UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   ----------

                                   FORM 10-QSB

                                   ----------

 [X] Quarterly Report under Sections 13 or 15(d) of the Securities Exchange Act
            of 1934 for the quarterly period ended September 30, 2005

             [ ] Transition Report under Sections 13 or 15(d) of the
                         Securities Exchange Act of 1934

                                   ----------

                         Commission File Number 0-25007

                         Amalgamated Technologies, Inc.
                         ------------------------------
        (Exact name of small business issuer as specified in its charter)

                                    Delaware
                            (State of incorporation)
                                   ----------

                                   65-0656268
                                   ----------
                        (IRS Employer Identification No.)

                        153 East 53rd Street., 48th Floor
                               New York, NY 10022
                               ------------------
          (Address of principal executive offices, including zip code)

                                 (212) 521- 5180
                                 ---------------
              (Registrant's Telephone Number, including area code)

                                   ----------

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

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

As of  November  14,  2005,  there  were  10,393,362  outstanding  shares of the
Registrant's Common Stock ($0.0001 par value per share).

Transitional Small Business Disclosure Format.
Yes [ ] No [X]


<PAGE>


                         AMALGAMATED TECHNOLOGIES, INC.
               SEPTEMBER 30, 2005 QUARTERLY REPORT ON FORM 10-QSB
                                TABLE OF CONTENTS

                                                                            PAGE

Special Note Regarding Forward Looking Statements.............................1

PART I.     FINANCIAL INFORMATION.............................................2

Item 1.     Financial Statements..............................................2

            Balance Sheet as of September 30, 2005 (unaudited)................2

            Statements of Operations (unaudited) for the Three and
            Nine Months Ended September 30, 2005 and 2004.....................3

            Statements of Cash Flows (unaudited) for the
            Nine Months Ended September 30, 2005 and 2004.....................4

            Notes to Financial Statements.....................................5

Item 2.     Management's Plan of Operation....................................7

Item 3.     Controls and Procedures...........................................7

PART II.    OTHER INFORMATION.................................................8

Item 6.     Exhibits .........................................................8


                                        i

<PAGE>

                SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

      In this section,  "Special  Note  Regarding  Forward-Looking  Statements,"
references to "we," "us," "our," "ours," refer to Amalgamated Technologies, Inc.

      To the extent that the information  presented in this Quarterly  Report on
Form 10-QSB discusses financial  projections,  information or expectations about
our products or markets, or otherwise makes statements about future events, such
statements are forward-looking.  We are making these forward-looking  statements
in reliance on the safe harbor provisions of the Private  Securities  Litigation
Reform Act of 1995. Although we believe that the expectations reflected in these
forward-looking  statements  are based on  reasonable  assumptions,  there are a
number of risks and  uncertainties  that could  cause  actual  results to differ
materially from such forward-looking  statements.  These risks and uncertainties
are  described,  among  other  places  in this  Quarterly  Report,  in  "Plan of
Operation".

      In addition,  we disclaim any  obligations  to update any  forward-looking
statements to reflect events or  circumstances  after the date of this Quarterly
Report.  When considering such  forward-looking  statements,  you should keep in
mind the risks  referenced  above and the other  cautionary  statements  in this
Quarterly Report. PART I.


                                       1
<PAGE>

FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                         AMALGAMATED TECHNOLOGIES, INC.
                                  BALANCE SHEET
                               SEPTEMBER 30, 2005
                                   (Unaudited)

<TABLE>
<CAPTION>
                                     ASSETS

<S>                                                                                     <C>
CURRENT ASSETS:
   Cash                                                                                 $   137,971
   Marketable securities                                                                  4,999,000
   Prepaid expenses and other current assets                                                 46,629
                                                                                        -----------

     Total Current Assets                                                                 5,183,600

OTHER ASSETS:
   Security deposit                                                                          22,446
                                                                                        -----------

        Total Assets                                                                    $ 5,206,046
                                                                                        ===========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
   Accounts payable and accrued expenses                                                $    35,001
   Advances from stockholders                                                                12,177
   Due to broker                                                                            197,411
                                                                                        -----------

     Total Current Liabilities                                                              244,589
                                                                                        -----------

STOCKHOLDERS' EQUITY:
   Preferred Stock, $.0001 par value, 10,000,000 shares authorized;
     Series B, 100,000 shares issued and outstanding  (liquidation value: $1,000,000)       100,000
   Common Stock, $.0001 par value, 200,000,000 shares authorized,
      10,393,362 shares issued and outstanding                                                1,040
   Additional paid-in capital                                                             9,382,378
   Accumulated deficit                                                                   (4,521,961)
                                                                                        -----------

        Total Stockholders' Equity                                                        4,961,457
                                                                                        -----------

        Total Liabilities and Stockholders' Equity                                      $ 5,206,046
                                                                                        ===========
</TABLE>

See notes to financial statements.


