United States
                       Securities and Exchange Commission
                             Washington, D.C.  20549

                                   FORM 10-QSB

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

          For  the  quarterly  period  ended  March  31,  2003
                                              ----------------


[ ]  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


         110 S.E. Fourth Avenue, Suite 102, Delray Beach, Florida 33483
         --------------------------------------------------------------
                    (Address of principal executive offices)


                                 (561) 330-3199
                                 --------------
                           (Issuer's telephone number)

              ____________________________________________________
         (Former name or former address, if changed since last report.)

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  issuer  was  required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.  Yes  [X]  No  [ ]

                      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 12, 2003, the Issuer had
10,618,188  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 OF CONTENTS


PART I -    FINANCIAL INFORMATION
---------------------------------

ITEM 1.    FINANCIAL STATEMENTS                                                1

ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
              AND RESULTS OF OPERATIONS                                       22

ITEM 3.    CONTROLS AND PROCEDURES                                            25


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

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K                                    26

SIGNATURES


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


ITEM 1.   FINANCIAL STATEMENTS

          Report of Independent Certified Public Accountants                   2

          Consolidated Balance Sheets as of March 31, 2003
             (unaudited) and December 31, 2002                                 3

          Consolidated Statements of Operations for the three
             months ended March 31, 2003 and 2002 (unaudited)                  4

          Consolidated Statements of Shareholders' Deficit for the
             three months ended March 31, 2003 (unaudited) and year
             ended December 31, 2002                                           5

          Consolidated Statements of Cash Flows for the three
             months ended March 31, 2003 and 2002 (unaudited)                  6

          Notes to the Consolidated Financial Statements                    7-21


                                     Page 1
<PAGE>
REPORT  OF  INDEPENDENT  CERTIFIED  PUBLIC  ACCOUNTANTS

The  Board  of  Directors
International  Commercial  Television  Inc.  and  Subsidiaries
Delray  Beach,  Florida


We  have  reviewed  the accompanying consolidated balance sheet of International
Commercial  Television  Inc.  and  Subsidiaries  as  of  March 31, 2003, and the
related  consolidated  statements  of  operations,  cash flows and shareholders'
deficit  for  the  three-month  periods  ended  March  31,  2003  and  2002. All
information  included in these financial statements is the representation of the
management  of  International  Commercial  Television  Inc.  and  Subsidiaries.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A  review  of  interim financial
information  consists  principally  of applying analytical procedures and making
inquiries  of  persons  responsible  for financial and accounting matters. It is
substantially  less in scope than an audit in accordance with generally accepted
auditing  standards,  the  objective  of  which  is the expression of an opinion
regarding  the  financial  statements  taken  as a whole. Accordingly, we do not
express  such  an  opinion.

Based  on our review, we are not aware of any material modifications that should
be  made to the accompanying consolidated financial statements referred to above
for  them  to  be in conformity with accounting principles generally accepted in
the  United  States  of  America.

Note  14  of  the Company's audited financial statements as of December 31, 2002
and  for  the  year  then ended discloses that the Company experienced recurring
losses  from operations, had negative working capital, and negative equity as of
December  31,  2002. Our auditor's report on those financial statements includes
an  explanatory paragraph referring to the matters in Note 14 of those financial
statements  and indicating that these matters raised substantial doubt about the
Company's ability to continue as a going concern. As indicated in Note 12 of the
Company's  unaudited  interim  consolidated financial statements as of March 31,
2003,  and  for  the  three  months  then  ended,  the  Company has continued to
experience  recurring  losses from operations, has negative working capital, and
negative  equity  as  of  March  31, 2003. The accompanying interim consolidated
financial  statements  do  not include any adjustment that might result from the
outcome  of  this  uncertainty.

We  have  previously  audited,  in  accordance with auditing standards generally
accepted  in  the  United  States  of America, the consolidated balance sheet of
International  Commercial  Television  Inc.  and Subsidiaries as of December 31,
2002,  and  the  related  consolidated  statements  of operations, shareholders'
equity and cash flows for the year then ended (not presented herein); and in our
report  dated  March  25,  2003,  we included an explanatory paragraph regarding
substantial  doubt about the Company's ability to continue as a going concern on
those  consolidated  financial  statements.  In our opinion, the information set
forth in the accompanying consolidated balance sheet as of December 31, 2002, is
fairly stated, in all material respects, in relation to the consolidated balance
sheet  from  which  it  has  been  derived.


/s/ Moore Stephens Worth Frazer and Torbet, LLP


May 13, 2003
City of Industry, California


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

                          CONSOLIDATED BALANCE SHEETS
                   AS OF MARCH 31, 2003 AND DECEMBER 31, 2002
                  (See Independent Accountants' Review Report)
                  ---------------------------------------------


                                                            March 31,     December 31,
                                                           ------------  --------------
                                                               2003           2002
                                                           ------------  --------------
                                                            (unaudited)
                                                           ------------
<S>                                                        <C>           <C>
                                     ASSETS
                                     ------

CURRENT ASSETS:
  Cash                                                     $    11,361   $      21,008
  Accounts receivable                                           26,016          21,750
  Inventory, net                                                    50              50
  Prepaid expenses                                              51,718          52,110
                                                           ------------  --------------
    Total current assets                                        89,145          94,918
                                                           ------------  --------------

PROPERTY AND EQUIPMENT:
  Furniture and equipment                                      118,236         116,279
  Less accumulated depreciation                                 29,036          21,239
                                                           ------------  --------------
    Property and equipment, net                                 89,200          95,040
                                                           ------------  --------------

      Total assets                                         $   178,345   $     189,958
                                                           ============  ==============

                     LIABILITIES AND SHAREHOLDERS' DEFICIT
                     --------------------------------------

CURRENT LIABILITIES:
  Accounts payable and accrued liabilities                 $   237,242   $     198,335
  Due to related parties                                       309,210         359,830
                                                           ------------  --------------
    Total current liabilities                                  546,452         558,165
                                                           ------------  --------------

NOTE PAYABLE AND ACCRUED INTEREST TO
  SHAREHOLDER:                                                 739,206         729,588
                                                           ------------  --------------

SHAREHOLDERS' DEFICIT:
  Common stock                                                     515             490
  Common stock committed                                             -          37,500
  Additional paid-in-capital                                   342,606         325,131
  Accumulated deficit                                       (1,276,434)     (1,266,916)
  Unearned compensation                                       (174,000)       (194,000)
                                                           ------------  --------------
    Total shareholders' deficit                            (1,107,313)     (1,097,795)
                                                           ------------  --------------

      Total liabilities and shareholders' deficit         $   178,345   $     189,958
                                                           ============  ==============
</TABLE>

