**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      D.C. 20549**





**FORM
      10-Q**





x
      QUARTERLY REPORT
      PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
      1934





For
      the
      quarterly period ended March 31, 2008





o
      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:  **000-52074**





**4C
      Controls Inc.**


(Exact
      Name of Registrant as Specified in its Charter)





**Nevada******
            **98-0446287**(State
                or other jurisdiction of
            (IRS
                Employerincorporation
                or organization)
            Identification
                No.)





**Rockefeller
      Center**


**1230
      Avenue of the Americas - 7th Floor**


**New
      York, NY 10020**


(Address
      of principal executive offices)





**(917)
      639-4305**


(Registrant’s
      Telephone Number, Including Area Code)





**N/A**


(Former
      Name, Former Address and Former Fiscal Year,


if
      Changed Since Last Report)





Indicate
      by check mark whether the registrant (1) has filed all reports required to
      be
      filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
      the
      preceding 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 o





Indicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer, a non-accelerated filer, or a smaller reporting company.
      See
      the definitions of “large accelerated filer,” “accelerated filer” and “smaller
      reporting company” in Rule 12b-2 of the Exchange Act. (Check one):


Large Accelerated Filer
              o
              Accelerated
                Filer
              oNon-Accelerated Filer
              o
              Smaller Reporting Company
              x





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


Yes
o
      No x





As
      of May
      12, 2008, the Issuer had 42,524,000 shares of its Common Stock outstanding.










**TABLE
      OF CONTENTS**




**PART
                      I: FINANCIAL INFORMATION**Item
                      1: Financial Statements
                  4Item
                      2: Management’s Discussion and Analysis or Plan of
                      Operation
                  11Item
                      3: Quantitative and Qualitative Disclosures about Market
                      Risk
                  14Item
                      4T: Controls and Procedures
                  14**PART
                      II: OTHER INFORMATION**Item
                      1: Legal Proceedings
                  16Item
                      2: Unregistered Sales of Equity Securities and Use of
                      Proceeds
                  16Item
                      3: Defaults Upon Senior Securities
                  16Item
                      4: Submission of Matters to a Vote of Security Holders
                  16Item
                      5: Other Information
                  16Item
                      6: Exhibits
                  17**SIGNATURES**
                  18




2





**SPECIAL
      NOTE REGARDING FORWARD-LOOKING STATEMENTS**




This
      Report on Form 10-Q (this “Report”) includes forward-looking statements within
      the meaning of the Private Securities Litigation Reform Act of 1995, Section
      27A
      of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
      of
      1934. Forward-looking statements include statements concerning our plans,
      objectives, goals, strategies, future events, future revenues or performance,
      capital expenditures, financing needs and other information that is not
      historical information and, in particular, appear in the sections entitled
“Risk
      Factors,” “Management’s Discussion and Analysis of Financial Condition and
      Results of Operations” and elsewhere in this Report. When used in this Report,
      the words “estimates,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “should” and variations of these
      words or similar expressions (or the negative versions of any these words)
      are
      intended to identify forward-looking statements. All forward-looking statements,
      including, without limitation, management’s examination of historical operating
      trends, are based upon our current expectations and various assumptions. Our
      expectations, beliefs and projections are expressed in good faith and we believe
      there is a reasonable basis for them. However, we can give no assurance that
      management’s expectations, beliefs and projections will be achieved.





There
      are
      a number of risks and uncertainties that could cause our actual results to
      differ materially from the results referred to in the forward-looking statements
      contained in this Report. Important factors outside the scope of our control
      could cause our actual results to differ materially from the results referred
      to
      in the forward-looking statements we make in this Report. Without limiting
      the
      foregoing, if we are unable to acquire approvals or consents from third parties
      or governmental authorities with respect to our new business model, our plans
      to
      commence our new business may become irrevocably impaired.





All
      forward-looking statements included herein are expressly qualified in their
      entirety by the cautionary statements contained or referred to in this Report.
      Except to the extent required by applicable laws and regulations, the Company
      undertakes no obligation to update these forward-looking statements to reflect
      events or circumstances after the date of this Report or to reflect the
      occurrence of unanticipated events.




Unless
      otherwise provided in this Report, references to the “Company,” the
“Registrant,” the “Issuer,” “we,” “us,” and “our” refer to 4C Controls Inc.
      (formally known as Amecs Inc.).




3




**PART
      I**  **FINANCIAL
      INFORMATION**





**ITEM
      1. FINANCIAL STATEMENTS**




4C
                  Controls Inc. (Formerly known as Amecs Inc.)(A
                  Development Stage Company)Balance
                  SheetMarch
                  31,
              
              December
                  31,2008
              
              2007**ASSETS**
              
              (unaudited)**Current
                  Assets**Cash
              
              
              25,838
              
              
              6,313Investment
                  in BQT Solutions, Ltd.
              
