FILER:

        COMPANY DATA:
                COMPANY CONFORMED NAME:                 ICT TECHNOLOGIES INC
                CENTRAL INDEX KEY:                      0001005663
           STANDARD INDUSTRIAL CLASSIFICATION:  RETAIL-RETAIL STORES,NEC [5990]
                FISCAL YEAR END:                                1231

        FILING VALUES:
                FORM TYPE:              10QSB
                SEC ACT:                1934 Act
                SEC FILE NUMBER:        000-29805
                FILM NUMBER:


        BUSINESS ADDRESS:
                STREET 1:               33 WEST MAIN STREET
                CITY:                   ELMSFORD
                STATE:          NY
                ZIP:                    10523
                BUSINESS PHONE: 9145921700

        MAIL ADDRESS:
                STREET 1:               33 WEST MAIN STREET
                CITY:                   ELMSFORD
                STATE:          NY
                ZIP:                    10523










































                                 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, 2003

             [ ] 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)

Indicate by check mark whether  registrant (1) has filed all reports required to
be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

Common Stock, par value $0.001, 86,543,492 shares outstanding as of September 4,
2003

Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]


<PAGE>






                               ICT TECHNOLOGIES, INC.
                                 TABLE OF CONTENTS

Special Note Regarding Forward Looking Information.............................1

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements (Unaudited).......................................3
        Notes to Financial Statements..........................................8
Item 2. Management's Discussion and Analysis of Financial Condition and
        Results of Operations.................................................11
Item 3. Controls and Procedures...............................................16

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.................................................... 17
Item 2. Changes in Securities and Use of Proceeds............................ 17
Item 3. Defaults Upon Senior Securities...................................... 17
Item 4. Submission of Matters to a Vote of Security Holders.................. 17
Item 5. Other Information.................................................... 17
Item 6. Exhibits and Reports on Form 8-K..................................... 17

SIGNATURES.................................................................18-22
<PAGE>







































           QUARTERLY REPORT ON FORM 10QSB FOR ICT TECHNOLOGIES, INC.

               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,  2003  discusses  financial  projections,
information  or  expectations  about the products or markets of our Company,  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 our Annual Report on Form 10-KSB for the
year ended  December  31, 2002 under  "Management's  Discussion  and  Analysis".
Readers  are  cautioned  not to place undue  reliance  on these  forward-looking
statements, which speak only as of the date hereof.

In  addition,  we  do  not  undertake  hereby  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, readers
should  keep in mind  the  risks  referenced  above  and  the  other  cautionary
statements in this Quarterly Report.

Descriptions of our suppliers and their operations contained herein are taken in
part from corporate web sites and other sources that are believed to be accurate
but as to which we cannot guarantee accuracy.

<PAGE>


1


                          PART I FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

The  condensed  consolidated  financial  statements  included  herein  have been
prepared by the Company, without audit, pursuant to the rules and regulations of
the  Securities  and  Exchange  Commission.  Certain  information  and  footnote
disclosures  normally  included in financial  statements  prepared in accordance
with generally  accepted  accounting  principles  have been condensed or omitted
pursuant to such rules and  regulations,  although the Company believes that the
disclosures are adequate to make the information presented non-misleading.

In the  opinion of the  Company,  all  adjustments,  consisting  of only  normal
recurring adjustments, necessary to present fairly the financial position of the
Company as of June 30, 2003,  and the results of its  operations  and changes in
its financial  position from January 1, 2003,  through June 30, 2003,  have been
made. The results of its operations for such interim period are not  necessarily
indicative  of the results to be expected for the entire year.  These  condensed
financial statements should be read in conjunction with the financial statements
and notes thereto included in the Company's Annual Report on Form 10-KSB for the
year ended December 31, 2002.

                         INDEX TO FINANCIAL STATEMENTS

Balance Sheet as of June 30, 2003 (Unaudited) and December 31, 2002          F-3

Statement of Operations for the three and six months ended June 30, 2003
(Unaudited) and 2002                                                   F-4 - F-5

Statement of Stockholders' Equity for the six months ended June 30, 2003     F-6


Statement of Cash Flows for the six months ended June 30, 2003
(Unaudited) and 2002                                                         F-7


Notes to Financial Statements                                         F-8 - F-10



2


<PAGE>

















































                             ICT TECHNOLOGIES, INC.
                           CONSOLIDATED BALANCE SHEET

                                                June 30,         December 31,
                                                  2003                 2002
                                                Unaudited
Current assets

   Cash and cash equivalents                    $    1,182           $267,735
   Accounts receivable                             885,300            120,745
   Inventory                                       314,749            336,590
   Deposits on Inventory                           111,000
   Prepaid expenses                                    550              2,797
                                                 ---------          ---------
Current assets                                  $1,312,781           $727,867

Property and equipment-net                          42,005             49,761

Other assets
   Security deposit                                  5,000              5,000
   Goodwill                                        324,569            324,569
                                                 ---------          ---------
Total other assets                                 329,569            329,529

Total assets                                     1,684,355          1,107,197
                                                 =========          =========

       Liabilities and Stockholders Equity

Current liabilities
   Accounts payable and accrued expenses          $143,527           $121,475
   Bank overdraft                                   35,275
   Payroll taxes                                   100,049
   Bank lines of credit                            360,054            434,547
   Officer loans payable                         1,263,338            818,890
                                                 ---------          ---------


