UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

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

     For the quarterly period ended September 30, 2000


[ ]  TRANSITION  REPORT  UNDER  SECTION 13 OR 15(d) OF THE  EXCHANGE ACT
For the transition period from   -------------- to --------------


Commission file number  ------------------

                             ICT Technologies, Inc.
                      ------------------------------------
                      (Exact name of small business issuer
                          as specified in its charter)

        Delaware                                          13-4070586
--------------------------------------------------------------------------------
(State or other jurisdiction                   (IRS Employer Identification No.)
of incorporation or organization)


                                Joshua Shainberg

           122 East 42nd Street, 17th Floor, New York, New York 10168
                                 (212) 551-1085
          ------------------------------------------------------------
          (Address and telephone number of principal executive offices,
                          principal place of business,
                 and name, address and telephone number of agent
                             for service of process)

     Check whether the registrant filed all documents and reports required to be
filed by Section l2, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court. NA

     State the number of shares  outstanding of each of the issuer's  classes of
common equity, as of the latest  practicable date: As of September 29, 2000, the
Company  there are  7,686,065  shares of common  stock  issued and  outstanding.
Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]




<PAGE>

                             ICT TECHNOLOGIES, INC.
               SEPTEMBER 30, 2000 QUARTERLY REPORT ON FORM 10-QSB
                               TABLE OF CONTENTS

                                                                    Page Number

Special Note Regarding Forward Looking Information.....................   2

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements...........................................   3
Item 2. Management's Discussion and Analysis of Financial Condition
        and Results of Operations......................................   9
Item 3. Quantitative and Qualitative Disclosures About Market Risk.....  11

PART II - OTHER INFORMATION

Item 1. Legal Proceedings..............................................  11
Item 2. Changes in Securities and Use of Proceeds......................  11
Item 3. Defaults Upon Senior Securities................................  11
Item 4. Submission of Matters to a Vote of Security Holders............  11
Item 5. Other Information..............................................  11
Item 6. Exhibits and Reports on Form 8-K...............................  11

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

     To the extent that the  information  presented in this Quarterly  Report on
Form  10-QSB for the  quarter  ended  September  30,  2000  discusses  financial
projections,  information  or  expectations  about our  products or markets,  or
otherwise  makes  statements  about future events,  such statements are forward-
looking. We are making these forward-looking  statements in reliance on the safe
harbor  provisions  of the  Private  Securities  Litigation  Reform Act of 1995.
Although we believe that the  expectations  reflected  in these  forward-looking
statements are based on reasonable assumptions,  there are a number of risks and
uncertainties  that could cause actual  results to differ  materially  from such
forward-looking  statements.  These risks and uncertainties are described, among
other places in this Quarterly Report, in "Management's  Discussion and Analysis
of Financial Condition and Results of Operations".

     In addition,  we disclaim  any  obligations  to update any  forward-looking
statements to reflect events or  circumstances  after the date of this Quarterly
Report.  When considering such  forward-looking  statements,  you should keep in
mind the risks  referenced  above and the other  cautionary  statements  in this
Quarterly Report.

                                        2

<PAGE>

                         PART I -- FINANCIAL INFORMATION

Item 1. Financial Statements.


                                     PART I
                              FINANCIAL INFORMATION

        Item 1. Financial Statements

     The condensed financial statements for the periods ended September 30, 1999
and 2000 included  herein have been  prepared by ICT  Technologies,  Inc.,  (the
"Company")  without  audit,  pursuant  to  the  rules  and  regulations  of  the
Securities  and  Exchange  Commission  (the  "Commission").  In the  opinion  of
management,  the statements include all adjustments  necessary to present fairly
the financial  position of the Company as of September 30, 2000, and the results
of operations and cash flows for the nine month periods ended September 30, 1999
and 2000.

     The Company's results of operations during the nine months of the Company's
fiscal year are not necessarily indicative of the results to be expected for the
full fiscal year.

     The  financial  statements  included  in  this  report  should  be  read in
conjunction  with the  financial  statements  and notes thereto in the Company's
Annual Report on Form 10-KSB for the fiscal years ended December 31, 1999.


