UNITED
      STATES


SECURITIES
      AND EXCHANGE COMMISSION


Washington,
      D.C. 20549





**FORM
      10-KSB**





(Mark
      One)





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





For
      the
      fiscal year ended December 31, 2007





o
            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: 000-52792





**PCMT
      CORPORATION** ****


(Exact
      name of registrant as specified in its charter)





**Delaware**
              (State
                or other jurisdiction of incorporation)
            **98-0511645**
              (IRS
                Employer Identification No.)




4
      Nafcha Street, Jerusalem, Israel 95508


(Address
      of principal executive offices)





972
      (2) 5001128


(Registrant's
      telephone number, including area code)





Securities
      registered pursuant to Section 12(b) of the Act: None





Securities
      registered pursuant to section 12(g) of the Act: Common Stock, $0.0001 par
      value





Check
      whether the issuer is not required to file reports pursuant to Section 13 or
      15(d) of the Exchange Act.  o





Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 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 o





Check
      if
      there is no disclosure of delinquent filers in response to Item 405 of
      Regulation S-B contained in this Form, and no disclosure will be contained,
      to
      the best of Registrant's knowledge, in definitive proxy or information
      statements incorporated by reference in Part II of this Form 10-KSB or any
      amendment to this Form 10-KSB. 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 o





The
      issuer’s revenues for its most recent fiscal year were $-0-





The
      aggregate market value of issuer’s voting common stock is not able to be
      determined as there is no bid and ask price of such common stock.





The
      number of shares of the issuer’s common stock issued and outstanding as of March
      13, 2008, was 64,334,386 shares.





Documents
      Incorporated By Reference: None





Transitional
      Small Business Issuer Disclosure Format (check one): Yes o No x










**TABLE
      OF CONTENTS**


**Page****PART
                  I**Item
                  1.
              
              Description
                  of Business
              
              3Item
                  1A.
              
              Risk
                  Factors
              
              6Item
                  2.
              
              Description
                  of Property
              
              11Item
                  3.
              
              Legal
                  Proceedings
              
              11Item
                  4.
              
              Submission
                  of Matters to a Vote of Security Holders
              
              11**PART
                  II**Item
                  5.
              
              Market
                  for Common Equity and Related Stockholder Matters and Small Business
                  Issuer Purchases of Equity Securities
              
              11Item
                  6.
              
              Management’s
                  Discussion and Analysis or Plan of Operation
              
              13Item
                  7.
              
              Financial
                  Statements
              
              F-1Item
                  8.
              
              Changes
                  In and Disagreements With Accountants on Accounting and Financial
                  Disclosure
              
              15Item
                  8A.
              
              Controls
                  and Procedures
              
              15Item
                  8B.
              
              Other
                  Information
              
              15**PART
                  III**Item
                  9.
              
              Directors,
                  Executive Officers, Promoters, Control Persons, and Corporate Governance;
                  Compliance With Section 16(a) of the Exchange Act
              
              15Item
                  10.
              
              Executive
                  Compensation
              
              16Item
                  11.
              
              Security
                  Ownership of Certain Beneficial Owners and Management and Related
                  Stockholder Matters
              
              17Item
                  12.
              
              Certain
                  Relationships and Related Transactions, and Director
                  Independence
              
              17Item
                  13.
              
              Exhibits
              
              18Item
                  14.
              
              Principal
                  Accountant Fees and Services
              
              18SIGNATURES
              
              
              
              20CERTIFICATIONS





2




**PART
      I**





As
      used
      in this Form 10-KSB, references to the “Company,” the “Registrant,” “we,” “our,”
or “us” refer to PCMT Corporation, unless the context otherwise
      indicates *.*





**Forward-Looking
      Statements**





This
      Annual Report on Form 10-KSB (this “Report”) contains forward-looking
      statements. For this purpose, any statements contained in this Report that
      are
      not statements of historical fact may be deemed to be forward-looking
      statements. Forward-looking information includes statements relating to future
      actions, prospective products, future performance or results of current or
      anticipated products, sales and marketing efforts, costs and expenses, interest
      rates, outcome of contingencies, financial condition, results of operations,
      liquidity, business strategies, cost savings, objectives of management, and
      other matters. You can identify forward-looking statements by those that are
      not
      historical in nature, particularly those that use terminology such as “may,”
“will,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,”
“believes,” “plans,” “projected,” “predicts,” “potential,” or “continue” or the
      negative of these similar terms. The Private Securities Litigation Reform Act
      of
      1995 provides a “safe harbor” for forward-looking information to encourage
      companies to provide prospective information about themselves without fear
      of
      litigation so long as that information is identified as forward-looking and
      is
      accompanied by meaningful cautionary statements identifying important factors
      that could cause actual results to differ materially from those projected in
      the
      information.





These
      forward-looking statements are not guarantees of future performance and involve
      risks, uncertainties, and assumptions that we cannot predict. In evaluating
      these forward-looking statements, you should consider various factors, including
      the following: (a) those risks and uncertainties related to general economic
      conditions, (b) whether we are able to manage our planned growth efficiently
      and
      operate profitable operations, (c) whether we are able to generate sufficient
      revenues or obtain financing to sustain and grow our operations, and (d)
      whether we are able to successfully fulfill our primary requirements for cash,
      which are explained below under “Liquidity and Capital Resources.” We assume no
      obligation to update forward-looking statements, except as otherwise required
      under the applicable federal securities laws.





**Item
      1.**  **Description
      of Business.**





**Corporate
      Background**





We
      were
      incorporated in the State of Delaware under the name PCMT Corporation on October
      5, 2006, to engage in any lawful corporate undertaking. We are a development
      stage company and have not generated any revenues or commenced operations.
      Our
      initial intent was to focus on offering computer hardware and software products
      to religious consumers, with an initial emphasis on ultra-orthodox Jewish
      communities in Israel. The ultra-orthodox customers' purchasing requirements
      of
      computers differ from the general population. We plan to service the
      ultra-orthodox market by (a) opening stores in neighborhoods where there is
      a
      high percentage of ultra-orthodox individuals, (b) providing shopping hours
      geared to the daily routines of this community, (c) leveraging our understanding
      of the specific needs and requirements of the ultra-orthodox community, and
      (d)
      providing service offerings that are geared to the religious and cultural needs
      of the ultra-orthodox community. Our goal is to create a niche market by first
      building up a chain of stores focusing on cities with large ultra-orthodox
      Jewish religious communities, and then applying the same model to service other
      religious communities around the world.





We
      intend
      to be able to offer and configure our computer products to meet the specific
      needs of various religious communities. The computer products sold by us will
      include internet filter and parental control software, website blocking
      applications, e-mail applications, and suitable internet browsers that will
      enable our customers to use their computers in accordance with the strictures
      of
      their religious worldview. In addition, we intend to provide flexible store
      hours that will cater to the specific needs of customers in the regions where
      our stores will be located.





We
      do not
      currently have sufficient capital to open retail stores or operate our business,
      and, even assuming the success of this offering, we may require additional
      funding in the future to sustain our operations. There is no assurance that
      we
      will have revenue in the future or that we will be able to secure the necessary
      funding to develop our business.




3





**Due
      Diligence of Suspect Detection Systems**





On
      October 18, 2007, the Company entered into a Letter Agreement with Suspect
      Detection Systems Ltd. (“SDS”), a corporation in Israel, pursuant to which SDS
      which the officers, accountants, counsel, bankers, and other representatives
      of
      the Company are permitted 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. In consideration
      therefore, the SDS agreed that it will not, directly or indirectly, solicit
      any
      offers or enter into a business combination or enter into any discussions with
      any other party.





As
      previously disclosed in the Company’s Current Report on Form 8-K filed with the
      Securities and Exchange Commission on October 26, 2007, on November 14, 2007,
      the Company entered into a Letter of Intent (the “Letter of Intent”) with SDS,
      pursuant to which the Company intends to acquire all of the issued and
      outstanding capital stock of SDS. In consideration thereof, the Company will
      issue to the shareholders of SDS no less than 28,600,000 shares of the Company’s
      common stock, or such number of shares of the Company’s common stock
      representing no less than 31% of the our issued and outstanding shares of common
      stock.





**SDS
      TECHNOLOGY -** The
      COGITO1002 system is a technology-based concept and solution for the detection
      of suspects harboring malicious intent at border control and/or other
      checkpoints or work places, whether or not they are carrying a weapon or other
      device on their person or in their belongings. The flexible design concept
      of
      the system allows SDS to function as a “multi-purpose application,” which can be
      easily adapted to different environments. In this manner, the system can be
      used
      to counter terrorism activity, as well as for additional border control
      applications such as immigration, drug enforcement, entry to high-security
      buildings, etc. Once an individual is tagged as “suspect” s/he will be directed
      to further questioning by the appropriate authority.




The
      SDS
      core technology is based on proprietary software - an “expert system” that
      emulates an investigator’s Modus Operandi by incorporating artificial
      intelligence advance algorithms for “soft decision-making” such as “Neural
      Networks” and “Fuzzy Logic.” All hardware elements are best-of-breed,
      off-the-shelf third-party components. The technical solution is comprised of
      a
      front-end, the ‘Test Station,’ and a back-office where multiple-station and
      multiple-site data is stored, managed and distributed. ‘Test Station’ (the
      front-end of the system) serves as the point-of-contact with the individual
      being examined. The Test Station features an ergonomic design and is adapted
      to
      the environmental conditions (limited space, necessity to queue, etc.) common
      to
      border control points. The back-office is designed to manage and control all
      the
      test stations in a given site. It serves as the central unit that stores all
      test histories and traveler profiles and is responsible for system
      administration, data distribution and interfacing to external systems and
      databases. The back-office servers, database storage, and network elements
      are
      based on standard industrial hardware components. The back-office is designed
      for high availability and best-of-breed data security. SDS has issued a
      provisional PATENT application for the US.




