STQN Strategic Aquisitions Inc (PK)

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-KSB

(Mark One)

[x] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.
For the fiscal year ended December 31, 2007

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934.
for the transition period from ________to________.

Commission file number 0-28963

Nevada 13-3506506
------ ----------
(State or Other Jurisdiction of (IRS Employer Identification No.)
Incorporation or Organization)


10 West Street, Suite 28-C, New York, NY 10004
---------------------------------------------- -----
(Address of Principal Executive Offices) (Zip Code)


 (212) 750-3355
 --------------
 (Issuer's Telephone Number)

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

Securities under Section 12(g) of the Act:

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

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

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

Issuer's income for fiscal year 2007 was $2,250.

The aggregate market value of the voting and non-voting common equity held by the issuer's nonaffiliates, as of March 12, 2008, was $110,600.

As of December 31, 2007, a total of 1,610,000 shares of common stock were issued and outstanding.

Transitional Small Business Disclosure Format: No.

TABLE OF CONTENTS

 Page

PART I......................................................... 1

Item 1. Description of Business.............................. 1

Item 1A. Risk Factors......................................... 2

Item 2. Description of Property.............................. 8

Item 3. Legal Proceedings.................................... 8

Item 4. Submission of Matters to a Vote of Security ......... 8
 Holders


PART II........................................................ 8

Item 5. Market for Common Equity and Related Shareholder..... 8
 Matters

Item 6. Management's Discussion and Analysis or Plan of...... 9
 Operations

Item 7. Financial Statements................................. 9-10

Item 8. Changes in and Disagreements with Accountants on..... 11
 Accounting and Financial Disclosure

Item 8A. Controls and Procedures.............................. 11


PART III....................................................... 12

Item 9. Directors, Executive Officers, Promoters and......... 12
 Control Persons; Compliance With Section 16(a)
 of the Exchange Act.

Item 10. Executive Compensation............................... 13

Item 11. Security Ownership of Certain Beneficial Owners...... 13

Item 12. Certain Relationships and Related Transactions....... 14

Item 13. Exhibits and Reports on Form 8-K..................... 14

Item 14. Principal Accountant Fees and Services............... 15

Signatures..................................................... 16

PART I

Item 1. Business.

General

Strategic Acquisitions, Inc. (the "Company" or "Strategic") was incorporated under the laws of the State of Nevada on January 27, 1989, and is in the developmental stage. Since inception the Company had no revenues other than nominal interest income. As of the date hereof, the Company has no commercial operations, has no full- or part-time employees, and owns no real estate.

The Company's current business plan is to seek, investigate, and, if warranted, acquire a business, and to pursue other related activities intended to enhance shareholder value. The acquisition of a business opportunity may be made by purchase, merger, exchange of stock, or otherwise, and may encompass assets or a business entity, such as a corporation, joint venture, or partnership. The Company has limited capital, and it is unlikely that the Company will be able to take advantage of more than one such business opportunity. The Company intends to seek opportunities demonstrating the potential of long-term growth as opposed to short-term earnings.

At the present time the Company has not identified any business opportunity that it plans to pursue, nor has the company reached any agreement or definitive understanding with any person concerning an acquisition.

No assurance can be given that the Company will be successful in finding or acquiring a desirable business opportunity, given that limited funds are available for acquisitions, or that any acquisition that occurs will be on terms that are favorable to the Company or its stockholders.

The Company's search will be directed toward small and medium-sized enterprises which have a desire to become public corporations and which are able to satisfy, or anticipate in the reasonably near future being able to satisfy, the minimum asset requirements in order to qualify shares for trading on NASDAQ or a stock exchange.

The business development process is more fully described in the Company's FORM 10-SB Registration Statement filed with the Securities and Exchange Commission January 18, 2000, incorporated herein by this reference. Since such filing there has been no change in the Company's business.

Item 1A. Risk Factors

Our business, financial condition, operating results and prospects are subject to the following risks. Additional risks and uncertainties not presently foreseeable to us may also impair our business operations. If any of the following risks actually occurs, our business, financial condition or operating results could be materially adversely affected. In such case, the trading price of our common stock could decline, and our stockholders may lose all or part of their investment in the shares of our common stock.

1. OFFICERS AND DIRECTORS OF STRATEGIC MAY HAVE CERTAIN CONFLICTS OF INTEREST WHICH ARE ADVERSE TO THE COMPANY AND MAY ALSO BE AFFORDED CERTAIN OPPORTUNITIES THAT ARE NOT EXTENDED TO OTHER STRATEGIC SHAREHOLDERS.

Certain conflicts of interest may exist between Strategic and its officers and directors. Such officers and directors have other business interests to which they devote their attention, and may be expected to continue to do so although management should devote time to the business of Strategic. As a result, conflicts of interest may arise that can be resolved only through exercise of such judgment as is consistent with fiduciary duties to Strategic.

It is anticipated that each of Strategic's officers and directors may actively negotiate or otherwise consent to the purchase of a portion of his common stock as a condition to, or in connection with, a proposed merger or acquisition transaction. In this process, our officers and directors may consider their own personal pecuniary benefit rather than the best interests of other Strategic shareholders, and the other Strategic shareholders are not expected to be afforded the opportunity to approve or consent to any particular stock buy-out transaction.

2. STRATEGIC MAY NOT HAVE SUFFICIENT FUNDS TO FINANCE ANY TRANSACTION OR TO EXPLOIT OPPORTUNITIES IN ANY BUSINESS IN WHICH STRATEGIC DECIDES TO INVEST.

