SECURITIES
      AND EXCHANGE COMMISSION


Washington,
      DC  20549




FORM
      10-KSB




ANNUAL
      REPORT UNDER SECTION 13 OR 15(D) OF THE




SECURITIES
      EXCHANGE ACT OF 1934 (FEE REQUIRED)




For
      the
      fiscal year ended April 30, 2007




Commission
      File No. 1-5926




MILLER
                  INDUSTRIES, INC.(Name
                    of Small Business Issuer in its Charter)
  Florida
              
              59-0996356(State
                    or Other Jurisdiction of
                (Incorporation
                    or Organization)
              
              (I.R.S.
                    Employer
                Identification
                    No.)16295
                    N.W. 13th
                    Ave., Miami,  Florida  33169(Address
                    of Principal Executive Offices)(305)
                    621-0501(Issuer's
                    Telephone Number, Including Area
                    Code)





Securities
        registered under Section
        12(b)


of
        the Exchange Act:
        None


Securities
        registered under Section
        12(g) of the Exchange Act:





Common
                  Stock, $.05 Par Value(Title
                  of Class)





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 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 past 90 days. Yes No
      X




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 the definitive proxy or information
      statement incorporated by reference in Part III of this Form 10-KSB or any
      amendment to this Form 10-KSB.    ̈





State
        issuer's revenues for its most recent fiscal
        year:  $553,027.


As
      of
      April 30, 2007, the registrant had 2,982,662 outstanding shares of common stock,
      $.05 par value.





The
      aggregate market value of the common stock of the registrant held by
      non-affiliates (based on the average of the closing bid and asked prices of
      the
      common stock in the over-the-counter market as of January 14, 2008) was
      approximately $194,000.





-1-


PART
      I


FORWARD
      LOOKING STATEMENTS




This
      Form 10-KSB contains "forward looking statements" within the meaning of the
      Private Securities Litigation Reform Act of 1995.  Such forward
      looking statements represent the Company's expectations and beliefs including,
      but not limited to, statements concerning the Company's operations, performance,
      financial condition, growth or strategies.  For this purpose, any
      statements contained in this Form 10-KSB that are not statements of historical
      fact may be deemed to be forward looking statements.  Without limiting
      the generality of the foregoing, words such as  "may," "will,"
      "expect," "believe," "estimate," "anticipate" or "continue" or the negative
      or
      other variations thereof or comparable terminology are intended to identify
      forward looking statements.  The statements by their nature involve
      substantial risks and uncertainties, certain of which are beyond the Company's
      control, and actual results may differ materially depending on a variety of
      important factors, including but not limited to the potential impact of changes
      in interest rates, competition, credit risks and collateral, changes in local
      or
      regional economic conditions, the ability of the Company to continue its growth
      strategy, dependence on management and key personnel, and regulatory
      supervision.




ITEM
      1.                      
BUSINESS




General




Miller
      Industries, Inc. (the "Company") was incorporated under the laws of the State
      of
      Florida on January 21, 1963. The administrative offices of the Company are
      located at 16295 N.W. 13th Avenue, Miami, Florida 33169, and its telephone
      number is (305) 621-0501.




The
      Company's principal business is the ownership and management of a 98,000 square
      feet warehouse located in Miami, Florida.  The Company's plan is to
      acquire other income-generating properties.  The Company's president,
      Angelo Napolitano, has extensive experience in the real estate industry, and
      believes that he can provide the Company with the expertise to locate, acquire
      and manage attractive properties.  The Company hopes to finance the
      acquisition of properties through a combination of debt from third parties
      (including outside lenders and seller financing) and issuance of equity
      securities.




Employees




The
      Company had no employees during the 2007 and 2006 fiscal years.




The
      Company utilizes an independent contractor to perform administrative and
      bookkeeping services.




-2-


ITEM
      2.                      
PROPERTIES




Description
      of
      Warehouse




The
      Company owns a one-story concrete block building located at 16295 N.W. 13th
      Avenue, Miami, Florida. This facility consists of 97,813 square feet, 7,000
      of
      which is air-conditioned.  The building is zoned for use as a
      warehouse or light manufacturing facility.  The building has a
      relatively low ceiling, which has adversely affected leasing
      efforts.




Financing




At
      April
      30, 2007, the building was subject to an outstanding first mortgage in favor
      of
      a commercial bank with a principal balance of approximately
      $1,492,000.  The loan accrues interest at prime less 1/2% and is
      payable in monthly installments of $13,009, with a balloon payment of $1,382,000
      due October 2009.  The loan is secured by the Company's land and
      building and a partial guarantee of the Company's president.




Leasing
      Activities




The
      Company continues to seek long term commercial tenants for its
      building.  The building is located in an industrial park which
      contains many similar facilities.  Current rents for such facilities
      range from approximately $5.00 per square foot to approximately $7.50 per square
      foot and the occupancy rate in the area is approximately 80%.




During
      2007, the Company leased its building to four tenants.  As of April
      30, 2007, the future minimum rental income under these leases, excluding cost
      of
      living adjustments, was as follows:




2008
            
            $
            479,2752009
            
            $
            479,2752010
            
            $
            364,378Thereafter
            
            $
            95,068





Insurance,
      Depreciation and
      Taxes




The
      Company believes that the building is adequately
      insured.  Depreciation is determined using the straight-line method
      over five to 31.5 years for tax purposes and 5 to 30 years for accounting
      purposes.  Real estate taxes paid for calendar year 2007 were
      approximately $90,000.




-3-


Business
      Plan




The
      Company's current business plan is to make strategic investments in commercial
      real estate.  At the present time, the Company has not developed any
      specific investment policy with regard to its proposed real estate
      activities.  Accordingly, the Company has not established any
      limitations in the percentage of assets which may be invested in any one
      investment or type of investments.  The Company generally intends to
      seek real estate assets for income-generation purposes rather than capital
      gains.  The Company has not developed any particular criteria for the
      types of real estate in which it may invest.  Accordingly, the Company
      may invest in office and apartment buildings, shopping centers, industrial
      and
      commercial properties, special purpose buildings and undeveloped
      acreage.  The Company believes that any such acquisitions will occur
      in South Florida.  The Company hopes to finance the acquisition of
      properties through a combination of financing from third parties, financing
      from
      the seller and issuance of equity securities of the Company.  The
      Company may also invest in real estate through partnerships or other similar
      vehicles.  There can be no assurance that any of these plans will be
      realized.




ITEM
      3.                      
LEGAL PROCEEDINGS




Seaboard
      Chemical
      Corporation




In
      late
      1991, the Company was identified by the North Carolina Department of
      Environment, Health, and Natural Resources ("DEHNR") as a member of a large
      group of companies who had shipped hazardous waste to a disposal site owner
      and
      operated by Seaboard Chemical Corporation ("Seaboard").  Accordingly,
      DEHNR issued a Notice of Responsibility to advise the Company of its liability
      as a potentially responsible party ("PRP") with respect to the
      site.




Seaboard
      had operated the site in Jamestown, North Carolina for the storage, treatment
      and disposal of hazardous waste materials for the period from 1976 to
      1989.  Operations at the site ceased in 1989 when Seaboard declared
      bankruptcy.  Beginning in 1990, the bankruptcy trustee for Seaboard
      attempted to close the site in accordance with the terms of the Resource
      Conservation and Recovery Act ("RCRA").  However, insufficient funds
      were available to allow the trustee to complete this work.  As a
      result, the Federal Environmental Protection Agency (the "EPA") and the DEHNR
      advised the trustee that if the clean up work were not completed, either one
      or
      both of the agencies would complete the work and would sue the responsible
      parties to recover the costs involved.  To avoid the possibility of
      this lawsuit, in October 1991, the Company entered into an agreement with other
      responsible parties to form a group to complete the site clean up
      work.  Over the next two years, the necessary steps were taken to
      complete the clean up of the surface contamination of the site.  In
      1994, the Company joined a group to complete the groundwater clean up ("Phase
      II").  Phase II was to begin as soon as a satisfactory plan was
      approved by the concerned authorities.  To date, the Company has been
      required to expend only $1,200 on this matter.  Therefore, no accrual
      has been made for further costs to this point.  No determination of
      the estimated additional expenditures has been furnished to the group
      members.




Gold
      Coast
      Oil




In
      1981,
      the Company was named by the U.S. Environmental Protection Agency ("EPA") as
      one
      of many potential PRPs with respect to chemical pollution discovered at a site
      known as "Gold Coast Oil."




