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**UNITED      STATES **

**SECURITIES      AND EXCHANGE COMMISSION **

**Washington,      D.C. 20549 **

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**FORM      10-Q **

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| **x** | **QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT                OF 1934** |
|-------|--------------------------------------------------------------------------------------------------------------------------------|

| ** ̈** | **TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT                OF 1934** |
|------------|---------------------------------------------------------------------------------------------------------------------------------|

**PCMT      CORPORATION**

**(Exact      name of registrant as specified in its charter) **

| **Delaware**                                                                                     |   | **98-0511645**                                          |
|--------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------|
| **(State                or other jurisdiction of incorporation or                organization)** |   | **(I.R.S.                Employer Identification No.)** |
|                                                                                             |   |
| **4                Nafcha Street Jerusalem Israel**                                              |   | **95508**                                               |
| **(Address                of principal executive offices)**                                      |   | **(Zip                Code)**                           |

**(011)      (972)**
**(2)      5001128 **

**(Registrant’s      telephone number, including area code) **

**Not      Applicable **

**(Former      name, former address and former fiscal year, if changed since last report)      **

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**FORWARD-LOOKING      STATEMENTS **

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**INDEX**

**PCMT      CORPORATION**

|                                                |         |                                                                                                                     |         |     |
|-----------------------------------------------------|--------------|--------------------------------------------------------------------------------------------------------------------------|--------------|----------|
|                                                |    |                                                                                                                     |    | **Page** |
| PART                I. FINANCIAL INFORMATION        |    |                                                                                                                     |
|                                                |         |                                                                                                                     |
| Item                1.                              |    | Financial                Statements                                                                                      |         | 3        |
|                                                |         |                                                                                                                     |
| Item                2.                              |    | Management’s                Discussion and Analysis of Financial Condition and Results of                Operation |         |  8  |
|                                                |         |                                                                                                                     |
| Item                3.                              |    | Controls                and Procedures                                                                                   |         |  9  |
|                                                |         |
| PART                II. OTHER INFORMATION** ** |         |                                                                                                                     |
|                                                |         |                                                                                                                     |
| Item                1.                              |    | Legal                Proceedings                                                                                         |         | 10       |
|                                                |         |                                                                                                                     |
| Item 1A.                                       |    | Risk                Factors                                                                                              |         |  10 |
|                                                |         |                                                                                                                     |
| Item                2.** **                    |    | Unregistered                Sales of Equity Securities and Use of Proceeds                                               |         |  10 |
|                                                |         |                                                                                                                     |
| Item                3.                              |    | Defaults                Upon Senior Securities                                                                           |         |  10 |
|                                                |         |                                                                                                                     |
| Item                4.                              |    | Submission                of Matters to a Vote of Security Holders                                                       |         |  10 |
|                                                |         |                                                                                                                     |
| Item                5.                              |    | Other                Information                                                                                         |         |  10 |
|                                                |         |                                                                                                                     |
| Item 6.                                        |    | Exhibits                                                                                                                 |         |  10 |
|                                                |         |                                                                                                                     |
|                                                |    | Signatures                                                                                                               |         |  11 |

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**PART      I. FINANCIAL INFORMATION **