Balance Sheet as of September 30, 2000 and December 31, 1999.............    4

Statement of Operations for the nine months ended September 30, 2000
      and fiscal year 1999...............................................    5

Statement of Cash Flows for the nine months ended September 30, 2000
      and and fiscal year 1999...........................................    6

Statement of Stockholders' Equity for the nine months ended
       September 30, 2000................................................    7

Notes to Consolidated Financial Statements...............................    8






                                       3

<PAGE>









                             ICT TECHNOLOGIES, INC.
                                  BALANCE SHEET
                                                                 September 30,
                                                                     2000
                                      December 31, 1999           Unaudited
                                      -----------------          --------------
                                     Assets
Current assets
  Cash                                       $5,988                   $   -0-
  Total current assets                        5,988                       -0-


Other assets
  Equity investment                         150,000                   150,000
  Total other assets                        150,000                   150,000
Total assets                               $155,988                  $150,000
                                           ========                  ========

                      Liabilities and Stockholders' Equity

Current liabilities
  Accrued expenses                        $  12,000                 $  18,750
  Officer loan payable                       59,525                    63,629
                                          =========                 =========
  Total current liabilities                  71,525                    82,379


Stockholders' equity
  Common Stock authorized 10,000,000          7,686                     7,686
shares, $0.001  par value each. At
December 31, 1999 and September 30,
2000, there are 7,686,025 and
7,686,025  shares outstanding
respectively.
Additional paid in capital                1,168,110                 1,168,110
Deficit accumulated during the           (1,091,333)               (1,108,175)
development stage
Total stockholders' equity                   84,463                    67,621
Total liabilities and stockholders'        $155,988                  $150,000
equity



                                        4

<PAGE>

                             ICT TECHNOLOGIES, INC.
                             STATEMENT OF OPERATIONS
                                    Unaudited

                                        For the nine             For the nine
                                        months ended             months ended
                                        September 30,            September 30,
                                            1999                     2000
                                        -------------            -------------

Revenue                                   $    -0-                 $     -0-

Costs of goods sold                            -0-                       -0-

Gross profit                                   -0-                       -0-

Operations:
  General and administrative                48,896                     16,842
  Depreciation and  amortization               -0-                        -0-
  Total expense                             48,896                     16,842

Loss  from operations                      (48,896)                   (16,842)



Net income (loss)                         $(48,896)                  $(16,842)

Net income (loss)  per share-basic          $(0.01)                    $(0.00)
Number of shares outstanding-basic       7,686,025                  7,686,025






                                        5

<PAGE>

                             ICT TECHNOLOGIES, INC.
                             STATEMENT OF CASH FLOWS

                                    Unaudited


                                              For the             For the
                                          nine months ended   nine months ended
                                            September 30,      September 30,
                                               1999                2000
                                          -----------------   -----------------
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                            $(48,896)          $(16,842)
Adjustments to reconcile net loss to
cash used in operating activities
  Shares issued for accrued salaries
  Depreciation
  Accounts payable and accrued expenses           6,000              6,750
                                               ----------           --------
TOTAL CASH FLOWS FROM OPERATIONS                (42,896)           (10,092)

CASH FLOWS FROM FINANCING ACTIVITIES
  Officer loan payable                           43,048              4,104
TOTAL CASH FLOWS FROM FINANCING                  43,048              4,104
ACTIVITIES

TOTAL CASH FLOWS FROM INVESTING
ACTIVITIES

NET INCREASE (DECREASE) IN CASH                    (152)             (5,988)
CASH BALANCE BEGINNING OF PERIOD                    622               5,988
                                                 --------            --------
CASH BALANCE END OF PERIOD                       $  744             $    -0-
Supplemental disclosure of cash flow
information
  Cash paid for interest                         $   -0-                 -0-
  Cash paid for income taxes                     $   -0-            $    -0-



                                        6

<PAGE>


                             ICT TECHNOLOGIES, INC.
                        STATEMENT OF STOCKHOLDERS EQUITY

<TABLE>

<CAPTION>
                                                                             Deficit
                                                                           accumulated
                                                     Additional paid-    during developent
Date                 Common Stock    Common Stock       in capital            stage           Total
--------             ------------    ------------    ----------------    -----------------   ---------
<S>                     <C>               <C>            <C>               <C>               <C>

Balances December       7,686,025         $7,686         $1,168,110        (1,042,175)        133,621
31, 1998

Net loss                                                                     $(49,162)       $(49,162)
Balances December       7,686,025          7,686         $1,168,110        (1,091,333)        $84,463
31, 1999

Unaudited
Net loss                                                                      (16,842)        (16,842)
Balances September      7,686,025          7,686          1,168,110       $(1,108,175)        $67,621
30, 2000








</TABLE>




                                        7

<PAGE>



                              ICT TCHNOLOGIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2000


     NOTE  A--BASIS  OF  PRESENTATION

     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance with generally accepted principles for interim financial information.
Accordingly,  they do not include all of the information and footnotes  required
by generally accepted accounting  principles for complete financial  statements.
In the opinion of management,  all necessary  adjustments  (consisting of normal
recurring  accruals)  considered  necessary  for a fair  presentation  have been
included.  Operating results of ICT  Technologies,  Inc. (the "Company") for the
nine months ended September 30, 1999 and 2000 are not necessarily  indicative of
the results that may be expected for the fiscal year ending December 31, 2000.

