<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB

{X}     Quarterly Report pursuant to Section 13 or 15(d) of the Securities
        Exchange Act of 1934
        For the quarterly period ended June 30, 1999
{ }     Transition Report pursuant to Section 13 or 15(d) of the Securities
        Exchange Act of 1934

Commission File Number         03-13615
                        ---------------------

                        CELLCOM CORP.
----------------------------------------------------------------
(Exact name of Small Business Issuer as specified in its charter)


          Delaware                            06-1106964
------------------------------     ------------------------------
   (State of Incorporation)           (IRS Employer ID Number)

         520 South Fourth Street, Las Vegas, Nevada  89101
------------------------------------------------------------------
              (Address of principal executive offices)

                      (702) 474-9920
------------------------------------------------------------------
        (Issuer's telephone number, Including area code)

Check whether the Issuer: (1) has filed all reports 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 report(s), and (2) has
been subject to the filing requirements for at least the past 90 days.

                X     Yes                   No
           ---------               --------

             APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY
                      PROCEEDINGS FOR THE LAST FIVE YEARS

Check whether issuer has filed all documents and reports required to be filed
by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.

                X     Yes                   No
           ---------               --------

The issuer had 15,625,272 shares of Common Stock outstanding as of August 7,
1999.

Transitional Small Business Disclosure Format:

                X     Yes                   No
           ---------               --------


<PAGE>   2






CELLCOM CORP. AND SUBSIDIARIES
FORM 10-QSB INDEX
================================================================================
<TABLE>
<CAPTION>
                                                                  PAGE  #
                                                                ---------------
PART I- FINANCIAL INFORMATION
        ---------------------
<S>                                                             <C>
Condensed Consolidated Balance Sheets as of
June 30, 1999 (Unaudited) and September 30, 1998........             3

Condensed Consolidated Statements of Operations for
the Three Months Ended June 30, 1999 and 1998
(Unaudited)..............................................            4

Condensed Consolidated Statements of Operations for
the Nine Months Ended June 30, 1999 and 1998
(Unaudited)..............................................            5

Condensed Consolidated Statements of Cash Flows for the
Nine Months Ended June 30, 1999 and 1998 (Unaudited).....            6

Notes to the Condensed Consolidated Financial
Statements (Unaudited)...................................            7

Management's Discussion and Analysis ....................            8


PART II- OTHER INFORMATION
         -----------------

Exhibits and Reports on Form 8-K.........................            9

Signatures...............................................           10
</TABLE>



                                       2

<PAGE>   3


                         PART 1 - FINANCIAL INFORMATION


Item 1. Financial Statements



CELLCOM CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
JUNE 30, 1999 (UNAUDITED) AND SEPTEMBER 30, 1998
================================================================================

                         (Dollar amounts in thousands)

<TABLE>
<CAPTION>
                                                   06/30/99          09/30/98
                                                 -----------       ----------
<S>                                              <C>              <C>
ASSETS
------------------------------------

CURRENT ASSETS:
Cash and cash equivalents                         $       1        $       11
Accounts receivable                                       5                 4
Prepaid expenses                                          0                 1
                                                 -----------       -----------

TOTAL CURRENT ASSETS                              $       6         $      16
                                                 ===========       ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------

CURRENT LIABILITIES:
Accounts payable                                         29                16
Taxes payable                                            53                53
                                                 -----------       -----------

TOTAL CURRENT LIABILITIES                                82                69
                                                 -----------       -----------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY:
Common stock, $.001 par value;
  100,000,000 shares authorized
  and 15,625,272 shares issued
  and outstanding                                        16                12
Additional paid-in capital                           11,046            11,046
Accumulated deficit                                 (11,137)          (11,114)
                                                 -----------       -----------

TOTAL STOCKHOLDERS' EQUITY                              (76)              (53)
                                                 -----------       -----------

TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY                                            $       6         $      16
                                                 ===========       ===========
</TABLE>


          SEE NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


                                       3


<PAGE>   4


CELLCOM CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE THREE MONTHS ENDED JUNE 30, 1999 AND 1998 (UNAUDITED)
================================================================================

             (Dollar amounts in thousands except per share amounts)

<TABLE>
<CAPTION>
                                                                Three Months Ended,
                                                                      June 30,
                                                          --------------------------------

                                                                 1999              1998
                                                             -----------       -----------
<S>                                                       <C>               <C>
CONTINUING OPERATIONS
  General and administrative                                  $       8         $       9
  Interest income                                                     0                 0

                                                           --------------   ---------------

NET LOSS                                                      $      (8)        $      (9)

                                                           ==============   ===============

INCOME <LOSS> PER SHARE:

  NET LOSS PER SHARE (1)                                      $     .00         $     .00

                                                           ==============   ===============

WEIGHTED AVERAGE NUMBER
 OF SHARES:                                                  15,625,272        15,625,272
                                                           ==============   ===============
</TABLE>


(1) - Less than $.01 per share.