| **ITEM 1.** | **FINANCIAL                STATEMENTS** |
|------------------|-----------------------------------------|

|  **PCMT                  CORPORATION**                                   |   |
|-------------------------------------------------------------------------------|--------|
|  **(A                  DEVELOPMENT STAGE COMPANY)**                      |   |
| **BALANCE                  SHEET (NOTE 2)**                                   |   |
|  **(unaudited)**                                                         |   |
|                                                                          |   |   |   |   |   |
| **ASSETS**                                                                    |   |   |   |   |   |
|                                                                          |   | **As                  of** |   | **As                  of** |   |
|                                                                          |   | **March** |   | **December** |   |
|                                                                          |   | **31,** |   | **31,** |   |
|                                                                          |   | **2007** |   | **2006** |   |
| **Current                  Assets:**                                          |   |   |   |   |   |
| Cash                  in bank                                                 |   | $ | 35,766 |   | $ | 13,595 |   |
| Prepaid                  expenses                                             |   |   | 2,000 |   |   | 2,000 |   |
|                                                                          |   |   |   |   |   |   |   |
| Total                  current assets                                         |   |   | 37,766 |   |   | 15,595 |   |
|                                                                          |   |   |   |   |   |   |   |
| **Total                  Assets**                                             |   | $ | 37,766 |   | $ | 15,595 |   |
|                                                                          |   |   |   |   |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS' (DEFICIT)**                  |   |   |   |   |   |   |   |
|                                                                          |   |   |   |   |   |   |   |
| **Current                  Liabilities:**                                     |   |   |   |   |   |   |   |
| Accounts                  payable - Trade                                     |   | $ | 1,364 |   | $ | 1,500 |   |
| Accrued                  office rent - Related party                          |   |   | 1,752 |   |   | 852 |   |
| Due                  to stockholder                                           |   |   | 200 |   |   | 200 |   |
|                                                                          |   |   |   |   |   |   |   |
| Total                  current liabilities                                    |   |   | 3,316 |   |   | 2,552 |   |
|                                                                          |   |   |   |   |   |   |   |
| Total                  liabilities                                            |   |   | 3,316 |   |   | 2,552 |   |
|                                                                          |   |   |   |   |   |   |   |
| **Commitments                  and Contingencies**                            |   |   |   |   |   |   |   |
|                                                                          |   |   |   |   |   |   |   |
| **Stockholders'                  Equity:**                                    |   |   |   |   |   |   |   |
| Common                  stock, par value $.0001 per share, 100,000,000 shares |   |   |   |   |   |   |   |
| authorized;                  4,510,000 and 3,770,000 shares issued            |   |   |   |   |   |   |   |
| and                  outstanding, respectively                                |   |   | 451 |   |   | 377 |   |
| Additional                  paid-in capital                                   |   |   | 49,800 |   |   | 31,374 |   |
| Less                  - Common stock subscriptions receivable                 |   |   | (1,000 | ) |   | (11,501 | ) |
| (Deficit)                  accumulated during the development stage           |   |   | (14,801 | ) |   | (7,207 | ) |
|                                                                          |   |   |   |   |   |   |   |
| Total                  stockholders' equity                                   |   |   | 34,450 |   |   | 13,043 |   |
|                                                                          |   |   |   |   |   |   |   |
| **Total                  Liabilities and Stockholders' Equity**               |   | $ | 37,766 |   | $ | 15,595 |   |

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| **PCMT                  CORPORATION**                          |   |
|---------------------------------------------------------------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                  |   |
|  **STATEMENTS                  OF OPERATIONS (NOTE 2)**        |   |
|  **(unaudited)**                                               |   |
|                                                                |   |   |   |   |   |
|                                                                |   | **Three                  Months** |   |   |   |
|                                                                |   | **Ended** |   | **Cumulative** |   |
|                                                                |   | **March                  31,** |   | **From** |   |
|                                                                |   | **2007** |   | **Inception** |   |
|                                                                |   |   |   |   |   |
| **Revenues**                                                        |   | $ | - |   | $ | - |   |
|                                                                |   |   |   |   |   |   |   |
| **Expenses:**                                                       |   |   |   |   |   |   |   |
|  General                  and administrative-                  |   |   |   |   |   |   |   |
|  Professional                  fees                            |   |   | 5,864 |   |   | 9,864 |   |
|  Officers'                  compensation paid by issued shares |   |   | - |   |   | 250 |   |
|  Office                  rent                                  |   |   | 900 |   |   | 1,752 |   |
|  Other                                                         |   |   | 829 |   |   | 1,434 |   |
|  Legal                  fees - Organization costs              |   |   | - |   |   | 1,500 |   |
|                                                                |   |   |   |   |   |   |   |
|  Total                  general and administrative expenses    |   |   | 7,593 |   |   | 14,800 |   |
|                                                                |   |   |   |   |   |   |   |
| **(Loss)                  from Operations**                         |   |   | (7,593 | ) |   | (14,800 | ) |
|                                                                |   |   |   |   |   |   |   |
| **Other                  Income (Expense)**                         |   |   | - |   |   | - |   |
|                                                                |   |   |   |   |   |   |   |
| **Provision                  for income taxes**                     |   |   | - |   |   | - |   |
|                                                                |   |   |   |   |   |   |   |
| **Net                  (Loss)**                                     |   | $ | (7,593 | ) | $ | (14,800 | ) |
|                                                                |   |   |   |   |   |   |   |
| **(Loss)                  Per Common Share:**                       |   |   |   |   |   |   |   |
|  (Loss)                  per common share - Basic and Diluted  |   | $ | (0.00 | ) |   |   |   |
|                                                                |   |   |   |   |   |   |   |
| **Weighted                  Average Number of Common Shares**       |   |   |   |   |   |   |   |
|  **Outstanding                  - Basic and Diluted**          |   |   | 4,366,222 |   |   |   |   |