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


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

                      CONSOLIDATED STATEMENTS OF OPERATIONS
               FOR THE THREE MONTHS ENDED MARCH 31, 2003 AND 2002
                  (See Independent Accountants' Review Report)
                  ---------------------------------------------


                                                            March 31,     March 31,
                                                           ------------  -----------
                                                               2003         2002
                                                           ------------  -----------
                                                           (unaudited)   (unaudited)
                                                           ------------  -----------
<S>                                                        <C>           <C>

NET SALES                                                  $   517,689   $  368,070
COST OF SALES                                                  178,090      196,473
                                                           ------------  -----------
GROSS PROFIT                                                   339,599      171,597
                                                           ------------  -----------

OPERATING EXPENSES:
  Depreciation                                                   7,797          901
  General and administrative                                   176,183      154,007
  Selling and marketing                                         47,829       28,720
  Royalties                                                     80,529       35,594
  Rent                                                          16,742        2,817
                                                           ------------  -----------
    Total operating expenses                                   329,080      222,039
                                                           ------------  -----------

OPERATING INCOME (LOSS)                                         10,519      (50,442)

OTHER EXPENSES:
  Interest expense                                              10,419       10,093
  Interest expense, shareholder                                  9,618       11,448
                                                           ------------  -----------
    Total other expenses                                        20,037       21,541
                                                           ------------  -----------

LOSS BEFORE INCOME TAXES                                        (9,518)     (71,983)

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

NET LOSS                                                   $    (9,518)  $  (71,983)
                                                           ============  ===========


BASIC LOSS PER SHARE                                       $     (0.00)  $    (0.01)
                                                           ============  ===========

FULLY DILUTED LOSS PER SHARE                               $     (0.00)  $    (0.01)
                                                           ============  ===========
</TABLE>

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


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

                                         CONSOLIDATED STATEMENTS OF SHAREHOLDERS' DEFICIT
                                           (See Independent Accountants' Review Report)
                                            -------------------------------------------


                                            Common Stock         Common     Additional
                                      -----------------------  -----------  ----------
                                          $0.001 par value        Stock      Paid-In     Accumulated    Unearned
                                      -----------------------  -----------  ----------  ------------  --------------
                                        Shares      Amount      Committed    Capital      Deficit      Compensation      Totals
                                      ----------  -----------  -----------  ----------  ------------  --------------  ------------
<S>                                   <C>         <C>          <C>          <C>         <C>           <C>             <C>
Balances, January 1, 2002             10,249,500  $       150  $        -   $ (11,873)  $  (707,860)  $    (280,000)  $  (999,583)

Issuance of common stock                  23,333           23           -      34,977             -               -        35,000

Deferred issuance costs
applied                                        -            -           -      (1,944)            -               -        (1,944)

Net loss                                       -            -           -           -       (71,983)              -       (71,983)
                                      --------------------------------------------------------------------------------------------

Balances, March 31, 2002
(unaudited)                           10,272,833          173           -      21,160      (779,843)       (280,000)   (1,038,510)

Issuance of common stock                 316,355          317           -     474,223             -               -       474,540

Deferred issuance costs applied                -            -           -    (123,052)            -               -      (123,052)

Stock options cancelled                        -            -           -     (47,200)            -          47,200             -

Common stock committed for services            -            -      37,500           -             -               -        37,500

Amortization of deferred
compensation under
nonqualified stock option
plan                                           -            -           -           -             -          38,800        38,800

Net loss                                       -            -           -           -      (487,073)              -      (487,073)
                                      --------------------------------------------------------------------------------------------
Balances, December 31,
2002                                  10,589,188          490      37,500     325,131    (1,266,916)       (194,000)   (1,097,795)

Issuance of common stock                  25,000           25     (37,500)     37,475             -               -             -

Stock options cancelled                        -            -           -     (20,000)            -          20,000             -

Net loss                                       -            -           -           -        (9,518)              -        (9,518)
                                      --------------------------------------------------------------------------------------------

                                      10,614,188  $       515  $        -   $ 342,606   $(1,276,434)  $    (174,000)  $(1,107,313)
                                      ============================================================================================
</TABLE>

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


                                     Page 5
<PAGE>
<TABLE>
<CAPTION>
            INTERNATIONAL COMMERCIAL TELEVISION INC AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
               FOR THE THREE MONTHS ENDED MARCH 31, 2003 AND 2002
                  (See Independent Accountants' Review Report)
                  ---------------------------------------------


                                                               March 31,     March 31,
                                                              ------------  -----------
                                                                  2003         2002
                                                              ------------  -----------
                                                              (unaudited)   (unaudited)
                                                              ------------  -----------
<S>                                                           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                    $    (9,518)  $  (71,983)
  Adjustments to reconcile net loss to net cash provided by
    (used in) operating activities:
      Depreciation                                                  7,797          901
      Increase in accounts receivable                              (4,266)     (66,924)
      Decrease in related party receivable                              -       21,063
      Decrease in inventory                                             -          350
      Decrease in prepaid expenses                                    392       13,875
      Decrease in deferred charges                                      -        1,944
      Increase in accounts payable and accrued liabilities         38,907       41,026
      Increase in accrued interest on note payable                  9,618       10,094
                                                              ------------  -----------
        Net cash provided by (used in) operating activities        42,930      (49,654)
                                                              ------------  -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Additions to property and equipment                              (1,957)           -
                                                              ------------  -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Increase in bank overdraft                                            -        7,230
  Advances from related parties                                    13,078       53,715
  Payments to related parties                                     (63,698)     (44,347)
  Proceeds from issuance of common stock                                -       33,056
                                                              ------------  -----------
    Net cash (used in) provided by financing activities           (50,620)      49,654
                                                              ------------  -----------

NET DECREASE IN CASH                                               (9,647)           -

CASH, beginning of the period                                      21,008            -
                                                              ------------  -----------

CASH, end of period                                           $    11,361   $        -
                                                              ============  ===========


SUPPLEMENTAL DISCLOSURES OF CASH FLOW
INFORMATION:

  Interest expense paid                                       $    10,419   $   11,448
                                                              ============  ===========

  Income taxes paid                                           $         -   $        -
                                                              ============  ===========
</TABLE>

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


                                     Page 6
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

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. 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  ICT  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 period, steps were taken
to  remove  WSL  from the New Zealand Registrar of Companies at the direction of
management.  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. Subsequent to period-end, steps were
taken  to  remove  RJML  from  the  New  Zealand  Registrar  of Companies at the
direction  of  management.  All  assets  and  commitments  of  RJML  have  been
transferred  or  assigned  directly  to  ICTV.

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

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

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

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

Accounting  method
------------------

The  Company's consolidated financial statements are prepared using the accrual
method  of  accounting.  The  Company  has  elected  a  December  31  year-end.


