SECURITIES
      AND EXCHANGE COMMISSION


Washington,
      D.C. 20549


Form
      10-KSB





(Mark
      One)





ANNUAL
      REPORT UNDER 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 number


000-51906





SILICON
      SOUTH,
      INC.


(Name
      of small business issuer in its charter)





NEVADA                                                                           
      77-0458478


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




251
      Jeanell Dr., Suite 3,
      Carson City, NV 89703


(Address
      of principal
      executive offices)    (Zip Code)





Issuer’s
      telephone number 702-234-4148





Securities
      registered under Section 12(b) of the Exchange
      Act:                               None





Securities
      registered under Section 12(g) of the Exchange
      Act:                              Common
      Stock, $.001 par Value





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





Note–
Checking
      the box above
      will not relieve any registrant required to file reports pursuant to Section
      13
      or 15(d) of the Exchange Act from their obligations under those
      Sections.





SEC
                2337 (12-05)
            Persons
                who are to respond to
                the collection of information contained in this form are not required
                to
                respond unless the form displays a currently valid OMB control
                number.


1


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
      [xx
      ]    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 registrant’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.[ x ]





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





State
      issuer’s revenues for its most recent fiscal
      year:                                                                                                           
$-0-




State
      the
      aggregate market value of the voting and non-voting common equity held by
      non-affiliates computed by reference to the price at which the common equity
      was
      sold, or the average bid and asked price of such common equity, as of a
      specified date within the past 60 days. (See definition of affiliate in Rule
      12b-2 of the Exchange Act.)




Our
      common stock is listed on the Over the Counter Bulletin Board (“OTCBB”), under
      the symbol “SSOU.”  There was not an active market and no trading
      volume during fiscal 2007 and there has been no trading volume in 2008,
      therefore the aggregate market value of the issuer’s common stock held by
      non-affiliates at February 11, 2008 is deemed to be $-0-.





Note:
      If
      determining whether a person is an affiliate will involve an unreasonable effort
      and expense, the issuer may calculate the aggregate market value of the common
      equity held by non-affiliates on the basis of reasonable assumptions, if the
      assumptions are stated.





(ISSUERS
      INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)





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 REGISTRANTS)





State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of the latest practicable date.   7,315,500 shares of common
      stock,
      $.001 par value issued and outstanding as of February 11,
      2008.





DOCUMENTS
      INCORPORATED BY REFERENCE




If
      the
      following documents are incorporated by reference, briefly describe them and
      identify the part of the Form 10-KSB (e.g., Part I, Part II, etc.) into which
      the document is incorporated: (1) any annual report to security holders; (2)
      any
      proxy or information statement; and (3) any prospectus filed pursuant to Rule
      424(b) or (c) of the Securities Act of 1933 (“Securities Act”). The listed
      documents should be clearly described for identification purposes (e.g., annual
      report to security holders for fiscal year ended December 24,
      1990).





Transitional
      Small Business Disclosure Format (Check one): Yes ____; No xxx


2


PART
      I





Item
      1.                      
Description of Business.





Description
      of Business.





We
      were
      formed as a Nevada corporation on June 20, 1997 originally under the name
      California Seasons Franchise Corporation.  In September 1998 we
      changed our name to Silicon South, Inc. and began pursuing our current
      business.  We developed three proprietary electronic components that
      we attempted to manufacture and market.





In
      April
      2002, we ceased operations and have focused our efforts on seeking a business
      opportunity.  The Company will attempt to locate and negotiate with a
      business entity for the merger of that target company into the Company. In
      certain instances, a target company may wish to become a subsidiary of the
      Company or may wish to contribute assets to the Company rather than merge.
      No
      assurances can be given that the Company will be successful in locating or
      negotiating with any target company. The Company will provide a method for
      a
      foreign or domestic private company to become a reporting (“public”) company
      whose securities are qualified for trading in the United States secondary
      market.





The
      Company intends to seek, investigate, and if warranted, acquire an interest
      in a
      business opportunity.  We are not restricting our search to any
      particular industry or geographical area.  We may therefore engage in
      essentially any business in any industry.  Our management has
      unrestricted discretion in seeking and participating in a business opportunity,
      subject to the availability of such opportunities, economic conditions and
      other
      factors.





The
      selection of a business opportunity in which to participate is complex and
      extremely risky and will be made by management in the exercise of its business
      judgment.  There is no assurance that we will be able to identify and
      acquire any business opportunity which will ultimately prove to be beneficial
      to
      our company and shareholders.





Because
      we have no specific business plan or expertise, our activities are subject
      to
      several significant risks.  In particular, any business acquisition or
      participation we pursue will likely be based on the decision of management
      without the consent, vote, or approval of our shareholders.