-4-


In
      1988,
      a settlement was negotiated between the EPA and certain PRPs including the
      Company, which resulted in a settlement of the EPA claim.  The PRPs
      subsequently negotiated a settlement among themselves in which the Company
      agreed to pay $50,000 of the anticipated clean up costs.  The
      Company's insurance carrier at the time of the alleged violations agreed to
      pay
      $45,000 of this amount in return for a release from any future additional
      claims.




In
      January 1993, it was determined that additional funds would be required to
      complete the clean up of the Gold Coast Oil site.  The Company
      received an assessment of $10,000 for this obligation and has included such
      amount in accrued expenses in the accompanying balance sheets.




ITEM
      4.                      
SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS




Not
      applicable.




-5-


PART
      II




ITEM
      5.                      
MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER
      MATTERS




The
      Company's common stock is currently traded on the over-the-counter market under
      the symbol "MLLS".




The
      range
      of the high and low bid quotations for each quarter of the past two (2) fiscal
      years is as follows:





FYE
            
            CLOSING
                BID2007
            
            HIGH
            
            
            LOW5/1/06  -  7/31/06
            
            $
            .15
            
            
            $
            .068/1/06  -  10/31/06
            
            $
            .20
            
            
            $
            .0811/1/07  -  1/31/07
            
            $
            .08
            
            
            $
            .082/01/07  -  4/30/07
            
            $
            .08
            
            
            $
            .08





FYE
            
            CLOSING
                BID2006
            
            HIGH
            
            
            LOW5/1/05  -  7/31/05
            
            $
            .05
            
            
            $
            .058/1/05  -  10/31/05
            
            $
            .05
            
            
            $
            .2011/1/06  -  1/31/06
            
            $
            .09
            
            
            $
            .132/01/06  -  4/30/06
            
            $
            .09
            
            
            $
            .09





As
      of
      November 1, 2007, there were 472 holders of record of the Company's common
      stock.




The
      Company has not paid any cash dividends during the last three fiscal
      years.




-6-


Equity
      Compensation Plan Information





The
      following table presents
      information regarding the Company's equity compensation plans at April 30,
      2007:





Plan
                Category
            Number
                of shares of common stock to be issued upon exercise of outstanding
                options, warrants and
                rights
            Weighted-average
                exercise price of outstanding options, warrantsand rights
            Number
                of shares of common stock remaining available for future issuance
                under
                equity compensation plans (excluding securities reflected in first column)Equity
                compensation plans approved by security holders
            -
            -
            -Equity
                compensation plans not approved by security holders
                (1)
            2,017,338
                shares
            $0.18
            -Total
            2,017,338
                shares
            $0.18
            -




(1)           
      On June 30, 2005, the Company granted Mr. Napolitano stock options in
      recognition of the substantial benefits provided to the Company by Mr.
      Napolitano through his personal guaranty of the Company’s bank loan as well as
      the services in which he has rendered to the Company in his capacity as the
      Company’s sole officer and director.  Under the terms of the option
      agreement, Mr. Napolitano has the right to purchase up to 2,017,338 shares
      of
      the Company’s common stock at a price of $0.18 per share.  The options
      may be exercised at any time during the ten year term of the
      options.




-7-


ITEM
      6.                      
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
      OPERATIONS




Results
      of Operations (2007 compared to 2006)




Rental
      Income




The
      Company's results of operations are primarily dependant upon the rental income
      which it receives from leasing space in its building.  Rental income
      is a function of the percentage of the building which is occupied, and the
      level
      of rental rates.  Rental income during 2007 was $491,000, compared
      with $437,000 in 2006.  The increase in rental income was due to a
      higher level of occupancy at the building.




Hardware
      Sales




The
      Company receives revenue from the sale of replacement parts for the sliding
      glass doors and windows formerly manufactured by the Company.  These
      sales were $19,000 in 2007 compared to $4,000 in 2006.  The sales
      decrease was due to a decrease in demand for replacement parts.




Other
      Income




The
      Company generated other income of $42,000 in 2007, compared to $28,000 in
      2006.  Other income in 2007 and 2006 principally consisted of interest
      income.




Rental
      Expense (Excluding
      Interest)




The
      Company incurs rental expense in connection with the leasing of its
      building.  These expenses consist of management fees, insurance, real
      estate taxes, depreciation and amortization, insurance, maintenance and repairs,
      utility costs and outside services.  Rental expenses were $235,000 in
      2007 and $285,000 in 2006.  The principal components were management
      fees ($36,000 in both 2007 and in 2006), taxes ($90,000 in 2007 and $38,000
      in
      2006), depreciation and amortization ($27,000 in 2007 and 17,000 in 2006),
      repairs and maintenance ($34,000 in 2007 and $9,000 in 2006) and insurance
      ($32,000 in 2007 and $31,000 in 2006).




-8-


Cost
      of Hardware
      Sales




The
      Company records the cost of its hardware sales in connection with the sale
      of
      replacement parts to customers of its former window and sliding glass door
      business.  These costs are tied to the level of hardware
      sales.  These costs were $19,000 in 2007 and $4,000 in
      2006.




Administrative
      Expenses




The
      Company's administrative expenses were $45,000 in 2007, compared to $51,000
      in
      2006.




Interest
      Expense




The
      Company pays interest on the mortgage loan on its building.  Interest
      expense on the loan was $107,000 in 2007 compared to $84,000 in
      2006.  The increase was attributable to an increase in the prime rate,
      which increased the interest on the Company's mortgage loan.




Provision
      for Income
      Taxes




The
      provision for taxes (before realization of prior years' tax benefits) was
      $48,800 in 2007 and $9,000 in 2006.




Net
      Income




As
      a
      result of the foregoing factors, the Company had net income of $153,000 in
      2007,
      compared to $140,000 in 2006.




Liquidity
      and Capital
      Resources




The
      Company's cash increased by $135,000 during fiscal year 2007 compared with
      an
      increase of approximately $81,000 during fiscal year 2006.  The
      increase in 2007 in cash was primarily due to positive cash flow from
      operations.  The Company expended approximately $50,000 for
      improvements to its building.  As of April 30, 2007, the Company's
      cash position was approximately $1,075,000.




At
      April
      30, 2007, the Company's principal financing consisted of a loan with a principal
      balance of $1,493,000 from a third party lender, secured by a lien on the
      Company's building.  The loan bears interest at prime less
      1/2%.  It is payable $13,009 per month, with a balloon payment October
      2009 in the approximate amount of $1,382,000.  The note is
      collateralized by the Company's land and building,along with the personal
      guaranty of the Company's Chairman of the Board in the amount of 50% of the
      mortgage balance.




-9-


The
      Company believes that its working capital needs over the next twelve months
      will
      principally consist of funding routine maintenance of its building and
      alterations to the interior of the building to accommodate new
      tenants.  The Company believes that its existing cash reserves will
      allow the Company to continue operations at their current level for at least
      12
      more months.  However, the Company's long term prospects ultimately
      depend on the Company's ability to lease the space in its building at attractive
      rates.




The
      Company's obligations to make payments under existing, material contracts
      consists of the following:




·
            The
                Company is obligated to make payments under its existing mortgage
                loan.  At April 30, 2007, the outstanding balance of the loan
                was $1,493,000.  The loan bears interest at prime less
                1/2%.  The loan is repayable in monthly installments of
                approximately $13,009, with a balloon payment of approximately $1,382,000
                due in October 2009.




·
            The
                Company has agreed to pay Harnap Corp., a corporation controlled
                by the
                Company's president and principal shareholder, $3,000 per month for
                management fees.  Accrued fees as of April 30, 2007 were
                $281,000, all of which are payable upon the demand of
                Harnap.




Current
      Plans




The
      Company operates as a real estate investment and management
      company.  The Company currently has three tenants for its existing
      building and is seeking to obtain additional commercial tenants.




The
      Company's principal operating expenses consist of management and professional
      fees associated with the administration of the Company, interest expense on
      the
      Company's mortgage loan, real estate taxes and insurance.




The
      Company's business plan also contemplates the acquisition of additional
      income-producing properties.  The Company hopes to acquire such
      properties through a combination of financing from third parties, seller
      financing and issuance of the Company's equity securities.




