**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      D.C. 20549





**FORM
      10-QSB**





(Mark
      One)





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





For
      the
      quarterly period ended March 31, 2007





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





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
      March 31, 2007, there were 24,807,916 outstanding shares of the registrant's
      common stock, $.001 par value per share.





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










**TABLE
      OF CONTENTS**





Page
                No.**PART
                I - FINANCIAL INFORMATION****Item
                1.  Financial Statements.**
            
            **1****Item
                2.  Management's Discussion and Analysis.**
            
            **6****Item
                3.  Controls and Procedures.**
            
            **14****PART
                II - OTHER INFORMATION****Item
                1. Legal Proceedings.**
            
            **15****Item
                2.  Unregistered Sales of Equity Securities.**
            
            **16****Item
                6. Exhibits.**
            
            **16**









**PART
      I - FINANCIAL INFORMATION**




**Item
      1.  Financial Statements.**





PUBLIC
                COMPANY MANAGEMENT CORPORATIONCONSOLIDATED
                BALANCE SHEETS(Unaudited)




March
                31,
            
            September
                30,2007
            
            2006**ASSETS****CURRENT
                ASSETS**Cash
            
            $
            16,264
            
            $
            11,043Accounts
                receivable, net
            
            
            36,487
            
            
            41,741Marketable
                securities
            
            
            1,348,483
            
            
            933,352Other
                current assets
            
            
            -
            
            
            6,428Total
                current assets
            
            
            1,401,234
            
            
            992,564Receivables
                under contract, net
            
            
            61,475
            
            
            4,500Non-marketable
                securities
            
            
            5,576,108
            
            
            3,965,128Furniture
                and equipment, net
            
            
            48,831
            
            
            52,625Website,
                net
            
            
            2,352
            
            
            11,758**TOTAL
                ASSETS**
            
            $
            7,090,000
            
            $
            5,026,575**LIABILITIES
                AND STOCKHOLDERS’ EQUITY****CURRENT
                LIABILITIES**Accounts
                payable and accrued expenses
            
            $
            312,571
            
            $
            155,860Accounts
                payable and accrued expenses to related parties
            
            
            380,025
            
            
            248,012Current
                portion of installment notes payable
            
            
            28,620
            
            
            30,347Bank
                line of credit
            
            
            37,410
            
            
            37,663Advances
                from related party
            
            
            648,022
            
            
            220,424Deferred
                revenues
            
            
            4,928,155
            
            
            3,408,675Total
                current liabilities
            
            
            6,334,803
            
            
            4,100,981**LONG
                TERM LIABILITIES**Long-term
                portions of installment note payable
            
            
            18,233
            
            
            30,316**TOTAL
                LIABILITIES**
            
            
            6,353,036
            
            
            4,131,297Commitments
                and Contingencies
            
            
            -
            
            
            -**SHAREHOLDERS’
                EQUITY**Common
                stock, $.001 par value; 50,000,000 shares authorized, 24,807,916
                and
                23,654,412 shares issued and outstanding, respectively
            
            
            24,808
            
            
            23,654Paid-in-capital
            
            
            2,600,183
            
            
            2,322,737Accumulated
                deficit
            
            
            (1,888,027
            )
            
            (1,451,113
            )TOTAL
                STOCKHOLDERS’ EQUITY
            
            
            736,964
            
            
            895,278**TOTAL
                LIABILITIES AND STOCKHOLDERS’ EQUITY**
            
            $
            7,090,000
            
            $
            5,026,575




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




1




PUBLIC
                COMPANY MANAGEMENT CORPORATIONCONSOLIDATED
                STATEMENTS OF OPERATIONS(Unaudited)




Three
                Months Ended
            
            Six
                Months EndedMarch
                31,
            
            March
                31,2007
            
            2006
            
            2007
            
            2006Revenue
            
            $
            597,750
            
            $
            274,721
            
            $
            979,331
            
            $
            792,160General
                and administrative
            
            
            689,331
            
            
            399,602
            
            
            1,037,051
            
            
            867,551Bad
                debt expense
            
            
            13,058
            
            
            -
            
            
            13,058
            
            
            70,500Depreciation
                and amortization
            
            
            9,413
            
            
            12,288
            
            
            18,393
            
            
            24,640Total
                operating expenses
            
            
            711,802
            
            
            411,890
            
            
            1,068,502
            
            
            962,691Net
                loss from operations
            
            
            (114,052
            )
            
            (137,169
            )
            
            (89,171
            )
            
            (170,531
            )Other
                income and (expense)Interest
                expense
            
            
            (17,528
            )
            
            (3,250
            )
            
            (30,072
            )
            
            (31,801
            )Interest
                income
            
            
            326
            
            
            2
            
            
            970
            
            
            12Realized
                (loss) gain on sale of securities
            
            
            (8,808
            )
            
            23,576
            
            
            (10,396
            )
            
            23,951Unrealized
                loss on marketable securities
            
            
            (363,687
            )
            
            (111,380
            )
            
            (301,817
            )
            
            (247,171
            )Impairment
                of interest receivable
            
            
            -
            
            
            -
            
            
            (6,428
            )
            
            -Total
                other expenses
            
            
            (389,697
            )
            
            (91,052
            )
            
            (347,743
            )
            
            (255,009
            )NET
                LOSS
            
            $
            (503,749
            )
            $
            (228,221
            )
            $
            (436,914
            )
            $
            (425,540
            )Weighted
                average shares outstanding
            
            
            24,128,432
            
            
            22,897,821
            
            
            23,952,465
            
            
            22,769,426Basic
                and diluted net loss per share
            
            $
            (0.02
            )
            $
            (0.01
            )
            $
            (0.02
            )
            $
            (0.02
            )




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




2




PUBLIC
                COMPANY MANAGEMENT CORPORATIONCONSOLIDATED
                STATEMENTS OF CASH FLOWSSix
                Months Ended March 31, 2007 and 2006(Unaudited)