     NOTE B--EARNINGS PER SHARE

     Basic  loss  per  common  share is  computed  by  dividing  the loss by the
weighted average number of common shares outstanding  during the period.  During
the nine month  periods  through  September  30,  2000,  there were no  dilutive
securities outstanding.

     NOTE C - INCOME TAXES

     The Company  provides for the tax effects of  transactions  reported in the
financial statements. The provision if any, consists of taxes currently due plus
deferred taxes related primarily to differences  between the basis of assets and
liabilities for financial and income tax reporting.  The deferred tax assets and
liabilities,  if any,  represent  the future tax  return  consequences  of those
differences,  which will  either be taxable  or  deductible  when the assets and
liabilities are recovered or settled.  As of December 31, 1999 and September 30,
2000, the Company had no material current tax liability, deferred tax assets, or
liabilities to impact on the Company's  financial  position because the deferred
tax asset  related to the  Company's  net  operating  loss carry forward and was
fully offset by a valuation allowance.

     At September 30, 2000,  the Company has net operating  loss carry  forwards
for income tax purposes of $1,108,175.  These carry forward losses are available
to offset future taxable income, if any, and expire in the year 2010.

     The  components  of the net deferred tax asset as of September 30, 2000 are
as follows:

         Deferred tax asset:
         Net operating loss carry forward                  $  376,780
         Valuation allowance                                $(376,780)
                                                           -----------
         Net deferred tax asset                              $     -0-

     The Company  recognized  no income tax benefit from the loss  generated for
the period  from the date of  inception  to  September  30,  2000.  SFAS No. 109
requires  that a valuation  allowance  be provided if it is more likely than not
that some  portion or all of a  deferred  tax asset  will not be  realized.  The
Company's  ability to realize  benefit of its  deferred tax asset will depend on
the  generation  of  future  taxable  income.  Because  the  Company  has yet to
recognize  significant  revenue  from  the  sale of its  products,  the  Company
believes that a full valuation allowance should be provided.

                                       8

<PAGE>

     NOTE D - COMMITMENTS AND CONTINGENCIES

     a. Lease agreements

     The company  occupies  office  space at the office of the  President at 122
East 42nd Street,  17th Floor,  New York,  New York 10168 at a monthly rental of
$250.

     b. Officer Compensation

     For the period from  inception,  June 23, 1997, to September 30, 2000,  the
company has accrued a minimal  compensation of $500 per month as compensation to
Mr.  Shainberg  as  consideration  for  services  while  the  company  is in the
development stage of development.


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

               MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS FOR THE NINE MONTHS ENDED
                          SEPTEMBER 30, 1999 AND 2000

     The following discussion relates to the results of the Company's operations
to date, and our financial condition:

     This report contains forward looking  statements  relating to the Company's
future  economic  performance,  plans and  objectives of  management  for future
operations,  projections of revenue mix and other financial items that are based
on the  beliefs of, as well as  assumptions  made by and  information  currently
known to, our management. The words "expects,  intends,  believes,  anticipates,
may, could,  should" and similar expressions and variations thereof are intended
to identify forward-looking  statements.  The cautionary statements set forth in
this section are intended to emphasize that actual results may differ materially
from those contained in any forward looking statement.

     Business activities.

     The Company has been dormant  since  December 31, 1996 except for an equity
investment in the Frank Lettau Galleries,  located in New York City. The Company
is in the process of expanding  its business  activities in the  purchasing  and
selling of art and antiques for its own account having learned the business as a
result of its business relationship with Frank Lettau Galleries.

