**U.      S. Securities and Exchange Commission**

**FORM      10-QSB**

| **x** | **QUARTERLY                  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT                  OF                  1934** |
|-------|------------------------------------------------------------------------------------------------------------------------------------------|

**September      30, 2007**

| **o** | **TRANSITION                  REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE                  ACT** |
|-------|-------------------------------------------------------------------------------------------------------|

*Commission      File No.*
***000-26913***

**CYBERTEL      CAPITAL CORP.**

| **NEVADA**                                     | **86-0862532**                     |
|------------------------------------------------|------------------------------------|
| (State                or Other Jurisdiction of | (I.R.S.                Employer    |
| incorporation                or organization)  | Identification                No.) |

**4603      NE St. Johns Road, Ste. B**

**Vancouver,      Washington 98661**

** **
**407,460,818**
**shares      at November 6, 2007**

----

**TABLE        OF CONTENTS**

|                   |                                                                           | **Page**   |
|------------------------|--------------------------------------------------------------------------------|----------------------|
|                   | **PART                I - FINANCIAL                INFORMATION**               |                 |
|              |                                                                      |            |
| Item                1. | Consolidated                Financial Statements                               | 3                    |
|                   |                                                                           |                 |
| Item                2. | Management’s                Discussion and Analysis or Plan of Operation | 10                   |
|                   |                                                                           |                 |
| Item                3. | Controls                and Procedures                                         | 12                   |
|                   |
|                   | **PART                II - OTHER                INFORMATION**                  |                 |
|                   |                                                                           |                 |
| Item                1. | Legal                Proceedings                                               | 13                   |
|                   |                                                                           |                 |
| Item                2. | Unregistered                Sales of Equity Securities and Use of Proceeds     | 13                   |
|                   |                                                                           |                 |
| Item                3. | Defaults                Upon Senior Securities                                 | 13                   |
|                   |                                                                           |                 |
| Item                4. | Submission                of Matters to a Vote of Security Holders             | 13                   |
|                   |                                                                           |                 |
| Item                5. | Other                Information                                               | 13                   |
|                   |                                                                           |                 |
| Item                6. | Exhibits                                                                       | 13                   |

----

**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

| CYBERTEL                CAPITAL CORPORATION |
|---------------------------------------------|
| CONSOLIDATED                BALANCE SHEETS  |

