**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      DC 20549**

**Form      10-Q**

| x | Quarterly                Report Pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 |
|---|--------------------------------------------------------------------------------------------------------------------------------------|

**For      the quarterly period ended June 30, 2005**

| o | Transition                Report Pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------|

**EVCI      Career Colleges Holding Corp.**

| Delaware                                                                      | **06-1488212**                                      |
|-------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                of other jurisdiction of incorporation or organization) | (IRS                Employer Identification Number) |

**1      Van Der Donck Street, 2**
**nd**

**      Floor, Yonkers, New York 10701**

**(914)      623-0700**

----

**Table      of Contents**

**Part      I**

**Financial      Information**

| **Item                  1. Condensed Financial Statements**                                                                               | **Page** |
|-------------------------------------------------------------------------------------------------------------------------------------------|----------|
| Consolidated                  Balance Sheets as of June 30, 2005 (unaudited) and                                                          |     |
| December                  31, 2004 (audited)                                                                                              | 1        |
| Consolidated                  Statement of Operations for the three month and six month periods                  ended                    |     |
| June                  30, 2005 (unaudited) and June 30, 2004 (unaudited)                                                                  | 2        |
|                                                                                                                                      |     |
| Consolidated                  Statement of Cash Flows for the six month periods ended                                                     |     |
| June                  30, 2005 (unaudited) and June 30, 2004 (unaudited)                                                                  | 3        |
| Notes                  to Consolidated Financial Statements                                                                               | 4        |
| **Item                  2. Management’s Discussion and Analysis of Financial Condition and Results                  of Operations** |     |
|                                                                                                                                      |     |
| Overview                                                                                                                                  | 7        |
| Comparison                  of the three months ended June 30, 2005 and June 30, 2004                                                     | 10       |
| Comparison                  of the six months ended June 30, 2005 and June 30, 2004                                                       | 14       |
| Liquidity                  and capital resources                                                                                          | 18       |
| Forward-looking                  statements and risk factors                                                                              | 18       |
| **Item                  4. Controls and Procedures**                                                                                 | 21       |
| **Part                  II**                                                                                                              |     |
| **Other                  Information**                                                                                                    |     |
| **Item                  4. Submission of Matters to a Vote of Security                  Holders**                                    | 22       |
|                                                                                                                                      |     |
| **Item                  6. Exhibits**                                                                                                     | 23       |
| **Signatures**                                                                                                                            | 29       |

----

**EVCI        CAREER COLLEGES HOLDING CORP. AND SUBSIDIARIES**

**CONSOLIDATED        BALANCE SHEET**

|                                                                                                                                            |   | **June                  30,** |        | **December                  31,** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|-------------|-----------------------------------|--------|
|                                                                                                                                            |   | **2005**                      |        | **2004**                          |   |
|                                                                                                                                            |   | **(unaudited)**               |        | **(audited)**                     |   |
| **ASSETS**                                                                                                                                      |   |                          |        |                              |   |
|                                                                                                                                            |   |                          |        |                              |   |
| Current                  assets:                                                                                                                |   |                          |        |                              |   |
| Cash                  and cash equivalents                                                                                                      |   | $                             | 4,617,500   |                              | $      | 10,504,308 |   |
| Student                  accounts receivable, less allowance for doubtful accounts                                                              |   |                          |             |                              |   |  |   |
| of                  $653,000 and $105,000, respectively                                                                                         |   |                          | 12,681,551  |                              |   | 6,015,719 |   |
| Prepaid                  expenses and other current assets                                                                                      |   |                          | 356,707     |                              |   | 137,410 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| **Total                  current assets**                                                                                                       |   |                          | 17,655,758  |                              |   | 16,657,437 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Property                  and Equipment - net                                                                                                   |   |                          | 5,373,171   |                              |   | 4,733,185 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Intangible                  assets                                                                                                              |   |                          | 640,498     |                              |   | - |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Goodwill                                                                                                                                        |   |                          | 3,914,624   |                              |   | 3,914,624 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Deferred                  income tax asset, net of valuation allowance of $1,827,500                                                            |   |                          | 5,557,500   |                              |   | 5,557,500 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Deposits                                                                                                                                        |   |                          | 1,444,922   |                              |   | 443,084 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Other                  assets                                                                                                                   |   |                          | 104,896     |                              |   | 32,142 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| **Total                  Assets**                                                                                                               |   | $                             | 34,691,369  |                              | $      | 31,337,972 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS' EQUITY**                                                                                       |   |                          |             |                              |   |   |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Current                  liabilities:                                                                                                           |   |                          |        |                              |   |   |   |
| Accounts                  payable and accrued expenses                                                                                          |   | $                             | 2,068,731   |                              | $      | 3,046,707 |   |
| Income                  taxes payable                                                                                                           |   |                          | 91,938      |                              |   | 329,729 |   |
| Deferred                  tuition revenue                                                                                                       |   |                          | 4,705,559   |                              |   | 1,834,510 |   |
| Current                  portion of capital lease obligation                                                                                    |   |                          | 258,381     |                              |   | 275,329 |   |
| Current                  portion of notes payable                                                                                               |   |                          | 318,907     |                              |   | 318,907 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| **Total                  current liabilities**                                                                                                  |   |                          | 7,443,516   |                              |   | 5,805,182 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Capital                  lease obligation, net of current portion                                                                               |   |                          | 512,275     |                              |   | 585,337 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Notes                  payable, net of current portion                                                                                          |   |                          | 120,035     |                              |   | 286,518 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Deferred                  rent                                                                                                                  |   |                          | 828,301     |                              |   | 766,710 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| **Total                  liabilities**                                                                                                          |   |                          | 8,904,127   |                              |   | 7,443,747 |   |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| Stockholders'                  Equity:                                                                                                          |   |                          |        |                              |   |   |   |
| Preferred                  stock - $.0001 par value; authorized 1,000,000 shares: none issued                  and                  outstanding |   |                          |        |                              |   |   |   |
| Common                  stock - $.0001 par value; authorized 20,000,000 shares; issued                  and                                     |   |                          |        |                              |   |   |   |
| outstanding                  12,432,867 and 12,329,603 shares, respectively                                                                     |   |                          | 1,264       |                              |   | 1,254 |   |
| Additional                  paid-in capital                                                                                                     |   |                          | 50,828,336  |                              |   | 49,922,445 |   |
| Accumulated                  deficit                                                                                                            |   |                          | (25,042,358 | )                                 |   | (26,029,474 | ) |
|                                                                                                                                            |   |                          |        |                              |   |   |   |
| **Stockholders'                  equity**                                                                                                       |   |                          | 25,787,242  |                              |   | 23,894,225 |   |
| **Total                  Liabilities and Stockholders' Equity**                                                                                 |   | $                             | 34,691,369  |                              | $      | 31,337,972 |   |

**See        Notes to Consolidated Financial Statements**

----

**EVCI        CAREER COLLEGES HOLDING CORP. AND SUBSIDIARIES**

**CONSOLIDATED        STATEMENT OF INCOME**

**(unaudited)**

|                                                                   |   | ** ****Three                  months ended June 30,** |       | ** ****Six months ended June 30,** |   |
|------------------------------------------------------------------------|--------|------------------------------------------------------------|------------|-----------------------------------------|--------|
|                                                                   |   | **2005**                                                   |       | **2004**                                |   | **2005** |   | **2004** |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |
| Net                  revenue                                           |   | $                                                          | 9,609,705  |                                    | $      | 5,788,423 |   | $ | 19,740,248 |   | $ | 14,181,086 |   |
| Other                  income                                          |   |                                                       | 45,774     |                                    |   | 44,716 |   |   | 109,977 |   |   | 140,330 |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Total                  revenue                                         |   |                                                       | 9,655,479  |                                    |   | 5,833,139 |   |   | 19,850,225 |   |   | 14,321,416 |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Operating                  expenses:                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Cost                  of revenue                                       |   |                                                       | 3,013,329  |                                    |   | 1,985,945 |   |   | 5,780,779 |   |   | 3,614,850 |   |
| Selling,                  general and administrative                   |   |                                                       | 6,174,482  |                                    |   | 4,491,475 |   |   | 12,706,427 |   |   | 8,837,275 |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Total                  operating expenses                              |   |                                                       | 9,187,811  |                                    |   | 6,477,420 |   |   | 18,487,206 |   |   | 12,452,125 |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Income/                  (loss) from operations                        |   |                                                       | 467,668    |                                    |   | (644,281 | ) |   | 1,363,019 |   |   | 1,869,291 |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Other                  income (expense):                               |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Interest                  and financing costs                          |   |                                                       | (47,503    | )                                       |   | (70,070 | ) |   | (103,653 | ) |   | (116,406 | ) |
| Interest                  income                                       |   |                                                       | 29,954     |                                    |   | 29,727 |   |   | 47,750 |   |   | 31,932 |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
|                                                                   |   |                                                       |            |                                    |   |  |   |   |  |   |   |  |   |
| Income/                  (loss) before provision for income taxes      |   |                                                       | 450,119    |                                    |   | (684,624 | ) |   | 1,307,116 |   |   | 1,784,817 |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Provision/                  (benefit) for income taxes                 |   |                                                       | 130,000    |                                    |   | (100,000 | ) |   | 320,000 |   |   | 275,000 |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Net                  income/ (loss)                                    |   |                                                       | 320,119    |                                    |   | (584,624 | ) |   | 987,116 |   |   | 1,509,817 |   |
|                                                                   |   |                                                       |            |                                    |   |  |   |   |  |   |   |  |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Net                  income/ (loss) per common share:                  |   |                                                       |       |                                    |   |  |   |   |   |   |   |  |   |
| Basic:                                                                 |   | $                                                          | 0.03       |                                    | $      | (0.05 | ) | $ | 0.08 |   | $ | 0.13 |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Diluted:                                                               |   | $                                                          | 0.03       |                                    | $      | (0.05 | ) | $ | 0.08 |   | $ | 0.12 |   |
|                                                                   |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Weighted-average                  number of common shares outstanding: |   |                                                       |       |                                    |   |   |   |   |   |   |   |   |   |
| Basic                                                                  |   |                                                       | 12,430,802 |                                    |   | 12,146,319 |   |   | 12,401,722 |   |   | 11,546,262 |   |
| Diluted                                                                |   |                                                       | 12,917,269 |                                    |   | 12,146,319 |   |   | 12,941,861 |   |   | 12,388,334 |   |

