UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                   FORM 10-QSB
MARK ONE

[x] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

          For the quarterly period ended March 31, 2007
                                         --------------


[ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     For the transition period from            to
                                    ----------    ----------

     Commission file number:     0-49638
                                 -------

                    INTERNATIONAL COMMERCIAL TELEVISION INC.
                    ----------------------------------------
        (Exact name of small business issuer as specified in its charter)

--------------------------------------------------------------------------------
                 Nevada                                76-0621102
--------------------------------------   ---------------------------------------
     State or other jurisdiction of         (IRS Employer Identification No.)
     incorporation or organization
--------------------------------------------------------------------------------


              10245 Sunrise Place NE, Bainbridge Island, WA  98110
              ----------------------------------------------------
                    (Address of principal executive offices)


                                 (206) 842-3729
                                 --------------
                           (Issuer's telephone number)


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

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

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the latest practicable date: As of May 10, 2007, the Issuer had
12,169,187  shares  of  common  stock,  par  value  $0.001 per share, issued and
outstanding.

Transitional  Small  Business  Disclosure  Format  (Check one): Yes [ ]   No [X]


<PAGE>
<TABLE>
<CAPTION>
                                TABLE OF CONTENTS

<S>                                                                    <C>
PART I - FINANCIAL INFORMATION
------------------------------

ITEM 1.  FINANCIAL STATEMENTS                                            1

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION      20

ITEM 3.  CONTROLS AND PROCEDURES                                        23


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

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                               24

SIGNATURES                                                              25
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                     PART I - FINANCIAL INFORMATION
                                     ------------------------------

<S>      <C>                                                                                    <C>
ITEM 1.  FINANCIAL STATEMENTS

         Consolidated Balance Sheet as of March 31, 2007 (unaudited)                               2

         Consolidated Statements of Operations for the three months ended March 31, 2007
           and 2006 (unaudited)                                                                    3

         Consolidated Statements of Deficiency in Assets for the three months ended March 31,
           2007 (unaudited)                                                                        4

         Consolidated Statements of Cash Flows for the three months ended March 31, 2007
           and 2006 (unaudited)                                                                    5

         Notes to the Consolidated Financial Statements                                         6-19
</TABLE>


                                     Page 1
<PAGE>
<TABLE>
<CAPTION>
           INTERNATIONAL COMMERCIAL TELEVISION INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEET
                              AS OF MARCH 31, 2007
                                  (Unaudited)
                                  -----------


                                     ASSETS
                                     ------
<S>                                                            <C>
CURRENT ASSETS:
  Cash                                                         $  501,615
  Accounts receivable, net                                        946,240
  Inventories                                                     166,452
  Prepaid expenses and deposits                                   200,960
  Deferred tax asset less valuation allowance of $2,950,000             -
                                                               -----------
    Total current assets                                        1,815,267
                                                               -----------

FURNITURE AND EQUIPMENT:
  Furniture and equipment                                         120,169
  Less accumulated depreciation                                   105,562
                                                               -----------
    Furniture and equipment, net                                   14,607
                                                               -----------

      Total assets                                             $1,829,874
                                                               ===========

                      LIABILITIES ANDSHAREHOLDERS' EQUITY
                      -----------------------------------

CURRENT LIABILITIES:
  Accounts payable and accrued liabilities                     $  832,817
  Accounts payable and accrued liabilities - related parties       72,946
  Due to related parties                                          190,406
                                                               -----------
    Total current liabilities                                   1,096,169
                                                               -----------

NOTE PAYABLE TO SHAREHOLDER                                       590,723
                                                               -----------

COMMITMENTS AND CONTINGENCIES (NOTE 4)

SUBSEQUENT EVENT (NOTE 9)

SHAREHOLDERS' EQUITY:

  Common stock, $0.001 par value, 100,000,000
    shares authorized, 10,693,188 issued and
    outstanding as of  March 31, 2006                                 594
  Additional paid-in-capital                                      464,728
  Subscriptions received in advance                               413,249
  Accumulated deficit                                            (735,589)

                                                               -----------
    Total shareholders' equity                                    142,982
                                                               -----------

      Total liabilities and shareholders' equity               $1,829,874
                                                               ===========
</TABLE>

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


                                     Page 2
<PAGE>
<TABLE>
<CAPTION>
           INTERNATIONAL COMMERCIAL TELEVISION INC. AND SUBSIDIARIES

                     CONSOLIDATED STATEMENTS OF OPERATIONS
                      FOR THE THREE MONTHS ENDED MARCH 31,

                                                                        2007          2006
                                                                    (unaudited)   (unaudited)
                                                                    ------------  ------------
<S>                                                                 <C>           <C>
NET SALES
Infomercial products                                                $ 1,683,045   $   322,089
                                                                    ------------  ------------
                                                                      1,683,045       322,089
                                                                    ------------  ------------
COST OF SALES
Infomercial products                                                    456,669       129,497
                                                                    ------------  ------------
                                                                        456,669       129,497
                                                                    ------------  ------------
GROSS PROFIT                                                          1,226,376       192,592
                                                                    ------------  ------------

OPERATING EXPENSES:
  Depreciation                                                            1,589         4,687
  General and administrative                                            166,702       115,746
  Selling and marketing                                                 840,918        84,899
  Rent                                                                    7,879         5,076
                                                                    ------------  ------------
    Total operating expenses                                          1,017,088       210,408
                                                                    ------------  ------------

OPERATING INCOME (LOSS)                                                 209,288       (17,816)
                                                                    ------------  ------------

OTHER EXPENSES:
  Interest expense                                                        2,299           616
                                                                    ------------  ------------

INCOME (LOSS) BEFORE INCOME TAXES                                       206,989       (18,432)

INCOME TAXES
  Income tax expense                                                     70,376             -
  Tax benefit from utilization of net operating loss carry forward      (70,376)            -
                                                                    ------------  ------------

INCOME TAXES                                                                  -             -
                                                                    ------------  ------------

NET INCOME (LOSS)                                                   $   206,989   $   (18,432)
                                                                    ============  ============

BASIC INCOME (LOSS) PER SHARE                                       $      0.02   $     (0.00)
                                                                    ============  ============

DILUTED INCOME (LOSS) PER SHARE                                     $      0.02   $     (0.00)
                                                                    ============  ============
</TABLE>

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


                                     Page 3
<PAGE>
<TABLE>
<CAPTION>
                            INTERNATIONAL COMMERCIAL TELEVISION INC. AND SUBSIDIARIES

                                 CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

                                      Common Stock
                                    $0.001 par value         Additional                   Subscriptions
                             -----------------------------    Paid-In       Accumulated    Received in
                                  Shares         Amount       Capital         Deficit        Advance     Totals
                             ----------------  -----------  ------------  ---------------    --------  ----------
<S>                          <C>               <C>          <C>           <C>                <C>       <C>
Balances, January 1, 2006          10,635,188  $       536  $    392,285  $   (1,286,114)    $      -  $(893,293)