Total current liabilities                        1,902,243          1,374,912
                                                 ---------          ---------
Stockholders equity
Preferred stock authorized 10,000,000
 shares $0.001 par value each
 At June 30, 2003 and December 31, 2002 there
 are -0- shares outstanding respectively
Common stock authorized
 200,000,000 shares $.001 par value each,
At June 30, 2003 and December 31, 2002,
 there are 86,053,492 shares outstanding
 respectively                                       86,053             92,043
Common stock subscribed                            215,600            112,100
Additional paid in capital                       1,933,434          1,917,944
Retained earnings                               (2,452,975)        (2,383,802)
                                                 ---------          ---------
Total stockholders equity                         (217,888)          (267,715)
                                                 ---------          ---------
Total liabilities and stockholders equity       $1,684,355         $1,070,177
                                                 =========          =========

See notes to accompanying financial statements

F-3
<PAGE>
                             ICT TECHOLOGIES, INC.
                      CONSOLIDATED STATEMENT OF OPERATIONS
                           FOR THE SIX MONTHS ENDED

                                           June 30,          June 30,
                                             2003               2002
                                           Unaudited         Unaudited

Revenue
  Durable goods
   Long Distance telephone                  $ 18,465
   Prepaid telephone cards
    and internet CD's                        811,226          $627,936
                                            --------          --------
Total revenues                               829,691           627,936


Cost of goods sold
   Prepaid telephone cards
    and internet CD's                        162,092           399,493
                                            --------          --------
Total cost of goods sold                     162,092           399,493

Gross profit                                 667,599           228,443


Operating expenses
  Selling, general and administrative        729,018           440,768
Non cash compensation-issuance of shares
    Of common stock for services                                 6,000
  Depreciation                                 7,756             2,544
                                            --------          --------
Total operating expenses                     736,774           449,312

Income (loss) from operations                (69,175)         (220,869)
Other income
  Interest income                                  2                35
                                             --------         --------
Total other income                                 2                35

Net income (loss)                         $  (69,173)        $(220,834)

                                            =========        =========
Net income (loss) per share-basic             $0.00           $(0.00)
Number of shares outstanding-basic          86,053,492       86,053,492
                                            =========        =========

See accompanying notes to financial statements











F-4


<PAGE>
                              ICT TECHOLOGIES, INC.
                      CONSOLIDATED STATEMENT OF OPERATIONS
                           FOR THE THREE MONTHS ENDED

                                            June 30,          June 30,
                                              2003              2002
                                           Unaudited         Unaudited
Revenue
  Durable goods
   Long Distance telephone                  $    465
   Prepaid telephone cards
    and internet CD's                         64,295         $  218,561
                                            --------           --------
Total revenues                                64,760            218,561


Cost of goods sold
   Prepaid telephone cards
    and internet CD's                         13,592            118,048
                                            --------           --------
Total cost of goods sold                      13,592            118,048

Gross profit                                  51,168           100,513


Operating expenses
  Selling, general and administrative        369,223            636,242
  Non cash compensation-issuance of shares
    Of common stock for services                                  6,000
  Depreciation                                 3,878              7,000
                                            --------           --------
Total operating expenses                     373,101            645,742

Income (loss) from operations               (321,937)          (545,229)
Other income
  Interest income                                  2                 28
                                            --------           --------
Total other income                                 2                 28

Net income (loss)                         $ (321,935)        $ (545,201)

                                           =========          =========
Net income (loss) per share-basic            $0.00              $(0.00)
Number of shares outstanding-basic         86,053,492         86,053,492
                                           =========          =========

See accompanying notes to financial statements












F-5


<PAGE>
                             ICT TECHNOLOGIES, INC.
                        STATEMENT OF STOCKHOLDERS EQUITY

                                    Common      Additional
                  Common    Common  Stock       paid        Retained
Date              Stock     Stock   Subscribed  Capital     Earnings      Total

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

Issuance of shares
for acquisition of
Europhone, Inc. 78,000,000   78,000                                      78,000

Capital contribution                              65,000                 65,000

Issuance of shares
as consulting fees 6,093,300   6,093             148,014                154,107

Sale of shares through
private placement    264,167     264             536,820                537,084

Common stock
subscribed                             112,100                          112,000

Net loss                                                  (1,132,248)(1,132,248)
                   --------   ------   -------  --------   ---------  ----------

Balances
December 31, 2002 92,043,492  92,043  $112,100 $1,917,944 $(2,389,802)$(267,715)

Unaudited
June 30, 2003
Common stock subscribed                119,000                          114,000
Delivery of stock
  Subscribed          10,000      10   (15,500)  (14,490)                 -0-
Cancellation of
 Escrowed shares of
 Common stock      6,000,000 (6,000)                           6,000      6,000


Net Profit                                                   (69,173)   (69,173)
                  --------  --------  --------  --------   ---------  ----------
Balances
June 30, 2003    86,053,492 $92,053  $215,600$1,933,434  $(2,452,975) $(217,888)













F-6


<PAGE>
         ICT TECHNOLOGIES, INC.
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                           FOR THE THREE MONTHS ENDED

                                                       June 30,       June 30,
                                                         2003           2002
                                                       Unaudited

OPERATING ACTIVITIES
    Net (loss)                                          $(69,175)    $(738,716)
    Adjustments for noncash and
      non-operating items:
      Non cash expenses-issuance of shares
       Of common stock for services                                      6,000

      Depreciation                                         7,756         2,544
      Non-cash compensation-
         consulting fees paid
     Changes in operating assets and
     liabilities, net of acquisitions:
     Receivables                                        (764,555)
     Inventory                                            21,841       (30,347)
     Prepaid expense                                       2,247
     Deposit on inventory purchase                      (111,000)
     Accounts payable and
      accrued expenses                                    22,052        86,236
     Bank overdraft                                       35,275
     Payroll taxes                                       100,049