**SDS
      MARKET** - SDS
      market environment is the private internal threat security sector and the local
      and national homeland security authorities. SDS main customers are private
      critical infrastructure companies (oil, gas, electricity, and water), diamond
      industry, financial enterprises, governmental agencies, and police forces.
      The
      governmental agencies including border control, customs, drug prevention
      agencies, police and secret services. Within the homeland security arena, SDS
      addresses the screening and interrogation technologies.  These services are
      estimated by various analysts to be 6 billion dollar revenue a year market
      -
      worldwide. SDS and others are developing a new segment within the checkpoint
      screening market - behavior based screening technology. This market is estimated
      in the size of more hundreds of million dollars a year and is expected to grow
      rapidly in the next few years. SDS has recently signed a marketing agreement
      with Raytheon which will promote SDS product into the US public and private
      sector.




4






**SUSPECT
      DETECTION SYSTEMS LTD (SDS)** was
      founded in the year 2004 by former senior officials of Israeli security and
      experienced veterans of the high-tech industry. SDS specializes in developing
      innovative Homeland Security technologies based on extensive counter-terrorism
      know-how accumulated in Israel and worldwide. SDS team includes former senior
      Mossad and Shabac (ISA) specialists, former executives of "FORTUNE 500"
      companies with R&D, marketing, and sales capabilities.




SDS
      HAS
      DEVELOPED the “Cogito” line of products which is based on proprietary
      technologies and offers a unique solution and concept to effectively screen
      masses of individuals and identify those harboring malicious intent. The
“Cogito” is designed to address the needs of different vertical markets
      including Human Resource Management, Transportation, Security, Law Enforcement,
      and Asset Management, making it an indispensable tool in the fight against
      fraud, crime and international terrorism. SDS technology has won the RFP issued
      by the **US
      Transport Security Agency (TSA)** of the
      Homeland Security office. Furthermore, SDS’s **COGITO** has
      passed the "proof of concept" stage and successfully installed and tested in
      international airports by the **ISRAEL
      SECURITY AUTHORITTIES** and the **TRANSPORT
      SECURITY AGENCY** ( **TSA)** of the
      United States. Due to the COGOTO successful trials the TSA has issued for SDS
      an
      additional fund for additional development of the systems in the year 2007.





The
      closing of the transaction contemplated by the Letter of Intent will occur
      after, among others, the Company has raised a minimum of $500,000 in a private
      placement approved by the Board of Directors of the Company, and the delivery
      of
      audited financial statements of SDS. While each party is responsible for its
      own
      expenses relating to the transaction contemplated by the Letter of Intent,
      the
      Company agreed that it will pay SDS up to $20,000 for accountant’s fees for
      obtaining the Israel Tax Authority approval satisfactory to SDS, and up to
      $15,000 for legal fees upon submission of itemized invoices.





**Competition**




The
      industry is highly competitive however SDS has
      identified few potential competitors:




WeCU
      -
      developing algorithms and software for remote stimulation and analysis of
      hostile intent. The concept behind WeCU is that short remote stimuli can
      generate enough differentiate data to detect hostile intent with reasonable
      false positive and negative.




Nemesysco
      - develops and markets voice stress analysis lie detector. This tool is aimed
      at
      remote sensing of people attempting to lie during interview.





5







Our
      corporate offices are located at 4 Nafcha Street, Jerusalem, Israel 95508.
      Our
      telephone number is (972) (2) 5001128.




**Employees**





We
      currently have no employees other than our officers and Directors. We intend
      to
      hire employees to commence operations.






**Item
      1A.**  **Risk
      Factors.**





*An
      investment in our shares involves a high degree of risk, and our shares should
      not be purchased by anyone who cannot afford to lose his entire investment.
      You
      should consider carefully the risks set forth in this section, together with
      the
      other information contained in this prospectus, before making a decision to
      invest in us. The risks and uncertainties described below are not the only
      material risks that we face.**Additional
      risks not presently known to us, or that we consider immaterial, may also impair
      our business operations.****Any
      of the following risks could materially adversely affect our business, operating
      results, or financial condition, and could cause a decline or total loss in
      the
      price of our common stock or the value of your investment**.*




**Risks
      Related to our Business and our Industry**




***1.
      We have a going concern opinion from our auditors, indicating the possibility
      that we may not be able to continue to operate*** *.*





The
      Company has incurred a net loss of $82,037 for the fiscal year ending December
      31 2007, and we currently have no source of revenues. Therefore, we may be
      unable to continue operations in the future as a going concern. No adjustment
      has been made in the accompanying financial statements to the amounts and
      classification of assets and liabilities which adjustment may have to be made
      should we be unable to continue as a going concern. If we cannot continue as
      a
      viable entity, our stockholders may lose some or all of their investment in
      the
      Company.





***2.
      We are a development stage company and may never be able to execute our business
      plan*** *.*





We
      were
      incorporated on October 5, 2006. We currently have no customers or revenues.
      Although we have begun initial planning for the establishment of computer retail
      stores, we may not be able to execute our business plan. There can be no
      assurance that we will ever achieve any revenues or profitability. The revenue
      and income potential of our proposed business and operations are unproven,
      and
      the lack of an operating history makes it difficult to evaluate the future
      prospects of our business.





***3.
      We have no operating history and have maintained losses since inception, which
      we expect to continue in the future.***





We
      incurred a net loss of $82,037 for the fiscal year ending December 31 2007.
      We
      expect to continue to incur operating losses in future periods. These losses
      will occur because we do not yet have any revenues to offset the expenses
      associated with the initial costs of commencing operations, opening retail
      stores, purchasing equipment and software, as well as other costs associated
      with retail operations. We cannot guarantee that we will ever be successful
      in
      generating sufficient revenues. We recognize that if we are unable to generate
      sufficient revenues, we will not be able to earn profits or continue
      operations.




6





There
      is
      no history upon which to base any assumption as to the likelihood that we will
      prove successful, and we can provide investors with no assurance that we will
      generate any operating revenues or ever achieve profitable operations. If we
      are
      unsuccessful in addressing these risks, our business will most likely
      fail.




***4.
      We cannot predict our success because our business model is unproven and we
      currently have no retail operations.***





Our
      business model is untested in the retail national computer sales market and
      our
      ability to generate revenues or profits is unproven on a wide scale basis.
      We
      have no operating history, which makes it difficult to project our performance.
      Our prospects will be dependent upon our ability to effectively implement our
      business model and adapt to the needs and requirements of the religious retail
      market. If our business model is not viable or if we are unable to identify
      and
      address changes in our market, we will not be able to establish our business,
      compete effectively, or achieve profitability.





***5.
      We depend upon the approval of religious clerics such as Rabbis, Ministers,
      and
      Imams who have influence over their followers.***





While
      our
      products and services do not require kosher certification, since we plan to
      sell
      to the ultra-orthodox religious Jewish communities, we may be required to obtain
      the approval of leading rabbis in the respective religious communities. An
      example of such is the *Eida
      Charedit* in
      Israel. There is a risk that we will not be able to obtain the approval of
      the
      heads of these communities. Even if we obtain initial approval, the relevant
      authorities may change the criteria for acceptability of computer products
      and
      services in their respective religious communities. In such circumstances,
      we
      may be precluded from selling our products in a specific religious retail
      market. Failure to obtain the necessary clerical imprimaturs could have a
      material adverse effect on us and our financial performance.





***6.
      Our business plan may be unsuccessful.***





The
      success of our business plan is dependent on our establishing a reputation
      and
      market-share in our target market. Our ability to penetrate this market is
      unproven, and our lack of operating history makes it difficult to validate
      our
      business plan.




***7.
      If we were to lose the services of our key personnel, we may not be able to
      execute our business strategy which could result in the failure of our business.***




Our
      future ability to execute our business plan depends upon the continued service
      of our executive officers and the hiring of qualified support personnel. If
      we
      were to lose the services of one or more of our executive officers or if we
      are
      unable to hire and retain key employees, our business may be adversely affected.
      We cannot assure you that we will be able to retain or replace our key
      personnel.




***8.
      We depend upon third parties to develop products and
      software.***




Our
      business depends upon the continued development of new and enhanced Personal
      Computer hardware and Personal Computer software. Our business could suffer
      due
      to the failure of manufacturers to develop new or enhanced products, a decline
      in the continued technological development and use of Personal Computers, or
      the
      failure of software publishers to develop new software for current or future
      generation PC hardware.




***9.
      Pressure from our competitors may force us to reduce our prices or increase
      spending, which could decrease our profitability.***




The
      retail computer sales industry in Israel is intensely competitive and subject
      to
      rapid changes in consumer preferences and frequent new product introductions.
      We
      compete with mass merchants and regional chains, including Office Depot, Super
      Center, and Shekem Electric; computer product and consumer electronics stores,
      including Bug; other computer products specialty stores; mail-order businesses;
      catalogs; direct sales by software publishers; and online retailers. We also
      compete with sellers of used computer products. Some of our competitors in
      the
      retail computer sales industry have longer operating histories and may have
      greater financial resources than we do. If we lose customers to our competitors,
      or if we reduce our prices or increase our spending to maintain our customers,
      we may be less profitable.




7




***10.
      International events could delay or prevent the delivery of products to our
      suppliers.***




Our
      suppliers rely on foreign sources, primarily in Asia, to manufacture a portion
      of the products we purchase from them. As a result, any event causing a
      disruption of imports, including the imposition of import restrictions or trade
      restrictions in the form of tariffs or quotas, could increase the cost and
      reduce the supply of products available to us, which could lower our sales
      and
      profitability.




***11.
      Our proposed international operations expose us to numerous
      risks.***




We
      are
      planning to commence retail operations in Israel, the United States, and Europe
      and are therefore subject to a number of factors that may affect our current
      or
      future international operations. These include:




·
            economic
                downturns;·
            currency
                exchange rate fluctuations;·
            international
                incidents;·
            government
                instability; and·
            an
                increasing number of competitors entering our current and potential
                markets.




***12.
      If we are unable to enter into leases on favorable terms, our revenue growth
      may
      decline.***




All
      of
      our retail stores will be located in leased premises. We may not be able to
      enter into leases on favorable terms or at all, or we may not be able to locate
      suitable sites for new stores in religious communities in a timely manner.
      Our
      revenues and earnings may decline if we fail to enter into suitable leases
      or
      find additional sites for new store expansion.