     During this  period,  management  has  continued  to finance is  activities
through the resources of management  and has devoted the majority of its efforts
to initiating the Company's market plans to enter the business of purchasing art
and  antiques,   obtaining  new  customers  for  sale  of  consulting  services,
developing sources of supply,  developing and testing its marketing strategy and
finding a  management  team to begin the process of:  completing  its  marketing
goals;  furthering  its  marketing  research and  development  for its products;
changing the state in which the Company was domiciled from the State of New York
to  Delaware  completing  the  documentation  for the filing of Form 10 with the
Securities and Exchange  Commission to become a fully  reporting  Company to the
SEC. These  activities  were funded by the Company's  management and investments
from stockholders.  The Company has not yet generated sufficient revenues during
its limited  operating period of  reorganization  to fund its ongoing  operating
expenses, or fund its marketing plans and product development activities.  There
can be no assurance that  development  of the marketing  plans will be completed
and fully  tested in a timely  manner  and  within  the  budget  constraints  of


                                      9

<PAGE>

management and that the Company's  marketing  research will provide a profitable
path to utilize the Company's  marketing plans.  Further investments into market
design and implementation and development,  marketing research as defined in the
Company's  operating  plan will  significantly  reduce the cost of  development,
preparation,  and  processing of purchases and orders by enabling the Company to
effectively compete in this market place.

     During this  reorganization  period,  the Company has been financed through
officer's loans from Joshua Shainberg with the return of its partial  investment
in the Frank Lettau Galleries.

     Results of  Operations  for the nine  months  ended  September  30, 2000 as
compared to the nine months ended September 30, 1999.

     For the nine months ended  September  30, 2000,  the Company  generated net
sales of $-0- as compared to $-0-for the nine months ended  September  30, 1999.
The  Company's  cost of goods sold for the nine months ended  September 30, 2000
was $-0- as compared to $-0- to for the nine months  ended  September  30, 1999.
The Company's  gross profit on sales was $-0-for the nine months ended September
30, 2000 as compared to $-0-for the nine months ended September 30, 1999.

     The Company's  general and  administrative  costs aggregated  approximately
$16,842 for the nine months ended  September 30, 2000 as compared to $48,896 for
the nine months ended  September  30, 1999  representing  a decrease of $32,054.
General and  administrative  expenses for September 30, 2000 represent $2,000 in
accrued  salary for Mr.  Shainberg and and accrual of $1,000 for rent and office
expenses of $13,842.

     Liquidity and Capital Resources.

     The  Company  increased  cash from  $-0- at  September  30,  2000 to a cash
balance of $5,988 at December 31, 1999.  Working  capital at September  30, 2000
was negative at $82,379.  For the nine months ended September 30, 2000,  working
capital was provided by  management  for the payment of  expenses.  At March 31,
2000,  the  Company  continued  to  be  funded  through  officer  loan  balances
aggregating  $63,629.  Management  believes  that it  will  be able to fund  the
Company through the continuation of the Company's  reorganization  process until
the Company's  marketing strategy of entering the art and antique business is in
place.

     Known trends,  events or uncertainties  that could be reasonably  likely to
have a material  adverse effect on the businesses of the Company and may thereby
materially  impact the Company's  short-term or long-term  liquidity  and/or net
sales, revenues or income from continuing operations are expected to be seasonal
and the  continuation  and  availability  of  inventory  from present and future
vendors at prices that will permit the Company to operate at and improved  gross
profit levels;  Federal  Securities  regulations that may effect the ability the
ability for the  Company to  complete  its  marketing  strategy  and a favorable
environment in which the Company will conduct its consulting activities.

     Thereafter,  if cash generated from  operations is  insufficient to satisfy
the Company's working capital and capital expenditure requirements,  the Company
may be  required  to  sell  additional  equity  or  debt  securities  or  obtain
additional credit facilities.  There can be no assurance that such financing, if
required, will be available on satisfactory terms, if at all.

     Year 2000 Issues

     As of September  30, 2000,  the Company did not  experience  any setback in
operating plans resulting from a Year 2000 problem.


                                       10
<PAGE>



ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     Not Applicable.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

     All  shares  sold by the  Issuer  during  the last  three  years  have been
registered under the Securities Act of 1933.

ITEM 3. DEFAULTS IN SENIOR SECURITIES

     None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     None.

ITEM 5. OTHER INFORMATION

     None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits.

27   Financial Data Schedule

(b)  Reports on Form 8-K.

     None.

                                       11
<PAGE>

                                   SIGNATURES

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

ICT TECHNOLOGIES, INC.

Dated: October 2, 2000
By: /s/ Joshua Shainberg
Joshua Shainberg, President and Director

Date: October 2, 2000
By: /s/ Bindiya Moorjani
Bindiya Moorjani Ph.D., Secretary, Treasurer and Director

                                        12
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