                                     Page 7
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

New  accounting  pronouncements
-------------------------------

During  June  of  2001, the Financial Accounting Standards Board ("FASB") issued
SFAS  Statement No. 141 ("SFAS 141"), "Business Combinations" and SFAS Statement
No.  142  ("SFAS  142"),  "Goodwill  and  Other  Intangible Assets" ("FAS 142").

SFAS  141  requires  use  of  the purchase method of accounting for all business
combinations initiated after June 30, 2001, provides specific guidance on how to
identify  the  accounting  acquirer in a business combination, provides specific
criteria  for  recognizing  intangible  assets  apart from goodwill and requires
additional financial statement disclosures regarding business combinations. SFAS
141  will  impact  the Company's accounting for any business combinations it may
enter into in the future. However, SFAS 141's adoption did not have an impact on
the  Company's  present  financial  condition  or  results  of  operations.

SFAS 142 addresses the accounting for goodwill and other intangible assets after
their  initial  recognition.  SFAS  142  changes the accounting for goodwill and
other  intangible assets by replacing periodic amortization of the asset with an
annual  test  of impairment of goodwill at either the reporting segment level or
one  level  below,  providing  for  similar  accounting treatment for intangible
assets  deemed  to  have  an  indefinite  life. Assets with finite lives will be
amortized  over  their  useful  lives.  SFAS  142  also  provides for additional
financial  statement  disclosures about goodwill and intangible assets. SFAS 142
will  impact the Company's accounting for any business combinations it may enter
into  in  the future. However, SFAS 142's adoption did not have an impact on the
Company's  present  financial  condition  or  results  of  operations.

In  June  2001, the FASB issued SFAS Statement No. 143 ("SFAS 143"), "Accounting
for  Asset  Retirement  Obligations".  SFAS  143  changes the recorded amount of
liabilities  associated  with  asset  retirements  and requires the accretion of
interest  expense  over  the remaining life of the asset. SFAS 143 also requires
additional  disclosure regarding asset retirement obligations. This statement is
effective  for  fiscal years beginning after June 15, 2002. The adoption of this
statement  did  not  have  a  significant  impact  on the financial condition or
results  of  operations  of  the  Company.

In August 2001, the FASB issued SFAS Statement No. 144 ("SFAS 144"), "Accounting
for  the  Impairment  or  Disposal  of  Long-Lived Assets". SFAS 144 retains the
existing  requirements  to  recognize  and  measure the impairment of long-lived
assets  to  be  held  and  used  or to be disposed of by sale. However, SFAS 144
changes  the  scope  and certain measurement requirements of existing accounting
guidance.  SFAS  144  also  changes  the  requirements relating to reporting the
effects  of  a  disposal  or  discontinuation  of  a segment of a business. This
statement  is  effective for fiscal years beginning after December 15, 2001. The
adoption  of  this  statement did not have a significant impact on the financial
condition  or  results  of  operations  of  the  Company.

In  April 2002, the FASB issued SFAS Statement No. 145 ("SFAS 145"), "Rescission
of Statements No. 4, 14 and 64, Amendment of FASB Statement No. 13 and Technical
Corrections".  This  statement  rescinds SFAS No. 4, "Reporting Gains and Losses
from  Extinguishment  of Debt," and an amendment of that Statement, SFAS No. 64,
"Extinguishments  of  Debt  Made  to  Satisfy  Sinking-Fund  Requirements." This
statement  also rescinds SFAS No. 44, "Accounting for Intangible Assets of Motor
Carriers".


                                     Page 8
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

New  accounting  pronouncements  (continued)
--------------------------------------------

This  statement  amends  SFAS  No. 13, "Accounting for Leases," to eliminate any
inconsistency  between  the  required accounting for sale-leaseback transactions
and  the  required accounting for certain lease modifications that have economic
effects  that  are  similar to sale-leaseback transactions. SFAS 145 also amends
other  existing  authoritative  pronouncements  to  make  various  technical
corrections,  clarify  meanings,  or  describe their applicability under changed
conditions. This statement is effective for fiscal years beginning after May 15,
2002.  The  adoption  of this statement did not have a significant impact on the
financial  condition  or  results  of  operations  of  the  Company.

In  June  2002, the FASB issued SFAS Statement No. 146 ("SFAS 146"), "Accounting
for  Costs  Associated  with  Exit  or  Disposal  Activities". SFAS 146 requires
companies  to  recognize  costs associated with exit or disposal activities when
they  are  incurred rather than at the date of commitment to an exit or disposal
plan.  Examples of costs covered by the standard include lease termination costs
and  certain  employee severance costs that are associated with a restructuring,
discontinued  operations,  plant  closing,  or  other exit or disposal activity.
Previous  accounting  guidance  was provided by Emerging Issued Task Force Issue
No.  94-3  ("EITF  94-3"),  "Liability  Recognition  for Certain Costs, Employee
Termination  Benefits  and  Other  Costs  to Exit an Activity (including Certain
Costs  Incurred  in  a Restructuring)". SFAS 146 replaces EITF 94-3 and is to be
applied  prospectively  to  exit or disposal activities initiated after December
31,  2002.  The  adoption of this statement did not have a significant impact on
the  financial  condition  or  results  of  operations  of  the  Company.

In November 2002, the FASB issued Interpretation No. 45 ("FIN 45"), "Guarantor's
Accounting  and  Disclosure  Requirements  for  Guarantees,  Including  Indirect
Guarantees  of  Indebtedness  of  Others."  FIN  45  requires the recognition of
certain  guarantees  as  liabilities  at  fair market value and is effective for
guarantees  issued  or modified after December 31, 2002. The Company has adopted
the  disclosure requirement of FIN 45 and does not expect the impact of the fair
market value requirement to have a material impact on its financial condition or
results  of  operations  of  the  Company.

In  December  2002,  the  FASB  issued  SFAS  Statement  No.  148  ("SFAS 148"),
"Accounting  for Stock-Based Compensation - Transition and Disclosure". SFAS 148
allows  for  the  Company's  current  method  of accounting for stock options to
continue.  Effective  for  interim  periods  beginning  after December 15, 2002,
disclosure  will  be required for information on the fair value of stock options
and  the  effect  on  earnings  per share (in tabular form) for both interim and
annual reports. The adoption of this statement did not have a significant impact
on  the  financial  condition  or  results  of  operations  of  the  Company.

The  Company  has  adopted  SAB  No.  101,  "Revenue  Recognition  in  Financial
Statements"  ("SAB 101"). SAB 101 establishes accounting and reporting standards
for  the recognition of revenue. It states that revenue generally is realized or
realizable and earned when all of the following criteria are met: (1) persuasive
evidence  of  an  arrangement exists; (2) delivery has occurred or services have
been rendered; (3) the seller's price to the buyer is fixed or determinable; (4)
collectibility  is  reasonably  assured.  The adoption of this statement did not
have a significant impact on the financial condition or results of operations of
the  Company.


