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**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      D.C. 20549





**FORM
      10-QSB**




(Mark
      One)





x
            Quarterly
                report pursuant to Section 13 or 15(d) of the Securities Exchange
                Act of
                1934




For
      the
      quarterly period ended March 31, 2006





o
            Transition
                report pursuant to Section 13 or 15(d) of the Securities Exchange
                Act of
                1934




For
      the
      transition period from _______ to ______




Commission
      File Number 000-50098





**PUBLIC
                COMPANY MANAGEMENT CORPORATION**
              (Exact
                name of small business issuer as specified in its
                charter)




**NEVADA**
              (State
                or other jurisdiction of incorporation or organization)
            **88-0493734**
              (IRS
                Employer Identification No.)




**5770
                El Camino Road, Las Vegas, NV 89118**
              (Address
                of principal executive offices)**(702)
                222-9076**
              (Issuer's
                telephone number)








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





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





As
      of May
      10, 2006, there were 23,384,912 outstanding shares of the registrant's common
      stock, $.001 par value per share.





Transitional
      Small Business Disclosure Format (Check one):  Yes o No x









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**PUBLIC
      COMPANY MANAGEMENT CORPORATION**





**QUARTERLY
      REPORT ON FORM 10-QSB**


**FOR
      THE QUARTER ENDED MARCH 31, 2006**





**INDEX**




Page**PART
                I. FINANCIAL INFORMATION**Item
                1.  Financial Statements
                (Unaudited)Consolidated
                Balance Sheets as of March 31, 2006 and September
                30, 2005
            1Consolidated
                Statements of Operations for the Three and Six
                Months Ended March 31, 2006 and 2005
            2Consolidated
                Statements of Cash Flows for the Six Months Ended
                March 31, 2006 and 2005
            3Notes
                to Consolidated Financial
                Statements
            4Item
                2.  Management's Discussion and
                Analysis
            5Item
                3.  Controls and Procedures
            12**PART
                II. OTHER INFORMATION**Item
                1. Legal Proceedings
            12Item
                2.  Unregistered Sales of Equity Securities and
                Use of Proceeds
            13Item
                6.  Exhibits
            13Signatures
            13






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**PART
      I**


**FINANCIAL
      INFORMATION**




**Item
              1.**
            **Financial
                Statements.**





PUBLIC
      COMPANY MANAGEMENT CORPORATION


CONSOLIDATED
      BALANCE SHEETS


March
      31,
      2006 and September 30, 2005


(Unaudited)




March
                    31,
                
                September
                    30,ASSETS
                
                2006
                
                2005Current
                    AssetsCash
                
                $
                9,956
                
                $
                40,061Accounts
                    receivable, net
                
                
                28,028
                
                
                11,981Notes
                    receivable
                
                
                28,625
                
                
                56,500Marketable
                    securities
                
                
                455,900
                
                
                719,233Other
                    assets
                
                
                6,428
                
                
                6,421Total
                    Current Assets
                
                
                528,937
                
                
                834,196Stock
                    receivable, net
                
                
                136,975
                
                
                394,975Non-marketable
                    securities
                
                
                2,871,708
                
                
                1,623,552Furniture
                    and equipment, net
                
                
                61,179
                
                
                69,797Website,
                    net
                
                
                21,165
                
                
                37,187TOTAL
                    ASSETS
                
                $
                3,619,964
                
                $
                2,959,707LIABILITIES
                    AND STOCKHOLDERS’ EQUITYCurrent
                    LiabilitiesAccounts
                    payable and accrued expenses
                
                $
                313,691
                
                $
                213,198Current
                    portion of installment notes payable
                
                
                16,015
                
                
                16,015Bank
                    lines of credit
                
                
                76,005
                
                
                80,476Notes
                    payable
                
                
                88,410
                
                
                84,200Deferred
                    revenues
                
                
                2,205,400
                
                
                1,480,200Total
                    Current Liabilities
                
                
                2,699,520
                
                
                1,874,089Long-term
                    portions of installment note payable
                
                
                22,098
                
                
                32,029TOTAL
                    LIABILITIES
                
                
                2,721,618
                
                
                1,906,118Stockholders’
                    EquityCommon
                    stock, $.001 par value, 50,000,000 shares authorized, 23,171,171
                    and
                    22,553,171 shares issued and outstanding, respectively
                
                
                23,171
                
                
                22,553Paid
                    in capital
                
                
                2,223,986
                
                
                1,954,003Accumulated
                    deficit
                
                
                (1,348,811
                )
                