2007
            
            2006(Restated)Cash
                Flows Used in Operating ActivitiesNet
                loss
            
            $
            (436,914
            )
            $
            (425,540
            )Adjustments
                to reconcile net loss to net
              Cash
                used in operating activities:Depreciation
                and amortization
            
            
            18,393
            
            
            24,640Bad
                debt expense
            
            
            13,058
            
            
            70,500Stock
                issued for services
            
            
            222,675
            
            
            270,601Impairment
                of interest receivable
            
            
            6,428
            
            
            -Changes
                in assets and liabilities:Marketable
                and non-marketable securities
            
            
            (2,026,110
            )
            
            (833,742
            )Accounts
                and stock receivable
            
            
            (64,779
            )
            
            20,374Notes
                receivable
            
            
            -
            
            
            27,868Accounts
                payable and accrued expenses
            
            
            185,536
            
            
            100,187Accounts
                payable and accrued expenses to related parties
            
            
            159,113
            
            
            -Deferred
                revenue
            
            
            1,519,480
            
            
            725,200Net
                Cash Used in Operating Activities
            
            
            (403,120
            )
            
            (19,912
            )Cash
                Flows Used in Investing ActivitiesPurchase
                of fixed assets
            
            
            (5,194
            )
            
            -Cash
                Flows Provided by (Used in) Financing ActivitiesNet
                payments on bank line of credit
            
            
            (253
            )
            
            (4,471
            )Payments
                on installment notes payable
            
            
            (13,810
            )
            
            (9,932
            )Sale
                of common stock
            
            
            -
            
            
            4,210Loan
                proceeds from related party
            
            
            427,598
            
            
            -Net
                Cash Provided by (Used in) Financing Activities
            
            
            413,535
            
            
            (10,193
            )Net
                increase (decrease) in cash
            
            
            5,221
            
            
            (30,105
            )Cash
                at beginning of period
            
            
            11,043
            
            
            40,061Cash
                at end of period
            
            $
            16,264
            
            $
            9,956Cash
                paid during the period for:Interest
            
            $
            30,072
            
            $
            28,551Income
                taxes
            
            
            -
            
            
            -Supplemental
                non-cash disclosures:Common
                stock issued for accrued share-based compensation
            
            $
            28,825
            
            $
            -Common
                stock issued for accrued share-based compensation- related
                party
            
            
            27,100
            
            
            -





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




3





**PUBLIC
      COMPANY MANAGEMENT CORPORATION**


**NOTES
      TO UNAUDITED 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 (“SEC”), 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 28, 2006. In the opinion of
      management, all 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 disclosures
      contained in the audited financial statements for fiscal year 2006 as reported
      in the Form 10-KSB have been omitted.





*Restatements* .
      PCMC
      restated the Consolidated Statement of Cash Flows for the six months ended
      March
      31, 2006 to classify Proceeds from Sale of Marketable Securities from Net Cash
      Provided by Investing Activities to Net Cash Used in Operating Activities.
      The
      effect of the restatement on Net Cash Used In Operating Activities and Net
      Cash
      Provided by Investing Activities is as follows:





Six
                Months Ended March 31, 2006(unaudited)As
                originally reported:Net
                Cash Used in Operating Activities
            
            $
            (134,807
            )Net
                Cash Provided by Investing Activities
            
            
            114,895Restated:Net
                Cash Used in Operating Activities
            
            $
            (19,912
            )Net
                Cash Provided by Investing Activities
            
            
            -




NOTE
      2 -
      COMMON STOCK





During
      the six months ended March 31, 2007, PCMC issued 194,054 shares, valued at
      $55,925, for prior year accrued share-based compensation and 959,450 shares,
      valued at $222,675, for the current six month period services rendered. These
      shares were valued at their fair market value ranging from $0.13 to $0.42 per
      share.





During
      the six months ended March 31, 2007, PCMC accrued a total of 238,776 shares
      valued at $53,100 for services to be paid in stock in the future. This amount
      is
      included in accounts payable and accrued expenses to related parties in the
      accompanying consolidated balance sheets.





NOTE
      3 -
      RELATED PARTY





During
      the six months ended March 31, 2007, the President and CEO made net advances
      to
      PCMC of $427,598 for funding of operating activities.




NOTE
      4 -
      EMPLOYMENT AGREEMENT




PCMC
      hired an executive-level employee under a one year agreement, beginning November
      1, 2006, with a minimum salary of $2,000 and 10,000 registered common shares
      per
      month which accrue monthly and are paid on a quarterly basis. At March 31,
      2007,
      the minimum total future commitment due was $14,000 cash and 70,000 shares.
      The
      executive also received 25,000 shares as a signing bonus and is entitled to
      receive restricted and registered shares of PCMC’s common stock based on certain
      milestones as provided in the agreement.




4




NOTE
      5 -
      SUBSEQUENT EVENTS




PCMC
      revised its written agreements with two of its consultants who serve as
      executive officers subsequent to the current period. The agreements provide
      for
      a minimum annual salary (adjustable upwards in some cases based on PCMC’s
      performance) to be paid in cash and registered shares of PCMC’s common stock. At
      March 31, 2007, the minimum total future commitment due under both agreements
      was cash compensation of $103,500, stock compensation of 270,000 registered
      shares, and signing bonuses of 50,000 registered shares. 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.





5





**Item
      2.  Management's Discussion and Analysis.**





The
      following discussion may contain “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 the expectations reflected
      in
      such forward-looking statements are reasonable, we can give no assurance that
      such expectations will prove to have been correct. Our operations involve a
      number of risks and uncertainties, including those described under the heading
      “Risk Factors” in our Annual Report on Form 10-KSB and other documents filed
      with the Securities and Exchange Commission. Therefore, these types of
      statements may prove to be incorrect.