***13.
      Our failure to effectively manage new store openings could lower our sales
      and
      profitability.***




Our
      business strategy is largely dependent upon opening new stores and operating
      them profitably. We expect to open approximately two stores in fiscal 2007.
      Our
      ability to open stores and operate them profitably depends upon a number of
      factors, some of which may be beyond our control. These factors
      include:




·
            the
                ability to identify new store locations, negotiate suitable leases,
                and
                build out the stores in a timely and cost efficient
                manner;·
            the
                ability to hire and train skilled associates;·
            the
                ability to integrate new stores into our existing
                operations; and·
            the
                ability to increase sales at new store
                locations.




Our
      growth will also depend on our ability to process increased merchandise volume
      resulting from new store openings through our inventory management systems
      and
      distribution facilities in a timely manner. If we fail to manage new store
      openings in a timely and cost efficient manner, our revenues may be adversely
      affected.




8




Risks
      Related to the
      Offering




***14.
      There is no active trading market for our common stock, and our stockholders
      may
      not be able to resell their shares at or above the price at which they purchased
      their shares, or at all.***




Our
      common stock has been eligible to be traded on the Over-The-Counter Bulletin
      Board since June 6 2007, under the ticker symbol PCMT. There is currently no
      active market for our common stock and we can provide no assurance that a market
      will develop. In the event an active trading market does not develop or if
      out
      shares are delisted from the OTC Bulletin Board, stockholders may not be able
      to
      re-sell the shares of our common stock that they have purchased and may lose
      all
      of their investment.




Even
      if a
      trading market develops, we cannot predict how liquid that market might become.
      Even if an active trading market does develop, the trading price of our common
      stock is likely to be highly volatile and could be subject to wide fluctuations
      in price in response to various factors, some of which are beyond our control.
      These factors include:




·
            Quarterly
                variations in our results of operations or those of our
                competitors;·
            Announcements
                by us or our competitors of acquisitions, new products, significantcontracts,
                commercial relationships, or capital commitments;·
            Disruption
                to our operations;·
            Commencement
                of, or our involvement in, litigation;·
            Any
                major change in our Board or management;·
            Changes
                in governmental regulations or in the status of our regulatory approvals;
                and·
            General
                market conditions and other factors, including factors unrelated
                to our
                own operating performance.




In
      addition, the stock market in general has experienced extreme price and volume
      fluctuations that have often been unrelated or disproportionate to the operating
      performance of such public companies. Such fluctuations may be even more
      pronounced in the trading market shortly following this offering. These broad
      market and industry factors may seriously harm the market price of our common
      stock, regardless of our actual operating performance. In addition, in the
      past,
      following periods of volatility in the overall market and the market price
      of a
      company’s securities, securities class action litigation has often been
      instituted against these companies. This litigation, if instituted against
      us,
      could result in substantial costs and a diversion of our management’s attention
      and resources.




***15.
      Future sales by our stockholders could cause the stock price to
      decline.***





No
      predictions can be made of the effect, if any, that market sales of shares
      of
      common stock or the availability of such shares for sale will have on the market
      price prevailing from time to time. Nevertheless, sales of significant amounts
      of our common stock could adversely affect the prevailing market price of the
      common stock, as well as impair our ability to raise capital through the
      issuance of additional equity securities.





***16.
      State securities laws may limit secondary trading, which may restrict the states
      in which you can sell the shares offered by this
      prospectus*** *.*





You
      may
      not be able to resell the shares in any state unless and until the shares of
      our
      common stock are qualified for secondary trading under the applicable securities
      laws of such state or there is confirmation that an exemption, such as listing
      in certain recognized securities manuals, is available for secondary trading
      in
      such state. There can be no assurance that we will be successful in registering
      or qualifying our common stock for secondary trading, or identifying an
      available exemption for secondary trading in our common stock in every state.
      If
      we fail to register or qualify, or to obtain or verify an exemption for the
      secondary trading of, our common stock in any particular state, the shares
      of
      common stock could not be offered or sold to, or purchased by, a resident of
      that state. In the event that a significant number of states refuse to permit
      secondary trading in our common stock, the market for the common stock will
      be
      limited which could drive down the market price of our common stock and reduce
      the liquidity of the shares of our common stock and a stockholder's ability
      to
      resell shares of our common stock at all or at current market prices, which
      could increase a stockholder's risk of losing some or all of his
      investment.




9




***17.
      Our stock is a penny stock. Trading of our stock may be restricted by the SEC's
      penny stock regulations and the NASD's sales practice requirements, which may
      limit a stockholder's ability to buy and sell our
      stock.***





If
      a
      trading market does develop for our stock, it is likely we will be subject
      to
      the regulations applicable to "Penny Stock." The regulations of the SEC
      promulgated under the Exchange Act that require additional disclosure relating
      to the market for penny stocks in connection with trades in any stock defined
      as
      a penny stock. The SEC regulations define penny stocks to be any non-NASDAQ
      equity security that has a market price of less than $5.00 per share, subject
      to
      certain exceptions. Unless an exception is available, those regulations require
      the broker-dealer to deliver, prior to any transaction involving a penny stock,
      a standardized risk disclosure schedule prepared by the SEC, to provide the
      customer with current bid and offer quotations for the penny stock, the
      compensation of the broker-dealer and its salesperson in the transaction,
      monthly account statements showing the market value of each penny stock held
      in
      the purchaser’s account, to make a special written determination that the penny
      stock is a suitable investment for the purchaser and receive the purchaser's
      written agreement to the transaction. These disclosure requirements may have
      the
      effect of reducing the level of trading activity, if any, in the secondary
      market for a stock that becomes subject to the penny stock rules. Consequently,
      these penny stock rules may affect the ability of broker-dealers to trade our
      securities. We believe that the penny stock rules discourage market investor
      interest in and limit the marketability of our common stock.





In
      addition to the "penny stock" rules promulgated by the Securities and Exchange
      Commission, the NASD has adopted rules that require that in recommending an
      investment to a customer, a broker-dealer must have reasonable grounds for
      believing that the investment is suitable for that customer. Prior to
      recommending speculative low priced securities to their non-institutional
      customers, broker-dealers must make reasonable efforts to obtain information
      about the customer's financial status, tax status, investment objectives, and
      other information. Under interpretations of these rules, the NASD believes
      that
      there is a high probability that speculative low priced securities will not
      be
      suitable for at least some customers. The NASD requirements make it more
      difficult for broker-dealers to recommend that their customers buy our common
      stock, which may limit your ability to buy and sell our stock.




***18.
      Provisions under Delaware law could discourage a takeover that stockholders
      may
      consider favorable.*******




Delaware
      law also could make it more difficult for a third party to acquire us.
      Specifically, Section 203 of the Delaware General Corporation Law may have
      an
      anti-takeover effect with respect to transactions not approved in advance by
      our
      Board of Directors, including discouraging attempts that might result in a
      premium over the market price for the shares of common stock held by our
      stockholders.




**Risks
      Related to Location in Israel**




***19.
      Conditions in Israel may limit our ability to operate, which would lead to
      a
      decrease in revenues.***




Because
      we intend to establish our first stores in Israel and our principal offices
      are
      located in Jerusalem, Israel, our operations are directly affected by economic,
      political, and military conditions affecting Israel. Specifically, we could
      be
      adversely affected by:




·
              any
                  major hostilities involving
                  Israel;




·
              a
                  full or partial mobilization of the reserve forces of the Israeli
                  army;




·
              the
                  interruption or curtailment of trade between Israel and its present
                  trading partners;




·
              risks
                  associated with the fact that a significant number of our employees
                  and
                  key officers reside in what are commonly referred to as occupied
                  territories; and




·
              a
                  significant downturn in the economic or financial conditions in
                  Israel.




***20.
      The change in the exchange rate between the United States dollar and foreign
      currencies is volatile and may negatively impact our costs which could adversely
      affect our operating results.***




When
      operating in Israel, we will incur a certain amount of our expenses for our
      operations in Israel in New Israeli Shekels (NIS) and translate these amounts
      into United States dollars for purposes of reporting operating results. As
      a
      result, fluctuations in foreign currency exchange rates may adversely affect
      our
      expenses and results of operations as well as the value of our assets and
      liabilities. Fluctuations may adversely affect the comparability of
      period-to-period results. In addition, we hold foreign currency balances,
      primarily NIS, which will create foreign exchange gains or losses, depending
      upon the relative values of the foreign currency at the beginning and end of
      the
      reporting period, which may affect our net income and earnings per share.
      Although we may use hedging techniques in the future (which we currently do
      not
      use), we may not be able to eliminate the effects of currency fluctuations.
      Thus, exchange rate fluctuations could have a material adverse impact on our
      operating results and stock price.




10




***21.
      We are subject to certain employee severance obligations, which may result
      in an
      increase in our expenditures.***




Under
      Israeli law, employers are required to make severance payments to dismissed
      employees and employees leaving employment in certain other circumstances,
      on
      the basis of the latest monthly salary for each year of service. When we hire
      employees for our operations in Israel, this obligation may result in an
      increase in our expenditures.





**Item
      2.**  **Description
      of Property.**





Our
      corporate headquarters are located at 4 Nafcha Street, Jerusalem, 95508 Israel.
      We lease such space on a month-to-month basis from our President. Monthly rent
      payments for base rent are approximately $300 per month. ****





**Item
      3.**  **Legal
      Proceedings.**





There
      are
      no pending legal proceedings to which the Company is a party or in which any
      Director, officer, or affiliate of the Company, any owner of record or
      beneficially of more than 5% of any class of voting securities of the Company,
      or security holder is a party adverse to the Company or has a material interest
      adverse to the Company. The Company’s property is not the subject of any pending
      legal proceedings.





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





During
      the period ending December 31, 2007, there has not been any matter which was
      submitted to a vote of the Company’s shareholders through the solicitation of
      proxies or otherwise.