Sources
      of Opportunities





We
      anticipate that business opportunities may arise from various sources, including
      officers and directors, professional advisers, securities broker-dealers,
      venture capitalists, members of the financial community, and others who may
      present unsolicited proposals.





We
      will
      seek potential business opportunities from all known sources, but will rely
      principally on the personal contacts of our officers and directors as well
      as
      indirect associations between them and other business and professional
      people.  Although we do not anticipate engaging professional firms
      specializing in business acquisitions or reorganizations, we may retain such
      firms if management deems it in our best interests.  In some
      instances, we may publish notices or advertisements seeking a potential business
      opportunity in financial or trade publications.





3


Criteria





We
      will
      not restrict our search to any particular business, industry or geographical
      location.  We may acquire a business opportunity in any stage of
      development.  This includes opportunities involving “start up” or new
      companies.  In seeking a business venture, management will base their
      decisions on the business objective of seeking long-term capital appreciation
      in
      the real value of our company.  We will not be controlled by an
      attempt to take advantage of an anticipated or perceived appeal of a specific
      industry, management group, or product.





In
      analyzing prospective business opportunities, management will consider the
      following factors:





·
            available
                technical, financial and managerial
                resources;


·
            working
                capital and other financial
                requirements;


·
            the
                history of operations, if any;


·
            prospects
                for the future;


·
            the
                nature of present and expected
                competition;


·
            the
                quality and experience of management services which may be available
                and
                the depth of the management;


·
            the
                potential for further research, development or
                exploration;


·
            the
                potential for growth and expansion;


·
            the
                potential for profit;


·
            the
                perceived public recognition or acceptance of products, services,
                trade or
                service marks, name identification; and other relevant
                factors.





Generally,
      our management will analyze all available factors and make a determination
      based
      upon a composite of available facts, without relying on any single
      factor.





Methods
      of Participation of Acquisition





Management
      will review specific businesses and then select the most suitable opportunities
      based on legal structure or method of participation.  Such structures
      and methods may include, but are not limited to, leases, purchase and sale
      agreements, licenses, joint ventures, other contractual arrangements, and may
      involve a reorganization, merger or consolidation
      transaction.  Management may act directly or indirectly through an
      interest in a partnership, corporation, or other form of
      organization.





Procedures





As
      part
      of the our investigation of business opportunities, officers and directors
      may
      meet personally with management and key personnel of the firm sponsoring the
      business opportunity.  We may visit and inspect material facilities,
      obtain independent analysis or verification of certain information provided,
      check references of management and key personnel, and conduct other reasonable
      measures.





We
      will
      generally ask to be provided with written materials regarding the business
      opportunity.  These materials may include the following:





·
            descriptions
                of product, service and company history; management
                resumes;


·
            financial
                information;


·
            available
                projections with related assumptions upon which they are
                based;


·
            an
                explanation of proprietary products and
                services;


·
            evidence
                of existing patents, trademarks or service marks or rights
                thereto;


·
            present
                and proposed forms of compensation to
                management;


·
            a
                description of transactions between the prospective entity and its
                affiliates;


·
            relevant
                analysis of risks and competitive
                conditions;


·
            a
                financial plan of operation and estimated capital
                requirements;


·
            and
                other information deemed relevant.


4





Competition





We
      expect
      to encounter substantial competition in our efforts to acquire a business
      opportunity.  The primary competition is from other companies
      organized and funded for similar purposes, small venture capital partnerships
      and corporations, small business investment companies and wealthy
      individuals.




Employees





We
      do not
      currently have any employees but rely upon the efforts of our officer and
      director to conduct our business.  We do not have any employment or
      compensation agreements in place with our officers and directors although they
      are reimbursed for expenditures advanced on our behalf.




Item
      2.                      
Description of Property.





We
      do not
      currently own any property.  We utilize office space in the residence
      of our President at no cost.  We will not seek independent office
      space until we pursue a viable business opportunity and recognize
      income.





Item
      3.                      
Legal Proceedings.





None.





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





None.





PART
      II





Item
      5.                      
Market for Common Equity and Related Stockholder Matters.





Our
      common stock is listed on the Over the Counter Bulletin Board (“OTCBB”), under
      the symbol “SSOU.”  There was not an active market and no trading
      volume during fiscal 2007 and there has been no trading volume in
      2008.  At December 31, 2007, the number of record holders of our
      Common Stock was 57. Total shares issued and outstanding were
      7,315,500.








