SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                For the Quarterly Period Ended: December 31, 2002


             [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                For transition period from __________ to ________


                         Commission File Number: 0-15148

                             NEWBRIDGE CAPITAL, INC.
        (Exact name of small business issuer as specified in its charter)




           Nevada                                                 33-0877143
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)


                          24 Corporate Plaza, Suite 100
                         Newport Beach, California 92660
                    (Address of principal executive offices)

                                 (949) 717-0630
                 -----------------------------------------------
                (Issuer'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, $.001 par value
                                (Title of class)


Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to the filing requirements for at least
the past 90 days.
                                 Yes [X] No [ ]

The number of shares outstanding of the issuer's Common Stock, par value $.001
per share, as of March 24, 2003, was 68,534,430.

                                       1
<PAGE>


                             NEWBRIDGE CAPITAL, INC.
                            INDEX TO QUARTERLY REPORT
                                 ON FORM 10-QSB
                                DECEMBER 31, 2002


                                                                          Page
PART I

Item 1.   Financial Statements

          Balance Sheets - December 31, 2002 (Unaudited) and
             June 30, 2002 (Audited)........................................ 3

          Statements of Operations - Three and Six Months Ended
             December 31, 2002 (Unaudited) and 2001, (Unaudited)............ 4

          Statement of Stockholders' Deficit - Six Months
             Ended December 31, 2002 (Unaudited)............................ 5

          Statements of Cash Flows - Six Months Ended
             December 31, 2002 (Unaudited) and 2001, (Unaudited)............ 6

          Notes to Financial Statements (Unaudited)......................... 7

Item 2.   Management's Discussion and Analysis or Plan of Operation.........15

Item 3.   Controls and Procedures...........................................17

Exhibit 11.  Computation of Earnings Per Share..............................17


PART II

Item 1.   Legal Proceedings................................................ 18

Item 2.   Changes In Securities and Use of Proceeds........................ 18

Item 3.   Defaults Upon Senior Securities.................................. 18

Item 4.   Submission of Matters to a Vote of Security Holders.............. 18

Item 5.   Other Information................................................ 18

Item 6.   Exhibits and Reports on Form 8-K................................. 18

          Signatures and Certification....................................  19


                                       2

<PAGE>

                             NEWBRIDGE CAPITAL, INC.
                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                             As of          As of
                                                         Dec. 31, 2002  June 30, 2002
                                                         (Unaudited)      (Audited)
                                                         -------------  -------------
<S>                                                      <C>            <C>
                                     ASSETS
Current Assets:
Cash and cash equivalents                                $          -   $          -
Marketable securities (Note 5)                                      -         57,479
Prepaid expenses                                                    -          1,200
Receivable from affiliate                                         799              -
Receivable from sale of assets and
  certain liabilities (Note 3)                                      -              -
                                                         -------------  -------------
      Total current assets                                        799         58,679

Receivables from related parties, net of allowance
  for uncollectible accounts of $1,310,964 (Note 6)                 -        130,591
Equity-method investments (Note 8)                                  -         18,236
Investments, held for sale                                          -          1,304
Investments, at cost (Note 7)                                       -         62,422
Property and equipment, net of accumulated depreciation
  of $31,605 (Note 8)                                               -         70,194
                                                         -------------  -------------
      Total assets                                       $        799   $    341,426
                                                         =============  =============

                      LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
Accounts payable and accrued liabilities                 $    152,158   $    262,710
Checks in excess of bank balances                                 772         22,947
Payable to affiliate (Note 3)                                  15,271              -
Due to related parties                                        134,940        261,606
Loan payable                                                   63,000              -
Accrued guarantee                                                   -        218,802
Current portion of capital lease obligation                         -         21,779
                                                         -------------  -------------
      Total current liabilities                               366,141        787,844
Capital lease obligation, net of current portion                    -         49,368
                                                         -------------  -------------
      Total liabilities                                       366,141        837,212

Committments and Contingencies

Stockholders' Deficit:
Preferred stock, $.001 par value; 25,000,000 shares
  authorized; none issued and outstanding                           -              -
Common stock, $.001 par value; 75,000,000 shares
  authorized at 6/30/02;
Common stock, $.001 par value; 975,000,000 shares
  authorized at 12/31/02;
  58,034,430 shares issued and outstanding                     58,034         58,034
Additional paid-in capital                                 16,188,557     15,882,344
Accumulated deficit                                       (16,611,933)   (16,414,274)
Accumulated other comprehensive loss                                -        (21,890)
                                                         -------------  -------------
      Total stockholders' deficit                            (365,342)      (495,786)
                                                         -------------  -------------
      Total liabilities and stockholders' deficit        $        799   $    341,426
                                                         =============  =============

</TABLE>

   The accompanying notes are an integral part of these financial statements.
                                        3

<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                            STATEMENTS OF OPERATIONS
                       FOR THE THREE AND SIX MONTHS ENDED
                           DECEMBER 31, 2002 AND 2001
<TABLE>
<CAPTION>

                                                     For the Three Months     For the Six Months
                                                      Ended December 31,      Ended December 31,
                                                       2002        2001         2002        2001
                                                   (Unaudited) (Unaudited)  (Unaudited) (Unaudited)
                                                   ----------- -----------  ----------- ------------
<S>                                                <C>         <C>          <C>         <C>
Revenues:
Advisory and transaction fees (Note 4)            $        -  $   86,000   $        -  $   198,000

 General and administrative expenses                   93,893     281,423      197,659      577,093
                                                   ----------- -----------  ----------- ------------
   Operating loss                                     (93,893)   (195,423)    (197,659)    (379,093)