**PART
      II**





**Item
      5.**  **Market
      for Common Equity and Related Stockholder Matters and Small Business Issuer
      Purchases of Equity Securities.**





**Market
      Information**





Our
      common stock has been eligible to be traded on the Over-The-Counter Bulletin
      Board since June 6, 2007, under the ticker symbol PCMT. As of March 13, 2008,
      there were 64,334,386 shares of common stock issued and
      outstanding..





**Dividends**





We
      have
      never declared or paid any cash dividends on our common stock nor do we
      anticipate paying any in the foreseeable future. Furthermore, we expect to
      retain any future earnings to finance our operations and expansion. The payment
      of cash dividends in the future will be at the discretion of our Board of
      Directors and will depend upon our earnings levels, capital requirements, any
      restrictive loan covenants, and other factors the Board considers relevant.





**Equity
      Compensation Plans**





We
      do not
      have any equity compensation plans.





**Recent
      Sales of Unregistered Securities; Use of Proceeds from Registered
      Securities**





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 20,000,000 (post forward
      stock split) shares of its common stock, par value $.0001 per share, at an
      offering price of $0.0025 per share. As of February 5, 2007, the Company had
      received $50,000 in proceeds from the PPO.




11




On
        March
        12, 2007, the Company filed a Registration Statement on Form SB-2 with the
        SEC
        to register 20,000,000 (post forward stock split) of its outstanding
        shares of common stock on behalf of selling stockholders, which was declared
        effective on March 29, 2007. The Company did not, and will not receive any
        of
        the proceeds of this registration activity once the shares of common stock
        are
        sold.


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 25,000,000 (post
      forward stock split) shares of its common stock, par value $0.0001 per
      share, at an offering price of $0.004 per share. As of November 2, 2007, the
      Company had subscribed 1,630,000 shares related to the offering to 14 foreign
      investors, resulting in gross proceeds of $65,200.





On
      November 14, 2007, the Registrant notified the NASD of its intention
      to implement a 10-for-1 share forward stock split of its issued and outstanding
      common stock to the holders of record as of November 23, 2007. The forward
      stock
      split will become effective as of November 26, 2007.





In
      November 2007, the Company began a third capital formation activity , to raise
      up to $2,500,000 through the issuance of 16,666,666 units. The purchase price
      of
      each unit is $0.15. Each unit contains one share of common stock, one warrant
      giving the holder the right to purchase one share of common stock for $0.25,
      which is exercisable for one year, and one warrant giving the holder the right
      to purchase one share of common stock for $0.375, which is exercisable for
      three
      years from the date of issuance. As of December 31, 2007, the Company had
      subscribed 2,621,666 units and had received $393,250 in proceeds and a stock
      subscription receivable of $15,000. As of March 6, 2008, the Company had
      subscribed an additional 2,161,670 units resulting in additional proceeds of
      approximately $294,250 and a subscription receivable of $30,000. As of March
      6,
      2008, the Company had issued stock certificates for 2,883,336 shares of common
      stock from the 4,783,336 units subscribed and is continuing with the Private
      Placement Offering.




On
      December 5, 2007, the Company entered into a written commitment with a
      third-party attorney to provide legal services and assistance with required
      SEC
      filings. As part of this agreement, the Company issued to the attorney 100,000
      (post forward stock split) shares of common stock on said date valued at
      $10,500.




**Purchases
      of equity securities by the issuer and affiliated
      purchasers**




We
      have
      not repurchased any shares of our common stock during the fiscal year ended
      December 31, 2007.





**Stock
      Option Grants**





Since
      our
      inception on October 5, 2006, we have not granted any stock
      options.





**Securities
      Authorized for Issuance under Equity Compensation Plans**





None.




12





**Item
      6.**  **Management’s
      Discussion and Analysis or Plan Operation**





*The
      following discussion of our plan of operation should be read in conjunction
      with
      the financial statements and related notes that appear elsewhere in this
      prospectus. This discussion contains forward-looking statements that involve
      risks and uncertainties. Our actual results could differ materially from those
      anticipated in these forward-looking statements as a result of various factors,
      including those discussed in “Risk Factors.”*  *All
      forward-looking statements speak only as of the date on which they are made.
      We
      undertake no obligation to update such statements to reflect events that occur
      or circumstances that exist after the date on which they are
      made.*




**Background**




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 cash from sources other than our operations in order to implement our
      business plan.





We
      intend
      to initiate our operations both in Israel and overseas over the next four years
      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





·
            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**





Within
      the next 12 months, the Company intends on completing the acquisition of SDS
      pursuant to the Letter of Intent. Accordingly, the Company intends to complete
      and execute a definitive agreement with SDS and raise the funds required
      pursuant to the terms of the Letter of Intent and complete its acquisition
      of
      SDS. In the event, we fail to acquire SDS as per the terms of the letter of
      intent, over the next 12 months we intend to conduct our original business
      plan
      as discussed follows:





Over
      the
      next four years 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




13




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.





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




**Liquidity
      and Capital Resources**





In
      the
      event we consummate the transaction with SDS, we will require approximately
      $1
      million for the next 12 months of operations .




We
      do not
      have sufficient resources to effectuate our current business. As of December
      31,
      2007, we had $6,245 available in cash. We expect to incur a minimum of $138,000
      in expenses during the next 12 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**




We
      are a
      development stage company with no operations and no revenues. Our registered
      independent 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 12 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. Our
      registered independent auditors included an explanatory paragraph in their
      report on the accompanying financial statements 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 registered independent auditors.




**Off-Balance
      Sheet Arrangements**





None.




14




**Item
      7.**  **Financial
      Statements**




**PCMT
        CORPORATION**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **INDEX
        TO FINANCIAL STATEMENTS**
 **DECEMBERR
        31, 2007, AND 2006**
 Report
                    of Registered Independent Auditors
                
                
                F-2Financial
                    Statements-Balance
                    Sheet as of December 31, 2007
                
                
                F-3Statements
                    of Operations for the Year then Ended December 31, 2007, the
                    Period Ended
                    December 31, 2006, and Cumulative from Inception
                
                
                F-4Statements
                    of Cash Flows for the Year then Ended December 31, 2007, the
                    Period Ended
                    December 31, 2006, and Cumulative from Inception
                
                
                F-6Notes
                    to Financial Statements December 31, 2007, and 2006
                
                
                F-7
  F-1
 **REPORT
        OF REGISTERED INDEPENDENT AUDITORS**
  To
        the
        Board of Directors and Stockholders of
 PCMT
        Corporation:
 
 We
        have
        audited the accompanying balance sheet of PCMT Corporation (a Delaware
        corporation in the development stage) as of December 31, 2007, and the related
        statements of operations, stockholders’ equity, and cash flows for the each of
        the period and year in the period ended December 31, 2007, and from inception
        (October 5, 2006) through December 31, 2007. These financial statements are
        the
        responsibility of the Company’s management. Our responsibility is to express an
        opinion on these financial statements based on our audits.
 
 We
        conducted our audits in accordance with the standards of the Public Company
        Accounting Oversight Board (United States of America). Those standards require
        that we plan and perform the audits to obtain reasonable assurance about
        whether
        the financial statements are free of material misstatement. The Company is
        not
        required to have, nor were we engaged to perform, an audit of its internal
        control over financial reporting. Our audits included consideration of internal
        control over financial reporting as a basis for designing audit procedures
        that
        are appropriate in the circumstances, but not for the purpose of expressing
        an
        opinion on the effectiveness of the Company’s internal control over financial
        reporting. Accordingly, we express no such opinion. An audit includes examining,
        on a test basis, evidence supporting the amounts and disclosures in the
        financial statements. An audit also includes assessing the accounting principles
        used and significant estimates made by management, as well as evaluating
        the
        overall financial statement presentation. We believe that our audits provide
        a
        reasonable basis for our opinion.
 
 In
        our
        opinion, the financial statements referred to above present fairly, in all
        material respects, the financial position of PCMT Corporation as of December
        31,
        2007, and the results of its operations and its cash flows for each of the
        period and year in the period ended December 31, 2007, and from inception
        (October 5, 2006) through December 31, 2007, in conformity with accounting
        principles generally accepted in the United States of America.
 
 The
        accompanying financial statements have been prepared assuming that the Company
        will continue as a going concern. As discussed in Note 2 to the financial
        statements, the Company is in the development stage, and has not established
        any
        source of revenue to cover its operating costs. As such, it has incurred
        an
        operating loss since inception. Further, as of December 31, 2007, the cash
        resources of the Company were insufficient to meet its planned business
        objectives. These and other factors raise substantial doubt about the Company’s
        ability to continue as a going concern. Management’s plan regarding these
        matters is also described in Note 2 to the financial statements. The financial
        statements do not include any adjustments that might result from the outcome
        of
        this uncertainty .
 
 Respectfully
        submitted,
 
 /s/
        Davis
        Accounting Group P.C.
 
