**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 June 30, 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
      July 12, 2006, there were 23,541,912 outstanding shares of the registrant's
      common stock, $.001 par value per share.





Transitional
      Small Business Disclosure Format (Check one):


Yes
o
      No x











**PUBLIC
      COMPANY MANAGEMENT CORPORATION**





**QUARTERLY
      REPORT ON FORM 10-QSB**


**FOR
      THE QUARTER ENDED JUNE 30, 2006**





**INDEX**




Page**PART
                I. FINANCIAL INFORMATION**Item
                1.  Financial Statements (Unaudited)Consolidated
                Balance Sheets as of June 30, 2006 and September 30, 2005
            1Consolidated
                Statements of Operations for the Three and Nine Months Ended June
                30, 2006
                and 2005
            2Consolidated
                Statements of Cash Flows for the Nine Months Ended June 30, 2006
                and
                2005
            3Notes
                to Consolidated Financial Statements
            4Item
                2.  Management's Discussion and Analysis
            5Item
                3.  Controls and Procedures
            13**PART
                II. OTHER INFORMATION**Item
                1. Legal Proceedings
            13Item
                2.  Unregistered Sales of Equity Securities and Use of
                Proceeds
            14Item
                6.  Exhibits
            14Signatures
            14








**PART
      I**


**FINANCIAL
      INFORMATION**




**Item1.
       Financial Statements.**




**PUBLIC
        COMPANY MANAGEMENT CORPORATION**


**CONSOLIDATED
        BALANCE SHEETS**
 **(Unaudited)**




**June
                30,**
            
            **September
                30,****2006**
            
            **2005****ASSETS****CURRENT
                ASSETS**Cash
            
            $
            15,074
            
            $
            40,061Accounts
                receivable, net
            
            
            21,778
            
            
            11,981Notes
                receivable
            
            
            8,625
            
            
            56,500Marketable
                securities
            
            
            303,911
            
            
            719,233Other
                assets
            
            
            6,428
            
            
            6,421Total
                current assets
            
            
            355,816
            
            
            834,196Stock
                receivable, net
            
            
            9,500
            
            
            394,975Non-marketable
                securities
            
            
            4,758,878
            
            
            1,623,552Furniture
                and equipment, net
            
            
            56,902
            
            
            69,797Website,
                net
            
            
            13,154
            
            
            37,187**TOTAL
                ASSETS**
            
            $
            5,194,250
            
            $
            2,959,707**LIABILITIES
                AND STOCKHOLDERS’ EQUITY****CURRENT
                LIABILITIES**Accounts
                payable and accrued expenses
            
            $
            330,360
            
            $
            213,198Accounts
                payable - Related party
            
            
            30,871
            
            
            -Current
                portion of installment notes payable
            
            
            18,515
            
            
            16,015Bank
                lines of credit
            
            
            72,601
            
            
            80,476Notes
                payable
            
            
            88,410
            
            
            84,200Deferred
                revenues
            
            
            3,898,112
            
            
            1,480,200Total
                current liabilities
            
            
            4,438,869
            
            
            1,874,089Long-term
                portions of installment note payable
            
            
            15,083
            
            
            32,029**TOTAL
                LIABILITIES**
            
            
            4,453,952
            
            
            1,906,118**SHAREHOLDERS’
                EQUITY**Common
                stock, $.001 par value; 50,000,000 shares authorized,23,541,912
                and 22,553,171 shares issued and outstanding, respectively
            
            
            23,542
            
            
            22,553Paid-in-capital
            
            
            2,311,249
            
            
            1,954,003Accumulated
                deficit
            
            
            (1,594,493
            )
            
            (922,967
            )TOTAL
                STOCKHOLDERS’ EQUITY
            
            
            740,298
            
            
            1,053,589**TOTAL
                LIABILITIES AND STOCKHOLDERS’ EQUITY**
            
            $
            5,194,250
            
            $
            2,959,707




The
        accompanying notes are an integral part of these
        statements.