 Other income/(expense):
   Provision for uncollectible receivables from
     related parties                                        -    (117,892)           -     (190,326)
   Loss on sale of marketable securities                    -    (115,590)           -     (284,546)
   Impairment of investments (Note 7)                       -           -            -     (360,851)
   Interest income                                          -       5,554            -        8,738
   Losses of equity method investment                       -     (58,027)           -      (80,164)
   Other income                                             -       3,600            -        7,200
                                                   ----------- -----------  ----------- ------------
     Total other income (expense)                           -    (282,355)           -     (899,949)
                                                   ----------- -----------  ----------- ------------
   Net loss                                           (93,893)   (477,778)    (197,659)  (1,279,042)

 Other comprehensive loss:
   Unrealized gain (loss) on marketable securities          -      77,206            -      (63,236)
                                                   ----------- -----------  ----------- ------------
      Comprehensive loss                           $  (93,893) $ (400,572)  $ (197,659) $(1,342,278)
                                                   =========== ===========  =========== ============

 Net loss per common share:
   Basic and diluted                               $    (0.00) $    (0.01)  $    (0.00) $     (0.02)
                                                   =========== ===========  =========== ============

 Weighted average common shares outstanding:
   Basic and diluted                               58,034,430  58,034,430   58,034,430   58,034,430
                                                   =========== ===========  =========== ============
</TABLE>

The accompanying notes are an integral part of these financial statements.
                                        4

<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                       STATEMENT OF STOCKHOLDER'S DEFICIT
                            FOR THE SIX MONTHS ENDED
                                DECEMBER 31, 2002
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                               Accumulated
                                    Common Stock    Additional                    Other
                                 ------------------   Paid-in   Accumulated   Comprehensive
                                   Shares   Amount    Capital     Deficit     Income/(Loss)  Total
                                 ---------- ------- ----------- ------------- ------------- ----------
<S>                              <C>        <C>     <C>         <C>             <C>         <C>
 Balances at June 30, 2002       58,034,430 $58,034 $15,882,344 $(16,414,274)   $ (21,890)  $(495,786)

 Sale of assets and certain               -       -     306,213            -       21,890     328,103
    liabilities (Note 3)
 Net loss for the period                  -       -           -     (197,659)           -    (197,659)
                                 ---------- ------- ----------- -------------   ----------  ----------
 Balances at December 31, 2002   58,034,430 $58,034 $16,188,557 $(16,611,933)   $       -   $(365,342)
                                 ========== ======= =========== =============   ==========  ==========

</TABLE>

The accompanying notes are an integral part of these financial statements.
                                        5

<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                            STATEMENTS OF CASH FLOWS
                            FOR THE SIX MONTHS ENDED
                           DECEMBER 31, 2002 AND 2001
<TABLE>
<CAPTION>

                                                             2002         2001
                                                         (Unaudited)  (Unaudited)
                                                         ----------- -------------
<S>                                                      <C>         <C>
 Cash flows from operating activities:
    Net loss                                             $ (197,659) $ (1,279,042)
 Adjustments to reconcile net loss to net cash
 used in operating activities:
    Depreciation                                                  -        20,840
    Provision for uncollectible accounts                          -       190,327
    Impairment of investment held for sale                        -       360,851
    Loss on sale of marketable securities                         -       284,546
    Losses on equity method investments                           -        80,164
    Investments exchanged for goods and services                  -       140,350
    Changes in operating assets and liabilities:
    (Increase) decrease in:
       Prepaid expenses and other                             1,200       100,513
       Receivables from related parties                       4,184      (186,536)
    Increase (decrease) in :
       Accounts payable & accrued liabilities                99,922        20,497
       Payables to related parties                           15,765       134,418
       Unearned consulting fees                                   -       (44,500)
       Other Liabilities                                         57        (5,250)
                                                         ----------- -------------
 Net cash used in operating activities                      (76,531)     (182,822)
 Cash flows from Investing Activities:
    Purchases of fixed assets                                     -        (3,777)
    Purchases of marketable securities - net                      -        76,694
    Decrease/(increase) in advances to related parties       (4,294)      102,214
    Proceeds from sale of assets and certain liabilities     40,000             -
                                                         ----------- -------------
 Net cash provided by investing activities                   35,706       175,131
 Cash flows from Financing Activitites:
    Payments on capital lease obligation                          -        (6,787)
    Checks in excess of bank balances                       (22,175)            -
    Proceeds from loan payable                               63,000             -
                                                         ----------- -------------
 Net cash provided by/(used in) financing activities         40,825        (6,787)
                                                         ----------- -------------
 Net decrease in cash                                             -       (14,478)
 Cash and Cash Equivalents, at beginning of period                -        16,353
                                                         ----------- -------------
 Cash and Cash Equivalents, end of period                $        -  $      1,875
                                                         =========== =============

 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
 Non-cash investing and financing activities:
    Exchange of securities for investment                $        -  $     64,036
                                                         =========== =============
    Marketable securities exchanged for services
      rendered                                           $        -  $     87,850
                                                         =========== =============
    Marketable securities exchanged for payable          $        -  $     19,387
                                                         =========== =============
    Investments exchanged for services                   $        -  $     52,500
                                                         =========== =============
    Gain on sale of assets and certain liabilities
       recorded as additional paid-in capital            $  306,213  $          -
                                                         =========== =============

</TABLE>

The accompanying notes are an integral part of these financial statements.
                                        6

<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                          NOTES TO FINANCIAL STATEMENTS
                       FOR THE THREE AND SIX MONTHS ENDED
                           DECEMBER 31, 2002 AND 2001
                                   (Unaudited)

NOTE 1 - ORGANIZATION AND HISTORY

Business and Organization

NewBridge Capital, Inc., (the "Company") was incorporated in the State of
Minnesota in 1983. Prior to June 1999, the Company designed, manufactured, and
marketed custom energy efficient lighting products utilizing compact fluorescent
lamp technology primarily within the United States.

