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, 2002

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

         For the transition period from -------------- to -------------

                        Commission file number 000-29805

                             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)

                             ICT Technologies, Inc.
                   33 W Main Street, Elmsford, New York 10523
                                 (914) 592-1700

              (Address and telephone number of principal executive
             offices, principal place of business, and name, address
                              and telephone number)


Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 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 November 11, 2002 there were
92,043,492  shares of common stock issued and  outstanding.  Transitional  Small
Business Disclosure Format (Check one): Yes [ ] No [X]


<PAGE>


                             ICT TECHNOLOGIES, INC.
               September 30, 2002 QUARTERLY REPORT ON FORM 10-QSB
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                 Page Number

<S>                                                                                                     <C>
Special Note Regarding Forward Looking Information                                                      3

PART I - FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements                                                               3
Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations                                                                                  12
Item 3. Quantitative and Qualitative Disclosures About Market Risk                                     14
Item 4:  Controls and Procedures                                                                       14

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.                                                                             15
Item 2. Changes in Securities and Use of Proceeds                                                      15
Item 3. Defaults Upon Senior Securities                                                                15
Item 4. Submission of Matters to a Vote of Security Holders                                            15
Item 5. Other Information                                                                              15
Item 6. Exhibits and Reports on Form 8-K                                                               15
</TABLE>


<PAGE>

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, 2002 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.


                         PART I - FINANCIAL INFORMATION

ITEM 1.  CONSOLIDATED FINANCIAL STATEMENTS

The consolidated  financial  statements  included herein, are unaudited and have
been prepared in accordance with accounting principles generally accepted in the
United  States for interim  financial  reporting  and SEC  regulations.  Certain
information and footnote disclosures normally included in consolidated financial
statements prepared in accordance with accounting  principles generally accepted
in the United States have been  condensed or omitted  pursuant to such rules and
regulations.  In the  opinion  of our  management,  the  consolidated  financial
statements  reflect all adjustments (of a normal and recurring nature) which are
necessary to present  fairly the financial  position,  results of operations and
cash flows for the interim periods.

The results for the three and  nine-month  periods ended  September 30, 2002 are
not  necessarily  indicative  of the results  that may be expected  for the year
ending December 31, 2002. The consolidated 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 I0-KSB for the fiscal year ended
December 31, 2001.

<PAGE>



                        REPORT OF INDEPENDENT ACCOUNTANTS

To the Shareholders and Directors of
ICT Technologies, Inc:

I have reviewed the accompanying consolidated balance sheet of ICT Technologies,
Inc.,  as of September  30, 2002,  and the related  consolidated  statements  of
operations and of cash flows for the three and nine-month period ended September
30, 2002.  These financial  statements are the  responsibility  of the Company's
management.

I have  conducted my review in  accordance  with  standards  established  by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with auditing standards  generally accepted in the United States, the
objective  of which is the  expression  of an opinion  regarding  the  financial
statements taken as a whole. Accordingly, I do not express such an opinion.

Based on my review, I am not aware of any material  modifications that should be
made to the accompanying interim financial statements referred to above for them
to be in conformity with generally accepted accounting principles.

The 2001  financial  statements  were  previously  audited  in  accordance  with
generally  accepted auditing standards by another  accountant.  The accompanying
financial  statements were prepared assuming that ICT  Technologies,  Inc. would
continue as a going concern.  As more fully described in Note E, the Company has
incurred  operating  losses since the date of inception and requires  additional
capital to continue  operations.  These conditions raise substantial doubt about
the Company's ability to continue as a going concern.  Management's  plans as to
these matters are  described in Note E. The financial  statements do not include
any  adjustments  to reflect  the  possible  effects on the  recoverability  and
classification of assets or the amounts and  classifications of liabilities that
may result from the possible inability of ICT Technologies,  Inc. to continue as
a going concern. In the former accountant's  opinion,  the accompanying  balance
sheet  information  as of December 31, 2001, is fairly  stated,  in all material
respects in relation to the balance sheet from which it has been derived.




Edward R. Engels, Certified Public Accountant,
Pelham, New York
November  13,  2002,  except  for  Note F -  Subsequent  Events,  which is dated
November 14, 2002

<PAGE>
                          ICT Technologies, Inc.