Strategic has very limited funds, and such funds may not be adequate to take advantage of any available business opportunities. Even if our funds prove to be sufficient to acquire an interest in, or complete a transaction with, a business opportunity, we may not have enough capital to exploit the opportunity. Our ultimate success may depend upon our ability to raise additional capital. We have not investigated the availability, source, or terms that might govern the acquisition of additional capital and will not do so until we determine a need for additional financing. If additional capital is needed, there is no assurance that funds will be available from any source or, if available, that they can be obtained on terms acceptable to us. If not available, our operations will be limited to those that can be financed with our modest capital.

3. OUR COMMON STOCK IS CLASSIFIED AS A "PENNY STOCK" UNDER SEC RULES WHICH LIMITS THE MARKET FOR OUR COMMON STOCK.

Since inception of trading, our Common Stock has not traded at $5 or more per share. Because our stock is not traded on a national securities exchange registered with the SEC, if the market price of the Common Stock is less than $5 per share, the Common Stock is classified as a "penny stock." SEC Rule 15g-9 under the Exchange Act imposes additional sales practice requirements on broker- dealers that recommend the purchase or sale of penny stocks to persons other than those who qualify as an "established customer" or an "accredited investor."

This includes the requirement that a broker-dealer must make a determination that investments in penny stocks are suitable for the customer and must make special disclosures to the customers concerning the risk of penny stocks. Many broker-dealers decline to participate in penny-stock transactions because of the extra requirements imposed on those transactions. Application of the penny-stock rules to our Common Stock reduces the market liquidity of our shares, which in turn affects the ability of holders of our Common Stock to resell the shares they purchase, and they may not be able to resell at prices at or above the prices they paid.

4. WE MAY NEVER FIND A BUSINESS OPPORTUNITY AND IF WE FIND A BUSINESS OPPORTUNITY, SUCH OPPORTUNITY MAY NEVER MAKE A PROFIT.

There is no assurance that we will acquire a favorable business opportunity. Even if we should become involved in a business opportunity, there is no assurance that it will generate revenues or profits, or that the market price of our common stock will be increased thereby.

5. WE CANNOT ACCURATELY ASSESS THE RISK OF ANY FUTURE TRANSACTIONS AND YOU MAY LOSE ALL OR PART OF YOUR INVESTMENT IN STRATEGIC.

We have not identified and have no commitments to enter into or acquire a specific business opportunity and therefore can disclose the risks and hazards of a business or opportunity that we may enter into in only a general manner, and cannot disclose the risks and hazards of any specific business or opportunity that we may enter into. An investor can expect a potential business opportunity to be quite risky. Our acquisition of or participation in a business opportunity will likely be highly illiquid and could result in a total loss to Strategic and our stockholders if the business or opportunity proves to be unsuccessful.

6. WE MAY ENTER INTO A TRANSACTION WITH A COMPANY THAT IS SEEKING TO AVOID THE DIFFICULTIES OF EFFECTING ITS OWN PUBLIC OFFERING.

The type of business to be acquired may be one that desires to avoid effecting its own public offering and the accompanying expense, delays, uncertainties, and federal and state requirements which purport to protect investors. Because of our limited capital, it is more likely than not that any acquisition by Strategic will involve other parties whose primary interest is the acquisition of control of a publicly traded company. Moreover, any business opportunity acquired may be currently unprofitable or present other negative factors.

7. WE WILL NOT BE ABLE TO PERFORM AN EXHAUSTIVE INVESTIGATION OF ANY POTENTIAL STRATEGIC PARTNERS, WHICH INCREASES THE RISK THAT YOU MAY LOSE ALL OR

PART OF YOUR INVESTMENT IN STRATEGIC.

Our limited funds and the lack of full-time management will likely make it impracticable to conduct a complete and exhaustive investigation and analysis of a business opportunity before we commit our capital or other resources thereto. Management decisions, therefore, will likely be made without detailed feasibility studies, independent analysis, market surveys and the like which, if we had more funds available to us, would be desirable. We will be particularly dependent in making decisions upon information provided by the promoter, owner, sponsor, or others associated with the business opportunity seeking our participation. A significant portion of our available funds may be expended for investigative expenses and other expenses related to preliminary aspects of completing an acquisition transaction, whether or not any business opportunity investigated is eventually acquired.

8. WE WILL ONLY BE ABLE TO COMPLETE ONE TRANSACTION WHICH INCREASES THE RISK THAT YOU MAY LOSE ALL OR PART OF YOUR INVESTMENT IN STRATEGIC.

Because of our limited financial resources, it is unlikely that we will be able to diversify our acquisitions or operations. Our probable inability to diversify our activities into more than one area will subject us to economic fluctuations within a particular business or industry and increase the risks associated with our operations.

9. WE ARE HIGHLY DEPENDENT ON OUR OFFICERS AND DIRECTORS. THEIR LACK OF FULL-TIME ATTENTION TO OUR BUSINESS MAY NEGATIVELY AFFECT OUR ABILITY TO FIND AND COMPLETE A TRANSACTION, WHICH COULD REDUCE THE VALUE OF YOUR INVESTMENT IN STRATEGIC.

We currently have only two individuals who are serving as our officers and directors on a part-time basis. We are heavily dependent upon their skills, talents, and abilities to implement our business plan, and may, from time to time, find that the inability of the officers and directors to devote their full-time attention to the business of Strategic results in a delay in progress toward implementing our business plan. Because you will not be able to evaluate the merits of possible business acquisitions by Strategic, you should critically assess the information concerning our officers and directors.

10. OUR BUSINESS MAY BE NEGATIVELY IMPACTED IF OUR OFFICERS LEAVE.

We do not have employment agreements with our officers, and as a result, there is no assurance they will continue to manage Strategic in the future. In connection with acquisition of a business opportunity, it is likely the current officers and directors of Strategic may resign subject to compliance with
Section 14(f) of the Exchange Act. A decision to resign will be based upon the identity of the business opportunity and the nature of the transaction, and is likely to occur without the vote or consent of the stockholders of Strategic.