From April 2000 to June 2002, the Company had advisory agreements with various
publicly and privately-held entities. According to the terms of the advisory
agreements, the Company was to receive between $3,500 per month and $10,000 per
month, plus expenses, in exchange for assistance in the formulation of possible
acquisition strategies, and the management of financial, general, and
administrative matters. In addition, the Company's advisory clients were
required to pay a fee equal to ten percent (10%) of the asset value or
investment made in companies resulting from the Company's efforts, and a
transaction or merger fee (as defined in the agreements) equal to five percent
(5%) of the proceeds received by companies in connection with a sale of its
assets. The Company only earned the ten percent (10%) fee as a result of its
introduction of business opportunities to the client companies. It is unlikely
that another person or entity would receive a finder's fee due to the Company's
role in seeking merger candidates and its management of assets and operations.
The advisory agreements generally had an initial term of five (5) years, but
could be automatically extended for another year, unless terminated by either
party. The Company could also receive shares or warrants to purchase shares from
its clients. As of June 30, 2002, the Company had advisory agreements with
eleven (11) companies, ten (10) of which were related parties. However, few, if
any, of the client companies had the working capital to pay the Company for its
services. Effective July 1, 2002, the Company sold substantially all of its
assets, including the advisory agreements, and certain liabilities to Global
Trade Finance, Inc. ("GTF"), an affiliated company (See Note 3).

The payment of securities commissions and other fees that are contingent upon
securities transactions to an entity that is not registered as a broker-dealer
may be inconsistent with the registration provisions of section 15(a) of the
Securities Exchange Act of 1934. If it is determined that the Company should
have registered as a broker-dealer due to its activities, the Company may be in
a position to terminate its relationships with client companies due to its
failure to register as a broker-dealer.

As of December 31, 2002, the Company's operations consisted of seeking merger
and acquisition candidates.

On April 1, 2002, the Board of Directors approved an increase in the Company's
authorized common stock from 75,000,000 to 975,000,000 shares. The Company filed
with the Nevada Secretary of State to amend its Articles of Incorporation which
was effective on October 7, 2002. On November 8, 2002, the Company's Board of
Directors approved a one (1) for ten (10) reverse stock split of its common
stock, thereby reducing the number of shares outstanding, to be effective after
the close of the BodyScan Acquisition (see below). Effective December 31, 2002,
the BodyScan Acquisition was terminated and the stock split rescinded.

In November 2002, the Company signed an agreement, effective as of July 1, 2002,
and sold substantially all of the Company's assets to Global Trade Finance, Inc.
("GTF"), an affiliated company, with an aggregate net carrying value of
$357,932, consisting primarily of investments, related party receivables,

                                       7
<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                          NOTES TO FINANCIAL STATEMENTS
                       FOR THE THREE AND SIX MONTHS ENDED
                           DECEMBER 31, 2002 AND 2001
                                   (Unaudited)

and the advisory agreements, as well as the transfer certain liabilities,
aggregating to $584,145, for a net purchase price of $80,000. Since the
liabilities transferred exceeded the carrying value of the assets sold, the
Company recorded the excess of liabilities over the fair value of assets sold of
$306,213 as additional paid-in capital, in lieu of recording a gain from such
sale, in accordance with accounting standards generally accepted in the United
States.

In addition, in November 2002, the Company entered into an asset purchase
agreement (the "BodyScan Acquisition") to acquire certain assets and assume
certain liabilities of BodyScan Imaging, LLC ("BodyScan") and its affiliates,
consisting of Nevada limited liability companies and limited liability
partnerships, which operate body scanning equipment and service centers in a
stock-for-assets transaction. However, by mutual consent of the parties, the
agreement was terminated effective December 31, 2002.

In February 2003, the Company signed a letter of intent to acquire Intra-Asia
Entertainment Corporation ("Intra-Asia"), which manages, operates, and develops
amusement theme parks in Asia. The proposed acquisition will result in a change
of control of the Company whereby existing stockholders will retain
approximately twenty percent (20%) of the outstanding voting shares. The
transaction will be accounted for as a recapitalization of Intra-Asia.
Intra-Asia's financial statements would be reported at historical basis for all
future periods after the acquisition. As a condition of this agreement, the
Board of Directors of the Company authorized a reverse stock split of one for
one hundred (1:100) of its common stock, thereby reducing the number of shares
outstanding. As of the date of this report, the reverse split had not occurred.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Unaudited Interim Financial Statements

The interim financial data as of December 31, 2002, and for the three and six
months ended December 31, 2002 and 2001, is unaudited. However, in the opinion
of management, the interim data includes all adjustments, consisting only of
normal recurring adjustments, necessary to present fairly the Company's
financial position as of December 31, 2002, and the results of its operations
for the three and six months ended December 31, 2002 and 2001, and cash flows
for the six months ended December 31, 2002 and 2001. These results are not
necessarily indicative of the results expected for the fiscal year ending June
30, 2003. The accompanying financial statements and notes thereto do not reflect
all disclosures required under accounting principles generally accepted in the
United States. Refer to the Company's Annual Report on Form 10-KSB for the year
ended June 30, 2002 for additional information, including significant accounting
policies.