                       CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                                     September 30,        Dec. 31,
                                                                                    ------------------------------------
                                  ASSETS                                                  2002              2001
                                  ------                                            -----------------  -----------------
                                                                                      (Unaudited)
<S>                                                                                           <C>                   <C>
Current Assets:
     Cash & cash equivalents                                                                  $3,981                $0
     Accounts receivable                                                                     277,360                 0
     Inventory                                                                               346,044            90,090
     Security deposits                                                                        80,000                 0
                                                                                    -----------------  -----------------

             Total Current Assets                                                            707,385            90,090

Other Assets:
     Fixed assets, net of depreciation                                                       128,913                 0
                                                                                    -----------------  ----------------

             Total Other Assets                                                              128,913                 0
                                                                                    -----------------  ----------------
          Total Assets                                                                      $836,298           $90,090
                                                                                    =================  =================


                    LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities:
     Accounts payable and accrued expenses                                                  $223,473           $49,178
     Due to stockholders                                                                     777,870           122,670

          Total Current Liabilities                                                        1,001,343           171,848

Stockholders' Equity (Deficit):
     Preferred  stock -  10,000,000  shares  authorized,  $0.001  par value each
     share. At September 30, 2002 and December 31,2001 the number of shares
     outstanding was -0- and -0- respectively                                                      0                 0

     Common stock - 200,000,000 shares authorized,  $0.001 par value each share.
     At  September  30,  2002 and  December  31,2001  there are  92,041,967  and
     7,686,025
     shares outstanding respectively                                                          92,042             7,686

     Additional paid-in-capital                                                            1,288,016         1,168,110

     (Deficit) Retained earnings                                                         (1,545,103)       (1,257,554)
                                                                                    -----------------  -----------------

          Total Stockholders' Equity (Deficit)                                             (165,045)          (81,758)
                                                                                    -----------------  -----------------

          Total Liabilities & Stockholders' Equity                                          $836,298           $90,090
                                                                                    =================  =================
</TABLE>


See Accountants' Review  Notes to Financial Statements

<PAGE>


                                              ICT Technologies, Inc.

                                        Consolidated Statement of Operations

<TABLE>
<CAPTION>
                                                       for the three    for the three       for the nine       for the nine
                                                       months ended     months ended        months ended       months ended
                                                       September 30,    September 30,       September 30,      September 30,
                                                           2002            2001*               2002                2001*
                                                       --------------   --------------     ---------------     --------------
                                                        (Unaudited)      (Unaudited)        (Unaudited)         (Unaudited)

<S>                                                     <C>               <C>               <C>               <C>
            Revenue                                     $    299,560      $          0      $    299,560      $          0

            Cost of goods sold                               192,952                 0           192,952                 0
                                                        ------------      ------------      ------------      ------------

            Gross profit                                     106,608                 0           106,608                 0

            Operating expenses:
               General and administrative                    244,288                 0           351,654                 0
                                                        ------------      ------------      ------------      ------------

            Total expenses                                   244,288                 0           351,654                 0
                                                        ------------      ------------      ------------      ------------

            Loss from operations                            (137,680)                0          (245,046)                0

            Loss from discontinued operations (Note G)       (42,503)              (67)          (42,503)          (51,494)
                                                        ------------      ------------      ------------      ------------

            Net income (loss)                           ($   180,183)     ($        67)     ($   287,549)     ($    51,494)
                                                        ============      ============      ============      ============

            Net loss from continued operations on       ($      0.00)            (0.00)     ($      0.01)     $       0.00
            per share basis                             ============      ============      ============      ============

               Net loss on per share basis              ($      0.00)     ($      0.00)     ($      0.01)     ($      0.01)
                                                        ============      ============      ============      ============

            Weighted average number of shares             92,025,573         7,686,025        30,561,999         7,686,025
            outstanding                                 ============      ============      ============      ============
</TABLE>


             *Reclassified to conform with 2002 presentation

             See Accountants' Review  Notes to Financial Statements



<PAGE>



             ICT Technologies, Inc.

