**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**




(Mark
      One)


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





For
      the
      quarterly period ended September 30, 2007


or




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




For
      the
      transition period from  to




Commission
      File Number 333-141221




**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)**




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




Indicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer or a non-accelerated filer. See definition of “accelerated
      filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check
      one):





Large
      accelerated filer  ̈ Accelerated filer  ̈ Non-accelerated filer x





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).





Yes x No  ̈




There
      were 4,510,000 shares of common stock, $0.0001 par value per share, outstanding
      on November 8, 2007.





For
      purposes of this Quarterly Report, references to the “Company,” “we,” “us,” and
“our” mean PCMT Corporation.









**FORWARD-LOOKING
      STATEMENTS**




This
      Quarterly Report contains “forward-looking statements.” All statements other
      than statements of historical fact are “forward-looking statements.”
Forward-looking statements may include the words “may,” “will,” “estimate,”
“intend,” “continue,” “believe,” “expect,” “plan,” or “anticipate” and other
      similar words. Such forward-looking statements may be contained in “Management’s
      Discussion and Analysis of Financial Condition and Results of Operations,” among
      other places.




Although
      we believe the expectations reflected in our forward-looking statements are
      reasonable, actual results could differ materially from those projected or
      assumed in our forward-looking statements. Our future financial condition and
      results of operations, as well as any forward-looking statements, are subject
      to
      change and are subject to inherent risks and uncertainties, such as those
      disclosed in this Quarterly Report. Each forward-looking statement speaks only
      as of the date of the particular statement.




2




**INDEX**




**PCMT
      CORPORATION**




**Page**PART
                I. FINANCIAL INFORMATIONItem
                1.
            
            Financial
                Statements
            
            F-1Item
                2.
            
            Management’s
                Discussion and Analysis of Financial Condition and Results of
                Operation
            
            5Item
                3.
            
            Controls
                and Procedures
            
            7PART
                II. OTHER INFORMATION****Item
                1.
            
            Legal
                Proceedings
            
            8Item 1A.
            
            Risk
                Factors
            
            8Item
                2.****
            
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            
            8Item
                3.
            
            Defaults
                Upon Senior Securities
            
            8Item
                4.
            
            Submission
                of Matters to a Vote of Security Holders
            
            8Item
                5.
            
            Other
                Information
            
            8Item 6.
            
            Exhibits
            
            8Signatures
            
            9




3




**PART
      I. FINANCIAL INFORMATION**




**ITEM 1.**
            **FINANCIAL
                STATEMENTS**





**PCMT
      CORPORATION**


**(A
      DEVELOPMENT STAGE COMPANY)**


**INDEX
      TO FINANCIAL STATEMENTS**


**SEPTEMBER
      30, 2007**


**(Unaudited)**




Financial
                  Statements-Balance
                  Sheet as ofSeptember
                  30,
                  2007
              
              
              F-2Statements
                  of Operations for the Three-Months and Nine-Months EndedSeptember
                  30, 2007, and Cumulative from Inception
              
              
              F-3Statements
                  of Cash Flows for the Nine-Months Ended September 30,
                  2007,and
                  Cumulative from Inception
              
              
              F-4Notes
                  to Condensed Financial Statements September 30, 2007
              
              
              F-5


F-1


**PCMT
        CORPORATION** **(A
          DEVELOPMENT STAGE COMPANY)** **BALANCE
            SHEET (NOTE 2)** **AS
              OF SEPTEMBER 30, 2007** **(Unaudited)**
  **2007****ASSETS****Current
                  Assets:**Cash
                  in bank
              
              $
              8,745Total
                  current assets
              
              
              8,745**Other
                  Assets:**Security
                  deposit
              
              
              500Total
                  other assets
              
              
              500**Total
                  Assets**
              
              $
              9,245**LIABILITIES
                  AND STOCKHOLDERS' EQUITY****Current
                  Liabilities:**Accrued
                  liabilities
              
              $
              2,500Accrued
                  office rent - Related party
              
              
              3,552Due
                  to Director and stockholder
              
              
              200Total
                  current liabilities
              
              
              6,252Total
                  liabilities
              
              
              6,252**Commitments
                  and Contingencies****Stockholders'
                  Equity:**Common
                  stock, par value $.0001 per share, 100,000,000
                  sharesauthorized;
                  4,510,000 shares issued and outstanding
              
              
              451Additional
                  paid-in capital
              
              
              49,800Less
                  - Common stock subscription receivable
              
              
              (1
              )(Deficit)
                  accumulated during the development stage
              
              
              (47,257
              )Total
                  stockholders' equity
              
              
              2,993**Total
                  Liabilities and Stockholders' Equity**
              
              $
              9,245





The
      accompanying notes to the financial statements are


an
      integral part of this balance sheet.