              
              940,900
              
              
              -Total
                  Current Assets and Total Assets
              
              
              966,738
              
              
              6,313**LIABILITIES
                  AND STOCKHOLDERS' EQUITY****Current
                  Liabilities**Accrued
                  liabilities
              
              
              73,780
              
              
              18,000Loan
                  from stockholder
              
              
              100,000
              
              
              -Total
                  Current Liabilities and Total Liabilities
              
              
              173,780
              
              
              18,000Commitments
                  and ContingenciesStockholders'
                  Equity (Deficiency)
              
              
              792,958
              
              
              (11,687
              )Total
                  Liabilities and Stockholders' Equity (Deficiency)
              
              
              966,738
              
              
              6,313
  4
 4C
                    Controls Inc. (Formerly known as Amecs Inc.)(A
                    Development Stage Company)(Unaudited)
                    Statement of OperationsFor
                    the Three
                
                For
                    the Three
                
                Accumulated
                    fromMonths
                    ended
                
                Months
                    ended
                
                December
                    28, 2004March
                    31,
                
                March
                    31,
                
                (Date
                    of Inception)2008
                
                2007
                
                to
                    March 31, 2008Revenue
                
                
                -
                
                
                
                
                
                -**Expenses**Consulting
                    fees
                
                
                -
                
                
                -
                
                
                7,500Donated
                    services
                
                
                -
                
                
                3,000
                
                
                24,000Impairment
                    loss on website development
                
                
                -
                
                
                -
                
                
                5,000Board
                    of Directors Fees
                
                
                6,000
                
                
                -
                
                
                6,000General
                    and administrative
                
                
                25,453
                
                
                343
                
                
                32,267Personnel
                
                
                24,943
                
                
                -
                
                
                24,943Professional
                    fees
                
                
                79,860
                
                
                10,209
                
                
                171,500Total
                    expenses
                
                
                136,255
                
                
                13,552
                
                
                271,209Net
                    Loss
                
                
                (136,255
                )
                
                (13,552
                )
                
                (271,209
                )Net
                    Loss Per Share
                
                
                (0.0032
                )
                
                (0.0003
                )Weighted
                    Average Shares Outstanding
                
                
                42,173,766
                
                
                42,053,550*After
                    giving effect to stock dividend.
 5
 4C
                    Controls Inc. (Formerly known as Amecs Inc.)(A
                    Development Stage Company)(Unaudited)
                    Statement of Stockholders' EquityFor
                    the Period from December 28, 2004 (Date of Inception) to March
                    31,
                    2008
                
                
                
                
                
                
                
                DeficitCommon
                
                AccumulatedAdditional
                
                
                
                Stock
                
                During
                    theCommon
                    Stock
                
                Paid-in
                
                Donated
                
                Dividend
                
                DevelopmentShares
                
                Par
                
                Capital
                
                Capital
                
                Distributable
                
                Stage
                
                TotalBalance
                    - December 28, 2004
                
                #
                
                Value
                    ($)
                
                ($)
                
                ($)
                
                
                
                ($)
                
                ($)(Date
                    of Inception)Common
                    stock issued for cash at$0.00001
                    per share
                
                
                5,000,000
                
                
                50
                
                
                -
                
                
                -
                
                
                
                
                
                
                
                
                50Net
                    loss for the period
                
                
                -
                
                
                -
                
                
                -
                
                
                -
                
                
                
                
                
                (6,520
                )
                
                (6,520
                )Balance
                    - December 31, 2004
                
                
                5,000,000
                
                
                50
                
                
                -
                
                
                -
                
                
                
                
                
                (6,520
                )
                
                (6,470
                )Common
                    stock issued for cash at$0.10
                    per share
                
                
                1,007,650
                
                
                10
                
                
                100,755
                
                
                
                
                
                
                
                
                
                
                
                100,765Shares
                    issuance costs
                
                
                
                
                
                
                
                
                (1,548
                )
                
                
                
                
                
                
                
                
                
                
                (1,548
                )Donated
                    services
                
                
                
                
                
                
                
                
                
                
                
                12,000
                
                
                
                
                
                
                
                
                12,000Net
                    loss for the year
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (48,442
                )
                
                (48,442
                )Balance
                    - December 31, 2004
                
                
                6,007,650
                
                
                60
                
                
                99,207
                
                
                12,000
                
                
                
                
                
                (54,962
                )
                
                56,305Donated
                    services
                
                
                
                
                
                
                
                
                
                
                
                12,000
                
                
                
                
                
                
                
                
                12,000Net
                    loss for the year
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (42,707
                )
                
                (42,707
                )Balance
                    - December 31, 2006
                
                
                6,007,650
                
                
                60
                
                
                99,207
                
                
                24,000
                
                
                
                
                
                (97,669
                )
                
                25,598Effect
                    of stock dividend
                
                
                36,045,900
                
                
                
                
                
                
                
                
                
                
                
                360
                
                
                (360
                )
                
                -Net
                    loss for the year
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (37,285
                )
                
                (37,285
                )Balance
                    - December 31, 2007
                
                
                42,053,550
                
                
                60
                
                
                99,207
                
                
                24,000
                
                
                360
                
                
                (135,314
                )
                
                (11,687
                )Sale
                    of common stock
                
                
                470,450
                
                
                5
                
                
                940,895
                
                
                
                
                
                
                
                
                
                
                
                940,900Issuance
                    of stock dividend
                
                
                
                
                
                360
                
                
                
                
                
                
                