    Cash provided (used) by                              -------       -------
      operating activities                              (755,508)     (674,283)


INVESTING ACTIVITIES
    Cash used by investing activities                     -0-           -0-

FINANCIAL ACTIVITIES
    Capital contribution                                                65,000

    Bank loans payable                                   (74,493)      258,786
    Proceeds from sale of stock                          119,000
    Officer loan payable (used)                          444,448       350,497
                                                         -------       -------
    Cash provided by financing activities                488,955       674,283

NET (DECREASE) IN CASH                                  (266,553)        -0-
CASH BALANCE BEGINNING OF PERIOD                         267,735           100
                                                         -------       -------


    CASH BALANCE END OF PERIOD                         $   1,182        $  100
                                                         =======      ========


    NON CASH ACTIVITIES:
     Interest                                           $   -0-       $   -0-
     Corporate income taxes                             $   -0-       $   -0-
     Business acquisition                               $   -0-       $   -0-

F-7


<PAGE>
                          NOTES TO FINANCIAL STATEMENTS

                                 JUNE 30, 2003
                                    Unaudited


NOTE A - BASIS OF PRESENTATION

The  consolidated  financial  statements  include the  accounts of the  Company,
Europhone USA, Inc.,  Europhone,  Inc., Europhone USA, LLC, Eurospeed,  Inc. and
Eurokool, Inc. All significant  inter-company  transactions have been eliminated
in consolidation.

The Consolidated  Balance Sheet as of June 30, 2003, the Consolidated  Statement
of Operations,  Statement of Cash Flows and Statement of Stockholders Equity for
the six months  ended June 30,  2003 and 2002 have been  prepared by the Company
without audit. In the opinion of management, all adjustments (which include only
normal  recurring   adjustments)  necessary  to  present  fairly  the  financial
position,  results of operations  and cash flows at June 30, 2003 and 2002,  and
for all periods presented have been made.

These  statements have been prepared in accordance with the instructions to Form
10-QSB and therefore do not  necessarily  include all  information and footnotes
necessary  to  a  presentation  of  the  financial  position,   the  results  of
operations, and the cash flows, in conformity with generally accepted accounting
principles.  Certain information and footnote  disclosures  normally included in
financial  statements  prepared in accordance with generally accepted accounting
principles have been condensed or omitted.  It is suggested that these condensed
financial   statements  be  read  in  conjunction  with  the  audited  financial
statements  and notes thereto  included in the  Company's  Annual Report on Form
10-KSB for the fiscal  year ended  December  31,  2002.  Operating  results  for
interim  periods are not  necessarily  indicative  of  operating  results for an
entire fiscal year.

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,  2003,  there  were  no  dilutive  securities
outstanding.

NOTE C - INCOME TAXES

A deferred income tax asset is established for the complete amount of income tax
benefits  available in future  periods from the assumed  realization  of tax net
operating  loss  carryforwards.  In  addition,  a  deferred  income tax asset or
liability  is  established  for the  complete  amount of income tax  benefits or
liabilities from the effect of temporary differences.  The components of the net
deferred income tax assets as of June 30, 2003 were as follows:
Deferred income tax assets:

    Net operating loss carryforwards                     $ 932,130
    Valuation allowance                                  ( 932,130)
                                                          --------
Net deferred income tax assets                           $       0
                                                          ========


At  June  30,  2003,   the  Company  has  federal  and  state  income  tax  loss
carryforwards of approximately  $2,452,975 which expire through 2020, subject to
the  limitations  of the IRC Section  382.  The Company has provided a valuation
allowance of $2,452,975 at June 30, 2003, because, in management's assessment,

F-8


<PAGE>
it is uncertain whether the net deferred income tax assets will be realized. The
valuation allowance changed by $2,452,975 during 2003 primarily due to increased
net operating  losses (NOLs) which  increased the amount of the Company's  gross
deferred income tax assets.

Future sales of common stock by the Company or its  principal  stockholders,  or
changes in the  composition of its principal  stockholders,  could  constitute a
"change of control" that would result in annual limitations on the Company's use
of its NOLs and unused tax credits.  Management  cannot  predict  whether such a
"change in control" will occur. If such a "change in control" were to occur, the
resulting annual  limitations on the use of NOLs and tax credits would depend on
the value of the  equity of the  Company  and the amount of  "built-in-gain"  or
"built-in-loss"  in the Company's assets at the time of the "change in control,"
which cannot be known at this time.

NOTE D - STOCKHOLDERS' EQUITY

Common Stock

As of June 30, 2003,  the Company has received  subscriptions  through a private
placement  for an  aggregate  of  153,600  shares  of common  stock  aggregating
$215,600.

On May 9, 2002, the Company issued  6,000,000 shares of common stock into escrow
in consideration for services, to be provided by a consultant to the Company. As
of March 31, 2003,  the escrowed  shares were being held by the company  pending
completion  of the  agreement.  During the second  quarter,  these  shares  were
returned to the Stock Transfer Agent for  cancellation.  It is possible that the
consultant will take the position that the Company is liable for the re-issuance
of these  shares.  The Company is  reserving  6,000,000  shares of common  stock
pending a final  resolution of its rights and  obligations  under the agreement,
which the Company is seeking to accomplish on a negotiated basis. If the Company
is required to re-issue these shares of common stock upon that  resolution or in
connection with any subsequent judicial  proceedings,  a charge to operations of
approximately $6,000,000 would be incurred.

The  Company has  received  subscriptions  for an  aggregate  of 153,600  shares
aggregating $215,600 through June 30, 2003. The Company is reserving this number
of shares pending the completion of the offering and delivery of the shares.