**See        Notes to Consolidated Financial Statements**

----

**EVCI        CAREER COLLEGES HOLDING CORP. AND SUBSIDIARIES **

**CONSOLIDATED        STATEMENT OF CASH FLOWS**

**(unaudited)**

|                                                                                                            |   | ** ****Six                  months ended June 30,** |       |
|-----------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|------------|
|                                                                                                            |   | **2005**                                                 |       | **2004** |   |
|                                                                                                            |   |                                                     |       |   |   |
| Cash                  flows from operating activities:                                                          |   |                                                     |       |   |   |
| Net                  income                                                                                     |   | $                                                        | 987,116    |   | $ | 1,509,817 |   |
| Adjustments                  to reconcile net income to net cash used in operating                  activities: |   |                                                     |       |   |   |   |   |
| Depreciation                  and amortization                                                                  |   |                                                     | 857,266    |   |   | 373,201 |   |
| Bad                  debt expense                                                                               |   |                                                     | 300,000    |   |   | - |   |
| Non                  cash compensation expense                                                                  |   |                                                     | 201,984    |   |   | 21,600 |   |
| Changes                  in operating assets and liabilities; net of effects of                  acquisition:   |   |                                                     |       |   |   |   |   |
| Increase                  in student accounts receivable                                                        |   |                                                     | (6,951,422 | ) |   | (6,354,701 | ) |
| Increase                  in prepaid expenses and other current assets                                          |   |                                                     | (215,582   | ) |   | (345,262 | ) |
| Increase                  in other assets                                                                       |   |                                                     | (72,754    | ) |   | - |   |
| Increase/(decrease)                  in accounts payable and accrued expenses                                   |   |                                                     | (978,367   | ) |   | 369,592 |   |
| Increase                  in income taxes payable                                                               |   |                                                     | (237,791   | ) |   | - |   |
| Increase                  in deferred tuition revenue                                                           |   |                                                     | 2,871,049  |   |   | 2,574,693 |   |
| Increase                  in deferred rent                                                                      |   |                                                     | 61,591     |   |   | 364,187 |   |
| **Net                  cash used in operating activities**                                                      |   |                                                     | (3,176,910 | ) |   | (1,486,873 | ) |
|                                                                                                            |   |                                                     |       |   |   |   |   |
| Cash                  flows from investing activities:                                                          |   |                                                     |       |   |   |   |   |
| Purchases                  of property and equipment                                                            |   |                                                     | (1,098,474 | ) |   | (862,516 | ) |
| Deposits                  required                                                                              |   |                                                     | (1,001,838 | ) |   | (285,840 | ) |
| Return                  of restricted certificates of deposit                                                   |   |                                                     |       |   |   | 254,662 |   |
| Repayment                  of notes receivable                                                                  |   |                                                     | -          |   |   | 45,000 |   |
| Payments                  on accrued purchase price payable                                                     |   |                                                     | -          |   |   | (256,522 | ) |
| Cash                  paid on acquisition of Pennsylvania School of Business, net of                  cash      |   |                                                     |       |   |   |   |   |
| received                  of $11,768                                                                            |   |                                                     | (659,988   | ) |   | - |   |
| **Net                  cash used in investing activities**                                                      |   |                                                     | (2,760,300 | ) |   | (1,105,216 | ) |
|                                                                                                            |   |                                                     |       |   |   |   |   |
| Cash                  flows from financing activities:                                                          |   |                                                     |       |   |   |   |   |
| Principal                  payments on capital lease obligation                                                 |   |                                                     | (487,032   | ) |   | (264,731 | ) |
| Principal                  payment on notes payable                                                             |   |                                                     | (166,483   | ) |   | (678,300 | ) |
| Proceeds                  from issuance of common stock                                                         |   |                                                     | -          |   |   | 9,348,840 |   |
| Proceeds                  from exercise of options and warrants                                                 |   |                                                     | 703,917    |   |   | 618,354 |   |
| **Net                  cash provided by financing activities**                                                  |   |                                                     | 50,402     |   |   | 9,024,163 |   |
|                                                                                                            |   |                                                     |       |   |   |   |   |
| Net                  increase (decrease) in cash and cash equivalents                                           |   |                                                     | (5,886,808 | ) |   | 6,432,074 |   |
|                                                                                                            |   |                                                     |       |   |   |   |   |
| Cash                  and cash equivalents at beginning of period                                               |   |                                                     | 10,504,308 |   |   | 2,522,107 |   |
| Cash                  and cash equivalents at end of period                                                     |   | $                                                        | 4,617,500  |   | $ | 8,954,181 |   |
|                                                                                                            |   |                                                     |            |   |   |  |   |
| **Supplemental                  disclosures of cash flow information:**                                         |   |                                                     |            |   |   |  |   |
|                                                                                                            |   |                                                     |       |   |   |   |   |
| Cash                  paid during the period for:                                                               |   |                                                     |            |   |   |  |   |
| Interest                                                                                                        |   | $                                                        | 103,653    |   | $ | 61,279 |   |
| Income                  taxes                                                                                   |   | $                                                        | -          |   | $ | 144,944 |   |
|                                                                                                            |   |                                                     |       |   |   |   |   |
| **Supplemental                  schedule of noncash investing and financing                  activities:**      |   |                                                     |       |   |   |   |   |
|                                                                                                            |   |                                                     |       |   |   |   |   |
| Capital                  lease obligations incurred in the acquisition of equipment                             |   | $                                                        | 397,022    |   | $ | 71,495 |   |
|                                                                                                            |   |                                                     |       |   |   |   |   |

**See        Notes to Consolidated Financial Statements**

----

**Notes      to Consolidated Financial Statements**

**Note      1 - Business and Basis of Presentation**

*Interboro.*

*PSB.*

**Note      2 - Earnings Per Share**

----

|                                                                                                |   | **Three                months ended June 30,** |       | **Six                months ended June 30,** |   |
|-----------------------------------------------------------------------------------------------------|--------|------------------------------------------------|------------|----------------------------------------------|--------|
|                                                                                                |   | **2005**                                       |       | **2004**                                     |   | **2005** |   | **2004** |   |
|                                                                                                |   |                                           |       |                                         |   |   |   |   |   |
| Basic                weighted average number of common shares outstanding                           |   |                                           | 12,430,802 |                                         |   | 12,146,319 |   |   | 12,401,722 |   |   | 11,546,262 |   |
|                                                                                                |   |                                           |       |                                         |   |   |   |   |   |   |   |   |   |
| Effect                of assumed exercise of outstanding options                                    |   |                                           | 417,551    |                                         |   | — |   |   | 459,767 |   |   | 476,481 |   |
|                                                                                                |   |                                           |       |                                         |   |   |   |   |   |   |   |   |   |
| Effect                of assumed exercise ofoutstanding                warrants                     |   |                                           | 68,916     |                                         |   | — |   |   | 80,372 |   |   | 356,951 |   |
|                                                                                                |   |                                           |       |                                         |   |   |   |   |   |   |   |   |   |
| Diluted                weighted average number of shares of common stock                outstanding |   |                                           | 12,917,269 |                                         |   | 12,146,319 |   |   | 12,941,861 |   |   | 12,388,334 |   |
|                                                                                                |   |                                           |       |                                         |   |   |   |   |   |   |   |   |   |
| Options                and warrants not included above*                                             |   |                                           | 1,030,580  |                                         |   | 1,453,096 |   |   | 813,645 |   |   | 162,338 |   |