|                                                                                                                     |   |   | **(unaudited)**                        |   |   |                                          |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------|--------|--------|-----------------------------------------------|--------|
|                                                                                                                     |   |   | **September                30, 2007**  |   |   | **December                31,****2006**  |   |
| Assets                                                                                                                   |   |   |                                        |   |   |                                          |   |
| CURRENT                ASSETS                                                                                            |   |   |                                        |   |   |                                          |   |
| Cash                                                                                                                     |   | $      | 38,241                                      |   | $      | 21,454                                        |   |
| Accounts                Receivable, net of allowance for doubtful accts of $1,713 and $1,000                respectively |   |   | 40,158                                      |   |   | 29,848                                        |   |
|                                                                                                                     |   |   |                                             |   |   |                                               |   |
| Prepaid                expenses and Other Current Assets                                                                 |   |   | 34,653                                      |   |   | 350                                           |   |
| TOTAL                CURRENT ASSETS                                                                                      |   |   | 113,052                                     |   |   | 54,802                                        |   |
|                                                                                                                     |   |   |                                             |   |   |                                               |   |
| Property                and Equipment-Net                                                                                |   |   | 31,651                                      |   |   | 37,819                                        |   |
|                                                                                                                     |   |   |                                   |   |   |                                     |   |
|                                                                                                                     |   |   |                                             |   |   |                                               |   |
| Customer                List, net of amortization                                                                   |   |   | 145,799                                     |   |   | 174,959                                       |   |
| Goodwill                                                                                                                 |   |   | 375,081                                     |   |   | 375,081                                       |   |
|                                                                                                                     |   |   |                                             |   |   |                                               |   |
|                                                                                                                     |   |   |                                             |   |   |                                               |   |
|                                                                                                                     |   |   |                                   |   |   |                                     |   |
| TOTAL                ASSETS                                                                                              |   | $      | 665,583                                     |   | $      | 642,661                                       |   |
|                                                                                                                     |   |   |                                             |   |   |                                               |   |
|                                                                                                                     |   |   |                                             |   |   |                                               |   |
| Liabilities                and Stockholders' Deficit                                                                     |   |   |                                             |   |   |                                               |   |
| CURRENT                LIABILITIES                                                                                       |   |   |                                             |   |   |                                               |   |
| Accrued                Derivative                                                                                        |   |   | 112,232                                     |   |   |                                               |   |
| Accounts                Payable                                                                                          |   | $      | 292,715                                     |   | $      | 175,604                                       |   |
| Accrued                Liabilities                                                                                       |   |   | 171,621                                     |   |   | 166,645                                       |   |
| Notes                Payable to Related Parties, Current Portion                                                         |   |   | 6,000                                       |   |   | 5,766                                         |   |
| TOTAL                CURRENT LIABILITIES                                                                                 |   |   | 582,568                                     |   |   | 348,015                                       |   |
|                                                                                                                     |   |   |                                             |   |   |                                               |   |
| Notes                Payable to Related Parties                                                                          |   |   | 317,110                                     |   |   | 294,523                                       |   |
|                                                                                                                     |   |   |                                             |   |   |                                               |   |
| TOTAL                LIABILITIES                                                                                         |   |   | 899,678                                     |   |   | 642,538                                       |   |
|                                                                                                                     |   |   |                                             |   |   |                                               |   |
| STOCKHOLDERS'                EQUITY (DEFICIT):                                                                           |   |   |                                             |   |   |                                               |   |
| Series                A Convertible Preferred Stock, $.001 par;                                                          |   |   |                                             |   |   |                                               |   |
| 5,000                shares authorized; 8 and 164 shares                                                                 |   |   |                                             |   |   |                                               |   |
| issued                and outstanding                                                                                    |   |   | -                                           |   |   | -                                             |   |
| Series                B Voting Preferred Stock, $.001 par;                                                               |   |   |                                             |   |   |                                               |   |
| 50,000,000                shares authorized; 50,000,000                                                                  |   |   |                                             |   |   |                                               |   |
| shares                issued and outstanding                                                                             |   |   | 50,000                                      |   |   | 50,000                                        |   |
| Series                C Preferred Stock $2.00 par value,                                                                 |   |   |                                             |   |   |                                               |   |
| 500,000                shares issued                                                                                     |   |   | 1,000,000                                   |   |   | 1,000,000                                     |   |
| Common                Stock, $.0001 par value, 10,000,000,000                                                            |   |   |                                             |   |   |                                               |   |
| shares                authorized, 182,369,018 and 878,759                                                                |   |   |                                             |   |   |                                               |   |
| issued                and outstanding                                                                                    |   |   | 1,823                                       |   |   | 9                                             |   |
| Additional                Paid In Capital                                                                                |   |   | 22,851,837                                  |   |   | 21,846,497                                    |   |
| Stock                Subscription Receivable                                                                             |   |   | (20,543                                     | )      |   | (20,543                                       | )      |
| Retained                Deficit                                                                                          |   |   | (24,117,212                                 | )      |   | (22,785,840                                   | )      |
| TOTAL                STOCKHOLDERS' EQUITY (DEFICIT)                                                                      |   |   | (234,095                                    | )      |   | 123                                           |   |
|                                                                                                                     |   |   |                                   |   |   |                                     |   |
| TOTAL                LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                      |   | $      | 665,583                                     |   | $      | 642,661                                       |   |

----

| CYBERTEL                CAPITAL CORPORATION         |
|-----------------------------------------------------|
| CONSOLIDATED                STATEMENT OF OPERATIONS |
| (Unaudited)                                         |