 Cedar
        City, Utah,
 March
        6,
        2008.
  F-2
  **PCMT
                    CORPORATION****(A
                    DEVELOPMENT STAGE COMPANY)****BALANCE
                    SHEET (NOTE 2)****AS
                    OF DECEMBER 31, 2007**
  **2007****ASSETS****Current
                    Assets:**Cash
                    in bank
                
                $
                6,245Restricted
                    cash
                
                
                358,289Total
                    current assets
                
                
                364,534**Other
                    Assets:**Deferred
                    acquisition costs
                
                
                75,500Security
                    deposit
                
                
                500Total
                    other assets
                
                
                76,000**Total
                    Assets**
                
                $
                440,534**LIABILITIES
                    AND STOCKHOLDERS' EQUITY****Current
                    Liabilities:**Accounts
                    payable - Trade
                
                $
                7,400Accrued
                    liabilities
                
                
                8,525Accrued
                    officer's salary
                
                
                5,000Accrued
                    office rent - Related party
                
                
                4,452Due
                    to Director and stockholder
                
                
                200Total
                    current liabilities
                
                
                25,577Total
                    liabilities
                
                
                25,577**Commitments
                    and Contingencies****Stockholders'
                    Equity:**Common
                    stock, par value $0.0001 per share, 100,000,000
                    sharesauthorized;
                    61,500,000 shares issued and outstanding
                
                
                6,150Additional
                    paid-in capital
                
                
                119,801Common
                    stock subscribed - 2,621,666 shares
                
                
                393,250Less
                    - Stock subscription receivable
                
                
                (15,000
                )(Deficit)
                    accumulated during the development stage
                
                
                (89,244
                )Total
                    stockholders' equity
                
                
                414,957**Total
                    Liabilities and Stockholders' Equity**
                
                $
                440,534
  The
        accompanying notes to financial statements are
 an
        integral part of this balance sheet.
  F-3
 **PCMT
                    CORPORATION****(A
                    DEVELOPMENT STAGE COMPANY)****STATEMENTS
                    OF OPERATIONS (NOTE 2)****FOR
                    THE YEAR ENDED DECEMBER 31, 2007, THE PERIOD
                    ENDED****DECEMBER
                    31, 2006, AND CUMULATIVE FROM****INCEPTION
                    (OCTOBER 5, 2006) THROUGH DECEMBER 31, 2007**
  **Year
                    Ended**
                
                **Period
                    Ended**
                
                **Cumulative****December
                    31,**
                
                **December
                    31,**
                
                **From****2007**
                
                **2006**
                
                **Inception****Revenues**
                
                $
                -
                
                $
                -
                
                $
                -**Expenses:**General
                    and administrative-Professional
                    fees
                
                
                65,796
                
                
                4,000
                
                
                69,796Officers'
                    compensation
                
                
                8,000
                
                
                -
                
                
                8,000Office
                    rent
                
                
                3,600
                
                
                852
                
                
                4,452Other
                
                
                5,079
                
                
                605
                
                
                5,684Legal
                    fees - Organization costs
                
                
                -
                
                
                1,500
                
                
                1,500Officers'
                    compensation paid by issued shares
                
                
                -
                
                
                250
                
                
                250Total
                    general and administrative expenses
                
                
                82,475
                
                
                7,207
                
                
                89,682**(Loss)
                    from Operations**
                
                
                (82,475
                )
                
                (7,207
                )
                
                (89,682
                )**Other
                    Income (Expense)**
                
                
                438
                
                
                -
                
                
                438**Provision
                    for income taxes**
                
                
                -
                
                
                -
                
                
                -**Net
                    (Loss)**
                
                $
                (82,037
                )
                $
                (7,207
                )
                $
                (89,244
                )**(Loss)
                    Per Common Share:**(Loss)
                    per common share - Basic and Diluted
                
                $
                (0.00
                )
                $
                (0.00
                )**Weighted
                    Average Number of Common Shares****Outstanding
                    - Basic and Diluted**
                
                
                48,195,890
                
                
                20,362,500
  The
          accompanying notes to financial statements are
 an
          integral part of these statements.
  F-4
  **PCMT
                  CORPORATION****(A
                  DEVELOPMENT STAGE COMPANY)****STATEMENT
                  OF STOCKHOLDERS' EQUITY (NOTE 2)****FOR
                  THE PERIOD FROM INCEPTION (OCTOBER 5, 2006)****THROUGH
                  DECEMBER 31, 2007**
  **Less
                  -**
              
              **(Deficit)****Common**
              
              **Accumulated****Additional**
              
              **Common**
              
              **Stock**
              
              **During
                  the****Common
                  stock**
              
              **Paid-in**
              
              **Stock**
              
              **Subscriptions**
              
              **Development****Description**
              
              
              **Shares**
              
              
              **Amount**
              
              
              **Capital**
              
              
              **Subscribed**
              
              
              **Receivable**
              
              
              **Stage**
              
              
              **Total****Balance
                  - October 5, 2006**
              
              
              -
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -Common
                  stock issued to officer at par value
              
              
              100,000
              
              
              10
              
              
              (9
              )
              
              -
              
              
              (1
              )
              
              
              
              
              -Common
                  stock issued for officer's compensation
              
              
              25,000,000
              
              
              2,500
              
              
              (2,250
              )
              
              -
              
              
              -
              
              
              -
              
              
              250Common
                  stock issued for cash
              
              
              12,600,000
              
              
              1,260
              
              
              30,240
              
              
              -
              
              
              (11,500
              )
              
              -
              
              
              20,000Net
                  (loss) for the period
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              (7,207
              )
              
              (7,207
              )**Balance
                  - December 31, 2006**
              
              
              37,700,000
              
              $
              3,770
              
              $
              27,981
              
              $
              -
              
              $
              (11,501
              )
              $
              (7,207
              )
              $
              13,043Payments
                  of common stock subscriptions
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              11,501
              
              
              -
              
              
              11,501Common
                  stock issued for cash
              
              
              7,400,000
              
              
              740
              
              
              17,760
              
              
              -
              
              
              -
              
              
              -
              
              
              18,500Common
                  stock issued for cash
              
              
              16,300,000
              
              
              1,630
              
              
              63,570
              
              
              -
              
              
              -
              
              
              -
              
              
              65,200Common
                  stock issued for services
              
              
              100,000
              
              
              10
              
              
              10,490
              
              
              -
              
              
              -
              
              
              -
              
              
              10,500Common
                  stock subscribed - 2,621,666 shares
              
              
              -
              
              
              -
              
              
              -
              
              
              393,250
              
              
              (15,000
              )
              
              -
              
              
              378,250Net
                  (loss) for the period
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              (82,037
              )
              
              (82,037
              )**Balance
                  - December 31, 2007**
              
              
              61,500,000
              
              $
              6,150
              
              $
              119,801
              
              $
              393,250
              
              $
              (15,000
              )
              $
              (89,244
              )
              $
              414,957
  The
        accompanying notes to financial statements are
 an
        integral part of this statement.
  F-5
 
 **PCMT
                  CORPORATION****(A
                  DEVELOPMENT STAGE COMPANY)****STATEMENTS
                  OF CASH FLOWS (NOTE 2)****FOR
                  THE YEAR ENDED DECEMBER 31, 2007, THE PERIOD****ENDED
                  DECEMBER 31, 2006, AND CUMULATIVE FROM****INCEPTION
                  (OCTOBER 5, 2006) THROUGH DECEMBER 31, 2007**
  **Year
                  Ended**
              
              **Period
                  Ended**
              
              **Cumulative****December
                  31,**
              
              **December
                  31,**
              
              **From****2007**
              
              **2006**
              
              **Inception****Operating
                  Activities:**Net
                  (loss)
              
              $
              (82,037
              )
              $
              (7,207
              )
              $
              (89,244
              )Adjustments
                  to reconcile net (loss) to net cash(used
                  in) operating activities:Common
                  stock issued for officers' compensation
              
              
              -
              
              
              250
              
              
              250Changes
                  in net liabilities-Prepaid
                  rent
              
              
              2,000
              
              
              (2,000
              )
              
              -Security
                  deposit
              
              
              (500
              )
              
              -
              
              
              (500
              )Accounts
                  payable - Trade
              
              
              5,900
              
              
              1,500
              
              
              7,400Accrued
                  liabilities
              
              
              8,525
              
              
              -
              
              
              8,525Accrued
                  officer's salary
              
              
              5,000
              
              
              -
              
              
              5,000Accrued
                  office rent - Related party
              
              
              3,600
              
              
              852
              
              
              4,452**Net
                  Cash (Used in) Operating Activities**
              
              
              (57,512
              )
              
              (6,605
              )
              
              (64,117
              )**Investing
                  Activities:**Cash
                  provided by investing activities
              
              
              -
              
              
              -
              
              
              -**Net
                  Cash Provided by Investing Activities**
              
              
              -
              
              
              -
              
              
              -**Financing
                  Activities:**Issuance
                  of common stock for cash
              
              
              94,200
              
              
              20,000
              
              
              114,200Stock
                  subscriptions paid
              
              
              389,751
              
              
              -
              
              
              389,751Deferred
                  acquisition costs
              
              
              (75,500
              )
              
              -
              
              
              (75,500
              )Due
                  to Director and stockholder
              
              
              -
              
              
              200
              
              
              200**Net
                  Cash Provided by Financing Activities**
              
              
              408,451
              
              
              20,200
              
              
              428,651**Net
                  Increase in Cash**
              
              
              350,939
              
              
              13,595
              
              
              364,534**Cash
                  - Beginning of Period**
              
              
              13,595
              
              
              -
              
              
              -**Cash
                  - End of Period**
              
              $
              364,534
              
              $
              13,595
              
              $
              364,534**Cash
                  - End of Period Consisting of:**Cash
                  in bank
              
              $
              6,245Restricted
                  cash
              
              
              358,289**Total**
              
              $
              364,534**Supplemental
                  Disclosure of Cash Flow Information:**Cash
                  paid during the period for:Interest
              
              $
              -
              
              $
              -
              
              $
              -Income
                  taxes
              
              $
              -
              
              $
              -
              
              $
              -
  On
                  November 3, 2006, the Company issued 25,000,000 (post forward stock
                  split)
                  shares of its common stock to its
                  Director and Corporate Secretary at par value for services rendered.
                  The
                  transaction was valued at $250.On
                  December 5, 2007, the Company issued 100,000 shares of its common
                  stock to
                  an attorney for legal services
                  rendered. The transaction was valued at
                  $10,500.
  The
          accompanying notes to financial statements are
 an
          integral part of these statements.
  F-6
 **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
  **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 #1”), exempt from registration under the Securities Act
        of 1933, to raise up to $50,000 through the issuance of 20,000,000  (post
        forward stock split) shares of its common stock, par value $0.0001 per share,
        at
        an offering price of $0.0025 per share. As of February 5, 2007, the Company
        had
        received $50,000 in proceeds from the PPO #1. The Company also commenced
        an
        activity to submit a Registration Statement on Form SB-2 to the Securities
        and
        Exchange Commissions (“SEC”) to register 20,000,000
        (post forward stock split) 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.
 