----

**Note      3 -Revenue Recognition**

**Note      4 - Employee Stock Options**

----

|                                                                                                                                                                                     |   | **Three                months ended June 30,** |     | **Six                months ended June 30,** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|----------|----------------------------------------------|--------|
|                                                                                                                                                                                     |   | **2005**                                       |     | **2004**                                     |   | **2005** |   | **2004** |   |
|                                                                                                                                                                                     |   |                                           |     |                                         |   |   |   |   |   |
| Reported                net income/(loss)                                                                                                                                                |   | $                                              | 320,119  |                                         | $      | (584,624 | ) | $ | 987,116 |   | $ | 1,509,817 |   |
|                                                                                                                                                                                     |   |                                           |     |                                         |   |   |   |   |   |   |   |   |   |
| Add:                stock-based employee compensation expense included in recorded net                income,                net of related tax effects                                  |   |                                           | 100,992  |                                         |   | 10,800 |   |   | 201,984 |   |   | 21,600 |   |
|                                                                                                                                                                                     |   |                                           |     |                                         |   |   |   |   |   |   |   |   |   |
| Deduct:                total stock-based employee compensation expense determined under                fair-value based method for all awards, net of related tax                effects |   |                                           | (284,551 | )                                            |   | (57,648 | ) |   | (564,102 | ) |   | (115,296 | ) |
|                                                                                                                                                                                     |   |                                           |     |                                         |   |   |   |   |   |   |   |   |   |
| Pro                forma net income/(loss)                                                                                                                                               |   | $                                              | 136,560  |                                         | $      | (631,472 | ) | $ | 624,998 |   | $ | 1,416,121 |   |
|                                                                                                                                                                                     |   |                                           |     |                                         |   |   |   |   |   |   |   |   |   |
| Reported                net income/ (loss) per common share:                                                                                                                             |   |                                           |     |                                         |   |   |   |   |   |   |   |   |   |
| Basic                                                                                                                                                                                    |   | $                                              | 0.03     |                                         | $      | (0.05 | ) | $ | 0.08 |   | $ | 0.13 |   |
| Diluted                                                                                                                                                                                  |   | $                                              | 0.02     |                                         | $      | (0.05 | ) | $ | 0.08 |   | $ | 0.12 |   |
|                                                                                                                                                                                     |   |                                           |     |                                         |   |   |   |   |   |   |   |   |   |
| Pro                forma net income/ (loss) per common share:                                                                                                                            |   |                                           |     |                                         |   |   |   |   |   |   |   |   |   |
| Basic                                                                                                                                                                                    |   | $                                              | .01      |                                         | $      | (0.05 | ) | $ | 0.05 |   | $ | 0.12 |   |
| Diluted                                                                                                                                                                                  |   | $                                              | .01      |                                         | $      | (0.05 | ) | $ | 0.05 |   | $ | 0.11 |   |

----

**Note      5- Acquisition **

**Note      6- Subsequent Event**

**Item      2. Management’s Discussion and Analysis of Financial Condition and Results of**

**Operations**

**Overview**

*Second      Quarter Developments*

| ·   | Interboro’s                full-time student enrollments for its summer semester increased to                approximately 2,650 in 2005 from approximately 1,975 for the summer                2004                semester, a 34% increase. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On                June 30, 2005 EVCI issued a press release announcing that it signed                a                definitive agreement to acquire TCI. The press release also announced                that                EVCI received a bank commitment to lend EVCI $16 million for the                acquisition, subject to the negotiation and closing of a definitive                loan                agreement. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Revenue      Recognition*

*Capacity      *

|                                               |   | **Current                Achievable****Capacity** |   | **Expected****Achievable****Capacity****(1)** |   |
|----------------------------------------------------|--------|---------------------------------------------------|--------|-----------------------------------------------|--------|
| Manhattan                main campus               |   |                                              | 2,200  |                                          |   | 2,400 |   |
| Flushing                extension center           |   |                                              | 900    |                                          |   | 1,300 |   |
| Washington                Heights extension center |   |                                              | 800    |                                          |   | 800 |   |
| Yonkers                site                        |   |                                              | 350    | (2)                                           |   | 500(2 | ) |
| Total                                              |   |                                              | 4,250  |                                          |   | 5,000 |   |
|                                               |   |                                              |   |                                          |   |   |   |

----

| (1) | Assumes                the new annex space in mid-town Manhattan and Flushing is built out                by the                start of  the                fall 2005. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Interboro                does not currently plan to enroll more than 280 students at this                site                until it is approved  as                an extension center. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Marketing*

| **Period**                       | **Semester** |
|----------------------------------|--------------|
| June                - September  | Fall         |
| October                - January | Spring       |
| February                - May    | Summer       |

*Rate      of Growth*
*** ***

*Seasonality*

*Title      IV program review *

----

**Comparison      of three months ended June 30, 2005 to three months ended June 30,      2004.**

|                                                        |   | **Three                months ended June 30,** |   |
|-------------------------------------------------------------|--------|------------------------------------------------|--------|
|                                                        |   | **2005**                                       |   | **2004** |   |
| Total                revenue                                |   |                                           | 100.0  |   |   | 100.0 |   |
|                                                        |   |                                           |   |   |   |   |   |
| Cost                of revenue                              |   |                                           | 31.2   |   |   | 34.0 |   |
| Selling,                general and administrative expenses |   |                                           | 63.9   |   |   | 77.0 |   |
| Total                operating expenses                     |   |                                           | 95.1   |   |   | 111.0 |   |
| Income                before provision for income taxes     |   |                                           | 4.7    |   |   | (11.7 | ) |
| Net                income/(loss)                            |   |                                           | 3.3    |   |   | (10.0 | ) |

----

|                                     |   | **June                30,** |   |
|------------------------------------------|--------|-----------------------------|--------|
|                                     |   | **2005**                    |   | **2004** |   |
|                                     |   |                        |   |   |   |
| Adjunct                instructors  |   |                        | 81     |   |   | 99 |   |
| Full-time                instructors*    |   |                        | 67     |   |   | 40 |   |
| Tutors                and testers        |   |                        | 64     |   |   | 54 |   |
| Admissions                staff          |   |                        | 44     |   |   | 36 |   |
| Deans                and staff           |   |                        | 20     |   |   | 17 |   |
| Academic                advisors         |   |                        | 18     |   |   | 16 |   |
| Librarians                               |   |                        | 11     |   |   | 9 |   |
| Total                                    |   |                        | 305    |   |   | 271 |   |

----

| * | Includes                developmental specialists who provide additional instruction in                our continuing                effort to increase retention and graduation rates. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                            |   | **Three                months ended June 30,** |   |
|-------------------------------------------------|--------|------------------------------------------------|--------|
|                                            |   | **2005*******                                  |   | **2004** |   |
|                                            |   |                                           |   |   |   |
| Salaries                and benefits            |   |                                           | 26.0   |   |   | 41.1 |   |
| Marketing                                       |   |                                           | 9.7    |   |   | 10.7 |   |
| Depreciation                                    |   |                                           | 4.6    |   |   | 3.6 |   |
| Professional                and consulting fees |   |                                           | 2.0    |   |   | 3.1 |   |
| Non                cash compensation            |   |                                           | 1.0    |   |   | 0.2 |   |
| Other                expenses                   |   |                                           | 20.6   |   |   | 18.3 |   |
| Total                                           |   |                                           | 63.9   |   |   | 77.0 |   |

----

|                              |   | ** ****Three                months ended June 30,** |      |
|-----------------------------------|--------|----------------------------------------------------------|-----------|
|                              |   | **2005**                                                 |      | **2004** |   |
|                              |   |                                                     |      |   |   |
| Wages                             |   | $                                                        | 1,847,000 |   | $ | 1,759,000 |   |
| Employees                benefits |   |                                                     | 274,000   |   |   | 235,000 |   |
| Payroll                taxes      |   |                                                     | 387,000   |   |   | 401,000 |   |
| Total                             |   | $                                                        | 2,508,000 |   | $ | 2,395,000 |   |

----

|                                         |   | **Three                months ended June 30,** |      |
|----------------------------------------------|--------|------------------------------------------------|-----------|
|                                         |   | **2005**                                       |      | **2004** |   |
|                                         |   |                                           |      |   |   |
| Rent                and utilities            |   | $                                              | 764,000   |   | $ | 515,000 |   |
| Outside                security(1)           |   |                                           | 214,000   |   |   | -- |   |
| Bad                debt expense              |   |                                           | 100,000   |   |   | -- |   |
| Insurance                                    |   |                                           | 150,000   |   |   | 117,000 |   |
| Equipment                rental expense      |   |                                           | 48,000    |   |   | 56,000 |   |
| Telephone                and internet        |   |                                           | 206,000   |   |   | 120,000 |   |
| Supplies                                     |   |                                           | 122,000   |   |   | 57,000 |   |
| Travel                and entertainment      |   |                                           | 58,000    |   |   | 84,000 |   |
| Investor                relations            |   |                                           | 39,000    |   |   | 24,000 |   |
| Sales                and miscellaneous taxes |   |                                           | 60,000    |   |   | 36,000 |   |
|                                         |   | $                                              | 1,761,000 |   | $ | 1,009,000 |   |