                                     Page 9
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

New  accounting  pronouncements  (continued)
--------------------------------------------

The  Company  adopted  the  provisions  of  FIN  No. 44, "Accounting for Certain
Transactions  Involving Stock Compensation (an interpretation of APB Opinion No.
25)".  FIN  44  clarifies  the  application  of  Opinion No. 25 for only certain
issues.  It  does  not address any issues related to the application of the fair
value  method  in  Statement  No.  123. Among other issues, FIN 44 clarifies the
definition of employee for purposes of applying Opinion No. 25, the criteria for
determining  whether  a plan qualifies as a noncompensatory plan, the accounting
consequence  of various modifications to the terms of the previously fixed stock
option  or award, and accounting for an exchange of stock compensation awards in
a  business  combination.  The  adoption  of  this  statement  did  not  have  a
significant  impact  on  the financial condition or results of operations of the
Company.

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.  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.

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

Financial instruments, which potentially subject the Company to concentration 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,  2003,  the  Company did not exceed the federally insured limit. 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, 2003 and
December  31,  2002,  all  of  the Company's trade receivables were due from two
customers.

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.  The Company's
management  has  evaluated  the  accounts and believes they are all collectible.

Inventory
---------

Inventory  consists primarily of products held for resale, and are stated at the
lower  of  cost  (first-in,  first-out  method)  or  market.


                                    Page 10
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Property  and  equipment
------------------------

Property and equipment are 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  re-evaluates  the  periods  of  amortization  to
determine  whether subsequent events and circumstances warrant revised estimates
of  useful  lives.  As  of March 31, 2003, management expects these assets to be
fully  recoverable.

Depreciation  expense  amounted  to  $7,797  and $901 for the three months ended
March  31,  2003  and  2002,  respectively.

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

Shipping  and  handling costs are included in cost of sales.  Amounts paid to us
by  customers  for  shipping  and  handling  charges  are included in net sales.

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.

Advertising  costs
------------------

Advertising  costs  are  expensed  as  incurred  and are included in selling and
marketing  expense  in  the  accompanying  consolidated  financial  statements.

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.

Income  tax  benefits have not been recorded during the current period on United
States and New Zealand losses.  These benefits will be recorded when realized or
at  such  time  it  is determined that these benefits are likely to be realized.


                                    Page 11
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

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

The  Company adopted a stock option 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  Company  applies  Accounting  Principles Board ("APB") Opinion No. 25 ("APB
25"), "Accounting for Stock Issued to Employees," and related interpretations in
accounting  for  all  stock  option  plans.  Under  APB 25, compensation cost is
recognized  for  stock options granted to employees when the option is less than
the  market  price  of  the  underlying  common  stock  on  the  date  of grant.

SFAS  No.  123  ("SFAS 123"), "Accounting for Stock-Based Compensation" and SFAS
No.  148  (SFAS  148), "Accounting for Stock-Based Compensation - Transition and
Disclosure  -  an amendment of FASB Statement No. 123" require disclosures as if
the Company had applied the fair value method to employee awards rather than the
intrinsic  value  method.  The  fair value of stock-based awards to employees is
calculated  through  the  use  of option pricing models, even though such models
were developed to estimate the fair value of freely tradable, fully transferable
options  without  vesting  restrictions,  which  differ  significantly  from the
Company's stock option awards. These models also require subjective assumptions,
including  future  stock  price  volatility and expected time to exercise, which
greatly  affect the calculated values. The Company's fair value calculations for
awards  from stock option plans were made using the Black-Scholes option pricing
model.

The  following  is  a  summary of stock options granted under the existing stock
option  plan  for  the three months ended March 31, 2003 and year ended December
31,  2002:

<TABLE>
<CAPTION>
                                          Number of Shares
                                 --------------------------------
                                              Non-                Exercise
                                           ----------             --------
                                 Employee   Employee     Totals    Price
                                 --------  ----------  ----------  ------
<S>                              <C>       <C>         <C>         <C>

Balance, January 1, 2002          350,000  1,125,000   1,475,000
   Granted on December 31, 2002         -    685,000     685,000   $ 1.50
   Cancelled during the year            -    (86,000)    (86,000)  $ 0.50
   Cancelled during the year            -   (435,000)   (435,000)  $ 2.00
                                 --------  ----------  ----------

Balance, December 31, 2002        350,000  1,289,000   1,639,000
   Cancelled during the period          -    (20,000)    (20,000)  $ 0.50
   Cancelled during the period          -   (150,000)   (150,000)  $ 2.00
                                 --------  ----------  ----------

Balance, March 31, 2003           350,000  1,119,000   1,469,000
                                 ========  ==========  ==========
</TABLE>


                                    Page 12
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

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

The Company provides proforma disclosures of compensation expense under the fair
value  method  of  SFAS  123  and  SFAS  148.

Following  are  the weighted average assumptions used for the three months ended
March  31:

                                      2003           2002
                                    --------       --------

  Risk-free interest rate             4.00%          5.88%
  Expected dividend yield               -              -
  Expected lives                     5 years        5 years
  Expected volatility                 64.2%          50.0%

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:

<TABLE>
<CAPTION>
                                                                   2003       2002
                                                                ----------  ---------
<S>                                                             <C>         <C>
Net loss as reported                                            $  (9,518)  $(71,983)
Deduct:
  Total stock based employee compensation determined under
  fair value method for all awards, net of related tax effects          -          -
                                                                ----------  ---------

  Pro forma net loss                                            $  (9,518)  $(71,983)
                                                                ==========  =========

Earnings per share:
  Basic - as reported                                           $       -   $  (0.01)
                                                                ==========  =========
  Basic - pro forma                                             $       -   $  (0.01)
                                                                ==========  =========

  Diluted - as reported                                         $       -   $  (0.01)
                                                                ==========  =========
  Diluted - pro forma                                           $       -   $  (0.01)
                                                                ==========  =========
</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.


NOTE  2  -  BUSINESS  ACQUISITION

On April 1, 2000, the Company entered into a Share and Option Purchase Agreement
with  the  trustees of BBT, which owned or controlled all of the equity interest
in  WSL,  RJML  and 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.


                                    Page 13
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  2  -  BUSINESS  ACQUISITION  (CONTINUED)

The option exercise price is the issuance of an additional 500,000 shares of the
Company's  common  stock.  Upon  the exercise of the option, the assets acquired
will  be  recorded  at  BBIL's  historical  cost.

The  license to all of the assets owned by BBIL consisted primarily of exclusive
worldwide  rights  to  manufacture,  market,  distribute,  further  develop, and
otherwise  fully  exploit  the  proprietary  rights  owned by BBIL.  The license
rights  have an initial term of 10 years, at the end of the first five years and
at  the  end  of  each  subsequent  year,  BBIL may extend the term by one year.