    Consolidated Statement of Stockholders
                     Equity
                  (Unaudited)




<TABLE>
<CAPTION>
                                                                                    Additional    (Deficit)/      Total
                                                 Number of                            paid in       retained
                      Date                        shares         Common stock         capital       earnings
   ------------------------------------------- --------------   ----------------    ------------ ------------  ------------

<S>                                   <C>          <C>                   <C>         <C>         <C>             <C>
                     Balances January 1, 2002      7,686,025             $7,686      $1,168,110  ($1,257,554)    ($81,758)

                            New Shares Issued     84,355,942             84,356         119,906                    204,262

                           Unaudited Net Loss              -                  -               -    (287,549)     (287,549)
                                               --------------   ----------------    ------------ ------------  ------------

                  Balances September 30, 2002     92,041,967            $92,042      $1,288,016  ($1,545,103)   ($165,045)
</TABLE>


   See Accountants' Review  Notes to
   Financial Statements


<PAGE>



                 ICT Technologies, Inc.

            Consolidated Statement of Cash Flows for the Nine Months Ended

<TABLE>
<CAPTION>
                                                          September 30,          September 30,
                                                               2002                  2001*
                                                       ---------------------  ---------------------
                                                           (Unaudited)
(Unaudited)

<S>                                                          <C>                      <C>
Cash Flows from Operating Activities

Net Income(loss) from Continuing Operations                  ($245,046)               $       0

Adjustment to reconcile net loss to cash used
  in operating activities:

Depreciation                                                     3,087
Inventory                                                     (255,954)                       0
Accounts receivable                                           (277,360)                       0
Security deposits                                              (80,000)                       0
Accounts payable and accrued expenses                          174,295                        0
                                                             ---------                ---------

   Net cash provided (used) by operating activities           (680,978)                       0
from continued operations

   Net cash provided (used) by operating activities            (42,503)                   8,666
from discontinued operations
                                                             ---------                ---------

   Net cash provided (used) by operating                      (723,481)                   8,666
activities
                                                             ---------                ---------

Cash Flows from Investing Activities
   Purchase of fixed assets                                   (132,000)                       0
                                                             ---------                ---------

   Net cash provided (used) by investing activities           (132,000)                       0

Cash Flows from Financing Activities

   (Decrease) Due to stockholders                              655,200                  (67,176)

   Proceeds from private sale of company stock                 204,262                        0

   Net cash provided (used) by financing activities            859,462                  (67,176)
                                                             ---------                ---------

   Net increase (decrease) in cash                               3,981                  (58,510)

   Cash & cash equivalents at beginning of year                      0                   58,547
                                                             ---------                ---------

   Cash & cash equivalents at end of period                  $   3,981                $      37
                                                             =========                =========

Schedule of Interest & Income Taxes Paid

Interest paid                                                        0                        0
Income taxes paid                                            $       0                $   2,555
</TABLE>



      *Reclassified to conform with 2002 presentation

      See Accountants' Review  Notes to Financial Statements
<PAGE>





                             ICT TECHNOLOGIES, INC.
                          NOTES TO FINANCIAL STATEMENTS

NOTE A--BASIS OF PRESENTATION

The accompanying  unaudited consolidated financial statements have been prepared
in  accordance  with  generally   accepted   principles  for  interim  financial
information; and include the consolidated accounts of ICT Technologies, Inc. and
its wholly owned subsidiaries:  EuroPhone USA, LLC; Eurokool, Inc. and EuroSpeed
Inc. As described in Note G, the Company's  former art gallery business line has
ceased  operations  and the  results  of which  are  presented  as  discontinued
operations.  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" or "ICT") for the three and nine months ended  September 30, 2002
are not  necessarily  indicative  of the results  that may be  expected  for the
fiscal year ending December 31, 2002.

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
and nine-month periods ended September 30, 2002 and 2001, 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  consequence  of those
differences,  which will  either be taxable  or  deductible  when the assets and
liabilities are recovered or settled.  As of September 30, 2002, 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, 2002,  the Company had net operating  loss carry  forwards for
income tax purposes of  $1,545,103.  These carry forward losses may be available
to offset  future  taxable  income,  if any,  and expire in the year  2010.  The
availability  to offset  future  income  taxes are  limited  by of the  Internal
Revenue Code of 1986 due to change of control of the company.