Use of Estimates

The preparation of the financial statements in conformity with accounting
principles generally accepted in the United States requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities, and disclosure of contingent liabilities at the date of the
financial statements, and the reported amounts of expenses during the reporting
period. Actual results could differ from those estimates. Primary areas where
financial information of the Company is subject to the use of estimates,
assumptions and the application of judgment include the evaluation of
impairments of intangible assets, and the recoverability of deferred tax assets,
which must be assessed as to whether these assets are likely to be recovered by
the Company through future operations.

                                       8
<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                          NOTES TO FINANCIAL STATEMENTS
                       FOR THE THREE AND SIX MONTHS ENDED
                           DECEMBER 31, 2002 AND 2001
                                   (Unaudited)

Going Concern

The Company has incurred losses and has limited liquid resources. The
accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States, which
contemplates continuation of the Company as a going concern. The Company has
experienced recurring losses since 1992. As of December 31, 2002, the Company
had liabilities in excess of assets and a stockholder's deficit totaling
$365,342. These and other factors raise substantial doubt about the Company's
ability to continue as a going concern. Management intends to continue seeking
merger and acquisition candidates, and contemplates that the Company will
satisfy substantially all its obligations through the issuance of common stock
and the completion of transactions designed to restore financial solvency. There
can be no assurance that the Company will be successful in these endeavors. No
adjustments have been made to the accompanying financial statements as a result
of these uncertainties. In November 2002, the Company sold its net assets,
effective July 1, 2002, to an affiliate for the net purchase price of $80,000
(see Notes 1 and 3).

Restatement of Shares Outstanding

All historical share and per share amounts have been restated to reflect the one
(1) for ten (10) exchange of shares resulting from the Company reincorporating
in Nevada (Note 1), and for the five (5) for one (1) stock split effected in
July 2001.

Recent Accounting Pronouncements

In July 2002, the FASB issued SFAS No. 146, "Accounting for Costs Associated
with Exit or Disposal Activities." The standard requires companies to recognize
costs associated with exit or disposal activities when they are incurred rather
than at the date of a commitment to an exit or disposal plan. Costs covered by
the standard include lease termination costs and certain employee severance
costs that are associated with a restructuring, discontinued operation, plant
closing, or other exit or disposal activity. This statement is to be applied
prospectively to exit or disposal activities initiated after December 31, 2002.
Management believes the adoption of the provisions of this statement will not
have a material effect on the Company's consolidated financial statements.

In December 2002, the FASB issued SFAS No. 147, "Acquisitions of Certain
Financial Institutions." SFAS No. 147, amends SFAS No.'s 72, "Accounting for
Certain Acquisitions of Banking or Thrift Institutions," and No. 144,
"Accounting for the Impairment or Disposal of Long-Lived Assets," and SFAS
Interpretation No. 9, "Applying APB Opinion No. 16 and 17 When a Savings and
Loan Association or Similar Institution is Acquired in a Business Combination
Accounted for by the Purchase Method," by providing interpretive guidance on the
application of the purchase method to acquisitions of financial institutions,
and by including in the scope of FASB No. 144 long-term customer-relationship
intangible assets of financial institutions such as depositor and borrower
relationship intangible assets and credit cardholder intangible assets.
Consequently, those intangible assets are subject to the same undiscounted cash
flow recoverability test and impairment loss recognition and measurement
provisions that SFAS No. 144 requires for other long-lived assets that are held
and used. The Company does not expect that the adoption of SFAS No. 147 will
have a significant, if any, impact on its financial statements.

                                       9
<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                          NOTES TO FINANCIAL STATEMENTS
                       FOR THE THREE AND SIX MONTHS ENDED
                           DECEMBER 31, 2002 AND 2001
                                   (Unaudited)

In March 2003, the FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation - Transition and Disclosure." This Statement amends FASB No. 123,
"Accounting for Stock-Based Compensation," to provide alternative methods of
transition for a voluntary change to the fair value based method of accounting
for stock-based employee compensation. In addition, SFAS No. 148 amends the
disclosure requirements of SFAS No. 123 to require prominent disclosures in both
annual and interim financial statements about the method of accounting for
stock-based employee compensation and the effect of the method used on reported
results. The Company is currently evaluating this new standard and its potential
impact on its financial statements in the future.

NOTE 3 - SALE OF ASSETS AND CERTAIN LIABILITIES

Effective July 1, 2002, the Company sold substantially all of its assets to GTF
(the "GTF Sale"). Since the liabilities transferred exceeded the carrying value
of the assets sold, the Company recorded the excess of liabilities over the fair
value of the assets sold as additional paid-in capital, in lieu of recording a
gain from such sale, in accordance with accounting standards generally accepted
in the United States. The total carrying value of the assets sold was $357,932,
the total liabilities transferred was $584,145, and the gain on the transaction
recorded as additional paid-in capital was $306,213.

The purchase price was paid with $40,000 in cash in June 2002, and a promissory
note for $40,000. The receivable from GTF as of June 30, 2002 of $24,470 was not
included in the transfer. During the six months ended December 31, 2002,
additional assets and liabilities were transferred to GTF due to the net
activity of the Company. This activity included payments received from
affiliates of $8,259 and payments made by the Company on accounts payable of
$21,550, and payments made to related parties of $3,450. The amount receivable
from GTF was reduced by the net amount of $16,741. In addition, during the six
months ended December 31, 2002, the Company received payments on the note of
$40,000 and $23,000 of the Company's expenses was paid by GTF. As of December
31, 2002, the Company owed GTF $15,271.