|                                                                           |   |   | **For                the three months****ended                September 30,**  |   |   | **For                the nine months****ended                September 30,**  |   |
|--------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------|--------|
|                                                                           |   |   | **2007**                                                                       |   |   | **2006**                                                                      |   |   | **2007**  |   |   | **2006**  |   |
|                                                                           |   |   |                                                                                |   |   |                                                                               |   |   |   |   |   |   |   |
| REVENUES                                                                       |   | $      | 98,072                                                                              |   | $      | 21,981                                                                             |   | $ | 371,671 |   | $ | 40,467 |   |
| COST                OF GOODS SOLD                                              |   |   | 1,931                                                                               |   |   | 19,558                                                                             |   |   | 7,754 |   |   | 19,558 |   |
| Gross                Profit                                                    |   |   | 96,141                                                                              |   |   | 2,423                                                                              |   |   | 363,917 |   |   | 20,909 |   |
| EXPENSES                                                                       |   |   |                                                                                     |   |   |                                                                                    |   |   |  |   |   |  |   |
| Stock                Based Compensation Expense                                |   |   | 79,970                                                                              |   |   |                                                                                    |   |   | 820,225 |   |   |  |   |
| Selling,                General and Administrative                        |   |   | 259,925                                                                             |   |   | 877,130                                                                            |   |   | 666,094 |   |   | 1,729,161 |   |
|                  TOTAL OPERATING EXPENSES                                 |   |   | 339,895                                                                             |   |   | 877,130                                                                            |   |   | 1,486,319 |   |   | 1,729,161 |   |
| OPERATING                LOSS                                                  |   |   | (243,754                                                                            | )      |   | (874,707                                                                           | )      |   | (1,122,402 | ) |   | (1,708,252 | ) |
|                                                                           |   |   |                                                                                     |   |   |                                                                                    |   |   |  |   |   |  |   |
| OTHER                INCOME (EXPENSE)                                          |   |   |                                                                                     |   |   |                                                                                    |   |   |  |   |   |  |   |
| Other                Income                                               |   |   | 398                                                                                 |   |   | 1,250                                                                              |   |   | 1,129 |   |   | 6,000 |   |
| Interest                Expense, net                                      |   |   | (799                                                                                | )      |   | (1,542                                                                             | )      |   | (4,212 | ) |   | (10,238 | ) |
| Loss                on Derivative                                              |   |   | (92,145                                                                             | )      |   | -                                                                                  |   |   | (112,232 | ) |   |    |   |
|                  TOTAL OTHER INCOME/(EXPENSE)                             |   |   | (92,546                                                                             | )      |   | (292                                                                               | )      |   | (115,315 | ) |   | (4,238 | ) |
|                                                                           |   |   |                                                                           |   |   |                                                                          |   |   |    |   |   |    |   |
|                                                                           |   |   |                                                                                     |   |   |                                                                                    |   |   |  |   |   |  |   |
|                                                                           |   |   |                                                                      |   |   |                                                                     |   |   |     |   |   |     |   |
| NET                LOSS                                                        |   |   | (336,300                                                                            | )      |   | (874,999                                                                           | )      |   | (1,237,717 | ) |   | (1,712,490 | ) |
|                                                                           |   |   |                                                                                     |   |   |                                                                                    |   |   |  |   |   |  |   |
| Preferred                Stock Dividends                                  |   |   | (463                                                                                | )      |   | (3,822                                                                             | )      |   | (3,567 | ) |   | (15,652 | ) |
|                                                                           |   |   |                                                                                     |   |   |                                                                                    |   |   |  |   |   |  |   |
| NET                LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS                    |   | $      | (336,763                                                                            | )      | $      | (878,821                                                                           | )      | $ | (1,241,284 | ) | $ | (1,728,142 | ) |
|                                                                           |   |   |                                                                                     |   |   |                                                                                    |   |   |  |   |   |  |   |
|                                                                           |   |   |                                                                                     |   |   |                                                                                    |   |   |  |   |   |  |   |
|                                                                           |   |   |                                                                                     |   |   |                                                                                    |   |   |  |   |   |  |   |
| Earnings                (loss) per share, basic and diluted                    |   | $      | (0.00                                                                               | )      | $      | (0.01                                                                              | )      | $ | (0.01 | ) | $ | (0..02 | ) |
|                                                                           |   |   |                                                                                     |   |   |                                                                                    |   |   |  |   |   |  |   |
| Weighted                average number of shares outstanding basic and diluted |   |   | 173,318,992                                                                         |   |   | 129,434,422                                                                        |   |   | 89,820,945 |   |   | 84,120,939 |   |

----

| CYBERTEL                CAPITAL CORPORATION          |
|------------------------------------------------------|
| CONSOLIDATED                STATEMENTS OF CASH FLOWS |
| (unaudited)                                          |