                                       2
<PAGE>

                                           AMALGAMATED TECHNOLOGIES, INC.
                                              STATEMENTS OF OPERATIONS
                                                    (Unaudited)

<TABLE>
<CAPTION>
                                       THREE MONTHS ENDED             NINE MONTHS ENDED
                                         SEPTEMBER 30,                   SEPTEMBER 30,
                                 ----------------------------    ----------------------------
                                      2005           2004             2005           2004
                                 ------------    ------------    ------------    ------------
<S>                              <C>             <C>             <C>             <C>
REVENUE                          $         --    $         --    $         --    $         --

OPERATING EXPENSES:
   General and administrative         169,032         256,547         656,229         365,032
                                 ------------    ------------    ------------    ------------

OPERATING LOSS                       (169,032)       (256,547)       (656,229)       (365,032)
                                 ------------    ------------    ------------    ------------

OTHER INCOME (EXPENSES) :
   Interest income, net                   736           2,350          34,497           2,380
   Dividends                           40,242              --          61,476              --
   Net unrealized holding loss       (374,818)             --        (545,808)             --
                                 ------------    ------------    ------------    ------------

TOTAL OTHER INCOME (EXPENSES)        (333,840)          2,350        (449,835)          2,380
                                 ------------    ------------    ------------    ------------

NET LOSS                         $   (502,872)   $   (254,197)   $ (1,106,064)   $   (362,652)
                                 ============    ============    ============    ============

BASIC NET LOSS
PER COMMON SHARE                 $      (0.05)   $      (0.03)   $      (0.11)   $      (0.05)
                                 ============    ============    ============    ============

BASIC WEIGHTED AVERAGE
 SHARES OUTSTANDING                10,393,362       9,526,695      10,146,231       7,138,009
                                 ============    ============    ============    ============
</TABLE>

See notes to financial statements.


                                       3
<PAGE>

                         AMALGAMATED TECHNOLOGIES, INC.
                            STATEMENTS OF CASH FLOWS
                      NINE MONTHS ENDED SEPTEMBER 30, 2005
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                  2005           2004
                                                              -----------    -----------
<S>                                                           <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net loss                                                   $(1,106,064)   $  (362,652)
   Adjustments to reconcile net loss to net cash
     used in operating activities:
          Net unrealized holding loss on investments              545,808             --
          Warrants issued for services                                 --         40,000
        Changes in assets and liabilities:
          Prepaid expenses and other current assets               (46,629)            --
          Security deposits                                            --        (22,446)
          Accounts payable and accrued expenses                  (123,134)       (41,831)
                                                              -----------    -----------

                  Net cash used in operating activities          (730,019)      (386,929)
                                                              -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchases of investments                                    (5,522,397)            --
   Proceeds from sale of investments                              175,000             --
                                                              -----------    -----------

                  Net cash used in investing activities        (5,347,397)            --
                                                              -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
   (Decrease) increase in advances from stockholders              (36,174)         8,543
   Proceeds from issuance of preferred stock                           --        100,000
   Proceeds from issuance of common stock, net of expenses      1,300,000      5,428,866
                                                              -----------    -----------

                  Net cash provided by financing activities     1,263,826      5,537,409
                                                              -----------    -----------

NET INCREASE (DECREASE) IN CASH                                (4,813,590)     5,150,480

CASH, beginning of period                                       4,951,561            490
                                                              -----------    -----------

CASH, end of period                                           $   137,971    $ 5,150,970
                                                              ===========    ===========
</TABLE>

See notes to financial statements.


                                       4
<PAGE>

                         AMALGAMATED TECHNOLOGIES, INC.

                          NOTES TO FINANCIAL STATEMENTS

1.    Nature of Business

      Amalgamated  Technologies,  Inc. (the "Company") was formed under the laws
      of  Delaware  on March 7, 1996.  The  Company  presently  has no  business
      operations and it is currently exploring strategic business opportunities.

2.    Basis of Presentation and Significant Accounting Policies

      Basis of Presentation

      The  accompanying  unaudited  financial  statements  have been prepared in
      accordance with  accounting  principles  generally  accepted in the United
      States for interim financial  information as contained in the instructions
      to Form 10-QSB and Item 310(b) of Regulation S-B. Accordingly, they do not
      include  all of the  information  and  footnotes  required  by  accounting
      principles  generally accepted in the United States for complete financial
      statements.  In the  opinion  of  management,  all  normal  and  recurring
      adjustments and accruals considered necessary for a fair presentation have
      been  included.  Operating  results for the three and  nine-month  periods
      ended  September  30, 2005 are not  necessarily  indicative of the results
      that may be expected for the year ending  December  31, 2005.  For further
      information,  refer to the  financial  statements  and  footnotes  thereto
      included in the Company's  annual  shareholders'  report  incorporated  by
      reference in the Form 10-KSB as of December 31, 2004 filed with the SEC on
      April 15, 2005.