<PAGE>


The  components  of the net deferred  tax asset as of September  30, 2002 are as
follows:

                  Deferred tax asset:
                  Net operating loss carry forward         $  525,335
                  Valuation allowance                      $ (525,335)
                                                           -----------
                  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, 2002.  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.

NOTE D - COMMITMENTS AND CONTINGENCIES

a. Lease agreements

The Company  occupies  office space at Crossroads  Plaza at 33 West Main Street,
2nd Floor, Elmsford, New York 10523 which it subleases from Europhone USA, Inc.,
a related party  controlled  principally by Vasilios  Koutsobinas,  the majority
owner of ICT.  The monthly  rental is $10,000.  The lease  expires  December 31,
2004. Accordingly, total lease commitments remaining are $270,000.


NOTE E - GOING CONCERN

The accompanying  unaudited  financial  statements have been prepared on a going
concern basis, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business. The Company incurred net losses
of $1,545,103 for the period from inception,  February 8, 1994, to September 30,
2002. These factors indicate that the Company's  continuation as a going concern
is dependent upon its ability to have positive cash flows from  operations.  The
Company's  current  capital  requirements  have  been met by  advances  from Mr.
Koutsobinas,  the Company's CEO and principal shareholder, and his affiliates as
the needs  occur.  The  Company's  future  capital  requirements  will depend on
numerous  factors  including,  but not  limited  to,  continued  progress in its
selling  capabilities  and implementing  its marketing  strategies.  The Company
plans to engage in ongoing financing efforts on a continuing basis

NOTE F - SUBSEQUENT EVENTS

Subsequent  to the  date  of the  financial  statements,  the  Company  did  the
following:

In  November  2002 the Company  issued  76,500  shares of its common  stock in a
private  placement  that was exempt from the  registration  requirements  of the
Securities  Act of 1933 pursuant to Rule 506  promulgated  thereunder.  Of these
shares,  71,500  were sold for $1.00 per share,  and then later in the  offering
5,000 shares were sold for $2.00 per share. The Company received net proceeds of
$81,500 from such offering out of gross proceeds of $81,500.


NOTE G - DISCONTINUED OPERATIONS

On September  30, 2002,  ICT  Technologies,  Inc.  discontinued  its art gallery
business  line.  The income  (loss) from  discontinued  operations  includes the
write-off of inventory which Management believes has di minimus value along with
associated liabilities.


 NOTE G - DISCONTINUED OPERATIONS- (Cont'd)

<TABLE>
<CAPTION>
                                                                Three months ended                Nine months ended
                                                                  September 30,                     September 30,
                                                                  -------------                     -------------
                                                              2002            2001               2002            2001
                                                              ----            ----               ----            ----
<S>                                                        <C>              <C>              <C>              <C>
Art gallery revenue                                        $      0         $      0         $      0         $ 15,215

Cost of goods sold                                                0                0                0           11,410
                                                           --------         --------         --------         --------

Gross profit                                                      0                0                0            3,805

General and administrative expenses                            1591               67             1591           55,299
                                                           --------         --------         --------         --------

Loss from discontinued operations (net of taxes)           ($ 1,591)        ($    67)        ($ 1,591)        ($51,494)

Income (loss) on disposal of art gallery business           (40,912)               0          (40,912)               0
                                                           --------         --------         --------         --------

Total Income from discontinued operations                  ($42,503)        ($    67)        ($42,503)        ($51,494)
                                                           ========         ========         ========         ========

</TABLE>



In August 2001, the FASB issued SFAS 144, which addresses  financial  accounting
and  reporting  for  the  impairment  or  disposal  of  long-lived   assets  and
discontinued operations. SFAS No. 144 supersedes SFAS No. 121 and the accounting
and reporting  provisions of  Accounting  Principles  Board Opinion No. 30 ("APB
30") for the disposal of a segment of a business. SFAS No. 144 retains the basic
principles  of SFAS No. 121 for  long-lived  assets to be disposed of by sale or
held and used and modifies the accounting and disclosure  rules for discontinued
operations.