Issuance of common stock               58,000           58        56,443               -                  56,501

Amortization of deferred
  compensation under non-
  qualified stock option plan               -            -        16,000               -                  16,000

Net income                                  -            -             -         343,536                 343,536
                             ------------------------------------------------------------------------------------

Balances, December                 10,693,188          594       464,728        (942,578)           -   (477,256)
31, 2006


Subscriptions received in                                                                     413,249    413,249
 advance

Net income                                  -            -             -         206,989            -    206,989
                             ------------------------------------------------------------------------------------

Balances, March 31, 2007           10,693,188  $       594  $    464,728  $     (735,589)    $413,249  $ 142,982
                             ====================================================================================
</TABLE>

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


                                     Page 4
<PAGE>
<TABLE>
<CAPTION>
             INTERNATIONAL COMMERCIAL TELEVISION INC. AND SUBSIDIARIES

                       CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND 2006

                                                                2007          2006
                                                            (unaudited)   (unaudited)
                                                            ------------  ------------
<S>                                                         <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income (loss)                                         $   206,989   $   (18,432)
  Adjustments to reconcile net income (loss) to net cash
   provided by (used in) operating activities:
    Depreciation                                                  1,589         4,687
    (Increase) decrease in accounts receivable, net            (391,046)      175,603
    Decrease (increase) in inventories                           72,235       (27,635)
    Increase in prepaid expenses and deposits                  (112,461)      (46,551)
    Increase in accounts payable and accrued liabilities         29,729       144,433
                                                            ------------  ------------
      Net cash (used in) provided by operating activities      (192,965)      232,105
                                                            ------------  ------------

CASH FLOWS FROM INVESTING ACTIVITIES:                                 -             -
                                                            ------------  ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Advances from related parties                                  30,832       163,627
  Payments to related parties                                  (134,975)     (161,778)
  Proceeds from issuance of common stock                              -         4,000
  Subscriptions received in advance                             413,249             -
                                                            ------------  ------------
    Net cash provided by  financing activities                  309,106         5,849
                                                            ------------  ------------

NET INCREASE IN CASH                                            116,141       237,954

CASH, beginning of the period                                   385,474        21,050
                                                            ------------  ------------

CASH, end of period                                         $   501,615   $   259,004
                                                            ============  ============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
  Interest expense paid                                     $     2,299   $       616
                                                            ============  ============
  Income taxes paid                                         $         -   $         -
                                                            ============  ============
</TABLE>

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


                                     Page 5
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

Interim  reporting
------------------

The  accompanying  unaudited consolidated interim financial statements have been
prepared  by  the  Company  in  accordance  with  the  rules  and regulations of
Regulation  S-B as promulgated by the Securities and Exchange Commission. In the
opinion of management, the accompanying unaudited consolidated interim financial
statements  contain  all  adjustments  necessary (consisting of normal recurring
accruals)  to  present  fairly  the financial information contained therein. The
accompanying  unaudited interim consolidated financial statements do not include
all  disclosures  required  by  generally  accepted accounting principles in the
United  States  of America. The results of operations for the three-month period
ended  March 31, 2007, may not necessarily be indicative of the results that may
be expected for the year ended December 31, 2007. These financial statements and
notes  should  be  read  in  conjunction with our audited consolidated financial
statements  and  related  notes for the year ended December 31, 2006 included in
our  Annual  Report  on  form  10-KSB.

Organization
------------

International  Commercial  Television  Inc.,  (the  "Company"  or  "ICTV")  was
organized  under  the  laws  of  the  state  of  Nevada  on  June  25,  1998.

On April 1, 2000, the Company entered into a Share and Option Purchase Agreement
with  the  trustees of The Better Block Trust ("BBT"), which owned or controlled
all  of the equity interest in Windowshoppc.com Limited ("WSL"), R.J.M. Ventures
Limited  ("RJML")  and  Better Blocks International Limited ("BBIL").  Under the
agreement,  the Company purchased all of the equity interest in WSL and RJML, an
option  to  purchase  all of the equity in BBIL and obtained a license to all of
the  assets owned by BBIL.  The purchase price under the agreement was 8,000,000
shares  of  the  Company's common stock and a $590,723 promissory note. In 2003,
the BB Trust agreed to forego all interest owed in connection with this note and
the  Company and BB Trust have amended the promissory note to reflect this.  The
gain  of  $148,483  was  capitalized to additional paid in capital in connection
with  the  amount of accrued interest forgiven on the note.  The option exercise
price  is  the  issuance of an additional 500,000 shares of the Company's common
stock.  For  accounting  purposes,  the  acquisition  has  been  treated  as  an
acquisition  of  ICTV by WSL and RJML and as a recapitalization of WSL and RJML.

Strategic  Media  Marketing  Corp.  ("SMM")  was incorporated in the Province of
British  Columbia  on  February  11, 2003 and has a December 31 fiscal year-end.

Windowshoppc.com Limited was organized under the laws of New Zealand on June 25,
1999, and has a fiscal year-end of March 31. During the 1999 fiscal year, at the
direction  of  management,  WSL  was  removed  from the New Zealand Registrar of
Companies.  All  assets and commitments of WSL have been transferred or assigned
directly  to  ICTV.

R.J.M. Ventures Limited was organized under the laws of New Zealand on April 23,
1998  and  has  a fiscal year-end of March 31.  During the  1999 fiscal year, at
the  direction of management, RJML was removed from the New Zealand Registrar of
Companies.  All assets and commitments of RJML have been transferred or assigned
directly  to  ICTV.


                                     Page 6
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Nature  of  operations
----------------------

The  Company  sells  various  consumer  products.  The  products  are  primarily
marketed  and  sold  throughout  the  United  States  and  internationally  via
infomercials.  Although  the  companies  are  incorporated in Nevada and British
Columbia,  operations  are  currently  run  from  Washington  State  and British
Columbia.

These  consolidated  financial  statements have been prepared on a going concern
basis,  which  assumes  that  the  Company  will  continue  in operation for the
foreseeable  future  and  be  able  to  realize  its  assets  and  discharge its
liabilities  and commitments in the normal course of business. Up until December
31,  2004  the  Company  incurred  accumulated losses, and had a working capital
deficiency,

Since January 1, 2005, the Company has been working to develop future profitable
operations  and  improve the working capital position of the Company. During the
year  ended  December  31,  2005,  the  Company  refocused  its  efforts towards
operations  and  profitability. As a result, the Company increased its sales and
reduced  its  proportionate  costs.  In  addition,  the  Company  successfully
completed  a  private  placement  subsequent  to  the  period  whereby it raised
$1,106,999  which  will  be  used  to develop new products and grow our existing
business  with new and  profitable product lines.  As a result of these efforts,
the  Company  has  now  reached  profitable operations, and has positive working
capital.