NOTE E - COMMITMENTS AND CONTINGENCIES

Lease agreements

The Company,  through one its subsidiaries,  leases  approximately 3,858 feet of
office space from an unrelated party at 33 West Main Street, Elmsford, New York.
The lease is in the name of Europhone USA, Inc. and is for a period extending to
January 31, 2006 at a monthly  rent of $6,109 plus $723 in common area  charges,
in addition to real estate taxes, and a security deposit of $13,663.

The  Company is  obligated  to pay  payroll  taxes  aggregating  $100,049  which
includes  penalties  and  interest  for prior  quarters.  The  Company is in the
process of negotiating a payoff schedule with the Internal Revenue Service.

NOTE F - Related Party Transactions

In December,  2002 the Company  shipped an aggregate of  $1,300,000  (discounted
amount) in prepaid telephone cards to three  distributors of prepaid phone cards
on an essentially  consignment basis. The invoices become due upon the first use
of the  telephone  cards by the  subscribers.  One of the customers is a company
owned by the daughter of Mr. Vasilios Koutsobinas,  Chairman of the Board of the
Company.

F-9


<PAGE>
The Company is obligated  to repay  moneys  advanced by officers' of the Company
aggregating $1,263,338 with interest at 4.25% interest payable on demand.

NOTE G - Accounts Receivable

The Company  shipped an  aggregate  of $763,000 in prepaid  telephone  cards and
prepaid  internet  access CD's to one  distributor in Brooklyn,  New York. As of
June 30,  2003,  this amount  remains  unpaid.  The Company  has  negotiated  an
extension of payment  terms to allow this customer to complete  their  marketing
program and distribute the Company's products to their customers for sale.
















































F-10


<PAGE>
Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

Unless the context otherwise requires,  (i) all references to "ICT Technologies"
or  the  "Company"  include  ICT   Technologies,   Inc.  and  its  wholly  owned
subsidiaries  Europhone USA, Inc. ("Europhone USA"),  Europhone,  Inc. (together
with Europhone USA, "Europhone") Europhone USA LLC, Eurokool Inc., and Eurospeed
Inc. and (ii) all references to the Company's activities,  results of operations
and financial  condition  prior to May 9, 2002 relate to Europhone USA, which is
the accounting predecessor of the Company.

Overview

ICT  Technologies  is a  distribution  company for  products and services in the
telecommunications   and  consumer  durables   sectors.   ICT  Technologies  has
established distribution relationships for the following products and services:

     Prepaid telephone calling cards;
     Prepaid internet service CD's;
     Air conditioners;
     Motorcycles;
     Internet (ISP) service; and
     Mobile telephones

During  the  first  quarter  of  2003,  ICT  Technologies  completed  its  first
substantial  sale of  shipments  of  prepaid  internet  service  CD's.  ICT also
completed  sales of prepaid  telephone  calling  cards and  continued to provide
long-distance telephone service.

ICT  Technologies  focus as a  distribution  company was  established  through a
transaction  (the  "2002  Transaction")  with  Vasilios  Koutsobinas,  which was
effective as of May 9, 2002.  Pursuant to the 2002 Transaction,  Mr. Koutsobinas
contributed  to ICT a 100%  ownership  interest in Europhone,  Inc. In addition,
pursuant to the 2002 Transaction, Mr. Koutsobinas caused Europhone USA, which at
the  time  the  2002  Transaction  was  consummated  was  wholly  owned  by  Mr.
Koutsobinas, to perform as agent for the Company certain distribution agreements
that had been entered into by Europhone  USA. The terms of the 2002  Transaction
were amended in April 2003 to include the contribution by Mr. Koutsobinas to ICT
of a 100%  ownership  interest in Europhone USA, in recognition of the fact that
Europhone USA and the Company had been  operating on a combined  basis since May
9, 2002. Finally, pursuant to the 2002 Transaction,  Mr. Koutsobinas contributed
to the Company a 100% ownership interest in Eurospeed,  Inc. and Eurokool, Inc.,
which do not currently conduct operations but hold certain intellectual property
used by the Company.

As a result of the 2002 Transaction, ICT Technologies succeeded to the rights of
Europhone Inc. and Europhone USA under the following agreements:

*   Distribution   agreements   with  Canquest   Communications   (Canada)  Inc.
("Canquest") and its affiliate, Canquest Communications (Online) Inc. ("Canquest
Online"),  relating to the sale of prepaid  telephone  calling cards and prepaid
internet service,  respectively;

* Distribution  agreements with manufacturers located in the Peoples Republic of
China ("PRC") relating to the sale of air  conditioners,  motorcycles and mobile
telephones; and

* Distribution agreements with PNG Telecommunications,  Inc. ("PowerNet Global")
relating to the provision of ISP service and long-distance service.

We have continued to finance our activities  through the resources of management
and have devoted the majority of our efforts to initiating the Company's  market
plans  for  telecommunications   products,  air  conditioners  and  motorcycles,
developing sources of supply,  developing and testing of marketing strategy, and
expanding the management team



<PAGE>
to further marketing  research and development for the Company's  products.  For
the period  from July 1, 2002 to June 30,  2003,  these  activities  were funded
through  the  subscriptions  of a  total  of  153,600  shares  of  common  stock
aggregating  $215,600.  We have also funded our  operations  and growth  through
officer  loans  from  Mr.  Vasilios   Koutsobinas  and  Mr.  Joshua   Shainberg,
aggregating $1,263,338 as of June 30, 2003.

