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 June 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.
                 JUNE 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 June 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.

STATEMENTS

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

Statement of Operations for the six months ended June 30, 2000 and 1999...... 5

Statement of Cash Flows for the six months ended June 30, 2000 and 1999...... 6

Statement of Stockholders' Equity for the six months ended June 30, 2000..... 7

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






                                       3

<PAGE>

                             ICT TECHNOLOGIES, INC.
                                  BALANCE SHEET

                                                                   June 30,
                                                  December 31,      2000
                                                     1999         Unaudited
                                                  -----------     ----------
                                     Assets

Current assets

  Cash                                             $  5,988       $  2,131
  Total current assets                                5,988          2,131

Other assets

  Equity investment                                 150,000        150,000
  Total other assets                                150,000        150,000
                                                   ---------      --------
Total assets                                       $155,988       $152,131


                      Liabilities and Stockholders' Equity

Current liabilities

  Accrued expenses                                  $ 12,000       $ 16,500
  Officer loan payable                                59,525         55,668
                                                     --------      ---------
  Total current liabilities                           71,525         72,168


Stockholders' equity

  Common Stock authorized 10,000,000 shares,           7,686          7,686
   $0.001  par value each. At  December 31, 1999
   and June 30, 2000, there are 7,686,025
   and 7,686,025 shares outstanding respectively.
Additional paid in capital                         1,168,110      1,168,110
Accumulated deficit                               (1,091,333)    (1,095,833)
Total stockholders' equity                            84,463         79,963
                                                  -----------     ----------

Total liabilities and stockholders' equity          $155,988       $152,131
                                                  -----------     ----------





                                        4

<PAGE>

                             ICT TECHNOLOGIES, INC.
                             STATEMENT OF OPERATIONS
                                    Unaudited
                            For the six months ended

                                                     June 30,        June 30,
                                                       1999            2000
                                                      -------
Revenue                                                $-0-            $-0-

Costs of goods sold                                     -0-             -0-

Gross profit                                            -0-             -0-

Operations:
  General and administrative                          27,323          4,500
  Depreciation and  amortization                         -0-            -0-
  Total expense                                       27,323          4,500

Loss  from operations                                 27,323)        (4,500)


Net income (loss)                                     (27,323)      $(4,500)

Net income (loss)  per share -basic                  $     (0.00)    $   (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 six months ended

                                                        June 30,        June 30,
                                                          1999            2000
                                                        ---------      ---------
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                    $(27,323)       $(4,500)

  Accounts payable and accrued expenses                   4,500          4,500
                                                        -------          ------
TOTAL CASH FLOWS FROM OPERATIONS                        (22,823)           -0-

CASH FLOWS FROM FINANCING ACTIVITIES
  Officer loan payable                                   22,201         (3,857)
TOTAL CASH FLOWS FROM FINANCING ACTIVITIES               22,201         (3,857)

TOTAL CASH FLOWS FROM INVESTING ACTIVITIES

NET INCREASE (DECREASE) IN CASH                            (622)        (3,857)
CASH BALANCE BEGINNING OF PERIOD                            622          5,988
CASH BALANCE END OF PERIOD                                  $-0-       $ 2,131
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>

                               Common Stock  Common Stock    Additional      Accumulated
Date                                                       paid in capital    Deficit        Total

<S>                            <C>           <C>         <C>                 <C>             <C>

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

Net loss                                                                          (49,162)   $(49,162)

Balances December 31, 1999       7,686,025       7,686       1,168,110         (1,091,333)    $84,463
Unaudited
Net loss                                                                           (4,500)     (4,500)

Balances June 30, 2000           7,686,025       7,686       1,168,110        $ 1,095,833     $79,963

</TABLE>




                                        7

<PAGE>

                              ICT TCHNOLOGIES, INC.
                          NOTES TO FINANCIAL STATEMENTS

                                  JUNE 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 six months  ended June 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 six month periods through June 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 June 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 June 30,  2000,  the Company has net
operating loss carry forwards for income tax purposes of $1,095,833. 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 June 30,
2000 are as follows:

         Deferred tax asset:
         Net operating loss carry forward                             $ 372,583
         Valuation allowance                                          $(372,583)
         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 June 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 June 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 SIX MONTHS
ENDED JUNE 30, 1999 AND 2000

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

     This  prospectus  contains  forward  looking  statements  relating  to  our
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.

                                       9
<PAGE>

     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  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 six months ended June 30, 2000 as compared to
the six months ended June 30, 1999.

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

     The Company's  general and  administrative  costs aggregated  approximately
$4,500 for the six months ended June 30, 2000 as compared to $27,323 for the six
months  ended June 30, 1999  representing  a decrease  of  $22,823.  General and
administrative expenses for June 30, 2000 represent $1,500 in accrued salary for
Mr. Shainberg and and accrual of $750 for rent.

Liquidity and Capital Resources.

     The Company  increased  cash from $2,131 at June 30, 2000 to a cash balance
of $5,988 at December 31, 1999. Working capital at June 30, 2000 was negative at
$70,037. For the six months ended June 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  $55,668.  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.

                                       10
<PAGE>

         Year 2000 Issues

     The Company has  completed  its  assessment  of Year 2000  compliance  with
respect to its  products  that are  currently  being sold to  customers  and has
concluded that all significant products are compliant.  As of June 30, 2000, the
Company did not experience any setback in operating  plans resulting from a Year
2000 problem.

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

                                        9
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