The  ability  of  the  Company to continue as a going concern and to realize the
carrying  value of its assets and discharge its liabilities when they become due
is  dependent on the success of its operations. Management believes that the two
consecutive  years  of  profitability and the successful financing has mitigated
the  adverse  conditions  which  raised substantial doubt on the Company's going
concern.

These financial statements do not reflect adjustments that would be necessary if
the  Company  is  unable  to  continue  as a going concern. If the going concern
assumption  is  not appropriate for these financial statements, then adjustments
would be necessary to the carrying value of assets and liabilities, the reported
net  income,  and  the  balance  sheet  classifications  used.

Principles  of  consolidation
-----------------------------

The  accompanying consolidated financial statements include 100% of the accounts
of  the  Company  and  its  wholly-owned  subsidiary  SMM.  All  significant
inter-company  transactions  and  accounts  have  been  eliminated.

Cash  equivalents
-----------------

The  Company  considers  all  unrestricted  highly  liquid  investments  with an
original  maturity  of  three  months  or  less  to  be  cash  equivalents.

Accounts receivable
-------------------

No allowance for uncollectible accounts has been provided. Any accounts
receivable that are considered doubtful have been written off by management as
bad debt expense. The amount of bad debt expense for the period ended March 31,
2007 and 2006 are $20,551 and  nil. The amounts are included in general and
administrative expense in the accompanying consolidated financial statements.
The Company's management has evaluated the remaining accounts receivable and
believe they are all collectible.

Inventory
---------

Inventories consists primarily of products held for resale, and are valued at
the lower of cost (first-in, first-out method) or market.  The Company adjusts
inventory for estimated obsolescence when necessary based upon demand and market
conditions.


                                     Page 7
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Furniture  and  equipment
-------------------------

Equipment  is  carried  at  cost and depreciation is computed over the estimated
useful  lives  of the individual assets ranging from 3 to 7 years.  Depreciation
is  computed  using  the  straight-line  method.

The  related  cost  and  accumulated depreciation of assets retired or otherwise
disposed  of  are  removed  from  the accounts and the resultant gain or loss is
reflected  in  earnings.  Maintenance  and  repairs are expensed currently while
major  renewals  and  betterments  are  capitalized.

Long-term  assets  of  the  Company  are  reviewed  annually as to whether their
carrying  value  has become impaired. Management considers assets to be impaired
if  the  carrying  value  exceeds  the  future projected cash flows from related
operations. Management also reevaluates the periods of amortization to determine
whether  subsequent events and circumstances warrant revised estimates of useful
lives.  As  of  March  31,  2007,  management  expects  these assets to be fully
recoverable.

Depreciation  expense  amounted  to $1,589 and $4,687 for the three months ended
March  31,  2007  and  2006,  respectively.

Revenue recognition
-------------------

Product  sales  revenue  is  recognized  upon  shipment  of  the  product to the
customer.  The  Company  has a return policy whereby the customer can return any
product  received within 30 days of receipt for a full refund excluding shipping
and  handling.  The  Company  provides  an allowance for returns based upon past
experience.  All  significant  returns  for the years presented have been offset
against  gross  sales.  Revenue  related  to the sale of third party products is
generally  recorded  at  gross  amounts  with  a corresponding charge to cost of
sales.  Certain  third party products are sold under a commission basis and only
the  commission  income  is  recorded  for  these  sales.

Shipping  and  handling
-----------------------

Amounts  billed  to customers for shipping and handling are included in revenue;
shipping  and  handling  revenue approximated $117,027 and $12,580 for March 31,
2007 and 2006, respectively. Shipping and handling costs are included in cost of
sales. Shipping and handling costs approximated $60,267 and $5,260 for March 31,
2007  and  2006,  respectively

Research  and  development
--------------------------

Research  and  development  costs  are  expensed as incurred and are included in
selling  and  marketing  expense  in  the  accompanying  consolidated  financial
statements.  Research  and  development  costs  primarily  consist of efforts to
discover  and  develop  new  products  and  the  testing  and  development  of
direct-response  advertising  related  to  these  products.


                                     Page 8
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Media  and  production  costs
-----------------------------

Media  and production costs are expensed as incurred and are included in selling
and marketing expense in the accompanying consolidated financial statements. The
Company  incurred $639,273 and $60,312 in such costs for the periods ended March
31,  2007  and  2006.

Income  taxes
-------------

The  Company uses the asset and liability method of accounting for income taxes,
which  requires  the  recognition of deferred tax liabilities and assets for the
expected  future tax consequences of temporary differences between tax bases and
financial  reporting  bases  of assets and liabilities. A valuation allowance is
recorded  for  deferred tax assets when it is not more likely than not that this
future  tax  asset  will  be  realized.

Stock  options
--------------

The  Company  adopted a stock option plan ("Plan").  The purpose of this Plan is
to  provide  additional  incentives  to  key  employees, officers, directors and
consultants  of  the  Company  and its subsidiaries in order to help attract and
retain  the  best  available  personnel  for  positions  of  responsibility  and
otherwise promoting the success of the business activities.  It is intended that
options  issued  under  this  Plan  constitute  nonqualified  stock options. The
general  terms  of  awards  under  the  option  plan are that 20% of the options
granted  will  vest  the  month  following  the grant, and 10% will vest every 6
months  thereafter.  The  maximum  term  of  options granted is 10 years and the
number  of  shares  authorized  for  grants  of  options  is  3,000,000.

Prior  to  March  2006,  the  Company  used  Statement  of  Financial Accounting
Standards  No.  148  "Accounting  for  Stock-Based Compensation - Transition and
Disclosure"  (SFAS  No.  148)  to  account  for  its  stock  based  compensation
arrangements.  This statement amended the disclosure provision of FASB statement
No. 123 to require prominent disclosure about the effects on reported net income
of  an entity's accounting policy decisions with respect to stock-based employee
compensation.  As  permitted  by  SFAS  No. 123 and amended by SFAS No. 148, the
Company  continued  to  apply  the  intrinsic  value  method  under  Accounting
Principles  Board  ("APB")  Opinion  No.  25,  "Accounting  for  Stock Issued to
Employees,"  to  account for its stock-based employee compensation arrangements.

In  December  2004,  the  Financial  Accounting Standards Board issued Statement
Number  123  ("FAS  123  (R)"), Share-Based Payments, which is effective for the
reporting  period  beginning  on January 1, 2006. The statement will require the
Company  to  recognize compensation expense in an amount equal to the fair value
of  share-based payments such as stock options granted to employees. The Company
has  the  option to either apply FAS 123 (R) on a modified prospective method or
to  restate  previously  issued  financial  statements, and chose to utilize the
modified  prospective  method.  Under  this  method,  the Company is required to
record  compensation  expense  (as  previous  awards  continue  to vest) for the
unvested  portion  of  previously  granted awards that remain outstanding at the
date  of  adoption.