                
                (360
                )
                
                
                
                
                -Net
                    loss for the period
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (136,255
                )
                
                (136,255
                )Balance
                    - March 31, 2008
                
                
                42,524,000
                
                
                425
                
                
                1,040,102
                
                
                24,000
                
                
                -
                
                
                (271,569
                )
                
                792,958
 
 6
 4C
                    Controls Inc. (Formerly known as Amecs Inc.)(A
                    Development Stage Company)(Unaudited)
                    Statement of Cash FlowsAccumulated
                    fromFor
                    the Three
                
                For
                    the Three
                
                December
                      28, 2004Months
                    ended
                
                Months
                    ended
                
                (Date
                    ofMarch
                    31,
                
                March
                    31,
                
                Inception)2008
                
                2007
                
                to
                    March 31, 2008Operating
                    ActivitiesNet
                    loss
                
                
                (136,255
                )
                
                (13,552
                )
                
                (271,209
                )Adjustments
                    to reconcile net loss to net cashused
                    in operating activities:Donated
                    services
                
                
                -
                
                
                3,000
                
                
                24,000Impairment
                    loss on website development costs
                
                
                -
                
                
                -
                
                
                5,000Change
                    in operating assets and liabilitiesAccrued
                    expenses
                
                
                55,780
                
                
                9,093
                
                
                73,780Net
                    Cash Used in Operating Activities
                
                
                (80,475
                )
                
                (1,459
                )
                
                (168,429
                )Investing
                    ActivitiesWebsite
                    development costs
                
                
                -
                
                
                -
                
                
                (5,000
                )Net
                    Cash Used in Investing Activities
                
                
                -
                
                
                -
                
                
                (5,000
                )Financing
                    ActivitiesLoan
                    from Stockholder
                
                
                100,000
                
                
                -
                
                
                100,000Advances
                    from a related party
                
                
                -
                
                
                134
                
                
                34,019Repayment
                    to a related party
                
                
                -
                
                
                -
                
                
                (34,019
                )Investment
                    in BQT Solutions, Ltd.
                
                
                (940,900
                )
                
                -
                
                
                (940,900
                )Net
                    proceeds from issuance of common shares
                
                
                940,900
                
                
                -
                
                
                1,040,167Net
                    Cash Provided by Financing Activities
                
                
                100,000
                
                
                134
                
                
                199,267Increase
                    (Decrease) in Cash
                
                
                19,525
                
                
                (1,325
                )
                
                25,838Cash-
                    Beginning of Period
                
                
                6,313
                
                
                26,768
                
                
                -Cash
                    - End of Period
                
                
                25,838
                
                
                25,443
                
                
                25,838
   7
  **4C
          CONTROLS INC.**
 Notes
          to
          Financial Statements
 (Unaudited)
 
 **NOTE
          A - BASIS OF PRESENTATION**
 
 The
          accompanying unaudited financial statements of 4C Controls, Inc. (the “Company”)
          reflect all material adjustments consisting of only normal recurring adjustments
          that, in the opinion of management, are necessary for a fair presentation
          of
          results for the interim periods. Certain information and footnote disclosures
          required under accounting principles generally accepted in the United States
          of
          America have been condensed or omitted pursuant to the rules and regulations
          of
          the Securities and Exchange Commission, although the Company believes that
          the
          disclosures are adequate to make the information presented not misleading.
          These
          financial statements should be read in conjunction with the financial statements
          and notes thereto included in the Company’s Annual Report on Form 10-KSB for the
          year ended December 31, 2007 as filed with the Securities and Exchange
          Commission.
 
 The
          preparation of financial statements in conformity with accounting principles
          generally accepted in the United States of America 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 revenues and expenses
          during the reporting period. Actual results could differ from those estimates.
 
 The
          results of operations for the three months ended March 31, 2008 and 2007
          are not
          necessarily indicative of the results to be expected for the entire year
          or for
          any other period.
 
 **NOTE
          B - GOING CONCERN**
 
 The
          Company is in the development stage during which management has devoted
          most of
          its activities to the development of a business plan for the Company. As
          of
          March 31, 2008, the Company has an accumulated deficit of $271,569. The
          ability
          of the Company to continue as a going concern and to emerge from the development
          stage is dependent upon its successful execution of its plan of operations
          and
          ability to raise additional financing. There is no guarantee that the Company
          will be able to raise additional capital or sell any of its products and
          services at a profit. These factors, among others, raise substantial doubt
          regarding the Company’s ability to continue as a going concern. The accompanying
          financial statements do not include any adjustments that might result from
          the
          outcome of this uncertainty.
 
 **NOTE
          C - STOCKHOLDERS’ EQUITY**
  On
          March
          7, 2008, the Company sold an existing shareholder 470,450 shares of its
          common
          stock and warrants exercisable for the purchase of 117,613 shares of the
          Company’s common stock for an aggregate consideration $940,900. The warrants
          will become exercisable on March 3, 2009, will expire on March 3, 2018,
          and will
          be exercisable at a price of $.25 per share.
 