1




**PUBLIC
        COMPANY MANAGEMENT CORPORATION**


**CONSOLIDATED
        STATEMENTS OF OPERATIONS**


**(Unaudited)**


**Three
                Months Ended**
            
            **Nine
                Months Ended****June
                30,**
            
            **June
                30,****2006**
            
            **2005**
            
            **2006**
            
            **2005**Revenue
            
            $
            193,414
            
            $
            353,063
            
            $
            985,574
            
            $
            1,473,165General
                and administrative
            
            
            332,517
            
            
            1,539,320
            
            
            1,200,374
            
            
            2,709,128Bad
                debt expense (benefit)
            
            
            (4,490
            )
            
            -
            
            
            66,010
            
            
            -Depreciation
                and amortization
            
            
            12,288
            
            
            13,381
            
            
            36,928
            
            
            30,205Total
                operating expenses
            
            
            340,315
            
            
            1,552,701
            
            
            1,303,312
            
            
            2,739,333Net
                loss from operations
            
            
            (146,901
            )
            
            (1,199,638
            )
            
            (317,738
            )
            
            (1,266,168
            )Other
                income and (expense)Interest
                expense
            
            
            (2,338
            )
            
            (2,516
            )
            
            (34,139
            )
            
            (16,207
            )Interest
                income
            
            
            9
            
            
            3,905
            
            
            21
            
            
            21,763Realized
                gain on sale of assets
            
            
            -
            
            
            89,731
            
            
            -
            
            
            198,017Realized
                gain (loss) on sale of securities
            
            
            (6,247
            )
            
            1,824
            
            
            17,705
            
            
            89,977Unrealized
                loss on marketable securities
            
            
            (90,205
            )
            
            (182,661
            )
            
            (337,375
            )
            
            (208,728
            )Total
                other income (expense)
            
            
            (98,781
            )
            
            (89,717
            )
            
            (353,788
            )
            
            84,822Loss
                before income taxes
            
            
            (245,682
            )
            
            (1,289,355
            )
            
            (671,526
            )
            
            (1,181,346
            )Deferred
                income tax (benefit)
            
            
            -
            
            
            (238,104
            )
            
            -
            
            
            (156,358
            )Net
                loss
            
            $
            (245,682
            )
            $
            (1,051,251
            )
            $
            (671,526
            )
            $
            (1,024,988
            )Weighted
                average shares outstanding
            
            
            23,374,039
            
            
            21,263,147
            
            
            22,972,151
            
            
            21,158,098Basic
                and diluted loss per share
            
            
            ($0.01
            )
            
            ($0.05
            )
            
            ($0.03
            )
            
            ($0.05
            )




The
        accompanying notes are an integral part of these statements.
 2
  **PUBLIC
        COMPANY MANAGEMENT CORPORATION**


**CONSOLIDATED
      STATEMENTS OF CASH FLOWS**


**Nine
      Months Ended June 30, 2006 and 2005**


**(Unaudited)**





**2006**
            
            **2005**Cash
                Flows Used in Operating Activities:Net
                loss
            
            $
            (671,526
            )
            $
            (1,024,988
            )Adjustments
                to reconcile net loss to netcash
                used in operating activities:Depreciation
                and amortization
            
            
            36,928
            
            
            30,205Bad
                debt expense
            
            
            66,010
            
            
            -Loss
                (gain) on sale of investments
            
            
            -
            
            
            (198,017
            )Loss
                (gain) on sale of marketable securities
            
            
            (17,705
            )
            
            (89,977
            )Unrealized
                loss (gain) on marketable securities
            
            
            337,375
            
            
            208,728Stock
                and assets issued for services
            
            
            358,236
            
            
            1,292,569Marketable
                securities issued for services
            
            
            -
            
            
            12,537Deferred
                income tax
            
            
            -
            
            
            (156,358
            )Changes
                in assets and liabilitiesAccounts
                and stock receivable
            