11. WE MAY INCUR LARGE EXPENSES IF WE WERE REQUIRED TO INDEMNIFY AN OFFICER OR DIRECTOR AND YOUR INVESTMENT IN STRATEGIC MAY BE NEGATIVELY IMPACTED.

Nevada statutes provide for the indemnification of directors, officers, employees, and agents, under certain circumstances, against attorney's fees and other expenses incurred by them in any litigation to which they become a party arising from their association with or activities on behalf of Strategic. Our By-Laws further provide that we will bear the expenses of such litigation for any of our directors, officers, employees, or agents, upon such person's promise to repay us therefor if it is ultimately determined that any such person shall not have been entitled to indemnification. This indemnification policy could result in substantial expenditures by us which we may be unable to recoup.

12. WE MAY ENGAGE IN A LEVERAGED TRANSACTION WHICH MAY INCREASE OUR EXPOSURE TO LARGER LOSSES, MAKE IT MORE DIFFICULT TO MAKE A PROFIT AND POSSIBLY RESULT IN THE LOSS OF ALL OR PART OF YOUR INVESTMENT IN STRATEGIC.

There is a possibility that any acquisition of a business opportunity by Strategic may be leveraged, i.e., we may finance the acquisition of the business opportunity by borrowing against the assets of the business opportunity to be acquired, or against the projected future revenues or profits of the business opportunity. This could increase our exposure to larger losses. A business opportunity acquired through a leveraged transaction is profitable only if it generates enough revenues to cover the related debt and expenses. Failure to

make payments on the debt incurred to purchase the business opportunity could result in the loss of a portion or all of the assets acquired. There is no assurance that any business opportunity acquired through a leveraged transaction will generate sufficient revenues to cover the related debt and expenses.

13. WE MAY LOSE VALUABLE BUSINESS OPPORTUNITIES BECAUSE WE HAVE LIMITED RESOURCES AND MAY NOT BE ABLE TO COMPETE WITH OTHER FIRMS FOR SUCH BUSINESS OPPORTUNITIES.

The search for potentially profitable business opportunities is intensely competitive. We expect to be at a disadvantage when competing with many firms that have substantially greater financial and management resources and capabilities than Strategic. These competitive conditions will exist in any industry in which Strategic may become interested.

14. WE DO NOT PLAN ON PAYING ANY DIVIDENDS ON OUR COMMON STOCK WHICH MAY MAKE OUR COMMON STOCK A LESS ATTRACTIVE INVESTMENT TO FUTURE POTENTIAL INVESTORS AND HAVE A NEGATIVE IMPACT ON THE VALUE OF YOUR INVESTMENT IN STRATEGIC.

We have not paid dividends on our common stock and we do not anticipate paying such dividends in the foreseeable future.

15. WE MAY SELL CONTROL OF STRATEGIC TO AN OUTSIDE INVESTOR AND CURRENT MANAGEMENT OF STRATEGIC MAY BE REPLACED. IN ADDITION, YOUR PERCENTAGE OWNERSHIP OF STRATEGIC MAY BE GREATLY REDUCED BY SUCH A TRANSACTION AND YOU WILL HAVE LESS VOTING CONTROL OVER STRATEGIC.

We may consider an acquisition in which Strategic would issue as consideration for the business opportunity to be acquired an amount of our authorized but unissued common stock that would, upon issuance, represent the great majority of Strategic's voting power and equity. The result of such an acquisition would be that the acquired company's stockholders and management would control Strategic, and our management could be replaced by persons unknown at this time. Such a merger would result in a greatly reduced percentage of ownership of Strategic by our current shareholders. In addition, our major

shareholders could sell control blocks of stock at a premium price to the
acquired company's stockholders.

 16. BECAUSE CERTAIN SHARES OF OUR COMMON STOCK ARE "RESTRICTED SECURITIES"
THEY ARE SUBJECT TO CERTAIN TRADING RESTRICTIONS WHICH MAY CAUSE YOU TO
EXPERIENCE DELAYS AND EXPENSES IN THE SALE OF SUCH SECURITIES.

 The outstanding shares of common stock held by present officers and

directors are "restricted securities" within the meaning of Rule 144 under the Act. As restricted shares, these shares may be resold only pursuant to an effective registration statement or under the requirements of Rule 144 or other applicable exemptions from registration under the Act and as required under applicable state securities laws. Rule 144 provides in essence that an affiliate who has held restricted securities for six months (in the case of reporting issuers) or for one year (in the case of non-reporting issuers) may, under certain conditions, sell every three months, in brokerage transactions, a number of shares that does not exceed the greater of 1.0% of a company's outstanding common stock or the average weekly trading volume during the four calendar weeks prior to the sale. There is no limit on the amount of restricted securities that may be sold by a nonaffiliate after the restricted securities

have been held by the owner for a period of six months (in the case of reporting issuers) or for one year (in the case of non-reporting issuers). A sale under Rule 144 or under any other exemption from the Act, if available, or pursuant to subsequent registration of shares of a company's common stock of present stockholders, may have a depressive effect upon the price of the common stock in any market that may develop. We believe that all of the Company's outstanding shares are currently eligible for sale, subject to volume limitations on those shares held by Strategic's directors, officers and other holders of 10% or more of Strategic's outstanding shares.

17. THERE MAY BE RESTRICTIONS ON YOUR ABILITY TO RESELL YOUR SHARES OF STRATEGIC DUE TO RESTRICTIONS UNDER STATE BLUE SKY LAWS.