----

| (1) | In                  September 2004, Interboro began outsourcing its security                  services. |
|-----|---------------------------------------------------------------------------------------------------------|

----

**Comparison      of six months ended June 30, 2005 to six months ended June 30,      2004**

|                                                        |   | **Six                months ended June 30,** |   |
|-------------------------------------------------------------|--------|----------------------------------------------|--------|
|                                                        |   | **2005**                                     |   | **2004** |   |
|                                                        |   |                                         |   |   |   |
| Total                revenue                                |   |                                         | 100.0  |   |   | 100.0 |   |
|                                                        |   |                                         |   |   |   |   |   |
| Cost                of revenue                              |   |                                         | 29.1   |   |   | 25.2 |   |
| Selling,                general and administrative expenses |   |                                         | 64.0   |   |   | 61.7 |   |
| Total                operating expenses                     |   |                                         | 93.1   |   |   | 86.9 |   |
| Income                before provision for income taxes     |   |                                         | 6.6    |   |   | 12.5 |   |
| Net                income                                   |   |                                         | 5.0    |   |   | 10.5 |   |

----

|                                            |   | **Six                months ended June 30,** |   |
|-------------------------------------------------|--------|----------------------------------------------|--------|
|                                            |   | **2005*******                                |   | **2004** |   |
|                                            |   |                                         |   |   |   |
| Salaries                and benefits            |   |                                         | 26.3   |   |   | 31.0 |   |
| Marketing                                       |   |                                         | 9.2    |   |   | 9.3 |   |
| Depreciation                                    |   |                                         | 4.3    |   |   | 2.6 |   |
| Professional                and consulting fees |   |                                         | 2.6    |   |   | 2.3 |   |
| Non                cash compensation            |   |                                         | 1.0    |   |   | 0.2 |   |
| Other                expenses                   |   |                                         | 20.6   |   |   | 16.3 |   |
| Total                                           |   |                                         | 64.0   |   |   | 61.7 |   |

----

|                              |   | ** ****Six                months ended June 30,** |      |
|-----------------------------------|--------|--------------------------------------------------------|-----------|
|                              |   | **2005**                                               |      | **2004** |   |
|                              |   |                                                   |      |   |   |
| Wages                             |   | $                                                      | 3,736,000 |   | $ | 3,302,000 |   |
| Employees                benefits |   |                                                   | 530,000   |   |   | 407,000 |   |
| Payroll                taxes      |   |                                                   | 963,000   |   |   | 728,000 |   |
| Total                             |   | $                                                      | 5,229,000 |   | $ | 4,437,000 |   |

----

|                                         |   | **Six                months ended June 30,** |      |
|----------------------------------------------|--------|----------------------------------------------|-----------|
|                                         |   | **2005**                                     |      | **2004** |   |
|                                         |   |                                         |      |   |   |
| Rent                and utilities            |   | $                                            | 1,510,000 |   | $ | 1,037,000 |   |
| Outside                security(1)           |   |                                         | 473,000   |   |   | -- |   |
| Telephone                and internet        |   |                                         | 406,000   |   |   | 282,000 |   |
| Bad                debt expense              |   |                                         | 300,000   |   |   | -- |   |
| Insurance                                    |   |                                         | 290,000   |   |   | 210,000 |   |
| Supplies                                     |   |                                         | 228,000   |   |   | 176,000 |   |
| Travel                and entertainment      |   |                                         | 162,000   |   |   | 171,000 |   |
| Investor                relations            |   |                                         | 140,000   |   |   | 61,000 |   |
| Equipment                rental expense      |   |                                         | 110,000   |   |   | 95,000 |   |
| Sales                and miscellaneous taxes |   |                                         | 78,000    |   |   | 75,000 |   |
|                                         |   | $                                            | 3,697,000 |   | $ | 2,107,000 |   |

----

| (1) | In                September 2004 Interboro began outsourcing its security                services. |
|-----|----------------------------------------------------------------------------------------------------|

----

| Net                income as reported                           |   | $      | 987,000   |   |
|-----------------------------------------------------------------|--------|--------|-----------|--------|
|                                                            |   |   |      |   |
| Add:                                                            |   |   |      |   |
| Additional                revenue(1)                            |   |   | 447,000   |   |
| PSB                costs                                        |   |   | 278,000   |   |
|                                                            |   |   | 1,712,000 |   |
| Deduct:                                                         |   |   |      |   |
| Assumed                tax on additional revenue                |   |   | (145,000  | )      |
| Adjusted                net income                              |   | $      | 1,567,000 |   |
| Adjusted                diluted net income per common share (2) |   | $      | 0.12      |   |

----

| (1) | After                deducting salaries of $75,000 of adjunct instructors that are a variable                cost directly  related                to this revenue. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Based                on 12,941,861 weighted average number of common shares outstanding                for the                six  months                ended June 30, 2005 versus 12,388,334 weighted average number of                shares                outstanding  for                six months ended June 2004. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Liquidity      and capital resources**

| **Sources:**                                                   |   |   |       |
|----------------------------------------------------------------|--------|--------|------------|
| Cash                collections from operations                |   | $      | 13,686,000 |   |
| Proceeds                from exercises of options and warrants |   |   | 700,000    |   |
|                                                           |   | $      | 14,386,000 |   |
| **Uses:**                                                      |   |   |       |   |
| Payment                of operating expenses                   |   |   | 16,872,000 |   |
| Deposits                required                               |   |   | 986,000    |   |
| Payment                of notes payable                        |   |   | 167,000    |   |
| Payment                of principle of capital leases          |   |   | 487,000    |   |
| Purchase                of property and equipment              |   |   | 1,102,000  |   |
| Payment                of purchase price for PSB               |   |   | 670,000    |   |
|                                                           |   |   | 20,284,000 |   |
| Net                decrease in cash                            |   |   | (5,898,000 | ) |
| Cash                on hand at January 1, 2005                 |   |   | 10,504,000 |   |
| Cash                on hand at June 30, 2005                   |   | $      | 4,606,000  |   |

**Forward-looking      statements and risk factors**

| ·   | Interboro                Institute’s failure to comply with extensive federal and New York State                regulations could have a material adverse impact on its ability to                operate                and grow. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Adverse                changes in the rules governing, or the amount or timing of, TAP                disbursements could materially impede Interboro’s ability to operate. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Adverse                changes in the rules governing, or the amount or timing of, Pell                program                disbursements could materially impede our ability to                operate. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | An                ongoing or future Title IV program review could result in Interboro                being                required to make material refunds of Pell grants and EVCI being required                to reduce its income by the amount of those refunds. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A                future TAP audit could result in Interboro being required to make                material                refunds of TAP grants and EVCI being required to reduce its income                by the                amount of those refunds. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Changes                in Ability to Benefit regulations could materially and adversely                affect                Interboro’s ability to operate and grow. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Interboro’s                aggressive growth has attracted significant attention that could                result in                higher regulatory scrutiny and media coverage that could have an                adverse                affect on us and our stock price. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If                the New York State Education Department does not give Interboro the                requisite approval to open new college sites or to receive extension                center status for its Yonkers site, Interboro’s operations and growth                could be materially and adversely affected. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If                Interboro is unable to continue to improve its retention and graduation                rates, the New York State Education Department may seek to limit                its                operations and growth, including by denying extension center status                to its                Yonkers site, and requiring a significant reduction in enrollments                at that                site. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If                Interboro is unable to continue to improve its retention and graduation                rates, the New York State Education Department may seek to have the                Board                of Regents deny or adversely condition Interboro’s                reaccredidation. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If                Interboro is unable to obtain additional or replacement space, Interboro’s                internal growth rate will be materially                limited. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                New York State Education Department may withhold approval of Interboro’s                Yonkers site as an extension center and/or recommend limits to enrollment                at Interboro’s main campus and/or Washington Heights extension center, if                Interboro is not able to secure additional space for its main campus                and/or Washington Heights sites. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If                the maximum Title IV and TAP grants do not increase over time, our                margins                and, eventually, our ability to operate without participating in                Title IV                loan programs could be adversely affected. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Interboro’s                failure to effectively open and operate new college sites, or annexes                to                existing sites, could adversely affect our                business. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | EVCI                faces substantial challenges and risks in attempting to integrate                new                acquisitions, including PSB and, if consummated, TCI, that could                have a                material adverse effect on its operations and future                success. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | The                seasonality of Interboro’s enrollments produces significant variations in                our results from quarter to                quarter. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                differences in the start dates of Interboro’s semesters from year to year                produces significant                variations in our results from quarter to                quarter. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                loss of the services of key management personnel of EVCI or Interboro,                could have a material adverse effect on our operations and growth. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If                EVCI and its subsidiaries are unable to compete effectively for the                additional management personnel that they need to competently handle                growth, their operations, regulatory compliance and financial results                could be adversely affected. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Interboro’s                failure to effectively manage its aggressive enrollment growth could                hurt                our business. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our                business and results could materially suffer if we improperly balance                or                divert resources from our operations to making acquisitions or if                we make                acquisitions that do not meet our expectations. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Threatened                or actual legal proceedings against Interboro by regulatory agencies                or                private parties could have a material adverse effect on our business. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Interboro’s                new internal loan program could result in additional material bad                debt                expense as a result of students defaulting on their                loans. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If                the operation of Interboro’s computer system is adversely affected by                computer viruses that are not recognized by available anti-virus                software,                or for any other reason, its ability to operate could be severely                impaired. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Terrorist                activity, or the threat of it, in the New York Metropolitan area                could                adversely affect Interboro. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Interboro’s                inability to foster and maintain relationships with community                organizations in the communities where its college sites are located                could                adversely affect those sites. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | PSB                may not become fully operational by the fall 2005 because of construction                delays. |
|--------------------|---------------------------------------------------------------------------------------------------------------------|