                (922,967
                )TOTAL
                    STOCKHOLDERS’ EQUITY
                
                
                898,346
                
                
                1,053,589TOTAL
                    LIABILITIES AND STOCKHOLDERS’ EQUITY
                
                $
                3,619,964
                
                $
                2,959,707






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PUBLIC
      COMPANY MANAGEMENT CORPORATION


CONSOLIDATED
      STATEMENTS OF OPERATIONS


(Unaudited)




Three
                    Months Ended
                  March
                    31,
                
                Six
                    Months Ended
                  March
                    31,2006
                
                2005
                
                2006
                
                2005Revenue
                
                $
                274,721
                
                $
                714,111
                
                $
                792,160
                
                $
                1,120,103General
                    and administrative
                
                
                399,602
                
                
                573,858
                
                
                867,551
                
                
                1,161,459Bad
                    debt expense
                
                
                —
                
                
                —
                
                
                70,500
                
                
                —Depreciation
                    and amortization
                
                
                12,288
                
                
                12,732
                
                
                24,640
                
                
                25,174Total
                    operating expenses
                
                
                411,890
                
                
                586,590
                
                
                962,691
                
                
                1,186,633Net
                    (loss) income from operations
                
                
                (137,169
                )
                
                127,520
                
                
                (170,531
                )
                
                (66,530
                )Other
                    income and (expense)Interest
                    expense
                
                
                (3,250
                )
                
                (2,570
                )
                
                (31,801
                )
                
                (13,691
                )Interest
                    income
                
                
                2
                
                
                11,393
                
                
                12
                
                
                17,858Realized
                    gain (loss) on sale of assets
                
                
                —
                
                
                108,287
                
                
                —
                
                
                108,287Realized
                    gain (loss) on sale of marketable securities
                
                
                23,576
                
                
                (13,171
                )
                
                23,951
                
                
                88,153Unrealized
                    gain (loss) on marketable securities
                
                
                (111,380
                )
                
                (655,860
                )
                
                (247,171
                )
                
                (26,067
                )Total
                    other income (expense)
                
                
                (91,052
                )
                
                (551,920
                )
                
                (255,009
                )
                
                174,540(Loss)
                    income before income taxes
                
                
                (228,221
                )
                
                (424,400
                )
                
                (425,540
                )
                
                108,010Deferred
                    income tax (benefit)
                
                
                —
                
                
                (99,273
                )
                
                —
                
                
                81,746NET
                    (LOSS) INCOME
                
                $
                (228,221
                )
                $
                (325,127
                )
                $
                (425,540
                )
                $
                26,264Weighted
                    average shares outstanding
                
                
                22,897,821
                
                
                21,065,730
                
                
                22,769,426
                
                
                21,158,098Basic
                    and diluted gain (loss) per share
                
                $
                (0.01
                )
                $
                (0.02
                )
                $
                (0.02
                )
                $
                0.00






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PUBLIC
      COMPANY MANAGEMENT CORPORATION


CONSOLIDATED
      STATEMENTS OF CASH FLOW


Six
      Months Ended March 31, 2006 and 2005


(Unaudited)




2006
            
            2005Cash
                Flows Used in Operating ActivitiesNet
                (loss) income
            
            $
            (425,540
            )
            $
            26,264Adjustments
                to reconcile net (loss) income to net cash used in operating activities:Depreciation
                and amortization
            
            
            24,640
            
            
            25,173Bad
                debt expense
            
            
            70,500
            
            
            —Gain
                on sale of marketable securities
            
            
            (23,951
            )
            
            (88,153
            )Gain
                on sale of investments
            
            
            
            
            
            (108,287
            )Unrealized
                loss on marketable securities
            
            
            247,171
            
            
            26,067Stock
                and assets issued for services
            
            
            270,601
            
            
            258,968Marketable
                securities issued for services
            
            
            —
            
            
            9,972Deferred
                income tax
            
            
            —
            
            
            81,746Changes
                in:
            
            
            
            
            
            0Marketable
                and non marketable securities
            
            
            (1,171,857
            )
            
            56,821Accounts
                and stock receivable
            
            
            20,374
            
            
            (511,704
            )Notes
                receivable
            
            
            27,868
            
            
            —Other
                current assets
            
            
            —
            
            
            (118,647
            )Accounts
                payable and accrued expenses
            
            
            100,187
            
            
            90,240Deferred
                revenue
            
            
            725,200
            
            
            (181,815
            )Net
                Cash Used in Operating Activities
            
            
            (134,807
            )
            