CLOSING
                BID
            CLOSING
                ASK2007
            High
            Low
            High
            LowFeb.
                13 (first avail. Thru Mar. 30
            NONE
            NONE
            NONE
            NONEApr.
                2 Thru June 29
            1.01
            1.01
            NONE
            NONEJuly
                2 thru Sept. 28
            1.01
            1.01
            NONE
            NONEOct.
                1 thru Dec. 31
            1.01
            1.01
            NONE
            NONE





We
      have
      not paid, nor declared, any dividends since our inception and do not intend
      to
      declare any such dividends in the foreseeable future. Our ability to pay
      dividends is subject to limitations imposed by Nevada law. Under Nevada law,
      dividends may be paid to the extent that a corporation’s assets exceed its
      liabilities and it is able to pay its debts as they become due in the usual
      course of business.


5





Item
      6.                      
Management’s Discussion and Analysis or Plan of Operation.





Forward
      Looking
      Statements





This
      report contains certain
      forward-looking statements as defined by the Securities Act of 1933 and the
      Securities Exchange Act of 1934.  Ventures-United, Inc. cautions readers
      that expressions of future goals and similar expressions reflecting something
      other than historical fact are intended to identify forward-looking statements.
       Words such as “May,” “Will,” “Expect,” “Believe,” “Anticipate,” “Intend,”
and comparable terminology are intended to identify forward-looking statements
      but are not the exclusive means of identifying such statements.  These
      forward-looking statements involve a number of risks and uncertainties that
      could cause actual results to differ materially from those currently anticipated
      or discussed in this report.  Factors that may affect our results include,
      but are not limited to, market acceptance of our products and technologies,
      our
      ability to secure financing, potential competition from other companies with
      greater technical and marketing resources, and other factors described in our
      filings with the Securities and Exchange Commission.





Plan
      of Operation





The
      Company had no operations and generated no revenue for the years ended December
      31, 2006 and 2007. The Company’s plan is to seek a business venture in which to
      participate. The selection of a business opportunity in which to participate
      is
      complex and extremely risky and will be made by management in the exercise
      of
      its business judgment. There is no assurance that the Company will be able
      to
      identify and acquire any business opportunity that will ultimately prove to
      be
      beneficial to the Company and its shareholders.





The
      Company is pursuing its search for a business opportunity primarily through
      its
      officers and directors, although other sources, such as professional advisors,
      securities broker-dealers, venture capitalists, members of the financial
      community, and others, may present unsolicited proposals.





The
      activities of the Company are subject to several significant risks that arise
      primarily as a result of the fact that the Company has no specific business
      and
      may acquire or participate in a business opportunity based on the decision
      of
      management which will, in all probability, act without the consent, vote, or
      approval of the Company’s shareholders. A description of the manner in which the
      Company will pursue the search for and participation in a business venture
      is
      described above.





Although
      the Company has no operations, it does incur expenses in connection with
      complying with reporting requirements under the Securities Exchange Act of
      1934.
      General and administrative expenses for the fiscal years ended December 31,
      2007
      and 2006 were $11,616 and $26,711 respectively. Interest expense to related
      party was $8,288 for the fiscal year ended December 31, 2007 and $6,870 for
      the
      fiscal year ended December 31, 2006.  The Company owed $800 for state
      corporate tax expense in 2007 and 2006.  Net loss for the fiscal year
      ended December 31, 2007 was $20,249 compared to $34,381 for the same period
      in
      2006.  Expenses consisted of professional fees and expenses incurred
      to prepare financial statements and periodic reports filed by the Company with
      the Securities and Exchange Commission. Funds required to pay these expenses
      were obtained through loans from various sources.





The
      Company does not expect to generate any meaningful revenue unless and until
      it
      acquires an interest in an operating business.


6





Liquidity
      and Capital
      Resources





As
      of
      December 31, 2007, the Company had $60 in cash and no other
      assets.  Liabilities were $120,977 as of December 31, 2007 and
      consisted of $2,773 in accounts payable, $34,944 in accrued interest, $4,800
      in
      state corporate tax payable and $78,460 in notes payable to related
      parties.  Further, management will attempt to raise capital for its
      current operational needs through loans from related parties, debt financing,
      equity financing or a combination of financing options. However, there are
      no
      existing understandings, commitments or agreements for extension of outstanding
      notes or an infusion of capital, and there are no assurances to that effect.
      Moreover, the Company’s need for capital may change dramatically if and during
      that period, it acquires an interest in a business opportunity. Unless the
      Company can obtain additional financing, its ability to continue as a going
      concern is doubtful.





Recent
      Changes in
      Securities





None.





Item
      7. Financial Statements





The
      financial statements of the Company appear at the end of this report beginning
      with the Index to Financial Statements on page 12.





Item
      8A(T). Controls and Procedures.