| ·   | Grant                application deadlines and other requirements of Pennsylvania grant                programs could prevent PSB’s students from obtaining grants and, as a                result, adversely effect PSB’s enrollment and revenue. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | PSB                may not succeed in enrolling a significant number of students for                the fall                2005 semester or thereafter. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | PSB’s                growth potential could be adversely affected if it cannot obtain                degree                granting authority for its three new business diploma                programs. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A                change of control of EVCI would adversely affect Interboro’s receipt of                Pell and TAP funds. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | A                change of control of EVCI would cause regulatory and accrediting                authorities to return Interboro to a probationary                status. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Future                changes in ownership of our common stock could substantially limit                the                utilization of our net operating loss                carryforwards. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Actual                or potential future sales of shares of our common stock by management                could have an adverse effect on the market price of our common                stock. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our                share price has ranged greatly since we went public and may be very                volatile in the future. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------|

| ·   | Provisions                of laws or regulations, our certificate of incorporation and by-laws                and                agreements with our executive officers could discourage takeover                attempts                and other investments in our common                stock. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our                classified board limits stockholder voting for election and removal                of                directors. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Indemnification                and limitation of liability of our officers and directors may insulate                them from accountability to stockholders at substantial cost to                us. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | There                could be a failure to satisfy closing conditions in the acquisition                agreement. |
|--------------------|--------------------------------------------------------------------------------------------------------------------|

| ·   | There                could be a failure to complete the negotiation, or satisfy closing                conditions, of a definitive loan agreement, in which case EVCI would                be                subject to a breach of contract claim by the seller of TCI if EVCI                cannot                timely find alternative financing. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | There                could be unexpected delays in closing the purchase of TCI. |
|--------------------|---------------------------------------------------------------------------------|

| ·   | As                is often the case with acquisitions, regulators may impose conditions                following the closing, which alone, or together with other factors,                could                have an adverse impact on management’s efforts to increase TCI’s revenues                and improve its operating results. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | There                are other regulatory risks, many of which are the same for TCI and                EVCI,                including those set forth in EVCI’s 10-KSB for its year ended December 31,                2004 and above in this 10-Q. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item      4. Controls and Procedures**

----

| ·   | recruiting                candidates for two positions in Interboro’s accounting department |
|--------------------|---------------------------------------------------------------------------------------------------|

| ·   | the                commencement of field work in May 2005 by a consulting firm that                is, to                assisting us in our compliance with Section 404 of the Sarbanes-Oxley                Act                of 2004. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**PART      II**

**OTHER      INFORMATION**

**Item      4. Submission of Matters to Vote of Security Holders.**

| Name                              |   | Votes                For |       | Votes                Withheld |   |
|-----------------------------------|--------|--------------------------|------------|-------------------------------|--------|
| Richard                Goldenberg |   |                     | 10,214,290 |                          |   | 1,235,100 |   |
| Ellie                Housman      |   |                     | 10,192,462 |                          |   | 1,256,928 |   |

| Votes                For |   | Votes                Against |      | Abstained |   |
|--------------------------|--------|------------------------------|-----------|-----------|--------|
| 4,390,269                |   |                         | 4,151,150 |      |   | 17,774 |   |

| Votes                For |   | Votes                Against |    | Abstained |   |
|--------------------------|--------|------------------------------|---------|-----------|--------|
| 11,008,458               |   |                         | 468,253 |      |   | 22,679 |   |

----

**Item      6. Exhibits **

| Exhibit                            No.* |   | Description                            of Exhibit                                                                                                                                                                        |
|-----------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                    |   |                                                                                                                                                                                                                     |
| 3.1[1]                                  | --     | Certificate                            of Incorporation of the Registrant.                                                                                                                                               |
|                                    |   |                                                                                                                                                                                                                     |
| 3.2[1]                                  | --     | Certificate                            of Merger of Educational Video Conferencing, Inc. (a                            New York Corporation)                            into the Registrant (a Delaware Corporation).    |
|                                    |   |                                                                                                                                                                                                                     |
| 3.3[1]                                  | --     | Certificate                            of Correction of the Certificate of Incorporation of                            the                            Registrant.                                                        |
|                                    |   |                                                                                                                                                                                                                     |
| 3.4[3]                                  | --     | Certificate                            of Amendment, dated February 22, 1999, to Certificate                            of Incorporation of                            the Registrant.                                   |
|                                    |   |                                                                                                                                                                                                                     |
| 3.5[23]                                 | --     | Amended                            and Restated By-Laws of the Registrant.                                                                                                                                               |
|                                    |   |                                                                                                                                                                                                                     |
| 3.6[5]                                  | --     | Certificate                            Eliminating Reference to Series A 7.5% Convertible Preferred                            Stock from                            the Certificate of Incorporation of the Registrant. |
|                                    |   |                                                                                                                                                                                                                     |
| 3.7[16]                                 | --     | Certificate                            of Amendment, dated May 23, 2002, to Certificate of Incorporation                            of the                            Registrant.                                        |
|                                    |   |                                                                                                                                                                                                                     |
| 3.8[5]                                  | --     | Certificate                            Eliminating Reference to Series B 7% Convertible Preferred                            stock from the                            Certificate of Incorporation of the Registrant.   |
|                                    |   |                                                                                                                                                                                                                     |
| 3.9[5]                                  | --     | Certificate                            Eliminating Reference to Series C 8% Convertible Preferred                            stock from the                            Certificate of Incorporation of the Registrant.   |
|                                    |   |                                                                                                                                                                                                                     |
| 3.10[20]                                | --     | Certificate                            of Amendment, filed August 9, 2004, to Certificate of                            Incorporation of the                            Registrant.                                      |
|                                    |   |                                                                                                                                                                                                                     |
| 4.2[2]                                  | --     | Form                            of Common Stock certificate.                                                                                                                                                             |
|                                    |   |                                                                                                                                                                                                                     |
| 4.3[4]                                  | --     | Warrant                            Agreement, dated January 14, 2000, between the Registrant                            and Bruce. R.                            Kalisch.                                                |
|                                    |   |                                                                                                                                                                                                                     |
| 4.4[6]                                  | --     | Warrant                            Agreement, dated April 18, 2000, between the Registrant                            and Peter J.                            Solomon Company Limited.                                   |
|                                    |   |                                                                                                                                                                                                                     |
| 4.5[7]                                  | --     | Form                            of Warrant issued to each seller of shares of ICTS,                            Inc.                                                                                                      |
|                                    |   |                                                                                                                                                                                                                     |
| 4.6[14]                                 | --     | Common                            Stock Purchase Warrant issued in September 2003, to purchase                            45,000 shares                            of the Registrant’s common stock.               |
|                                    |   |                                                                                                                                                                                                                     |
| 4.7[17]                                 | --     | Common                            Stock Purchase Warrant issued to placement agent on March                            29,                            2004.                                                              |