            
            309,668
            
            
            (405,029
            )Marketable
                and non-marketable securities
            
            
            (3,108,962
            )
            
            (862,879
            )Notes
                receivable
            
            
            47,868
            
            
            -Other
                current assets
            
            
            -
            
            
            (155,888
            )Accounts
                payable and accrued expenses
            
            
            121,372
            
            
            106,738Accounts
                payable - Related party
            
            
            30,871
            
            
            -Deferred
                revenue
            
            
            2,417,912
            
            
            611,392Net
                Cash Used in Operating Activities
            
            
            (71,953
            )
            
            (630,967
            )Cash
                Flows Provided by Investing Activities:Proceeds
                from sale of marketable securities
            
            
            69,287
            
            
            240,799Proceeds
                from sale of investment
            
            
            -
            
            
            443,017Purchase
                of furniture and equipment
            
            
            -
            
            
            (13,979
            )Purchase
                of marketable securities
            
            
            -
            
            
            (11,530
            )Purchase
                of investment property
            
            
            -
            
            
            (5,000
            )Net
                Cash Provided by Investing Activities
            
            
            69,287
            
            
            653,307Cash
                Flows Used in Financing Activities:Net
                payments on bank line of credit
            
            
            (7,875
            )
            
            (888
            )Payments
                on installment notes payable
            
            
            (14,446
            )
            
            (158,832
            )Sale
                of common stock
            
            
            -
            
            
            6,763Net
                Cash Used in Financing Activities
            
            
            (22,321
            )
            
            (152,957
            )Net
                decrease in cash
            
            
            (24,987
            )
            
            (130,617
            )Cash
                at beginning of period
            
            
            40,061
            
            
            153,509Cash
                at end of period
            
            $
            15,074
            
            $
            22,892Cash
                paid during the period for:Interest
            
            $
            34,139
            
            $
            16,207Income
                taxes
            
            $
            -
            
            $
            -




The
        accompanying notes are an integral part of these 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, 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 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 2005 as reported
      in the Form 10-KSB have been omitted.





NOTE
      2 -
      COMMON STOCK





During
      the nine months ended June 30, 2006, PCMC issued 908,741 shares for services
      rendered. These shares were valued at their fair market value ranging from
      $0.12
      to $0.90 per share, resulting in total share-based compensation expense of
      $358,236. 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 during the previous
      quarter ended March 31, 2006. 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 June 30, 2006, the
      minimum total future commitment due was $69,000 cash and 184,800 shares valued
      at $23,100 (or $0.125 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





The
      registration statement of one of PCMC’s clients became effective with the SEC on
      July 20, 2006. PCMC will begin providing compliance services to this client
      for
      the next twelve months. PCMC owns 875,000 shares of common stock of this
      client.





4


**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, Inc., formerly
      GoPublicToday.com prior to June 23, 2006 (“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 public capital markets. We
      provide the following products and services:





5


○
            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 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.





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 and/or 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,
      Inc. (“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:





○
            Advice
                regarding debt and equity structure of the client;


○
            Business
                plan preparation;


○
            Consulting
                services and advice relating to the private placement of
                securities;


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


○
            Liaison
                with independent public accountants to conduct
                audits;


○
            Liaison
                with counsel regarding corporate and securities
                matters;




6


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


○
            Identification
                of brokerage firms to serve as market makers;
                and


○
            Consulting
                services and advice regarding the requirements for quotation on the
                OTCBB.





*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, 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 and we do not own any of their securities.





**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.


7


**Third
      Quarter Events**





During
      the three months ended June 30, 2006, we focused more on servicing our existing
      clients to move them further along our consulting process and prepare them
      for
      their compliance. We finalized the terms of the compliance portion of the
      contract with one of our clients, and a s
      a
      result, we received 375,000 shares of the client’s common stock, valued at $1.25
      per share or $468,750 based upon contemporaneous third-party sales by the client
      of its common stock. We recognized one-twelfth of the value of these shares
      as
      revenue during the period covered by this report and the remainder was included
      in deferred revenue. This client’s registration statement with the SEC became
      effective after the period covered by this report as discussed below under
      the
      heading “Subsequent Events”. In addition, we terminated our relationship with
      two of our clients (discussed below). We will not be providing compliance
      services to those clients.