 On
          December 18, 2007, the Board of Directors declared the payment of a stock
          dividend to the stockholders of record of the Company as of January 2,
          2008. The
          stock dividend was paid on January 4, 2008. Each stockholder received six
          additional shares of the Company’s common stock for each one share of the
          Company’s common stock which they held on the record date. Following the payment
          of the stock dividend, the issued and outstanding share ownership of the
          Company
          increased from 6,007,650 shares of Company common stock to 42,053,550 shares
          of
          common stock.
 
 8
 Common
          stock, stock options and warrants issued to other than employees or directors
          in
          exchange for services are recorded on the basis of their fair value, as
          required
          by SFAS No. 123R, which is measured as of the date required by EITF
          Issue 96-18, *“Accounting
          for Equity Instruments That Are Issued to Other Than Employees for Acquiring,
          or
          in Conjunction with Selling, Goods or Services* ”.
          In
          accordance with EITF 96-18, the non-employee stock options or warrants are
          measured at their fair value by using the Black-Scholes option pricing
          model as
          of the earlier of the date at which a
          commitment for performance to earn the equity instruments is reached
          (“performance commitment date”) or the date at which performance is complete
          (“performance completion date”). The stock-based compensation expenses are
          recognized on a straight-line basis over the shorter of the period over
          which
          services are to be received or the vesting period. Accounting for non-employee
          stock options or warrants which involve only performance conditions when
          no
          performance commitment date or performance completion date has occurred
          as of
          reporting date requires measurement at the equity instruments then-current
          fair
          value. Any subsequent changes in the market value of the underlying common
          stock
          are reflected in the expense recorded in the subsequent period in which
          that
          change occurs.
 
 On
          March
          25, 2008 the Company issued warrants to purchase 20,000,000 shares at $3.45
          per
          share exercisable only when certain performance commitments occur.
 
 **NOTE
          D - INVESTMENT IN BQT SOLUTIONS LTD.**
 
 The
          Company has made an initial investment of $940,900 into BQT Solutions Ltd.
          (“BQT”) in consideration for 5,000,000 ordinary shares of BQT, which represents
          less than 1% of the outstanding shares of BQT.
 
 BQT
          is an
          Australian public company specializing in access control systems, biometric
          and
          smart card readers, CCTV, cameras and customized developments for selected
          clients. BQT’s strategy is to diversify and expand its activities in the
          security and surveillance technology sector. This strategy will involve
          hiring
          of senior management with expertise in the selected expansion sectors,
          particularly the commercial segment. BQT will focus on commercializing
          its SMAX
          access control system and support sales of existing company technologies
          of
          biometrics, smart card readers, CCTV cameras and customized solutions for
          selected key clients. The SMAX Access Control Management System is a
          sophisticated, intelligent and cost effective security application that
          provides
          movement and access controls within a facility.
 
 **NOTE
          E - RELATED PARTY TRANSACTION**
 
 On
          March
          12, 2008 the Company’s majority shareholder loaned the Company $100,000 to cover
          operating expenses. The loan bears interest at 7.5% per annum and is due
          on
          demand.
 
 **NOTE
          F - BASIC AND DILUTED NET LOSS PER SHARE**
 
 The
          Company reports income (loss) per share under the requirements of Statement
          of
          Financial Accounting Standards No. 128, “ *Earnings
          per Share* ”.
          Basic
          income (loss) per share includes the weighted average number of common
          shares
          outstanding during the year. Diluted income (loss) per share includes the
          weighted average number of shares outstanding and dilutive potential common
          shares, such as warrants and options. Since the Company had losses in the
          three
          months ended March 31, 2008, the stock options outstanding would have an
          anti-dilutive effect on net loss per share and as such are not included
          in the
          calculation.
 
 9
 **NOTE
          G - NEW ACCOUNTING PRONOUNCEMENTS**
 
 In
          December 2007, the FASB issued SFAS No. 141 (R), *Business
          Combinations* ,
          and
          SFAS No. 160, *Non-controlling
          Interests in Consolidated Financial Statements* .
          SFAS
          No. 141 (R) requires an acquirer to measure the identifiable assets acquired,
          the liabilities assumed, and any non-controlling 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. 160 clarifies that
          a
          non-controlling interest in a subsidiary should be reported as equity in
          the
          consolidated financial statement. The calculation of earnings per share
          will
          continue to be based on income amounts attributable to the parent. SFAS No.
          141 (R) and SFAS No. 160 are effective for financial statements issued
          for
          fiscal years beginning after December 15, 2008. Early adoption is prohibited.
          We
          have not yet determined the effect on our financial statements, if any,
          upon
          adoption of SFAS No. 141 (R) or SFAS No. 160.


10




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





**Introduction**





The
      following discussion of the financial condition and results of operations of
      the
      Company should be read in conjunction with the financial statements and the
      related notes thereto included elsewhere in this Report. This Report contains
      certain forward-looking statements and the Company's future operating results
      could differ materially from those discussed herein. Certain statements
      contained in this Report, including, without limitation, statements containing
      the words “believes”, “anticipates,” “expects” and the like, constitute
“forward-looking statements” within the meaning of Section 27A of the Securities
      Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
      1934,
      as amended (the “Exchange Act”). However, as the Company intends to issue “penny
      stock,” as such term is defined in Rule 3a51-1 promulgated under the Exchange
      Act, the Company is ineligible to rely on these safe harbor provisions. Such
      forward-looking statements involve known and unknown risks, uncertainties and
      other factors which may cause the actual results, performance or achievements
      of
      the Company to be materially different from any future results, performance
      or
      achievements expressed or implied by such forward-looking statements. Given
      these uncertainties, readers are cautioned not to place undue reliance on such
      forward-looking statements. The Company disclaims any obligation to update
      any
      such factors or to announce publicly the results of any revisions of the
      forward-looking statements contained or incorporated by reference herein to
      reflect future events or developments, except as required by the Exchange Act.