            (433,355
            )Cash
                Flows Provided by Investing ActivitiesProceeds
                from sale of marketable securities
            
            
            114,895
            
            
            207,622Proceeds
                from sale of investment
            
            
            —
            
            
            285,287Purchase
                of furniture and equipment
            
            
            —
            
            
            (4,700
            )Purchase
                of marketable securities
            
            
            —
            
            
            (11,530
            )Net
                Cash Provided by Investing Activities
            
            
            114,895
            
            
            476,679Cash
                Flows (Used) by Financing ActivitiesNet
                proceeds from (payments on) bank line of credit
            
            
            (4,471
            )
            
            (7,774
            )Payments
                on installment notes payable
            
            
            (9,932
            )
            
            (158,832
            )Shareholder
                advances
            
            
            4,210
            
            
            —Sale
                of common stock
            
            
            —
            
            
            6,763Net
                Cash (Used) Provided by Financing Activities
            
            
            (10,193
            )
            
            (159,843
            )Net
                increase (decrease) in cash
            
            
            (30,105
            )
            
            (116,519
            )Cash
                at beginning of period
            
            
            40,061
            
            
            153,509Cash
                at end of period
            
            $
            9,956
            
            $
            36,990Cash
                paid during the year for:Interest
            
            $
            28,551
            
            $
            8,394Income
                taxes
            
            $
            —
            
            $
            —






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PUBLIC
      COMPANY MANAGEMENT CORPORATION


NOTES
      TO CONSOLIDATED FINANCIAL STATEMENTS








NOTE
      1 -
      BASIS OF PRESENTATION





The
      accompanying unaudited interim financial statements of Public Company Management
      Corporation (PCMC) have been prepared in accordance with accounting principles
      generally accepted in the United States of America and the rules of the
      Securities and Exchange Commission, and should be read in conjunction with
      the
      audited financial statements and notes thereto filed with the SEC on Form 10-KSB
      filed with the SEC on December 29, 2005. In the opinion of management, all
      adjustments, consisting of normal recurring adjustments, necessary for a fair
      presentation of financial position and the results of operations for the interim
      periods presented have been reflected herein. The results of operations for
      interim periods are not necessarily indicative of the results to be expected
      for
      the full year. Notes to the financial statements which would substantially
      duplicate the disclosure contained in the audited financial statements for
      fiscal year 2005, as reported in the Form 10-KSB have been omitted.





NOTE
      2 -
      COMMON STOCK





During
      the six months ended March 31, 2006, 538,000 shares were issued for services
      rendered and valued at their fair market value ranging from $.33 to $.90 per
      share, totaling $270,601. An additional 80,000 shares were issued to satisfy
      previous obligations of the prior company that PCMC merged into in October
      2004. These shares were accounted for as an adjustment to the original
      recapitalization accounting with no assigned
      valuation.





NOTE
      3 -
      EMPLOYMENT AND CONSULTING AGREEMENTS





PCMC
      hired two executive-level employees with written contracts in the
      current period. The agreements provide for a minimum annual salary (adjustable
      upwards in some cases based on the executive’s performance) to be paid in cash
      and registered shares of PCMC’s common stock. At March 31, 2006, the minimum
      total future commitment due was $103,500 and 158,824 shares valued at $54,000
      (or $.34 per share). The executives are also entitled to receive restricted
      and
      registered shares of PCMC’s common stock based on certain milestones as provided
      in the agreements.





NOTE
      4 -
      SUBSEQUENT EVENTS





213,741
      shares with an aggregate fair market value of $61,835 were issued after March
      31, 2006 for services performed.




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**Item
              2.**
            **Management's
                Discussion and Analysis or Plan of
                Operations.**





This
      Quarterly Report on Form 10-QSB includes "forward-looking" statements within
      the
      meaning of Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as
      amended (the “Exchange Act”), which can be identified by the use of
      forward-looking terminology such as, "may," "believe," "expect," "intend,"
      "anticipate," "estimate" or "continue" or the negative thereof or other
      variations thereon or comparable terminology.  Although we believe that our
      expectations reflected in such forward-looking statements are reasonable, we
      cannot give any assurance that such expectations will prove to be correct.
       Important factors with respect to any such forward-looking statements
      include, but are not limited to, our limited history of operations, availability
      of additional capital necessary to execute our plan of operations, the
      volatility of the over-the-counter Bulletin Board (the “OTCBB”) market and the
      effect of such volatility on the value of the marketable securities we receive
      for our services, changes in the state and federal regulation of securities,
      as
      well as the availability of necessary personnel and general economic conditions
      within the United States and other risks including those set forth in our most
      recently filed annual report on Form 10-KSB under the heading “Risk
      Factors.”