For  accounting  purposes, the acquisition has been treated as an acquisition of
ICT  by  WSL and RJML and as a recapitalization of WSL and RJML.  As of April 1,
2000  (date  of  acquisition),  WSL,  RJML and BBIL were valued at approximately
$15,000,000  in  an  independent  appraisal performed by Houlihan Lokey Howard &
Zukin  Financial Advisors, Inc.  The Company believes the value of the assets it
acquired  was  $13,900,000, because it currently has only license rights related
to  BBIL,  and  not  ownership  of  BBIL.


NOTE  3  -  DEFERRED  CHARGES

Deferred  charges  consist  of  specific  costs  directly  attributable  to  the
Company's  offering.  These  costs have been charged against the Company's gross
proceeds  from  the  initial  offering.


NOTE  4  -  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
own or have rights in certain intellectual properties that they do not presently
wish  to  exploit, but which it may wish to exploit in the future.  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.  At the option of WSL or RJML,
they  can  demand  to  reconvey all grants previously given to the Company.  The
license  agreements  are  in  effect until WSL and RJML exercise their rights to
demand  reconveyance.


NOTE  5  -  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 payable approximate fair value
due  to  their  short-term  nature.  The  carrying  amount  of note payable debt
approximates  fair  value  based  on the borrowing rate of prime rate plus 1.0%.


                                    Page 14
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  6  -  COMMITMENTS  AND  CONTINGENCIES

Smart  Stacks
-------------

On  May  18, 1998, RJML entered into a manufacturing, marketing and distribution
agreement  with the inventor of Smart Stacks.  Smart Stacks 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  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  is 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. 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
-----------

On  August  17,  1999,  WSL entered into a production agreement with BAG for the
creation  of infomercials of Derma Wand. 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 is 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.

On  October  15,  1999,  WSL  entered  into  an  endorsement  agreement  with an
individual  for  her  appearance in a Derma Wand 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  is  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  4.


                                    Page 15
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  6  -  COMMITMENTS  AND  CONTINGENCIES  (CONTINUED)

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

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.  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.

Nail  Dazzle
------------

On  April  10,  2002,  the Company entered into a production agreement with BAG.
Pursuant  to  the  agreement,  BAG  shall  produce  a direct response television
commercial  in  120-second and 60-second versions for the purpose of advertising
and marketing a product known as Nail Dazzle. The base production budget for the
commercials  shall  be  $23,950. In consideration for the services received, the
Company  shall  pay  a  royalty  based  on  adjusted gross revenue, depending on
various  scenarios.  In  addition,  the  Company  shall  pay royalty per kit for
international  television kits sold and international single color cylinder kits
sold.  This  agreement  shall  remain  in  effect unless and until terminated by
either  parties  in  accordance  with  the  provisions  of  the  agreement.

On  April  16, 2002, the Company entered into an exclusive license and marketing
agreement with Select Home Products ("SHP"). SHP has granted the exclusive right
to market a pen-style nail decorating device in the United States of America. In
consideration  for the right received, the Company shall pay SHP a royalty based
on a fully packed kit of ten units of single color of the device or the pro-rata
equivalent  per  individual unit of color of the device. The initial term of the
agreement is five years starting April 16, 2002. The agreement automatically and
continually  renews for successive additional five year terms unless the Company
is  in  default.

The  Company  has committed to purchase from SHP $100,000 worth of the device by
July  31,  2002. As of December 31, 2002, the Company had not purchased $100,000
worth  of  the  device. SHP has agreed to extend the deadline until such time as
the  $100,000 commitment has been met. In addition, the Company has committed to
purchase on an annual basis beginning July 31, 2002, for five consecutive years,
the  following  amounts  of  single  units  of  color  of  the  device:

Year  one         750,000  units
Year  two       2,000,000  units
Year  three     2,400,000  units
Year  four      2,880,000  units
Year  five      3,456,000  units

Subsequent  to  period-end,  the Company sold certain trademarks, a domain name,
copyrights,  infomercials  and  inventory,  all  relating  to  Nail  Dazzle to a
non-related  entity  (the  "Purchaser").  All  commitments  entered  into by the
Company  in  connection with Nail Dazzle have been transferred to and assumed by
the  Purchaser.


                                    Page 16
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  6  -  COMMITMENTS  AND  CONTINGENCIES  (CONTINUED)

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.

Bondzalot
---------

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 BondzalotTM 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, 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.

IBIZ
----

On  September  6,  2002, the Company entered into an exclusive license agreement
with  IBIZ,  Inc. and its principal (collectively, "IBIZ"). IBIZ has granted the
exclusive  right,  subject  to  certain conditions, to market certain automotive
care  and  appearance  products  through  almost  all forms of distribution on a
worldwide  basis.

In  consideration  for  the  right  received, the Company shall pay a royalty at
varying  rates  depending  on various scenarios starting at $0.50 per kit. For a
certain  period  of  time,  IBIZ  will  also  grant to the Company the option to
purchase  certain  assets,  including  but  not  limited  to,  all  formulas,
specifications,  technical  drawings, patents, trademarks, copyrights, and trade
secrets  for the sum of $3 million, payable as to $1 million cash and $2 million
by  way  of the issuance of a promissory note with interest at Chase Manhattan's
prime  plus  2%  per  annum,  principal  and  interest  payable  in  quarterly
installments over three years and prepayable in full without penalty or premium.
The  initial  term of the agreement is five years starting September 6, 2002 and
shall  continue  in full force and effect unless terminated by mutual agreement.
Upon  expiration  of the initial five-year term, the agreement automatically and
continually renews for successive additional five-year terms, unless the Company
notifies  IBIZ  at  least  30  days  before  the  end  of the then current term.


                                    Page 17
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  6  -  COMMITMENTS  AND  CONTINGENCIES  (CONTINUED)

Other  products
---------------

On June 6, 2002, the Company entered into a sales representative agreements with
six  unrelated  entities. Pursuant to the agreements, these entities shall serve
as  the  exclusive  independent  sales  representatives  for the sale of various
products  within a specified territory. In consideration for the services given,
the  Company  shall pay a commission at a rate ranging from 3% to 20% of the net
sales  price.  The  initial  term  of the agreements range from one to two years
starting  June 6, 2002. The agreements shall automatically and continually renew
for successive additional one to two year terms unless either party notifies the
other, at least thirty days before the end of the then current agreement. During
the  period,  the  Company  terminated  all six sales representative agreements.

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

For the period from April 1, 2000 through December 31, 2002, 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.  At  present,  management is not aware of any
claims  against  the  Company  for  any  products  sold.

