ChimerineLawrence Chimerine, Chairman and Chief
              Executive Officer


Date: September
              23, 2008
            By:
            /s/ Lawrence
              ChimerineLawrence Chimerine,
              Director