**Overview**





Public
      Company Management Corporation (“PCMC”), a Nevada corporation, was formed on
      October 26, 2000. On October 1, 2004, we entered into an exchange agreement
      with
      the controlling shareholders of GoPublicToday.com (“GPT”), Pubco WhitePapers,
      Inc. (“PWP”), Nevada Fund (“NF”) and Public Company Management Services, Inc.
      (“PCMS”). Pursuant to the agreement, we acquired approximately 92.1% of the
      outstanding shares of GPT, all of the outstanding shares of PWP, approximately
      98.0% of the outstanding shares of NF, and all of the outstanding shares of
      PCMS
      in exchange for an aggregate of 15,326,650 newly issued restricted shares of
      our
      common stock. Subsequent to the agreement, we obtained 100% of GPT and PWP,
      changed our fiscal year end from June 30 to September 30, and changed our name
      to Public Company Management Corporation.





PCMC
      is
      the holding company for, and conducts operations through its subsidiary
      companies. For purposes of this report, unless otherwise indicated or the
      context otherwise requires, all references herein to the “Company,” “we,” “us,”
and “our” refer to Public Company Management Corporation, a Nevada corporation,
      and its subsidiaries.





*Description
      of Business*





We
      are
      primarily engaged in education and consulting services to assist small,
      privately held, businesses create long-term value for their shareholders and
      partners by obtaining and maintaining access to the public capital markets.
      We
      provide the following products and services:





○
            Educational
                materials that help private companies determine whether they should
                become
                public and the appropriate methods available to them;


○
            Consulting
                services and advice to companies seeking to i) register and self
                distribute their own securities in a public offering without an
                underwriter, ii) conduct a State registered offering or a private
                placement and iii) migrate from the Pink Sheets to the OTCBB; and


○
            Consulting
                services andadvice
                to companies relating to compliance with federal and state securities
                regulations and corporate governance.






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In
      addition, we created the PCMC Bulletin Board 30 Index TM, a comprehensive
      tracking index of OTCBB stocks, to increase awareness of the OTCBB as a public
      equity market and micro-cap issuers.




Our
      clients consist primarily of growing small-to-middle market private companies
      that:





○
            Have
                a business plan showing a potential for profitable operation and
                above
                normal growth within three to five
                years;


○
            Operate
                in either established markets, high growth potential niche markets
                and/or
                market segments that are differentiated, driven by pricing power
                or mass
                scale standardized product/service
                delivery;


○
            Support
                favorable financial expectations regarding return on investment;
                and


○
            Have
                an experienced management team that owns a significant portion of
                current
                equity.





We
      provide our services through three subsidiary companies:





*PubCo
      WhitePapers, Inc. (“PWP”)* prepares
      and publishes white papers addressing critical financial, industry and
      regulatory issues and questions of interest to private companies considering
      the
      pros and cons of seeking public equity. The white papers published by PWP
      address a wide range of topics including the OTCBB and Pink Sheets markets,
      regulatory compliance requirements, strategic planning, liquidity, and financing
      matters. PWP created the website, PubcoWhitePapers.com, to provide an easily
      assessable destination for the owners of private companies to obtain the
      information they need to decide whether to go public, maintain compliance with
      corporate and securities regulations, and access the funding that they need
      to
      reach their goals.





*GoPublicToday.com
      (“GPT”)* provides
      significant consulting services, advice and management assistance to clients
      in
      connection with their registration and self-distribution of their securities
      without an underwriter and the clearance of their securities for quotation
      on
      the OTCBB or other securities markets. Services provided by GPT
      include:





o
            advice
                regarding debt and equity structure of the client;


o
            business
                plan preparation;


o
            consulting
                services and advice relating to the private placement of
                securities;


o
            Standard
                Industrial Classification, or SIC, code peer group
                development;


o
            liaison
                with independent public accountants to conduct
                audits;


o
            liaison
                with counsel regarding corporate and securities
                matters;


o
            consulting
                services and advice relating to filing registration statements with
                the
                SEC and state blue sky filings for
                self-distributions;


o
            identification
                of brokerage firms to serve as market makers;
                and


o
            consulting
                services and advice regarding the requirements for quotation on the
                OTCBB.