Critical Accounting Policies and Estimates

ICT  Technologies'  results  of  operations  are  based  on the  preparation  of
consolidated  financial  statements in  conformity  with  accounting  principles
generally  accepted  in the  U.S.  The  preparation  of  consolidated  financial
statements  requires  management  to select  accounting  policies  for  critical
accounting  areas as well as estimates and  assumptions  that affect the amounts
reported  in the  consolidated  financial  statements.  Significant  changes  in
assumptions  and/or  conditions  in  our  critical   accounting  policies  could
materially impact our operating results. We believe our most critical accounting
policies relate to revenue recognition.

The Company sells its products primarily through distributors. Such distribution
agreements  do not normally  grant the  distributor  the right to return  unsold
products.  To the  extent  distributors  are  granted  return  rights for unsold
equipment and prepaid phone cards,  sales  transactions to the  distributors are
accounted  for as a  consignment  until  products  are sold by the  distributor.
Generally,  these cards are activated for use once received by the  distributor.
If the distributor does not sell these cards within a twelve month period,  this
activation period will expire.

Telecommunications  service  revenue is  recognized  when services are provided.
Revenue on sales of prepaid  calling  cards is deferred  upon  activation of the
cards  by the  customer  (end-user)  and  recognized  as the card  balances  are
decremented  based on minute  usage and service  charges.  Unused  balances  are
recognized as revenue upon expiration of the calling cards.

Revenues from the sale of prepaid  internet service CD's ("CD's") are recognized
at the time of shipment.  The Company does not defer revenue on the sale of CD's
because the Company's cost for the CD's represents a small component of the sale
price,  with the total cost of usage being  accrued at the time of shipment  and
billing,  recognizing  the fact that these  CD's will be used by most  customers
within a thirty day period from the time of purchase.

Revenue from our long distance services  business is generated,  on a commission
basis, for service provided by a single carrier.

Revenue from the sale of durable goods is recognized when products are shipped.

Consistent with Statement of Financial Accounting  Standards ("SFAS"),  No. 142,
"Goodwill and Other Intangible  Assets,"  goodwill is no longer  amortized,  but
instead tested at least  annually for  impairment.  Prior to 2002,  goodwill was
amortized using the straight-line method over its estimated period of benefit of
15 years.  We have not recorded any  impairments of goodwill since adopting SFAS
No. 142.

Consistent  with SFAS No. 144,  "Accounting  for the  Impairment  or Disposal of
Long-Lived  Assets," we evaluate  long-lived  assets for  impairment  and assess
their  recoverability  based upon  anticipated  future cash flows.  If facts and
circumstances  lead us to  believe  that  the cost of one of our  assets  may be
impaired,  we will write down that  carrying  amount to fair value to the extent
necessary.  We have not  recorded  any  impairment  of  long-lived  assets since
adopting SFAS No. 144.



12


<PAGE>
Business Activities

We   have   organized   our   distribution   business   into   three   segments:
telecommunications,  air conditioners,  and motorcycles.  Our telecommunications
business  includes  the sale of prepaid  telephone  cards and  prepaid  internet
service CD's, mobile telephones, and long distance telephone service.

         Telecommunications Segment

As of June 30, 2003,  our prepaid  phone cards are being sold both  domestically
and in  Greece.  In  December  2002,  we  shipped  an  aggregate  of  $1,289,340
(discounted  amount) in prepaid phone cards to two  distributors in Greece on an
essentially  consignment basis.  Included in this shipment was $541,140 worth of
prepaid  phone  cards  shipped to Antiko  Travel,  which is wholly  owned by the
daughter of Mr. Koutsobinas.  We also have one domestic distributor representing
$90,000  in  pre-discounted  product.  As of June 30,  2003,  we have an  amount
receivable  of $16,300 from Antiko  Travel and $63,000  from the domestic  phone
card distributor.

In addition to these products, which served as our principal revenue sources for
the six months ended June 30, 2003, we have an agreement  with  Canquest  Online
covering  the period  through  December  31, 2004 for the  distribution  of CD's
through online and  point-of-sale  activated  channels.  The CD's allow users to
access  the  internet  on a  periodic  basis,  as per  their  needs,  until  the
designated amount of time [in hours] available through the disk is depleted.  As
of June 30, 2003, we have shipped an aggregate of $700,000  (discounted  amount)
or 50,000  CD's to one  domestic  customer.  As of June 30,  2003,  this  amount
remains  unpaid.  The Company has  negotiated  an extension of payment  terms to
allow this  customer to complete  their  marketing  program and  distribute  the
Company's products to their customers for sale.

We also  engage  in the  direct  sale  of long  distance  telephone  service  to
customers as an agent for PowerNet Global. We earn our income as a percentage of
the amount billed to, and collected from, long distance customers sourced by us.
We receive a net payment each month for our share of long distance  revenue.  As
of June 30, 2003, our customer base (long distance only) is located  entirely in
the United States.

We have an agreement to distribute  mobile  telephones that are  manufactured by
Ningbo Bird  Corporation,  Ltd. of the Peoples Republic of China ("PRC").  As of
June 30, 2003, we have received samples of the mobile telephones that we plan to
sell and have not derived any revenue from the sale of mobile telephones.

         Air Conditioners Segment

We also have agreements for the distribution of air conditioners manufactured by
two  major  suppliers  in the PRC:  Guangdong  Chigo Air  Conditioning  Company,
Limited ("Chigo") and Guangdong  Richvast  Company,  Limited  ("Richvast").  Our
distribution agreement with Chigo covers the period through January 31, 2007. We
are the sole agent for the  distribution  of Chigo products  bearing the "Chigo"
and "Eurokool"  brand names in North,  South and Central  America,  and parts of
Europe,  except that  distribution is permitted only under the "Eurokool"  brand
name in  countries  or regions  where  sales of "Chigo"  branded  products  have
already taken place.  ICT  Technologies'  distribution  agreement  with Richvast
covers  the  period  through  August  2007.  Pursuant  to  this  agreement,  ICT
Technologies  is  entitled  to  distribute  Richvast  products  worldwide.   ICT
Technologies  has an  exclusive  right  to  distribute  specific  models  of air
conditioners in Europe,  manufactured by Richvast,  bearing the "Eurokool" brand
name. As of June 30, 2003, we have advanced $111,000 to Chigo for the production
of air conditioners for pending orders.