|                                                                |   |   | **For                the nine months****ended                September 30,**  |   |
|---------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------|--------|
|                                                                |   |   | **2007**                                                                      |   |   | **2006**  |   |
| **CASH                FLOWS FROM OPERATING ACTIVITIES**             |   |   |                                                                               |   |   |   |   |
| Net                loss                                        |   | $      | (1,237,717                                                                         | )      | $ | (1,712,490 | ) |
|                                                                |   |   |                                                                     |   |   |     |   |
|                                                                |   |   |                                                                                    |   |   |  |   |
|                                                                |   |   |                                                                                    |   |   |  |   |
| Adjustments                to reconcile net loss to net cash   |   |   |                                                                                    |   |   |  |   |
|                  used in operating activities:                 |   |   |                                                                                    |   |   |  |   |
|                  Depreciation and amortization                 |   |   | 36,327                                                                             |   |   | 16,426 |   |
|                  Stock issued for services                     |   |   | 820,225                                                                            |   |   | 1,229,779 |   |
|                  Stock option expense                          |   |   | -                                                                                  |   |   | 33,216 |   |
| Derivative                Liability                                 |   |   | 112,232                                                                            |   |   | - |   |
|                                                                |   |   |                                                                                    |   |   |  |   |
|                                                                |   |   |                                                                                    |   |   |  |   |
| Changes                in assets and liabilities:              |   |   |                                                                                    |   |   |  |   |
|                  Accounts receivable                           |   |   | (10,310                                                                            | )      |   | 15,616 |   |
|                  Prepaid expenses                              |   |   | (34,303                                                                            | )      |   | (2,976 | ) |
|                  Accounts payable and accrued expenses         |   |   | 122,087                                                                            |   |   | 236,650 |   |
|                                                                |   |   |                                                                                    |   |   |  |   |
| Net                cash used in continuing operations               |   |   | (191,459                                                                           | )      |   | (183,779 | ) |
|                                                                |   |   |                                                                               |   |   |   |   |
|                                                                |   |   |                                                                                    |   |   |  |   |
| Net                cash used in operating activities                |   |   | (191,459                                                                           | )      |   | (183,779 | ) |
|                                                                |   |   |                                                                                    |   |   |  |   |
| **CASH                FLOW FROM INVESTING ACTIVITIES**              |   |   |                                                                                    |   |   |  |   |
|                                                                |   |   |                                                                                    |   |   |  |   |
| Cash                paid for purchase of fixed assets               |   |   | (999                                                                               | )      |   | (32,722 | ) |
| Net                cash used in investing activities                |   |   | (999                                                                               | )      |   | (32,722 | ) |
|                                                                |   |   |                                                                                    |   |   |  |   |
| **CASH                FLOW FROM FINANCING ACTIVITIES**              |   |   |                                                                                    |   |   |  |   |
| Proceeds                from note payable to related party          |   |   | 22,821                                                                             |   |   | 188,160 |   |
| Repayment                of loan                                    |   |   |                                                                                    |   |   | (3,587 | ) |
| Payment                of Dividends                                 |   |   | (3,567                                                                             | )      |   | (15,652 | ) |
| Proceeds                of Shares                                   |   |   | 189,991                                                                            |   |   | 78,900 |   |
|                                                                |   |   |                                                                     |   |   |     |   |
|                                                                |   |   |                                                                          |   |   |     |   |
| Net                cash provided by financing activities            |   |   | 209,245                                                                            |   |   | 247,841 |   |
|                                                                |   |   |                                                                               |   |   |    |   |
| NET                CHANGE IN CASH                                   |   |   | 16,787                                                                             |   |   | 31,340 |   |
|                                                                |   |   |                                                                                    |   |   |  |   |
| Cash,                beginning of period                            |   |   | 21,454                                                                             |   |   | 1,186 |   |
|                                                                |   |   |                                                                                    |   |   |  |   |
| Cash,                end of period                                  |   | $      | 38,241                                                                             |   | $ | 32,526 |   |
|                                                                |   |   |                                                                                    |   |   |  |   |
| Supplemental                disclosures of cash flows information   |   |   |                                                                                    |   |   |  |   |
| Cash                paid for income taxes                           |   | $      | -                                                                                  |   | $ | - |   |
| Cash                paid for interest                               |   | $      | 22                                                                                 |   | $ | 22,598 |   |
|                                                                |   |   |                                                                               |   |   |   |   |
|                                                                |   |   |                                                                               |   |   |   |   |
|                                                                |   |   |                                                                               |   |   |   |   |
|                                                                |   |   |                                                                               |   |   |   |   |
|                                                                |   |   |                                                                               |   |   |   |   |
|                                                                |   |   |                                                                     |   |   |    |   |

----

**CYBERTEL      CAPITAL CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      1 - BASIS OF PRESENTATION**

**NOTE      2 - NOTES PAYABLE**

**NOTE      3 - COMMON STOCK**

----

**CYBERTEL      CAPITAL CORPORATION**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      4 - SUBSEQUENT EVENTS**

**NOTE      5 - CONTINGENCIES**

**Legal      proceedings**

**NOTE      6 - GOING CONCERN**

----

**ITEM      2. Management’s Discussion and Analysis or Plan of      Operation**

**Overview**

*You      should read the following discussion and analysis in conjunction with the      Consolidated Financial Statements in the Form 10-KSB for the year ended December      31, 2006, the Form 10-QSB for the quarters ended March 31, 2007, and June 30,      2007, the Notes thereto, and the other financial data appearing elsewhere in      this Form 10-QSB.*