In June 2002,  the FASB issued SFAS No. 146,  "Accounting  for Costs  Associated
with Exit or Disposal Activities",  which addresses significant issues regarding
the  recognition,  measurement,  and reporting of costs that are associated with
exit  and  disposal  activities,  including  restructuring  activities  that are
currently  accounted for pursuant to the guidance that the Emerging  Issues Task
Force ("EITF") has set forth in EITF Issue No. 94-3, "Liability  Recognition for
Certain  Employee  Termination  Benefits  and  Other  Costs to Exit an  Activity
(including  Certain Costs Incurred in a  Restructuring)".  This pronouncement is
effective for exit or disposal  activities that are initiated after December 31,
2002, and requires  these costs to be recognized  when the liability is incurred
and not at project initiation.


<PAGE>



       ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                 AND RESULTS OF OPERATIONS - SEPTEMBER 30, 2002


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

Business activities.

The Company completed its acquisition of certain assets from EuroPhoneUSA,  Inc.
during the three months  ended  September  30,  2002.  In return for issuing the
shares to EurophoneUSA,  Inc., ICT received assets from  EurophoneUSA,  Inc. and
related  companies,  as described  below.  The purpose was to convert ICT into a
distribution  company,  initially for telecom  products,  air  conditioners  and
motorcycles.   The  assets   acquired  are  to  be  organized  as  wholly  owned
subsidiaries:   EuroPhoneUSA,   LLC;   Eurokool,   Inc.  and  EuroSpeed,   Inc.,
respectively, which will comprise the "EuroGroup of Companies."

The Company had formerly been involved with a New York  City-based  art gallery,
and had  previously  severed  such  relationship.  As  described  in Note G, the
Company's former art gallery business line has ceased operations and the results
of which are presented as discontinued  operations.  The Company's main focus is
to concentrate its efforts on the new acquisitions described below.

On May 13, 2002, ICT  Technologies,  Inc. issued 78 million shares of its common
stock to EurophoneUSA, Inc.USA, Inc. in return for EurophoneUSA, Inc.'s entering
into an  agreement  to  transfer  certain  assets to ICT.  After  the  issuance,
EurophoneUSA,   Inc.   owned   85%   of  the   outstanding   common   stock   of
ICT.EurophoneUSA,  Inc.  is  wholly  owned  by  Mr.  Vasilios  Koutsobinas,  and
EurophoneUSA,  Inc.  immediately  distributed  68  million  shares  to him.  The
conveyance of assets to ICT closed in July 2002.

The  purpose of the  issuance  was to convert ICT into a  distribution  company,
initially for telecom products, air conditioners and motorcycles.  In return for
issuing the shares to EurophoneUSA, Inc., ICT received assets from EurophoneUSA,
Inc. and related companies, as described below.

EurophoneUSA,  Inc. assigned to ICT all of its right,  title and interest in and
to an  exclusive  distribution  agreement  dated June 9, 2002,  with Ningbo Bird
Corporation  Ltd., a corporation  organized under the laws of and doing business
in the Peoples Republic of China.  Ningbo manufactures mobile phones in Fenghua,
Zhejiang. The agreement gives ICT the exclusive right to distribute these mobile
phones  for so long as ICT  purchases  at least  30,000  phones per month and at
least 400,000  phones each year.  ICT has ordered 40,000 phones for the month of
July.  The prices of the phones are  adjusted  each  quarter by agreement of the
parties.  EurophoneUSA,   Inc.  will  contribute  2  1/2  million  GSM  cellular
telephones and 32 million GSM SIM card chips to ICT as soon as  manufacturing is
completed  under the exclusive  distribution  agreement dated June 9, 2002, with
Ningbo Bird  Corporation  Ltd., a  corporation  organized  under the laws of and
doing business in the Peoples Republic of China.

