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 March 31, 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
of incorporation  or  organization)                      Identification No.)




                                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. N/A

     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.
                 MARCH 31, 2000 QUARTERLY REPORT ON FORM 10-QSB
                               TABLE OF CONTENTS


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  March  31,  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 March 31, 2000 and December 31, 1999..................... 4
Statement of Operations for the three months ended March 31, 2000 and 1999... 5
Statement of Cash Flows for the three months ended March 31, 2000 and 1999... 6
Statement of Stockholders' Equity for the three months ended March 31, 2000.. 7
Notes to Consolidated Financial Statements................................... 8



                                     PART I
                              FINANCIAL INFORMATION

     Item 1. Financial Statements

     The  condensed  financial  statements  for the periods ended March 31, 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 March 31, 2000,  and the results of operations and
cash flows for the six month periods ended March 31, 1999 and 2000.

     The  Company's  results  of  operations  during  the  three  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.



                                       3
<PAGE>

                             ICT TECHNOLOGIES, INC.
                                  BALANCE SHEET
                                                                   March 31,
                                                 December 31,        2000
                                                    1999          Unaudited
                                                 ------------    ------------
                                     Assets
Current assets
  Cash                                            $  5,988        $  7,000
                                                    -------         -------
  Total current assets                               5,988           7,000


Other assets
  Equity investment                                150,000         150,000
                                                   --------        --------
  Total other assets                               150,000         150,000

Total assets                                      $155,988        $157,000
                                                  =========       =========


                      Liabilities and Stockholders' Equity

Current liabilities
  Accrued expenses                               $  12,000       $  14,250
  Officer loan payable                              59,525          60,537
                                                 ----------      ----------
  Total current liabilities                         71,525          74,787


Stockholders' equity
  Common Stock authorized 10,000,000 shares,
  $0.001  par value   each                           7,686           7,686

At December 31, 1999 and March 31, 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)     (1,093,583)
                                                -----------     -----------
Total stockholders' equity                          84,463          82,213
                                                -----------     -----------
Total liabilities and stockholders' equity        $155,988        $157,000
                                                ===========     ===========


                 See accompanying notes to financial statements.




                                       4
<PAGE>

                             ICT TECHNOLOGIES, INC.
                             STATEMENT OF OPERATIONS
                                    Unaudited


                                             For the three    For the three
                                              months ended     months ended
                                             March 31, 1999   March 31, 2000
                                             --------------   ---------------

Revenue                                           $  -0-            $  -0-

Costs of goods sold                                  -0-               -0-
                                                    -----             ----

Gross profit                                         -0-               -0-

Operations:
  General and administrative                      12,290             2,250
  Depreciation and amortization                      -0-               -0-
                                                   ------            ------
  Total expense                                   12,290             2,250

Loss from operations                             (12,290)           (2,250)



Net income (loss)                               $(12,290)          $(2,250)
                                                =========          ========

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

                 See accompanying notes to financial statements.


                                       5
<PAGE>

                             ICT TECHNOLOGIES, INC.
                             STATEMENT OF CASH FLOWS
                                    Unaudited

                                                    For the          For the
                                                  three months     three months
                                                     ended            ended
                                                    March 31,        March 31,
                                                      1999             2000
                                                  ------------    ------------
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                $ (12,290)      $  (2,250)
Adjustments to reconcile net loss
to cash used in operating activities
  Shares issued for accrued salaries
  Depreciation
  Accounts payable and accrued expenses                2,250           2,250
                                                    ---------       ---------
TOTAL CASH FLOWS FROM OPERATIONS                     (10,040)            -0-

CASH FLOWS FROM FINANCING ACTIVITIES
  Officer loan payable                                10,081           1,012
                                                    ---------       ---------
TOTAL CASH FLOWS FROM FINANCING ACTIVITIES            10,081           1,012

TOTAL CASH FLOWS FROM INVESTING ACTIVITIES

NET INCREASE (DECREASE) IN CASH                           41           1,012
CASH BALANCE BEGINNING OF PERIOD                         622           5,988
                                                    ---------       ---------
CASH BALANCE END OF PERIOD                           $   663        $  7,000
                                                    =========       =========
Supplemental disclosure of cash flow information
  Cash paid for interest                                 $-0-           $-0-
  Cash paid for income taxes                             $-0-           $-0-



                 See accompanying notes to financial statements.



                                       6
<PAGE>

                             ICT TECHNOLOGIES, INC.
                        STATEMENT OF STOCKHOLDERS EQUITY
<TABLE>
<CAPTION>


                               Common Stock   Common Stock  Additional paid  Accumulated
Date                                                          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                                                                           (2,250)      (2,250)
                                -----------    ---------     ----------        ------------     -------

Balances March 31, 2000          7,686,025       7,686       $1,168,110        $1,093,583      $82,209
                                ==========     =========     ==========       ===========      ========
</TABLE>



                 See accompanying notes to financial statements.



                                       7
<PAGE>
                              ICT TECHOLOGIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 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 March 31, 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  three  month  periods  through  March  31,  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 March 31,
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 March 31, 2000,  the Company has net operating  loss carry  forwards for
income tax purposes of  $1,093,583.  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 March 31, 2000 are as
follows:

     Deferred tax asset:
     Net operating loss carry forward                              $ 371,818
     Valuationallowance                                            $(371,818)
                                                                   ----------
     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 March 31, 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 F - 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 March 31,  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 THREE
                      MONTHS ENDED MARCH 31, 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.  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.

                                       9
<PAGE>

     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 three months ended March 31, 2000 as compared to
the three months ended March 31, 1999.

     For the three months ended March 31, 2000, the Company  generated net sales
of $-0- as compared  to $-0-for  the three  months  ended  March 31,  1999.  The
Company's  cost of goods sold for the three months ended March 31, 2000 was $-0-
as compared to $-0- to for the three months ended March 31, 1999.  The Company's
gross  profit on sales was  $-0-for  the three  months  ended  March 31, 2000 as
compared to $-0-for the three months ended March 31, 1999.

     The Company's  general and  administrative  costs aggregated  approximately
$2,250 for the three  months ended March 31, 2000 as compared to $12,290 for the
three months ended March 31, 1999  representing  a decrease of $10,040.  General
and administrative expenses for June 30, 2000 represent $3,000 in accrued salary
for Mr.  Shainberg  and and accrual of $1,500 for rent. . Liquidity  and Capital
Resources.

     The  Company  increased  cash from  $7,000  at March  31,  2000 from a cash
balance of $5,988 at December  31, 1999.  Working  capital at March 31, 2000 was
negative at $67,787.  For the three months ended March 31, 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
$60,537.  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

     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 March 31, 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.



Dated: October 2, 2000


                            ICT TECHNOLOGIES, INC.
                            By: /s/ Joshua Shainberg
                                -------------------------
                                Joshua Shainberg,
                                  President and Director

Dated: October 2, 2000

                            By: /s/ Bindiya Moorjani
                                --------------------------
                                Bindiya Moorjani Ph.D.,
                                  Secretary, Treasurer and Director




                                       12
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