      Significant Accounting Policies

      Marketable    Securities-   The   Company   determines   the   appropriate
      classification  of its  marketable  securities at the time of purchase and
      reevaluates  such  determinations  at each balance sheet date.  Marketable
      securities that are bought and held principally for the purpose of selling
      them in the near term are classified as trading securities and reported at
      fair value, with unrealized gains and losses included in earnings.

3.    Stockholders' Equity

      On March  15,  2005  and  April  13,  2005,  the  Company  closed  private
      placements  under  which the  Company  sold an  aggregate  of 726,667  and
      140,000 shares,  respectively,  of its common stock at a purchase price of
      $1.50 per share,  for gross  proceeds of an  aggregate of  $1,090,000  and
      $210,000, respectively.

4.    Related Party Transactions

      During the nine  months  ended  September  30,  2005,  management  fees of
      $270,000 were paid to a stockholder  of the Company.  Management  fees for
      the nine months ended September 30, 2004 were $23,500.

5.    Commitments

      In April  2005,  the  Company  entered  into a  consulting  agreement  for
      services to assist the Company with the  identification  of an acquisition
      or merger candidate.  The term of the agreement is the lesser of 24 months
      from  the  date  of  execution  or the  closing  of an  acquisition  of an
      operating  company.  The fee for these  consulting  services is  $150,000,
      payable as follows: (1) $50,000 on execution of the agreement; (2) $50,000
      upon  execution of a letter of intent for an  acquisition  of an operating
      company; and (3) $50,000 upon the closing of such acquisition. The Company
      is amortizing the $50,000 initial payment over twenty-four months.

      On July 25, 2005,  the Company  entered into a consulting  agreement for a
      one-year term. The monthly  consulting fees will be $5,000. The consultant
      will provide advisory and consultancy  services,  including preparation of
      investor  materials and general financial advice regarding  operations and
      business strategy.


                                       5
<PAGE>

6.    Recent Accounting Pronouncements

      The Financial  Accounting  Standards  Board has revised the accounting for
      share based payments  (stock based  payments),  SFAS 123R, to be effective
      for the year ending  December 31, 2006. The Company has not yet determined
      what the effect will be, if any, on their financial statements

      Management  does not believe that any other recently  issued,  but not yet
      effective  accounting  pronouncements,  if adopted,  would have a material
      effect on the accompanying financial statements.

7.    Marketable Securities

      The  Company's  marketable  securities,  all of which  are  classified  as
      trading  securities,  are  carried at their fair value based on the quoted
      market prices of the  securities  at September 30, 2005.  The common stock
      represents  300,000  shares of Majesco  Entertainment  Company,  Inc.  The
      Company's controlling shareholders are also investors in Majesco, a NASDAQ
      listed company.

      The  composition  of trading  securities,  is as follows at September  30,
      2005:


                                       September 30, 2005
                                  --------------------------
                                     Cost         Fair Value
                                  ----------      ----------
      Common Stock                $  944,808      $  399,000
      Mutual Funds                 4,600,000       4,600,000
                                  ----------      ----------
                                  $5,544,808      $4,999,000
                                  ==========      ==========


      Investment loss for the nine months ended September 30, 2005, consisted of
      the following:


                                                   September 30, 2005
                                        --------------------------------------
                                        Three months ended   Nine months ended
                                        ------------------   -----------------
      Dividend income                       $  40,242           $  61,476
      Net unrealized holding loss            (374,818)           (545,808)
                                            ---------           ---------
                   Net investment loss      $(334,576)          $(484,331)
                                            =========           =========

8.    Subsequent Event

      On October  27, 2005 the  Company  executed a letter of intent  which sets
      forth  the   preliminary   terms  and  conditions  of  a  proposed  merger
      transaction between the Company and Pro Link Solutions,  LLC ("Pro Link").
      As  proposed,  the  members of Pro Link would  exchange  their  membership
      interests in Pro Link for common  stock of the Company.  At the closing of
      the merger as currently  contemplated,  the members of Pro Link will own a
      majority of the issued and outstanding  common shares of the Company.  The
      closing of the  transaction  is subject to certain  conditions,  including
      execution of a  definitive  merger  agreement  and the  completion  of due
      diligence.  There can be no assurance  that the merger will be consummated
      or, if consummated,  that it will be consummated on the terms set forth in
      the letter of intent, which is nonbinding with respect to the terms of the
      proposed  transaction and the obligation to close. The parties  anticipate
      the  closing  shall  occur on or  before  December  15,  2005,  or as soon
      thereafter as possible.