            SEE NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


                                       4

<PAGE>   5

CELLCOM CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE NINE MONTHS ENDED JUNE 30, 1999 AND 1998 (UNAUDITED)
================================================================================
             (Dollar amounts in thousands except per share amounts)
<TABLE>
<CAPTION>
                                                                   Nine Months Ended,
                                                                        June 30,
                                                            -------------------------------

                                                                 1999              1998
                                                             -----------       ------------
<S>                                                        <C>              <C>
CONTINUING OPERATIONS
  General and administrative                                  $      23         $      31
  Interest income                                                     0                 0

                                                           --------------   ---------------

NET LOSS                                                      $     (23)        $     (31)

                                                           ==============   ===============

INCOME <LOSS> PER SHARE:

  NET LOSS PER SHARE (1)                                      $     .00         $     .00

                                                           ==============   ===============

WEIGHTED AVERAGE NUMBER
 OF SHARES:                                                  15,625,272        15,625,272
                                                           ==============   ===============
</TABLE>

(1) - Less than $.01 per share.







            SEE NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS



                                       5

<PAGE>   6


CELLCOM CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED JUNE 30, 1999 AND 1998 (UNAUDITED)
================================================================================

                         (Dollar amounts in thousands)

<TABLE>
<CAPTION>
                                                                  Nine Months Ended,
                                                                       June 30,
                                                            -------------------------------

                                                                 1999              1998
                                                              ----------       ----------
<S>                                                        <C>              <C>
CASH FLOWS USED FOR OPERATING ACTIVITIES:

  Net income (loss)                                          $      (23)        $     (31)
  Adjustments to reconcile net income
    (loss) to net cash used for operating
    activities:
  Change in operating assets and liabilities:
    Decrease in accounts receivable                                   0                 1
    Decrease (Increase) in prepaid assets                             0                (1)
    Decrease (Increase) in accounts payable                          13               (21)

                                                             -----------       ------------
NET CASH PROVIDED BY (USED FOR)
 OPERATING ACTIVITIES                                               (10)              (52)
                                                             -----------       ------------

NET CASH PROVIDED BY (USED FOR)
 FINANCING ACTIVITIES                                                 0                61
                                                             -----------       ------------

NET INCREASE (DECREASE) IN CASH
 AND CASH EQUIVALENTS                                               (10)                9
                                                             -----------       ------------

CASH AND CASH EQUIVALENTS
 AT BEGINNING OF PERIOD                                              11                11
                                                             -----------       ------------

CASH AND CASH EQUIVALENTS
 AT END OF PERIOD                                             $       1         $      20
                                                             ===========       ============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
 INFORMATION:

  INTEREST INCOME                                             $       0         $       0
                                                             ===========       ============

  INCOME TAXES PAID                                           $       0         $       0
                                                             ===========       ============
</TABLE>


            SEE NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


                                       6

<PAGE>   7





CELLCOM CORP. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
================================================================================

1.      BASIS OF PRESENTATION

        The financial information included herein has been prepared pursuant to
        Statement of Position 90-7, "Financial Reporting by Entities in
        Reorganization Under the Bankruptcy Code" ("SOP 90-7"). The
        accompanying consolidated balance sheet distinguishes between
        liabilities subject to compromise and liabilities not subject to
        compromise pursuant to the Bankruptcy Code. The accompanying
        consolidated financial statements of Cellcom Corp. and its subsidiaries
        have been prepared on a going concern basis which contemplates the
        realization of assets and the settlements of liabilities and
        commitments in the ordinary course of business.

        The financial information at June 30, 1999 and for the three months and
        nine months ended June 30, 1999 are unaudited and reflect all
        adjustments (that include only normal recurring adjustments) which are,
        in the opinion of Management, necessary for a fair presentation of the
        financial position, results of operations and cash flows for interim
        periods.