 In
        October 2007, the Company began a second capital formation activity through
        a
        Private Placement Offering (“PPO #2”), exempt from registration under the
        Securities Act of 1933, to raise up to $100,000 through the issuance of
        25,000,000 (post forward stock split) shares of its common stock, par value
        $0.0001 per share, at an offering price of $0.004 per share. The PPO #2 has
        an
        offering period of 180 days. As of December 31, 2007, the Company had subscribed
        16,300,000 (post forward stock split) shares related to the PPO #2 to 15
        foreign
        investors, resulting in gross proceeds of $65,200.
 
 In
        November 2007, the Company began a third capital formation activity through
        a
        Private Placement Offering (“PPO #3”), exempt from registration under the
        Securities Act of 1933, to raise up to $2,500,000 through the issuance of
        16,666,666 (post forward stock split) units. The purchase price of each unit
        is
        $0.15. Each unit contains one share of common stock, one warrant giving the
        holder the right to purchase one share of common stock for $0.25, which is
        exercisable for one year, and one warrant giving the holder the right to
        purchase one share of common stock for $0.375, which is exercisable for three
        years from the date of issuance. As of December 31, 2007, the Company had
        subscribed 2,621,666 units and had received approximately $393,250 in proceeds
        from PPO #3, and a stock subscription receivable of $15,000. As of March
        6,
        2008, the Company had subscribed an additional 2,161,670 units from PPO #3
        resulting in additional proceeds of approximately $294,250 and a subscription
        receivable of $30,000. As of March 6, 2008, the Company had issued stock
        certificates for 2,883,336 shares of common stock from the 4,783,336 units
        subscribed under PPO #3, and is continuing with the Private Placement
        Offering.
 
 F-7
 **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
  *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.
 
 *Restricted
        Cash*
 
 The
        Company has an escrow holding account under the control of an attorney. Funds
        received from capital formation activities are held as restricted cash until
        shares have been issued.
 
 *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 year then ended December 31, 2007.
 
 *Income
        Taxes*
 
 The
        Company accounts for income taxes pursuant to SFAS No. 109, “ *Accounting
        for Income Taxes”* (“SFAS
        No. 109”). Under SFAS No. 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.
  F-8
 **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
  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 December 31, 2007, the carrying value of accounts payable,
        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.
 
 *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.
 
 *Deferred
        Acquisition Costs*
 
 The
        Company defers as other assets the direct incremental costs of acquiring
        a
        company until such time as the acquisition is completed. At the time of the
        completion of the acquisition, the costs are charged against the goodwill
        of the
        acquired company. Should the acquisition be terminated, deferred acquisition
        costs are charged to operations during the period in which the agreement
        is
        terminated. As of December 31, 2007, the Company had a balance of $75,500
        of
        deferred acquisition costs.
 
 *Concentration
        of Risk*
 
 As
        of
        December 31, 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.
 
 F-9
  **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
 *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 of America. 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 December 31, 2007, and expenses for the year
        then
        ended December 31, 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.
 
 During
        the period from inception (October 5, 2006) through December 31, 2007, the
        Company was incorporated, received initial working capital through a loan
        from a
        Director and stockholder, and commenced a capital formation activity through
        a
        PPO #1, exempt from registration under the Securities Act of 1933, to raise
        up
        to $50,000 through the issuance of 20,000,000  (post
        forward stock split) shares of its common stock, par value $0.0001 per share,
        at
        an offering price of $0.0025 per share. As of February 5, 2007, the Company
        had
        received $50,000 in proceeds from the PPO #1. The Company also commenced
        an
        activity to submit a Registration Statement on Form SB-2 to the SEC to register 20,000,000(post
        forward stock split) 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.
 
 In
        October 2007, the Company began a second capital formation activity through
        PPO
        #2, exempt from registration under the Securities Act of 1933, to raise up
        to
        $100,000 through the issuance of 25,000,000 (post forward stock split) shares
        of
        its common stock, par value $0.0001 per share, at an offering price of $0.004
        per share. The PPO #2 has an offering period of 180 days. As of December
        31,
        2007, the Company had subscribed 16,300,000 (post forward stock split) shares
        related to the PPO #2 to 15 foreign investors, resulting in gross proceeds
        of
        $65,200.
 
 In
        November 2007, the Company began a third capital formation activity through
        a
        PPO #3, to raise up to $2,500,000 through the issuance of 16,666,666 (post
        forward stock split) units. The purchase price of each unit is $0.15. Each
        unit
        contains one share of common stock, one warrant giving the holder the right
        to
        purchase one share of common stock for $0.25, which is exercisable for one
        year,
        and one warrant giving the holder the right to purchase one share of common
        stock for $0.375, which is exercisable for three years from the date of
        issuance. As of December 31, 2007, the Company had subscribed 2,621,666 units
        and had received approximately $393,250 in proceeds from PPO #3, and a stock
        subscription receivable of $15,000. As of March 6, 2008, the Company had
        subscribed an additional 2,161,670 units from PPO #3 resulting in additional
        proceeds of approximately $294,250 and a subscription receivable of $30,000.
        As
        of March 6, 2008, the Company had issued stock certificates for 2,883,336
        shares
        of common stock from the 4,783,336 units subscribed under PPO #3, and is
        continuing with the Private Placement Offering. The Company plans to continue
        with its capital formation activities through the issuance of debt and equity,
        to complete its business combination with SDS (see Note 9), and to commence
        operations.
  F-10
 **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
  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 December 31, 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
        December 31, 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)**  **Appointment
        of Officers**
 
 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 stockholders of the Company or until his
        successor is elected or appointed.
 
 **(5)**  **Common
        Stock**
 
 On
        October 10, 2006, the Company issued 100,000 (post forward stock split) 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 25,000,000 (post forward stock split)
        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-11
 **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
 
 On
        November 5, 2006, the Board of Directors of the Company approved PPO #1,
        exempt
        from registration under the Securities Act of 1933, to raise up to $50,000
        through the issuance of 20,000,000
        (post forward stock split) shares
        of its common stock, par value $0.0001 per share, at an offering price of
        $0.0025 per share. The PPO #1 had an offering period of 180 days. As of February
        5, 2007, the Company had received cash proceeds from the PPO #1 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 20,000,000
        (post forward stock split) 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.
 
 In
        October 2007, the Company began a second capital formation activity through
        PPO
        #2, exempt from registration under the Securities Act of 1933, to raise up
        to
        $100,000 through the issuance of 25,000,000 (post forward stock split) shares
        of
        its common stock, par value $0.0001 per share, at an offering price of $0.004
        per share. The PPO #2 has an offering period of 180 days. As of December
        31,
        2007, the Company had subscribed 16,300,000 (post forward stock split) shares
        related to the PPO #2 to 15 foreign investors, resulting in gross proceeds
        of
        $65,200.
 
 In
        November 2007, the Company began a third capital formation activity through
        a
        PPO #3, exempt from registration under the Securities Act of 1933, to raise
        up
        to $2,500,000 through the issuance of 16,666,666 units. The purchase price
        of
        each unit is $0.15. Each unit contains one share of common stock, one warrant
        giving the holder the right to purchase one share of common stock for $0.25,
        which is exercisable for one year, and one warrant giving the holder the
        right
        to purchase one share of common stock for $0.375, which is exercisable for
        three
        years from the date of issuance. As of December 31, 2007, the Company had
        subscribed 2,621,666 units and had received $393,250 in proceeds from PPO
        #3,
        and a stock subscription receivable of $15,000. As of March 6, 2008, the
        Company
        had subscribed an additional 2,161,670 units from PPO #3 resulting in additional
        proceeds of approximately $294,250 and a subscription receivable of $30,000.
        As
        of March 6, 2008, the Company had issued stock certificates for 2,883,336
        shares
        of common stock from the 4,783,336 units subscribed under PPO #3, and is
        continuing with the Private Placement Offering.
 
 On
        November 14, 2007, the Company notified the NASD of its intention to implement
        a
        10-for-1 forward stock split of its issued and outstanding common stock to
        the
        holders of record as of November 23, 2007. Such forward stock split was
        effective as of November 26, 2007. The accompanying financial statements
        and
        related notes thereto have been adjusted accordingly to reflect this forward
        stock split.
 
 On
        December 5, 2007, the Company entered into a written commitment with a
        third-party attorney to provide legal services and assistance with required
        SEC
        filings. As part of this agreement, the Company issued to the attorney 100,000
        (post forward stock split) shares of common stock on said date valued at
        $10,500.
 
 F-12
  **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
  **(6)**  **Income
          Taxes**
 
 The
        provision (benefit) for income taxes for the year and period ended December
        31,
        2007, and 2006, was as follows (assuming a 23% effective tax rate):
 **Year
                    Ended**
                
                **Period
                    Ended****December
                    31,**
                
                **December
                    31,****2007**
                
                **2006**Current
                    Tax Provision:Federal
                    and state-Taxable
                    income
                
                $
                -
                
                $
                -Total
                    current tax provision
                
                $
                -
                
                $
                -Deferred
                    Tax Provision:Federal
                    and state-Loss
                    carryforwards
                
                $
                18,868
                
                $
                1,658Change
                    in valuation allowance
                
                
                (18,868
                )
                
                (1,658
                )Total
                    deferred tax provision
                
                $
                -
                
                $
                -
 The
        Company had deferred income tax assets as of December 31, 2007, and 2006
        as
        follows:
 
 **2007**
                
                **2006**Loss
                    carryforwards
                
                $
                20,426
                
                $
                1,658Less
                    - Valuation allowance
                
                
                (20,426
                )
                
                (1,658
                )Total
                    net deferred tax assets
                
                $
                -
                
                $
                -
  The
        Company provided a valuation allowance equal to the deferred income tax assets
        for the year then ended December 31, 2007, because it is not presently known
        whether future taxable income will be sufficient to utilize the loss
        carryforwards.
 
 As
        of
        December 31, 2007, the Company had approximately $89,224 in tax loss
        carryforwards that can be utilized in future periods to reduce taxable income,
        and expire in the year 2027.
 
 **(7)**  **Related
        Party Transactions**
 
 As
        described in Note 3, as of December 31, 2007, the Company owed $200 to an
        individual who is a Director, President, Treasurer, and stockholder of the
        Company.
  F-13
 **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
  As
        described in Note 5, the Company has issued 100,000 (post forward stock split)
        shares of its common stock to its Director, President, and Treasurer at par
        value. The transaction was valued at $1.
 