**Overview**





We
      are a
      management consulting services firm that educates and assists companies to
      improve their business, management and regulatory compliance processes. We
      provide educational materials that help private companies successfully operate
      their businesses and determine whether they should become public and the
      appropriate methods available to them, management consulting services and advice
      as these private companies go through the process of becoming fully reporting,
      publicly traded companies, and regulatory compliance services aimed at
      maintaining their public status. In addition, we created the PCMC Bulletin
      Board
      30 Index®, a comprehensive tracking index of OTC bulletin board (“OTCBB”) stocks
      to increase awareness of the OTCBB as a public equity market and our exposure
      to
      small business 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;
                and


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





**How
      We Generate Revenue**





We
      derived revenue from the following activities:





*Educational
      White Papers, Open Lines and Consultations* .
      We have
      a database of over 140 educational white papers that serve growth-stage business
      owners and financial executives. We sell these white papers at retail prices
      ranging from $9.95 to $194.95 per paper. We also conduct open lines
      communications and consultations with potential clients regarding their
      business, their regulatory compliance and corporate governance processes, and
      the requirements relating to becoming and remaining a public company. We expect
      that a certain number of these sales, open lines and consultations will
      translate into clients, and that we will enter into contracts with them to
      provide our management consulting and regulatory compliance
      services.





*Management
      Consulting Services* .
      We
      currently generate most of our revenue from management consulting services
      that
      we provide to our clients in their process to become fully reporting, publicly
      traded companies. Our rate for these services is $350 per hour; however, we
      offer these services pursuant to consulting contracts for a flat-fee consisting
      of cash and restricted shares of the client’s common stock. We value the
      restricted shares at the price per share of contemporaneous sales of common
      stock by our clients to unrelated third parties. When there is no public trading
      market and there have been no recent private sales of the common stock, we
      record the value as deferred revenues. Effective with the second quarter ended
      March 31, 2005, we adopted a revenue recognition policy in which we recognize
      a
      portion of the revenue related to our consulting contracts at the completion
      of
      each of the following four milestones:





(i)
            initial
                due diligence of client’s business and operations and private round of
                initial financing (20%);






6




(ii)
            clients’
                preparation of a second round of financing in the form of a private
                placement memorandum or registration statement for filing with the
                SEC
                (20%);


(iii)
            effectiveness
                of clients’ registration statement (25%);
                and


(iv)
            clients’
                qualification for quotation on the OTCBB or listing on a securities
                market
                or exchange (35%).





We
      have
      determined that each milestone generally requires us to provide a certain amount
      of hours of management consulting services for our clients to achieve the
      milestone. When there are delays in our clients achieving milestones, it
      typically has required us to provide additional services to the clients outside
      of the direct scope of our consulting contracts. Our contracts allow us to
      bill
      our clients by the hour for any and all services that we provide outside of
      the
      direct scope of the contract. We are implementing a web-based system for project
      management and time tracking (discussed below in the section entitled “Known
      Trends, Events and Uncertainties” under the heading “Technology”) in an effort
      to place more importance on the amount of services hours that we spend on our
      clients and to bill our clients for additional service hours. During the period
      covered by this report, we billed one of our clients that has experienced
      significant delays for such additional services hours and agreed to accept
      additional shares of the client’s common stock in lieu of cash compensation for
      such services (discussed below in the section entitled “Known Trends, Events and
      Uncertainties” under the heading “Revenue Recognition”).




*Compliance
      Services.* We plan
      to generate more revenue from compliance services under twelve-month contracts
      with our clients that are required to file periodic and other reports with
      the
      SEC. These services will also include corporate governance matters under the
      Sarbanes-Oxley Act of 2002. Our rate for these services is $350 per hour;
      however, historically we have contracted for these services for a flat-fee
      consisting of cash and restricted shares of the client’s common stock. Under our
      new engagements, we provide these services solely for cash.





**Known
      Trends, Events and Uncertainties**





Revenue
      Recognition





During
      the period covered by this report, we completed management consulting services
      for the first milestone for two of our clients. As a result, we generated
      aggregate revenue of $506,700 for the first of four milestones during the
      period. We also received 500,000 shares of common stock of one of these clients
      during the period covered by this report. We valued the stock at $4.00 per
      share
      (or an aggregate of $2,000,000) based upon contemporaneous third party sales
      and
      included the amount, net the revenue generated from this client, in
      non-marketable securities with an offset to deferred revenues.





During
      the period covered by this report, we implemented new client billing policies
      for additional services that we provide outside of the direct scope of our
      contracts. We provided approximately two hundred fourteen hours of such
      additional services due to significant delays that the client has experienced
      in
      making it through the process of becoming a fully reporting, publicly traded
      company. Under our contract with this client, we are allowed to bill $350 per
      hour for such additional services. During the period covered by this report,
      we
      received an additional 500,000 shares of the clients common stock, which we
      valued at $0.15 per share (or an aggregate of $75,000) based upon
      contemporaneous third-party sales by the client of its common stock. As a
      result, we generated revenue of $75,000 for these additional services. We plan
      to use the web-based system for project management and time tracking (discussed
      below under the heading “Technology”) to bill other clients in a similar manner
      and generate revenue in the form of additional shares of common stock of the
      clients or cash.





We
      deemed
      one of our client contracts as inactive during the period covered by this
      report. We own 500,000 shares of the client’s common stock, which we had valued
      at $0.075 per share (or an aggregate of $37,500) and have received $5,000 in
      cash from the client. In deeming the client inactive, we impaired the common
      stock to $0.00 and recognized revenue of $5,000 related to the cash received
      for
      services rendered.