EurophoneUSA, Inc. also assigned to ICT all its right, title and interest in and
to  an  exclusive   distribution   agreement   dated  July  1,  2002  with  9278
Communication,  Inc.,  a  corporation  organized  under  the  laws of and  doing
business in New York. EurophoneUSA,  Inc. has a campaign called the 9278 Program
to market,  distribute  and sell air time in long  distance  telephone  services
activated  by  individual  personal  identification  numbers.  Pursuant  to  the
assigned agreement,  9278 acts as the exclusive  distributor of prepaid air time
for EurophoneUSA, Inc. for the 9278 Program.

EurophoneUSA,  Inc. assigned to ICT all its right,  title and interest in and to
an exclusive  agreement  dated December 29, 2001 (the term of which commenced on
February 1, 2002) with Giantco,  Limited, a corporation organized under the laws
of Hong Kong,  Special  Administrative  Region of the Peoples Republic of China.
Giantco  manufactures  motorcycles  in  factories  in the PRC.  Pursuant to this
agreement,  ICT is the exclusive distributor for Giantco motorcycles  world-wide
and  must  purchase  at least  30,000  motorcycles  per year and at least  2,000
motorcycles  per  month.  These  minimum  requirements  have been  stayed  until
September 2002. ICT will market the motorcycles under the trade name Eurospeed.

EurophoneUSA, Inc. assigned to ICT all its right, title and interest in and to a
sole agent  agreement  dated dated  December 29, 2001 with  Guangdong  Chigo Air
Conditioning  Co.,  Ltd.   Guangdong  Chigo  manufactures  air  conditioners  in
Guangdong, PRC in a factory that employs 8,000 workers. Guangdong Chigo produces
3 million air  conditioners  each year and is one of China's largest  world-wide
distributors  of  air  conditioners.  Pursuant  to  this  agreement,  ICT is the
exclusive  distributor for Guandong Chigo's products in North, South and Central
America and parts of Europe.  ICT is  obligated to purchase a minimum of 200,000
air  conditioners  in  the  year  ending  January  31,  2003,  and  300,000  air
conditioners  in each year ending on January 31 thereafter  until 2007, when the
contract  expires.  Minimum amounts for each year are divided equally among each
month in the  year.  The  failure  to meet any  month's  minimum  could  lead to
cancellation of the agreement by Guandong Chigo. These minimum requirements have
been  stayed  until  September  2002.  ICT is  required  to  advertise  the  air
conditioners in a reasonable fashion.

All prices for the foregoing contracts are fixed and settled in US Dollars.  All
suppliers under the contracts require letters of credit to ship goods. ICT plans
to secure these  letters of credit for the benefit of suppliers  with letters of
credit  obtained  from the  customers  to whom the  goods are  ultimately  to be
delivered.

ICT  has  entered  into  an  agreement  with   EurophoneUSA,   Inc.  that  makes
EurophoneUSA,  Inc.  the  purchasing  agent for ICT for  telecom  products,  air
conditioner  and  motorcycles.  Using its experience in the area,  EurophoneUSA,
Inc.  will place orders as agent for ICT. ICT will  coordinate  shipments to ICT
customers  and  ICT  will  receive  payment  for the  goods  directly  from  the
customers.  ICT will pay  EurophoneUSA,  Inc.  a  portion  of the  gross  profit
realized on sales of its products to be agreed upon in the future.

We have not yet  generated  sufficient  revenues to fund our  ongoing  operating
expenses, or fund our marketing plans and product development activities.  There
can be no assurance that  development  of our marketing  plans will be completed
and fully  implemented in a timely manner and within our budget  constraints and
that our marketing research will provide us a profitable path.

Results of operations  for the nine months ended  September 30, 2002 as compared
to the nine months ended September 30, 2001.

For the nine months ended September 30, 2002, we generated  $299,560 in revenues
($193,560  in  telecommunication  sales and $106,000  from its air  conditioning
sales business) as compared to $-0- from continuing  operations  revenue for the
nine months  ended  September  30, 2001.  The company only  acquired its current
operations in the current  quarter.  Revenues  from the  Company's  discontinued
operations  were  $15,215 for the nine  months  ended  September  30,  2001.  As
described in Note G, the Company's  former art gallery  business line has ceased
operations  and the results of which are presented as  discontinued  operations.
Our cost of goods sold for the nine months ended September 30, 2002 was $192,952
as compared  to  continuing  operations  cost of goods sold of $-0- for the same
period in 2001. The net gross profit from continuing operations was $106,608 for
the nine months ended September 30, 2002.  Cost of goods sold from  discontinued
operations were $11,400 for the nine months ended September 30, 2001,  netting a
gross profit from  discontinued  operations  of $3,805 for the nine months ended
September 30, 2001.