Because our securities have not been registered for resale under the blue sky laws of any state, the holders of such shares and persons who desire to purchase them in any trading market that might develop in the future, should be aware that there may be significant state blue-sky law restrictions upon the ability of investors to sell the securities and of purchasers to purchase the securities. Some jurisdictions may not under any circumstances allow the trading or resale of blind-pool or "blank-check" securities. Accordingly, investors should consider the secondary market for our securities to be a limited one.

18. YOU MAY BE PREVENTED FROM SELLING YOUR SHARES OF STRATEGIC.

Many states have enacted statutes or rules which restrict or prohibit the sale of securities of "Blank Check" companies to residents so long as they remain without specific business plans. To the extent any current shareholders or subsequent purchaser from a shareholder may reside in a state which restricts or prohibits resale of shares in a "Blank Check" company, warning is hereby given that the shares may be "restricted" from resale as long as we are a shell company.

At the date of this registration statement, we have no intention of offering further shares in a private offering to anyone. Further, the policy of the Board of Directors is that any future offering of shares will only be made after an acquisition has been made and can be disclosed in appropriate 8-K filings.

In the event of a violation of state laws regarding resale of "Blank Check" shares we could be liable for civil and criminal penalties which would be a substantial impairment to us.

19. WE WILL BE EXPOSED TO RISKS RELATING TO THE EVALUATIONS OF INTERNAL CONTROL OVER FINANCIAL REPORTING REQUIRED BY SECTION 404 OF THE SARBANES-OXLEY ACT OF 2002 AND ANY FAILURE TO MAINTAIN EFFECTIVE INTERNAL CONTROL OVER FINANCIAL REPORTING COULD RESULT IN A NEGATIVE IMPACT ON OUR BUSINESS.

Section 404 of the Sarbanes-Oxley Act of 2002 requires that we evaluate and report on our system of internal controls beginning with our Annual Report on Form 10-KSB for the year ending December 31, 2007, and that we have such system of internal controls audited beginning with our Annual Report on Form 10-K for the year ending December 31, 2008. If we fail to maintain the adequacy of our internal controls, we could be subject to regulatory scrutiny, civil or criminal penalties and/or stockholder litigation. Any inability to provide reliable

financial reports could harm our business. Ultimately, our management will be responsible for assessing the effectiveness of our internal control over financial reporting, and our independent registered public accounting firm will be requested to attest to that assessment. We are required to document and test our internal control systems and procedures for financial reporting as part of this process. Furthermore, any failure to implement required new or improved controls, or difficulties encountered in the implementation of adequate controls over our financial processes and reporting in the future, could harm our operating results or cause us to fail to meet our reporting obligations. Inferior internal controls could also cause investors to lose confidence in our Reported financial information, which could have a negative impact in seeking future funding our business.

20. COMPLIANCE WITH SECTION 404 OF THE SARBANES-OXLEY ACT OF 2002 WILL CAUSE US TO INCUR INCREASED EXPENSES AND WILL REQUIRE OUR MANAGEMENT TO DEVOTE ADDITIONAL RESOURCES.

Beginning with our 2007 fiscal year, we incurred additional expenses and devoted additional resources in order to achieve compliance with Section 404. We expect to incur significant additional expenses and to devote additional resources to Section 404 compliance during fiscal 2008 and on an ongoing basis as additional requirements under Section 404 become applicable to us. It is difficult for us to predict how long it will take to complete the assessment of the effectiveness of our internal control over financial reporting for each year and to remediate any deficiencies in our internal control over financial reporting. As a result, we may not be able to complete the assessment and remediation process on a timely basis. In addition, the attestation process by our independent registered public accounting firm will be new and we may encounter problems or delays in completing the implementation of any requested improvements and receiving an attestation of our assessment by our independent registered public accounting firm.

21. PUBLIC COMPANY COMPLIANCE MAY MAKE IT MORE DIFFICULT TO ATTRACT AND RETAIN OFFICERS AND DIRECTORS.

The Sarbanes-Oxley Act of 2002 and new rules subsequently implemented by the SEC have required changes in the corporate governance practices of public companies. As a public company, we expect these new rules and regulations to increase our compliance costs in 2008 and beyond and to make certain activities more time consuming and costly. These factors may make it more difficult for us to attract and retain qualified persons to serve on our board of directors or as executive officers.

ITEM 2. Description of Property.

The Company has no property. The Company does not currently maintain an office or any other facilities. It does currently maintain a mailing address at the home of its President, John P. O'Shea, 10 West Street, Suite 28-C, New York, New York 10004. The Company pays no rent for the use of this mailing address. The Company does not believe that it will need to maintain an office at any time in the foreseeable future in order to carry out its plan of operations described herein.

ITEM 3. Legal Proceedings.

The Company is not a party to any legal proceedings, and no such proceedings are known to be contemplated.

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

None.

PART II

ITEM 5. Market for Common Equity and Related Shareholder Matters.

There is a limited public trading market for the Company's shares of common stock on the Over-the-Counter Bulletin Board, under the symbol STQN. The following table shows the quarterly high and low bid prices during 2006 and 2007 as reported by Bloomberg, LP. These are the inter-dealer bid quotations, without retail mark-up, mark-down or commission, and may not represent actual transactions.

 YEAR PERIOD HIGH LOW
------ ------------- ---- ----
2006 First Quarter 0.35 0.25
 Second Quarter 0.35 0.35
 Third Quarter 0.35 0.35
 Fourth Quarter 0.35 0.35

2007 First Quarter 0.35 0.35
 Second Quarter 0.35 0.35
 Third Quarter 0.35 0.20
 Fourth Quarter 0.20 0.20

At March 12, 2008, there were approximately 60 record holders and 85 beneficial owners of the Company's common stock.