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|  **PCMT                  CORPORATION**                            |   |
|------------------------------------------------------------------------|--------|
|  **(A                  DEVELOPMENT STAGE COMPANY)**               |   |
|  **STATEMENTS                  OF CASH FLOWS (NOTE 2)**           |   |
|  **(unaudited)**                                                  |   |
|                                                                   |   |   |   |   |   |
|                                                                   |   | **Period                  Ended** |   | **Cumulative** |   |
|                                                                   |   | **March                  31,** |   | **From** |   |
|                                                                   |   | **2007** |   | **Inception** |   |
|                                                                   |   |   |   |   |   |
| **Operating                  Activities:**                             |   |   |   |   |   |
|  Net                  (loss)                                      |   | $ | (7,593 | ) | $ | (14,800 | ) |
|  Adjustments                  to reconcile net (loss) to net cash |   |   |   |   |   |   |   |
|  provided                  by operating activities:               |   |   |   |   |   |   |   |
|  Common                  stock issued for officers' compensation  |   |   | - |   |   | 250 |   |
|  Changes                  in net liabilities-                     |   |   |   |   |   |   |   |
|  Prepaid                  rent                                    |   |   | - |   |   | (2,000 | ) |
|  Accounts                  payable - Trade                        |   |   | (136 | ) |   | 1,364 |   |
|  Accrued                  liabilities                             |   |   | 900 |   |   | 1,752 |   |
|                                                                   |   |   |   |   |   |   |   |
| **Net                  Cash Used in Operating Activities**             |   |   | (6,829 | ) |   | (13,434 | ) |
|                                                                   |   |   |   |   |   |   |   |
| **Investing                  Activities:**                             |   |   |   |   |   |   |   |
|  Cash                  provided by investing activities           |   |   | - |   |   | - |   |
|                                                                   |   |   |   |   |   |   |   |
| **Net                  Cash Provided by Investing Activities**         |   |   | - |   |   | - |   |
|                                                                   |   |   |   |   |   |   |   |
| **Financing                  Activities:**                             |   |   |   |   |   |   |   |
|  Issuance                  of common stock for cash               |   |   | 29,000 |   |   | 49,000 |   |
|  Due                  to stockholder                              |   |   | - |   |   | 200 |   |
|                                                                   |   |   |   |   |   |   |   |
| **Net                  Cash Provided by Financing Activities**         |   |   | 29,000 |   |   | 49,200 |   |
|                                                                   |   |   |   |   |   |   |   |
| **Net                  Increase in Cash**                              |   |   | 22,171 |   |   | 35,766 |   |
|                                                                   |   |   |   |   |   |   |   |
| **Cash                  - Beginning of Period**                        |   |   | 13,595 |   |   | - |   |
|                                                                   |   |   |   |   |   |   |   |
| **Cash                  - End of Period**                              |   | $ | 35,766 |   | $ | 35,766 |   |
|                                                                   |   |   |   |   |   |   |   |
| **Supplemental                  Disclosure of Cash Flow Information:** |   |   |   |   |   |   |   |
|  Cash                  paid during the period for:                |   |   |   |   |   |   |   |
|  Interest                                                         |   | $ | - |   | $ | - |   |
|  Income                  taxes                                    |   | $ | - |   | $ | - |   |

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**PCMT      CORPORATION**

**NOTES      TO CONDENSED FINANCIAL STATEMENTS**

**(UNAUDITED)**

**1.      Basis of presentation**

** **
*Financial      Statement Presentation*

*Loss      per Common Share*

*Estimates*

**2.**
**Development      Stage Activities and Going Concern**

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**3.**
**Recent      Accounting Pronouncements**

*“Accounting      for Servicing of Financial Assets,”*
*”      Accounting for Transfers and Servicing of Financial Assets and Extinguishments      of Liabilities.*

*Accounting      for Uncertainty in Income Taxes - an Interpretation of FASB statement No.      109*

*Fair      Value Measurements*

*Employers’      Accounting for Defined Benefit Pension and Other Postretirement Plans - an      amendment of FASB Statements No. 87, 88, 106 and 132(R)*

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| **ITEM 2.** | **MANAGEMENT’S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.** |
|------------------|----------------------------------------------------------------------------------------------------------------|

*You      should read the following discussion in conjunction with the consolidated      financial statements and the corresponding notes included elsewhere in this      Quarterly Report. Certain statements contained in this Management’s Discussion      and Analysis of Financial Condition and Results of Operation are forward-looking      statements within the meaning of the Private Securities Litigation Reform Act      of      1995. See “Forward-Looking Statements.” Such statements are subject to risks,      uncertainties and other factors, which could cause actual results to differ      materially from future results expressed or implied by such forward-looking      statements. *