NOTE 4 - FEE INCOME

As described in Note 1, the Company earned fees from its advisory agreements.
The Company sold the advisory agreements effective July 1, 2002 as part of the
GTF Sale, (see Note 3). In the prior year, the Company generated revenues from
the following transactions: During the three months ended September 30, 2001,
the Company received a referral fee of $25,000 for the introduction of a merger
opportunity to an unrelated third party. In addition, during the six months
ended December 31, 2001, the Company recognized revenue from advisory agreements
of $173,000, which is included in revenues from advisory and transaction fees in
the accompanying statements of operations. In certain cases involving advisory
fees, management determined that revenue recognition was not appropriate because
collectibility was not certain at the time the services were rendered by the
Company. The Company deferred $53,500 for the quarter ended December 31, 2001,
for services rendered to related parties in which the collectibility was not
assured. Deferred revenues, which were reflected as a reduction in amounts due
from these entities, totaled $345,000 as of December 31, 2001.

                                       10
<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                          NOTES TO FINANCIAL STATEMENTS
                       FOR THE THREE AND SIX MONTHS ENDED
                           DECEMBER 31, 2002 AND 2001
                                   (Unaudited)

NOTE 5 - MARKETABLE SECURITIES

Each investment represented less than 20% of the outstanding common stock and
stock equivalents of the investee, and each security was nationally quoted on
the National Association of Securities Dealers OTC Bulletin Board ("OTC:BB"). As
such, each investment was accounted for in accordance with the provisions of
SFAS No. 115. The marketable securities held by the Company were transferred, at
cost, as part of the GTF Sale (see Note 3).

During the six months ended December 31, 2001, the Company had the following
marketable securities transactions:

The Company sold 560,000 shares of NetCommerce, Inc. ("NEET") stock to pay for
consulting expenses of $16,800. The Company recorded a gain on the sale of
$2,800, as the fair value of the services rendered exceeded the carrying value
of the securities exchanged. In addition, the Company sold 202,349 shares of
NEET stock on the open market for $2,535 and recorded a loss of $10,489.

The Company transferred 285,000 shares of Global Axess Inc. ("GLXS") stock for
fees and payables. The Company recorded a loss of $270,658 since the shares
experienced a significant decline from their date of acquisition. In addition,
the Company sold 74,000 shares of GLXS stock on the open market for $40,264 and
recorded a loss of $47,069.

The Company sold various available-for-sale equity securities through a national
brokerage firm. The net loss on these transactions was $3,582.

The Company sold 46,000 shares of BioSecure Corp., on the open market for
$2,590. The Company recorded a gain of $2,492.

NOTE 6 - RECEIVABLES FROM RELATED PARTIES

Receivables from related parties were transferred as part of the GTF Sale (see
Note 3).

During the six months ended December 31, 2002, the Company made advances to
related parties in the amount of $39,532 and received payments of $31,273. The
net activity of $8,259 was transferred to GTF (see Note 3).

NOTE 7 - INVESTMENT AT COST

In August 2001, the Company received 1,550,000 shares of Wirelease common stock,
which represented less than 20% of their issued and outstanding shares. There
was no market for these shares. The cost recorded in connection with this
transaction was $424,887. During the quarter ended September 30, 2001, and
thereafter, the securities held by Wirelease significantly declined in value.
During the three months ended September 30, 2001, management recorded a
provision for impairment in the amount of $360,851. The carrying value of this
investment at December 31, 2001 was $64,036. The investment was subsequently
impaired further in fiscal year ended June 30, 2002, to a zero value.

                                       11
<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                          NOTES TO FINANCIAL STATEMENTS
                       FOR THE THREE AND SIX MONTHS ENDED
                           DECEMBER 31, 2002 AND 2001
                                   (Unaudited)

NOTE 8 - EQUITY-METHOD INVESTMENT

BioSecure Corp ("BioSecure)

As of June 30, 2002, the Company owned 25,639,147 shares of BioSecure common
stock. Equity-method losses of BioSecure from inception totaled $149,893. The
carrying value of BioSecure was $18,236. These shares were transferred, at the
carrying value, as part of the GTF Sale (see Note 3). As it was the Company's
intent to seek a merger partner with BioSecure, it believed that BioSecure was
best accounted for on the equity method since its interests were intended to be
held temporarily. The Company recorded equity losses for the three and six
months ended December 31, 2001 of $58,027 and $80,164, respectively.

NOTE 9 - CONSULTING AGREEMENTS

On July 1, 2002, the Company entered into certain consulting agreements. The
Company agreed to retain a consultant to perform public and media communications
services. The consultant will be paid a retainer in the amount of $12,500 and a
monthly fee of $2,500. In addition, the Company agreed to provide the consultant
further compensation in the form of an option to purchase up to 4.9 percent of
the Company's common stock at a specified price, as defined by the agreement. In
addition, the Company entered into a one (1) year information distribution
agreement. The consultant will be paid a retainer in the amount of $12,500 and a
monthly service fee of $2,500.

The Company also entered into two consulting agreements for introduction
services. The Company agreed to compensate the consultants for providing
services with respect to the Company's acquisitions of businesses. The Company
contracted to pay these consultants "success fees" which will be a mutually
agreed upon percentage of any acquisition that the consultants introduce. In
addition, the Company will pay one of the consultants an annual "consulting fee"
in the amount of $60,000. The Company also agreed to pay the President and
Director of the Company a monthly salary of $4,500, and director's fees of
$3,000 per month.

In November 2002, the Company agreed to retain a consultant to perform debt
resolution services. The consultant will be paid a monthly fee of $2,500, plus a
"success fee" equal to ten percent (10%) of the difference between the face
amount of any of the debt settled/restructured or otherwise reduced as a result
of the consultant's efforts on behalf of the Company's clients in connection
with acquisition or merger transactions. In addition, the Company agreed to
provide the consultant further compensation in the form of an option to purchase
1,000,000 shares of the Company's common stock at a specified price as defined
by the agreement.