(a)Evaluation
        of
        Disclosure Controls and Procedures.Our management, with
        the
        participation of our President, evaluated the effectiveness of our disclosure
        controls and procedures as of the end of the period covered by this report.
        Based on that evaluation, our President concluded that our disclosure controls
        and procedures as of the end of the period covered by this report were 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
        President, as appropriate to allow timely decisions regarding disclosure.
        A
        controls system cannot provide absolute assurance, however, that the objectives
        of the controls system are met, and no evaluation of controls can provide
        absolute assurance that all control issues and instances of fraud, if any,
        within a company have been detected.
  Management’s
        Annual
        Report on Internal Control over Financial Reporting.Our management 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 theUnited States.
 7




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, with the participation
      of the President, 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 criteria set forth by the Committee of
      Sponsoring Organizations of the Treadway Commission (COSO) in Internal
      Control — Integrated Framework.  Based on this evaluation, our
      management, with the participation of the President, concluded that, as of
      December 31, 2007, our internal control over financial reporting was
      effective.




(b)Changes
      in Internal Control over
      Financial Reporting.  There were no changes in the Company's
      internal controls over financial reporting, known to the chief executive officer
      or the chief financial officer, that occurred during the period covered by
      this
      report that has materially affected, or is reasonably likely to materially
      affect, the Company's internal control over financial reporting.




Item
      8B.  Other Information




There
      are
      no further disclosures. No information was required to be disclosed in a Form
      8-K during the fourth quarter, 2007.




PART
      III





Item
      9.                      
Directors, Executive Officers, Promoters and Control Persons; Compliance With
      Section16(a) of the Exchange Act.





The
      following table sets forth the name, age, and position of each officer and
      director of the Company.  All directors hold office until the next
      annual meeting of stockholders or until their successors are duly elected and
      qualified. Officers serve at the discretion of the Board of
      Directors.





The
      Company has no audit committee financial expert, as defined under Section
      228.401, serving on its audit committee because it has no audit committee and
      is
      not required to have an audit committee because it is not a listed security
      as
      defined in Section 240.10A-3.





The
      following table sets forth as of February 11, 2008, the name, age, and position
      of each executive officer and director and the term of office of each director
      of the Corporation.





Name
            Age
            Position
            Director
                or Officer
                Since





Zagros
      Shahvaran                                               33           
Sole officer and
      Director                     November,
      2005





All
      officers hold their positions at the will of the Board of
      Directors.  All directors hold their positions for one year or until
      their successors are elected and qualified.





Set
      forth
      below is certain biographical information regarding the Company’s executive
      officer and director:





Zagros
      Shahvaran. Mr.
      Shahvaran  has served as an officer and director of Lucy's Cafe, Inc.,
      a public company, from  inception in 2000 till March of
      2005.  Mr. Shahvaran attended MTI Business College in Sacramento,
      California, where  he majored computer science.  From May
      1997 to April 2001, he worked as a business advisor and consultant with Monterey
      Ventures, Inc.  From April of 1996 to the present
      Mr.  Shahvaran  has  provided  consulting  services  for
      small
      businesses  focusing  on  business  plan  development,  computer  technology
      and account  management.


8




Section
      16(a) Filing Compliance




Section
      16(a) of the Securities Exchange Act of 1934 requires officers and directors
      of
      the Company and persons who own more than ten percent of a registered class
      of
      its equity securities to file reports of ownership and changes in their
      ownership on Forms 3, 4, and 5 with the Securities and Exchange Commission,
      and
      forward copies of such filings to the Company. Based on the copies of filings
      received by the Company during the most recent fiscal year the directors,
      officers, and beneficial owners of more than ten percent of the equity
      securities of the Company registered pursuant to Section 12 of the Exchange
      Act
      have filed on a timely basis all required Forms 3, 4, and 5 and any amendments
      thereto.




Item
      10. Executive Compensation Discussion and Analysis





Our
      sole
      officer and director does not receive any compensation for services rendered,
      have not received such compensation in the past, and are not accruing any
      compensation pursuant to any agreement with our Company.  Our officer
      and director is reimbursed for expenses incurred on our behalf.  Our
      officer and director will not receive any finder’s fee as a result of their
      efforts to implement the business plan outlined herein.  However, our
      officer and director anticipates receiving benefits as beneficial shareholders
      of our common stock.




We
      have
      not adopted any retirement, pension, profit sharing, stock option or insurance
      programs or other similar programs for the benefit of our
      employees.





Compensation
      of Directors





None.





Employment
      Contracts and Termination of Employment and Change in Control
      Arrangement





There
      are
      no employment contracts between the Company and any of its officers or
      directors.





There
      are
      no compensatory plans or arrangements, including payments to be received from
      the Company, with respect to any person named in Cash Compensation set out
      above
      which would in any way result in payments to any such person’s employment with
      the Company or any change in control of the Company, or a change in the person’s
      responsibilities following a change in control of the Company.