 As
        described in Note 5, the Company has entered into a transaction with an officer
        and Director of the Company for his services, and has issued a total of
        25,000,000 (post forward stock split) 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 December 31, 2007, the Company had accrued $4,452 in
        office rent expense related to the lease.
 
 **(8)**  **Commitments**
 
 As
        discussed in Note 7, 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.
 
 As
        discussed in Note 4, on October 18, 2007, the Company appointed an individual
        as
        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
        calendar quarter and $5,000 per annual audit. The employment agreement is
        effective until the next annual general meeting of the stockholders of the
        Company or until his successor is elected or appointed.
 
 As
        discussed in Note 5, on December 5, 2007, the Company entered into a written
        commitment with a third-party attorney to provide legal services and assistance
        with required SEC filings. Legal services under the arrangement principally
        commenced during the period ended December 31, 2007. The attorney will receive
        $3,000 per month and miscellaneous reimbursement of expenses incurred on
        the
        Company’s behalf.
 
 **(9)**  **Business
        Combination**
 
 On
        October 18, 2007, the Company entered into a Letter Agreement with Suspect
        Detection Systems Ltd., an Israeli Corporation (“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 business combination transaction on terms
        and
        conditions to be negotiated. As part of the agreement, the Company agreed
        to pay
        to SDS the amount of $60,000. As of December 31, 2007, the Company had paid
        SDS
        $60,000.
 
 On
        November 14, 2007, the Company entered into a Letter of Intent with SDS,
        pursuant to which the Company intends to acquire all of the issued and
        outstanding capital stock of SDS. In consideration thereof, the Company will
        issue to the stockholders of SDS no less than 28,600,000 (post forward stock
        split) shares of the Company’s common stock, or such number of shares of the
        Company’s common stock representing not less than 31% of the Company’s issued
        and outstanding shares of common stock at the time of closing. The closing
        of
        the transaction will take place after the Company has raised a minimum of
        $500,000 from PPO #3. The Company has also agreed to pay up to $20,000 in
        accounting fees to obtain Israel Tax Authority approval of the transaction,
        and
        up to $15,000 in legal fees. As of December 31, 2007, the Company had paid
        $7,500 in accounting fees, and $8,000 in legal fees in addition to the $60,000
        described above.
  F-14
 **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
  **(10)**  **Recent
        Accounting Pronouncements**
 
 In
        September 2006, the Financial Accounting Standards Board (“FASB”) issued
        Statement of Financial Accounting Standards (“SFAS”) No. 157, “ *Fair
        Value Measurements* ” ** (“SFAS
        No. 157”). 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 will have a material impact
        on its
        financial statements.
 
 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)* ”
(“SFAS
        No. 158”). 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 will 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* ”
(“SFAS
        No. 159”), 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.
 
 F-15
 **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
  In
        December 2007, the FASB issued SFAS No. 141R, “ *Business
        Combinations - Revised 2007* ”
(“SFAS
        No. 141R”), which replaces FASB Statement No. 141, “ *Business
        Combinations* .”
SFAS
        No. 141R ** establishes
        principles and requirements intending to improve the relevance, representational
        faithfulness, and comparability of information that a reporting entity provides
        in its financial reports about a business combination and its effects. This
        is
        accomplished through requiring the acquirer to recognize assets acquired
        and
        liabilities assumed arising from contractual contingencies as of the acquisition
        date, measured at their acquisition-date fair values. This includes contractual
        contingencies only if it is more likely than not that they meet the definition
        of an asset of a liability in FASB Concepts Statement No. 6, “ *Elements
        of Financial Statements* - *a
        replacement of FASB Concepts Statement No. 3.* ” ** This
        statement also requires the acquirer to recognize goodwill as of the acquisition
        date, measured as a residual. However, this statement improves the way in
        which
        an acquirer’s obligations to make payments conditioned on the outcome of future
        events are recognized and measured, which in turn improves the measure of
        goodwill. This statement also defines a bargain purchases as a business
        combination in which the total acquisition-date fair value of the consideration
        transferred plus any noncontrolling interest in the acquiree, and it requires
        the acquirer to recognize that excess in earnings as a gain attributable
        to the
        acquirer. This, therefore, improves the representational faithfulness and
        completeness of the information provided about both the acquirer’s earnings
        during the period in which it makes a bargain purchase and the measures of
        the
        assets acquired in the bargain purchase. The Company does not expect the
        adoption of this pronouncement to have a material impact on its financial
        statements.
  In
        December 2007, the FASB issued SFAS No. 160, “ *Noncontrolling
        Interests in Consolidated Financial Statements - an amendment of ARB No.
        51* ”
(“SFAS
        No. 160”), ** which
        establishes accounting and reporting standards to improve the relevance,
        comparability, and transparency of financial information in its consolidated
        financial statements. This is accomplished by requiring all entities, except
        not-for-profit organizations, that prepare consolidated financial statements
        to
        (a) clearly identify, label, and present ownership interests in subsidiaries
        held by parties other than the parent in the consolidated statement of financial
        position within equity, but separate from the parent’s equity; (b) clearly
        identify and present both the parent’s and the noncontrolling interest’s
        attributable consolidated net income on the face of the consolidated statement
        of income; (c) consistently account for changes in parent’s ownership interest
        while the parent retains it controlling financial interest in subsidiary
        and for
        all transactions that are economically similar to be accounted for similarly;
        (d) measure of any gain, loss, or retained noncontrolling equity at fair
        value
        after a subsidiary is deconsolidated; and (e) provide sufficient disclosures
        that clearly identify and distinguish between the interests of the parent
        and
        the interests of the noncontrolling owners. This Statement also clarifies
        that a
        noncontrolling interest in a subsidiary is an ownership interest in the
        consolidated entity that should be reported as equity in the consolidated
        financial statements. SFAS No. 160 is effective for fiscal years and interim
        periods on or after December 15, 2008. The management of the Company does
        not
        expect the adoption of this pronouncement to have a material impact on its
        financial statements.
 
 F-16
 **PCMT
          CORPORATION**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **DECEMBER
          31, 2007, AND 2006**
 **(11)**  **Subsequent
        Events**
 
 On
        January 23, 2008, the Company appointed an individual as Treasurer. This
        office
        will be held by the individual until the next annual general meeting of the
        stockholders of the Company or until a successor is elected or appointed.
 
 As
        described in Notes 1 and 5, the Company commenced a third capital formation
        activity through PPO #3, exempt from registration under the Securities Act
        of
        1933, to raise up to $2,500,000 through the issuance of 16,666,666 (post
        forward
        stock split) units in November 2007. As of March 6, 2008, the Company had
        subscribed an additional 2,161,670 units from PPO #3 resulting in additional
        proceeds of approximately $294,250 and a subscription receivable of $30,000.
        As
        of March 6, 2008, the Company had issued stock certificates for 2,883,336
        shares
        of common stock from the 4,783,336 units subscribed under PPO #3, and is
        continuing with the Private Placement Offering.
 
 F-17




**Item
      8.**  **Changes
      In and Disagreements With Accountants on Accounting and Financial
      Disclosure**





None.





**Item
      8A(T). Controls and Procedures**





This
      Annual Report does not include a report of management's assessment regarding
      internal control over financial reporting or an attestation report of the
      Company's registered independent auditors due to a transition period established
      by rules of the Securities and Exchange Commission for newly public
      companies.





**Item
      8B. Other Information**





On
      November 14, 2007, the Registrant notified the NASD of its intention
      to implement a 10-for-1 share forward stock split of its issued and outstanding
      common stock to the holders of record as of November 23, 2007. The forward
      stock
      split will become effective as of November 26, 2007.





As
      disclosed in the Company’s Current Report on Form 8-K filed with the Securities
      and Exchange Commission on January 24, 2008, on January 23, 2008, the Board
      of
      Directors of PCMT appointed Constantin Stukalin as Treasurer of the Company.
      Mr.
      Stukalin will remain the Treasurer until the next annual general meeting of
      the
      shareholders of the Company or until his successor is elected or
      appointed.





**PART
      III**





**Item
      9.**  **Directors,
      Executive Officers, Promoters, Control Persons, and Corporate Governance;
      Compliance with Section 16(a) of the Exchange Act**





As
      of
      December 31, 2007, the Directors and executive officers of the Company
      are:




**Name**
            
            
            **Age**
            
            
            **Position**
            
            
            **Date
                Appointed**Nachman
                Shlomo Kohen
            
            
            **28**
            
            
            President,
                Director, and Treasurer
            
            
            October
                5, 2006Yosef
                Nachum Bernshten
            
            
            **25**
            
            
            Director
                and Secretary
            
            
            October
                5, 2006


****


Set
      forth
      below is a brief description of the background and business experience of our
      executive officers and Directors for the past five years.





Nachman
      Shlomo Kohen has been our President, Chief Executive Officer, and a Director
      since we were incorporated on October 5, 2006. From September 2000, Nachman
      Shlomo Kohen has been the owner and managing director of P.C.M.T. Video Ltd.
      in
      Jerusalem, Israel. P.C.M.T. Video Ltd. owns and operates a retail store in
      Jerusalem, Israel and is an authorized distributor of leading computer and
      peripheral manufacturers active in the Israeli market, including Lenovo, HP,
      Dell, Sandisk, and others.





Yosef
      Nachum Bernshten has been our Secretary and a Director since we were
      incorporated on October 5, 2006. From June 2006 to present, he has been a
      Director of P.C.M.T. Video Ltd. From 2001 to present, he has been the Director
      and owner of Bar Advertising Ltd., an Israeli Company.




15




**Term
      of Office**





Our
      Directors are appointed for a one-year term to hold office until the next annual
      general meeting of our shareholders or until removed from office in accordance
      with our Bylaws. Our officers are appointed by our Board of Directors and hold
      office until removed by the Board.