We
      were
      incorporated in the State of Nevada on December 28, 2004 as Amecs Inc. On March
      3, 2008, the Company announced a change in its business. The Company now intends
      to pursue a new business model on the basis of international security,
      surveillance, satellites, satellite images and access controls technology.
      As of
      March 31, 2008, the Company has not started operations related to the new
      business plans.





**Change
      of Control**





On
      December 18, 2007, Mr. Alexei Gavriline sold 5 million shares of the Company’s
      common stock to Rudana Investment Group AG (“Rudana”). Rudana purchased the
      shares of Company common stock pursuant to agreement dated as of December 5,
      2007. Rudana acquired 83.2% of the 6,007,650 issued and outstanding shares
      of
      the Company as of December 18, 2007. In connection with the execution of the
      agreement with Rudana and the change in control, Mr. Gavriline, who had served
      as the Company’s sole officer and director since the Company’s inception,
      resigned on December 18, 2007. Prior to Mr. Gavriline’s resignation, on December
      18, 2007, Mr. John Genner and Dr. Riccardo Maggiora were each appointed to
      fill
      vacancies on the board of directors of the Company. Mr. John Genner subsequently
      resigned as a director on February 5, 2008. Mr. Sharif Rehuman served as the
      interim President and Chief Executive Officer from December 18, 2007 until
      his
      resignation as of February 4, 2008.





**Plan
      of Operations**





In
      connection with a change of control that occurred on December 18, 2007, we
      changed our name from “Amecs Inc.” to “4C Controls Inc.” on February 12, 2008.
      Our trading symbol on the over-the-counter bulletin board changed to
      FOUR.





On
      February 6, 2008, Mr. Gerald Sullivan was appointed as the Chief Financial
      Officer and interim President and Chief Executive Officer of the Company. On
      February 6, 2008 Ms. Barbara Salz was appointed as Corporate Secretary. As
      of
      March 31, 2008 the Company’s Board of Directors consisted of Dr. Riccardo
      Maggiora who was appointed to fill a vacancy on the Board of Directors on
      December 18, 2007 and Dr. Augustine Fou who was appointed to fill a vacancy
      on
      the Board of Directors on February 6, 2008. Subsequent to the period covered
      by
      this Report, Mr. Jean-Robert Martin was appointed to fill a vacancy on the
      Board
      of Directors, effective April 29, 2008, and was appointed to serve as Chairman
      of the Board of Directors.





On
      March
      3, 2008, the Company announced a change in its business model. The Company
      now
      intends to pursue a new business model on the basis of international security,
      surveillance, satellite, satellite images and access controls technology. The
      Company intends to create strategic affiliations with leading international
      security and surveillance enterprises serving security markets worldwide and
      establish an ability to design, manage and integrate state-of-the-art high
      technology security solutions with comprehensive and fully integrated service
      offerings. The Company anticipates acquiring technologies and large global
      distribution networks primarily in the market sectors of (1) electronic
      surveillance and global access control markets; and (2) low-orbit high
      resolution satellite images and satellites technologies.




11




In
      order
      to commence its new business model, the Company has made a first tranch
      investment of AUD $1 million (approximately US $940,900) in BQT Solutions
      Limited (“BQT Solutions”), an Australian corporation. The payment for the
      investment was made on behalf of the Company by Rudana. On March 3, 2008, the
      Company entered into a Securities Purchase Agreement with the BQT Group (as
      defined below). Under the original terms of this agreement, it was intended
      that
      the total value of the Company’s investment in BQT Solutions would be AUD$24
      million (approximately US$21.6 million) of which AUD$4 million was intended
      to
      be directly invested in BQT Solutions, AUD$14 million (approximately US$12.6
      million) in BQT Satellites Ltd (“BQT Satellites”) and AUD$6 million
      (approximately US$5.6 million) in BQT Intelligent Security Systems Pty Ltd
      (“BQT
      Security,” and together with BQT Solutions and BQT Satellites, the “BQT Group”).
      Subsequent to the period covered by this Report, on May 1, 2008, the Company
      entered into an Amended and Restated Securities Purchase Agreement with the
      BQT
      Group (the “Amended and Restated Securities Purchase Agreement”). The Company’s
      investment in BQT Solutions has been amended to AUD$18 million. Subject to
      approval of the Amended and Restated Securities Purchase Agreement by the
      Shareholders of BQT Solutions Limited, the Company will continue its
      subscription for 20 million ordinary shares of BQT Solutions and be granted
      options for the issuance of an additional 9.5 million shares of BQT Solutions,
      which shares will become exercisable after a planned 7-to-1 reverse split of
      the
      common stock of BQT Solutions. Following the approval of BQT Solutions’
shareholders, the Company expects to purchase the 20 million ordinary shares
      of
      BQT Solutions for a total of AUD$4 million, out of which AUD$1 million was
      previously paid to BQT Solutions and AUD $14million in BQT Satellites. In
      exchange, the Company will own 40% of the share capital of BQT Satellites.
      The
      Company’s investment will enable BQT Satellites to commence operations of a
      business plan prepared by PriceWaterhouseCoopers. BQT Solutions expects to
      implement a new security development program directly, rather than through
      its
      subsidiary BQT Security.