The
      officer and director of the Company will not receive any finder's fee from
      the
      Company as a result of his efforts to implement the Company's business plan
      outlined herein. However, the officer and director of the Company anticipates
      receiving benefits as a beneficial shareholder of the Company.





No
      retirement, pension, profit sharing, or insurance programs or other similar
      programs have been adopted by the Company for the benefit of its
      employees.


9





Item
      11.  Security Ownership of Certain Beneficial Owners and Management
      and Related Stockholder Matters.





The
      following table sets forth as of February 11, 2008, the name and the number
      of
      shares of the Registrant’s Common Stock, par value, $0.001 per share, held of
      record or beneficially by each person who held of record, or was known by the
      Registrant to own beneficially, more than 5% of the 7,315,500 issued and
      outstanding shares of the Registrant’s Common Stock, and the name and
      shareholdings of each director and of all officers and directors as a
      group.





Title
                of
            Name
                and Address of
            Amount
                and Nature of
            Percentage
                of
                Class


Class
            Beneficial
                Owner
            Beneficial
                Ownership





Common                      
Zagros Shahvaran
      (1)                                    5,600,000                                                      
76.5%


4302 Hollow Road


Logan, UT  84321





Total
      Officers and Directors


As
      a
      Group (1
      Person)                                                                                                       
5,600,000                                                       
76.5%








(1)
      Officer and/or director.





There
      are
      no contracts or other arrangements that could result in a change of control
      of
      the Company.





Item
      12.  Certain Relationships and Related Transactions.





Our
      policy is that a contract or transaction either between the Company and a
      director, or between a director and another company in which he is financially
      interested is not necessarily void or voidable if the relationship or interest
      is disclosed or known to the board of directors and the stockholders are
      entitled to vote on the issue, or if it is fair and reasonable to our
      company.





At
      various times during the previous years, the Company had found it necessary
      to
      borrow funds from its shareholders to fund the Company.  These notes
      are due and payable on December 31, 2009 and carry an interest rate of
      12%.  The total outstanding as of December 31, 2007 and 2006 was
      $78,460 and $65,006 respectively.





Item
      13.  Exhibits.





Exhibit
      #                                
Title                                                                                                               
Location





3.1                        
      Articles of
      Incorporation                                                                                                
*





3.1a                      
      Amendment to Articles of
      Incorporation                                                                      *





3.2                        
      Bylaws                                                                                                                                *





31                         
      Certification of the Principal Executive Officer
      and                                                      Attached


Principal
      Financial Officer pursuant to


Section
      302 of the Sarbanes-Oxley Act of 2002





32                         
      Certification of the Principal Executive Officer
      and                                                     
Attached


Principal
      Financial Officer pursuant to


U.S.C.
      Section 1350 as adopted pursuant to Section 906 of the


Sarbanes-Oxley
      Act of 2002**





*           
      Incorporated by reference. Filed
      as exhibit to Form 10-KSB filed April 7, 2006




10




Item
      14.  Principal Accountant Fees and Services.





Audit
      Fee




The
      aggregate fees billed for each of the last two fiscal years for professional
      services rendered by the principal accountant for the audit of the Company’s
      annual financial statement and review of financial statements included in the
      Company’s 10-QSB reports and services normally provided by the accountant in
      connection with statutory and regulatory filings or engagements
      were $10,500 for fiscal year ended 2007 and $6,360 for fiscal year ended
      2006.




Audit-Related
      Fees




There
      were no fees for other audit related services for fiscal years ended 2005 and
      2006.




Tax
      Fees




Fees
      for
      tax compliance, tax advice and tax planning for the fiscal year 2007 was $250
      and $250 for 2006.




All
      Other
      Fees




There
      were no other aggregate fees billed in either of the last two fiscal years
      for
      products and services provided by the principal accountant, other than the
      services reported above.




We
      do not
      have an audit committee currently serving and as a result our board of directors
      performs the duties of an audit committee.  Our board of directors
      will evaluate and approve in advance, the scope and cost of the engagement
      of an
      auditor before the auditor renders audit and non-audit services.  We
      do not rely on pre-approval policies and procedures.




SIGNATURES





In
      accordance with Section 13 or 15(d)
      of the Exchange Act, the registrant caused this report to be signed on its
      behalf by the undersigned, thereunto duly authorized.





SILICON
      SOUTH, INC.





Date:
      February 13, 2008


/s/
      Zagros Shahvaran


PrinciaplExecutive
      Officerand


PrincipalFinancial
      Officer





In
      accordance with the Exchange Act,
      this report has been signed below by the following persons on behalf of the
      registrant and in the capacities and on the dates indicated.