F-2


**PCMT
        CORPORATION** **(A
          DEVELOPMENT STAGE COMPANY)** **STATEMENTS
            OF OPERATIONS (NOTE 2)** **FOR
              THE THREE-MONTHS AND NINE-MONTHS ENDED SEPTEMBER 30, 2007, AND** **CUMULATIVE
                FROM INCEPTION (OCTOBER 5, 2006)** **THROUGH
                  SEPTEMBER 30, 2007** **(Unaudited)**
  **Three-Months**
              
              **Nine-Months****Ended**
              
              **Ended**
              
              **Cumulative****September
                  30,**
              
              **September
                  30,**
              
              **From****2007**
              
              **2007**
              
              **Inception****Revenues**
              
              $
              -
              
              $
              -
              
              $
              -**Expenses:**General
                  and administrative-Professional
                  fees
              
              
              3,666
              
              
              36,422
              
              
              40,422Office
                  rent
              
              
              900
              
              
              2,700
              
              
              3,552Other
              
              
              -
              
              
              928
              
              
              1,533Legal
                  fees - Organization costs
              
              
              -
              
              
              -
              
              
              1,500Officers'
                  compensation paid by issued shares
              
              
              -
              
              
              -
              
              
              250Total
                  general and administrative expenses
              
              
              4,566
              
              
              40,050
              
              
              47,257**(Loss)
                  from Operations**
              
              
              (4,566
              )
              
              (40,050
              )
              
              (47,257
              )**Other
                  Income (Expense)**
              
              
              -
              
              
              
              
              
              -**Provision
                  for Income Taxes**
              
              
              -
              
              
              
              
              
              -**Net
                  (Loss)**
              
              $
              (4,566
              )
              $
              (40,050
              )
              $
              (47,257
              )**(Loss)
                  Per Common Share:**(Loss)
                  per common share - Basic and Diluted
              
              $
              (0.00
              )
              $
              (0.01
              )**Weighted
                  Average Number of Common Shares****Outstanding
                  - Basic and Diluted**
              
              
              4,510,000
              
              
              4,462,601




The
      accompanying notes to the financial statements are


an
      integral part of these statements.





F-3




**PCMT
      CORPORATION**


**(A
      DEVELOPMENT STAGE COMPANY)** **STATEMENTS
        OF CASH FLOWS (NOTE 2 )** **FOR
          THE NINE-MONTHS ENDED SEPTEMBER 30, 2007, AND** **CUMULATIVE
            FROM INCEPTION (OCTOBER 5, 2006)** **THROUGH
              SEPTEMBER 30, 2007** **(Unaudited)**


**Nine-Months****Ended**
            
            **Cumulative****September
                30,**
            
            **From****2007**
            
            **Inception****Operating
                Activities:**Net
                (loss)
            
            $
            (40,050
            )
            $
            (47,257
            )Adjustments
                to reconcile net (loss) to net cash(used
                in) operating activities:Common
                stock issued for officers' compensation
            
            
            -
            
            
            250Changes
                in net liabilities-Prepaid
                rent
            
            
            2,000
            
            
            -Security
                deposit
            
            
            (500
            )
            
            (500
            )Accounts
                payable - Trade
            
            
            (1,500
            )
            
            -Accrued
                office rent - Related party
            
            
            2,700
            
            
            3,552Accrued
                liabilities
            
            
            2,500
            
            
            2,500**Net
                Cash (Used in) Operating Activities**
            
            
            (34,850
            )
            
            (41,455
            )**Investing
                Activities:**Cash
                provided by investing activities
            
            
            -
            
            
            -**Net
                Cash Provided by Investing Activities**
            
            
            -
            
            
            -**Financing
                Activities:**Issuance
                of common stock for cash
            
            
            30,000
            
            
            50,000Due
                to Director and stockholder
            
            
            -
            
            
            200**Net
                Cash Provided by Financing Activities**
            
            
            30,000
            
            
            50,200**Net
                Increase (Decrease) in Cash**
            
            
            (4,850
            )
            