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*Public
      Company Management Services, Inc. (“PCMS”)* provides
      consulting services and advice relating to compliance with federal and state
      securities regulations and corporate governance to companies trading on the
      OTCBB and the Pink Sheets markets, private companies and other market
      participants. PCMS’ services are designed with small companies in mind and
      geared towards assisting its clients in complying with the regulations
      pertaining to public companies.





GPT
      and
      PCMS receive their revenue in the form of cash and restricted securities issued
      by their clients.





We
      market
      our services primarily through direct mail and email to potential clients,
      internet advertisement, through the PWP website, and various educational
      communications designed to promote the availability of public equity markets
      to
      companies with very small capitalization. We created the PCMC Bulletin Board
      30
      IndexTM in July 2005 to promote greater awareness and familiarity with the OTCBB,
      the primary market for small issuers, and to increase our exposure as a provider
      of services to the micro-cap market. We anticipate that the PCMC Bulletin Board
      30 IndexTM will serve to educate greater numbers of investors about the validity
      of OTCBB stocks and to broadcast the value of the OTCBB as a springboard for
      small companies to launch into the mainstream exchanges. The PCMC Bulleting
      Board 30 IndexTM consists of 30 stocks that are selected based on: (1) three
      month average trade volume; (2) market capitalization; (3) historical stock
      price; (4) shares outstanding; (5) estimated float; (6) sales; (7) operating
      history; and (8) industry/sector diversity. The PCMC Bulletin Board 30 IndexTM is
      a measurement of performance of stocks traded exclusively on the OTCBB. The
      index is comprised of 30 stocks and is not a full representation of the OTCBB
      marketplace, but rather a stratified grouping of stocks that meet certain well
      recognized standards. The current companies listed in the PCMC Bulleting Board
      30 IndexTM are not clients of ours.





**Competitive
      Conditions**





We
      compete with a large number of consulting firms, investment banks, merchant
      banks, financial advisors, and other companies that offer similar services.
      Many
      of our competitors have greater financial and management resources and greater
      market recognition than we do. We compete by targeting an underserved market
      and
      providing service to our clients through the experience and knowledge of our
      management personnel, the quality of our analysis and decision-making processes,
      and our flexible fee structures. We believe that we occupy a unique niche
      relating to privately held companies seeking access to the public equity markets
      that is substantially underserved.




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**Second
      Quarter Events**





During
      the three months ended March 31, 2006, we signed contracts with two clients to
      provide them with consulting and advisory services in connection with various
      corporate and securities matters.





Effective
      January 2006, we entered into an employment agreement with Kipley J. Lytel,
      CFA.
      Pursuant to the agreement, Mr. Lytel serves as our Chief Operating Officer,
      Secretary and as a director. Mr. Lytel will focus on generating new clients
      and
      streamlining the process of consulting as project manager with many current
      clients. Mr. Lytel will also perform other functions including investor
      relations, marketing and strategic development.





Effective
      January 2, 2006, we entered into a consulting agreement with Trae O'Neil High.
      Pursuant to the agreement, Mr. High serves as our Chief Legal Officer. Mr.
      High
      will focus on managing our corporate legal function including advising us in
      the
      areas of federal and state securities laws, tax laws, corporate governance
      and
      the Sarbanes-Oxley Act of 2002. Mr. High will also manage our workflow as our
      clients go through the process of becoming publicly traded small businesses,
      including the provision of pre-filing review and comment on the client’s filings
      with the SEC.





The
      employment and consulting agreements provide for a minimum annual salary to
      be
      paid in cash and registered shares of our common stock. Mr. Lytel’s minimum
      annual salary may be adjusted upwards based on Mr. Lytel’s performance. At March
      31, 2006, the aggregate minimum total future commitment due under the employment
      and consulting agreements was $103,500 and approximately 158,824 shares valued
      at $54,000. Mr. Lytel and Mr. High are also entitled to receive restricted
      and
      registered shares of our common stock based on certain milestones as provided
      in
      their agreements.





During
      our second quarter, we began efforts directed at highlighting our business
      model, operational milestones and company objectives and outlook to investors,
      prospective clients, potential business allies and funding groups. We have
      participated, and plan to continue to participate, in investor/funding
      conferences during the remainder of 2006.