By: /s/ Zagros
      Shahvaran, Sole Director


Date:
      February 13, 2008


11






INDEX
      TO THE FINANCIAL
      STATEMENTS








Report
      of Independent
      Registered Public Accounting
      Firm                                             Page 
13




Balance
      Sheet - December
      31, 2007 and
      2007                                                                        Page
      14




Statement
        of Operations -
 For
        the year ending December 31, 2007 and
        2006                                                               
 Page 15


Statement
        of Shareholders' Deficit -
 December
        31, 2007 and
        2006                                                                                                
   Page 16
  Statement
          of Cash Flows-Indirect Method
 For
          the year ending December 31, 2007 and
          2006                                                                
Page 17


12


















To
      the Board of Directors and Shareholders




Silicon
      South, Inc


San
      Diego, California





Report
      of Independent Registered Public Accounting Firm





I
      have
      audited the balance sheets of Silicon South, Inc. as of December 31, 2007 and
      2006 and the related statements of operations, stockholders’ equity and cash
      flows for the years ending December 31, 2007 and 2006.  These
      financial statements are the responsibility of the Company’s management. My
      responsibility is to express an opinion on these financial statements based
      on
      my audit.




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





In
      my
      opinion, the financial statements referred to above present fairly, in all
      material respects, the financial position of Silicon South, Inc as of December
      31, 2007 and 2006, the results of operations and it’s cash flows for the years
      ended December 31, 2007 and 2006 in conformity with generally accepted
      accounting principles in the United States of America.





The
      accompanying financial statements have been prepared assuming the Company will
      continue as a going concern.  As discussed in Note 6 to the financial
      statements, the Company has incurred net losses since inception, which raise
      substantial doubt about its ability to continue as a going
      concern.  The financial statements do not include any adjustment that
      might result from the outcome of this uncertainty.














January
      12, 2008


Los
      Angeles, CA





13


SILICON
      SOUTH, INCORPORATED


BALANCE
      SHEET


December
      31, 2007 and 2006





ASSETS
            
            
            
            
            2007
            2006Current
                assetsCash
                in bank
            
            
            
            $
            60
            $
            114Deposits
                on handInventoryTotal
                current assets
            
            
            
            60
            
            114Total
                assets
            
            
            $
            60
            $
            114LIABILITIES
                AND SHAREHOLDERS' EQUITYCurrent
                liabilitiesAccounts
                payable
            
            
            
            $
            2,773
            $
            5,120Accrued
                interest
            
            
            
            
            34,944
            
            26,656State
                corporate tax payable
            
            
            
            4,800
            
            4,000Total
                current liabilities
            
            
            42,517
            
            35,776Notes
                payable related parties
            
            
            
            78,460
            
            65,006Total
                liabilities
            
            
            
            120,977
            
            100,782Shareholders'
                deficitCommon
                stock, 50,000,000 sharesauthorized,
                7,315,500 outstanding
            
            
            7,315
            
            7,315Paid
                in capital
            
            
            
            
            140,785
            
            140,785Retained
                deficit
            
            
            
            
            (269,017)
            
            (269,017)Total
                shareholders' equity
            
            
            (120,917)
            
            (120,917)Total
                liabilities and shareholders' equity
            
            $
            60
            $
            (20,135)








The
      accompanying notes are an integral part of these financial
      statements




14


SILICON
      SOUTH, INCORPORATED


STATEMENT
      OF OPERATIONS


For
      the year ending December 31, 2007 and 2006








2007
            2006Sales
            
            
            
            
            $
            0
            $
            0Cost
                of Goods
            
            
            
            0
            
            0Gross
                profit
            
            
            
            
            0
            
            0ExpensesBank
                charges
            
            
            
            84
            
            138Professional
                fees
            
            
            
            11,077
            
            26,573Total
                expenses
            
            
            11,161
            
            26,711Net
                loss from operations
            
            
            (11,161)
            
            (26,711)Other
                income (expense)Loss
                on sale
            
            
            
            0
            
            0Interest
                expense
            
            
            
            (8,288)
            
            (6,870)State
                corporate tax expense
            
            
            (800)
            
            (800)Total
                other income (expense)
            
            
            (9,088)
            
            (7,670)Net
                income (loss)
            
            $
            (20,249)
            $
            (34,381)Loss
                per common share
            
            $
            (0.01)
            $
            (0.01)Weighted
                average ofshares
                outstanding
            
            
            
            7,315,500
            
            7,315,500













The
      accompanying notes are an integral part of these financial
      statements




15


SILICON
      SOUTH, INCORPORATED


STATEMENT
      OF SHAREHOLDERS' DEFICIT


December
      31, 2007 and 2006





Common
                stock
            
            PaidIn
            
            RetainedShares
            
            Amount
            
            Capital
            
            Deficit
            
            TotalDecember
                31, 2005
            
            7,315,500
            $
            7,315
            $
            140,785
            $
            (214,387)
            $
            (66,287)Return
                of stock for assetsNet
                loss for period
            