            8,745**Cash
                - Beginning of Period**
            
            
            13,595
            
            
            -**Cash
                - End of Period**
            
            $
            8,745
            
            $
            8,745**Supplemental
                Disclosure of Cash Flow Information:**Cash
                paid during the period for:Interest
            
            $
            -
            
            $
            -Income
                taxes
            
            $
            -
            
            $
            -


On
        October 10, 2006, the Company issued 10,000 shares of its common stock to
its
        Director, President and Treasurer at par value. The transaction was valued
        at
        $1.
  On
        November 3, 2006, the Company issued 2,500,000 shares of its common stock
        to
its
        Director and Corporate Secretary at par value for services rendered. The 
transaction
        was valued at $250.




The
      accompanying notes to the financial statements are


an
      integral part of these statements.


F-4


**PCMT
        CORPORATION**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **SEPTEMBER
        30, 2007**
 **(Unaudited)**




**(1)**  **Summary
      of Significant Accounting Policies**





**** *Basis
      of Presentation and Organization*





PCMT
      Corporation (“PCMT” or the “Company”) is a Delaware corporation in the
      development stage and has not commenced operations. The Company was incorporated
      under the laws of the State of Delaware on October 5, 2006. The proposed
      business plan of the Company is to establish a niche market by building up
      a
      chain of computer stores that provide products and services in Israel, focusing
      on cities with large ultra-orthodox Jewish religious communities, and then
      applying the same model to service similar and other religious communities
      in
      other countries. The accompanying financial statements of PCMT were prepared
      from the accounts of the Company under the accrual basis of
      accounting.





In
      November 2006, the Company began a capital formation activity through a Private
      Placement Offering (“PPO”), exempt from registration under the Securities Act of
      1933, to raise up to $50,000 through the issuance of 2,000,000 shares of its
      common stock, par value $.0001 per share, at an offering price of $.025 per
      share. As of February 5, 2007, the Company had received $50,000 in proceeds
      from
      the PPO. The Company also commenced an activity to submit a Registration
      Statement on Form SB-2 to the Securities and Exchange Commissions (“SEC”) to
      register 2,000,000 of its outstanding shares of common stock on behalf of
      selling stockholders. The Company will not receive any of the proceeds of this
      registration activity once the shares of common stock are sold. The Registration
      Statement on Form SB-2 was filed with the SEC on March 12, 2007, and declared
      effective on March 29, 2007.




**  *Unaudited
      Interim Financial Statements*





The
      interim financial statements of the Company as of September 30, 2007, and for
      the three-months and nine-months ended September 30, 2007, and cumulative from
      inception, are unaudited. However, in the opinion of management, the interim
      financial statements include all adjustments, consisting only of normal
      recurring adjustments, necessary to present fairly the Company’s financial
      position as of September 30, 2007, and the results of its operations and its
      cash flows for the three-months and nine-months ended September 30, 2007, and
      cumulative from inception. These results are not necessarily indicative of
      the
      results expected for the calendar year ending December 31, 2007. The
      accompanying financial statements and notes thereto do not reflect all
      disclosures required under accounting principles generally accepted in the
      United States. Refer to PCMT’s audited financial statements as of December 31,
      2006, contained in its Registration Statement on Form SB-2 filed with the SEC
      for additional information, including significant accounting
      policies.





*Cash
      and Cash Equivalents*





For
      purposes of reporting within the statement of cash flows, the Company considers
      all cash on hand, cash accounts not subject to withdrawal restrictions or
      penalties, and all highly liquid debt instruments purchased with a maturity
      of
      three months or less to be cash and cash equivalents.




F-5


**PCMT
        CORPORATION**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **SEPTEMBER
        30, 2007**
 **(Unaudited)**
   *Revenue
      Recognition*





The
      Company is in the development stage and has yet to realize revenues from
      operations. Once the Company has commenced operations, it will recognize
      revenues when delivery of goods or completion of services has occurred provided
      there is persuasive evidence of an agreement, acceptance has been approved
      by
      its customers, the fee is fixed or determinable based on the completion of
      stated terms and conditions, and collection of any related receivable is
      probable.




*Loss
      per Common Share*





Basic
      loss per share is computed by dividing the net loss attributable to the common
      stockholders by the weighted average number of shares of common stock
      outstanding during the periods. Fully diluted loss per share is computed similar
      to basic loss per share except that the denominator is increased to include
      the
      number of additional common shares that would have been outstanding if the
      potential common shares had been issued and if the additional common shares
      were
      dilutive. There were no dilutive financial instruments issued or outstanding
      for
      the periods ended September 30, 2007.