In December 2002, the Company entered into two consulting agreements for
introduction services. The Company agreed to compensate the consultants for
providing services with respect to the Company or its client's pursuit of
acquisitions of businesses. The Company contracted to pay these consultants
"success fees" of 4.5% of the post-transaction total shares issued and
outstanding of the common stock of the successful acquisition.

In connection with these agreements, during the three and six months ended
December 31, 2002, the Company accrued $37,500 and $92,500, respectively, in
consulting fees and $9,000 and $18,000 in director's fees.

                                       12
<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                          NOTES TO FINANCIAL STATEMENTS
                       FOR THE THREE AND SIX MONTHS ENDED
                           DECEMBER 31, 2002 AND 2001
                                   (Unaudited)

NOTE 10 - 2002 STOCK INCENTIVE PLAN

On June 19, 2002, the Board of Directors of the Company approved the 2002 Stock
Plan (the "2002 Stock Plan"). The 2002 Stock Plan was to become effective on
July 1, 2002. However, as of the date of this report the shares have not been
registered by management with the SEC pursuant to a Form S-8. The 2002 Stock
Plan authorizes the Company to issue up to 22,000,000 shares of common stock.

NOTE 11 - STOCK OPTIONS

In July 2002, the Board of Directors of the Company authorized 4,000,000 shares
to be granted under options to purchase common stock as part of the 2002 Stock
Plan. The options fully vest on the date of issuance and expire five (5) years
from the date of grant (July 1, 2002). The exercise prices begin at $0.05 each
for the first 1,000,000 shares, $0.15 each for the next 1,000,000 shares, $0.30
each for the next 1,000,000 shares, and $0.45 each for the next 1,000,000
shares. Management of the Company evaluated the value of the options granted to
consultants in accordance with SFAS No. 123 "Accounting for Stock-Based
Compensation." The options are significantly "out of the money," (the fair
market value of the stock on the date of grant was less than the grant price)
since the market value of the shares at the date of grant was approximately
$0.02 per share. As such, there was no charge to operations as a result of these
grants using the Black-Scholes valuation model for the quarter ended December
31, 2002.

In November 2002, the Board of Directors of the Company authorized 5,000,000
shares to be granted under options to purchase common stock as part of the 2002
Stock Plan. The options fully vest on the date of issuance and expire five (5)
years from the date of grant (July 1, 2002). The exercise prices begin at $0.60
each for the first 1,000,000 shares, $0.70 each for the next 1,000,000 shares,
$0.80 each for the next 1,000,000 shares and $0.90 each for the next 1,000,000
shares. Management is currently evaluating the value of the options granted to
consultants in accordance with SFAS No. 123 "Accounting for Stock-Based
Compensation." Because the options are significantly "out of the money" since
the market value of the shares at the date of grant was approximately $0.02 per
share, management does not expect to record a significant charge to operations
as a result of these grants using the Black-Scholes valuation model.

In addition, on November 1, 2002, the Company signed an amendment to the
advisory agreement with its President and Director whereby he agreed to release
the Company of its obligation to provide him with additional incentive
compensation, such as life insurance, health insurance, etc. In exchange, the
Company agreed to give the President and Director an option to purchase
1,000,000 shares of the Company's common stock. The exercise prices are $0.60
each for the first 250,000 shares, $0.70 each for the next 250,000 shares, $0.80
each for the next 250,000 shares and $0.90 each for the next 250,000 shares.

NOTE 12 - SUBSEQUENT EVENTS

In connection with the 2002 Stock Plan, in January 2003, the Board of Directors
authorized the grant of 10,500,000 shares of common stock. The Company's sole
officer and director, Mr. Luke, is to receive 2,500,000 shares of common stock,
and the Company's consultants, legal counsel and former director, and one former
officer and director, are to be issued 6,000,000 shares of common stock for
services rendered and to be rendered to the Company. Included in the 10,500,000
shares of common stock to be issued as discussed above, are 2,000,000 shares of
common stock is to be issued to certain individuals deemed promoters or finders

                                       13
<PAGE>
                             NEWBRIDGE CAPITAL, INC.
                          NOTES TO FINANCIAL STATEMENTS
                       FOR THE THREE AND SIX MONTHS ENDED
                           DECEMBER 31, 2002 AND 2001
                                   (Unaudited)

of the Intra-Asia acquisition. These shares are expected to be registered with
the Securities and Exchange Commission when the Company meets its reporting
requirements under the Securities Act of 1934. The Company will report a charge
to operations on the effective date of the grant of 10,500,000 shares in the
amount of approximately $105,000. In February 2003, these shares were issued
with a temporary Section 144 trading restriction. When the Company is able to
register the shares under a Form S-8, the restricted shares will be cancelled
and reissued as registered shares.

In February 2003, the Company signed a letter of intent to acquire Intra-Asia
which manages, operates, and develops amusement theme parks in Asia. The
proposed acquisition will result in a change of control whereby existing
stockholders will retain approximately twenty percent (20%) of the outstanding
voting shares. The transaction will be accounted for as a recapitalization of
Intra-Asia. Intra-Asia's financial statements would be reported at historical
basis for all future periods after the acquisition. As a condition of this
agreement, the Board of Directors authorized a reverse split of its common stock
of one for one hundred (1:100), thereby reducing the number of shares
outstanding. As of the date of this report, the reverse split had not occurred.