The Board of Directors has never declared a dividend and the Company does not anticipate paying dividends at any time in the foreseeable future. Also, in the event of the acquisition of a business by the Company, control of the Company and its Board of Directors may pass to others and the payment of dividends would be wholly dependent upon the decisions of such persons.

ITEM 6. Management's Discussion and Analysis or Plan of Operation.

PLAN OF OPERATION

The following Plan of Operation should be read in conjunction with the accompanying audited financial statements for the year ended December 31, 2007.

The Company remains in the development stage and has limited capital resources and stockholder's equity. At December 31, 2007, the Company had current assets in the form of cash and cash equivalents of $75,605 and liabilities of $0.

The Company has not realized any revenues from operations in the past two years, and its plan of operation for the next twelve months shall be to continue its efforts to locate a suitable acquisition/merger candidate. The Company can provide no assurance that it will continue to satisfy its cash requirements for the next twelve months if a suitable acquisition/merger is completed.

It is unlikely the Company will have any revenue, other than interest income, unless it is able to effect an acquisition of or merger with an operating company, of which there can be no assurance.

ITEM 7. Financial Statements.

THIS AREA INTENTIONALLY LEFT BLANK

Item 7. Financial Statements Begin on Page 10

PART F/S

STRATEGIC ACQUISITIONS INC.
(A DEVELOPMENT STAGE COMPANY)

INDEX TO FINANCIAL STATEMENTS

CONTENTS

Report of Independent Registered Public Accounting Firm F1

Balance Sheet, December 31, 2007 F2

Statements of Operations for the Years Ended
December 31, 2007 and 2006 and for the period from F3
Inception (January 27, 1989) to December 31, 2007

Statements of Stockholders' Equity, period from
Inception (January 27, 1989) to December 31, 2007 F4

Statements of Cash Flows for the Years Ended
December 31, 2007 and 2006 and for the period from F5
Inception (January 27, 1989) to December 31, 2007

Notes to Financial Statements F6-9

[COMISKEY & CO. LETTERHEAD]

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors
Strategic Acquisitions, Inc.
New York, NY

We have audited the accompanying balance sheet of Strategic Acquisitions, Inc. (the "Company") (a development stage company), as of December 31, 2007, and the related statements of operations, stockholders' equity, and cash flows for the years ended December 31, 2007 and 2006, and for the period from inception (January 27, 1989) to December 31, 2007. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (U.S.). Those standards require that we 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 were we engaged to perform, an audit of its internal control over financial reporting. Our audits 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, we express no such opinion. An audit also 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. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Strategic Acquisitions, Inc. as of December 31, 2007, and the results of its operations and cash flows for the years ended December 31, 2007 and 2006, and for the period from inception (January 27, 1989) to December 31, 2007, in conformity with accounting principles generally accepted in the United States of America.

Denver, Colorado
March 27, 2008

/s/ Comiskey & Company

Professional Corporation

STRATEGIC ACQUISITIONS INC.
(A Development Stage Company)

BALANCE SHEET

ASSETS

Current Assets:

 Cash and Equivalents $ 75,605
 -------
 TOTAL CURRENT ASSETS $ 75,605
 =======

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

 Accounts Payable $ -
 -------
 TOTAL CURRENT LIABILITIES -

Stockholders' Equity
 Common Stock, $0.001 par value; 50,000,000
 Shares authorized; 1,610,000 shares
 issued and outstanding 1,610
 Additional Paid-In Capital 186,793
 Accumulated Deficit (112,798)
 --------
 TOTAL STOCKHOLDERS' EQUITY 75,605
 -------
 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 75,605
 =======

The accompanying notes are an integral part of these financial statements.

STRATEGIC ACQUISITIONS INC.
(A Development Stage Company)

STATEMENTS OF OPERATIONS

 For the period
 from inception For the year For the year
 (January 27, 1989) ended ended
 to December 31, December 31, December 31,
 2007 2007 2006
 ------------ ------------ ------------


Revenue $ - $ - $ -

 ------------ ------------ ------------
Expenses:
 General & Administrative 213,252 6,411 8,250
 General & Administrative
 - related party 8,100 - -
 ------------ ------------ ------------
 Total Expenses 221,352 6,411 8,250
 ------------ ------------ ------------

Other Income:
 Interest Income 63,573 2,250 2,322
 Miscellaneous Income 30,013
 Gain on Debt Extinguishment 14,968 - -
 ------------ ------------ ------------
 Total Other Income 108,554 2,250 2,322
 ------------ ------------ ------------

 NET LOSS $ (112,798) $ (4,161) $ (5,928)
 ============ ============ ============

Weighted Average Number of
 Common Stock Outstanding
 - Basic & Fully Diluted 1,598,460 1,610,000 1,610,000
 ============ ============ ============

Net Income (Loss) Per Common Share $ (0.07) $ (0.00) $ (0.00)
 - Basic & Fully Diluted ============ ============ ============

The accompanying notes are an integral part of these financial statements.