We
      expected that the common stock of clients with which we have compliance
      contracts would be registered with the SEC and begin trading on the OTCBB either
      during our fourth quarter or our first quarter of the forthcoming fiscal year.
      During our third quarter, we allocated significant resources to revise and
      further develop our compliance consulting services in anticipation of increased
      obligations on us to provide compliance services to these and other clients.
      We
      also allocated significant resources to further develop our new process for
      Pink
      Sheets companies to migrate to the OTCBB.





On
      April
      1, 2006, we highlighted our business model, operational milestones and company
      objectives and outlook in a presentation that we gave to attendees of the
      Southern California Investment Association National Small Cap Syndicate
      Conference in Irvine, California. On May 2, 2006, we hosted an exhibit booth
      during the 17th Annual Conference of the National Association of Active
      Investment Managers in Phoenix, Arizona. We offered several educational
      resources including white papers on topics such as the advantages of the Form
      SB-2 filing process and asset protection, along with information on our other
      value-added services for both private and public companies. We plan to continue
      to participate in investor/funding conferences during the remainder of
      2006.





On
      May 8,
      2006, we and Sputnik, Inc. entered into a termination agreement and general
      release pursuant to which we terminated our contract for services with Sputnik,
      except as specifically set forth in the termination agreement, we each
      released the other and their affiliates from all claims. The termination
      agreement did not expand any of our rights, duties or obligations; however,
      we
      will not be entering into a contract to provide compliance services to Sputnik,
      pursuant to which we would have received additional restricted shares of
      Sputnik’s common stock and other compensation.





On
      June
      12, 2006, we and Legacy Communications Corporation entered into a termination
      and mutual release agreement pursuant to which we terminated our contract for
      services with Legacy. We returned some shares and retained some shares of common
      stock of Legacy which we held. We also retained all cash payment which Legacy
      had previously made to us under the contract. We and Legacy each released the
      other and their affiliates from all claims. We have no further obligations
      to
      Legacy and they have no further obligations to us. We treated the contract
      with
      Legacy as fully performed with respect to the shares that we
      retained.





8


In
      June
      2006, we contacted Escape International, Inc. regarding a lawsuit between us.
      As
      a result of our communications with Escape, we settled the matters between
      us.
      Escape paid us $25,000 as of June 30, 2006, and, subsequent to the period
      covered by this report, Escape and we entered into a new contract pursuant
      to
      which we will provide them with consulting and advisory services in connection
      with various corporate and securities matters.





Subsequent
      Events





One
      of
      our client’s registration statements became effective with the SEC on July 19,
      2006. We expect that in the near future the client’s common stock will be
      cleared for quotation on the OTCBB. We will provide compliance services to
      this
      client for the next twelve months. We own 875,000 restricted shares of common
      stock of this client. The registration statement is for the resell of securities
      by the client’s shareholders, but not including us. The proposed maximum
      offering price by those shareholders is $1.25 per share. Some of the shares
      that
      we hold of this client may be available for resale under Rule 144 of the
      Securities Act as early as October 2006, provided that at such time the client
      is current in its filings with the SEC and has been subject to such filing
      requirements for at least 90 days.





**Results
      of Operations for the Nine Months Ended June 30, 2006 Compared to the Nine
      Months Ended June 30, 2005.**





Revenue
      declined $487,591, or 33%, to $985,574 for the nine months ended June 30, 2006,
      as compared to revenue of $1,473,165 for the nine months ended June 30, 2005.
      This decline was primarily due to a modification that resulted in an additional
      $602,135 in revenue recorded in the three month period ended March 30, 2005.
      We
      did not have such a modification during the nine month period ended June 30,
      2006.