                                     Page 9
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Stock  options  (continued)
---------------------------

In  January 2006, the Company adopted the expense recognition provisions of SFAS
No.  123,  and  for  the  period  ended  March 31, 2007, issued no warrants and,
therefore,  recorded  no  stock  compensation  expense.

The following is a summary of stock options outstanding under the existing stock
option  plan  for  the  three  months  ended  March  31,  2007:

<TABLE>
<CAPTION>
                                       Number of Shares           Weighted
                               -------------------------------    Average
                                            Non-                  Exercise
                               Employee   Employee     Totals      Price
                               --------  ----------  ----------  ---------
<S>                            <C>       <C>         <C>         <C>
Balance, January 1, 2006              -  1,209,000   1,209,000   $    0.47
  Granted during 2006                 -          -           -   $    0.00
  Exercised during the year           -     (8,000)     (8,000)  $    0.50
  Cancelled during the year           -    (40,000)    (40,000)  $    2.00
                               --------------------------------

Balance, December 31, 2006            -  1,161,000   1,161,000   $    0.43

  Cancelled during the period         -          -           -   $    0.00
  Exercised during the period         -          -           -   $    0.00
                               --------------------------------

Balance, March 31, 2007               -  1,161,000   1,161,000   $    0.43
                               ================================
</TABLE>

During  the period ended March 31, 2007 and 2006, there were no options granted.
Of  the  stock  options  currently  outstanding,  975,000  options are currently
exercisable at a weighted average exercise price of $0.43.  These options expire
at  dates  ranging  between  December  31,  2007  and  September  28,  2011.

Had  compensation  cost for the Company's option plans been determined using the
fair  value  method at the grant dates, the effect on the Company's net loss and
loss  per  share would have been as follows for the three months ended March 31:


                                   Page 10
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

<TABLE>
<CAPTION>
                                                2007        2006
                                              ---------  ----------
<S>                                           <C>        <C>
Net income (loss) as reported                 $ 206,989  $ (18,432)
Deduct:
  Total stock based employee compensation
   determined under fair value method for all
   awards, net of related tax effects                 -          -
                                              ---------  ----------

Pro forma net income (loss)                   $ 206,989  $ (18,432)
                                              =========  ==========

Earnings (loss) per share:
  Basic - as reported                         $    0.02  $   (0.00)
                                              =========  ==========
  Basic - pro forma                           $    0.02  $   (0.00)
                                              =========  ==========

  Diluted - as reported                       $    0.02  $   (0.00)
                                              =========  ==========
  Diluted - pro forma                         $    0.02  $   (0.00)
                                              =========  ==========
</TABLE>

Use  of  estimates
------------------

The  preparation  of  financial statements in conformity with generally accepted
accounting  principles  of  the  United States of America requires management to
make  estimates  and  assumptions  that  affect  the  amounts  reported  in  the
consolidated  financial  statements and accompanying notes.  Management believes
that  the  estimates utilized in preparing its consolidated financial statements
are  reasonable  and prudent.  Actual results could differ from these estimates.

Method  of  Presentation
------------------------

Certain  amounts  in  the  2006  financial  statements have been reclassified to
conform  to  the  2007  presentation.


                                   Page 11
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Concentration  of  credit  risk
-------------------------------

Financial  instruments,  which potentially subject the Company to concentrations
of  credit risk, include cash and trade receivables.  The Company maintains cash
in  bank  accounts  that,  at times, may exceed federally insured limits.  As of
March  31,  2007, the Company did not exceed the federally insured limit  in its
main  operating account or its main credit card merchant account; however it did
exceed the limit by approximately $334,000 in its investment savings account. On
March 31, 2006 the Company exceeded the federally insured limit by approximately
$150,000  in  its  main  operating  account. The Company has not experienced any
losses  in such accounts and believes it is not exposed to any significant risks
on  its  cash in bank accounts. As of March 31, 2007 and March 31, 2006, 56% and
35%  of  the  Company's  accounts  receivable  were  due from various individual
customers  to  whom  our  Dermawand  product  had  been sold directly via Direct
Response  Television;  the  remaining  44%  and  65%  of  the Company's accounts
receivable  were  due  from  seven and five international infomercial operators,
respectively.


NOTE  2  -  LICENSE  AND  RECONVEYANCE  AGREEMENTS

Effective  April  1,  2000,  the Company entered into a License and Reconveyance
Agreement  with  WSL and RJML.  These agreements are royalty-free.  WSL and RJML
owned  or had rights in certain intellectual properties that were transferred or
assigned  to ICTV during 2003.  Accordingly, WSL and RJML granted all production
rights, proprietary rights, inventory, development rights, hard assets, licenses
and  any  assets or rights to the Company.  The Company has the right to further
develop  and  enhance  the  intellectual  properties  as  the  Company sees fit.


NOTE  3  -  FINANCIAL  INSTRUMENTS

Statement  of  Financial Accounting Standards No. 107 ("SFAS 107"), "Disclosures
About Fair Value of Financial Instruments" requires disclosure of the fair value
of  financial  instruments held by the Company.  SFAS 107 defines the fair value
of  financial  instruments  as  the  amount  at  which  the  instrument could be
exchanged  in  a  current  transaction  between  willing parties.  The following
methods  and  assumptions  were  used  to  estimate  fair  value:

The  carrying  amount of accounts receivable and payables approximate fair value
due  to  their  short-term  nature.  The  carrying  amount  of note payable debt
represent  the  fair  value  of  the note payable based on the borrowing rate of
0.0%.


                                   Page 12
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  4  -  COMMITMENTS  AND  CONTINGENCIES

Smart  Stacks(TM)
-----------------

On  May  18, 1998, RJML entered into a manufacturing, marketing and distribution
agreement  with  the  inventor of Smart Stacks(TM). Smart Stacks(TM) is a set of
rotating  and  stacking  storage  trays. Pursuant to the agreement, the inventor
grants  to  RJML the exclusive right to manufacture, advertise, promote, market,
sell  and  distribute  Smart  Stacks(TM)  worldwide  through  all  means.  In
consideration  of  the  grants  received,  RJML shall pay a royalty based on net
sales  depending  on  various scenarios as defined in the agreement. The initial
term  of  the  agreement  was  five  years  starting May 18, 1998. The agreement
automatically  and  continually renews for successive additional five-year terms
unless  RJML  is  in material default and is notified in writing at least thirty
days  prior  to  the  end  of the then current term that the inventor intends to
terminate  the  agreement.

On  July  1,  1998,  RJML entered into a production agreement with The Broadcast
Arts  Group,  Inc. ("BAG") for the creation of infomercials of Smart Stacks(TM).
RJML  pays all necessary expenses for the creation of the infomercials and after
completion,  will  retain  all rights, title and interest arising under the U.S.
Copyright  Act,  the U.S. Trademark Act and all other applicable laws, rules and
regulations in and to the entire editorial, visual, audio and graphic content of
the infomercials. In consideration of services rendered by BAG, RJML shall pay a
royalty  based  on RJML's adjusted gross sales depending on various scenarios as
defined  in  the  agreement.