**Results
      of Operations for the Six Months Ended March 31, 2006 Compared to the Six Months
      Ended March 31, 2005.**





Revenue
      declined $327,943, or 29%, to $792,160 for the six months ended March 31, 2006,
      as compared to revenue of $1,120,103 for the six months ended March 31, 2005.
      This decline was primarily due to a modification that resulted in an additional
      $602,135 in revenue recorded in the six month period ended March 31, 2005.
      We
      did not have such a modification during the six month period ended March 31,
      2006





General
      and administrative expense decreased $293,908, or 25%, to $867,551 for the
      six
      months ended March 31, 2006, as compared to general and administrative expense
      of $1,161,459 for the six months ended March 31, 2005. The decrease in general
      and administrative expense was primarily due to a decrease in officer expenses,
      a decrease in business development, and a decrease in marketing related to
      our
      contracts.




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Bad
      debt
      expense was $70,500 for the six months ended March 31, 2006, as compared to
      bad
      debt expense of $-0- for the six months ended March 31, 2005. The increase
      in
      bad debt expense was due to increases in bad debt allowances for potential
      un-collectable consulting fees due from client companies.





Depreciation
      and amortization decreased $534, or 2%, to $24,640 for the six months ended
      March 31, 2006, as compared to $25,174 for the six months ended March 31, 2005.
      The decrease in depreciation and amortization expense was primarily a result
      of
      capitalized equipment which had become fully depreciated.





Total
      operating expenses decreased $223,942, or 19%, to $962,691 for the six months
      ended March 31, 2006, as compared to $1,186,633 for the six months ended March
      31, 2005. The decrease in total operating expenses was primarily attributable
      to
      the decrease in general and administrative expense.





Interest
      expense increased $18,111, or 132%, to $31,801 for the six months ended March
      31, 2006, as compared to interest expense of $13,691 for the six months ended
      March 31, 2005. The increase in interest expense was due to an increase in
      short-term notes payable.





Interest
      income decreased to $12 for the six months ended March 31, 2006, as compared
      to
      interest income of $17,858 for the six months ended March 31, 2005. The decrease
      in interest income was due to a reduction in notes receivable.





Realized
      gain on sale of assets decreased to $-0- for the six months ended March 31,
      2006, as compared to realized gain on sale of assets of $108,287 for the six
      months ended March 31, 2005. The decrease in realized gain on sale of assets
      was
      due to the sale of an investment in real estate during the six month period
      ended March 31, 2005. We no longer hold investments in real estate and did
      not
      have any such sales during the six month period ended March 31,
      2006.





Realized
      gain on sale of marketable securities decreased $64,202, or 73%, to $23,951
      for
      the six months ended March 31, 2006, as compared to $88,153 for the six months
      ended March 31, 2005. The decrease in realized gain on sale of marketable
      securities was due to changes in the market value of marketable
      securities.





We
      had
      unrealized loss on marketable securities of $247,171 for the six months ended
      March 31, 2006, as compared to unrealized loss on marketable securities of
      $26,067 for the six months ended March 31, 2005. The increase in unrealized
      loss
      on marketable securities was primarily due to changes in the market value of
      marketable securities.





We
      recorded a full valuation allowance against deferred tax assets during the
      six
      months ended March 31, 2006, because management believes it is more likely
      than
      not that deferred tax assets will not be realized. We had deferred income tax
      of
      $81,746 for the six months ended March 31, 2005.




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We
      had
      net loss of $425,540 (and basic and diluted loss per share of $0.02) for the
      six
      months ended March 31, 2006, as compared to net income of $26,264 (and basic
      and
      diluted income per share of $0.00) for the six months ended March 31, 2005.
      The
      change from net income to net loss was primarily attributable to the increase
      in
      unrealized loss on marketable securities, the decrease in realized gain on
      sale
      of marketable securities, the decrease in realized gain on sale of assets and
      the decrease in revenue.





We
      had an
      accumulated deficit of $1,348,811 and total stockholders’ equity of $898,346 as
      of March 31, 2006.





**Liquidity
      and Capital Resources**





We
      had
      total current assets of $528,937 as of March 31, 2006, which consisted of cash
      of $9,956, net accounts receivable of $28,028, notes receivable of $28,625,
      marketable securities of $455,900 and other assets of $6,428.