General
      and administrative expense decreased $1,508,754, or 56%, to $1,200,374 for
      the
      nine months ended June 30, 2006, as compared to general and administrative
      expense of $2,709,128 for the nine months ended June 30, 2005. The decrease
      in
      general and administrative expense was primarily due to a decrease in officer
      expenses, a decrease in investor and public relations and a decrease in
      marketing related to our contracts.





Bad
      debt
      expense was $66,010 for the nine months ended June 30, 2006, as compared to
      bad
      debt expense of $-0- for the nine months ended June 30, 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 increased $6,723, or 22%, to $36,928 for the nine months ended
      June 30, 2006, as compared to $30,205 for the nine months ended June 30, 2005.
      The increase in depreciation and amortization expense was the result of
      realizing a full nine months of depreciation for the current period ended June
      30, 2006 for property placed into service during the prior year. Some of the
      assets placed in service during the nine months ended June 30, 2005 realized
      less than nine months of depreciation because they were not in service for
      the
      full nine months.





9


Total
      operating expenses decreased $1,436,021, or 52%, to $1,303,312 for the nine
      months ended June 30, 2006, as compared to $2,739,333 for the nine months ended
      June 30, 2005. The decrease in total operating expenses was primarily
      attributable to the decrease in general and administrative expense.





Interest
      expense increased $17,932, or 111%, to $34,139 for the nine months ended June
      30, 2006, as compared to interest expense of $16,207 for the nine months ended
      June 30, 2005. The increase in interest expense was due to an increase in
      short-term notes payable.





Interest
      income decreased $21,715, or 99.9%, to $21 for the nine months ended June 30,
      2006, as compared to interest income of $21,763 for the nine months ended June
      30, 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 nine months ended June 30,
      2006, as compared to realized gain on sale of assets of $198,017 for the nine
      months ended June 30, 2005. The decrease in realized gain on sale of assets
      was
      due to the sale of investments in real estate during the nine month period
      ended
      June 30, 2005. We no longer hold investments in real estate and did not have
      any
      such sales during the nine month period ended June 30, 2006.





Realized
      gain on sale of marketable securities decreased $72,272, or 80%, to $17,705
      for
      the nine months ended June 30, 2006, as compared to realized gain on sale of
      marketable securities of $89,977 for the nine months ended June 30, 2005. The
      decrease in realized gain on sale of marketable securities was due to the net
      declines in the market values of marketable securities.





Unrealized
      loss on marketable securities increased $128,647, or 62%, to $337,375 for the
      nine months ended June 30, 2006, as compared to unrealized loss on marketable
      securities of $208,728 for the nine months ended June 30, 2005. The increase
      in
      unrealized loss on marketable securities was primarily due to changes in the
      values of marketable and non-marketable securities.





We
      recorded a full valuation allowance against deferred tax assets during the
      nine
      months ended June 30, 2006, because management believes it is more likely than
      not that deferred tax assets will not be realized. We had a deferred income
      tax
      benefit of $156,358 for the nine months ended June 30, 2005.





We
      had a
      net loss of $671,526 (and basic and diluted loss per share of $0.03) for the
      nine months ended June 30, 2006, as compared to a net loss of $1,024,988 (and
      basic and diluted loss per share of $0.05) for the nine months ended June 30,
      2005. The decrease of $353,462, or 34%, in the net loss was attributable to
      a
      decrease in total operating expenses which more than offset a decrease in
      revenues and an increase in total other expense.





10


We
      had an
      accumulated deficit of $1,594,493 and total stockholders’ equity of $740,298 as
      of June 30, 2006.





**Liquidity
      and Capital Resources**





We
      had
      total current assets of $355,816 as of June 30, 2006, which consisted of cash
      of
      $15,074, net accounts receivable of $21,778, notes receivable of $8,625,
      marketable securities of $303,911 and other assets of $6,428.