7





We
      have
      experienced delays in recognizing revenue from our contracts for management
      consulting services. Whether or not we meet the milestones for recognizing
      such
      revenue is dependent on the time it takes for our clients to make it through
      the
      process of becoming fully reporting, publicly traded companies. Our clients
      face
      obstacles in undertaking this process. The primary obstacles which they face
      relate to their ability to provide suitable non-financial statement information
      and financial statement information. In addition, some of our clients have
      experienced delays in reorganizing or restructuring their organizations to
      suit
      that of a public company and others have run out of financial resources due
      to
      unexpected events including the delays themselves. For example, we signed a
      client in March 2005 and earned revenue for the client reaching the first
      milestone during that same month. The client experienced delays which continue
      to persist and a run up of costs in reorganizing and providing suitable
      financial statement information for purposes of a registration statement or
      a
      private placement of their common stock, which the client never commenced.
      As a
      result, the client’s financial statements became unusable for their intended
      purpose. Although we last earned revenue from this client in March 2005, we
      have
      continued to provide management consulting services to the client. The client
      has improved its business processes, engaged an audit coordinator (discussed
      below) and is continuing with the process.





Oftentimes
      the small, privately held companies that we service do not have personnel with
      the skills necessary to prepare audited financial statements suitable for filing
      with the SEC. Even when these companies have audited financial statements,
      generally, the financial statements do not comply with SEC regulations and/or
      the audit was not performed by an accounting firm that is registered with the
      Public Company Accounting Oversight Board (the “PCAOB”). The SEC has specific
      regulations that govern the form and content of and requirements for financial
      statements required to be filed with the SEC. The Sarbanes-Oxley Act of 2002
      prohibits accounting firms that are not registered with the PCAOB from preparing
      or issuing audit reports on U.S. public companies and from participating in
      such
      audits. It is imperative for our clients to become fully reporting, publicly
      traded companies that their financial statements comply with SEC regulations
      which require, among other things, that they be audited by an accounting firm
      registered with the PCAOB. In addition to audited financial statements, in
      certain circumstances, SEC regulations also require our clients to file
      unaudited interim financial statements that have been reviewed by the clients’
PCAOB registered independent auditor. As discussed above, our clients have
      faced
      obstacles in preparing their financial statements.





During
      fiscal 2006, we introduced audit coordinators into our business model to assist
      our clients in preparing their financial statements in compliance with SEC
      regulations. In many cases, we mandate that our clients engage an audit
      coordinator. Initially, an audit coordinator will interview a client’s
      personnel, and review a client’s accounting systems and methodology and
      financial records to determine their proficiency and level of adherence to
      accounting standards. If a client does not have suitable personnel, the audit
      coordinator will recommend early in the process that the client hire someone
      internally who can fulfill the client’s accounting function. Audit coordinators
      also serve as a liaison between the client and their independent auditor during
      the audit or financial statement review process. Audit coordinators teach our
      clients how to accumulate and communicate financial information within their
      organizations and record, process, summarize and report their financial
      information within the time periods specified by the SEC. We expect that audit
      coordinators will shorten the time it takes for our clients to prepare their
      financial statements and reach milestones, which should have a positive effect
      on our revenue and results of operations.





National
      Marketing





During
      the period covered by this report, we increased our national advertising
      activities directed at client acquisition. We acquired one new client during
      this period. We expect to acquire new clients in the future as a result of
      these
      activities and our Nevada economic development initiatives discussed
      below.




We
      have
      improved our marketing efforts and prescreening process to engage better quality
      clients that we believe are more capable of meeting the obstacles and moving
      through the process of becoming fully reporting, publicly traded companies
      more
      quickly than we have seen in the past. Though we anticipate that the newer
      client engagements will be potentially more valuable and may have higher
      contract completion success rates, the frequency of newly signed contracts
      may
      decrease as a result of stricter client screening criteria.




8





Nevada
      Economic Development





According
      to the Nevada Secretary of State, there are approximately 300,000 corporations
      domiciled in Nevada. During 2006, at least 41,083 corporations were formed
      in
      Nevada. During 2005 and 2004, 39,052 and 35,186 corporations, respectively,
      were
      formed in Nevada. We believe that at this time, there are advantages to
      concentrating our marketing efforts in the State of Nevada because we perceive
      Nevada as offering the following benefits:





·
            Favorable
                securities, corporate and tax laws and regulations for small
                businesses;


·
            Large
                number of small businesses that could benefit from our services;


·
            Fastest
                growing State in the U.S.; and


·
            Largest
                number of new small businesses in the
                U.S.





We
      are
      increasing our public awareness and client base in the State of Nevada through
      print advertisements geared towards business professionals by reinforcing our
      position as an educational resource as well as a service provider.  We
      believe that increased public awareness of our educational materials, services
      and Nevada roots could bring new resources and create jobs in Nevada as well
      as
      assist in turning Nevada into a platform to develop capital markets for small
      business issuers.





Our
      President, CEO and majority shareholder and our CFO are both Nevada residents.
      They have networks of business contacts that can assist us in creating our
      public awareness in Nevada and assist us in the development of Nevada companies.
      We established a Nevada Economic Development Advisory Board (“NEDAB”) whose
      website is located at www.Nevada-EDAB.com.





NEDAB
      is
      a council of prominent businesspersons and legislators who share a vision of
      diversified economic growth through participation in capital markets and are
      working with other businesses and the government to make that vision a reality.
      NEDAB believes that Nevada has the potential to become the premier destination
      in the U.S. for small business issuers looking to enter the capital markets;
      that Nevada corporations across a variety of industries can benefit from
      participating in the capital markets as a way to build long-term shareholder
      value, provide access to capital, increase visibility and improve business
      practices to meet the standards of being a public company; and that an increased
      number of Nevada corporations successfully entering and sustaining participation
      in the capital markets will create diversified economic growth, increase the
      number of companies that physically relocate to Nevada, create new jobs and
      increase revenue for the state. NEDAB will consist of approximately ten members
      (in addition to advisors) who are prominent businesspersons and politicians
      to
      aid in our goals of increasing our public awareness and developing a strong
      client base in Nevada which we believe will contribute to the overall economic
      growth of the State and further benefit our business. It will also consist
      of
      locally-based industry screening committees that will help identify and screen
      companies that are good candidates for participation in the public
      markets.