The
      Company's business plan is subject to uncertainty.  There can be no
      assurance that the Company will be able to maintain a sufficient number of
      tenants to meet its debt service requirements and operating expenses on an
      ongoing basis.  Furthermore, there can be no assurance that the
      Company will be able to locate or acquire suitable properties in order to expand
      its holdings of real property.




-10-


Critical
      Accounting
      Policies




The
      Securities and Exchange Commission ("SEC") has issued disclosure guidance for
      "Critical Accounting Policies."  The SEC defines critical accounting
      policies as those that require the application of management's most difficult,
      subjective, or complex judgments, often because of the need to make estimates
      about the effect of matters that are inherently uncertain and may change in
      subsequent periods.




The
      discussion and analysis of the Company's financial condition and results of
      operations are based upon its financial statements, the preparation of which
      takes into account estimates based on judgments and assumptions that affect
      certain amounts and disclosures.  Accordingly, actual results could
      differ from these estimates.  The accounting policies and estimates
      used and outlined in Note 1 to the Company's financial statements, which are
      presented elsewhere in this Form 10-KSB, have been applied consistently as
      at
      April 30, 2007 and 2006, and for the years ended April 30, 2007 and
      2006.  The Company's representatives who are involved in the
      preparation of its financial statements and this report believe that the
      following accounting policies represent the Company's critical accounting
      policies:




Valuation
      of Long-Lived
      Assets:  The Company periodically assesses the carrying value
      of long-lived assets whenever events or changes in circumstances indicate that
      their carrying amount may not be recoverable.  When the Company
      determines that the carrying value of long-lived assets may be impaired, the
      measurement of any impairment is based on a projected discounted cash flows
      method.  While the Company believes that this method is reasonable,
      different assumptions regarding such cash flows may significantly affect the
      measurement of impairment.




Revenue
      Recognition:  Rental income is recognized when it becomes
      receivable under the terms of each lease.  Hardware sales are
      recognized upon receipt of payment from customers.




Off-Balance
      Sheet
      Arrangements and Aggregate Contractual Obligations




The
      Company is not a party to any material off-balance sheet
      arrangements.




The
      following is a summary of the Company's contractual obligations, including
      certain on-balance sheet obligations, at April 30, 2007:




Payments
                Due by PeriodContractual
                Obligations
            
            Total
            
            
            Less
                Than 1 Year
            
            
            1-3
              Years
            
            
            4-5
              Years
            
            
            More
                Than 5 YearsLong
                Term Debt
            
            $
            1,616,162
            
            
            $
            156,108
            
            
            $
            1,460,054
            
            
            
            -
            
            
            
            -Capital
                Lease Obligations
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -Operating
                Leases
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -Purchase
                Obligations
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -Other
                Long Term DebtTOTAL
            
            $
            1,616,162
            
            
            $
            156,108
            
            
            $
            1,460,054
            
            
            
            -
            
            
            
            -







-11-


ITEM
      7.                      
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA




The
      Company's financial statements and supplementary financial schedules are
      attached as an exhibit to this report. See Items 14(a) and 14(b).




ITEM
      8.                      
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
      DISCLOSURE




None.




ITEM
      8A                     CONTROLS
      AND PROCEDURES




In
      connection with the filing of this Form 10-KSB, the Company's Chief Executive
      Officer and Chief Financial Officer evaluated the effectiveness of the Company's
      disclosure controls and procedures as of April 30, 2007.  The
      Company's Chief Executive Officer and Chief Executive Financial Officer
      concluded that the Company's disclosure controls and procedures were effective
      as of April 30, 2007.




There
      were no changes in the Company's internal controls over financial reporting
      that
      materially affected, or are reasonably likely to materially affect, the
      Company's internal control over financial reporting during the fiscal quarter
      ended April 30, 2007.









-12-


PART
      III




ITEM
      9.                      
DIRECTORS AND EXECUTIVE OFFICERS OF THE COMPANY




The
      directors and executive officers of the Company are as follows:




Name
            Position
            Officer
              Since
            Director
              SinceAngelo
                Napolitano
            President,
                Chief Executive Officer, and Chairman of the Board of
                Directors
            1992
            1988





Each
      director is elected for a period of one (1) year, or until his successor is
      duly
      elected by the shareholders. Officers serve at the will of the Board of
      Directors.




Angelo
      Napolitano, age 70 has been President and Chief Executive Officer of the Company
      since 1992. He has been a Director of the Company since 1988 and Chairman since
      July 1989. Mr. Napolitano is the Chairman and Chief Executive Officer of Harnap
      Corp., a commercial real estate management company which he founded in
      1971.  Since 1975, Mr. Napolitano has served as a director and
      President of Sunshine State Industrial Park Authority, the property owners'
      association for the industrial park in which the Company's building is
      located.




Compliance
      with Section
      16(a) of the Securities Exchange Act of 1934




Based
      solely upon a review of Forms 3, 4 and 5 furnished to the Company, all of the
      Company's directors have filed reports on a timely basis.




Audit
      Committee Financial
      Expert




The
      Company has determined that it does not have an audit committee financial
      expert.  The Company has not been able to identify an individual
      willing to serve as an audit committee financial expert for the
      Company.




-13-


Code
      of
      Ethics




The
      Company has adopted a code of ethics that applies to the Company's officers
      and
      persons performing similar functions.




ITEM
      10.                                
EXECUTIVE COMPENSATION




The
      following table sets forth information regarding the compensation paid by the
      Company to the Company's chief executive officer. None of the Company's officers
      in fiscal 2007 received compensation in excess of $100,000 in 2007.




SUMMARY
      COMPENSATION
      TABLE




Name
                and Position
            Fiscal
                Year
            
            Salary
                (1)
            
            
            Shares
                Underlying Stock Options
                GrantAngelo
                Napolitano, Chief Executive Officer
            2007
            
            $
            36,000
            
            
            
            -2006
            
            $
            36,000
            
            
            
            -2005
            
            $
            36,000
            
            
            
            -


__________________
 (1)           
        Includes management fees paid to Harnap Corp., a company controlled by Mr.
        Napolitano, and director fees paid to Mr. Napolitano.


Options
      Granted in
      2007




No
      stock
      options were granted by the Company in the 2007 fiscal year.




-14-


Aggregate
                Option Exercises in 2007 and Fiscal
                Year-End Option Values
              
              The
                following table sets forth information with respect to the exercise
                of
                options in the 2007 fiscal year and the value of unexercised options
                held
                as of the end of the 2007 fiscal year held by the executive officer
                listed
                above.Shares
                Acquired on Exercise (#)
            
            Value
                Realized ($)
            
            Number
                of Securities Underlying Unexercised Options at 4/30/07
            
            Value
                of Unexercised In-the-Money Options at 4/30/07 ($)Name
            
            
            Exercisable/
              Unexercisable
            
            Exercisable/
              UnexercisableAngelo
                Napolitano
            --
            --
            2,,017,338
                / 0
            
            N/A





Management
      Agreement




In
      October 1992, the Company agreed to pay Harnap Corp. a monthly management fee
      of
      $3,000. Harnap Corp. is owned and controlled by Angelo Napolitano, the Company's
      Chief Executive Officer and Chairman of the Board.  As of April 30,
      2007, accrued management fees totaled $281,000.




Compensation
      of
      Directors




No
      amounts were paid to directors during the 2007 fiscal year for services as
      directors.




Stock
      Options




On
      June
      30, 2005, the Company granted Mr. Napolitano stock options in recognition of
      the
      substantial benefits provided to the Company by Mr. Napolitano through his
      personal guaranty of the Company’s bank loan as well as the services in which he
      has rendered to the Company in his capacity as the Company’s sole officer and
      director.  Under the terms of the option agreement, Mr. Napolitano has
      the right to purchase up to 2,017,338 shares of the Company’s common stock at a
      price of $0.18 per share.  The options may be exercised at any time
      during the ten year term of the options.




-15-







ITEM
      11.                                
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT




To
      the
      knowledge of management, as of November 1, 2007, the following persons
      beneficially owned 5% or more of the common stock of the Company:




Name
                and Address of
              Beneficial
                Owner
            
            Amount
              Beneficial
                Owner
            
            
            Percent
              Of
                ClassAngelo
                Napolitano
              1521
                N.W. 165th
                Street
              Miami,
                FL  33169
            
            
            3,148,594
            (1)
            
            
            63.0
            %Elizabeth
                Schuldiner Revocable Trust u/a 3/20/90 (2)
              80
                West 12th
                Street
              New
                York,  NY  10011
            
            
            182,967
            
            
            
            3.7
            %Walter
                P. Carucci (3)
              Carucci
                Family Partners (3)
              Carr
                Securities Corp. (3)
              One
                Penn Plaza
              New
                York,  NY  10119
            
            
            236,417
            
            
            
            4.7
            %


________________


(1)           
      Mr. Napolitano has sole voting and investment power with respect to 1,121,256
      shares which he holds of record. Mr. Napolitano has shared voting and investment
      power with respect to 10,000 shares which he owns jointly with his wife, Mrs.
      Helen Napolitano. Mr. Napolitano is entitled to acquire an additional 2,017,338
      shares under outstanding stock options.