We
      had
      total current liabilities of $4,438,869 as of June 30, 2006, which consisted
      of
      deferred revenues of $3,898,112, accounts payable and accrued expenses of
      $330,360, notes payable of $88,410, bank lines of credit of $72,601, accounts
      payable to related party of $30,871 and the current portion of installment
      notes
      payable of $18,515. Accounts payable to related party consist entirely of the
      amounts we owed pursuant to a consulting agreement with our chief legal
      officer.





We
      had
      negative working capital of $4,083,053. The ratio of total current assets to
      total current liabilities was approximately 8.0% as of June 30,
      2006.





During
      the nine months ended June 30, 2006, net cash decreased $24,987 consisting
      of
      $71,953 used in operations and $22,321 used in financing activities, which
      were
      offset by $69,287 provided by investing activities.





Net
      cash
      used in operating activities during the nine month period ended June 30, 2006,
      consisted of net loss of $671,526, an increase in marketable and non marketable
      securities of $3,108,962 and an adjustment for realized gain on the sale of
      marketable securities of $17,705. These items were offset by non-cash expenses
      of depreciation and amortization of $36,928, bad debts of $66,010, unrealized
      loss on marketable securities of $337,375 and stock and assets issued for
      services of $358,236. In addition, accounts and stock receivable decreased
      by
      $309,668 and notes receivable decreased by $47,868 while accounts payable and
      accrued expenses increased by $121,372, accounts payable to related parties
      increased by $30,871 and deferred revenue increased by $2,417,912 during the
      nine months ended June 30, 2006.





Net
      cash
      provided by investing activities during the nine month period ended June 30,
      2006, consisted of proceeds from the sale of marketable securities of
      $69,287.





Net
      cash
      used by financing activities during the nine month period ended June 30, 2006,
      consisted of payments on installment notes payable of $14,446 and net payments
      on bank line of credit of $7,875.





11


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
      due, and certain capital raising efforts being undertaken. Further, in the
      past,
      our President, Chief Executive Officer, sole director and majority shareholder,
      Stephen Brock has provided personal capital funding to us. 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 $45,000, 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 also received $25,000 from
      Escape International, Inc. as of June 30, 2006, as a partial payment on a
      summary judgment that we have against them in the principal amount of $68,750
      plus pre- and post-judgment interest. We also are due $4,500 from Legacy
      Communications Corporation pursuant to a termination and mutual release
      agreement. We received a principal payment of $20,000 as of June 30, 2006,
      from
      Healthcare Business Services Groups, Inc. on a note receivable obligation,
      leaving a remaining note receivable balance of $8,625. 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.




We
      continue to aggressively market our services to small and emerging businesses.
      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 principles 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.





12


*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 Officer, who also acts as our Principal Financial
      Officer, 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, and 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, 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 is obligated to pay us an aggregate of $315,000 during
      the
      period from April 2006 to October 2006. UgoMedia has paid us $45,000 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.





13


In
      June
      2006, we contacted Escape International, Inc. regarding a lawsuit between us
      filed on November 4, 2004, in the District Court, Clark County, Nevada. As
      a
      result of our communications with Escape, we settled the matters between us.
      Escape paid us $25,000 as of June 30, 2006, and, subsequent to the period
      covered by this report, Escape and we entered into a new contract pursuant
      to
      which we will provide them with consulting and advisory services in connection
      with various corporate and securities matters.





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





**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**Scott
                Allen
            
            13,741
            
            Consulting
                Services Rendered
            
            $3,435
            
            05/08/2006Kipley
                J. Lytel
            
            40,000
            
            Achievement
                of Milestones as COO
            
            $4,800
            
            06/16/2006





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:
                  July 25, 2006
              By:
              /s/
                Stephen BrockName:
                Stephen BrockTitle:President,
                  CEO, Principal Executive Officer, Principal Financial Officer and
                  Principal Accounting Officer
  
 14