*Income
      Taxes*





The
      Company accounts for income taxes pursuant to SFAS No. 109, “ *Accounting
      for Income Taxes”* (“SFAS
      109”). Under SFAS 109, deferred tax assets and liabilities are determined based
      on temporary differences between the bases of certain assets and liabilities
      for
      income tax and financial reporting purposes. The deferred tax assets and
      liabilities are classified according to the financial statement classification
      of the assets and liabilities generating the differences.





The
      Company maintains a valuation allowance with respect to deferred tax assets.
      The
      Company establishes a valuation allowance based upon the potential likelihood
      of
      realizing the deferred tax asset and taking into consideration the Company’s
      financial position and results of operations for the current period. Future
      realization of the deferred tax benefit depends on the existence of sufficient
      taxable income within the carryforward period under the Federal tax
      laws.





Changes
      in circumstances, such as the Company generating taxable income, could cause
      a
      change in judgment about the realizability of the related deferred tax asset.
      Any change in the valuation allowance will be included in income in the year
      of
      the change in estimate.





*Fair
      Value of Financial Instruments*





The
      Company estimates the fair value of financial instruments using the available
      market information and valuation methods. Considerable judgment is required
      in
      estimating fair value. Accordingly, the estimates of fair value may not be
      indicative of the amounts the Company could realize in a current market
      exchange. As of September 30, 2007, the carrying value of accrued liabilities,
      accrued office rent - related party, and a loan from a Director and stockholder
      approximated fair value due to the short-term nature and maturity of these
      instruments.




F-6


**PCMT
        CORPORATION**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **SEPTEMBER
        30, 2007**
 **(Unaudited)**
  *Deferred
        Offering Costs*


The
      Company defers as other assets the direct incremental costs of raising capital
      until such time as the offering is completed. At the time of the completion
      of
      the offering, the costs are charged against the capital raised. Should the
      offering be terminated, deferred offering costs are charged to operations during
      the period in which the offering is terminated.





*Concentration
      of Risk*





As
      of
      September 30, 2007, the Company maintained its cash account at one commercial
      bank. The balance in the account was subject to FDIC coverage.





*Common
      Stock Registration Expenses*





The
      Company considers incremental costs and expenses related to the registration
      of
      equity securities with the SEC, whether by contractual arrangement as of a
      certain date or by demand, to be unrelated to original issuance transactions.
      As
      such, subsequent registration costs and expenses are reflected in the
      accompanying financial statements as general and administrative expenses, and
      are expensed as incurred.





*Lease
      Obligations*





All
      noncancellable leases with an initial term greater than one year are categorized
      as either capital or operating leases. Assets recorded under capital leases
      are
      amortized according to the methods employed for property and equipment or over
      the term of the related lease, if shorter.





*Estimates*





The
      financial statements are prepared on the basis of accounting principles
      generally accepted in the United States. The preparation of financial statements
      in conformity with generally accepted accounting principles requires management
      to make estimates and assumptions that affect the reported amounts of assets
      and
      liabilities as of September 30, 2007, and expenses for the three-months and
      nine-months ended September 30, 2007, and cumulative from inception. Actual
      results could differ from those estimates made by management.





**(2)**  **Development
      Stage Activities and Going Concern**





The
      Company is currently in the development stage, and has no operations. The
      proposed business plan of the Company is to establish a niche market by building
      up a chain of computer stores that provide products and services in Israel,
      focusing on cities with large ultra-orthodox Jewish religious communities,
      and
      then applying the same model to service similar and other religious communities
      in other countries.




F-7


**PCMT
        CORPORATION**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **SEPTEMBER
        30, 2007**
 **(Unaudited)**




During
      the period from inception (October 5, 2006) through September 30, 2007, the
      Company was incorporated, received initial working capital through a loan from
      a
      Director and stockholder, and commenced a capital formation activity to raise
      up
      to $50,000 from the sale of 2,000,000 shares of common stock through a PPO
      to
      various stockholders. As of February 5, 2007, the Company had raised $50,000
      in
      proceeds from the PPO. The Company also commenced an activity to submit a
      Registration Statement on Form SB-2 to the SEC to register 2,000,000 of its
      outstanding shares of common stock on behalf of selling stockholders. The
      Company will not receive any of the proceeds of this registration activity
      once
      the shares of common stock are sold. The Registration Statement on Form SB-2
      was
      filed with the SEC on March 12, 2007, and declared effective on March 29,
      2007.