                                       6
<PAGE>

ITEM 2. MANAGEMENT'S PLAN OF OPERATION

      In this  section,  "Plan of  Operation,"  references to "we," "us," "our,"
"ours," and the "Company" refer to Amalgamated Technologies, Inc.

      We are in the process of implementing a corporate reorganization.  As part
of such reorganization,  we have secured new corporate participation, as a means
of enhancing  shareholder  value.  This  improved  our  liquidity as a result of
additional  proceeds  from the  issuances of stock.  While we currently  have no
revenues,  we have  reasonable  operating costs and expenses at the present time
due to our limited operating activities.

      Since such reorganization was implemented,  our plan of operation has been
to attempt to merge or effect a business  combination with a domestic or foreign
private  operating  entity.  Our  management  believes  that there are perceived
benefits  to  being a  "reporting  company"  with a  class  of  publicly  traded
securities  which may be attractive to private  entities.  Other than activities
related to attempting to locate such a candidate, we do not currently anticipate
conducting any operations.

      We may enter into a  definitive  agreement  with a wide variety of private
businesses  without  limitation  as to their  industry  or  revenues.  It is not
possible at this time to predict  when,  if ever,  we will enter into a business
combination  with  any  such  private  company  or what  will  be the  industry,
operating history,  revenues,  future prospects or other  characteristics of any
such  company.  As  of  the  date  hereof,  we  are  not  currently  engaged  in
negotiations concerning any such business combination.

      At the present time, we have no commitments for capital  expenditures  and
we do not  anticipate  any until we establish a business or acquire an operating
business. We do not own any plant or significant equipment.  We do not presently
engage in any product research and development and have no plans to do so in the
foreseeable future. We have no present plans to add employees although we may do
so in the future if we engage in any merger or acquisition transactions. As part
of our  corporate  reorganization  we have decided to look at other  ventures of
merit for corporate  participation  as a means of enhancing  shareholder  value.
This may  involve  additional  sales of equity or debt  securities  in merger or
acquisition transactions.

      On October 27,  2005,  we executed a letter of intent which sets forth the
preliminary terms and conditions of a proposed merger transaction between us and
Pro Link  Solutions,  LLC, or Pro Link.  In  connection  with the merger,  it is
anticipated  that  the  members  of Pro  Link  will  exchange  their  membership
interests in Pro Link for shares of our capital  stock.  It is expected that the
closing of the merger will result in a change of control  whereby the members of
Pro Link will own greater than a majority of our issued and  outstanding  shares
on a fully-diluted  basis.  The closing of the transaction is subject to certain
conditions,  including  approval  of the  boards of  directors  of the  parties,
approval of the members of Pro Link,  execution of a definitive merger agreement
and the completion of due  diligence.  There can be no assurance that the merger
will be consummated or, if consummated, that it will be consummated on the terms
set forth in the letter of intent.

ITEM 3. CONTROLS AND PROCEDURES

      (a)  Evaluation  of  Disclosure  Controls and  Procedures.  Our  principal
executive  officer  and  principal  financial  officer,   after  evaluating  the
effectiveness of our disclosure  controls and procedures (as defined in Exchange
Act Rules  13a-15(e) and  15d-15(e)) as of the end of the period covered by this
Quarterly  Report on Form 10-QSB,  has concluded that, based on such evaluation,
our  disclosure  controls and  procedures  were adequate and effective to ensure
that  material  information  relating  to us,  was made  known to him by others,
particularly during the period in which this Quarterly Report on Form 10-QSB was
being prepared.

      (b) Changes in Internal  Controls.  There were no changes in our  internal
control over financial  reporting,  identified in connection with the evaluation
of such internal control that occurred during our last fiscal quarter, that have
materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.


                                       7
<PAGE>

PART II. OTHER INFORMATION

ITEM 6. EXHIBITS


The following exhibits are being filed with this Report:

Exhibit
Number      Description
-------     -----------

31.1        Certification of Principal Financial Officer Pursuant to Section 302
            of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350.

31.2        Certification of Principal Executive Officer Pursuant to Section 302
            of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350.

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


                                   SIGNATURES

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

                                           AMALGAMATED TECHNOLOGIES, INC.


Dated:  November 9, 2005
                                           /s/ Robert Ellin
                                           -------------------------------------
                                           Robert Ellin
                                           President and Chief Financial Officer
                                           (Principal Executive Officer and
                                           Principal Financial Officer)


                                       8