STRATEGIC ACQUISITIONS INC.
(A Development Stage Company)

STATEMENTS OF STOCKHOLDERS' EQUITY

 Additional Total Accumulated
 Common Stock Paid-In Stockholder's
 Shares Amount Capital (Deficit) Equity
 ---------- --------- --------- --------- ---------
Issuance of common stock
on July 31, 1989 for cash
of $0.0044 per share 1,360,000 $ 1,360 $ 4,640 $ - $ 6,000

Public offering - 40,000 units
(six shares per unit) @ $6.00
per unit, net of costs 240,000 240 179,063 - 179,303

Net (Loss), Inception to
 December 31, 2002 (80,797) (80,797)
 --------- --------- --------- --------- ---------
Balance, December 31, 2002 1,600,000 1,600 183,703 (80,797) 104,506

Net (Loss), December 31, 2003 (5,877) (5,877)
 --------- --------- --------- --------- ---------
Balance - December 31, 2003 1,600,000 1,600 183,703 (86,674) 98,269

Issuance of common stock
on June 30, 2004 at market value
($0.31 per share) for services 10,000 10 3,090 3,100

Net (Loss), December 31, 2004 (5,209) (5,209)
 --------- --------- --------- --------- ---------
Balance, December 31, 2004 1,610,000 1,610 186,793 (91,883) 96,520

Net (Loss), December 31, 2005 (10,826) (10,826)
 --------- --------- --------- --------- ---------
Balance - December 31, 2005 1,610,000 1,610 186,793 (102,709) 85,694

Net (Loss), December 31, 2006 (5,928) (5,928)
 --------- --------- --------- --------- ---------
Balance - December 31, 2006 1,610,000 1,610 186,793 (108,637) 79,766

Net (Loss), December 31, 2007 (4,161) (4,161)
 --------- --------- --------- --------- ---------
Balance - December 31, 2007 1,610,000 $ 1,610 $ 186,793 $(112,798)$ 75,605
 ========= ========= ========= ========= =========

The accompanying notes are an integral part of these financial statements.

STRATEGIC ACQUISITIONS INC.
(A Development Stage Company)

STATEMENTS OF CASH FLOWS

 For the period
 from inception For the For the
(January 27, 1989) year ended year ended
 to December 31, December 31, December 31,
 2007 2007 2006
 ----------- ----------- -----------

CASH FLOWS FROM OPERATING ACTIVITIES:

 Net Loss $ (112,798) $ (4,161) $ (5,928)

Adjustments to Reconcile Net Loss to
 Net Cash Used by Operating Activities:

 Increase (Decrease) in accounts payable - (507) 507
 Stock issued for Services-related party 3,100 - -
 ---------- ---------- ----------

 Net cash flows from Operating Activities (109,698) (4,668) (5,421)

CASH FLOWS FROM FINANCING ACTIVITIES

 Issuance of common stock, net of costs 185,303 - -
 ---------- ---------- ----------

 Net cash flows from financing activities 185,303 - -
 ---------- ---------- ----------
NET INCREASE (DECREASE) IN CASH
 AND CASH EQUIVALENTS 75,605 (4,668) (5,421)

CASH AND CASH EQUIVALENTS,
 BEGINNING OF PERIOD - 80,273 85,694
 ---------- ---------- ----------

CASH AND CASH EQUIVALENTS,
 END OF PERIOD $ 75,605 $ 75,605 $ 80,273
 ========== ========== ==========

The accompanying notes are an integral part of these financial statements.

STRATEGIC ACQUISITIONS INC.
(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2007 AND 2006

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES AND PROCEDURES

ORGANIZATION
The Company was organized January 27, 1989 (Date of Inception) under the laws of the State of Nevada, as Strategic Acquisitions, Inc.

The Company is an enterprise in the development stage as defined by Statement No. 7 of the Financial Accounting Standards Board and has not engaged in any business other than organizational efforts, the sale of stock in a public offering, and the evaluation of potential acquisition targets. It has no full-time employees and owns no real property. The Company intends to seek to acquire one or more existing businesses that have existing management, through merger or acquisition. Management of the Company will have virtually unlimited discretion in determining the business activities in which the Company might engage.

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

CASH AND CASH EQUIVALENTS
The Company maintains a cash balance in an interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents.

CONCENTRATION OF CREDIT RISK
At December 31, 2007, and 2006, the Company maintained all of its cash in one commercial bank. The Company has not experienced any losses on such accounts.

REVENUE RECOGNITION
The Company recognizes revenue on an accrual basis as it invoices for services.

REPORTING ON THE COSTS OF START-UP ACTIVITIES
Statement of Position 98-5 (SOP 98-5), "Reporting on the Costs of Start-Up Activities," which provides guidance on the financial reporting of start-up costs and organizational costs, requires most costs of start-up activities and organizational costs to be expensed as incurred. SOP 98-5 is effective for fiscal years beginning after December 15, 1998. With the adoption of SOP 98-5, there has been little or no effect on the Company's financial statements.

LOSS PER SHARE
Net loss per share is provided in accordance with Statement of Financial Accounting Standards No. 128 (SFAS #128) "Earnings Per Share". Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period. The Company had no dilutive common stock equivalents, such as stock options or warrants, as of December 31, 2007.

ADVERTISING COSTS
The Company expenses all costs of advertising as incurred. There were no advertising costs included in selling, general and administrative expenses for the years ended December 31, 2007 and 2006.

FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2007. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.

SEGMENT REPORTING
The Company follows Statement of Financial Accounting Standards No. 131, "Disclosures About Segments of an Enterprise and Related Information". The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.

DIVIDENDS
The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid or declared since inception.

INCOME TAXES
The Company follows Statement of Financial Accounting Standard No. 109, "Accounting for Income Taxes" ("SFAS No. 109") for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change.

Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.

RECENT PRONOUNCEMENTS
In December 2007, the Financial Accounting Standards Board ("FASB") revised Statement of Financial Accounting Standards ("SFAS") No. 141. This Statement requires an acquirer to measure the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree at their fair values on the acquisition date, with goodwill being the excess value over the net identifiable assets acquired. SFAS No. 141(R) is effective as of the beginning of the Company's first fiscal year beginning on or after December 15, 2008. The Company does not expect application of SFAS No. 141(R) to have a material effect on its financial statements.