Activities
      of NEDAB include:





·
            **Locally-based
                Industry Screening Committees**to
                help identify and screen companies that are good candidates for
                participation in the public
                markets.


·
            **Outreach**to
                other economic development groups, legislators, regulators, business
                owners, and business and industry leaders.


·
            **Educational
                Programs**for companies seeking to learn about capital markets and the advantages
                of
                domiciling in Nevada as a private or public company.


·
            **Policy
                Research and Recommendations**to
                make Nevada even more attractive as a home for companies wanting
                to
                participate in capital markets.




9




Current
      members of NEDAB include:





·
            Mark
                Daigle, NEDAB Co-Chairman and President and CEO of Colonial Bank
                N.A.
                Nevada.


·
            Paul
                Henry, Esq., President and CEO of Henry & Associates,
                LLC.


·
            Robert
                Uithoven, President of J3 Strategies and Manager for Jim Gibbons’
                successful 2006 gubernatorial campaign in
                Nevada.





Advisors
      to NEDAB include:





·
            Bob
                Beers, PCMC Nevada Client Audit Coordinator, and Nevada State Senator
                District 6.


·
            Tim
                Carlson, NEDAB Economic Development Advisor, CEO of Powered by Renewables
                and Former Executive Director of Nevada Development Authority & Nevada
                Commission on Economic Development.


·
            R.
                Keith Schwer, Ph.D., NEDAB Research and Development Advisor, Director
                of
                the Center for Business and Economic Research at The University of
                Nevada,
                Las Vegas (UNLV), and Professor of Economics at
                UNLV.


·
            D.
                Neal Tomlinson, Esq., NEDAB General Counsel, and attorney at Bullivant
                Houser Bailey PC.





Current
      industry screening committee members include:





·
            Dr.
                Emil Frei III, NEDAB Life Sciences Screening Committee Chair, cancer
                research pioneer, and former Director and Physician-in-Chief of
                Dana-Farber Cancer Institute.


·
            James
                R. Eells, M.D., NEDAB Life Sciences Screening Committee Associate
                Chair,
                Las Vegas internist, and former Chief of Medicine of The United States
                Air
                Force.





Technology





We
      are
      leading by example and pioneering the use of technology to manage our
      decentralized, virtual operational infrastructure under a program that we call
      Always-On ManagementTM. The program addresses the challenges of using technology
      to manage a geographically disbursed team.  While many of these
      technologies have been available for several years, the management practices
      around their use are typically not mature in small businesses like us outside
      of
      the technology industry. We believe that our use of these technologies allows
      us
      to better serve our clients and improve operational efficiency and
      profitability. We hope that our efforts will create publicity for us and provide
      us with additional management consulting services opportunities.





We
      are
      implementing a web-based system for project planning and time tracking.  We
      will be placing more importance on keeping track of time allocation on client
      engagements in order to fully identify potential revenue for additional services
      provided to clients beyond the scope of our basic engagement.  We expect
      that this new system will support our ongoing process of improving operational
      efficiency and profitability.  The system's web-based interface will allow
      us and the professional service providers who serve our clients to track their
      time on client engagements. We are integrating the system with our accounting
      system which we expect will accelerate the accounts receivable process for
      additional services which we may bill by the hour.





We
      plan
      to implement software to help develop our business strategy and track key
      performance indicators and perform financial ratio analysis.  We plan for
      our executive management team and Global Advisory Board to use the resulting
      strategy and financial scorecards to identify opportunities for improvement
      in
      our business model and to communicate our progress to shareholders, and the
      investment community.




10





**Results
      of Operations for the Six Months Ended March 31, 2007 Compared to the Six Months
      Ended March 31, 2006.**





Our
      revenue increased $187,171, or 24%, to $979,331 for the six months ended March
      31, 2007, as compared to $792,160 for the six months ended March 31, 2006.
      During the six months ended March 31, 2007 we generated most of our revenue
      from
      the completion of management consulting services for the first milestone for
      two
      of our clients. Historically, our clients have faced obstacles in undertaking
      the process of becoming fully reporting, publicly traded companies which
      includes preparing financial and other information and reorganizing their
      operations. Although, the two clients for which we recognized revenue during
      the
      period covered by this report experienced delays in reorganizing their
      businesses and reaching the first milestone, our engagements with respect to
      these clients are more valuable than several of our prior engagements which
      resulted in the increase in our revenue.





General
      and administrative expense increased $169,500, or 20%, to $1,037,051 for the
      six
      months ended March 31, 2007, as compared to general and administrative expense
      of $867,551 for the six months ended March 31, 2006. The increase in general
      and
      administrative expense was primarily due to a $137,990 increase in business
      development and marketing expenses related to a rise in our national marketing
      efforts and our marketing efforts in the State of Nevada via the introduction
      of
      NEDAB. We also had an increase in officer compensation of $146,775 and a net
      increase in other expenses related to our operations and administrative
      activities of $26,325. These increases were offset by a decrease in legal
      expenses of $141,590.





Bad
      debt
      expense was $13,058 for the six months ended March 31, 2007, as compared to
      bad
      debt expense of $70,500 for the six months ended March 31, 2006.





Depreciation
      and amortization expense decreased $6,247, or 25%, to $18,393 for the six months
      ended March 31, 2007, as compared to depreciation and amortization expense
      of
      $24,640 for the six months ended March 31, 2006. The decrease in depreciation
      and amortization was primarily a result of having certain capitalized website
      costs and fixed assets becoming fully depreciated.




Total
      operating expenses increased $105,811, or 11%, to $1,068,502 for the six months
      ended March 31, 2007, as compared to total operating expenses of $962,691 for
      the six months ended March 31, 2006, which was primarily due to the increase
      in
      general and administrative expense discussed above.