            
            
            
            
            
            
            (34,381)
            
            (34,381)December
                31, 2005
            
            7,315,500
            $
            7,315
            $
            140,785
            $
            (248,768)
            $
            (100,668)December
                31, 2005
            
            7,315,500
            $
            7,315
            $
            140,785
            $
            (248,768)
            $
            (100,668)Net
                loss for period
            
            
            
            
            
            
            
            (20,249)
            
            (20,249)7,315,500
            $
            7,315
            $
            140,785
            $
            (269,017)
            $
            (120,917)














The
      accompanying notes are an integral part of these financial
      statements




16


SILICON
      SOUTH, INCORPORATED


STATEMENT
      OF CASH FLOWS-INDIRECT METHOD


For
      the year ending December 31, 2007 and 2006








2006
            2005CASH
                FLOWS FROMOPERATING
                ACTIVITIESNet
                income (loss)
            
            
            
            $
            (20,249)
            $
            (34,381)Adjustment
                to reconcile net to net cashprovided
                by operating activitiesIncrease
                in accrued interest
            
            
            8,288
            
            6,870Increase
                in state franchise tax
            
            
            800
            
            800Loss
                on transfer of assets
            
            
            
            
            
            0Increase
                in accounts payable
            
            
            (2,347)
            
            5,120Increase
                (Decrease)of deposits on hand
            
            0
            
            5,600NET
                CASH PROVIDEDBY
                OPERATING ACTIVITIES
            
            
            (13,508)
            
            (15,991)INVESTING
                ACTIVITIESAssets
                transferred
            
            
            
            0
            
            0NET
                CASH USED ININVESTING
                ACTIVITIES
            
            
            
            
            
            0FINANCING
                ACTIVITIESSale
                of common stock
            
            
            
            
            
            0Borrowings
                from shareholder
            
            
            13,454
            
            16,105NET
                CASH REALIZEDFROM
                FINANCING ACTIVITIES
            
            
            13,454
            
            16,105INCREASE
                IN CASHAND
                CASH EQUIVALENTS
            
            
            (54)
            
            114Cash
                and cash equivalentsat
                the beginning of the year
            
            
            
            114
            
            0CASH
                AND CASH EQUIVALENTSAT
                YEAR END
            
            
            
            $
            60
            $
            114







The
      accompanying notes are an integral part of these financial
      statements


17


SILICON
      SOUTH, INC


Notes
      to Financial Statements


December
      31, 2007 and 2006








NOTE
      1:                      
SUMMARY OF SIGNIFICANT
      ACCOUNTING POLICIES





Nature
      of the
      business– The Company was incorporated under the laws of the State of
      Nevada on June 20, 1997. The Company for the past several years has had no
      activity.  Silicon South, Inc (the “Company) is a shell entity that is
      in the market for a merger with an appropriate company.





Pervasiveness
      of
      estimates– The preparation of financial statements in conformity with
      generally accepted accounting principles requires management to make estimates
      and assumptions that affect the reported amounts of assets, liabilities and
      disclosure of contingent assets and liabilities at the date of the financial
      statements and the reported amounts of revenues and expenses during the
      reporting period.  Actual results could differ from these
      estimates.





Cash
      and cash
      equivalents– For financial statement presentation purposes, the Company
      considers all short term investments with a maturity date of three months or
      less to be cash equivalents.





Inventories–
      Inventory, which includes parts and the packaging materials for those parts,
      is
      valued at the lower of cost or market on a first in first out
      method.





Property
      and
      equipment– Property and equipment are recorded at
      cost.  Maintenance and repairs are expensed as incurred; major
      renewals and betterments are capitalized.  When items of property or
      equipment are sold or retired, the related costs and accumulated depreciation
      are removed from the accounts and any gain or loss is included in
      income.





Depreciation
      is provided using the straight-line method, over the useful lives of the
      assets.  Since the company has yet to commence operations, no
      depreciation has been taken.  Equipment consists of moldings being
      developed.





Income
      taxes– Income
      taxes are provided for the tax effects of transactions reported in the financial
      statements and consist of taxes currently due plus deferred taxes related
      primarily to differences between the recorded book basis and the tax basis
      of
      assets and liabilities for financial and income tax reporting.


18








SILICON
      SOUTH, INC


Notes
      to Financial Statements


December
      31, 2007 and 2006








The
      deferred tax assets and liabilities represent the future tax return consequences
      of those differences, which will either be taxable or deductible when the assets
      and liabilities are recovered
      or settled.  Deferred taxes are also recognized for operating losses
      that are available to offset future taxable income.