(2)           
      Based on information disclosed, as of September 8, 2000, in a Schedule 13G
      filed
      with the Securities and Exchange Commission ("SEC"). Elizabeth Schuldiner
      Revocable Trust has sole voting and investment power with respect to the
      shares.




(3)           
      Based on information disclosed, as of August 31, 2000, in a Schedule 13G filed
      with the SEC. Walter P. Carucci, Carucci Family Partners and Carr Securities
      Corp. have identified themselves as a "group" as that term is used in the
      Securities Exchange Act of 1934, as amended. Walter P. Carucci has sole voting
      and investment power with respect to 76,000 shares. Carucci Family Partners
      has
      sole and investment power with respect to 147,450 shares. Carr Securities Corp.
      has sole and investment power with respect to 12,967 shares. There is no shared
      voting and investment power among Walter P. Carucci, Carucci Family Partners
      and
      Carr Securities Corp. with respect to the shares.




-16-


The
      shares of common stock beneficially owned by the Company's sole director and
      executive officer as of April 30, 2007 were as follows:




Name
                and Address of
              Beneficial
                Owner
            Amount
              Beneficial
                Owner (1)
            Percent
              Of
                ClassAngelo
                Napolitano
              1521
                N.W. 165th
                Street
              Miami,
                FL  33169
            3,148,594(2)
            63.0%(2)


___________________


(1)           
      Except as otherwise indicated, each person has sole voting and investment power
      as to the listed shares.




(2)           
      With respect to Mr. Napolitano's shares, see Note (1) to the preceding
      table.




ITEM
      12.                CERTAIN
      RELATIONSHIPS AND RELATED TRANSACTIONS




The
      Company has entered into a brokerage agreement with Napolitano Realty
      Corporation ("NRC") with respect to the lease of the Company's
      building.  The President of NRC is the son of Mr. Angelo Napolitano,
      the Company's President and Chairman of the Board.  The agreement
      provides for a 6% commission to be paid to NRC on sales or lease proceeds
      received by the Company.  No commissions were paid under this
      agreement for the 2007 fiscal year.




-17-


PART
      IV




ITEM
      13.                 EXHIBITS,
      FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 10-KSB




(a)
            Financial
                Statements




Report
        of
        Independent Certified Public Accountants
  Balance
        Sheets As of April 30, 2007 and 2006
  Statements
        of Operations and (Deficit) for Years ended April 30, 2007 and 2006
  Statements
        of Changes in Shareholders (Deficiency) for Years ended April 30, 2007 and
        2006





Statements
        of Cash Flows for Years ended April 30, 2007 and 2006
  Notes
        to
        Financial Statements


(b)
            All
                schedules have been omitted because they are inapplicable, not required
                or
                the information is included elsewhere in the financial statements
                or notes
                thereto.




-18-


(c)
            Exhibits




3.1
            Articles
                of Incorporation
            (Note
                1)3.2
            Articles
                of Amendment
            (Note
                2)3.3
            By-laws
            (Note
                1)3.4
            Amendment
                to By-laws – Indemnification
            (Note
                1)3.5
            Amendment
                to By-laws --Control Share Acquisitions
            (Note
                3)10.1
            Indemnification
                Agreement with Directors
            (Note
                4)10.2
            Amended,
                Restated and Consolidated Promissory Note dated October 13, 1999
                made by
                Miller Industries, Inc. in favor of City National Bank of
                Florida
            (Note
                5)14.1
            Code
                of Ethics
            (Note
                6)31.1*
            Certification
                of Chief Executive Officer pursuant to Rule
                13a-14(a)31.2*
            Certification
                of Chief Financial Officer pursuant to Rule
                13a-14(a)32.1*
            Certification
                of Chief Executive Officer and Chief
                Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted
                by
                Section 906 of Sarbanes-Oxley Act of 2002Note
                1
            Incorporated
                by reference from the Form 10-K filed with the Commission for the
                year
                ended April 30, 1981.Note
                2
            Incorporated
                by reference from Form 10-K filed with the Commission for the year
                ended
                April 30, 1985.Note
                3
            Incorporated
                by reference from the Form 10-K filed with the Commission for the
                year
                ended April 30, 1993.Note
                4
            Incorporated
                by reference from the Form 10-K filed with the Commission for the
                year
                ended April 30, 1990.Note
                5
            Incorporated
                by reference from the Form 10-K filed with the Commission for the
                fiscal
                year ended April 30, 1999.Note
                6
            Incorporated
                by reference from the Form 10-K filed with the Commission for the
                fiscal
                year ended April 30, 2004.(*)
            Filed
                as part of this report





(d)
            Reports
                on Form 8-K




There
      were no reports on Form 8-K for the three months ended April 30,
      2007.




The
      Company filed a Form 8-K on August 1, 2006, with respect to certain stock
      options granted to an officer (Item 1.01).




-19-


ITEM
      14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES.




Wolfe
      & Wolfe CPA performed the review of each of the Company's quarterly reports
      for the 2007 fiscal year and the audit of the Company's financial statements
      for
      the year ended April 30, 2007.




The
      following table presents fees billed for professional audit and other services
      rendered by Wolfe & Wolfe CPA for the periods presented.





Fiscal
                2007Fees
                billed by Wolfe & Wolfe CPAAudit
                Fees(1)
            
            $
            10,200Audit
                Related Fees (2)
            
            
            3,090Tax
                Fees(3)
            
            
            500All
                Other Fees (4)
            
            __________Total
            
            $
            13,790





(1)
            Audit
                Fees consist of fees billed for professional services rendered for
                the
                audit of the Company's consolidated annual financial statements and
                review
                of the interim consolidated financial statements included in quarterly
                reports and services normally provided in connection with statutory
                and
                regulatory filings or engagements.




(2)
            Audit-Related
                Fees consist of fees billed for assurance and related services that
                are
                reasonably related to the performance of the audit or review of the
                Company's consolidated financial statements and are not reported
                under
                "Audit Fees," including registration statement filings.




(3)
            Tax
                Fees consist of fees billed for professional services rendered for
                tax
                compliance, tax consultation and tax planning (domestic and
                international). These services include assistance regarding federal,
                state
                and international tax compliance and international tax planning.




(4)           
      All Other Fees consist of fees for products and services other than the services
      reported above.




-20-




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, thereto duly
        authorized on February 8, 2008.





MILLER
                INDUSTRIES, INC./s/  Angelo
                NapolitanoBy:
            Angelo
                Napolitano, President
              And
                Chief Executive 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 indicated on February 8,
        2008.





Signature
            Title/s/
                Angelo Napolitano
            
            President,
                Chief ExecutiveAngelo
                Napolitano
            Officer,
                and Director
              (Principal
                Executive Officer)
              (Principal
                Financial Officer)
              (Principal
                Accounting Officer)




-21-


INDEPENDENT
      AUDITOR’S REPORT




Shareholders
      and Board of Directors


Miller
      Industries, Inc.


Miami,
      Florida




I
      have
      audited the accompanying balance sheets of Miller Industries, Inc. as of April
      30, 2007 and 2006, and the related statements of operations, shareholders’
deficiency, and cash flows for each of the two years in the period ended April
      30, 2007.  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 audits.




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.  The
      Company is not required to have, nor was I 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, I 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.  I believe that my audits provide a reasonable basis for
      my opinion.




In
      my
      opinion, the financial statements referred to above present fairly, in all
      material respects, the financial position of Miller Industries, Inc. as of
      April
      30, 2007 and 2006 and the results of its operations and its cash flows for
      each
      of the two years in the period ended April 30, 2007, in conformity with
      accounting principles generally accepted in the United States of
      America.




By:
              /s/ Larry
                WolfeLARRY
                WOLFECertified
                Public AccountantMiami,
                  Florida
                October
                  20, 2007




F-1


MILLER
      INDUSTRIES, INC.