This agreement has an indefinite term, however, it may be terminated upon thirty
days  written  notice  under  certain  conditions  as  defined in the agreement.


Derma  Wand(TM)
---------------

On  August  17,  1999,  WSL entered into a production agreement with BAG for the
creation  of infomercials of Derma Wand(TM). WSL pays all necessary expenses for
the  creation  of the infomercials and after completion, will retain all rights,
title  and interest arising under the U.S. Copyright Act, the U.S. Trademark Act
and  all  other  applicable  laws,  rules  and  regulations in and to the entire
editorial,  visual,  audio  and  graphic  content  of  the  infomercials.  In
consideration  of  services  rendered  by  BAG, WSL shall pay a royalty based on
adjusted  revenues  or  units sold depending on various scenarios defined in the
agreement.  The  initial  term of this agreement was until August 31, 2002. Upon
expiration,  this  agreement automatically and continually renews for successive
additional  three-year  terms  unless  either party is in material breach or the
other  party  notifies the breaching party in writing at least thirty days prior
to the end of the then current term. During the period ended March 31, 2005, the
agreement  was  amended such that royalties payable on units sold after December
31,  2004  cease.


                                   Page 13
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  4  -  COMMITMENTS  AND  CONTINGENCIES  (CONTINUED)


Derma  Wand(TM)(continued)
-------------------------

On  October  15,  1999,  WSL  entered  into  an  endorsement  agreement  with an
individual for her appearance in a Derma Wand(TM) infomercial. On July 11, 2001,
the  agreement  was  amended  to  include  a  royalty payment for each unit sold
internationally,  up  to a maximum royalty payment for any one calendar quarter.
Further,  if  the infomercial is aired in the United States, then the airing fee
will revert back to the same flat rate per calendar quarter. The initial term of
the  agreement  was  five  years  starting  October  15,  1999.  The  agreement
automatically  and  continually renews for successive additional five-year terms
unless  RJML  is  in material default and is notified in writing at least thirty
days  prior  to  the end of the then current term that the individual intends to
terminate  the  agreement.

The  Company assumed any and all responsibilities associated with the agreements
noted above on April 1, 2000, pursuant to the license and reconveyance agreement
disclosed  in  Note  2.

On  January  5,  2001,  WSL  entered into a marketing and royalty agreement with
Omega 5. WSL shall have worldwide nonexclusive rights to manufacture, market and
distribute  Derma  Wand(TM).  In  consideration of these rights, WSL shall pay a
royalty  for  each  unit  sold  of  Derma Wand depending on various scenarios as
defined  in  the  agreement.  The  agreement  is  silent  as  to  its  duration.

During  2007, the Company entered into a License Agreements with Omega 5 wherein
ICTV  was  appointed  as exclusive distributor for the Derma Wand(TM) worldwide.
The  rights  remain exclusive to ICTV provided ICTV purchases a minimum quantity
each  year and pays the royalty described above. The term of the agreement is in
effect  so  long as the Company is not in default of the terms of the agreement.

SprintR
-------

On  June  6,  2002,  the Company entered into an exclusive license and marketing
agreement with Land Surfer Scooter Company Ltd. ("LSSC").  LSSC has been granted
by  way of a valid agreement, by the manufacturer, the exclusive right to market
a fold-up rocker-powered scooter.  LSSC agrees to allow the Company to order the
scooters  directly  from the manufacturer and the Company agrees to provide LSSC
all  copies of such orders.  In consideration of the grant received, the Company
shall  pay  LSSC  a  royalty  per unit sold depending on various scenarios.  The
initial  term  of  the  agreement  is  five  years  starting  June 6, 2002.  The
agreement  automatically  and  continually renews for successive additional five
years  unless  the  Company  is  in  default.


                                   Page 14
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  4  -  COMMITMENTS  AND  CONTINGENCIES  (CONTINUED)

Bondzalot(TM)
-------------

On  July  8,  2002,  the  Company  entered  into  an  exclusive  marketing  and
distribution  agreement  with  an  individual  in  connection  with  a  range of
specialty  adhesive  products  ("Products").  The  individual  has  granted  the
exclusive  right  to  market  through  all forms of distribution a product to be
known  as  Bondzalot(TM) in all countries throughout the world other than Canada
and  the  United  Kingdom, and on a non-exclusive basis in Canada and the United
Kingdom.  In consideration for the right received, the Company shall, at its own
expense,  produce and test broadcast a long-form infomercial ("Program") and pay
a royalty on a per unit basis at a price to be determined. The Company agrees to
purchase  a  minimum  of  $250,000  worth  of Products from the individual on an
annual basis, commencing from the date the Program is test broadcasted (December
15, 2002), to retain the exclusive rights, otherwise the license shall revert to
a  non-exclusive  license.  The  initial  term  of  the  agreement is five years
starting  July  8,  2002. The agreement automatically and continually renews for
successive  additional  five-year terms, unless either party is in breach of the
agreement  and  the breach is not remedied within 30 days of written notice. The
Company  produced  and tested the Program. As the results were poor, the Company
did  not  purchase the minimum commitment to retain exclusive rights. Management
plans  to  edit  the  Program  with  the  intention  of  marketing  the Products
internationally.

TwinTech(TM)
------------

In  January,  2003, the Company entered into an exclusive agreement with Chevron
Oronite Company LLC ("COC") whereby the parties acknowledge that ICTV intends to
market,  sell  and distribute various automobile fuel and oil additive products,
developed  by  COC,  in the United States and elsewhere in the world via various
means  and  media,  including,  without  limitation, one or more direct response
television programs of 30 minutes or less.  The initial term of the agreement is
three  years  from the date of first airing of the infomercial and automatically
renews  for  three  years  unless  the  Company  is  in  default.


On  February  20, 2003, the Company entered into a Supply Agreement with Calidad
Auto  Tech,  Inc.  ("CAT")  whereby CAT will sell to the Company and the Company
will  purchase  from  CAT  certain  automobile  fuel  and  oil additive products
developed  by  COC.  The  initial  term of the agreement is three years from the
date of first airing of the infomercial and automatically renews for three years
unless  the  Company  is  in  default.


                                   Page 15
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE 4 - COMMITMENTS AND CONTINGENCIES (CONTINUED)


TwinTech(TM)(continued)
----------------------

On  April  28,  2003,  the  Company  entered  into  a Broadcast Video Production
Agreement  with  Real  to Reel Productions ("Real to Reel") whereby Real to Reel
will  render  various  services  related  to  the  production  of an infomercial
designed  to  sell  the  TwinTech(TM) Automotive  Engine Treatment  Additive. In
addition  to  the production fee, the Company shall pay a royalty based on gross
sales  generated  from the infomercial.  The term of the agreement is five years
and  Real to Reel retains the right of first refusal for subsequent new shows to
further  promote  the  product.