2.      PETITION FOR RELIEF UNDER CHAPTER 11

        On April 16, 1992, the Company filed voluntary petitions for relief
        under Chapter 11 of the United States Bankruptcy Code (the "Petitions")
        in the United States Bankruptcy Court of the Southern District of New
        York (the "Court"). Under Chapter 11, certain claims against the
        Company in existence prior to the filing of the Petitions for relief
        under the federal bankruptcy laws were stayed while the Company
        continued its business operations as debtor-in-possession.

        On August 20, 1993, the Company filed a Modified Consolidated Plan of
        Reorganization (the "Plan") with the Court. The "Post Confirmation
        Order" was dated and notice was given on October 7, 1993. The Plan
        called for a consolidation of the Company and its subsidiaries for tax
        and accounting purposes and the Company will continue to pursue
        collection of contingent assets. Pursuant to the terms of the Plan, the
        Company has settled all administrative, secured and priority claims.
        All funds remaining after these distributions have been distributed
        among the unsecured creditors and the Company.


                                       7

<PAGE>   8


        The Company has no operations. It is principally engaged in controlling
        its assets (principally cash) and administering its liabilities. The
        Company is in the process of evaluating potential business
        opportunities which could be attained by merger or acquisition. In
        Management's opinion, if the Company embarks on a new business venture,
        no assurance can be given regarding the future success of such a
        business due to all the attendant costs and risks associated with
        starting or acquiring a new business.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
================================================================================
        OVERVIEW

        Prior to April 1992, Cellcom Corp. and its subsidiaries (the "Company")
        experienced declining working capital, net operating losses, negative
        cash flow and increased rate of customer deactivations in certain
        markets. Consequently, Management and the Board of Directors concluded
        that it was in the best interest of the Company to seek protection from
        its creditors under the U.S. Bankruptcy Code. Please see the
        accompanying footnote to the consolidated financial statements.

        LIQUIDITY AND CAPITAL RESOURCES

        The Company did not have sufficient cash to pay its current and
        anticipated operating expenses. In January 1998, a stock sale was
        transacted which provided $61,000 in cash resources and additional
        funding will be obtained as needed from the same source. For additional
        information on this transaction, please see footnote 6 in the September
        30, 1998 10-KSB.

        The Company has a net operating loss carryforward ("NOL") of
        approximately $9.6 million for both financial reporting and income tax
        purposes which will begin to expire in 1999 through 2007. The Company
        expects to use this NOL to offset earnings in potential business
        opportunities. If the Company embarks on a new business venture, no
        assurance can be given regarding the future success of such a business
        due to all the attendant costs and risks associated with starting or
        acquiring a new business.

                                       8

<PAGE>   9



     RESULTS OF OPERATIONS

                THREE MONTHS ENDED JUNE 30, 1999 AND 1998

     The Company had no operating revenues for the three month period ended
     June 30, 1999 or 1998.

     The Company incurred general and administrative expenses of $8,000 and
     $9,000 during the three month period ended June 30, 1999 and 1998,
     respectively. The Company continues to incur administrative expenses
     even though it has no operations.

                 NINE MONTHS ENDED JUNE 30, 1999 AND 1998

     The Company had no operating revenues for the nine month periods ended
     June 30, 1999 or 1998.

     The Company incurred general and administrative expenses of $23,000 and
     $31,000 during the nine month period ended June 30, 1999 and 1998,
     respectively. The Company continues to incur administrative expenses
     even though it has no operations.

PART II. - OTHER INFORMATION

Item 6. - Exhibits and reports on Form 8-K.

     A.    Exhibits

           27.1 - Financial Data Schedule

     B.    Reports on Form 8-k.

           None.


                                       9

<PAGE>   10


CELLCOM CORP. AND SUBSIDIARIES
SIGNATURES
================================================================================


In accordance with the requirements of the Exchange Act, the Registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

Dated:         September 10, 1999
               Las Vegas, Nevada           CELLCOM CORP.


                                           By:/s/ Jay H. Brown
                                              --------------------------------

                                               Jay H. Brown
                                               President and
                                               Chief Executive Officer
                                               (Principal Executive Officer)


                                           By:/s/ David A. Obal
                                              --------------------------------

                                               David A. Obal
                                               Chief Financial Officer
                                               (Principal Financial and
                                                Accounting Officer)


                                 Exhibit Index
<TABLE>
<CAPTION>
Exhibit        Description
-------        -----------
<S>            <C>
27.1           Financial Data Schedule
</TABLE>


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