         13


<PAGE>
         Motorcycles Segment

We have an agreement with Giantco, Limited of Hong Kong, PRC ("Giantco") for the
worldwide  distribution  through March 1, 2007 of  motorcycles  manufactured  by
Giantco and bearing the  "Eurospeed"  brand.  As of June 30,  2003,  we have not
generated any revenue and have samples of these  motorcycles  in inventory.  The
Company's   distribution   agreements  for  durable  goods   (including   mobile
telephones) include  requirements that ICT Technologies order minimum quantities
of products.  These minimum order  requirements have not been satisfied to date,
and  although the relevant  suppliers  have agreed  verbally not to enforce such
requirements  based on past order  shortfalls (in some cases,  in recognition of
the  fact  that  regulatory  approvals  have  not  been  obtained),  there is no
assurance  that these  suppliers  will not seek to enforce the minimum  purchase
requirements in the future.  These minimum  quantities are substantial,  and ICT
Technologies  does not  currently  have the  financial  resources to satisfy the
minimum ordering  requirements to which ICT  Technologies is subject.  Moreover,
ICT Technologies'  distribution  agreements generally do not establish any price
at which  the  goods to be  supplied  thereunder  are to be  purchased,  and the
Company must negotiate prices for each shipment of goods it orders.

Results of Operations for the six months ended June 30, 2003, as compared to the
six months ended June 30, 2002.  Revenues for the six months ended June 30, 2003
consist  of long  distance  telephone  service,  prepaid  telephone  cards,  and
internet CD's.


                            ICT TECHOLOGIES, INC.
                      CONSOLIDATED STATEMENT OF OPERATIONS
                           FOR THE SIX MONTHS ENDED

                                           June 30,          June 30,
                                             2003               2002
                                           Unaudited   %     Unaudited

    %
Revenue
  Durable goods
   Long Distance telephone                  $ 18,465   1.5
   Prepaid telephone cards
    and internet CD's                        811,226  98.5  $627,936    100.0
                                            -------- -----  --------    -----
Total revenues                               829,691 100.0   627,936    100.0



Cost of goods sold
   Prepaid telephone cards
    and internet CD's                        162,092  19.5   399,493     63.6
                                             -------- ----  --------    -----
Total cost of goods sold                     162,092  19.5   399,493     63.6

Gross profit                                 667,599  80.5   228,443     36.4


Operating expenses
  Selling, general and administrative        729,018  87.9   440,768     70.3
  Non cash compensation-issuance of shares
    Of common stock for services                               6,000      0.1

  Depreciation                                 7,756    .1     2,544      0.1
                                            --------  ----  --------     ----
Total operating expenses                     736,774  89.0   449,312     71.5


Income (loss) from operations                (69,175) (8.3) (220,869)   (35.2)
Other income
  Interest income                                  2              35
                                             --------       --------
Total other income                                 2              35

Net income (loss)                         $  (69,173) (8.3)$(220,834)   (35.2)

                                           =========  ====  ========    =====

<PAGE>

For the six months  ended June 30,  2003,  the  Company  generated  net sales of
$829,691 as compared to $627,936 for the six months ended June 30, 2002. For the
six months ended June 30, 2003,  revenues  consisted of $18,465 in long distance
telephone  service and $811,226 in prepaid  telephone  cards and internet  CD's.
Revenues  from  long  distance  telephone  service  were  from  domestic  retail
customers.

As of June 30, 2003,  service costs for the prepaid  telephone calling cards and
CD's were $162,092 or 19.5% of revenue.  As of June 30, 2002,  service costs for
the prepaid telephone calling cards were $399,493 or 63.6% of revenue.

Our gross profit for all  categories  for the six months ended June 30, 2003 was
$667,599  or 80.5% of sales.  Our gross  profit for all  categories  for the six
months ended June 30, 2002 was $228,443 or 36.4% of sales.

The Company's selling, general and administrative costs aggregated approximately
$729,018 for the six months ended June 30, 2003, as compared to $440,768 for the
six months  ended June 30,  2002,  representing  an  increase of  $288,250.  The
aggregate of $729,018 consists of the following:  professional fees of $103,168;
office expenses and other general and administrative of $162,442, advertising of
$116,927, payroll of $259,549, insurances of $24,982, rent of $43,404 and travel
and  entertainment of $18,546.  The aggregate of $440,768  consists of legal and
professional   expenses  of  $106,770;   advertising  of  $41,462;   travel  and
entertainment  of $4,873;  telephone  of $9,686;  rent of 68,578,  and  selling,
general and administration of $209,399.

Liquidity and Capital Resources

Net cash used by operating  activities  was  $755,508 for the second  quarter of
2003,  as compared to net cash used by operating  activities of $674,283 for the
second quarter of 2002. This amount includes,  amongst other things,  cash being
provided  by a net loss from  operations  of  $69,175,  an  increase in accounts
receivable of $764,555,  a reduction in inventory of $21,841, and an increase in
accounts  payable  of  $22,052,  which  includes  an  accrual  for the  expected
telephone access time relating to the internet access CD's aggregating $100,000,
and increase in deposits for the advance cost of manufacturing  air conditioners
in China,  a reduction in prepaid  telephone  deposits with our carrier,  a bank
overdraft of $35,275, and a balance due for payroll taxes of $100,049.