On  April  28,  2003,  the  Company  entered  into  a  funding  agreement with a
shareholder, whereby the shareholder agrees to pay Real to Reel's production fee
of  approximately  $196,000,  and in return, the Company has agreed to pay a per
kit  royalty  to  the shareholder based on various scenarios, until such time as
the  total royalty payments reach $2,000,000. The production fee was accrued and
expensed  as  "production  costs" and included in selling and marketing expenses
during  the  fiscal  year  ended  December  31,  2005.

During  the  period  ended March 31, 2005, the Company entered into an agreement
with  COC  and CAT terminating the January 2003 and February 20, 2003 agreements
described  above.  In  consideration  for  surrendering its rights to advertise,
promote,  market, sell or otherwise distribute TwinTech(TM) the Company received
$800,000  from  COC.  From  these funds, the Company has agreed to repay Real to
Reel's production fee in full settlement of the obligations to a shareholder set
forth  in  the  April  28,  2003  agreement  described  above.

Other  matters
--------------

For the period from January 1, 2004 through August 31, 2005, the Company did not
maintain  product  liability  insurance  for  all  products  sold.  For  certain
products, the Company is listed as an additional insured party under the product
manufacturers'  insurance  policy.  On  February 20, 2007, the Company purchased
additional  liability insurance to cover all direct to consumer product sales in
the  US;  this  policy  is  due  to  expire  on  February 20, 2008.  At present,
management is not aware of any claims against the Company for any products sold.

On  December 20, 2005, the Company entered into an operating lease agreement for
office  facilities  for its international operations from an unrelated party for
approximately $2,400 per month.  The term of the lease is three years commencing
January  1, 2006 and ending December 31, 2008. Our executive offices are located
in  Bainbridge  Island,  Washington and are provided to the Company at a rate of
$350  per  month  by  Kelvin  Claney,  President  of  the  Company.


                                   Page 16
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  5  -  RELATED  PARTY  TRANSACTIONS

The Company has received short-term advances from a shareholder.  These advances
amounted  to  $190,406 as of March 31, 2007.  Interest rates charged during this
period ranged from 0% to 21.24%.  These advances are included in "Due to related
parties"  on  the  accompanying  consolidated  balance  sheets.

The  Company has a note payable to a shareholder in the amount of $590,723. This
loan  is  interest-free  and  has  no  specific  terms  of  repayment.


NOTE  6  -  BASIC  AND  DILUTED  LOSS  PER  SHARE

Statement  of  Financial  Accounting Standards No. 128 (SFAS 128), "Earnings Per
Share"  requires  presentation  of basic earnings per share and diluted earnings
per  share.

The  computation  of  basic  earnings per share is computed by dividing earnings
available  to  common shareholders by the weighted average number of outstanding
common shares during the period.  Diluted earnings per share gives the effect to
all  dilutive  potential  common  shares  outstanding  during  the  period.  The
computation  of  diluted earnings per share does not assume conversion, exercise
or  contingent exercise of securities that would have an anti-dilutive effect on
net  income  or  loss.

The  computations  for  basic  and  diluted  loss  per  share  are  as  follows:

<TABLE>
<CAPTION>
                                               Income        Shares       Per Share
For the three months ended March 31, 2007:  (Numerator)   (Denominator)    Amount
------------------------------------------  ------------  -------------  -----------
<S>                                         <C>           <C>            <C>
Basic earnings per share
------------------------

Income available to common shareholders     $   206,989      10,693,188  $     0.02
                                            ============  =============  ===========

Diluted earnings per share
--------------------------

Income available to common shareholders     $   206,989      11,029,407  $     0.02
                                            ============  =============  ===========

Basic and diluted loss per share
--------------------------------

Income available to common shareholders     $   (18,432)     10,643,188  $    (0.00)
                                            ============  =============  ===========
</TABLE>


                                   Page 17
<PAGE>
NOTE  7  -  INCOME  TAXES

Apart  from  the  past fiscal year, the Company has experienced operating losses
since inception.  The Company has provided a full valuation allowance on the net
deferred tax asset because of uncertainty regarding its realization.  This asset
primarily  consists  of  net  operating  losses  and  amortization.

The  Company  had  net  operating losses of approximately $787,000 related to US
federal, foreign and state jurisdictions through March 31, 2007.  Utilization of
net  operating  losses, which begin to expire at various times starting in 2021,
may  be  subject  to  certain  limitations.

Deferred  income  taxes  reflect  the  net  tax effects of temporary differences
between  the  carrying amounts of assets and liabilities for financial reporting
purposes  and  the  amounts  used  for  income  tax  purposes.

Significant components of the Company's deferred tax assets are approximately as
follows:

<TABLE>
<CAPTION>
                              March 31, 2007
                             ----------------
<S>                          <C>
Net operating loss           $       105,000
Basis of investments               2,327,000
Basis of intangibles                 428,000
Basis of stock options               103,000
Accumulated amortization             107,000
Accumulated depreciation               4,000
State taxes                         (124,000)
                             ----------------
  Total deferred tax assets        2,950,000
Valuation allowance               (2,950,000)
                             ----------------
  Net deferred tax assets    $             -
                             ================
</TABLE>


                                   Page 18
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (Unaudited)


NOTE  8  -  SEGMENT  REPORTING

The  Company  operates  in one industry segment and is engaged in the selling of
various  consumer products primarily through direct marketing infomercials.  The
Company  evaluates performance and allocates resources based on several factors,
of  which  the  primary  financial measure is operating loss by geographic area.
Operating  expenses  are  primarily  prorated  based on the relationship between
domestic  and  international  sales.

Information  with  respect to the Company's operating loss by geographic area is
as  follows:

<TABLE>
<CAPTION>
                                For the three months ended  March 31, 2007   For the three months ended March 31, 2006
                               --------------------------------------------  -----------------------------------------
                                  Domestic       International     Totals     Domestic     International     Totals
                               ---------------  ---------------  ----------  -----------  ---------------  -----------
<S>                            <C>              <C>              <C>         <C>          <C>              <C>
NET SALES
Infomercial products           $     1,300,568  $       382,477  $1,683,045  $  115,534   $      206,555   $  322,089
Trademarks                                   -                -           -           -                -            -
                               ---------------  ---------------  ----------  -----------  ---------------  -----------
                                     1,300,568          382,477   1,683,045     115,534          206,555      322,089
                               ---------------  ---------------  ----------  -----------  ---------------  -----------
COST OF SALES
Infomercial products                   297,394          159,275     456,669       7,261          122,236      129,497
Trademarks                                   -                -           -           -                -            -
                               ---------------  ---------------  ----------  -----------  ---------------  -----------
                                       297,394          159,275     456,669       7,261          122,236      129,497
                               ---------------  ---------------  ----------  -----------  ---------------  -----------
Gross profit                         1,003,174          223,202   1,226,376     108,273           84,319      192,592
                               ---------------  ---------------  ----------  -----------  ---------------  -----------