We
      had
      total current liabilities of $2,699,520 as of March 31, 2006, which consisted
      of
      deferred revenues of $2,205,400, accounts payable and accrued expenses of
      $313,691, notes payable of $88,410, bank lines of credit of $76,005 and current
      portion of installment notes payable of $16,015.





We
      had
      negative working capital of $2,170,583. The ratio of total current assets to
      total current liabilities was approximately 20% as of March 31,
      2006.





During
      the six months ended March 31, 2006, net cash decreased $30,105 consisting
      of
      $134,807 used in operations and $10,193 used by financing activities, which
      were
      offset by $114,895 provided by investing activities.





Net
      cash
      used in operating activities during the six month period ended March 31, 2006,
      consisted of net loss of $425,540, a change in marketable and non marketable
      securities of $(1,171,857) and an adjustment for gain on sale of marketable
      securities of $(23,951), which were offset by changes in deferred revenue of
      $725,200, accounts payable and accrued expenses of $100,187, notes receivable
      of
      $27,868, accounts and stock receivable of $20,374 and adjustments for stock
      and
      assets issued for services of $270,601, unrealized loss on marketable securities
      of $247,171, bad debt expense of $70,500 and depreciation and amortization
      of
      $24,640.





Net
      cash
      provided by investing activities during the six month period ended March 31,
      2006, consisted of proceeds from sale of marketable securities of
      $114,895.





Net
      cash
      used by financing activities during the six month period ended March 31, 2006,
      consisted of payments on installment notes payable of $9,932 and net payments
      on
      bank line of credit of $4,471, which were offset by shareholder advances of
      $4,210.





We
      believe that we can meet our cash requirements during the next twelve months
      from sales of marketable securities. In the past, from time-to-time, our
      President, Chief Executive Officer, sole director and majority shareholder,
      Stephen Brock has provided personal capital funding to the Company. Mr. Brock
      has expressed his intent to continue to support our operations with additional
      funds in the event other outside funding sources or sales of marketable
      securities do not provide sufficient funds during the next twelve months;
      provided, however, that Mr. Brock is financially able to do so, of which there
      can be no assurance. In April 2006, we and UgoMedia Interactive Corporation
      entered a stipulated payment order pursuant to which UgoMedia is obligated
      to
      pay us an aggregate of $315,000 during the period from April 2006 to October
      2006. As of the filing of this report, UgoMedia has paid us $27,500, in
      conformity with the payment schedule and $8,000, which they paid prior to the
      order, but which the court did not credit against the amount due in the order.
      We do not have any firm commitments or other identified sources of additional
      capital from third parties or from our officers including Mr. Brock or from
      other shareholders.




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We
      continue to aggressively market our services to small and emerging businesses.
      We continued to sign contracts with clients during the three months ending
      March
      31, 2006, to provide consulting and advisory services in connection with various
      corporate and securities matters. Although we receive payment under such
      contracts early in the contract term, earnings under such contracts are
      recognized as certain milestones are completed. As a result, each contract
      may
      have a material impact on future income as the services are provided and the
      payments received are recognized as income.





**Critical
      Accounting Policies**





Our
      discussion and analysis of our financial condition and results of operations
      is
      based upon our financial statements, which have been prepared in accordance
      with
      accounting principals generally accepted in the United States.  The
      preparation of these financial statements requires us to make estimates and
      judgments that affect the reported amounts of assets, liabilities, revenues
      and
      expenses, and related disclosure of any contingent assets and liabilities.
       On an on-going basis, we evaluate our estimates.  We base our
      estimates on various assumptions that we believe to be reasonable under the
      circumstances, the results of which form the basis for making judgments about
      carrying values of assets and liabilities that are not readily apparent from
      other sources.  Actual results may differ from these estimates under
      different assumptions or conditions.





We
      believe the following critical accounting policies affect our more significant
      judgments and estimates used in the preparation of our financial
      statements:





*Revenue
      Recognition.* Revenue
      is recognized when the earning process is complete and the risks and rewards
      of
      ownership have transferred to the customer, which is generally considered to
      have occurred upon performance and acceptance of the services provided. The
      services provided sometimes take several months.  Effective with the
      quarterly period ended March 31, 2005, we adopted a revenue recognition policy
      based on the estimated number of hours involved in providing consulting services
      relating to: (i) initial due diligence (20%), (ii) preparation and filing of
      a
      registration statement with the SEC (20%), (iii) effectiveness of a registration
      statement (25%) and (iv) qualification for quotation on the OTCBB or listing
      on
      a securities market or exchange (35%).  Revenues are not recognized for the
      value of securities received as payment for services when there is no public
      trading market and there have been no recent private sales of the
      security.