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                                       14
<PAGE>
                             NEWBRIDGE CAPITAL, INC.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

General

The discussion and analysis set forth below should be read in conjunction with
the Company's financial statements and the related notes thereto appearing
elsewhere in this Quarterly Report. The information presented for the three and
six months ended December 31, 2002 and December 31, 2001, was derived from
unaudited financial statements, which, in the opinion of the Company's
management, reflect all adjustments (consisting only of normal recurring
adjustments) necessary for a fair presentation.

Forward Looking Statements

This Quarterly Report on Form 10-QSB contains certain forward-looking
statements. When used in this report, press releases and elsewhere by the
management of the Company from time to time, the words "believes,"
"anticipates," and "expects" and similar expressions are intended to identify
forward-looking statements that involve certain risks and uncertainties.
Additionally, certain statements contained in this discussion may be deemed
forward-looking statements that involve a number of risks and uncertainties.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. The Company undertakes no
obligation to publicly release the results of any events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events.

Results of Operations

Quarter Ended December 31, 2002 Compared to Quarter Ended December 31, 2001

As discussed in Note 3, the Company sold its advisory agreements effective July
1, 2002, and therefore, did not have any revenues from these or other sources
for the quarter ended December 31, 2002. During the quarter ended December 31,
2001 the Company recognized as revenues advisory fees from affiliated companies
of $86,000.

General and administrative expenses were $93,893 for the quarter ended December
31, 2002, compared to $281,423 for the comparable period of 2001. The decrease
was attributable to the suspension of operations after the GTF Sale of the
assets and certain liabilities in July 2002, while the Company searched for
merger and acquisition opportunities. The majority of the general and
administrative expenses incurred during the quarter ended December 31, 2002,
consisted of consulting fees, director's fees, and officer's salaries. These
amounts totaled $60,000. In comparison, such items totaled $136,860 for the
quarter ended December 31, 2001.

Six Months Ended December 31, 2002 Compared to Six Months Ended
December 31, 2001

As discussed in Note 3, the Company sold its advisory agreements effective July
1, 2002, and therefore, did not have any revenues from these or other sources
for the six monhts ended December 31, 2002. During the six months ended December
31, 2001 the Company recognized as revenues advisory fees from affiliated
companies of $173,000. The Company also earned a referral fee of $25,000 during
the six months ended December 31, 2001, from the introduction of a potential
merger partner with an unrelated third party.

                                       15
<PAGE>
                             NEWBRIDGE CAPITAL, INC.

General and administrative expenses were $197,659 for the six months ended
December 31, 2002, compared to $577,093 for the comparable period of 2001. The
decrease was attributable to the suspension of operations after the GTF Sale of
the assets and certain liabilities in July 2002, while the Company searched for
merger and acquisition opportunities. The majority of the general and
administrative expenses incurred during the six months ended December 31, 2002,
consisted of consulting fees, director's fees, and officer's salaries. These
amounts totaled $135,677. In comparison, such items totaled $278,473 for the
quarter ended December 31, 2001.

Liquidity and Capital Resources

The Company had checks in excess of bank balances in the amount of $772 at
December 31, 2002.

As of December 31, 2002, the Company had negative working capital and a
stockholder's deficit of $365,342. In November 2002, effective July 1, 2002, the
Company sold substantially all of its assets and certain liabilities to GTF for
a net purchase price of $80,000 (see Note 3). In addition, the Company is
actively seeking merger and acquisition candidates for transactions designed to
restore financial solvency. The Company expects to have additional working
capital available as it negotiates the sale to or merger with another company,
or through loans from affiliated companies. As of December 31, 2002, the Company
had no firm commitments for working capital.

During the six months ended December 31, 2002 and 2001, the Company incurred
significant losses from operations and its investments. The Company had entered
into related party and other transactions which did not result in a significant
benefit to the Company. The Company has limited liquid resources available.
These and other factors raise substantial doubt about the Company's ability to
continue as a going concern. There can be no assurance that it will be
successful in its plans to complete merger and acquisition transactions or to
restore financial solvency. Further, management is unsure whether the working
capital of the Company will be sufficient to meet the operating needs of the
Company for the next twelve (12) months or until a change in control of the
Company occurs through the completion of the acquisition of Intra-Asia.

The Company's operating activities used $76,531 in cash and $182,822 during the
six months ended September 2002 and 2001, respectively. During the six months
ended December 31, 2002 and 2001, investing activities provided $35,706 and
$175,131, respectively. This was primarily due to the sale of assets and certain
liabilities to GTF as discussed in Note 3.

Valuations by the Board of Directors are based on estimates, and those estimates
may materially differ from actual values which may realized upon sale,
liquidation or exchange. Such assets are subject to changes in market
conditions, and accordingly, their value is subject to significant volatility.
In the event market conditions change adversely, the carrying value of these
assets could have a material impact on the Company's financial condition,
results of operations and cash flows.

The Company has no commitments for capital expenditures or additional equity or
debt financing.

Critical Accounting Policies

The financial statements of the Company and related public financial information
are based on the application of accounting principles generally accepted in the
United States ("GAAP"). GAAP requires the use of estimates; assumptions,
judgments and subjective interpretations of accounting principles that have an
impact on the assets, liabilities, and expense amounts reported. These estimates
can also affect supplemental information contained in the external disclosures
of the Company including information regarding contingencies, risk and financial

                                       16
<PAGE>
                             NEWBRIDGE CAPITAL, INC.

condition. The Company believes its use of estimates and underlying accounting
assumptions adhere to GAAP and are consistently and conservatively applied.
Valuations based on estimates are reviewed for reasonableness and conservatism
on a consistent basis throughout the Company. Primary areas where the Company's
financial information is subject to the use of estimates, assumptions and the
application of judgment include the evaluation of impairments of intangible
assets, and the recoverability of deferred tax assets, which must be assessed as
to whether these assets are likely to be recovered by us through future
operations. The Company's management bases its estimates on historical
experience and on various other assumptions that it believes to be reasonable
under the circumstances. Actual results may differ materially from these
estimates under different assumptions or conditions. Management continues to
monitor significant estimates made during the preparation of its financial
statements.