Interest
      expense decreased $1,729, or 5%, to $30,072 for the six months ended March
      31,
      2007, as compared to interest expense of $31,801 for the six months ended March
      31, 2006. During the six months ended March 31, 2007, the amount of liabilities
      on which we incurred interest increased, but the resulting interest expense
      was
      less than the one-time charge for the consolidation and renewal modification
      of
      a note payable during the six months ended March 31, 2006.





Interest
      income increased to $970 for the six months ended March 31, 2007, as compared
      to
      interest income of $12 for the six months ended March 31, 2006. The increase
      in
      interest income was due to an increase in our cash balances.





We
      had
      realized loss on sale of marketable securities of $10,396 for the six months
      ended March 31, 2007, as compared to realized gain on sale of marketable
      securities of $23,951 for the six months ended March 31, 2006. The change from
      realized gain to realized loss on sale of marketable securities was due to
      transactions at a lower market value than book value of securities
      sold.





Unrealized
      loss on marketable securities increased $54,646, or 22%, to $301,817 for the
      six
      months ended March 31, 2007, as compared to unrealized loss on marketable
      securities of $247,171 for six months ended March 31, 2006. The increase in
      unrealized loss on marketable securities was primarily due to changes in the
      values of marketable securities.


11


We
      had an
      impairment of interest receivable of $6,428 for the six months ended March
      31,
      2007, due to a write off. This write-off occurred because no payments of the
      interest receivable had been made in the twelve month period prior to the
      write-off. We did not have any impairment of interest receivable for the six
      months ended March 31, 2006.




Net
      loss
      increased $11,374, or 3%, to $436,914 (and net loss per share of $0.02) for
      the
      six months ended March 31, 2007, as compared to a net loss of $425,540 (and
      net
      loss per share of $0.02) for the six months ended March 31, 2006. The increase
      in net loss was primarily attributable to the increase in unrealized loss on
      marketable securities and the increase in total operating expenses.





We
      had an
      accumulated deficit of $1,888,027 and total stockholders’ equity of $736,964 as
      of March 31, 2007.





**Liquidity
      and Capital Resources**





We
      had
      total current assets of $1,401,234 as of March 31, 2007, which consisted of
      cash
      of $16,264, net accounts receivable of $36,487 and marketable securities of
      $1,348,483.





We
      had
      total current liabilities of $6,334,803 as of March 31, 2007, which consisted
      of
      deferred revenues of $4,928,155, advances from related party of $648,022 that
      we
      received from Stephen Brock our President and CEO, accounts payable and accrued
      expenses to related parties of $380,025, accounts payable and accrued expenses
      of $312,571, bank line of credit of $37,410 and current portion of installment
      notes payable of $28,620. During the six-month period covered by this report,
      we
      accrued compensation of $90,000 to Mr. Brock and compensation of $56,925 to
      other executive officers payable in cash.





We
      had
      negative working capital of $4,933,569 as of March 31, 2007. The ratio of
      current assets to current liabilities was 22% as of March 31, 2007.





The
      underlying driver which impacts our working capital is having clients that
      have
      made it through the process of becoming fully reporting, publicly traded
      companies. Until this time, there is no market for the shares of our clients’
common stock which we receive in lieu of cash payments for our services. Our
      billing rate for these services is $350 per hour; however, we offer these
      services for a flat-fee of 22% cash, some of which we apply to cover our
      overhead and the remainder in restricted shares of the clients’ common stock.
      Until such time as our clients’ common stock becomes publicly traded, we
      classify our shares as non-marketable securities, a long-term asset; however,
      we
      classify deferred revenue associated with our contracts as a current liability.
      As a result, the common stock of any particular client will have a negative
      effect on our working capital until such time as the client becomes a fully
      reporting, publicly traded company. As our clients become fully reporting,
      publicly traded companies, non-marketable securities, which was $5,576,108
      as of
      March 31, 2007, would become marketable securities, which was $1,348,483 as
      of
      March 31, 2007, and deferred revenues, which was $4,928,155 as of March 31,
      2007, would decrease. Both of these results would have a significant positive
      impact on our working capital; however, new client contracts would create
      additional non-marketable securities and deferred revenues which would
      marginally offset such positive effect. Accounts payable and accrued expenses
      increased $185,536 and accounts payable and accrued expenses to related parties
      increased $159,113 during the six months ended March 31, 2007, which had an
      adverse effect on our working capital. Accounts payable and accrued expenses
      to
      related parties consisted of compensation payable to Stephen Brock, our
      President and CEO, and other executive officers. We believe that we could
      decrease the relative amount of these and other current liabilities as our
      clients’ common stock becomes publicly traded and we are able to sell shares
      that we own for cash and use that cash to pay expenses.





Having
      clients that have made it through the process of becoming publicly traded also
      drives our ability to generate cash flows from operations. We have adopted
      a
      policy to sell all marketable securities as quickly as reasonably possible
      to
      generate cash for operations. However, even if markets do develop for the shares
      of client common stock which we hold, those markets will most likely be illiquid
      and highly volatile. We could continue to face difficulty in generating positive
      cash flows from operations from sales of the marketable securities.




12





During
      the six months ended March 31, 2007, we had a net increase in cash of $5,221;
      consisting of $413,535 provided by financing activities which was partially
      offset by $403,120 used in operating activities and $5,194 used in investing
      activities.





Net
      cash
      used in operating activities was $403,120 for the six months ended March 31,
      2007, consisting of net loss of $436,914, an increase in marketable and
      non-marketable securities of $2,026,110 and an increase in accounts and stock
      receivable of $64,779 which were offset by adjustments for share based
      compensation of $222,675, depreciation and amortization of $18,393, bad debt
      expense of $13,058 and impairment of interest receivable of $6,428, an increase
      in deferred revenue of $1,519,480, an increase in accounts payable and accrued
      expenses of $185,536 and an increase in accounts payable and accrued expenses
      to
      related parties of $159,113.





Net
      cash
      used in investing activities was $5,194 for the six months ended March 31,
      2007,
      which related to the purchase of fixed assets.