The
      Company’s investments in the BQT Group and the strategic alliance transactions
      contemplated by the Amended and Restated Securities Purchase Agreement require
      approval by the BQT Solutions shareholders. BQT Solutions expects to solicit
      approval from its shareholders during the second quarter 2008. If the Company
      does not obtain approval from the shareholders of BQT Solutions, the Company
      nonetheless intends to pursue its new business model with other acquisitions.
      Rudana, the majority shareholder of the Company, has undertaken to provide
      4C
      Controls with the funds required to complete the Company’s strategic alliance
      financing investments in BQT Solutions.





The
      Company plans to position itself as a leading international security,
      surveillance, satellite, satellite images and access controls technology group
      serving security markets worldwide. The Company’s aim is to achieve the global
      superiority through cutting edge technology and industrial development, offering
      diverse and integrated solutions.





The
      Company’s strategy focuses on technology as the key driver of growth in the
      security market as the market shifts towards more integrated security solutions
      including:





•
            offering
                high technology security integrated solutions providing real-time
                early
                warning and reduction of time scales from threat-detection to termination
                in the field;





•
            planning
                strategic mergers and acquisitions in the global security industry
                to
                ensure fast access to the industry and strengthen its ability to
                design,
                manage and integrate cutting edge technological security solutions
                and
                achieve a comprehensive service offering;
                and





•
            primarily
                focusing on acquisition of technologies and large distribution networks
                in
                the following market sectors:




12




·
            Electronic
                Surveillance and Access Control Markets: Biometric, Radio Frequency
                identification (“RFID”), Real Time Locating Systems (“RTLS”) and
                closed-circuit television (“CCTV”);


·
            High
                Resolution Low Equatorial Synthetic Aperture Radar (“SAR”) Satellites;


·
            Ground
                stations for Satellite Images; and


·
            High
                performance ground radars for intrusion
                detection.





The
      Company’s strategy is to diversify and expand its activities in the international
      security, surveillance, satellite, satellite images and access controls
      technology sectors.
      This strategy is expected to involve hiring of senior management with expertise
      in the selected expansion sectors, particularly the commercial segment. The
      Company expects to conduct its expansion plan as follows:





The
      Company intends to focus on commercializing an access control systems and
      support sales of biometrics, smart card readers, CCTV cameras and customized
      solutions for selected key clients. Access control management systems are
      sophisticated, intelligent and cost effective security applications that provide
      movement and access controls within a facility.





The
      Company’s satellite plan intends to focus on design, building and operation of
      small SAR satellites dedicated for earth observation and surveillance. The
      Company has established an alliance with Politechnico di Torino (“Polito”), one
      of the leading European technology and scientific research institutes. The
      alliance is presently conducted with BQT Polito Space Technologies SPA (“BP
      Space”), an Italian private stock company.





The
      Company also intends to establish satellite ground stations at commercially
      attractive locations for receiving, processing and analyzing high and medium
      resolution satellite images.  The Company expects to enter into strategic
      alliance agreements regarding the operation of the satellite ground stations.
      The Company is only in the formative stage of planning for this
      business segment and has not yet established any ground stations or entered
      into any strategic alliances with respect to operation of the planned ground
      stations.





The
      Company is negotiating the acquisition from Polito of technologies in the field
      of intrusion detection systems, radar systems for border and pipeline
      surveillance, RFID and RTLS for monitoring and surveillance. The Company is
      also
      negotiating the acquisition of a highly qualified manufacturer of security
      and
      surveillance products. The completion of this acquisition is expected to provide
      the Company with manufacturing capability for the technologies expected to
      be
      licensed from Polito.





**Revenues**





During
      the quarter ended March 31, 2008, the Company had no revenues.





**Research
      and Development**





The
      Company has not yet determined its anticipated spending on research and
      development activities for the year ending December 31, 2008. Research and
      development efforts are expected to be conducted by our strategic alliance
      and
      joint venture partners, including the Politechnico di Torino, in Torino,
      Italy.





**Plant
      and Equipment**





The
      Company has not yet determined its anticipated spending on plant and equipment
      for the year ending December 31, 2008.





**Employees**





Upon
      the
      resignation of Alexei Gavriline as our Company’s President and Chief Executive
      Officer on December 18, 2007, Mr. Sharif Rehuman was appointed President and
      Chief Executive Officer. Mr. Rehuman resigned as President and Chief Executive
      Officer as of February 4, 2008. On February 6, 2008, Gerald Sullivan was
      appointed as the Chief Financial Officer and interim President and Chief
      Executive Officer. As of March 31, 2008, our only employees were Mr. Sullivan,
      who is the Chief Financial Officer and interim President and Chief Executive
      Officer, and Barbara Salz, Corporate Secretary, each of whom serve on a
      part-time basis. The Company has not yet determined its anticipated employee
      and
      staff needs for the year ending December 31, 2008.