BALANCE
      SHEET


APRIL
      30,
      2007 AND 2006




ASSETS
              
              2007
              
              
              2006Investment
                  Property:Land
              
              $
              161,443
              
              
              $
              161,443Building
                  and Improvements
              
              
              1,049,908
              
              
              
              1,029,627Machinery
                  and Equipment
              
              
              11,106
              
              
              
              11,106Furniture
                  and Fixtures
              
              
              10,251
              
              
              
              10,251Total
                  Cost
              
              $
              1,232,708
              
              
              $
              1,212,427Less:  Accumulated
                  Depreciation
              
              
              826,613
              
              
              
              811,715Net
                  Book Value
              
              $
              406,095
              
              
              $
              400,712Other
                  Assets:Cash
              
              $
              1,074,565
              
              
              $
              940,236Prepaid
                  Expenses and Other Assets
              
              
              10,135
              
              
              
              29,012Deferred
                  Lease Incentive (Net of AccumulatedAmortization
                  - $ 37,533 in
                  2007 and $28,459 in 2006)
              
              
              36,067
              
              
              
              14,935Loan
                  Costs, Less Accumulated Amortization of$19,766
                  and $17,126 in 2007 and
                  2006, respectively
              
              
              6,588
              
              
              
              9,222Deferred
                  Tax Assets
              
              
              170,000
              
              
              
              170,000Deferred
                  Rent Receivable
              
              
              24,262
              
              
              
              7,922Total
                  Other
                  Assets
              
              $
              1,321,617
              
              
              $
              1,171,327TOTAL
                  ASSETS
              
              $
              1,727,712
              
              
              $
              1,572,039
 LIABILITIES
                  AND SHAREHOLDERS’
                  DEFICIENCYLiabilities:Mortgage
                  and Notes Payable
              
              $
              1,493,075
              
              
              $
              1,548,639Accounts
                  Payable and Accrued Expenses
              
              
              375,703
              
              
              
              326,168Tenant’s
                  and Customers Deposits
              
              
              69,650
              
              
              
              60,741Total
                  Liabilities
              
              $
              1,938,428
              
              
              $
              1,935,548Shareholders’
Deficiency:Common
                  Stock - $.05 par, 5,00,000 sharesAuthorized;
                  2,982,662 shares issued andOutstanding
              
              $
              149,133
              
              
              $
              149,133Paid-In
                  Capital
              
              
              1,191,929
              
              
              
              1,191,929Deficit
              
              
              (1,551,778
              )
              
              
              (1,704,571
              )Total
                  Shareholders’ Deficiency
              
              $
              (210,716
              )
              
              $
              (363,509
              )TOTAL
                  LIABILITIES AND SHAREHOLDERS’ DEFICIENCY
              
              $
              1,727,712
              
              
              $
              1,572,039


See
      Accompanying Notes to Financial Statements.


F-2


MILLER
      INDUSTRIES,
      INC.


STATEMENT
      OF
      OPERATIONS


YEARS
      ENDED APRIL 30, 2007
      AND 2006


2007
            
            
            2006Revenues:Rental
                Income
            
            $
            491,529
            
            
            $
            436,550Hardware
                Sales (Net)
            
            
            19,134
            
            
            
            4,172Other
                Income
            
            
            42,364
            
            
            
            27,999Total
                Revenues
            
            $
            553,027
            
            
            $
            468,721Expenses:Rental
                Expenses (Except Interest)
            
            $
            234,562
            
            
            $
            284,579Cost
                of Hardware Sales
            
            
            13,802
            
            
            
            3,674Administrative
            
            
            44,582
            
            
            
            50,825Interest
            
            
            107,288
            
            
            
            83,597Total
                Expenses
            
            $
            400,234
            
            
            $
            422,675Income
                Before Tax Provision
            
            $
            152,793
            
            
            $
            46,046Provision
                (Benefit) for Income
                Tax:Federal
                Income Tax
            
            $
            39,669
            
            
            $
            6,568State
                Income Tax
            
            
            8,129
            
            
            
            2,258Provision
                for Income Tax Before Realization ofPrior
                Years’ Tax
                Benefit
            
            $
            47,798
            
            
            $
            8,826Tax
                Benefits of Net Operating Loss Carryforward -Change
                in Valuation
                Allowance
            
            
            (47,798
            )
            
            
            (102,826
            )Total
                Provision for Income Tax
                (Net of Tax Benefits)
            
            $
            -
            
            
            $
            (94,000
            )Net
                Income
            
            $
            152,793
            
            
            $
            140,046Income
                per Common Share
            
            $
            .05
            
            
            $
            .05Weighted
                Average Shares of Common Stock Outstanding (Basic and
                Diluted)
            
            
            2,982,662
            
            
            
            2,982,662





See
      Accompanying Notes to Financial Statements.


F-3


MILLER
      INDUSTRIES,
      INC.


STATEMENT
      OF CASH
      FLOWS


YEARS
      ENDED APRIL 30, 2007 AND
      2006




2007
            
            
            2006Cash
                Flows from Operating
                Activities:Net
                Income
            
            $
            152,793
            
            
            $
            140,046Adjustments
                to Reconcile Net Income to Net Cash Provided by (used for) Operating
                Activities:Depreciation
            
            
            14,898
            
            
            
            12,869Amortization
            
            
            11,708
            
            
            
            3,702Deferred
                Tax Asset Valuation Adjustment
            
            
            -
            
            
            
            (94,000
            )Non-
                Cash Compensation
              (value
                of stock option grant)
            
            
            -
            
            
            
            65,422Changes
                in Operating Assets and Liabilities:(Increase)
                Decrease in Prepaid Expenses and Other
            
            
            2,537
            
            
            
            (19,594
            )Increase
                (Decrease) in Accounts Payable and Accruals
            
            
            49,535
            
            
            
            5,943Increase
                (Decrease) in Tenant Security Deposits
            
            
            8,909
            
            
            
            24,713Net
                Cash Provided by Operating Activities
            
            $
            240,380
            
            
            $
            139,101Cash
                Flows from Investing
                Activities:Acquisition
                of Property, Equipment, and Intangible
            
            $
            (50,487
            )
            
            $
            (16,002
            )Net
                Cash (used by) Investing Activities
            
            $
            (50,487
            )
            
            $
            (16,002
            )Cash
                Flows from Financing
                Activities:Principal
                Payments Under Borrowings
            
            $
            (55,564
            )
            
            $
            (62,115
            )Proceeds
                from Borrowings
            
            
            -
            
            
            
            19,878Net
                Cash Provided by (used by) Financing Activities
            
            $
            (55,564
            )
            
            $
            (42,237
            )Net
                Increase in Cash and Cash Equivalents
            
            $
            134,329
            
            
            $
            80,862Cash
                and Cash Equivalents at the Beginning of
                Year
            
            
            940,236
            
            
            
            859,374Cash
                and Cash Equivalents at the End of
                Year
            
            $
            1,074,565
            
            
            $
            940,236Additional
                Cash Flow Information:Cash
                Payments During the YearInterest
            
            $
            106,351
            
            
            $
            82,467Income
                Taxes
            
            $
            -
            
            
            $
            -




See
      Accompanying Notes to Financial Statements.


F-4


MILLER
      INDUSTRIES,
      INC.


STATEMENT
      OF SHAREHOLDERS’
DEFICIENCY


YEARS
      ENDED APRIL 30, 2007 AND
      2006




Common
                StockShares
              Issued
            
            
            Amount
            
            
            Additional
              Paid-In
                Capital
            
            
            (Deficit)
            
            
            TotalBalance
                at April 30, 2005
            
            
            2,982,662
            
            
            $
            149,133
            
            
            $
            1,126,507
            
            
            $
            (1,844,617
            )
            
            $
            (568,977
            )Share
                Based Compensation In connection with Stock Option granted June 30,
                2006
            
            
            -
            
            
            
            -
            
            
            
            65,422
            
            
            
            
            
            
            
            65,422Net
                Income - 2006
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            140,046
            
            
            
            140,046Balance
                at April 30, 2006
            
            
            2,982,662
            
            
            $
            149,133
            
            
            $
            1,191,929
            
            
            $
            (1,704,571
            )
            
            $
            (363,509
            )Net
                Income – 2007
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            152,793
            
            
            
            152,793Balance
                at April 30, 2007
            
            
            2,982,662
            
            
            $
            149,133
            
            
            $
            1,191,929
            
            
            $
            (1,551,778
            )
            
            $
            (210,716
            )





See
      Accompanying Notes to Financial Statements.


