8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) December 7, 2006

PubliCARD, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Pennsylvania	0-29794	23-0991870
(State or Other Jurisdiction	(Commission File Number)	(I.R.S. Employer
of Incorporation)		Identification No.)

75 Rockefeller Plaza, 16th Floor,
New York, NY	10020
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code (212) 651-3102

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Termination of A Material Contract

On December 1, 2006, PubliCARD, Inc. assigned it lease at 1 Rockefeller Plaza, New York, NY 10020 to Glasstech, Inc.. Copies of the press release regarding the Assignment of Lease and Consent to Assignment lease are filed as Exhibit 99.1.

The information in this report, including the exhibit, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section. Furthermore, the information in this report, including the exhibit, shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits

99.1 Press release dated December 7, 2006 announcing assignment of lease.

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 hereunto duly authorized.

	PubliCARD, Inc. Registrant
Date: December 7, 2006		/s/ Joseph Sarachek
		Joseph Sarachek
		Chief Executive Officer

EXHIBIT INDEX

Exhibit

Number Description

99.1 Press release dated December 7, 2006 announcing assignment of the lease for One Rockefeller Plaza, New York, NY 10020.

EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE	Contact:   Joseph Sarachek
	Chief Executive Officer
	PubliCARD, Inc.
	(212) 332-4011

PubliCARD, INC. ANNOUNCES TERMINATION OF LEASE

NEW YORK - December 7, 2006 - PubliCARD, Inc. (OTC BB: CARD.OB) announced today that it has entered into an Assignment of Lease and Consent to Assignment with Glasstech, Inc. as Assignee and RCPI Landmark Properties, LLC as Landlordwith respect to its lease at 1 Rockefeller Plaza, New York, New York. As a result of these agreements, PubliCARD is relieved of any further rent liability at 1 Rockefeller Plaza which the Company had estimated to be $100,000 through the lease term ending April 30, 2007. The Company anticipates taking a write down of approximately $7,000 in the fourth quarter, representing the remaining capitalized value of the furniture and fixtures located at 1 Rockefeller Plaza. The Company’s executive offices will now be located at 75 Rockefeller Plaza, 16th Floor, New York, New York on a month to month basis.

About PubliCARD, Inc.

Headquartered in New York, NY, PubliCARD, through its Infineer Ltd. subsidiary, designs smart card solutions for educational and corporate sites. More information about PubliCARD can be found on its web site www.publicard.com.

Special Note Regarding Forward-Looking Statements: Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. Such factors include the Company’s inability to continue as a going concern. For more information on the potential factors which could affect financial results and the Company’s ability to continue as a going concern, refer to the Company's most recent Annual Report on Form 10-K for the year ended December 31, 2005, and quarterly reports on Form 10-Q for the quarters ended March 31, 2006, June 30, 2006 and September 30, 2006, as filed with the Securities and Exchange Commission.