13




**Liquidity
      and capital resources**





During
      the quarter ended March 31, 2008 and to date, the primary source of capital
      has
      been loans from existing shareholders, and equity sales. Our operations to
      date
      have consumed substantial amounts of cash.  Our negative cash flow
      from operations is expected to continue and to accelerate in the foreseeable
      future as the Company invests in capital expenditures including production
      facilities.





As
      of the
      date of this Report, we have not yet generated any revenues from our business
      operations. Since inception, the Company has incurred total expenses of
      $271,209, including total expenses of $136,255 during the three months ended
      March 31, 2008.





We
      will
      need to raise additional capital to implement our new business plan and continue
      operations. We are seeking alternative sources of financing, through private
      placement of securities and loans from our shareholders in order for us to
      maintain our operations. We cannot guarantee that we will be successful in
      raising additional cash resources for our operations or that we will stay in
      business after our new business plan has commenced.





Our
      consolidated cash balance at March 31, 2008 was $25,838. As of March 31, 2008,
      our total assets (consisting of cash and investment in BQT Solutions, Ltd.)
      were
      $966,738 and our total liabilities were $173,780.





The
      Company has issued a warrant to Arimathea Limited in consideration for
      international corporate development services rendered on behalf of the Company.
      Assuming exercise in full of the warrant by Arimathea, the Company would realize
      approximately $70 million in proceeds. The warrant is exercisable for the
      purchase of 20 million shares of Company restricted common stock at an exercise
      price of US$3.45 per share, which was the closing publicly traded market price
      of the Company’s common stock on March 25, 2008, the date immediately preceding
      the date of grant of the warrant. The Arimathea warrant will vest and become
      exercisable in three equal tranches upon the following events: (i) closing
      of
      the Company’s BQT Group investments; (ii) closing of the first contract for the
      sale of a satellite by BQT Satellites; and (iii) closing of the second contract
      for the sale of a satellite by BQT Satellites. Under the terms of its warrant,
      Arimathea will not be permitted to exercise and own more than 4.9% of the
      Company’s Common Stock at any given time. The Arimathea Warrant does not contain
      any call provisions and there is no obligation on the part of Arimathea to
      exercise its warrant at any time. As a result of the contingent nature of
      the vesting of the Arimathea warrant, no expense has been
      recognized.





**Off
      Balance Sheet Arrangements**





The
      Company does not have any off balance sheet arrangements that have or are
      reasonably likely to have a current or future effect on the Company's financial
      condition, changes in financial condition, revenues or expenses, results of
      operations, liquidity, capital expenditures or capital resources.





**ITEM
      3.**  **QUANTITATIVE
      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**





Not
      Applicable.





**ITEM
      4T.**  **CONTROLS
      AND PROCEDURES**





As
      of the
      end of the period covered by this report, the Company carried out, under the
      supervision and with the participation of the Company’s management, including
      its Chief Executive Officer and Chief Financial Officer, an evaluation of the
      effectiveness of the design and operation of the Company’s disclosure controls
      and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Securities
      Exchange Act of 1934) in ensuring that information required to be disclosed
      by
      the Company in its reports is recorded, processed, summarized and reported
      within the required time periods.  In carrying out that evaluation,
      management identified a material weakness (as defined in Public Company
      Accounting Oversight Board Standard No. 2) in our internal control over
      financial reporting.




14




The
      material weakness identified by Management consisted of inadequate staffing
      and
      supervision within the bookkeeping and accounting operations of our
      company.  The relatively small number of employees who have
      bookkeeping and accounting functions prevents us from segregating duties within
      our internal control system.  The inadequate segregation of duties is
      a weakness because it could lead to the untimely identification and resolution
      of accounting and disclosure matters or could lead to a failure to perform
      timely and effective reviews.  However, as there has been no instance
      in which the company failed to identify or resolve a disclosure matter or failed
      to perform a timely and effective review, management determined that the
      addition of personnel to our bookkeeping and accounting operations is not an
      efficient use of our resources at this time.





Accordingly,
      based on their evaluation of our disclosure controls and procedures as of March
      31, 2008, the Company’s Chief Executive Officer and its Chief Financial Officer
      have concluded that, as of that date, the Company’s controls and procedures were
      effective for the purposes described above.





There
      was
      no change in the Company’s internal control over financial reporting (as defined
      in Rule 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934)
      during the quarter ended March 31, 2008 that has materially affected or is
      reasonably likely to materially affect the Company’s internal control over
      financial reporting.




15




**PART
      II. OTHER INFORMATION**





**ITEM
      1. LEGAL PROCEEDINGS**




The
      Company is not, and has not been during the period covered by this Report,
      a
      party to any legal proceedings.