Operating expenses:
  Depreciation                           1,228              361       1,589       1,682            3,005        4,687
  General and administrative           128,032           38,670     166,702      41,458           74,289      115,747
  Selling and marketing                831,126            9,792     840,918      73,511           11,387       84,898
  Rent                                   6,089            1,790       7,879       1,822            3,254        5,076
                               ---------------  ---------------  ----------  -----------  ---------------  -----------
Total operating expense                966,475           50,613   1,017,088     118,473           91,935      210,408
                               ---------------  ---------------  ----------  -----------  ---------------  -----------

Operating income (loss)        $        36,699  $       172,589  $  209,288  $  (10,200)  $       (7,616)  $  (17,816)
                               ===============  ===============  ==========  ======-====  ===============  ===========
</TABLE>


NOTE  9  -  SUBSEQUENT  EVENTS

Subsequent  to  March  31,  2007,  the Company issued 1,475,999 shares of common
stock  at  $0.75  per  share,  for  a  total  of $1,106,999 as part of a private
placement.  Investors  will  also  receive  a warrant to purchase one additional
share  of  the  Company's stock. The exercise price of the warrant will be $1.00
per  share and is valid and exercisable from the date of issue and thereon for a
2  year  period. Proceeds of $413,249 were received prior to March 31, 2007, and
have  been  recorded  as  subscriptions  receivable  in  advance.


                                   Page 19
<PAGE>
ITEM  2.     MANAGEMENT  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

Except  for  the  historical information presented in this document, the matters
discussed  in this Form 10-QSB, and specifically in the "Management's Discussion
and  Analysis or Plan of Operation", or otherwise incorporated by reference into
this  document  contain "forward looking statements" (as such term is defined in
the  Private Securities Litigation Reform Act of 1995).  These statements can be
identified  by  the  use  of  forward-looking  terminology  such  as "believes",
"expects",  "may", "will", "intends", "should", or "anticipates" or the negative
thereof or other variations thereon or comparable terminology, or by discussions
of strategy that involve risks and uncertainties.  The safe harbor provisions of
Section  21E of the Securities Exchange Act of 1934, as amended, and Section 27A
of  the  Securities Act of 1933, as amended, apply to forward-looking statements
made  by  the  Company.  You  should not place undue reliance on forward-looking
statements.  Forward-looking  statements  involve  risks and uncertainties.  The
actual  results  that  the  Company  achieves  may  differ  materially  from any
forward-looking  statements  due  to  such  risks  and  uncertainties.  These
forward-looking  statements  are  based on current expectations, and the Company
assumes  no  obligation  to  update  this  information.  Readers  are  urged  to
carefully  review  and  consider  the various disclosures made by the Company in
this  report  on  Form  10-QSB and in the Company's other reports filed with the
Securities  and Exchange Commission that attempt to advise interested parties of
the  risks  and  factors  that  may  affect  the  Company's  business.

The  following  discussion and analysis of the Company's financial condition and
results  of  operations  should  be  read  in  conjunction  with  the  Financial
Statements  and accompanying notes and the other financial information appearing
elsewhere  in  this  report.

OVERVIEW

ICTV  was incorporated as Moran Dome Exploration, Inc. on June 25, 1998.  We had
limited  operations and assets until April 2000, when we entered into and closed
a  Share  and Option Purchase Agreement with Kelvin Claney, Robin Jan Claney and
William Ainslie Reece, in their capacity as trustees of The Better Blocks Trust.
When  the  Share  and  Option  Purchase  Agreement  with The Better Blocks Trust
closed,  we  began  our  operations  as  an infomercial company selling products
directly  to  consumers  via  long-form  and  short-form  infomercials,  both
domestically  and  internationally.  We  market products that we own or have the
exclusive  license  to  market  (which we refer to as "our products" or "our own
products"),  and  we  also  act  as  the international marketing distributor for
products  owned  by third parties (which we refer to as "third-party products").
As the international marketing distributor for the third-party products, we take
previously  existing infomercials for third-party products, locate international
infomercial  operators to sell the products featured in the infomercials, and we
receive  either  a  royalty or the difference between the price at which we sell
the  product to the international infomercial operator and the price at which we
acquire  the  product.

Although  we  currently  sell  products  through  infomercials,  the goal of our
business  plan  is  to  use the brand awareness we create in our infomercials so
that  we  can sell the products featured in our infomercials, along with related
families  of  products, under distinct brand names in traditional retail stores.
Our  goal  is  to have these families of products sold in the traditional retail
environment in shelf-space dedicated to the product category.  We are developing
the  infrastructure  to create these brands of products so that we can implement
our  business  plan.

Fluctuations  in our revenue are driven by changes in our product mix.  Revenues
may  vary  substantially from period to period depending on our product line-up.
A  product  that  generates  revenue  in  one  quarter


                                   Page 20
<PAGE>
may  not  necessarily  generate  revenues in each quarter of a fiscal year for a
variety  of  reasons,  including,  seasonal  factors, the product's stage in its
life-cycle, the public's general acceptance of the infomercial and other outside
factors,  such  as  the  general  state  of  the  economy.

Just  as  fluctuations in our revenues are driven by changes in our product mix,
our  gross  margins  from period to period depend on our product mix.  Our gross
margins  vary according to whether the products we are selling are primarily our
own  products or third-party products.  As a general rule, the gross margins for
our  own  products are considerably higher based on proportionately smaller cost
of  sales.  For  third-party  products, our general experience is that our gross
margins are lower, because we record as cost of sales the proportionately higher
cost  of  acquiring  the  product  from  the manufacturer.  Within each category
(i.e.,  our  own products versus third-party products), gross margins still tend
to  vary  based  on  factors  such  as  market  price  sensitivity  and  cost of
production.

Many  of  our  expenses for our own products are incurred up-front.  Some of our
up-front  expenditures  include  infomercial  production  costs and purchases of
media  time.  If  our  infomercials  are successful, these up-front expenditures
produce revenue on the back-end, as consumers purchase the products aired on the
infomercials.  We  do  not incur infomercial production costs and media time for
our  third-party  products,  because  we  merely  act  as  the  distributor  for
pre-produced  infomercials.  It  is  the  responsibility  of  the  international
infomercial  operators  to  whom  we  sell  the third-party products to take the
pre-produced  infomercial,  adapt  it to their local standards and pay for media
time.

RESULTS  OF  OPERATIONS

The  following  discussion  compares  operations for the quarter ended March 31,
2007,  with  the  quarter  ended  March  31,  2006.

Revenues

Our  revenues  increased to approximately $1,683,000 for the quarter ended March
31, 2007, up from approximately $322,000 recorded during the comparative quarter
in  2006,  an  increase of 423%.  In March 2006 100% of revenue was generated by
our  Derma  Wand  product as was the case for March 2007.  All revenues recorded
during  the  quarter ended March 31, 2007 were generated by our own products, as
was  the  case  during  the  comparative  period  in  2006.

