UNITED
STATES SECURITIES AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-KSB AMENDED





T
            Annual
      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934 for the fiscal year ended December 31,
2007





£
            Transition
      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934 for the transition period from
___to___





Commission
File Number  0-29711





Subjex
Corporation


(Exact
name of issuer as specified in its charter)








Minnesota
            41-1596056(State
      or other jurisdiction of incorporation or organization)
            (IRS
      Employer Identification No.)3245 Hennepin Ave S Suite 1,
      Minneapolis MN
            55408(Address
      of Principal Executive Offices)
            (Zip
      Code)





612-827-2203


(Issuer’s
telephone number)





(Former
Name, Former Address and Former Fiscal Year, if Changed Since Last
Report)





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




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





Common
Stock, no par value





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





Check
whether the issuer: (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for
such shorter period that the issuer was required to file such reports), and (2)
has been subject to such filing requirements for the past 90
days.   Yes   T   No£





Check if
there is no disclosure of delinquent filers pursuant to Item 405 of Regulation
S-B is not contained herein, and no disclosure will be contained, to the best of
registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB.   £





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





In the
original filing of the 10KSB for December 31, 2007 a section
of  paragraphs was inadvertently left out under Item
8A  necessitating this amended filing to include the unintentional
omitted information.













ITEM 8A.
            Controls
      and Procedures





Internal
Control Over Financial Reporting





Since the
Company does not have an audit committee, its Board of Directors oversees the
responsibilities of the audit committee. Its members review all accounts and
figures (accounting systems) that pertain to accounting and the financial
condition of the company. This includes banking, accounts payable, stocksetc. These are then forwarded
to an out of house accounting firm who does all our accounting on Quick
Books. Our staff and the accounting firm are in contact on a daily
basis.  The accounting firm is owned by Sharon Hyder, a member of our
board of directors and the mother of the CEO, Andrew Hyder. Management believes
that the fees paid to the accounting firm are equivalent to those that would be
paid for similar services in an arm’s length transaction.





The Board
is fully aware that there is not a clear segregation of duties due to the small
number of employees dealing with general administrative and financial matters.
However, the board has determined that considering the employees involved the
control procedures in place, risks associated with such lack of segregation are
insignificant and the potential benefits of adding employees to clearly
segregate duties does not justify the expenses associated with such increases at
this time.  As the Company further grows its operations, management
expects to continue to modify its Controls and Procedures as necessary to remain
in and maintain compliance with applicable law.





Evaluation
of Disclosure Controls and Procedures





Based on
the Board of Directors most recent review, as of the end of the period covered
by this report, the Company’s principal executive officer has concluded that the
Company’s disclosure controls and procedures are effective to ensure that
information required to be disclosed by the Company in the reports that it files
or submits under the Securities Exchange Act of 1934, as amended, is accumulated
and communicated to the Company’s management as appropriate to allow timely
decisions regarding required disclosure and are effective to ensure that such
information is recorded, processed, summarized and reported within the time
periods specified in the SEC’s rules and forms. There were no significant
changes in the Company’s internal controls or in other factors that could
significantly affect those controls subsequent to the date of their
evaluation.





Limitations
on the Effectiveness of Controls





Our
management does not expect that our disclosure controls and internal controls
will prevent all error and all fraud.  A control system, no matter how
well conceived and operated, can provide only reasonable, not absolute,
assurance that the objectives of the control system are met.  Further,
the design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to their
costs.  Because of the inherent limitations in all control systems, no
evaluation of controls can provide absolute assurance that all control issues
and instances of fraud, if any, within the Company have been
detected.  These inherent limitations include the realities that
judgments in decision-making can be faulty, and that breakdowns can occur
because of simple error or mistake.  Additionally, controls can be
circumvented by the individual acts of some persons, by collusion of two or more
people, or by management or board override of the control.  The design
of any system of controls also is based in part upon certain assumptions about
the likelihood of future events, and there can be no assurance that any design
will succeed in achieving its stated goals under all potential future
conditions; over time, control may become inadequate because of changes in
conditions, or the degree of compliance with the policies or procedures may
deteriorate.  Because of the inherent limitations in a cost-effective
control system, misstatements due to error or fraud may occur and not be
detected.











SIGNATURES





Pursuant
to the requirements of Section 13 or 15(d) of the Securities and Exchange Act of
1934, the Issuer has duly caused this report to be signed on its behalf by the
undersigned officers and/or Directors, there unto duly authorized.





Subjex
Corporation


Date:  August
12, 2008





NAME
            TITLE


/s/
      Andrew D. Hyder
            President
      and Chief Executive Officer,





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





Signature
            Title
            Date/s/
      Andrew D. Hyder
              Andrew
      D. Hyder
            President
      and CEO
            August
      12, 2008