Net
      cash
      provided by financing activities was $413,535 for March 31, 2007, consisting
      of
      loan proceeds from a related party of $427,598 which was partially offset by
      payments on installment notes payable of $13,810 and net payments on bank line
      of credit of $253. Loan proceeds from a related party represents $448,107 we
      received from Stephen Brock, our President and CEO less payments of $20,509.





We
      believe that we can meet our cash requirements during the next twelve months
      from sales of marketable securities, new clients, client milestone cash payments
      and certain capital raising efforts being undertaken. Further, in the past,
      Stephen Brock has provided personal capital funding to us for operations. 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 addition, we increased our efforts, which involved
      litigation in some instances, to collect cash payments owed to us from clients
      who breached our agreements. We plan to continue these efforts during the next
      twelve months. 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 shareholders.





During
      the six months ended March 31, 2007, Stephen Brock provided us with $448,107
      of
      funding for our operations. Further, we may seek a greater line of credit or
      private equity capital to finance our operations until more clients’ common
      stock becomes publicly traded and we are able to dispose of our shares of their
      common stock.




**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 client, which is generally considered to
      have
      occurred upon performance of the services provided. The services provided
      sometimes take several months. Effective with the second quarter ended March
      31,
      2005, we adopted a revenue recognition policy for management consulting services
      based on the value received by our clients at measurable milestones in the
      public reporting process. We concluded that the relative values of our
      consulting services for each of the milestones are as follows: (i) initial
      due
      diligence of client’s business and operations and private round of initial
      financing (20%), (ii) client’s preparation of a second round of financing in the
      form of a private placement memorandum or a registration statement for filing
      with the SEC (20%), (iii) effectiveness of client’s registration statement (25%)
      and (iv) client’s 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.




13





If
      we
      find that the relative amount of man hours and other expenditures required
      by us
      has materially changed for one or more of the milestones and that this change
      is
      of such a nature that it would likely also be incurred by our competitors in
      the
      marketplace or would change the relative value received by the clients for
      that
      milestone, it could warrant changing the percentages prospectively. As of the
      period covered by this report, we had nine performing management consulting
      services contracts with an aggregate value of $4,237,500 of which $2,721,180
      was
      included in deferred revenues and subject to changes in the percentage revenue
      earned for the remaining milestones.





*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 ;
      however, if the facts and circumstances do not justify carrying the securities
      at such value, then we carry them at historical pricing. Accordingly, net
      realized and unrealized gains and losses on trading securities are included
      in
      net income. The marketable securities that we own are traded on the OTCBB and
      the Pink Sheets. The market price for these securities is subject to wide
      fluctuations from period to period which may cause fluctuations in our results
      of operations.





*Valuation
      of non-marketable securities* .
      Non-marketable securities are not publicly traded 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,
      the valuation of closely similar companies or independent, third party
      valuations. Non-marketable securities are reflected on our balance sheet at
      historical costs. As of March 31, 2007, we had non-marketable securities valued
      at $ 5,576,108 primarily as a result of third party private sales by our clients of their
      common stock at per share prices ranging from $0.10 to $4.00. As
      our
      clients become fully reporting, publicly traded companies, non-marketable
      securities become marketable securities (discussed above). Due
      to
      the uncertainty inherent in valuing securities that are not publicly traded,
      our
      determinations of fair value of non-marketable securities may differ
      significantly from the values that would exist if a ready market for these
      securities existed; therefore, t he
      value
      of non-marketable securities we own could be significantly different than their
      value as marketable securities classified as trading securities. We reassess
      the
      value of our clients’ common stock for purposes of recording impairment, if any,
      to non-marketable securities.





**Item
      3.  Controls and Procedures.**





Evaluation
      of Disclosure Controls and Procedures




Our
      Chief
      Executive Officer and our Chief Financial Officer, after evaluating the
      effectiveness of our “disclosure controls and procedures” (as defined in the
      Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end
      of
      the period covered by this report (the “Evaluation Date”), have concluded that
      as of the Evaluation Date, our disclosure controls and procedures were effective
      to provide reasonable assurance that information required to be disclosed by
      us
      in the reports that we file or submit under the Exchange Act (i) is accumulated
      and communicated to our management, including our Chief Executive Officer and
      Chief Financial Officer, as appropriate, to allow timely decisions regarding
      required disclosure, and (ii) is recorded, processed, summarized and reported
      within the time periods specified in the Commission’s rules and forms.




14





Changes
      in Internal Control over Financial Reporting





There
      were positive changes in our internal control over financial reporting that
      occurred during the period covered by this report that have materially affected,
      or are reasonably likely to materially affect, our internal control over
      financial reporting.


Historically,
        we had material weaknesses in our internal control over financial reporting
        related to recording stock-based compensation, revenue recognition, and
        valuation on non-marketable securities which no longer persist. We have created
        memoranda to document our policies regarding these matters and devoted more
        time
        to quarter-end closing procedures and accounting positions. The additional
        time
        has allowed us to engage in more qualitative conference calls to discuss
        stock-based compensation to consultants and others, items of revenue recognition
        and client status and to study all stock-based compensation using spread
        sheets,
        projections and reports from our transfer agent. During this time, our Chief
        Executive Officer and our Chief Financial Officer also review and discuss
        our
        financial information with our other executive officers, audit coordinator
        and
        bookkeeper, and we devote more time to developing and reviewing the section
        of
        our reports entitled “Management’s Discussion and Analysis.”




**PART
      II - OTHER INFORMATION**





**Item
      1. Legal Proceedings.**





In
      April
      2006, UgoMedia Interactive Corporation and we 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 was obligated to pay us an aggregate of $315,000 during
      the period from April 2006 to October 2006. UgoMedia had paid us $61,500, but
      has defaulted on the remainder of the payment as of September 30, 2006. As
      a
      result of UgoMedia’s failure to make payment, 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 also have the right to 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. We entered judgment on December 15, 2006 and are attempting to collect,
      but there can be no assurance.