The
      accompanying financial statements have been prepared in conformity with
      accounting principles generally accepted in the United States of America, which
      contemplate continuation of the Company as a going concern. The Company has
      not
      established any source of revenue to cover its operating costs, and as such,
      has
      incurred an operating loss since inception. Further, as of September 30, 2007,
      the cash resources of the Company were insufficient to meet its current business
      plan. These and other factors raise substantial doubt about the Company’s
      ability to continue as a going concern. The accompanying financial statements
      do
      not include any adjustments to reflect the possible future effects on the
      recoverability and classification of assets or the amounts and classification
      of
      liabilities that may result from the possible inability of the Company to
      continue as a going concern.





**(3)**  **Loan
      from Director and Stockholder**





As
      of
      September 30, 2007, a loan from an individual who is a Director, officer and
      stockholder of the Company amounted to $200. The loan was provided for working
      capital purposes, and is unsecured, non-interest bearing, and has no terms
      for
      repayment.





**(4)**  **Common
      Stock**





On
      October 10, 2006, the Company issued 10,000 shares of its common stock to its
      Director, President, and Treasurer at par value. The transaction was valued
      at
      $1.




On
      November 3, 2006, the Company issued 2,500,000 of its common stock to its
      Director and Corporate Secretary for services rendered. The transaction was
      valued at the par value of the common stock, or $250.




F-8


**PCMT
        CORPORATION**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **SEPTEMBER
        30, 2007**
 **(Unaudited)**




On
      November 5, 2006, the Board of Directors of the Company approved a PPO, exempt
      from registration under the Securities Act of 1933, to raise up to $50,000
      through the issuance of 2,000,000 shares of its common stock, par value $.0001
      per share, at an offering price of $.025 per share. The PPO had an offering
      period of 180 days. As of February 5, 2007, the Company had received cash
      proceeds from the PPO amounting to $50,000 related to the issuance of 2,000,000
      shares of common stock.




The
      Company also commenced an activity to submit a Registration Statement on Form
      SB-2 to the SEC to register 2,000,000 of its outstanding shares of common stock
      on behalf of selling stockholders. The Company will not receive any of the
      proceeds of this registration activity once the shares of common stock are
      sold.
      The Registration Statement on Form SB-2 was filed with the SEC on March 12,
      2007, and declared effective on March 29, 2007.





**(5)**  **Income
      Taxes**





The
      provision (benefit) for income taxes for the three-months and nine-months ended
      September 30, 2007, was as follows (assuming a 15% effective tax
      rate):


**Three-Months**
              
              **Nine-Months****Ended**
              
              **Ended****September
                  30,**
              
              **September
                  30,****2007**
              
              **2007**Current
                  Tax Provision:Federal-Taxable
                  income
              
              $
              -
              
              $
              -Total
                  current tax provision
              
              $
              -
              
              $
              -Deferred
                  Tax Provision:Federal-Loss
                  carryforwards
              
              $
              685
              
              $
              6,008Change
                  in valuation allowance
              
              
              (685
              )
              
              (6,008
              )Total
                  deferred tax provision
              
              $
              -
              
              $
              -
  The
          Company had deferred income tax assets as of September 30, 2007, as
          follows:
  **2007**Loss
                  carryforwards
              
              $
              7,089Less
                  - Valuation allowance
              
              
              (7,089
              )Total
                  net deferred tax assets
              
              $
              -




F-9


**PCMT
        CORPORATION**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **SEPTEMBER
        30, 2007**
 **(Unaudited)**




The
      Company provided a valuation allowance equal to the deferred income tax assets
      for the periods ended September 30, 2007, because it is not presently known
      whether future taxable income will be sufficient to utilize the loss
      carryforwards.





As
      of
      September 30, 2007, the Company had approximately $47,257 in tax loss
      carryforwards that can be utilized in future periods to reduce taxable income,
      and expire in the year 2027.





**(6)**  **Related
      Party Transactions**





As
      described in Note 3, as of September 30, 2007, the Company owed $200 to an
      individual who is a Director, President, Treasurer, and stockholder of the
      Company.