Our general and  administrative  costs  aggregated  $351,654 for the nine months
ended  September  30,  2002 as  compared  to $ -0- from  continuing  operations.
General and administrative  costs from discontinued  operations were $55,232 for
the nine months ended  September 30, 2001.  Increases in these expenses were the
result of costs involved with the new business acquisitions discussed above.


Liquidity and Capital Resources.

Our cash balance  increased to $3,981 at September  30, 2002 from a cash balance
of $-0- at December 31, 2001  representing  an increase of $3,981.  For the nine
months  ended  September  30, 2002 working  capital was provided by  management.
Vasilios  Koutsobinas,  the  Company's  CEO and majority  stockholder,  advanced
$450,000  on  July 3,  2002  to fund  the  operations  for  the  newly  acquired
businesses  described in the business  activities of Item 2. Additional advances
from Mr.  Koutsobinas and his affiliates to fund  operations  during the quarter
totaled $311,314 in the form of deferral of payables due his affiliates. All the
advances from Mr.  Koutsobinas to the Company are repayable upon demand and bear
interest at a nominal  rate of  interest to be approved by future  action of the
board of directors. In November 2002, the Company raised net proceeds of $81,500
from the issuance and sale of 71,500 shares of its common stock at $1 per share,
and then later 5,000 shares at $2 per share.

At September 30, 2002,  the Company's  cash balance was $3,981.  This balance is
inadequate to meet the Company's needs in the near future. Because the Company's
operations are using cash rather than producing  positive cash flow, the Company
will  have to raise  additional  capital  in the near  term in order to meet its
routine  operating  expenses.  There is no  assurance  that such  financing,  if
required, will be available to the Company on terms satisfactory to it or on any
terms at all. If the Company raises additional  capital at this time through the
issuance  of  additional  equity,  the current  shareholders  of the Company may
experience substantial dilution.

Mr.  Koutsobinas  has  indicated to the Company that he or his  affiliates  will
continue to advance funds to the Company at least through the end of the year to
allow the Company to pay its operating  expenses.  There is no binding agreement
of Mr. Koutsobinas to do so, however,  and his financial ability to provide such
advances is unknown to the Company.


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not Applicable.

ITEM 4.  CONTROLS AND PROCEDURES

Mr. Vasilios  Koutsobinas,  the Company's Chief  Executive  Officer,  and Andrew
Eracleous,   the  Company's   Chief  Financial   Officer,   have  evaluated  the
effectiveness of the Company's  disclosure  controls and procedures as of a date
within 90 days before the filing date of this quarterly report.  Based upon that
evaluation, they have concluded that the Company has in place controls and other
procedures that are designed to ensure that information required to be disclosed
by the  Company in the  reports  that it files or submits  under the  Securities
Exchange Act of 1934 is recorded, processed,  summarized and reported within the
time  periods  specified  in the SEC's  rules and  forms.  Since the date of the
evaluation,  there have been no  significant  changes in the Company's  internal
controls or in other factors that could significantly affect these controls.



<PAGE>


                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS
None.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

On November 14, 2002 the Company  issued  76,500 shares of its common stock in a
private  placement  that was exempt from the  registration  requirements  of the
Securities  Act of 1933 pursuant to Rule 506  promulgated  thereunder.  Of these
shares,  71,500  were sold for $1.00 per share,  and then later in the  offering
5,000 shares were sold for $2.00 per share. The Company received net proceeds of
$81,500 from such offering out of gross proceeds of $81,500.

During the quarter ended September 30, 2002, the Company issued 98,100 shares of
common stock to various individuals in lieu for services rendered.

ITEM 3.  DEFAULTS IN SENIOR SECURITIES

None.

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

None.