----

|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1[9]   | --     | Employment                              Agreement between the Registrant and Dr. Arol I. Buntzman,                              dated January                              1, 2003.                                                                                                                                                                                                                                                                    |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.2[9]   | --     | Employment                              Agreement between the Registrant and Dr. John J. McGrath,                              dated January 1,                              2003.                                                                                                                                                                                                                                                                     |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.3[9]   | --     | Employment                              Agreement between the Registrant and Richard Goldenberg,                              dated January 1,                              2003.                                                                                                                                                                                                                                                                      |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.4[10]  | --     | Amended                              and Restated 1998 Incentive Stock Option Plan of the                              Registrant.                                                                                                                                                                                                                                                                                                                     |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.5[11]  | --     | 2001                              Non-Qualified Stock Option Plan.                                                                                                                                                                                                                                                                                                                                                                                     |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.6[9]   | --     | Form                              of Change in Control Agreement used for agreements                              the Registrant has with                              each of Dr. Arol I. Buntzman, Dr. John J. McGrath,                              and Richard Goldenberg,                              dated February 11, 2003.                                                                                                                   |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.7[1]   | --     | Form                              of Indemnification Agreement.                                                                                                                                                                                                                                                                                                                                                                                        |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.8[4]   | --     | Stock                              Purchase Agreement, dated January 14, 2000, among Bruce                              R. Kalisch,                              Interboro Holding, Inc. and Interboro Institute, Inc.                                                                                                                                                                                                                                 |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.9[12]  | --     | Lease                              Agreement between 444 Realty Company and Interboro                              Institute, Inc. dated                              July 27, 1983, as amended by agreements dated September                              20, 1988,                              September 1, 1992, and February 1, 1993.                                                                                                             |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.10[12] | --     | Lease                              Agreement between Interboro Institute, Inc. JUYI, Inc.,                              dated January 26,                              2001.                                                                                                                                                                                                                                                                           |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.11[8]  | --     | Promissory                              Note for $1,000,000, dated August 4, 2003, payable                              by Interboro Institute,                              Inc. to North Fork Bank.                                                                                                                                                                                                                                                  |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.12[8]  | --     | Form                              of the Registrant’s Subscription and Registration Rights Agreement                              relating to the Registrant’s August 1, 2003 issuance of common stock and                              warrants.                                                                                                                                                                                          |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.13[13] | --     | Settlement                              Agreement, made October 3, 2003, between Amaranth Trading                              L.L.C. and the                              Registrant.                                                                                                                                                                                                                                                                 |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.14[13] | --     | Form                              of Share Claim Purchase and Registration Rights Agreement                              between the                              Registrant and each investor acquiring a portion of                              the Amaranth Trading                              L.L.C.’s rights to claims to shares of EVCI’s common stock upon conversion                              of Series B Preferred shares. |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.15[14] | --     | Third                              Amendment and Lease Extension Agreement, made as of                              August 1, 2003,                              between 444 Realty Company, L.L.C. and Interboro Institute,                              Inc.                                                                                                                                                                                         |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.16[15] | --     | Ownership                              and Registration Rights Agreement, dated November 11,                              2003, between the                              Registrant and JLF Partners I, L.P., JLF Partners II,                              L.P. and JLF                              Offshore Fund.                                                                                                                                   |

----

|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
|----------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.17[16]                                    | --     | Employment                                Agreement between the Registrant and Joseph D. Alperin                                dated January 1,                                2004.                                                                                                                                                                                                                                     |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.18[16]                                    | --     | Option                                Agreement between the Registrant and Joseph D. Alperin                                dated January 1,                                2004.                                                                                                                                                                                                                                         |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.19[16]                                    | --     | Change                                of control letter agreement between the Registrant                                and Joseph D. Alperin                                dated January 1, 2004.                                                                                                                                                                                                                       |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.20[16]                                    | --     | Agreement,                                made February 28, 2004, between Interboro Institute,                                Inc. and OPEIU Local                                153, AFL-CIO.                                                                                                                                                                                                                           |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.21[17]                                    | --     | Securities                                Purchase Agreement, dated March 29, 2004, by and                                among the Registrant and                                each buyer named in the Schedule of Buyers.                                                                                                                                                                                             |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.22[17]                                    | --     | Registration                                Rights Agreement, dated March 29, 2004, by and among                                the Registrant and                                each buyer named in the Schedule of Buyers.                                                                                                                                                                                             |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.23[18]                                    | --     | Ownership                                and Registration Rights Agreement, dated April 2,                                2004, by and among the                                Registrant and six funds managed by Wellington Management                                Company,                                LLP.                                                                                                     |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.24[19]                                    | --     | 2004                                Amended and Restated Incentive Stock Plan                                                                                                                                                                                                                                                                                                                                             |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.25[20]                                    | --     | Form                                of Stock Option Agreement (Nonqualified Stock Option)                                                                                                                                                                                                                                                                                                                                 |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.26[20]                                    | --     | Form                                of Stock Option Agreement (Nonqualified Stock Option)                                covering option                                grants to executive officers that were approved at                                the Registrant’s July                                27, 2004 stockholders meeting.                                                                       |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.27[21]                                    | --     | Lease                                made November 17, 2003 between Spruce Spires Associates,                                LP, and Interboro                                Institute, Inc.                                                                                                                                                                                                                             |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.28                                (a)[22] | --     | Sublease                                for Premises at 37-02 Main Street, Flushing, NY 11354,                                dated March 28,                                2005, between Genking, LLC and Interboro Institute,                                Inc. with Exhibit                                  A and letter agreement, dated April 15, 2005, amending                                  such sublease. |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.28                                (b)[22] | --     | Consent                                to Sublease, dated April 22, 2005, among Mehran Enterprises                                Ltd., Futurama                                Home Furniture of Queens, Inc., Genking, LLC and                                Interboro Institute,                                Inc.                                                                                                  |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.28                                (c)[22] | --     | Sublease,                                dated March 30, 2004, between Futurama Home Furniture                                of Queens, Inc. and                                Genking, LLC.                                                                                                                                                                                                                            |
|                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.28                                (d)[22] | --     | Agreement                                of Lease, dated March 6, 2001, between Mehran Enterprise                                Ltd. and Futurama                                Home Furniture of Queens, Inc.                                                                                                                                                                                                          |

----

|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.30[23]                                 | --     | Letter                                agreement, dated June 30, 2005, amending Employment                                Agreement between the                                Registrant and Dr. Arol I. Buntzman dated January                                1,                                2003.                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.31[23]                                 | --     | Letter                                agreement, dated June 30, 2005, amending Employment                                Agreement between the                                Registrant and Dr. John J. McGrath dated January                                1,                                2003.                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.32[23]                                 | --     | Letter                                agreement, dated June 30, 2005, amending Employment                                Agreement between the                                Registrant and Richard Goldenberg dated January 1,                                2003.                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.33[23]                                 | --     | Letter                                agreement, dated June 30, 2005, amending Employment                                Agreement between the                                Registrant and Joseph D. Alperin dated January 1,                                2004.                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.34[25]                                 | --     | Loft                                Lease dated as of September 1, 2004 between Getty                                Square Partners LLC and                                Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.34                                [25] | --     | Letter                                agreement dated August 18, 2004 between Getty Square                                Partners LLC and                                Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.34                                [25] | --     | First                                Amendment to Lease dated as of July 14, 2005 between                                Getty Square Partners                                LLC and Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.35                                [24] | --     | Stock                                Purchase Agreement, dated June 30, 2005, among EVCI                                Career Colleges                                Holding Corp., Technical Career Institutes, Inc.,                                East Coast Training                                Services of Delaware, Inc., East Coast Capital Corp.                                and North American                                Training Services, Inc., with Exhibits (Schedules                                will be provided                                supplementally to the Securities and Exchange Commission                                upon                                request). |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 31.1**                                    | --     | Certification                                of Chief Executive Officer required by Rule 13a-14(a)                                under the Exchange                                Act.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 31.2**                                    | --     | Certification                                of Chief Financial Officer required by Rule 13a-14(a)                                under the Exchange                                Act.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 32.1**                                    | --     | Certification                                of Chief Executive Officer pursuant to 18 U.S.C.                                Section 1350, as adopted                                pursuant to Section 906 of Sarbanes-Oxley Act of                                2002.                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 32.2**                                    | --     | Certification                                of Chief Financial Officer pursuant to 18 U.S.C.                                Section 1350, as adopted                                pursuant to Section 906 of Sarbanes-Oxley Act of                                2002.                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 99.1[21]                                  | --     | Text                                of final report, dated March 7, 2005, detailing the                                calculation of the TAP                                disallowances resulting from the TAP audit of the                                2000-01 through 2002-03                                academic years of Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                                                                        |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 99.2                                [24]  | --     | Press                                Release dated June 30, 2005 related to the announcement                                of Exhibit 10.35                                of this report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

----

| * | Numbers                inside brackets indicate documents from which exhibits have been                incorporated by reference. |
|---|-----------------------------------------------------------------------------------------------------------------------------------|

| ** | Filed                herewith. |
|----|--------------------------------|

----

| [1] | Incorporated                by reference to the Registrant’s Registration Statement on Form SB-2,                filed October 23, 1998, Registration No.                333-66085. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [2] | Incorporated                by reference to Amendment No. 4, dated February 10, 1999, to the                Registrant’s Form SB-2, Registration No.                333-66085. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [3] | Incorporated                by reference to Registrant’s Form 10-QSB for the quarter ended September                30, 1999. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------|

| [4] | Incorporated                by reference to the Registrant’s Form 8-K dated January 14,                2000. |
|-----|--------------------------------------------------------------------------------------------------------------------|

| [5] | Incorporated                by reference to the Registrant’s Form 8-K dated October 6,                2000. |
|-----|-------------------------------------------------------------------------------------------------------------------|

| [6] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2000. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| [7] | Incorporated                by reference to the Registrant’s Form 8-K dated July 1,                2001. |
|-----|----------------------------------------------------------------------------------------------------------------|

| [8] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| [9] | Incorporated                by reference to the Registrant’s Form 10-KSB for the year ended December                31, 2002. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------|

| [10] | Incorporated                by reference to the Registrant’s Registration Statement on Form S-8 filed                December 31, 2002, Registration No.                333-102310. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [11] | Incorporated                by reference to the Registrant’s Registration Statement on Form S-8 filed                October 23, 2001, Registration No.                333-72080. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [12] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|

| [13] | Incorporated                by reference to the Registrant’s Form 8-K dated October 10,                2003. |
|------|--------------------------------------------------------------------------------------------------------------------|

| [14] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|

| [15] | Incorporated                by reference to Amendment No. 1 to the Registrant’s Registration Statement                on Form S-3, filed December 4, 2003, Registration No.                333-110567. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [16] | Incorporated                by reference to the Registrant’s Form 10-KSB/A for the year ended December                31, 2003. |
|------|---------------------------------------------------------------------------------------------------------------------------------------|

| [17] | Incorporated                by reference to the Registrant’s Form 8-K dated March 29,                2004. |
|------|------------------------------------------------------------------------------------------------------------------|

| [18] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended June                30, 2004. |
|------|------------------------------------------------------------------------------------------------------------------------------------|