As
      described in Note 4, the Company has issued 10,000 shares of its common stock
      to
      its Director, President, and Treasurer at par value. The transaction was valued
      at $1.





As
      described in Note 4, the Company has entered into a transaction with an officer
      and Director of the Company for his services, and has issued a total of
      2,500,000 shares of its common stock at a value of $250.





Effective
      October 5, 2006, the Company entered into a verbal agreement with an individual
      who is a Director, President, Treasurer, and stockholder of the Company to
      lease
      250 square feet of office space for operations in Jerusalem, Israel. The monthly
      lease rental amount is $300, and the term of the lease arrangement is
      month-to-month. As of September 30, 2007, the Company had accrued $3,552 in
      office rent expenses related to the lease.





**(7)**  **Commitments**





As
      discussed in Note 6, the Company entered into a verbal agreement for the lease
      of office space on a month-to-month basis with an individual who is a Director,
      officer, and stockholder of the Company. The monthly lease amount is
      $300.





**(8)**  **Recent
      Accounting Pronouncements**





In
      September 2006, the FASB issued SFAS No. 157, “ *Fair
      Value Measurements* .”
This
      statement defines fair value, establishes a framework for measuring fair value
      in generally accepted accounting principles, and expands disclosure about fair
      value measurements. This statement applies under other accounting pronouncements
      that require or permit fair value measurement, the FASB having previously
      concluded in those accounting pronouncements that fair value is the relevant
      measurement attribute. This statement does not require any new fair value
      measurements. However, for some entities, the application of the statement
      will
      change current practice. This statement is effective for financial statements
      issued for fiscal years beginning after November 15, 2007, and interim periods
      within those fiscal years. The management of the Company does not believe that
      this new pronouncement to have a material impact on its financial
      statements.




F-10




**PCMT
        CORPORATION**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **SEPTEMBER
        30, 2007**
 **(Unaudited)**


In
      September 2006, the FASB issued SFAS No. 158, “ *Employers’
      Accounting for Defined Benefit Pension and Other Postretirement Plans - an
      amendment of FASB Statements No. 87, 88, 106 and 132(R)* .”
This
      statement improves financial reporting by requiring an employer to recognize
      the
      overfunded or underfunded status of a defined benefit postretirement plan (other
      than a multi-employer plan) as an asset or liability in its statement of
      financial position and to recognize changes in that funded status in the year
      in
      which the changes occur through comprehensive income of a business entity or
      changes in unrestricted net assets for a not-for-profit organization. This
      statement also improves financial reporting by requiring an employer to measure
      the funded status of a plan as of the date of its year-end statement of
      financial position, with limited exceptions. The management of the Company
      does
      not believe that this new pronouncement to have a material impact on its
      financial statements.





In
      February 2007, the FASB issued SFAS No. 159, " *The
      Fair Value Option for Financial Assets and Financial Liabilities - Including
      An
      Amendment of FASB Statement No. 115* ,"
      which
      permits entities to measure many financial instruments and certain other items
      at fair value that are not currently required to be measured at fair value.
      An
      entity would report unrealized gains and losses on items for which the fair
      value option has been elected in earnings at each subsequent reporting date.
      The
      objective is to improve financial reporting by providing entities with the
      opportunity to mitigate volatility in reported earnings caused by measuring
      related assets and liabilities differently without having to apply complex
      hedge
      accounting provisions. The decision about whether to elect the fair value option
      is applied instrument by instrument, with a few exceptions; the decision is
      irrevocable; and it is applied only to entire instruments and not to portions
      of
      instruments. SFAS No. 159 requires disclosures that facilitate comparisons
      (a)
      between entities that choose different measurement attributes for similar assets
      and liabilities and (b) between assets and liabilities in the financial
      statements of an entity that selects different measurement attributes for
      similar assets and liabilities. SFAS No. 159 is effective for financial
      statements issued for fiscal years beginning after November 15, 2007. Early
      adoption is permitted as of the beginning of a fiscal year provided the entity
      also elects to apply the provisions of SFAS No. 157. Upon implementation, an
      entity shall report the effect of the first re-measurement to fair value as
      a
      cumulative-effect adjustment to the opening balance of retained earnings. Since
      the provisions of SFAS No. 159 are applied prospectively, any potential impact
      will depend on the instruments selected for fair value measurement at the time
      of implementation. The management of the Company does not believe that this
      new
      pronouncement will have a material impact on its financial
      statements.