Gross  Margin

Gross  margin  percentage  increased  to approximately 73% for the quarter ended
March  31,  2007,  compared to approximately 60% for the quarter ended March 31,
2006.  The increase in gross margin percentage was primarily due to the revenues
generated  from sales of our Derma Wand product directly to consumers in the US.
During  the  quarter  ended  March  31,  2007,  we  received  gross  margins  of
approximately $1,226,000 for Derma Wand , whereas in the quarter ended March 31,
2006,  we  received  gross  margins  of  $193,000  for  Derma  Wand.


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<PAGE>
Operating  Expenses

Total  operating  expenses  increased  to  approximately  $1,017,000  during the
quarter  ended  March  31,  2007, from approximately $210,000 during the quarter
ended  March  31,  2006,  up approximately $807,000, or 384%.  A majority of the
increase  can  be  attributed  to the increase in selling and marketing which in
2007  included $640,000 in media expenditures for our Derma Wand infomercial and
$70,000 in fulfillment charges for order processing as compared to 2006 where we
spent  approximately  $60,000  in  media and approximately $5,000 in fulfillment
charges.

Net  Income

Apart  from  the  past two fiscal years ended December 31, 2006 and December 31,
2005,  we  have  not achieved profitability on a consistent or annualized basis.
Our  net  income  of approximately $207,000 for the quarter ended March 31, 2007
follows up fourth quarter 2006 net income of approximately $343,000. Although we
expect  continued strong sales from our Derma Wand product over the remainder of
the  year,  we  anticipate that until additional financing is completed, we will
continue  to  operate  at or near break-even, as we reinvest all available funds
into  new  products.  Market acceptance of the products we launch will also be a
determining  factor as to whether we will continue to operate profitably or at a
loss.

PLAN  OF  OPERATION;  LIQUIDITY  AND  CAPITAL  RESOURCES

At  March 31, 2007, we had approximately $502,000 in cash on the books, compared
to  approximately  $385,000  at  December  31, 2006.  We generated negative cash
flows  from  operations  of  approximately $193,000 in the first quarter of 2007
compared  to  a positive cash flow from operations of approximately $232,000 for
the same period in 2006.  The negative cash flow from operations was mostly from
the  increase  to  accounts  receivable  and prepaid expenses which was slightly
offset  by  the  increase  to  payables  and  accrued  liabilities.

We  have a note payable to The Better Blocks Trust ("BB Trust") in the amount of
approximately  $591,000.

The  Company  has  granted 1,195,000 stock options; 900,000 at $0.35, 160,000 at
$0.36,  80,000 at $0.50, 35,000 at $1.50 and 20,000 at $2.00.  All option grants
vest  over  a  five-year  period.  To date, a total of 34,000 stock options have
been  exercised at $0.50 for proceeds of $17,000.  If the optionees exercise the
remainder  of  these  options as they vest, we will receive $342,270 in capital.
The  options  granted  on  September  28,  2001  resulted in a deferred non-cash
compensation  expense  of  approximately  $32,000.  During 2005, $16,000 of this
deferred  non-cash compensation expense was amortized; the remaining $16,000 was
amortized  during 2006. This assumes an estimated fair value of $1.50 per share,
based  on  the  price of our offering of $1.50 per share at the time. No options
were granted, but 8,000 options were exercised during the period ended March 31,
2006.

During  the  past  two fiscal years ended December 31, 2006 and 2005, as well as
the  first  quarter  of  2007  we  have  generated a net income from operations.
Although  we have experienced negative cash flows from operating activities, the
Company  has  working capital of approximately $719,000. The accumulated deficit
has  been decreased to approximately $736,000 as of March 31, 2007.  Although we
have  negative  cash flow from operations at this time, this is due primarily to
the  decrease  of  our  outstanding  liabilities and an increase in our accounts
receivable.  Subsequent  to  this period, we have obtained additional capital of
approximately $1,107,000 through the issuance of common stock; since our current
operations


                                   Page 22
<PAGE>
have reached a profitable level, this capitalization will be used to develop new
products and expand our business. In an effort to reach consistent profitability
and  become  less dependent on the requirement to finance continuing operations,
we  are  working to increase revenues and profit margins by continuing the trend
of  generating  revenues  by selling our own products where our margins are much
higher  than  our  third-party  products.


ITEM  3.     CONTROLS  AND  PROCEDURES

The  Company  maintains  disclosure controls and procedures that are designed to
ensure  that  information required to be disclosed in the Company's Exchange Act
reports  is  recorded, processed, summarized and reported within the time frames
specified in the SEC's rules and forms, and that such information is accumulated
and  communicated  to  the  Company's  management, including its Chief Executive
Officer  and  its  Chief  Financial Officer, to allow timely decisions regarding
required  disclosure based closely on the definition of "disclosure controls and
procedures"  in  Rule  13a-15(e)  and  15d-15(e)

As  of  March  31,  2007,  the  Company  carried  out  an  evaluation, under the
supervision  and within the participation of the Company's management, including
the  Company's  Chief  Executive  Officer  and  Chief  Financial Officer, of the
effectiveness  of  the design and operation of the Company's disclosure controls
and  procedures.  Based  on the foregoing, the Company's Chief Executive Officer
and Chief Financial Officer concluded that the Company's disclosure controls and
procedures  were  effective.

There  has  been  no  change  in  the Company's internal controls over financial
reporting identified in connection with the evaluation required by paragraph (d)
of  Exchange  Act  Rules  13a-15  or 15d-15 that occurred during our last fiscal
quarter  that  has  materially  affected,  or is reasonably likely to materially
affect  our  internal  control  over  financial  reporting.


                                   Page 23
<PAGE>
                           PART II - OTHER INFORMATION


ITEM  6.     EXHIBITS  AND  REPORTS  ON  FORM  8-K

EXHIBITS

Exhibit
Number     Description

*31.1      Rule  13a-14(a)/15d-14(a) Certification - Chief Executive Officer

*31.2      Rule  13a-14(a)/15d-14(a) Certification - Chief Financial Officer

*32        Section  1350  Certifications

*  Filed  herewith

REPORTS  ON  FORM  8-K

No  reports  on  Form  8-K  were  filed during the quarter ended March 31, 2007.


                                   Page 24
<PAGE>
                                   SIGNATURES

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

                       INTERNATIONAL COMMERCIAL TELEVISION INC.
                       ----------------------------------------
                                      Registrant


Date: May 15, 2007     By:  /s/  Kelvin  Claney
                          ----------------------------------
                       Name:   Kelvin  Claney
                       Title:  Chief  Executive  Officer


Date: May 15, 2007     By:  /s/  Karl  Redekopp
                          ----------------------------------
                       Name:   Karl  Redekopp
                       Title:  Chief  Financial  Officer


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