In December 2007, the FASB issued SFAS No. 160. This Statement clarifies that a noncontrolling interest in a subsidiary should be reported as equity in consolidated financial statements. The calculation of earnings per share will continue to be based on income amounts attributable to the parent. SFAS 160 is effective as of the beginning of the Company's first fiscal year that begins on or after December 15, 2008. The Company does not expect application of SFAS No. 160 to have a material effect on its financial statements.

NOTE 2 - INCOME TAXES

The Company accounts for income taxes under Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes" ("SFAS No. 109"), which requires use of the liability method. SFAS No. 109 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences. Deferred tax assets and liabilities at the end of each period are determined using the currently enacted tax rates applied to taxable income in the periods in which the deferred tax assets and liabilities are expected to be settled or realized.

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes. The sources and tax effects of the differences are as follows:

U.S federal statutory rate (34.0%)
Valuation reserve 34.0%
Total - %

As of December 31, 2007, the Company has a net operating loss carryforward of approximately $112,000 for tax purposes, which will be available to offset future taxable income. If not used, this carryforward will expire between 2009 and 2027. The deferred tax asset relating to the operating loss carryforward has been fully reserved at December 31, 2007. The availability of this operating loss to offset future earnings may be limited under the change of control provisions of Internal Revenue Code Section 381.

NOTE 3 - RELATED PARTY TRANSACTIONS

The Company currently utilizes the home of its president as a mailing address "rent free". The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.

NOTE 4 - STOCKHOLDERS' EQUITY

The Company is authorized to issue 50,000,000 shares of its $0.001 par value Common Stock.

On July 31, 1989, the Company issued 1,360,000 shares of its $0.001 par value Common Stock to its directors for cash in the amount of $6,000.

During the fourth quarter 1989, the Company's public offering was declared effective. In connection therewith, the Company sold 40,000 units of Common Stock at $6.00 per unit. Each unit consisted of six shares of $0.001 par value common stock, thirty Class A Warrants, thirty Class B Warrants, and thirty Class C Warrants. The Class A Warrants, Class B Warrants, and Class C Warrants expired on July 15, 2004.

The Company granted the underwriters of its initial public offering Warrants to purchase an aggregate of 4,000 units that were identical in all respects to the units sold to the public, pursuant to the terms of the underwriting agreement, at an exercise price of $6.42 per unit. The underwriter's warrants expired on July 15, 2004.

On June 30, 2004, the Company issued 10,000 shares of its $0.001 par value Common Stock to an officer and director of the Company for services valued at $3,100.

There have been no other issuances of Common Stock.

NOTE 5 - GAIN ON DEBT EXTINGUISHMENT

In 2004, the Company recorded $14,968 related to trade accounts payable from a previous year which had been written off by the creditor. The amount is shown as a gain from debt extinguishment in the other income and expense section of the Statements of Operations.

ITEM 8. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.

None.

ITEM 8A. Controls and Procedures.

As of the end of the period covered by this report, the Company conducted an evaluation, under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer, of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"). Based on this evaluation, the Principal Executive Officer and Principal Financial Officer concluded that the Company's disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms. Additionally, the Principal Executive Officer and Principal Financial Officer 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 Exchange Act is communicated to the Principal Executive Officer and Principal Financial Officer, as appropriate to allow timely decisions regarding disclosure.

Management's Report on Internal Control over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) of the Securities Exchange Act of 1934. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes policies and procedures that
(i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of assets, (ii) provide reasonably assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors and
(iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisitions, use, or dispositions of our assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management, including the President/Principal Financial Officer and Secretary/Treasurer, has conducted an evaluation of the effectiveness of the Company's internal control over financial reporting as of December 31, 2007, based on the criteria for effective internal control described in Internal Control over Financial Reporting - Guidance for Smaller Public Companies issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on its assessment, management concluded that the Company's internal control over financial reporting was effective as of December 31, 2007.

This Annual Report does not include an attestation report of the Company's independent registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's independent registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management's report in this Annual Report.

This report shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Changes in Internal Control over Financial Reporting

There was no change in our internal control over financial reporting during the quarter ended December 31, 2007 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART III

ITEM 9. Directors, Executive Officers, Promoters and Control Persons; Compliance With Section 16(a) of the Exchange Act.

The following is a list of directors and executive officers of the Company as of December 31, 2007, their ages and all positions held by each of them during the past five years.

John P. O'Shea, 51, is the Company's President and a director since 2004. Since 1997, Mr. O'Shea has been an officer and director of Westminster Securities Corporation, a full-service brokerage firm headquartered in New York City. He currently serves as Chairman, Chief Executive Officer and Director of Westminster. He also is a non-executive director for the boards of BlueRock Energy Holdings, Inc. and ENPartners Corp., two private companies in the energy industry. Mr. O'Shea is a Member of the New York Stock Exchange and a Member of the New York Board of Trade.

Marika Xirouhakis Tonay, 27, is the Company's Secretary/Treasurer and a director since 2004. Ms. Xirouhakis has been employed by Westminster Securities Corporation since 1999, presently serving as a Vice President in the Investment Banking department as well as corporate secretary. She attended New York University, Stern School of Business from 1998 to 2002, graduating Magna Cum Laude with a BS in Finance and Management.

Compliance With Section 16(a) of the Exchange Act.

Each of the Company's officers and directors is in compliance with
Section 16(a) of the Exchange Act.

Audit Committee and Audit Committee Financial Expert

The entire board of directors of the Company serves as its audit committee. The Company does not have an audit committee financial expert serving on its audit committee because it believes that the time and expense associated with locating such a financial expert is not justified during the time that the Company remains in the development stage as a blind pool or blank check company.