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*Valuation
      of marketable securities.* Marketable
      securities are classified as trading securities, which are carried at their
      fair
      value based upon quoted market prices of those securities at each period-end.
      Accordingly, net realized and unrealized gains and losses on trading securities
      are included in net income.





*Valuation
      of non-marketable securities* .
       Non-marketable securities are not traded on a public exchange and
      therefore do not have a readily determinable fair value. Management estimates
      the value of non-marketable securities based on contemporaneous third party
      private sales.





**Item
              3.**
            **Controls
                and Procedures.**





Our
      President and Chief Executive, who also acts as our Principal Financial Officer,
      after evaluated the effectiveness of our “disclosure controls and procedures”
(as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of the
      end
      of the period covered by this report, has concluded that as of that date our
      disclosure controls and procedures were effective.





No
      significant changes have been made in our internal control over financial
      reporting during the fiscal quarter covered by this report that have had a
      material affect or are reasonably likely to have a material affect on our
      internal control over financial reporting.





**PART
      II**


**OTHER
      INFORMATION**





**Item
              1.**
            **Legal
                Proceedings.**





In
      April
      2006, we and UgoMedia Interactive Corporation entered into a stipulated payment
      order, which was filed in the District Court of Clark County, Nevada in a breach
      of contract case which we had brought against UgoMedia in July 2004. Pursuant
      to
      the order, UgoMedia is obligated to pay us an aggregate of $315,000 during
      the
      period from April 2006 to October 2006. UgoMedia has paid us $27,500 in
      conformity with the payment schedule as of the filing of this report. In the
      event that UgoMedia fails to make their scheduled payments or cure such failure
      according to the terms of the order, we have the right to immediately enter
      judgment for the balance then due, less payments previously received, together
      with interest on the then unpaid balance at the rate of 8% per annum until
      fully
      paid. The order also provides that one of the individual defendants is subject
      to a $40,000 judgment inclusive of the $315,000 that was owed to us by Ugomedia;
      however, this judgment is subject to a dollar-for-dollar credit for all sums
      paid to us by UgoMedia. We may also enter judgment against the individual,
      subject to the credit and any amounts paid to us by the individual, if UgoMedia
      fails to make the scheduled payments or cure such failure.





In
      the
      ordinary course of our business, we may from time to time become subject to
      routine litigation which is incidental to our business.




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





The
      following table lists unregistered sales of our securities during the period
      covered by this report.




**Purchaser**
            
            **Shares
                of**
              **Common
                Stock**
            
            **Consideration**
            
            **Value**
            
            **Date**Aventura
                Holdings, Inc.
            
            
            50,000
            
            
            Fee
                for consolidating notes payable
            
            $
            26,000
            
            
            01/12/2006Stephen
                A. Boyko
            
            
            25,000
            
            
            Advisory
                Board Services Rendered
            
            $
            13,000
            
            
            01/20/2006William
                F. Ross
            
            
            25,000
            
            
            Advisory
                Board Services Rendered
            
            $
            13,000
            
            
            01/20/2006William
                Bradford Smith
            
            
            25,000
            
            
            Advisory
                Board Services Rendered
            
            $
            13,000
            
            
            01/20/2006C.
                Dennis Hensling
            
            
            10,000
            
            
            Consulting
                Services Rendered
            
            $
            3,300
            
            
            03/30/2006





We
      claim
      an exemption from registration afforded by Section 4(2) of the Securities Act
      since the foregoing issuances did not involve a public offering, the recipients
      took the securities for investment and not resale and we took appropriate
      measures to restrict transfer.





**Item
              6.**
            **Exhibits**





**Exhibit
                No.**
            
            **Description
                of Exhibit**31*
            
            Certification
                pursuant to Section 302 of the Sarbanes-Oxley Act of
                200232*
            
            Certification
                pursuant to Section 906 of the Sarbanes-Oxley Act of
                2002





*
            Filed
                herein.





**SIGNATURES**





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





**PUBLIC
              COMPANY MANAGEMENT CORPORATION**Date: 
May
              22, 2006
            By:
            /s/ Stephen
              BrockName:  
                Stephen Brock
              Title:    
                President, CEO, Principal Executive Officer,Principal
              Financial Officer and Principal Accounting
                Officer







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