On September 28, 2002, the Company entered into an operating lease agreement for
office  facilities  from  an unrelated party for approximately $2,100 per month.
The  lease  is scheduled to expire on October 1, 2003. The future minimum rental
commitment  is  $18,900  for  the  year  ending  December  31,  2003.

On  October  15, 2002, the Company entered into an operating lease agreement for
office  facilities  for its international operations from an unrelated party for
approximately  $3,400 per month for the first 12 months and approximately $3,800
per  month  for  the  subsequent 24 months. The term of the lease is three years
commencing  January  1,  2003  and  ending  December  31,  2005.


NOTE  7  -  RELATED  PARTY  TRANSACTIONS

The  Company has received short-term advances from a shareholder. These advances
amounted  to  $211,652  and $288,656 as of March 31, 2003 and December 31, 2002,
respectively.  Interest  rates charged during these periods ranged from 5.25% to
15.5%.  These  advances  are  included  in  "Due  to  related  parties"  on  the
accompanying  consolidated  balance  sheets.

The  Company  has  received  short-term advances from shareholders, officers and
directors  of  the Company. These advances amounted to $97,558 and $71,174 as of
March  31,  2003  and  December  31,  2002, respectively. These advances bear no
interest  and  are  due on demand. It is anticipated that these advances will be
paid within one year. 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. The
note  is unsecured and bears interest at an annual rate of prime rate plus 1.0%.
The prime rate was 4.25% as of March 31, 2003 and December 31, 2002. Interest is
compounded  monthly,  principal and interest are due November 1, 2004. Principal
and  accrued interest amounted to $739,206 and $729,588 as of March 31, 2003 and
December  31,  2002,  respectively.


                                    Page 18
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  7  -  RELATED  PARTY  TRANSACTIONS  (CONTINUED)

The  Company has made sales to entities controlled by directors and shareholders
of  the  Company.  Sales to these entities amounted to approximately $61,600 and
$44,700  for  the  three  months  ended  March  31, 2003 and 2002, respectively.

The  Company  has  made  purchases  from  an  entity  with a common director and
shareholder.  Purchases  from  this entity amounted to approximately $33,000 for
the  three  months  ended  March  31, 2002. There were no such purchases for the
three  months  ended  March  31,  2003.  In  addition, as of March 31, 2003, the
Company  has  a  receivable  from  this  entity, amounting to $14,766 related to
commission  income  earned  on  certain  sales. No such receivable existed as of
December  31,  2002.


NOTE  8  -  CAPITAL  TRANSACTIONS

Between  the  periods  February  12,  2002  to June 21, 2002, the Company issued
234,688  shares  of  its  common  stock  at  $1.50  per  share  for  $352,041.

Between the periods July 1, 2002 to December 31, 2002, the Company issued 50,000
shares  of  its common stock at $1.50 per share for consulting services totaling
$75,000  and  55,000  shares  of its common stock at $1.50 per share for certain
property  and  equipment  totaling  $82,500.

In  December  2002,  the  Company committed 25,000 shares of its common stock at
$1.50  per  share  for  consulting  services totaling $37,500. These shares were
issued  on  January  9,  2003.


NOTE  9  -  BASIC  AND  FULLY  DILUTED  LOSS  PER  SHARE

Statement  of  Financial  Accounting Standards No. 128 (SFAS 128), "Earnings Per
Share"  requires  presentation of basic earnings per share and dilutive 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
losses.  The  computations  for  basic  and  fully diluted loss per share are as
follows:

<TABLE>
<CAPTION>
                                                Loss         Shares       Per Share
                                            ------------  -------------  -----------
For the three months ended March 31, 2003:  (Numerator)   (Denominator)    Amount
------------------------------------------  ------------  -------------  -----------
<S>                                         <C>           <C>            <C>

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

Loss available to common shareholders       $    (9,518)     10,611,688  $    (0.00)
                                            ============  =============  ===========

                                                Loss         Shares       Per Share
                                            ------------  -------------  -----------
For the three months ended March 31, 2002:   (Numerator)  (Denominator)     Amount
------------------------------------------  ------------  -------------  -----------

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

Loss available to common shareholders       $   (71,983)     10,257,278  $    (0.01)
                                            ============  =============  ===========
</TABLE>


                                    Page 19
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  10  -  INCOME  TAXES

The Company did not provide any current or deferred US federal, state or foreign
tax  provision  or  benefit  for  any  of  the  periods presented because it 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  realizability.  This  asset  primarily consists of net operating
losses  and  amortization.

The  Company  had net operating losses of approximately $1,620,000 related to US
federal,  foreign and state jurisdictions through March 31, 2003. 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  as  of  March  31:

                                         2003                    2002
                                    ------------            -------------

Net operating loss                   $   341,000             $   199,000
Basis of investments                   2,430,000               2,430,000
Basis of intangibles                     428,000                 428,000
Accumulated amortization                 (87,000)                (58,000)
Accumulated depreciation                  (8,000)                      -
State taxes                             (126,000)               (122,000)
                                    ------------            -------------
Total deferred tax assets              2,978,000               2,877,000
Valuation allowance                   (2,978,000)             (2,877,000)
                                    ------------            -------------
Net deferred tax assets              $         -             $         -
                                    ============            =============


NOTE  11  -  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.


                                    Page 20
<PAGE>
                    INTERNATIONAL COMMERCIAL TELEVISION INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                  (See Independent Accountants' Review Report)
                   --------------------------------------------


NOTE  11  -  SEGMENT  REPORTING  (CONTINUED)

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

<TABLE>
<CAPTION>
                                       For the three                         For the three
                               months ended March 31, 2003            months ended March 31, 2002
                           -----------------------------------  --------------------------------------
                           Domestic   International    Totals    Domestic    International    Totals
                           ---------  --------------  --------  ----------  ---------------  ---------
<S>                        <C>        <C>             <C>       <C>         <C>              <C>

Net sales                  $  52,559  $      465,130  $517,689  $       -   $      368,070   $368,070
Cost of sales                  3,500         174,590   178,090          -          196,473    196,473
                           ---------  --------------  --------  ----------  ---------------  ---------
Gross profit                  49,059         290,540   339,599          -          171,597    171,597
                           ---------  --------------  --------  ----------  ---------------  ---------

Operating expenses:
   Depreciation                1,126           6,671     7,797          -              901        901
   General and
      administrative          25,452         150,732   176,183          -          154,007    154,007
   Selling and marketing       6,909          40,919    47,829          -           28,720     28,720
   Royalties                  11,633          68,896    80,529          -           35,594     35,594
   Rent                        2,419          14,323    16,742      2,817                -      2,817
                           ---------  --------------  --------  ----------  ---------------  ---------
Total operating expense       47,539         281,541   329,080      2,817          219,222    222,039
                           ---------  --------------  --------  ----------  ---------------  ---------