F-5


MILLER
      INDUSTRIES,
      INC.


NOTES
      TO FINANCIAL
      STATEMENTS


APRIL
      30,
      2007  AND  2006




NOTE
      A - Summary of
      Significant Accounting Policies




1.
            Nature
                of Business
                -




Miller
      Industries, Inc., a Florida corporation, currently and since August 1991, has
      been engaged in the ownership and management of 98,000 square feet of offices
      and ware- house located in Miami, Florida. The Company also distributes hardware
      parts for aluminum windows and doors previously manufactured by
      Miller.  During August 1991, the Company discontinued its operations
      of manufacturing of aluminum windows and doors pursuant to a plan of
      reorganization.




2.
            Real
                Property  -




Property
      is carried at cost.  The Company calculates depreciation under the
      straight-line method at annual rates based upon the estimated service lives
      of
      each type of asset.  These service lives are generally as
      follows:






Building
              and
              Improvements
            10
              to 30
              yearsMachinery
              and
              Equipment
            7
              yearsFurniture
              and
              Fixtures
            7
              years





Real
      property and equipment, with an original cost of approximately $720,000, have
      been fully depreciated at April 30, 2007.




3.
            Deferred
                Cost
                -




Deferred
      lease incentive and loan costs are carried at cost.  The Company
      amortizes these assets on a straight-line basis up to 10 years. Deferred Rent
      Receivable is recoverable over the period of the lease.




F-6


4.
            Income
                Taxes
                -




The
      Company adopted Statement of Financial Accounting Standards No. 109, “Accounting
      for Income Taxes”.  Under SFAS 109, deferred tax assets and
      liabilities are determined based on differences between the financial reporting
      and tax basis of assets and liabilities and are measured by applying enacted
      tax
      rates and laws to taxable years in which such differences are expected to
      reverse.




5.
            Earnings
                Per Share
                -




In
      accordance with Financial Accounting Standards No. 128, basic earnings per
      share
      is computed based on the weighted-average number of common shares outstanding
      during each year and excludes any potential dilution.  Diluted earning
      per share is based on the weighted-average number of common shares outstanding
      as well as potentially dilutive common shares, which in the Company’s case
      include shares issuable under the stock option agreement.  The
      Company’s outstanding options are not included in the computation of basic or
      diluted earnings per share since they are anti-dilutive.  At April 30,
      2007 potentially dilutive securities consist of an option that could be
      converted into 2,017,338 common shares.




6.
            Cash
                -




The
      Company considers all short-term investments with an original maturity of three
      months or less to be cash equivalents.




The
      balances are insured by the Federal Deposit Insurance Corporation up to
      $100,000. At April 30, 2007, and 2006 the Company’s uninsured cash balances
      approximated $ 970,000 and $ 840,000 respectively.




7.
            Financial
                Instruments
                -




The
      carrying amounts of cash and cash equivalents, other assets, accounts payable,
      and debt approximate fair value.




8.
            Concentrations
                -




The
      Company is subject to certain risk arising from the concentration of its tenant
      income from entities that comprise 10% or more of the Company’s revenue. Tenant
“A” 40%  of Revenue.  Tenant “B” 28% of
      Revenue.  Tenant “C” 15% of Revenue.




F-7


9.
            Revenue
                Recognition
                -




The
      Company recognizes rental income on a straight-line basis over the respective
      lease terms.  In accordance with SFAS No. 141.  The Company
      recognizes hardware sales upon shipment of goods to customers.




10.
            Environmental
                Cleanup
                Matters -




The
      Company expenses environmental expenditures related to existing conditions
      resulting from past or current operations and from which no current or future
      benefit is discernable.  The Company determines its liability on a
      site-by-site basis and records a liability at the time when it is probable
      and
      can be reasonably estimated.




11.
            Use
                of Estimates
                -




The
      preparation of financial statements in conformity with generally accepted
      accounting principles requires management to make estimates and assumptions
      that
      affect the amounts reported in the financial statements and accompanying
      notes.  Actual results could differ from those
      estimates.  The most significant estimates included in the preparation
      of the financial statements are related to income taxes, asset lives, accruals
      and valuation allowances.




12.
            Comprehensive
                Income
                -




In
      June
      1997, the Financial Accounting Standards Board issued Statement of Financial
      Accounting Standards No. 130 “Reporting Comprehensive Income”, which is
      effective for fiscal years beginning after December 15, 1997.  SFAS
      No. 130 establishes standards for the reporting and display of comprehensive
      income and its components in a full set of general purpose financial statements
      which requires the Company to (i) classify items of other comprehensive income
      by their nature in a financial statement and (ii) display the accumulated
      balance of other comprehensive income separately from retained earnings and
      additional paid-in-capital in the equity section of the balance
      sheet.  The company does not have any comprehensive income for fiscal
      2007 and 2006.




13.
            Long-Lived
                Assets
                -




In
      August
      2001, the Financial Accounting Standards Board (“FASB”) approved SFAS No. 144
“Accounting for the Impairment or Disposal of Long-Lived
      Assets”.  SFAS No. 144 replaces SFAS No. 121 “Accounting for the
      Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed
      of”.  The Company adopted SFAS No. 144 on May 1, 2002 as required, and
      the statement is not expected to have a material impact on the Company’s results
      of operations or financial position.  Under SFAS No. 144, the Company
      must consider whether indicators of impairment of long-lived assets are present,
      determine whether the sum of the estimated undiscounted future cash flows
      attributable to the assets in question is less than their carrying amounts,
      and
      to recognize an impairment loss based on the excess of the carrying amounts
      of
      the assets over their respective fair values.  The respective fair
      values of the Company’s long-lived assets exceeded their carrying amounts at
      April 30, 2007 based on a quoted market price.




F-8


14.
            Segments
                -




The
      Company adopted SFAS No. 131, Disclosures About Segments of an Enterprise and
      Related Information (“SFAS 131").  SFAS 131 superseded SFAS No. 14,
      Financial Reporting for Segments of a Business Enterprise.  SFAS 131
      establishes standards for the way that public business enterprises report
      information about operating segments in annual financial statements and requires
      that those enterprises report selected information about operating segments
      in
      interim financial reports.  SFAS 131 also establishes standards for
      related disclosures about products and services, geographic areas, and major
      customers.  The Company only has one business segment.




15.
            Derivative
                Instruments
                -




In
      June
      1998, the Financial Accounting Standards Board issued SFAS No. 133, Accounting
      for Derivative Instruments and Hedging Activities (“SFAS 133"), which is
      required to be adopted in years beginning after June 15, 2000.  SFAS
      133 will require the Company to recognize all derivatives on the balance sheet
      at fair value.  Derivatives that are not hedges must be adjusted to
      fair value through income.  If the derivative is a hedge, depending on
      the nature of the hedge, changes in the fair value of derivatives will either
      be
      offset against the change in fair value of hedged assets, liabilities, or firm
      commitments through earnings or recognized in other comprehensive income until
      the hedged item is recognized in earnings.  The ineffective portion of
      a derivative’s change in fair value will be immediately recognized in
      earnings.  The Company has determined that SFAS 133 did not have an
      effect on its financial position or results of operations.




In
      April
      2003, the FASB issued Statement 149, Amendment of Statement 133 on Derivative
      Instruments and Hedging Activities.  This statement amends and
      clarifies financial accounting and reporting for derivative instruments,
      including certain derivative instruments embedded in other contracts and for
      hedging activities under SFAS No. 133.  SFAS No. 149 improves
      financial reporting by requiring that contracts with comparable characteristics
      be accounted for similarly.




16.
            Stock-Based
                Compensation -




In
      December 2004, the FASB issued FAS 123R, Share-Based Payment. The new rule
      requires that the compensation cost relating to share-based payment transactions
      be recognized in financial statements. That cost will be measured based on
      the
      fair value of the equity or liability instruments issued. The scope of SFAS
      123R
      includes a wide range of share-based compensation arrangements including share
      options, restricted share plans, performance-based awards, share appreciation
      rights, and employee share purchase plans. SFAS 123R replaces SFAS 123 and
      Accounting Principles Board option 25. The company elected to early adopt SFAS
      123R on April 30, 2006. The adoption of SFAS 123R resulted in additional
      compensation expense of approximately $65,000 for fiscal 2006.