**(9)**  **Subsequent
      Events**


On
        October 18, 2007, the Company appointed an individual as Chief Financial
        Officer
        (“CFO”). On October 23, 2007, an employment agreement was entered into with the
        CFO. This agreement provides that the CFO will receive a base salary of $3,000
        per quarter and $5,000 per annual audit. This agreement is effective until
        the
        next annual general meeting of the shareholders of the Company or until his
        successor is elected or appointed.




On
      October 18, 2007, the Company entered into a Letter Agreement with Suspect
      Detection Systems Ltd. (“SDS”). The agreement allows the Company to conduct a
      due diligence review of SDS and its technology for the purpose of entering
      into
      a future transaction on terms and conditions to be negotiated. As part of the
      agreement, the Company has paid to SDS the amount of $20,000, and is required
      to
      pay SDS an additional $20,000 on November 11, 2007, and December 11, 2007,
      respectively.





On
      October 2, 2007, the Board of Directors of the Company resolved to commence
      a
      private placement offering, exempt from registration under the Securities Act
      of
      1933, to raise up to $100,000 through the issuance of 2,500,000 shares of its
      common stock, par value $0.0001 per share, at an offering price of $0.04 per
      share. As of November 2, 2007, the Company had subscribed 1,600,000 shares
      related to the offering to 14 foreign investors, resulting in gross proceeds
      of
      $64,000.





F-11




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




*You
      should read the following discussion in conjunction with the unaudited 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**




We
      were
      formed and incorporated in the State of Delaware on October 5, 2006. We are
      a
      development stage company with no operations and no revenues. Our auditors
      have
      issued a going concern opinion. This means that our auditors believe there
      is
      substantial doubt that we can continue as an on-going business for the next
      twelve months. We do not anticipate that we will generate significant revenues
      until we have completed our business plan to open computer retail stores in
      several religious communities and have generated revenues from such stores.
      Accordingly, we must raise additional capital from sources other than our
      operations in order to implement our business plan.





We
      intend
      to initiate our operations both in Israel and overseas by:





·
            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




5




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





In
      our
      management's opinion, there is a current and rapidly growing need for these
      types of stores and services in religious Jewish communities, particularly
      in
      Israel and the United States, as well as in other religious communities, such
      as
      Mormon communities, conservative Catholic communities, concentrated centers
      of
      evangelical Christians, and religious Muslim communities.





**Plan
      of Operation**





We
      intend
      to build our business both in Israel and overseas as follows:





In
      Israel, we plan to open two new stores each year. The current schedule for
      the
      opening of stores in Israel is as follows:





Year
            
            LocationYear
                1:
            
            Jerusalem
                and Bnei BrakYear
                2:
            
            Modi’in
                Ilit and Betar IlitYear
                3:
            
            Petach
                Tikva and JerusalemYear
                4:
            
            Bnei
                Brak and Jerusalem




Overseas,
      we plan, as well, to open two new stores each year after the first
      year:





Year
            
            LocationYear
                2:
            
            Borough
                Park, NYYear
                3:
            
            Monsey,
                NY and Brooklyn, NYYear
                4:
            
            London,
                UK




We
      expect
      that our establishment and expansion in Israel and overseas will require us
      to
      hire and then increase the number of employees we need in both our technical
      support and marketing departments.




We
      believe that we will derive several important benefits from our planned
      expansion:





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.




6




We
      will
      consider franchising and other arrangements with business partners to enable
      our
      expansion to be achieved quickly and profitably.




We
      do not
      have sufficient resources to effectuate our business. As of September 30, 2007,
      we had approximately $8,745 in cash. As of February 5, 2007, we raised $50,000
      in cash by the sale of 2,000,000 shares of our common stock pursuant to
      Regulations S promulgated under the Securities Act of 1933, as amended. We
      expect to incur a minimum of $138,000 in expenses during the next twelve months
      of operations. We estimate that this will be comprised of the following
      expenses: $100,000 to open two stores in Israel; $20,000 in marketing expenses
      and $18,000 will be needed for general overhead expenses such as for corporate
      legal and accounting services, office overhead and general working capital.
      Other than as described in this paragraph, we have no other financing plans
      at
      this time.





Accordingly,
      we will have to raise the funds to pay for these expenses. We may have to borrow
      money from shareholders or issue debt or equity or enter into a strategic
      arrangement with a third party. There can be no assurance that additional
      capital will be available to us. We currently have no agreements, arrangements
      or understandings with any person to obtain funds through bank loans, lines
      of
      credit or any other sources. Since we have no such arrangements or plans
      currently in effect, our inability to raise funds for a marketing program will
      have a severe negative impact on our ability to remain a viable
      company.