Operating income (loss)    $   1,520  $        8,999  $ 10,519  $  (2,817)  $      (47,625)  $(50,442)
                           =========  ==============  ========  ==========  ===============  =========
</TABLE>


NOTE  12  -  LIQUIDITY

The  accompanying  consolidated financial statements have been prepared assuming
the  Company will continue as a going concern and do not include any adjustments
to  reflect  the  possible  future  effects  on the recoverability of assets and
liquidation  of  liabilities that may result from this uncertainty. Although the
Company  generated  positive  cash  flow  from  operating  activities  for  the
three-month  period  ended March 31, 2003, the Company has experienced recurring
losses  from  operations  and the Company had negative cash flows from operating
activities  for  the  three-month period  ended March 31, 2002. In addition, the
Company  has  a  working  capital  deficiency  of  approximately $457,000 and an
accumulated  deficit  of  approximately  $1,276,000  as of March 31, 2003. These
considerations  raise  substantial doubt about the Company's ability to continue
as a going concern. Management is actively pursuing additional financing to fund
the  current  operating  losses  and  working  capital  deficiency.


                                    Page 21
<PAGE>
ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                RESULTS OF OPERATIONS

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 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


                                    Page 22
<PAGE>
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,
2003,  with  the  quarter  ended  March  31,  2002.

Revenues

Our revenues increased to approximately $518,000 for the quarter ended March 31,
2003,  from approximately $368,000 for the quarter ended March 31, 2002, up 41%.
In  2003, as was the case in 2002, we focused on the international markets, with
almost  90% of our revenue coming from international sales in comparison to 100%
in  2002.  The  products  that provided most of our revenue in the quarter ended
March  31,  2003,  were  our  own  products  Derma  Wand  and  BetterBlocks, and
third-party  product Cybersonic.  Unlike 2002, sales of our own products made up
the  majority  of  our  revenues  for  the  three  months  ended March 31, 2003,
increasing  to  approximately $474,000 (92% of total revenue) from approximately
$209,000  (57%  of  total  revenues)  for  the  same period in 2002.  During the
quarter  ended  March  31,  2003,  our  product Derma Wand generated $429,000 in
sales,  or  roughly  83%  of  our  total  sales for the quarter in comparison to
approximately  $205,000  (56%  of total sales) for the same period in 2002.  The
products  that provided most of our revenue in the quarter ended March 31, 2002,
were  our  Dermawand  and  third-party  products  Fight  the Fat and Cybersonic.

Management  reviewed  the results of the sales representative agreements entered
into  on  June 6, 2002 with six unrelated entities and determined that there was
no  benefit  to  continue  on  with  these  arrangements and thus terminated the
agreements.

Gross  Margin

Gross  margin  percentage  increased  to  approximately 66% in the quarter ended
March 31, 2003, from approximately 47% in the quarter ended March 31, 2002.  The
increase  in  gross  margin  percentage  was  primarily  due to the fact that we
received  more  of  our total revenues in the quarter ended March 31, 2003, from
the  sales  of  our  own  products  whereas in the quarter ended March 31, 2002,
although  we  received  more  revenue  from sales of our products in relation to
third-party  products, the percentage split between our products and third-party
products  (where we generally have a higher cost of sales than we do for our own
products)  was  57%-43%,  versus 92%-8% in 2003.  In the quarter ended March 31,
2003,  we  received  gross  margins  of  approximately  $278,000 for Derma Wand,
$36,000 for Cybersonic and $13,000 for Nail Dazzle, whereas in the quarter ended
March  31,  2002,  we received gross margins of approximately $137,000 for Derma
Wand,  $28,000  for  Cybersonic  and  $6,000  for  Fight  the  Fat.

Operating  Expenses

Total  operating  expenses  increased  to  approximately $329,000 in the quarter
ended March 31, 2003, from approximately $222,000 in the quarter ended March 31,
2002,  up  approximately  107,000,  or 48%.  The majority of the increase can be
attributed  to  increases  in  royalties  ($44,935),  general and administrative
expenses  ($22,176)  and  selling  and  marketing  expenses  ($19,109).  Higher
revenues  for  the  quarter  ended March 31, 2003 versus the same period in 2002
result  in  higher  royalties  and  selling  and  marketing  expenses.


                                    Page 23
<PAGE>
Net  Losses

To  date,  we  have  not  achieved  profitability.  Our  net  loss  decreased to
approximately  $10,000  in  the quarter ended March 31, 2003, from approximately
$72,000 in the quarter ended March 31, 2002.  The substantial improvement in our
gross  margin  was  offset  somewhat  by  our  increased operating expenses.  We
anticipate  that  until  a follow-up financing is completed, we will continue to
operate  at  a loss.  Market acceptance of the products we launch will also be a
determining  factor  as  to  whether  we  will  continue  to  operate at a loss.

PLAN  OF  OPERATION;  LIQUIDITY  AND  CAPITAL  RESOURCES

At  March  31,  2003,  we  had  approximately  $11,000  in the bank, compared to
approximately  $21,000  at  December  31, 2002.  We generated positive cash flow
from  operations  of approximately $43,000 in the first quarter of 2003, most of
which was used to pay down advances from related parties.  We used approximately
$50,000 for our operating activities in the first quarter of 2002.  We relied on
shareholder advances and sale of stock in the offering completed in 2002 to fund
operations.

We have a note payable to The Better Blocks Trust in the amount of approximately
$591,000,  with  interest,  which  is  due  on November 1, 2004.  The note bears
interest  at the prime rate plus 1%.  At March 31, 2003, the total principal and
accrued  interest  on  the  note  amounted  to  approximately  $739,000.

To  date, we have granted 1,469,000 stock options, 174,000 with a $0.50 exercise
price,  610,000  with  a  $2.00 exercise price and 685,000 with a $1.50 exercise
price.  If the optionees exercise these options over the next five years as they
vest,  we will receive approximately $2,300,000 in capital. We estimate that the
$0.50 options granted on September 28, 2001 will result in non-cash compensation
expense  of  approximately  $174,000  that  we will recognize over the next five
years  as services are rendered by the optionees. This assumes an estimated fair
value of $1.50 per share, based on the price of our offering of $1.50 per share.
We  also estimate that we will disclose in the notes to our financial statements
pro  forma  compensation  expense of approximately $1,054,000 over the next four
years  in  accordance  with  the fair value based method prescribed in SFAS 123.

The  Company  has  experienced recurring losses from operations and has negative
cash  flows  from operating activities for the years ended December 31, 2002 and
2001. In addition, the Company has a working capital deficiency of approximately
$457,000  and an accumulated deficit of approximately $1,280,000 as of March 31,
2003.  These  recurring  losses  and  our need for additional capital to sustain
operations  has  led  to  the  "going concern" opinion issued by our independent
auditors.  In  an effort to reach 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.  Furthermore, we are actively pursuing additional financing so that we
may  produce  two long-form infomercials and one short-form infomercial over the
course  of  the next nine months. We have no binding commitments or arrangements
for  additional financing, and there is no assurance that our management will be
able  to  obtain  any additional financing on terms acceptable to us, if at all.