Income Taxes

The Company recognizes deferred tax assets and liabilities based on the
differences between the financial statement carrying amounts and the tax bases
of assets and liabilities. The Company regularly reviews its deferred tax assets
for recoverability and establishes a valuation allowance based upon historical
losses, projected future taxable income and the expected timing of the reversals
of existing temporary differences. For the six months ended December 31, 2002,
management of the Company estimated the allowance on net deferred tax assets to
be hundred percent of the net deferred tax assets.

ITEM 3.  CONTROLS AND PROCEDURES

(a) The Chief Executive Officer, who is also the Chief Financial Officer, has
within 90 days of the filing date of this Quarterly Report on Form 10-QSB made
an evaluation of the company's disclosure controls and procedures (as defined in
Rules 13a-14(c) and 15d-14(c) under the Securities Act of 1934, as amended). In
his opinion, the disclosure controls and procedures are adequate because the
systems of controls and procedures are designed to assure, among other items,
that 1) recorded transactions are valid; 2) valid transactions are recorded; and
3) transactions are recorded in the proper period in a timely manner to produce
financial statements which present fairly the financial condition, results of
operations and cash flows for the respective periods being presented. Moreover,
the evaluation did not reveal any significant deficiencies or material
weaknesses in the Company's disclosure controls and procedures.

(b) There have been no significant changes in the Company's internal controls or
in other factors that could significantly affect these controls since the last
evaluation.

EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE

Basic per share information is computed as net income (loss) divided by the
weighted average number of common shares outstanding for the period. Diluted per
share information reflects the potential dilution that could occur from common
shares issued through stock options, and warrants, as well as other convertible
securities.

For the six months ended December 31, 2002 and 2001, there was no effect on
dilutive weighted average shares resulting from common stock issuable upon the
exercise of common stock purchase warrants and options since the exercise prices
of such warrants and options exceed the average fair market value of the
Company's common stock. As such, the outstanding shares of common stock of the
Company for the three month and six month periods ended December 31, 2002 and
2001, amounting to 58,034,430 shares, respectively, was also the weighted
average of common stock shares for such periods.

                                       17

<PAGE>

                             NEWBRIDGE CAPITAL, INC.

                           PART II: OTHER INFORMATION

Item 1.  Legal Proceedings

         None

Item 2.  Changes in Securities and Use of Proceeds

         None

Item 3.  Defaults Upon Senior Securities

         None

Item 4.  Submission Of Matters To A Vote Of Security Holders

         None
Item 5.  Other Information

         None

Item 6.  Exhibits And Reports On Form 8-K

         (a)      Exhibits
                  Exhibit 99.1 Certification of Fred G. Luke, President, Chief
                  Executive Officer, and Chief Financial Officer Pursuant to 18
                  U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the
                  Sarbanes-Oxley Act of 2002.

         (b) The Company did not file any Reports on Form 8-K during the quarter
ended December 31, 2002.

                                       18

<PAGE>

                             NEWBRIDGE CAPITAL, INC.


                                   SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Company has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

                             NEWBRIDGE CAPITAL, INC.

Date:    March 24, 2003                By:  /s/ Fred G. Luke
                                       ------------------------
                                       Name:    Fred G. Luke
                                       Title:   President


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following person on behalf of the registrant and in
the capacity and on the date indicated.


Date:    March 24, 2003                By:   /s/ Fred G. Luke
                                       ------------------------
                                       Name:    Fred G. Luke
                                       Title:   Director




                                  CERTIFICATION

I, Fred G. Luke, President, Chief Executive Officer, and Chief Financial Officer
of NewBridge Capital, Inc., hereby certify that:

1. I have reviewed this Quarterly Report on Form 10-QSB of NewBridge Capital,
Inc.

2. Based on my knowledge, this Quarterly Report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this Quarterly
Report;

3. Based on my knowledge, the financial statements, and other financial
information included in this Quarterly Report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Company as of, and for, the periods presented in this Quarterly Report;

4. I am responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the Company
and have:

     a) designed such disclosure controls and procedures to ensure that material
     information relating to the Company, is made known to me by others within
     the Company, particularly during the period for which this Quarterly Report
     is being prepared;

                                       19
<PAGE>
                             NEWBRIDGE CAPITAL, INC.

     b) evaluated the effectiveness of the Company's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     Quarterly Report ("Evaluation Date"); and

     c) presented in this Quarterly Report my conclusions about the
     effectiveness of the disclosure controls and procedures based on my
     evaluation as of the Evaluation Date;

5. I have disclosed, based on my most recent evaluation, to the Company's
auditors and the Company's Board of Directors (or persons performing the
equivalent functions):

     a) all significant deficiencies in the design or operation of internal
     controls which could adversely affect the Company's ability to record,
     process, summarize and report financial data and have identified for the
     Company's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
     employees who have a significant role in the Company's internal controls;
     and

6. I have indicated in this Quarterly Report whether there were significant
changes in internal controls or in other factors that could significantly affect
internal controls subsequent to the date of my most recent evaluation, including
any corrective actions with regard to significant deficiencies and material
weaknesses.

Date:    March 24, 2003                By:   /s/ Fred G. Luke
                                       --------------------------------
                                       Name:    Fred G. Luke
                                       Title:   Director
                                                Chief Executive Officer
                                                Chief Financial Officer

                                       20