Code of Ethics

The Company has adopted a code of ethics which applies to its principal executive officer, principal financial officer, principal accounting officer or persons performing similar functions. A copy of this code of ethics was previously included as an exhibit to our annual report on Form 10-KSB for the fiscal year ended December 31, 2005, and is incorporated herein by reference.

Item 10. Executive Compensation.

No officer or director received any remuneration from the Company during the fiscal year. Until the Company acquires additional capital, it is not intended that any officer or director will receive compensation from the Company other than reimbursement for out-of-pocket expenses incurred on behalf of the Company. See "Certain Relationships and Related Transactions." The Company has no stock option, retirement, pension, or profit-sharing programs for the benefit of directors, officers or other employees, but the Board of Directors may recommend adoption of one or more such programs in the future.

Item 11. Security Ownership of Certain Beneficial Owners and Management.

The following table sets forth, as of December 31, 2007, the number of shares of common stock owned of record and beneficially by executive officers, directors and any person who is the beneficial owner of more than 5% of the Company's common stock. Also included are the shares held by all executive officers and directors as a group.

MANAGEMENT AND 5% OR GREATER NUMBER OWNERSHIP
SHAREHOLDERS/BENEFICIAL OWNERS OF SHARES PERCENTAGE
------------------------------ --------- ----------

John P. O'Shea 921,467 57.23%
c/o 100 Wall St, 7th Fl
New York, NY 10005

Marika X. Tonay 14,000 0.87%
c/o 100 Wall St, 7th Fl
7th Floor
New York, NY 10005

Deborah A. Salerno 453,333 28.16%
355 South End Ave, Ste 22-B
New York, NY 10280

All directors and executive 935,467 58.10%
officers as a group (2 persons)

Each principal shareholder has sole investment power and sole voting power over the shares owned.

Possible Change in Control.

In the event of a purchase of control by other persons, or a merger, the shareholders and management listed above will no longer own the percentages set forth above, and shareholders may be subject to decisions by the new control parties to which they may not assent.

The Company does not have an Equity Compensation Plan nor are any securities authorized for issuance under such type plan.

ITEM 12. Certain Relationships and Related Transactions.

No officer, director, or affiliate of the Company has during the last two years, or proposes to have, any direct or indirect material interest in any asset proposed to be acquired by the Company through security holdings, contracts, options, or otherwise.

The Company has adopted a policy under which any consulting or finder's fee that may be paid to a third party or affiliate for consulting services to assist management in evaluating a prospective business opportunity would be paid in stock or in cash. Any such issuance of stock would be made on an ad hoc basis. Accordingly, the Company is unable to predict whether or in what amount such stock issuance might be made.

Although there is no current plan in existence, it is possible that the Company will adopt a plan to pay or accrue compensation to its officers and directors for services related to seeking business opportunities and completing a merger or acquisition transaction.

The Company maintains a mailing address at 10 West Street, Suite 28-C, New York, NY 10004, the home of its President, John P. O'Shea, but otherwise does not maintain an office. As a result, it pays no rent and incurs no expenses for maintenance of an office and does not anticipate paying rent or incurring office expenses in the future. It is likely that the Company will establish and maintain an office after completion of a business combination.

ITEM 13. Exhibits and Reports on Form 8-K.

(a) Exhibits

31.1 Certification by the Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-0xley Act of 2002

32.1 Certification by the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, Section 906 of the Sarbanes-Oxley Act of 2002

(b) Reports on Form 8-K:

None.

ITEM 14. Principal Accountant Fees and Services.

(1) AUDIT FEES

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountants for the audit of the Company's annual financial statements and review of financial statements included in the Company's Form 10-QSB (17 CFR 249.308b) or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were $5,250 for the fiscal year ended December 31, 2007 and $3,300 for the fiscal year ended December 31, 2006.

(2) AUDIT-RELATED FEES

There have been no fees billed in either of the last two fiscal years for assurance and related services by the principal accountant.

(3) TAX FEES

There have been no fees billed in either of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, or tax planning.

(4) ALL OTHER FEES

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

(5) PRE-APPROVAL POLICIES AND PROCEDURES

Before the principal accountant is engaged by the Company to render audit or non-audit services, the engagement is approved by the Company's Board of Directors acting as the audit committee.

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.

Date: March 31, 2008

STRATEGIC ACQUISITIONS, INC.

By: /s/ JOHN P. O'SHEA
 ------------------------
 John P. O'Shea
 President and
 Principal Financial Officer

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

Name Title Date
---- ----- ----

 President
/s/ JOHN P. O'SHEA Principal Financial Officer
---------------------- Director March 31, 2008
 John P. O'Shea

 Secretary
/s/ MARIKA X. TONAY Treasurer
---------------------- Director March 31, 2008
 Marika X. Tonay

Exhibit 31.1 Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, John P. O'Shea, certify that:

1. I have reviewed this annual report on Form 10-KSB of Strategic Acquisitions, Inc. (the "Registrant");

2. Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the Registrant and have:

a) designed such disclosure controls and procedures to ensure that material information relating to the Registrant is made known to me, particularly during the period in which this annual report is being prepared. The Registrant has no consolidated or unconsolidated subsidiaries;

b) evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

c) disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

/s/ JOHN P. O'SHEA March 31, 2008
---------------------------------------
John P. O'Shea
Principal Executive Officer and
Principal Financial Officer

Exhibit 32.1 Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the filing of the Annual Report on Form 10-KSB of Strategic Acquisitions, Inc. (the "Company") for the year ended December 31, 2007 as filed with the Securities and Exchange Commission, I, John P. O'Shea, President of the Company certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results or operations of the Company.

/s/ JOHN P. O'SHEA March 31, 2008
---------------------------------
John P. O'Shea
Principal Executive Officer and
Principal Financial Officer

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