The
      officers and Directors listed above will remain in office until the next annual
      meeting of our stockholders, and until their successors have been duly elected
      and qualified. There are no agreements with respect to the election of our
      Directors. We have not compensated our Directors for service on our Board of
      Directors or reimbursed them for expenses incurred for attendance at meetings
      of
      our Board of Directors. Officers are appointed annually by our Board of
      Directors and each officer serves at the discretion of our Board of Directors.
      Our Board of Directors may in the future determine to pay Directors’ fees and
      reimburse Directors for expenses related to their activities.





Our
      officers and Directors have not filed any bankruptcy petition, been convicted
      of
      or been the subject of any criminal proceedings, or the subject of any order,
      judgment, or decree involving the violation of any state or federal securities
      laws within the past five years.





**Committees
      of the Board of Directors**




We
      do not
      presently have a separately constituted audit committee, compensation committee,
      nominating committee, executive committee, or any other committees of our Board
      of Directors. As such, our entire Board of Directors acts as our audit
      committee.




**Audit
      Committee Financial Expert**




Our
      Board
      of Directors does not currently have any members who qualify as “audit committee
      financial experts.” We believe that the cost related to retaining such a
      financial expert at this time is prohibitive.





**Involvement
      in Certain Legal Proceedings**





No
      Director, nominee for Director, or executive officer of the Company has appeared
      as a party in any legal proceeding material to an evaluation of his ability
      or
      integrity during the past five years.





**Item
      10.**  **Executive
      Compensation**





We
      have
      not paid, nor do we owe, any compensation to our executive officers except
      that
      we issued 2,500,000 shares of our common stock to Mr. Yosef Nachum Bernshten
      in
      exchange for services in the amount of $250.





We
      have
      no employment agreements with any of our executive officers or
      employees.





**Option/SAR
      Grants**




We
      do not
      currently have a stock option plan. No individual grants of stock options,
      whether or not in tandem with stock appreciation rights known as SARs or
      freestanding SARs have been made to any executive officer or any Director since
      our inception; accordingly, no stock options have been granted or exercised
      by
      any of the officers or Directors since we were founded.




**Long-Term
      Incentive Plans and Awards**




We
      do not
      have any long-term incentive plans that provide compensation intended to serve
      as incentive for performance. No individual grants or agreements regarding
      future payouts under non-stock price-based plans have been made to any executive
      officer or any Director or any employee or consultant since our inception;
      accordingly, no future payouts under non-stock price-based plans or agreements
      have been granted or entered into or exercised by any of the officers or
      Directors or employees or consultants since we were founded.




16





**Compensation
      of Directors**




There
      are
      no arrangements pursuant to which Directors are or will be compensated in the
      future for any services provided as a D irector.




**Employment
      Contracts, Termination of Employment, Change-in-Control
      Arrangements**




There
      are
      currently no employment or other contracts or arrangements with officers or
      Directors. There are no compensation plans or other arrangements, including
      payments to be made by us, with respect to our officers, Directors, or
      consultants that would result from the resignation, retirement, or any other
      termination of such Directors, officers, or consultants from us. There are
      no
      compensation plans or other arrangements for Directors, officers, employees,
      or
      consultants that would be triggered by a change-in-control.





**Item
      11.**  **Security
      Ownership of Certain Beneficial Owners and Management and Related Stockholder
      Matters.**





The
      following table sets forth the number and percentage of shares of our common
      stock owned as of March 13, 2008, by all persons (i) known to us who own more
      than 5% of the outstanding number of such shares, (ii) by all of our Directors,
      and (iii) by our officers and Directors as a group. Unless otherwise indicated,
      each of the stockholders has sole voting and investment power with respect
      to
      the shares beneficially owned.




**Title
                of Class**
            
            **Name
                and Address of Beneficial Owner**
            
            **Amount
                and Nature**
              **of
                Beneficial Ownership**
            
            **Percentage
                of Class(1)**Common
                Stock
            
            
            Nachman
                Shlomo Kohen(2
            )
            
            100,000
            
            
            *Common
                Stock
            
            
            Yosef
                Nahum Bernshten(3
            )
            
            25,000,000
            
            
            55.4





(1)
            Based
                on 4,510,000 shares of our common stock outstanding post forward
                stock
                split of 1 to 10(2)
            The
                address for Mr. Kohen is 4 Nafcha Street Jerusalem, Israel
                95508.(3)
            The
                address for Mr. Bernshten is 4 Nafcha Street Jerusalem, Israel
                95508.*
            Represents
                less than 1%




**Changes
      in Control**





There
      are
      no arrangements which may result in a change in control of us.





**Item
      12. Certain Relationships and Related Transactions, and Director
      Independence**





On
      October 30, 2006, we issued 100,000 (post forward stock split) shares of our
      common stock to Nachman Shlomo Kohen, our President, CEO, and Director, valued
      at $1. Such shares were issued in reliance on an exemption from registration
      under Section 4(2) of the Securities Act of 1933. These shares of our common
      stock qualified for exemption under Section 4(2) of the Securities Act of 1933
      since the issuance of shares by us did not involve a public
      offering.





On
      November 6, 2006, we issued 25,000,000 (post forward stock split) shares of
      our
      common stock to Yosef Nachum Bernshten, our Secretary and Director, in exchange
      for $250 in services and expenses related to our Company. Such shares were
      issued in reliance on an exemption from registration under Section 4(2) of
      the
      Securities Act of 1933. These shares of our common stock qualified for exemption
      under Section 4(2) of the Securities Act of 1933 since the issuance of shares
      by
      us did not involve a public offering.




17




We
      lease
      our corporate headquarters on a month-to-month basis from our President. Monthly
      rent payments for base rent are approximately $300 per month. **** Our
      President provided us with a loan of $200 as initial working capital, including
      payment of the fees related to opening our bank account.





**Director
      Independence**





We
      are
      not subject to listing requirements of any national securities exchange or
      national securities association and, as a result, we are not at this time
      required to have our Board comprised of a majority of “independent directors.”
We do believe that the following Directors currently meet the definition of
      “independent” as promulgated by the rules and regulations of the American Stock
      Exchange.





**Item
      13.**  **Exhibits**


**Exhibit
                  No.**
              
              **Description**3.1
              
              Certificate
                  of Incorporation of Company (annexed to the Company’s Registration
                  Statement on Form SB-2 filed with the Securities and Exchange Commission
                  on March 12, 2007).3.2
              
              Bylaws
                  of the Company (annexed to the Company’s Registration Statement on Form
                  SB-2 filed with the Securities and Exchange Commission on March
                  12,
                  2007).10.1
              
              Employment
                  Agreement, dated October 23, 2007, between PCMT Corporation and
                  Asher
                  Zwebner (annexed to the Company’s Current Report on Form 8-K filed with
                  the Securities and Exchange Commission on October 29,
                  2007).10.2
              
              Letter
                  Agreement, dated October 18, 2007, between PCMT Corporation and
                  Suspect
                  Detection Systems Ltd. (annexed to the Company’s Current Report on Form
                  8-K filed with the Securities and Exchange Commission on October
                  29,
                  2007).10.3
              
              Form
                  of Regulation S Subscription Agreement (annexed to the Company’s Current
                  Report on Form 8-K filed with the Securities and Exchange Commission
                  on
                  October 29, 2007).10.4
              
              Letter
                  of Intent dated November 14, 2007, between PCMT Corporation and
                  Suspect
                  Detection Systems Ltd. (annexed to the Company’s Current Report on Form
                  8-K filed with the Securities and Exchange Commission on November
                  15,
                  2007).10.5
              
              Form
                  of Regulation S Subscription Agreement, including Form of Class
                  A Warrant
                  and Form of Class B Warrant (annexed to the Company’s Current Report on
                  Form 8-K filed with the Securities and Exchange Commission on November
                  15,
                  2007).32.1
              
              Section
                  1350 Certification of Principal Executive and Financial
                  Officer*32.2
              
              Section
                  1350 Certification of Principal Executive and Financial
                  Officer*




*
            Filed
                herewith.





**Item
      14.**  **Principal
      Accountant Fees and Services**





Our
      Board
      of Directors unanimously approved 100% of the fees paid to the principal
      accountant for audit-related, tax, and other fees. Our Board of Directors
      pre-approves all non-audit services to be performed by the
      auditor.





The
      percentage of hours expended on the principal registered independent
      auditors engagement to audit our financial statements for the most recent
      fiscal year that were attributed to work performed by persons other than the
      principal registered independent auditors full-time, permanent employees was
      0.




18




**Audit
      Fees**





Davis
      Accounting Group P.C. provided audit services to PCMT in connection with its
      annual report for the fiscal years ended December 31, 2007. The aggregate fees
      billed by Davis Accounting Group P.C. for the audit of PCMT’s annual financial
      statements and a review of PCMT’s quarterly financial statements during the
      fiscal year ended December 31, 2007, was .


2007
                fees =
              9,500
              1st
                Qtr 2007 R =
              1,500
              2006
                SB-2 audit filed 2/2007 =
              20002006
                SB-2
              2,000/11,500
              2nd
                Qtr 2007 R =
              1,500
              2007
                10KSB
              5,0003rd Qtr
                2007 R =
              1,500





**Audit
      Related Fees**





Davis
      Accounting Group P.C. billed the Company no fees in 2007 for professional
      services that are reasonably related to the audit or review of PCMT’s financial
      statements that are not disclosed in “Audit Fees” above.





**Tax
      Fees**





No
      fees
      have been paid for any tax services in the Fiscal Year 2007




**All
      Other Fees**





Davis
      Accounting Group P.C. billed PCMT no fees in 2007 for other professional
      services rendered or any other services not disclosed above.





**Audit
      Committee Pre-Approval**





PCMT
      does
      not have a standing audit committee. Therefore, all services provided to PCMT
      by
      Davis Accounting Group P.C. as detailed above, were pre-approved by PCMT’s Board
      of Directors.





19




**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:
                March 13 , 2008
            By:
            /s/
                Nachman Shlomo KohenNachman
                Shlomo KohenPresident,
                Chief Executive Officer, and Director
              (Principal
                Executive Officer, Financial, and Accounting officer)




20