**ITEM
      2:**  **UNREGISTERED
      SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**




On
      March
      7, 2008, the Company entered into a Subscription Agreement (the “Subscription
      Agreement”) with Rudana Investment Group AG (“Rudana”). Prior to entering into
      the Subscription Agreement, Rudana owned 35 million of the Company’s 42,053,550
      issued and outstanding shares of common stock.  Pursuant to the
      Subscription Agreement, Rudana has purchased 470,450 shares of the Company’s
      common stock (the “Common Stock”) and warrants (the “Warrants”) exercisable for
      the purchase of 117,613 shares of the Company’s common stock for $940,900. The
      Warrants will become exercisable on March 3, 2009, and will expire on March
      3,
      2018. The Warrants will be exercisable at a price of $.25 per share. After
      giving effect to this transaction, Rudana will own 35,588,063 shares of the
      Company’s common stock, including the shares underlying the Warrants.  The
      Common Stock and Warrants were sold to Rudana, a non-U.S. person, in reliance
      upon the exemption from securities registration of Regulation S of the U.S.
      Securities Act of 1933, as amended, and the rules and regulations promulgated
      thereunder. The Company has utilized the proceeds of this transaction for
      purposes of commencement of the Company’s new business model.





**ITEM
      3:**  **DEFAULTS
      UPON SENIOR SECURITIES**





Not
      Applicable.




**ITEM
      4:**  **SUBMISSION
      OF MATTERS TO A VOTE OF SECURITY HOLDERS**




No
      matters were submitted to the vote of the Company’s security holders during the
      period covered by this Report.




**ITEM
      5:**  **OTHER
      INFORMATION**





**Shareholder
      Loans**





On
      March
      12, 2008 the Company received a loan in the amount of One Hundred Thousand
      Dollars ($100,000.00) from Rudana, the Company’s majority shareholder (the
“First Shareholder Loan”). The Company will use the proceeds from the First
      Shareholder Loan for general corporate purposes. The First Shareholder Loan
      has
      an interest rate of seven and a half percent (7.5%) per annum, which together
      with the principal amount shall be repayable thirty (30) days after demand
      by
      Rudana. In connection with the First Shareholder Loan, the Company executed
      a
      note setting forth the terms thereof. The First Shareholder Loan was approved
      by
      the Company’s Board of Directors.





On
      April
      11, 2008 the Company received a loan in the amount of Sixty-One Thousand Dollars
      ($61,000.00) from Rudana, the Company’s majority shareholder (the “Second
      Shareholder Loan”). The Company will use the proceeds from the Second
      Shareholder Loan for general corporate purposes. The Second Shareholder Loan
      has
      an interest rate of seven and a half percent (7.5%) per annum, which together
      with the principal amount shall be repayable thirty (30) days after demand
      by
      Rudana. In connection with the Second Shareholder Loan, the Company executed
      a
      note setting forth the terms thereof. The Second Shareholder Loan was approved
      by the Company’s Board of Directors.





**Payment
      of Stockholder’s Legal Fees**





On
      January 17, 2008, the Company’s Board of Directors determined that it was in the
      best interests of the Company that, in consideration for certain corporate
      development introductions made by Rudana Investment Group AG (“Rudana”), the
      Company’s majority shareholder, the Company pay for the legal representation
      fees, costs, expenses and disbursements incurred by Rudana in connection with
      the acquisition of Rudana’s equity interest in the Company and for
      corporate development activities undertaken by Rudana on behalf of the Company.
      The Company paid $6,515.35 for Rudana’s legal fees in such regard.




16




**ITEM
      6.**  **EXHIBITS**





**Exhibit**  **Description**


3.4
              Articles
                  of Incorporation, as amended.10.2
              Subscription
                  Agreement, by and between the Company and Rudana Investment Group
                  AG,
                  dated as of March 7, 2008.10.3
              Promissory
                  Note issued by the Company to Rudana Investment Group AG, dated
                  as of
                  March 12, 2008.10.4
              Common
                  Stock Purchase Warrant issued to Arimathea Limited, dated March
                  25,
                  2008.10.5
              Promissory
                  Note issued by the Company to Rudana Investment Group AG, dated
                  as of
                  April 11, 2008.10.6
              Director’s
                  Agreement by and between the Company and Jean-Robert Martin, dated
                  as of
                  April 29, 2008.10.7
              Director’s
                  Agreement by and between the Company and Augustine Fou, dated as
                  of April
                  30, 2008.10.8
              Amended
                  & Restated Securities Purchase Agreement by and between BQT Solutions
                  Limited, BQT Satellites Limited and BQT Security Systems Pty Ltd,
                  dated as
                  of May 1, 2008.31.1
              Certification
                  of Principal Executive Officer and Principal Financial Officer
                  pursuant to
                  Section 302 of the Sarbanes-Oxley Act of 2002.32.1
              Certification
                  of the Principal Executive Officer and Principal Financial Officer
                  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
                  906 of
                  the Sarbanes-Oxley Act of
                  2002.




17




**SIGNATURES**





Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized.





**4C
              CONTROLS INC.**Date:
                May 15, 2008
            By:
            /s/ Gerald
              SullivanName:Gerald
              SullivanTitle:Chief
                Financial Officer and Interim
              President and Chief Executive
                Officer




18