Net cash used by investing  activities  was $-0- for the second quarter of 2003,
as  compared  to net cash used by  investing  activities  of $-0- for the second
quarter of 2002.

Net cash increase from financing  activities was $488,955 for the second quarter
of 2003 as compared to net cash provided by financing activities of $674,283 for
the second  quarter of 2002.  During the second quarter of 2003, we reduced bank
loans  payable by $74,493,  and received  net proceeds of $119,000  from private
sales of our common  stock and  increased  officer  loans  payable by  $527,068.
During the same period in 2002, we funded our operations  through an increase in
officer  loans payable  aggregating  $350,497,  increased  bank loans payable by
$258,786 and received a capital contribution of $65,000.




<PAGE>
Working  capital at June 30,  2003 was  negative  at  $672,082  as compared to a
negative of $647,045 at December 31, 2002.

The Company's  cash balance at June 30, 2003 and currently is inadequate to meet
ICT  Technologies'  needs  for any  appreciable  period  of time.  Although  ICT
Technologies'  operations  are using cash rather than  producing  positive  cash
flow,  management  believes that it will  eventually be able to fund the Company
through the Company's  reorganization  process by  increasing  revenues from the
sale and collection of prepaid  telephone  calling cards and CD's, long distance
telephone  service,  and air  conditioners.  We also  expect  to  experience  an
increase  in  revenues  from the sales of our other  products:  motorcycles  and
mobile  telephones.  We believe that shipments of air conditioners,  motorcycles
and  telephones  will take place during the third  quarter of 2003 and that cash
will be generated to fund  subsequent  shipments.  It will be necessary  for the
Company to obtain  additional  financing  arrangements,  and in certain cases to
obtain additional regulatory approvals, to expand its distribution activities.

Until positive cash flow can be generated,  ICT Technologies  will have to raise
additional capital to meet its routine operating expenses. There is no assurance
that such financing will be available to ICT Technologies on terms  satisfactory
to it or on any  terms  at  all.  Messrs.  Koutsobinas  and  Shainberg  have  no
obligation  to  make  any  further  investment  in  ICT  Technologies.   If  ICT
Technologies  raises  additional  capital at this time  through the  issuance of
additional equity,  the current  shareholders of ICT Technologies may experience
substantial dilution.

Item 3. Controls and Procedures

Mr. Vasilios  Koutsobinas,  ICT Technologies Chief Executive Officer, and Andrew
Eracleous,   ICT  Technologies  Chief  Financial  Officer,  have  evaluated  the
effectiveness of ICT  Technologies'  disclosure  controls and procedures as of a
date  within  90 days  before  the  filing  date of this  quarterly  report.  In
designing and evaluating the disclosure  controls and procedures,  no matter how
well designed and operated,  can provide only reasonable assurances of achieving
the desired control  objectives and they  necessarily  were required to exercise
their judgment in evaluating the cost-benefit  relationship of possible controls
and procedures.  Based upon their evaluation,  Messrs. Koutsobinas and Eracleous
concluded  that ICT  Technologies  presently  has in place  controls  and  other
procedures that are designed to provide  reasonable  assurance that  information
required to be  disclosed  by ICT  Technologies  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  ICT  Technologies   internal   controls  or  in  other  factors  that  could
significantly affect these controls.




<PAGE>
PART II - OTHER INFORMATION

Item 1. Legal Proceedings

In May of 1999, ICT  Technologies,  Inc. and Joshua Shainberg  brought an action
against  Furio  Maglione and  9008-9657  Quebec  Corp.  (aka Giros Corp.) in the
United States  District  Court,  District of New Jersey,  Docket #C 99 2058(AMW)
alleging  that  defendants  had breached an agreement  pursuant to which 300,000
shares (the "Shares") of ICT Technologies, Inc. Common Stock was to be exchanged
for certain real estate assets.  The complaint was  subsequently  amended to add
Abraham  Shainberg,  the original owner of the shares, and a former director and
former  officer  of ICT  Technologies,  Inc.,  as a  plaintiff  and to add  Olde
Monmouth  Stock  Transfer and Trust Co.  ("Olde  Monmouth"),  ICT  Technologies,
Inc.'s  transfer  agent,  as a defendant.  As a result of this  litigation,  the
Shares are being held by Olde  Monmouth  subject  to an order  preventing  their
transfer  until further court order.  The goal of the  litigation is to have the
Shares returned to Abraham Shainberg.

Furio Maglione subsequently asserted  counterclaims against Joshua Shainberg and
ICT  Technologies,  Inc.  for breach of contract and  misrepresentation  seeking
unspecified  actual and  punitive  damages.  Among other  things,  Mr.  Maglione
alleges  that his  agreement  with such  plaintiffs  was  breached  by virtue of
transfer  restrictions  being  applicable  to the  Shares  at the time they were
tendered to Mr.  Maglione and by alleged  representations  that the Shares had a
market value of $2.4 million and were freely transferable. ICT Technologies does
not believe the counterclaims  asserted against it have any merit and intends to
defend  this action  vigorously.  ICT  Technologies  filed a request for summary
judgment by the acceptable date set by the court.

There are no other  material  legal  proceedings  pending or, to its  knowledge,
threatened against ICT Technologies.