F-9


17.
            Pensions
                and Other
                Post-Retirement Benefits -




Effective
      January 3, 2001, the Company adopted the provisions of SFAS No. 132, Employers’
Disclosures about Pensions and other Post-Retirement Benefits (“SFAS
      132").  SFAS 132 supersedes the disclosure requirements in SFAS No.
      87, Employers’ Accounting for Pensions, and SFAS No. 106, Employers’ Accounting
      for Post-Retirement Benefits Other Than Pensions.  The overall
      objective of SFAS 132 is to improve and standardize disclosures about pensions
      and other post-retirement benefits and to make the required information more
      understandable.  The adoption of SFAS 132 did not affect results of
      operations or financial position.




The
      Company has not initiated benefit plans to date which would require disclosure
      under the statement.




18.
            Advertising
                Costs
                -




Advertising
      costs are charged to operations in the period incurred.  The Company
      has not incurred any advertising costs for fiscal 2007 and 2006.




19.
            Business
                Concentrations -




Rental
      income of the Company’s office and warehouse building is subject to the economic
      conditions of the industrial real estate market place.  Changes in
      this industry may significantly affect management’s estimates and the Company’s
      performance.




20.
            Accounting
                Changes and
                Error Corrections -




In
      May
      2005, the FASB issued SFAS No. 154, Accounting Changes and Error
      Corrections.  This new standard replaces APB opinion No. 20,
      Accounting Changes and SFAS No. 3, Reporting Accounting Changes in Interim
      Financial Statements, among other changes, SFAS 154 requires that a voluntary
      change in accounting principle be applied retrospectively with all prior period
      financial statements presented on the new accounting principle, unless it is
      impracticable to do so.  SFAS No. 154 also provides that a change in
      method of depreciating or amortizing a long-lived non-financial asset be
      accounting for as a change in estimate prospectively, and corrections of errors
      in previously issued financial statements should be termed a
“restatement.”  The new standard is effective for accounting changes
      and correction of errors made in fiscal years beginning after June 1,
      2005.  The adoption of SFAS No. 154 did not have a material impact on
      the company’s financial condition or result of operations.




21.
            Recent
                Accounting
                Pronouncements –




In
      February 2006, the FASB issued SFAS No. 155 “ Accounting for Certain Hybrid
      Financial Instruments – an Amendment of FASB Statements No. 133 and 140” (“SFAS
      No. 155”).  The purpose of SFAS No. 155 is to simplify the accounting
      for certain hybrid financial instruments by permitting fair value re-measurement
      for any hybrid financial instrument that contains an embedded derivative that
      otherwise would require bifurcation.




F-10


SFAS
      No.
      155 is effective for all financial instruments acquired or issued after the
      beginning of an entity’s first fiscal year that begins after September 15,
      2006.




The
      adoption of SFAS No. 155 is not expected to have a material impact on the
      Company’s financial condition or results of operations.




In
      March
      2006, the FASB issued SFAS No. 156, “ Accounting for Servicing of Financial
      Assets – an Amendment of FASB Statement No. 140” (“SFAS No. 156”). SFAS No. 156
      requires recognition of a servicing asset or a servicing liability each time
      an
      entity undertakes an obligation to service a financial asset by entering into
      a
      servicing contract.  SFAS No. 156 also requires that all separately
      recognized servicing assets and servicing liabilities be initially measured
      at
      fair value and subsequently measured at fair value at each reporting
      date.  SFAS No. 156 is effective as of the beginning of an entity’s
      first fiscal year that begins after September 15, 2006.  The Company
      does not expect the adoption of SFAS No. 156 to have a material impact on its
      financial condition or results of operations.




In
      June
      2006, the FASB issued Interpretation No. 48, “ Accounting for Uncertainty in
      Income Taxes, an Interpretation of FASB Statement No. 109” (“FIN No. 48”). FIN
      No. 48 clarifies the accounting for uncertainty in income taxes recognized
      in a
      company’s financial statements and prescribes 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.  FIN No.
      48 also provides guidance on description, classification, interest and
      penalties, accounting in interim periods, disclosure and
      transition.  FIN No. 48 is effective for fiscal years beginning after
      December 15, 2006.  The adoption of FIN No. 48 is not expected to have
      a material impact on the Company’s financial condition or results of
      operations.




In
      September 2006, the Securities and Exchange Commission issued Staff Accounting
      Bulletin No. 108 (“SAB No. 108”), “Considering the Effects of Prior Year
      Misstatements When Quantifying Misstatements in Current Year Financial
      Statements.” SAB 108 provides guidance on the consideration of the effects of
      prior period misstatements in quantifying current year misstatements for the
      purpose of a materiality assessment.  SAB108 requires the
      quantification of financial statement misstatements based on the effects of
      the
      misstatements on each of the company’s financial statements and the related
      financial statement disclosures.  This model is commonly referred to
      as the “dual approach” because it requires quantification of errors under both
      the iron curtain and the roll-over methods.  The roll- over method
      focuses primarily on the impact of a misstatement on the income statement –
including the reversing effect of prior year misstatements – but its use can
      lead to the accumulation of misstatements in the balance sheet.  The
      iron-curtain method focuses primarily on the effect of correcting the period-end
      balance sheet with less emphasis on the reversing effects of prior year errors
      on the income statement.  SAB 108 was effective for financial
      statements for fiscal years ending after November 15, 2006.  The
      adoption of SAB 108 did not have a material impact on our financial condition
      or
      results of operations.




In
      September 2006, the FASB issued SFAS No. 157, Fair Value Measurements. The
      new
      FASB rule defines fair value, establishes a framework for measuring fair value
      in generally accepted accounting principles, or GAAP, and expands disclosures
      about  fair value measurements.  The statement is effective
      for financial statements issued for fiscal years beginning after November 15,
      2007, and interim periods within those fiscal years.  The adoption of
      SFAS No. 157 is not expected to have a material impact on the Company’s
      financial condition or results of operations.




F-11





NOTE
      B - Mortgage and Notes
      Payable




Principal
      balances outstanding and details of notes payable are summarized as
      follows:




2007
            
            
            20061.
            
            Mortgage
                Payable6
                1/4% (prime less 1⁄2%) note payable, collateralized by mortgage on land and
                building, improvements, personal property, collateral assignment
                of all
                rents and leases, along with the personal guaranty of the Company’s
                Chairman of the Board to 50% of all sums due under the loan.  In
                addition, the guarantor shall indemnify lender from any and all liability
                which may result from the environmental condition of the
                property.  The note is payable in monthly installments of
                $13,009 (including interest) with a final payment of approximately
                $1,382,000 due October 2009.
            
            $
            1,493,075
            
            
            $
            1,535,2372.
            
            Insurance
                Premium Note
                Payable9.13%
                insurance premium financing, payable in monthly installments of $2,293
                (including interest) through October 2006
            
            
            -
            
            
            
            13,402Total
                Notes Payable
            
            $
            1,493,075
            
            
            $
            1,548,639





Payments
      of principal required on the foregoing debt are as follows:




Fiscal
                Year
              Ending2008
            
            $
            41,8592009
            
            
            45,2202010
            
            
            1,405,996Thereafter
            
            
            -Total
            
            $
            1,493,075





Land,
      buildings and improvements, and insurance policies with an approximate cost
      of
      $1,227,000 and an approximate net book value of $411,000 are pledged as
      collateral for these obligations.


F-12




NOTE
      C - Income
      Taxes




The
      provision (benefit) for income taxes consists of the following:




2007
            
            
            2006CurrentDeferred
            
            $
            51,326
            
            
            $
            27,772Tax
                Benefit of Net Operating
            
            
            (3,528
            )
            
            
            (18,946
            )Loss
                Carryforward
            
            
            (47,798
            )
            
            
            (102,826
            )Total
            
            $
            -
            
            
            $
            (94,000
            )





Deferred
      income taxes arise primarily due to temporary differences in recognizing certain
      revenues and expenses for tax purposes, the required use of extended lives
      for
      calculation of depreciation for tax purposes, and the expected use of tax loss
      carryforwards in future periods.  The components of the net deferred
      tax asset at April 30, 2007 and 2006 are as follows:




2007
            
            
            2006Properties
                and Equipment principally due to depreciation
            
            $
            53,067
            
            
            $
            51,064Compensation
                – Value of Stock Option Granted
            
            
            24,599
            
            
            
            24,599Provision
                for Bad Debts
            
            
            1,128
            
            
            
            -Net
                operating loss carryforwards(Net
                of $ 347,747 expired in 2007)
            
            
            228,681
            
            
            
            637,010Total
                gross deferred tax assets
            
            $
            307,475
            
            
            $
            712,673Less:   Valuation
                allowance
            
            
            137,475
            
            
            
            542,673Net
                Deferred Tax Asset
            
            $
            170,000
            
            
            $
            170,000





F-13


A
      valuation allowance is provided to reduce the deferred tax assets to a level
      which, more likely than not, will be realized.  The net deferred
      assets reflect management’s assessment of the amount which will be realized from
      future taxable earnings or alternative tax strategies.  The valuation
      allowance was decreased by approximately $188,000 for 2006, and remained
      constant for 2007.