Recent
      Accounting
      Pronouncements - The following accounting pronouncements if implemented
      would have no effect on the financial statements of the Company.


In
      June
      2006, the Financial Accounting Standards Board issued FASB Interpretation
      No. 48,Accounting for
      Uncertainty in Income Taxes, an interpretation of FASB Statement
      No. 109  (“FIN 48”). FIN 48 clarifies the accounting for
      uncertainty in income taxes recognized in an enterprise’s financial statements
      in accordance with FASB Statement No. 109,Accounting for Income
      Taxes.  FIN 48 describes a recognition threshold and measurement
      attribute for the financial statement recognition and measurement of a tax
      position taken or expected to be taken in a tax return and also provides
      guidance on derecognition, classification, interest and penalties, accounting
      in
      interim periods, disclosure and transition. FIN 48 will be effective for the
      Company in fiscal 2008.  The Company has not yet determined the impact of
      this new accounting interpretation on its financial statements.




In
      September 2006, the Securities and Exchange Commission (“SEC”) issued Staff
      Accounting Bulletin No. 108 (“SAB 108”). Due to diversity in practice among
      registrants, SAB 108 expresses SEC staff views regarding the process by which
      misstatements in financial statements are evaluated for purposes of determining
      whether financial statement restatement is necessary. SAB 108 requires
      registrants to quantify misstatements using both the balance sheet and income
      statement approaches and to evaluate whether either approach results in
      quantifying an error that is material in light of relative quantitative and
      qualitative factors. SAB 108 is effective for fiscal years ending after November
      15, 2006, and early application is encouraged. The Company does not believe
      SAB
      108 will have a material impact on the Company’s results from operations or
      financial position.




In
      September 2006, the FASB issued Statement of Financial Accounting Standards
      No.
      157, “Fair Value
      Measurements” (“SFAS No. 157”). SFAS No. 157 provides guidance for using
      fair value to measure assets and liabilities. This standard also responds to
      investors’ requests for expanded information about the extent to which companies
      measure assets and liabilities at fair value, the information used to measure
      fair value and the effect of fair value measurements on earnings.


19




SILICON
      SOUTH, INC


Notes
      to Financial Statements


December
      31, 2007 and 2006







SFAS
      No.
      157 applies whenever other standards require (or permit) assets or liabilities
      to be measured at fair value. The standard does not expand the use of fair
      value
      in any new circumstances. SFAS No. 157 is effective for financial statements
      issued for fiscal years beginning after November 15, 2007, and interim periods
      within those fiscal years; therefore, the Company expects to adopt SFAS No.
      157
      at the beginning of fiscal 2009. The Company does not believe SFAS No. 157
      will
      have a material impact on the Company’s results from operations or financial
      position.




FASB
      154
      issued in May 2005 pertains accounting changes and error
      corrections.  None exist for the Company.





NOTE
      2:                  COMMON
      STOCK





The
      Company in November 2005  sold its’ inventory and assets to the
      majority shareholder in exchange for his surrendering 2,400,000 shares of the
      Company’s stock.  This transaction resulted in a loss on the exchange
      of the assets of $2,651. The shareholder was the only officer of the Company
      and
      he resigned from the board and vacated his office.





In
      November 2005, the Company sold 5,600,000 shares of stock for $5,600 to the
      new
      office of the corporation.  As of the end of the year the funds had
      not been deposited into the Company’s bank account that had yet to be opened at
      year end.





There
      were no equity or stock transactions for the period ending December 31,
      2006.





NOTE
      3:                  NOTES
      PAYABLE RELATED PARTIES





At
      various times during the previous years, the Company had found it necessary
      to
      borrow funds from its shareholders to fund the Company.  These notes
      are due and payable on December 31, 2009 and carry an interest rate of
      12%.  The total outstanding as of December 31, 2007 and 2006 was
      $78,460 and $65,006.


20




SILICON
      SOUTH, INC


Notes
      to Financial Statements


December
      31, 2007 and 2006








NOTE
      4:                  INCOME
      TAXES





The
      benefit for income taxes from operations consisted of the following components:
      current tax benefit of $80,000 resulting from a net loss before income taxes,
      and a deferred tax expense of $80,000 resulting from a valuation allowance
      recorded against the deferred tax asset resulting from net operating
      losses.  Net operating loss carryforward will expire in 2014 2024 and
      2025.





The
      valuation allowance will be evaluated at the end of each year, considering
      positive and negative evidence about whether the asset will be
      realized.  At that time, the allowance will either be increased or
      reduced; reduction would result in the complete elimination of the allowance
      if
      positive evidence indicates that the value of the deferred tax asset is no
      longer required.





Management
      believes it is more likely than not that the benefit from the operating losses
      will not be realized and as such no asset has been realized.


21