**Background**

 

|   | · | opening                a series of stores in religious areas in Israel to exploit the continuing                improvement in the Israeli economy, growth in the computer market,                and the                increasing penetration of technology across the religious community;                and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | establishing                similar stores in overseas locations which are centers of other religious                communities, including, religious Jewish communities, particularly                in the                United States and England. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Plan      of Operation **

| Year                     |   | Location                                           |
|--------------------------|--------|----------------------------------------------------|
| Year                  1: |   | Jerusalem                  and Bnei Brak           |
| Year                  2: |   | Modi’in                  Ilit and Betar Ilit |
| Year                  3: |   | Petach                  Tikva and Jerusalem        |
| Year                  4: |   | Bnei                  Brak and Jerusalem           |

| Year                     |   | Location                                     |
|--------------------------|--------|----------------------------------------------|
| Year                  2: |   | Borough                  Park, NY            |
| Year                  3: |   | Monsey,                  NY and Brooklyn, NY |
| Year                  4: |   | London,                  UK                  |

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|   | a) | Access                to additional religious communities across Israel and                overseas; |
|--------|----|------------------------------------------------------------------------------------------------------|

|   | b) | Increased                profit margins by obtaining improved prices and payment terms from                suppliers due to purchasing products in higher                volumes; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) | Increased                scale of operations will allow access to major contracts and to large                institutional customers; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------|

|   | d) | Opportunity                to market ourselves as a national and then international brand, building                recognition and enabling a far more active approach to                marketing; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e) | Possibility                of centralizing service capability, enabling faster throughput and                higher                volume of business; |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f) | Option                of obtaining exclusive distribution rights from certain manufacturers                not                currently active in the Israeli                market; |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g) | Expanding                the product range. |
|--------|----|---------------------------------------------|

**Going      Concern Consideration **

**Off-Balance      Sheet Arrangements**

| **ITEM 3.** | **CONTROLS                AND PROCEDURES** |
|------------------|--------------------------------------------|

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**PART      II. OTHER INFORMATION **

| **ITEM 1.** | **LEGAL                PROCEEDINGS.** |
|------------------|---------------------------------------|

| **ITEM 1A.** | **RISK                FACTORS.** |
|-------------------|----------------------------------|

| **ITEM 2.** | **UNREGISTERED                SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.** |
|------------------|---------------------------------------------------------------------------------|

| **ITEM 3.** | **DEFAULTS                UPON SENIOR SECURITES.** |
|------------------|----------------------------------------------------|

| **ITEM 4.** | **SUBMISSION                OF MATTERS TO A VOTE OF SECURITY HOLDERS.** |
|------------------|-------------------------------------------------------------------------|

| **ITEM 5.** | **OTHER                INFORMATION.** |
|------------------|---------------------------------------|

| **ITEM 6.** | **EXHIBITS** |
|------------------|--------------|

| **Exhibit****Number**  |         |   |         | **Exhibit                Description**                                                                                                                                                                                                                   |
|-----------------------------|--------------|--------|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                        |         |   |         |                                                                                                                                                                                                                                                     |
| 3.1               |    | -      |    | Certificate                of Incorporation of the Company incorporated herein from Exhibit                3.1 of                our Registration Statement of Form SB-2, filed on March 12, 2007,                file                number 333-141221. |
|                        |         |   |         |                                                                                                                                                                                                                                                     |
| 3.2               |    | -      |    | Bylaws                of Company incorporated herein from Exhibit 3.2 of our Registration                Statement of Form SB-2, filed on March 12, 2007, file number                333-141221.                                                         |

| 31   |    | -      |    | Rule                  13a-14(a)/15d-14(a) Certification of Principal Executive and Financial                  Officer* |
|----------------|--------------|--------|--------------|------------------------------------------------------------------------------------------------------------------------|
|           |         |   |
| 32   |    | -      |    | Section                  1350 Certification of Principal Executive and Financial                  Officer*             |

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

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SIGNATURES      

|                                                                                                                                               |   |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| By:                 /s/                Nachman Shlomo Kohen                                                                                   |   |   |        |
| Nachman                Shlomo Kohen                                                                                                                |   |   |        |
| President,                Chief Executive Officer, Treasurer and Director (principal                  executive, financial and accounting officer) |   |   |        |

| 3.1   |    | -      |    | Certificate                of Incorporation of the Company incorporated herein from Exhibit                3.1 of                our Registration Statement of Form SB-2, filed on March 12, 2007,                file                number 333-141221. |
|-----------------|--------------|--------|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |         |   |         |                                                                                                                                                                                                                                                     |
| 3.2   |    | -      |    | Bylaws                of Company incorporated herein from Exhibit 3.2 of our Registration                Statement of Form SB-2, filed on March 12, 2007, file number                333-141221.                                                         |
|            |         |   |         |                                                                                                                                                                                                                                                     |
| 31    |    | -      |    | Rule                13a-14(a)/15d-14(a) Certification of Principal Executive and Financial                Officer                                                                                                                                        |
|            |         |   |
| 32    |    | -      |    | Section                1350 Certification of Principal Executive and Financial                Officer                                                                                                                                                    |
|            |         |   |

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