*The      information set forth in this Management's Discussion and Analysis of Financial      Condition and Results of Operations ("MD&A") contains certain      "forward-looking statements," including, among others (i) expected changes      in      the Company's revenues and profitability, (ii) prospective business      opportunities and (iii) the Company's strategy for financing its business.      Forward-looking statements are statements other than historical information      or      statements of current condition. Some forward-looking statements may be      identified by use of terms such as "believes," "anticipates," "intends" or      "expects." These forward-looking statements relate to the plans, objectives      and      expectations of the Company for future operations. Although the Company believes      that its expectations with respect to the forward-looking statements are based      upon reasonable assumptions within the bounds of its knowledge of its business      and operations, in light of the risks and uncertainties inherent in all future      projections, the inclusion of forward-looking statements in this report should      not be regarded as a representation by the Company or any other person that      the      objectives or plans of the Company will be achieved.*

**General**

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**Recent      Developments**

***Results      of Operations for the Three Months Ended September 30,      2007***

----

***Results      of Operations for the Nine Months ended September 30,      2007***

***Liquidity      and Capital Resources***

***Off-Balance      Sheet Transactions***

**Item      3. Controls and Procedures.**

----

**PART      II - OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      2. Unregistered Sales of Equity Securities and Use of      Proceeds.**

|                                   |    | No.                of shares of     |                                                  |
|----------------------------------------|---------|----------------------------------------------------|-------------------------------------------------------|
| Name                of Purchaser  | Date    | common                stock                        | Aggregate                consideration      |
|                                   |    |                                               |                                                  |
| Majestic                Safe-T-Prod    | 7/23/07 | 4,618,000                                          | Conversion                of Series A Preferred Stock |
| Edify                Capital Corp      | 7/3/07  | 4,046,000                                          | Conversion                of Series A Preferred Stock |
| Majestic                Safe-T-Prod    | 7/12/07 | 4,398,000                                          | Conversion                of Series A Preferred Stock |
| Edify                Capital Corp      | 7/25/07 | 5,249,000                                          | Conversion                of Series A Preferred Stock |
| Majestic                Safe-T-Prod    | 8/13/07 | 4,602,730                                          | Conversion                of Series A Preferred Stock |
| Edify                Capital Corp      | 8/13/07 | 5,249,000                                          | Conversion                of Series A Preferred Stock |
| Edify                Capital Corp      | 9/12/07 | 7,574,000                                          | Conversion                of Series A Preferred Stock |
| Majestic                Safe-T-Prod    | 9/14/07 | 7,953,000                                          | Conversion                of Series A Preferred Stock |
| Majestic                Safe-T-Prod    | 9/21/07 | 8,350,000                                          | Conversion                of Series A Preferred Stock |

**Item      3. Defaults Upon Senior Securities.**

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

**Item      5. Other Information.**

----

**Item      6. Exhibits.**

| Exhibit                No.    | Description                  |
|-----------------------------------------|-----------------------------------|

| 31.1 | Certification                of Chief Executive Officer and Chief Financial Officer, James A.                Wheeler,                pursuant to Rules 13a-14(a) and 15d-14(a) of the Exchange                Act. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.1 | Certification                of Chief Executive Officer and Chief Financial Officer, James A.                Wheeler,                pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

|                     |                                                                              |                                                |
|--------------------------|-----------------------------------------------------------------------------------|-----------------------------------------------------|
|                     | CYBERTEL                CAPITAL CORPORATION                                       |
|                |                                                                         |                                           |
|                     | By:                                                                     | /s/ James              A.              Wheeler |
|                     | James                A. Wheeler CEO,                  CFO, President and Director |
|                     |                                                                              |
|                     |                                                                              |
| Dated: November 14, 2007 |                                                                              |

----

**EXHIBIT      INDEX**

| Exhibit              No.   | Description                                                                                                     |
|----------------------------|-----------------------------------------------------------------------------------------------------------------|
|                       |                                                                                                            |
| 31.1             | Certification                Pursuant to Section 302 of the Sarbanes Oxley Act                                  |
|                       |                                                                                                            |
| 32.1                  | Certification                Pursuant to Section 906 of the Sarbanes-Oxley                Act    |

----