                                    Page 24
<PAGE>
ITEM  3.     CONTROLS  AND  PROCEDURES

Based  on  the evaluation of the Company's disclosure controls and procedures as
of  a  date  within 90 days of the filing date of this quarterly report, each of
Kelvin  Claney,  the  Chief Executive Officer of the Company, and Patrick Lavin,
the  Chief  Financial  Officer of the Company, have concluded that the Company's
disclosure  controls  and  procedures are effective in ensuring that information
required  to be disclosed by the Company in the reports that it files or submits
under  the  Securities Exchange Act of 1934, as amended, is recorded, processed,
summarized  and  reported  within the time periods and requirements specified by
the  Securities  and  Exchange  Commission's  rules  and  forms.

There were no significant changes in the Company's internal controls or in other
factors that could significantly affect these controls subsequent to the date of
their  evaluation,  including  any corrective actions with regard to significant
deficiencies  and  material  weaknesses.


                                    Page 25
<PAGE>
                           PART II - OTHER INFORMATION
                           ---------------------------


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

EXHIBITS

No exhibits on Form 8-K were filed during the quarter ended March 31, 2003.

REPORTS ON FORM 8-K

No reports on Form 8-K were filed during the quarter ended March 31, 2003.


                                    Page 26
<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.


Date: May 13, 2003                    By:   /s/ Kelvin Claney
                                         -------------------------
                                      Name: Kelvin Claney
                                      Title: Chief Executive Officer


Date: May 13, 2003                    By:   /s/ Patrick Lavin
                                         -------------------------
                                      Name: Patrick Lavin
                                      Title: Chief Financial Officer


                                    Page 27
<PAGE>
                                 Certifications

I,  Kelvin  Claney,  certify  that:

1.   I  have  reviewed  this  quarterly  report  on Form 10-QSB of International
     Commercial  Television  Inc.;

2.   Based  on  my  knowledge, this quarterly report does not contain any untrue
     statement  of  material  fact or omit to state a material fact necessary to
     make  the  statements  made, in light of the circumstances under which such
     statements  were made, not misleading with respect to the period covered by
     this  quarterly  report;

3.   Based  on  my  knowledge,  the  financial  statements  and  other financial
     information  included  in  this  quarterly  report,  fairly  present in all
     material  respects  the financial condition, results of operations and cash
     flows  of  the  registrant  as  of,  and for, the periods presented in this
     quarterly  report;

4.   The  registrant's  other  certifying  officer  and  I  am  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in  Exchange  Act  Rules  13a-14  and  15d-14) for the registrant and have:

     a)   designed  such  disclosure  controls  and  procedures  to  insure that
          material  information  relating  to  the  registrant,  including  its
          consolidated  subsidiaries, is made known to us by others within those
          entities,  particularly  during  the  period  in  which this quarterly
          report  is  being  prepared;

     b)   evaluated  the  effectiveness  of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this  quarterly  report  (the  "Evaluation  Date");  and

     c)   presented  in  this  quarterly  report  our  conclusions  about  the
          effectiveness  of  the disclosure controls and procedures based on our
          evaluation  as  of  the  Evaluation  Date;

5.   The  registrant's  other  certifying officer and I have disclosed, based on
     our  most  recent  evaluation,  to  the registrant's auditors and the audit
     committee of the registrant's board of directors (or persons performing the
     equivalent  functions):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which  could  adversely  affect  the registrant's ability to
          record,  process,  summarize  and  report  financial  data  and  have
          identified  for  the  registrant's  auditors  any material weakness in
          internal  controls;  and

     b)   any  fraud, whether or not material, that involves management or other
          employees  who  have  a  significant role in the registrant's internal
          controls;

6.   The  registrant's  other  certifying  officer  and I have indicated in this
     quarterly  report whether or not there were significant changes in internal
     controls  or  in  other  factors  that  could significantly affect internal
     controls  subsequent  to  the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weakness.

               Date: May 13, 2003


                               Signed:     /s/ Kelvin Claney
                                        -------------------------------------
                                        President and Chief Executive Officer


                                    Page 28
<PAGE>
                                 Certifications

I,  Patrick  Lavin,  certify  that:

1.   I  have  reviewed  this  quarterly  report  on Form 10-QSB of International
     Commercial  Television  Inc.;

2.   Based  on  my  knowledge, this quarterly report does not contain any untrue
     statement  of  material  fact or omit to state a material fact necessary to
     make  the  statements  made, in light of the circumstances under which such
     statements  were made, not misleading with respect to the period covered by
     this  quarterly  report;

3.   Based  on  my  knowledge,  the  financial  statements  and  other financial
     information  included  in  this  quarterly  report,  fairly  present in all
     material  respects  the financial condition, results of operations and cash
     flows  of  the  registrant  as  of,  and for, the periods presented in this
     quarterly  report;

4.   The  registrant's  other  certifying  officer  and  I  am  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in  Exchange  Act  Rules  13a-14  and  15d-14) for the registrant and have:

     a)   designed  such  disclosure  controls  and  procedures  to  insure that
          material  information  relating  to  the  registrant,  including  its
          consolidated  subsidiaries, is made known to us by others within those
          entities,  particularly  during  the  period  in  which this quarterly
          report  is  being  prepared;

     b)   evaluated  the  effectiveness  of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this  quarterly  report  (the  "Evaluation  Date");  and

     c)   presented  in  this  quarterly  report  our  conclusions  about  the
          effectiveness  of  the disclosure controls and procedures based on our
          evaluation  as  of  the  Evaluation  Date;

5.   The  registrant's  other  certifying officer and I have disclosed, based on
     our  most  recent  evaluation,  to  the registrant's auditors and the audit
     committee of the registrant's board of directors (or persons performing the
     equivalent  functions):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which  could  adversely  affect  the registrant's ability to
          record,  process,  summarize  and  report  financial  data  and  have
          identified  for  the  registrant's  auditors  any material weakness in
          internal  controls;  and

     b)   any  fraud, whether or not material, that involves management or other
          employees  who  have  a  significant role in the registrant's internal
          controls;

6.   The  registrant's  other  certifying  officer  and I have indicated in this
     quarterly  report whether or not there were significant changes in internal
     controls  or  in  other  factors  that  could significantly affect internal
     controls  subsequent  to  the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weakness.

               Date: May 13, 2003


                               Signed:     /s/ Patrick Lavin
                                        -----------------------
                                        Chief Financial Officer


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