ITEM 5.  OTHER INFORMATION

In October 2002, Ms. Bindiya Moorjani resigned as an officer and director of the
Company.  In November 2002,  Mr. Andrew  Eracleous was appointed to the board of
directors,  and elected as  Secretary,  Treasurer  and Chief  Financial  Officer
(principal financial and accounting officer)


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits

Exhibit Number             Exhibit Description
--------------             -------------------

3.1                           Certificate of Incorporation of ICT  Technologies,
                              Inc.,   dated  May  27,  1999   (incorporated   by
                              reference  to the  exhibit  filed  as  part of the
                              Company's  registration  statement  on Form  10-SB
                              filed  on  March  6,  2000  (Commission  File  No.
                              0-29805).

3.2                           Amendment to Certificate of  Incorporation  of ICT
                              Technologies,    Inc.    dated   March   6,   2002
                              (incorporated by reference to the exhibit filed as
                              part of the Company's annual report on Form 10-KSB
                              filed on April 29, 2002).

3.3                           Bylaws  of ICT  Technologies,  Inc.  dated May 28,
                              1999  (incorporated  by  reference  to the exhibit
                              filed  as  part  of  the  Company's   registration
                              statement  on Form  10-SB  filed on March 6,  2000
                              (Commission File No. 0-29805).

10.1                          Distribution  Agreement  dated June 9, 2002 by and
                              among Ningbo Bird  Corporation  and  EurophoneUSA,
                              Inc.

10.2                          Distribution  Agreement  dated July 1, 2002 by and
                              among 9272  Communication,  Inc. and EurophoneUSA,
                              Inc.
10.3
                              Distribution  Agreement dated December 29, 2001 by
                              and among Giantco Limited and EurophoneUSA, Inc.

10.4                          Voting  Agreement dated as of July 24, 2002 by and
                              among EurophoneUSA,  Inc.,  Vasilios  Koutsobinas,
                              Nick Kontonicolas and Joshua Shainberg.


(b)      Reports on Form 8-K:

         Form 8-K filed on July 26, 2002 regarding the issuance of a controlling
         interest in the  Company's  equity stock in return for  acquisition  of
         certain assets and a change in registrant's certifying accountant.



<PAGE>


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly caused this report on Form 10-Q to be signed on its behalf,
thereunto  duly  authorized  to sign on  behalf  of the  registrant,  and as the
principal executive officer and principal financial officer thereof.




                            ICT TECHNOLOGIES, INC.

                            Dated: November 14, 2002

                            By: /s/ Vasilios Koutsobinas
                                ------------------------------------------------
                                 Vasilios Koutsobinas, Chief Executive Officer
                                 and Director
                                 (principal executive officer)



                            By: /s/ Andrew Eracleous
                                ------------------------------------------------
                                Andrew Eracleous, Secretary,
                                Treasurer and Director, Chief Financial Officer
                                (principal financial and accounting officer)



<PAGE>

                                  CERTIFICATION

I, Vasilios Koutsobinas, certify that:

1.   I have reviewed  this  quarterly  report on Form 10-Q of ICT  Technologies,
     Inc.;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

     5.   The registrant's other certifying officers and I have disclosed, based
          on our most recent  evaluation,  to the registrant's  auditors and the
          audit  committee  of  registrant's  board  of  directors  (or  persons
          performing the equivalent function):

          a)   all  significant  deficiencies  in the  design  or  operation  of
               internal  controls which could adversely  affect the registrant's
               ability to record,  process,  summarize and report financial data
               and have  identified for the  registrant's  auditors any material
               weaknesses in internal controls; and

          b)   any fraud,  whether or not material,  that involves management or
               other employees who have a significant  role in the  registrant's
               internal controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

     Date: November 14, 2002

                            /s/ Vasilios Koutsobinas
                            ------------------------
                              Vasilios Koutsobinas
                             Chief Executive Officer




<PAGE>

                                  CERTIFICATION
I, Andrew Eracleous, certify that:

1.   I have reviewed  this  quarterly  report on Form 10-Q of ICT  Technologies,
     Inc.;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

     Date: November 14, 2002

                              /s/ Andrew Eracleous
                              --------------------
                                Andrew Eracleous
                             Chief Financial Officer