----

| [19] | Incorporated                by reference to the Registrant’s definitive Proxy Statement dated May 2,                2005. |
|------|---------------------------------------------------------------------------------------------------------------------------------|

| [20] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2004. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|

| [21] | Incorporated                by reference to the Registrant’s Form 10-KSB for the year ended December                31, 2004. |
|------|-------------------------------------------------------------------------------------------------------------------------------------|

| [22] | Incorporated                by reference to the Registrant’s Form 8-K dated March 7, 2005. |
|------|--------------------------------------------------------------------------------------------------|

| [23] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended March 31,                2005. |
|------|-----------------------------------------------------------------------------------------------------------------------------------|

| [24] | Incorporated                by reference to the Registrant’s Form 8-K dated July 1, 2005. |
|------|-------------------------------------------------------------------------------------------------|

| [25] | Incorporated                by reference to the Registrant’s Form 8-K dated July 18, 2005. |
|------|--------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

|         |                                                                                                  |                                       |
|--------------|-------------------------------------------------------------------------------------------------------|--------------------------------------------|
|         | EVCI                CAREER COLLEGES HOLDING CORP.                                                     |
|    |                                                                                             |                                  |
|         | By:                                                                                         | /s/ Richard                Goldenberg |
|         | Richard                Goldenberg                                                                     |
|         | Chief Financial Officer(Principal                  Financial and Accounting                  Officer) |

----

**EXHIBIT      INDEX**

| Exhibit                    No.* |   | Description                    of Exhibit                                                                                                                                                        |
|---------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                            |   |                                                                                                                                                                                             |
| 3.1[1]                          | --     | Certificate                    of Incorporation of the Registrant.                                                                                                                               |
|                            |   |                                                                                                                                                                                             |
| 3.2[1]                          | --     | Certificate                    of Merger of Educational Video Conferencing, Inc. (a New York                    Corporation)                    into the Registrant (a Delaware Corporation).    |
|                            |   |                                                                                                                                                                                             |
| 3.3[1]                          | --     | Certificate                    of Correction of the Certificate of Incorporation of the                    Registrant.                                                                           |
|                            |   |                                                                                                                                                                                             |
| 3.4[3]                          | --     | Certificate                    of Amendment, dated February 22, 1999, to Certificate of Incorporation                    of                    the Registrant.                                   |
|                            |   |                                                                                                                                                                                             |
| 3.5[23]                         | --     | Amended                    and Restated By-Laws of the Registrant.                                                                                                                               |
|                            |   |                                                                                                                                                                                             |
| 3.6[5]                          | --     | Certificate                    Eliminating Reference to Series A 7.5% Convertible Preferred                    Stock from                    the Certificate of Incorporation of the Registrant. |
|                            |   |                                                                                                                                                                                             |
| 3.7[16]                         | --     | Certificate                    of Amendment, dated May 23, 2002, to Certificate of Incorporation                    of the                    Registrant.                                        |
|                            |   |                                                                                                                                                                                             |
| 3.8[5]                          | --     | Certificate                    Eliminating Reference to Series B 7% Convertible Preferred stock                    from the                    Certificate of Incorporation of the Registrant.   |
|                            |   |                                                                                                                                                                                             |
| 3.9[5]                          | --     | Certificate                    Eliminating Reference to Series C 8% Convertible Preferred stock                    from the                    Certificate of Incorporation of the Registrant.   |
|                            |   |                                                                                                                                                                                             |
| 3.10[20]                        | --     | Certificate                    of Amendment, filed August 9, 2004, to Certificate of Incorporation                    of the                    Registrant.                                      |
|                            |   |                                                                                                                                                                                             |
| 4.2[2]                          | --     | Form                    of Common Stock certificate.                                                                                                                                             |
|                            |   |                                                                                                                                                                                             |
| 4.3[4]                          | --     | Warrant                    Agreement, dated January 14, 2000, between the Registrant and                    Bruce. R.                    Kalisch.                                                |
|                            |   |                                                                                                                                                                                             |
| 4.4[6]                          | --     | Warrant                    Agreement, dated April 18, 2000, between the Registrant and Peter                    J.                    Solomon Company Limited.                                   |
|                            |   |                                                                                                                                                                                             |
| 4.5[7]                          | --     | Form                    of Warrant issued to each seller of shares of ICTS,                    Inc.                                                                                              |
|                            |   |                                                                                                                                                                                             |
| 4.6[14]                         | --     | Common                    Stock Purchase Warrant issued in September 2003, to purchase                    45,000 shares                    of the Registrant’s common stock.               |
|                            |   |                                                                                                                                                                                             |
| 4.7[17]                         | --     | Common                    Stock Purchase Warrant issued to placement agent on March 29,                    2004.                                                                                 |
|                            |   |                                                                                                                                                                                             |
| 10.1[9]                         | --     | Employment                    Agreement between the Registrant and Dr. Arol I. Buntzman, dated                    January                    1, 2003.                                            |

----

|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.2[9]   | --     | Employment                      Agreement between the Registrant and Dr. John J. McGrath, dated                      January 1,                      2003.                                                                                                                                                                                                                                             |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.3[9]   | --     | Employment                      Agreement between the Registrant and Richard Goldenberg, dated                      January 1,                      2003.                                                                                                                                                                                                                                              |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.4[10]  | --     | Amended                      and Restated 1998 Incentive Stock Option Plan of the                      Registrant.                                                                                                                                                                                                                                                                                     |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.5[11]  | --     | 2001                      Non-Qualified Stock Option Plan.                                                                                                                                                                                                                                                                                                                                             |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.6[9]   | --     | Form                      of Change in Control Agreement used for agreements the Registrant                      has with                      each of Dr. Arol I. Buntzman, Dr. John J. McGrath, and Richard                      Goldenberg,                      dated February 11, 2003.                                                                                                           |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.7[1]   | --     | Form                      of Indemnification Agreement.                                                                                                                                                                                                                                                                                                                                                |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.8[4]   | --     | Stock                      Purchase Agreement, dated January 14, 2000, among Bruce R.                      Kalisch,                      Interboro Holding, Inc. and Interboro Institute, Inc.                                                                                                                                                                                                         |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.9[12]  | --     | Lease                      Agreement between 444 Realty Company and Interboro Institute,                      Inc. dated                      July 27, 1983, as amended by agreements dated September 20,                      1988,                      September 1, 1992, and February 1, 1993.                                                                                                     |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.10[12] | --     | Lease                      Agreement between Interboro Institute, Inc. JUYI, Inc., dated                      January 26,                      2001.                                                                                                                                                                                                                                                   |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.11[8]  | --     | Promissory                      Note for $1,000,000, dated August 4, 2003, payable by Interboro                      Institute,                      Inc. to North Fork Bank.                                                                                                                                                                                                                          |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.12[8]  | --     | Form                      of the Registrant’s Subscription and Registration Rights Agreement                      relating to the Registrant’s August 1, 2003 issuance of common stock and                      warrants.                                                                                                                                                                  |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.13[13] | --     | Settlement                      Agreement, made October 3, 2003, between Amaranth Trading L.L.C.                      and the                      Registrant.                                                                                                                                                                                                                                         |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.14[13] | --     | Form                      of Share Claim Purchase and Registration Rights Agreement between                      the                      Registrant and each investor acquiring a portion of the Amaranth                      Trading                      L.L.C.’s rights to claims to shares of EVCI’s common stock upon conversion                      of Series B Preferred shares. |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.15[14] | --     | Third                      Amendment and Lease Extension Agreement, made as of August                      1, 2003,                      between 444 Realty Company, L.L.C. and Interboro Institute,                      Inc.                                                                                                                                                                         |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.16[15] | --     | Ownership                      and Registration Rights Agreement, dated November 11, 2003,                      between the                      Registrant and JLF Partners I, L.P., JLF Partners II, L.P.                      and JLF                      Offshore Fund.                                                                                                                           |