On
      September 13, 2006, we filed a lawsuit against Supremacy Financial Corporation
      in the District Court of
      Clark
      County, Nevada for breach of contract among other claims. We provided management
      consulting services to Supremacy; however, they did not pay us all of the
      compensation to which we are entitled under the contract. We are seeking
      specific performance of the contract, declaratory judgment setting forth the
      rights and responsibilities under the contract, general and special damages,
      attorney’s fees, costs and interest. Supremacy has filed a counterclaim against
      us for breach of contract and other causes related to our performance under
      the
      contract and the lawsuit. Supremacy is seeking general, special and punitive
      damages, attorney’s fees, costs and interest.





We
      are a
      party to various litigation that is normally incident to our business and which,
      individually and in the aggregate, do not involve claims against us for damages,
      exclusive of interest and costs, in excess of 10% of our current
      assets.




15





**Item
      2.  Unregistered Sales of Equity Securities.**





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




**Name**
            
            **Shares
                of****Common Stock**
            
            **Consideration**
            
            **Value**
            
            **Date****(1)**William
                Smith
            
            
            25,000
            
            
            Global
                Advisory Board services
            
            $
            9,250
            
            
            02/06/2007William
                Smith
            
            
            125,000
            
            
            Consulting
                services rendered
            
            $
            28,750
            
            
            03/12/2007William
                Smith
            
            
            75,000
            
            
            Consulting
                services rendered
            
            $
            13,500
            
            
            03/27/2007William
                Smith
            
            
            50,000
            
            
            Global
                Advisory Board services
            
            $
            14,000
            
            
            03/27/2007Barbara
                Ostini
            
            
            25,000
            
            
            Administrative
                services rendered
            
            $
            7,000
            
            
            02/06/2007Ginger
                Derrickson
            
            
            25,000
            
            
            Administrative
                services rendered
            
            $
            7,000
            
            
            02/06/2007Kipley
                J. Lytel
            
            
            50,000
            
            
            COO
                bonus for services rendered
            
            $
            11,000
            
            
            02/06/2007Trae
                O'Neil High
            
            
            50,000
            
            
            CLO
                bonus for services rendered
            
            $
            11,000
            
            
            02/06/2007Joshua
                A. Gottesman
            
            
            50,000
            
            
            CFO
                bonus for services rendered
            
            $
            11,000
            
            
            02/06/2007C.
                Dennis Hensling
            
            
            30,000
            
            
            Senior
                VP services rendered
            
            $
            5,700
            
            
            02/09/2007C.
                Dennis Hensling
            
            
            50,000
            
            
            Senior
                VP bonus for services rendered
            
            $
            11,000
            
            
            03/30/2007Stephen
                Boyko
            
            
            25,000
            
            
            Global
                Advisory Board services
            
            $
            7,000
            
            
            02/22/2007Gary
                Clark
            
            
            25,000
            
            
            Global
                Advisory Board services
            
            $
            7,000
            
            
            02/22/2007Mark
                Daigle
            
            
            50,000
            
            
            NEDAB
                Co-Chairman services
            
            $
            10,000
            
            
            03/12/2007Robert
                Uithoven
            
            
            25,000
            
            
            NEDAB
                signing bonus
            
            $
            5,000
            
            
            03/12/2007Paul
                Henry
            
            
            25,000
            
            
            NEDAB
                signing bonus
            
            $
            5,000
            
            
            03/12/2007Dan
                Burdish
            
            
            25,000
            
            
            NEDAB
                signing bonus
            
            $
            5,000
            
            
            03/30/2007Dan
                Burdish
            
            
            7,500
            
            
            NEDAB
                services rendered
            
            $
            1,600
            
            
            03/12/2007Robert
                Beers
            
            
            5,000
            
            
            NEDAB
                signing bonus
            
            $
            1,000
            
            
            03/12/2007Robert
                Beers
            
            
            7,500
            
            
            NEDAB
                services rendered
            
            $
            1,600
            
            
            03/30/2007Steve
                Chaussy
            
            
            25,000
            
            
            Global
                Advisory Board services
            
            $
            7,000
            
            
            03/27/2007Keith
                Schwer
            
            
            25,000
            
            
            NEDAB
                signing bonus
            
            $
            7,500
            
            
            03/27/2007James
                R. Eells, M.D.
            
            
            25,000
            
            
            NEDAB
                signing bonus
            
            $
            4,750
            
            
            03/27/2007Tim
                Carlson
            
            
            8,750
            
            
            NEDAB
                services rendered
            
            $
            1,863
            
            
            03/30/2007Paul
                Henderson
            
            
            3,750
            
            
            NEDAB
                services rendered
            
            $
            650
            
            
            03/30/2007D.
                Neal Tomlinson
            
            
            50,000
            
            
            NEDAB
                signing bonus
            
            $
            8,000
            
            
            03/30/2007Scott
                Allen
            
            
            3,200
            
            
            Consulting
                services rendered
            
            $
            512
            
            
            03/30/2007Vic
                Ruybalid
            
            
            21,250
            
            
            Consulting
                services rendered
            
            $
            5,450
            
            
            03/30/2007





(1)
            Represents
                the date the common stock was issued by the transfer agent and may
                not
                necessarily represent the date used to value the common
                stock.





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**31.1
            
            Certification
                of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley
                Act of 200231.2
            
            Certification
                of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley
                Act of 200232.1
            
            Certifications
                of Chief Executive Officer and Chief Financial Officer pursuant to
                Section
                906 of the Sarbanes-Oxley Act of
                2002





16




**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:
                April 26, 2007
            By:
            /s/
              Stephen BrockName:
              Stephen BrockTitle:
                Chief Executive Officer




Date:
                April 26, 2007
            By:
            /s/
              Joshua A. GottesmanName:
              Joshua A. GottesmanTitle:
                Chief Financial Officer




17