Item 2. Changes in Securities

None

Item 3. Defaults upon 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

99.1 Chief Executive Officers  Certification of Financial Statements Pursuant to
18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002

99.2 Chief Financial Officers  Certification of Financial Statements Pursuant to
18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002

(b)  Reports on Form 8-K

None.
17
<PAGE>
SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

Date: September 5, 2003

                                    ICT Technologies, Inc.
                                    -----------------------------------------
                                    (Registrant)



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



                                    /s/ Andrew Eracleous
                                    -----------------------------------------
                                    Andrew Eracleous
                                    Chief Financial Officer
                                    (Principal Financial and Accounting Officer)

































18


<PAGE>
CERTIFICATION
OF THE CHIEF EXECUTIVE OFFICER

I, Vasilios  Koutsobinas,  Chief  Executive  Officer of ICT  Technologies,  Inc.
certify that:

1. I have reviewed  this  Quarterly  Report on Form 10-QSB 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  officer(s)  and I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal  control over financial
reporting  (as defined in Exchange Act Rules  13a-15(f) and  15d-15(f))  for the
registrant and have:

     (a)  Designed  such  disclosure  controls  and  procedures,  or caused such
     disclosure controls and procedures to be designed under our supervision, 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  report is being
     prepared;

     (b) Designed such internal control over financial reporting, or caused such
     internal  control  over  financial  reporting  to  be  designed  under  our
     supervision,  to provide reasonable  assurance regarding the reliability of
     financial  reporting  and  the  preparation  of  financial  statements  for
     external  purposes  in  accordance  with  generally   accepted   accounting
     principles;

     (c) Evaluated the effectiveness of the registrant's disclosure controls and
     procedures  and  presented  in  this  report  our  conclusions   about  the
     effectiveness of the disclosure  controls and procedures,  as of the end of
     the period covered by this report based on such evaluation; and

     (d)  Disclosed  in this  report  any  change in the  registrant's  internal
     control over financial reporting that occurred during the registrant's most
     recent fiscal quarter (the  registrant's  fourth fiscal quarter in the case
     of an annual report) that has materially affected,  or is reasonably likely
     to materially  affect,  the  registrant's  internal  control over financial
     reporting;

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;

Date:  September 5, 2003
                                                  /s/ Vasilios Koutsobinas
                                                      Vasilios Koutsobinas
                                                      Chief Executive Officer

19
                                 CERTIFICATION
                         OF THE CHIEF FINANCIAL OFFICER

I, Andrew Eracleous,  Chief Financial Officer of ICT Technologies,  Inc. certify
that:

1. I have reviewed  this  Quarterly  Report on Form 10-QSB 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  officer(s)  and I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal  control over financial
reporting  (as defined in Exchange Act Rules  13a-15(f) and  15d-15(f))  for the
registrant and have:

     (a)  Designed  such  disclosure  controls  and  procedures,  or caused such
     disclosure controls and procedures to be designed under our supervision, 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  report is being
     prepared;

     (b) Designed such internal control over financial reporting, or caused such
     internal  control  over  financial  reporting  to  be  designed  under  our
     supervision,  to provide reasonable  assurance regarding the reliability of
     financial  reporting  and  the  preparation  of  financial  statements  for
     external  purposes  in  accordance  with  generally   accepted   accounting
     principles;

     (c) Evaluated the effectiveness of the registrant's disclosure controls and
     procedures  and  presented  in  this  report  our  conclusions   about  the
     effectiveness of the disclosure  controls and procedures,  as of the end of
     the period covered by this report based on such evaluation; and

     (d)  Disclosed  in this  report  any  change in the  registrant's  internal
     control over financial reporting that occurred during the registrant's most
     recent fiscal quarter (the  registrant's  fourth fiscal quarter in the case
     of an annual report) that has materially affected,  or is reasonably likely
     to materially  affect,  the  registrant's  internal  control over financial
     reporting;

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;

Date:  September 5, 2003
                                                   /s/ Andrew Eracleous
                                                       Andrew Eracleous
                                                   Chief Financial Officer

20
Exhibit 99.1

                           CERTIFICATION PURSUANT TO

                             18 U.S.C. SECTION 1350

                             AS ADOPTED PURSUANT TO

                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In  connection  with  the  Quarterly  Report  of  ICT  Technologies,  Inc.  (the
"Company")  on Form 10-QSB for the period  ended June 30, 2003 as filed with the
Securities  and  Exchange  Commission  on the date  hereof  (the  "Report"),  I,
Vasilios Koutsobinas,  Chief Executive Officer of the Company, certify, pursuant
to  18  U.S.C.  Section  1350,  as  adopted  pursuant  to  Section  906  of  the
Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

(2) The  information  contained in the Report fairly  presents,  in all material
respects, the financial condition and result of operations of the Company.

                                               /s/ Vasilios Koutsobinas
                                            Name:  Vasilios Koutsobinas
                                           Title:  Chief Executive Officer

September 5, 2003






























21


<PAGE>

Exhibit 99.2

                           CERTIFICATION PURSUANT TO

                             18 U.S.C. SECTION 1350

                             AS ADOPTED PURSUANT TO

                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In  connection  with  the  Quarterly  Report  of  ICT  Technologies,  Inc.  (the
"Company")  on Form 10-QSB for the period  ended June 30, 2002 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"),  I, Andrew
Eracleous,  Chief  Financial  Officer of the  Company,  certify,  pursuant to 18
U.S.C.  Section 1350, as adopted  pursuant to Section 906 of the  Sarbanes-Oxley
Act of 2002, that, to my knowledge:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

(2) The  information  contained in the Report fairly  presents,  in all material
respects, the financial condition and result of operations of the Company.

                                                  /s/ Andrew Eracleous
                                               Name:  Andrew Eracleous
                                              Title:  Chief Financial Officer

September 5, 2003