----

|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
|--------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.17[16]                            | --     | Employment                        Agreement between the Registrant and Joseph D. Alperin dated                        January 1,                        2004.                                                                                                                                                                                                             |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.18[16]                            | --     | Option                        Agreement between the Registrant and Joseph D. Alperin dated                        January 1,                        2004.                                                                                                                                                                                                                 |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.19[16]                            | --     | Change                        of control letter agreement between the Registrant and Joseph                        D. Alperin                        dated January 1, 2004.                                                                                                                                                                                               |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.20[16]                            | --     | Agreement,                        made February 28, 2004, between Interboro Institute, Inc.                        and OPEIU Local                        153, AFL-CIO.                                                                                                                                                                                                   |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.21[17]                            | --     | Securities                        Purchase Agreement, dated March 29, 2004, by and among the                        Registrant and                        each buyer named in the Schedule of Buyers.                                                                                                                                                                     |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.22[17]                            | --     | Registration                        Rights Agreement, dated March 29, 2004, by and among the                        Registrant and                        each buyer named in the Schedule of Buyers.                                                                                                                                                                     |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.23[18]                            | --     | Ownership                        and Registration Rights Agreement, dated April 2, 2004, by                        and among the                        Registrant and six funds managed by Wellington Management                        Company,                        LLP.                                                                                             |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.24[19]                            | --     | 2004                        Amended and Restated Incentive Stock Plan                                                                                                                                                                                                                                                                                                     |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.25[20]                            | --     | Form                        of Stock Option Agreement (Nonqualified Stock Option)                                                                                                                                                                                                                                                                                         |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.26[20]                            | --     | Form                        of Stock Option Agreement (Nonqualified Stock Option) covering                        option                        grants to executive officers that were approved at the Registrant’s July                        27, 2004 stockholders meeting.                                                                                      |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.27[21]                            | --     | Lease                        made November 17, 2003 between Spruce Spires Associates,                        LP, and Interboro                        Institute, Inc.                                                                                                                                                                                                     |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.28                        (a)[22] | --     | Sublease                        for Premises at 37-02 Main Street, Flushing, NY 11354, dated                        March 28,                        2005, between Genking, LLC and Interboro Institute, Inc.                        with Exhibit                          A and letter agreement, dated April 15, 2005, amending                          such sublease. |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.28                        (b)[22] | --     | Consent                        to Sublease, dated April 22, 2005, among Mehran Enterprises                        Ltd., Futurama                        Home Furniture of Queens, Inc., Genking, LLC and Interboro                        Institute,                        Inc.                                                                                          |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.28                        (c)[22] | --     | Sublease,                        dated March 30, 2004, between Futurama Home Furniture of                        Queens, Inc. and                        Genking, LLC.                                                                                                                                                                                                    |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.28                        (d)[22] | --     | Agreement                        of Lease, dated March 6, 2001, between Mehran Enterprise                        Ltd. and Futurama                        Home Furniture of Queens, Inc.                                                                                                                                                                                  |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                      |
| 10.30[23]                            | --     | Letter                        agreement, dated June 30, 2005, amending Employment Agreement                        between the                        Registrant and Dr. Arol I. Buntzman dated January 1,                        2003.                                                                                                                                   |

----

|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.31[23]                         | --     | Letter                        agreement, dated June 30, 2005, amending Employment Agreement                        between the                        Registrant and Dr. John J. McGrath dated January 1,                        2003.                                                                                                                                                                                                                                                                                                                                                                                          |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.32[23]                         | --     | Letter                        agreement, dated June 30, 2005, amending Employment Agreement                        between the                        Registrant and Richard Goldenberg dated January 1,                        2003.                                                                                                                                                                                                                                                                                                                                                                                           |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.33[23]                         | --     | Letter                        agreement, dated June 30, 2005, amending Employment Agreement                        between the                        Registrant and Joseph D. Alperin dated January 1, 2004.                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.34[25]                         | --     | Loft                        Lease dated as of September 1, 2004 between Getty Square                        Partners LLC and                        Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.34                        [25] | --     | Letter                        agreement dated August 18, 2004 between Getty Square Partners                        LLC and                        Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.34                        [25] | --     | First                        Amendment to Lease dated as of July 14, 2005 between Getty                        Square Partners                        LLC and Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.35                        [24] | --     | Stock                        Purchase Agreement, dated June 30, 2005, among EVCI Career                        Colleges                        Holding Corp., Technical Career Institutes, Inc., East Coast                        Training                        Services of Delaware, Inc., East Coast Capital Corp. and                        North American                        Training Services, Inc., with Exhibits (Schedules will be                        provided                        supplementally to the Securities and Exchange Commission                        upon                        request). |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 31.1**                            | --     | Certification                        of Chief Executive Officer required by Rule 13a-14(a) under                        the Exchange                        Act.                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 31.2**                            | --     | Certification                        of Chief Financial Officer required by Rule 13a-14(a) under                        the Exchange                        Act.                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 32.1**                            | --     | Certification                        of Chief Executive Officer pursuant to 18 U.S.C. Section                        1350, as adopted                        pursuant to Section 906 of Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                                                                                             |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 32.2**                            | --     | Certification                        of Chief Financial Officer pursuant to 18 U.S.C. Section                        1350, as adopted                        pursuant to Section 906 of Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                                                                                             |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 99.1[21]                          | --     | Text                        of final report, dated March 7, 2005, detailing the calculation                        of the TAP                        disallowances resulting from the TAP audit of the 2000-01                        through 2002-03                        academic years of Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                        |
|                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 99.2                        [24]  | --     | Press                        Release dated June 30, 2005 related to the announcement of                        Exhibit 10.35                        of this report.                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

----

| * | Numbers                inside brackets indicate documents from which exhibits have been                incorporated by reference. |
|---|-----------------------------------------------------------------------------------------------------------------------------------|

| ** | Filed                herewith. |
|----|--------------------------------|

----

| [1] | Incorporated                by reference to the Registrant’s Registration Statement on Form SB-2,                filed October 23, 1998, Registration No.                333-66085. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [2] | Incorporated                by reference to Amendment No. 4, dated February 10, 1999, to the                Registrant’s Form SB-2, Registration No.                333-66085. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [3] | Incorporated                by reference to Registrant’s Form 10-QSB for the quarter ended September                30, 1999. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------|

| [4] | Incorporated                by reference to the Registrant’s Form 8-K dated January 14,                2000. |
|-----|--------------------------------------------------------------------------------------------------------------------|

| [5] | Incorporated                by reference to the Registrant’s Form 8-K dated October 6,                2000. |
|-----|-------------------------------------------------------------------------------------------------------------------|

| [6] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2000. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| [7] | Incorporated                by reference to the Registrant’s Form 8-K dated July 1,                2001. |
|-----|----------------------------------------------------------------------------------------------------------------|

| [8] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| [9] | Incorporated                by reference to the Registrant’s Form 10-KSB for the year ended December                31, 2002. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------|

| [10] | Incorporated                by reference to the Registrant’s Registration Statement on Form S-8 filed                December 31, 2002, Registration No.                333-102310. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [11] | Incorporated                by reference to the Registrant’s Registration Statement on Form S-8 filed                October 23, 2001, Registration No.                333-72080. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [12] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|

| [13] | Incorporated                by reference to the Registrant’s Form 8-K dated October 10,                2003. |
|------|--------------------------------------------------------------------------------------------------------------------|

| [14] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|

| [15] | Incorporated                by reference to Amendment No. 1 to the Registrant’s Registration Statement                on Form S-3, filed December 4, 2003, Registration No.                333-110567. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [16] | Incorporated                by reference to the Registrant’s Form 10-KSB/A for the year ended December                31, 2003. |
|------|---------------------------------------------------------------------------------------------------------------------------------------|

| [17] | Incorporated                by reference to the Registrant’s Form 8-K dated March 29,                2004. |
|------|------------------------------------------------------------------------------------------------------------------|

| [18] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended June                30, 2004. |
|------|------------------------------------------------------------------------------------------------------------------------------------|

----

| [19] | Incorporated                by reference to the Registrant’s definitive Proxy Statement dated May 2,                2005. |
|------|---------------------------------------------------------------------------------------------------------------------------------|

| [20] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2004. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|

| [21] | Incorporated                by reference to the Registrant’s Form 10-KSB for the year ended December                31, 2004. |
|------|-------------------------------------------------------------------------------------------------------------------------------------|

| [22] | Incorporated                by reference to the Registrant’s Form 8-K dated March 7, 2005. |
|------|--------------------------------------------------------------------------------------------------|

| [23] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended March 31,                2005. |
|------|-----------------------------------------------------------------------------------------------------------------------------------|

| [24] | Incorporated                by reference to the Registrant’s Form 8-K dated July 1, 2005. |
|------|-------------------------------------------------------------------------------------------------|

| [25] | Incorporated                by reference to the Registrant’s Form 8-K dated July 18, 2005. |
|------|--------------------------------------------------------------------------------------------------|

----