At
      April
      30, 2007, the Company had approximately $611,200 of Federal and State net
      operating loss carry’s forward available to offset future taxable
      income.  The State loss carryforwards are available
      indefinitely.  The Federal net operating loss carryforwards will
      expire as follows:




2008
            
            $
            205,0002009
            
            
            132,0002011
            
            
            100,0002012
            
            
            68,0002013
            
            
            106,0002019
            
            
            200Total
            
            $
            611,200


At
      April
      30, 2007, the Company had alternative minimum tax credit carryforwards of
      approximately $3,500 which may be carried forward indefinitely.




Total
      Federal tax expense for years ended April 30, 2007 and 2006 differed from the
      amount computed by applying the U.S. federal income tax rate of 34% to income
      (loss) from continuing operations before income tax for the following
      reasons:




2007
            
            
            2006Percent
                of
              Pre-Tax
            
            
            
            
            
            Percent
                of
              Pre-TaxAmount
            
            
            Income
            
            
            Amount
            
            
            IncomeIncome
                before provision for income taxes
            
            $
            152,793
            
            
            
            100
            %
            
            $
            46,046
            
            
            
            100
            %Computed
                expected tax expense
            
            $
            51,950
            
            
            
            34
            %
            
            $
            15,656
            
            
            
            34
            %Federal
                tax (benefit) of State Income Tax
            
            
            (2,764
            )
            
            
            (2
            )
            
            
            (768
            )
            
            
            (1
            )Sur
                Tax Exemption
            
            
            (9,517
            )
            
            
            (6
            )
            
            
            (8,320
            )
            
            
            (18
            )Federal
                Tax Before Tax Benefits
            
            
            39,669
            
            
            
            26
            %
            
            $
            6,568
            
            
            
            15
            %Tax
                Benefits of Net OperatingLoss
                Carryforwards- Change in Valuation Allowance
            
            
            (39,669
            )
            
            
            (26
            )
            
            
            (86,844
            )
            
            
            (190
            )Actual
                Federal Tax (Benefits)
            
            $
            -0-
            
            
            
            -0-
            
            
            $
            (80,276
            )
            
            
            (175
            )%





F-14


NOTE
      D - Rental
      Income




During
      2007, the Company leased warehouse and manufacturing space to four unrelated
      third parties under leases that expire at various dates thru fiscal
      2011.  Rental income approximated $489,000 and $437,000 for fiscal
      2007 and 2006, respectively.  Rental income from these leases amounted
      to 99% of the total 2007 rental income and 100% of the total 2006 rental
      income.




Future
      minimum rental income under non-cancelable leases, excluding cost of living
      adjustments are as follows:




2008
            
            $
            479,2752009
            
            $
            479,2752010
            
            $
            364,378Thereafter
            
            $
            95,068





NOTE
      E - Rental Expenses
      (Except for Interest)




Rental
                expenses consisted of:2007
            
            
            2006Bad
                Debt- Provision
            
            $
            3,000
            
            
            $
            70,136Depreciation
                and Amortization
            
            
            26,607
            
            
            
            16,572Insurance
            
            
            32,046
            
            
            
            31,247Management
                Fees
            
            
            36,000
            
            
            
            36,000Officer’s
                Compensation – Value Of Stock option
            
            
            -
            
            
            
            65,422Outside
                Services
            
            
            1,874
            
            
            
            1,840Repairs
                and Maintenance
            
            
            33,839
            
            
            
            8,984Utilities
            
            
            11,269
            
            
            
            16,244Taxes
            
            
            89,927
            
            
            
            38,134Totals
            
            $
            234,562
            
            
            $
            284,579





F-15


NOTE
      F - Administrative
      Expenses




Administrative
                expenses consisted of:2007
            
            
            2006Accounting
                and Legal
            
            $
            21,269
            
            
            
            31,506Office
                Supplies/Postage/Other
            
            
            1,490
            
            
            
            1,347Stockholders’
                Expenses
            
            
            20,123
            
            
            
            14,420Telephone
            
            
            1,700
            
            
            
            3,552Totals
            
            $
            44,582
            
            
            $
            50,825





NOTE
      G - Related Party
      Transactions




Management
      fees in the amount of $36,000 per year were incurred by the Company for 2007
      and
      2006 to Harnap Corp., which is controlled by the Chairman of the Board of Miller
      Industries, Inc.  Harnap Corp. was reimbursed for bookkeeping
      services, tenant improvements, repairs, and office supplies during fiscal 2007
      for approximately $18,000. Included in accounts payable is approximately
      $281,000 for 2007 and approximately $245,000 for 2006 that is owned to Harnap
      Corp.  The mortgage is guaranteed by the company’s C.E.O. up to 50% of
      all sums due.




NOTE
      H – Stock Option
      Agreement




On
      June
      30, 2005 the Company issued stock options to Angelo Napolitano in exchange
      for
      the benefits he has provided to the Company through his personal guarantee
      of
      the company’s bank loan, and the services rendered by Mr. Napolitano in his
      capacity as the company’s sole officer and director.  The options vest
      100% at the grant date and expire in 10 years from the grant
      date.  The company granted options to Mr. Napolitano to purchase up to
      2,017,338 shares of the Company’s Common Stock during the term of the Options at
      a price equal to $.18 per share (Exercise Price).




F-16


The
      average fair values of the options granted during fiscal 2006 were estimated
      at  $.0324, using the Black-Scholes options-pricing model, which
      included the following assumptions:




2006Stock
                Price
            
            $
            .05Strike
                Price
            
            
            .18Expected
                Life
            
            9.17
                yearsRisk-Free
                Interest Rate
            
            
            3.80
            %Volatility
            
            
            79.23
            %





Approximately
      $65,400 was recorded as compensation expense for fiscal 2006 related to this
      grant.




A
      summary
      of the status of the company’s stock option agreement as of April 30, 2007 and
      2006, and changes during the years then ended were as follows:




2007
            
            
            2006Shares
              Subject
              To
                Option
            
            
            Exercise
              Price
                Per Share
            
            
            Shares
              Subject
              To
                Option
            
            
            Exercise
              Price
                Per
              ShareOutstanding,
                May 1
            
            $
            2,017,338
            
            
            $
            .18
            
            
            $
            -
            
            
            $
            -Granted
            
            
            -
            
            
            
            -
            
            
            
            2,017,338
            
            
            
            .18Exercised
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -Cancelled
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -Outstanding/Exercisable,
                April 30
            
            
            2,017,338
            
            
            $
            .18
            
            
            
            2,017,338
            
            
            
            .18





F-17


The
      following summarizes information concerning currently outstanding and
      exercisable options at April 30, 2007.




Options
                Outstanding/ ExercisableNumber
                Outstanding
            Average
                RemainingExercise
                Price
            At
                4/30/07
            Life$           .18
            2,017,338
            8.2





NOTE
      I – Prepaid Expenses,
      Other Assets, Other Matters, and Subsequent Events




Included
      in Prepaid Expenses and other Assets Is:




2007
            
            
            2006Deposits
            
            $
            400
            
            
            $
            400Prepaid
                Insurance
            
            
            5,116
            
            
            
            28,612Accounts
                Receivable (Net of $ 3,000Allowance
                for Doubtful Accounts)
            
            
            4,619
            
            
            
            -Total
            
            $
            10,135
            
            
            $
            29,012





The
      Company’s commercial property insurance coverage was cancelled on March 1,2007
      and was rewritten effective August 22, 2007.  The Company’s windstorm
      insurance coverage expired on January 13, 2007.  There has not been
      any claims for damages for windstorm or property damages thru September 25,
      2007.







F-18