**Going
      Concern Consideration**




Our
      independent auditors included an explanatory paragraph in their report on our
      financial statements for the year ended December 31, 2006, included in our
      Registration Statement on Form SB-2 filed on March 12, 2007, regarding concerns
      about our ability to continue as a going concern. Our financial statements
      contain additional note disclosures describing the circumstances that lead
      to
      this disclosure by our independent auditors.





**Off-Balance
      Sheet Arrangements**





None.




**ITEM 3.**
            **CONTROLS
                AND PROCEDURES**





As
      of the
      end of the quarter covered by this Report, the Company carried out an
      evaluation, under the supervision and with the participation of the Company’s
      Principal Executive Officer/Principal Accounting Officer (one person), of the
      effectiveness of the design and operation of the Company’s disclosure controls
      and procedures. The Company’s disclosure controls and procedures are designed to
      produce a reasonable level of assurance of achieving the Company’s disclosure
      control objectives. The Company’s Principal Executive Officer/Principal
      Accounting Officer has concluded that the Company’s disclosure controls and
      procedures were, in fact, adequate and effective to ensure that material
      information relating to the Company that is required to be disclosed by the
      Company in reports that it files or submits under the Securities Exchange Act
      of
      1934, as amended, is recorded, processed, summarized and reported within the
      time periods specified in rules of the U. S. Securities and Exchange Commission
      (the “Commission”) and accumulated and communicated to the Company’s management,
      including its Principal Executive Officer/Principal Accounting Officer, to
      allow
      timely decisions regarding required disclosure.




In
      connection with the evaluation of the Company’s internal controls during the
      quarter covered by this Report, the Company‘s Principal Executive
      Officer/Principal Accounting Officer (one person) has determined that there
      are
      no changes to the Company’s internal controls over financial reporting that has
      materially affected, or is reasonably likely to materially effect, the Company’s
      internal controls over financial reporting.


7


**PART
      II. OTHER INFORMATION**




**ITEM 1.**
            **LEGAL
                PROCEEDINGS.**





We
      know
      of no existing or pending legal proceedings against us, nor are we involved
      as a
      plaintiff in any proceeding or pending litigation. There are no proceedings
      in
      which any of our directors, officers or any of their respective affiliates,
      or
      any beneficial shareholder, is an adverse party or has a material interest
      adverse to our interest.





**ITEM 1A.**
            **RISK
                FACTORS.**




No
      material changes have occurred to our indicated risk factors as disclosed in
      our
      Registration Statement of Form SB-2, filed on March 12, 2007.  The risk
      factors are incorporated herein from our Registration Statement of Form SB-2,
      filed on March 12, 2007.




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




On
      October 2, 2007, the Board of Directors of the Company resolved to commence
      a
      private placement offering, exempt from registration under the Securities Act
      of
      1933, to raise up to $100,000 through the issuance of 2,500,000 shares of its
      common stock, par value $0.0001 per share, at an offering price of $0.04 per
      share. As of October 18, 2007, the Company had subscribed 1,600,000 shares
      related to the offering to 14 foreign investors, resulting in gross proceeds
      of
      $64,000.




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




None.




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




None.




**ITEM 5.**
            **OTHER
                INFORMATION.**




On
      October 18, 2007, the Company entered into a Letter Agreement with Suspect
      Detection Systems Ltd. (“SDS”). The agreement allows the Company to conduct a
      due diligence review of SDS and its technology for the purpose of entering
      into
      a future transaction on terms and conditions to be negotiated. As part of the
      agreement, the Company has paid to SDS the amount of $20,000, and is required
      to
      pay SDS an additional $20,000 on November 11, 2007, and December 11, 2007,
      respectively.







**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.




8




SIGNATURES




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


PCMT
                CORPORATIONDated:
                November 8, 2007
            By:
            /s/
                Nachman Shlomo KohenNachman
                Shlomo KohenPresident,
                Chief Executive Officer, Treasurer and Director
                (principal
                  executive, financial and accounting officer)




9




EXHIBIT
      INDEX





Exhibits
      filed with this report:





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
                Officer32
            
            -
            Section
                1350 Certification of Principal Executive and Financial
                Officer




10