SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   Form 10-QSB

                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

For Quarter Ended March 31, 2001              Commission File No.    0-15148

                             NEWBRIDGE CAPITAL, INC.
                    (Formerly Scientific NRG, Incorporated)
             (Exact name of registrant as specified in its charter)

           Nevada                                               33-0877143
State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                            Identification Number)


 4695 MacArthur Court, Suite 530, Newport Beach, CA                   92660
      (Address of principal executive offices)                     (Zip Code)

                                 (949) 833-2094
              (Registrant's telephone number, including area code)

                          Scientific NRG, Incorporated
                   (Former Name, if Changed Since Last Report)




     Indicate by check mark whether the Registrant (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 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


                      APPLICABLE ONLY TO CORPORATE ISSUERS:


     As of May 15, 2001, there were 4,438,390 shares of the Registrant's $.001
par value common stock issued and outstanding.


<PAGE>


                             NEWBRIDGE CAPTIAL, INC.
                                      INDEX



                                                                            Page
PART I

Item 1.   Financial Statements

          Balance Sheet - March 31, 2001...................................  1

          Statements of Operations - Three Months and Nine Months Ended
             March 31, 2001 and 2000.......................................  2

          Statements of Cash Flows - Nine Months Ended
             March 31, 2001 and 2000........................................ 3

          Notes to Financial Statements..................................... 4


Item 2.   Management's Discussion and Analysis of
          Financial Condition and Results of Operations..................... 9



PART II

Item 1.   Legal Proceedings................................................ 10

Item 2.   Changes In Securities............................................ 10

Item 3.   Defaults Upon Senior Securities.................................. 10

Item 4.   Submission of Matters to a Vote of Security Holders.............. 10

Item 5.   Other Information................................................ 10

Item 6.   Exhibits and Reports on Form 8-K................................. 10

          Signatures.....................................................   11


<PAGE>


                             NEWBRIDGE CAPITAL, INC.
                                  Balance Sheet
                              As of March 31, 2001
                                   (Unaudited)


<TABLE>
<S>                                                              <C>

ASSETS
Cash and cash equivalents                                        $   183,565
Marketable securities                                                246,227
Receivables from affiliates, net of allowance                      2,716,345
Retainer held by related party                                       144,000

   Total current assets                                            3,290,137

Equity-method investments                                            829,094
Investments, held for sale                                         1,390,588
Investments, at cost                                                 156,311
Property and equipment, net of accumulated depreciation              115,618
Deposits                                                               1,064
Related-party lease deposit                                          100,000
   Total assets                                                  $ 5,882,812

LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses                            $   202,102
Unearned consulting fees                                              82,300
Due to affiliates, net                                                12,635
   Total current liabilities                                         297,037
Stockholders' equity:
Preferred stock, $.001 par value;  25,000,000 shares authorized;
   none issued and outstanding                                             -
Common stock, $.001 par value; 75,000,000 shares authorized;
   3,546,390 shares issued and outstanding                             3,546
Additional paid-in capital                                        14,995,758
Accumulated deficit                                               (9,325,132)
Accumulated other comprehensive income                               (88,397)

   Total stockholders' equity                                      5,585,775
   Total liabilities and stockholders' equity                    $ 5,882,812
</TABLE>



              See accompanying notes to these financial statements

                                        1
<PAGE>


                             NEWBRIDGE CAPITAL, INC.
                            Statements of Operations
                   For the Three Months and Nine Months Ended
                             March 31, 2001 and 2000
                                   (Unaudited)

<TABLE>
<CAPTION>
                                 For the Three Months      For the Nine Months
                                    Ended March 31,           Ended March 31,
                                    2001        2000         2001        2000
<S>                             <C>         <C>         <C>          <C>

Revenues-
Fee income from affiliates      $1,621,530  $        -  $ 2,005,530  $        -
General and administrative
   expenses                        195,303     150,978      552,705     330,971
     Total operating expenses      195,303     150,978      552,705     330,971
Operating income (loss)          1,426,227    (150,978)   1,452,825    (330,971)
Other income (expense):
  Gain (loss) of sale of
    marketable securities          (40,444)          -      (71,463)    868,003
  Loss on sale of investment      (118,813)          -     (118,813)          -
  Impairment of investments              -           -   (7,078,974)          -
  Other income                      11,600           -       12,643           -
  Equity in earnings of
    investees                      134,919           -      267,304           -
  Interest Income                    1,562       9,082       21,632      12,192
     Total other income
       (expense)                   (11,176)      9,082   (6,967,671)    880,195
Income (loss) before income
  taxes                          1,415,051    (141,896)  (5,514,846)    549,224
Income tax provision(benefit)            -     (42,569)         800     164,767
Net income (loss)                1,415,051     (99,327)  (5,515,646)    384,457
Other comprehensive loss -
  Unrealized loss on
    marketable securities          (54,370)          -      (88,397)          -
Comprehensive income (loss)     $1,360,681  $  (99,327) $(5,604,043) $  384,457
Net income (loss) per common
  share:
    Basic and dilutive          $      .41  $     (.03) $     (1.60) $      .11
Basic and dilutive weighted
  common shares outstanding      3,440,580   3,202,390    3,440,580   3,202,390

</TABLE>


              See accompanying notes to these financial statements

                                        2
<PAGE>



                             NEWBRIDGE CAPITAL, INC.
                            Statements of Cash Flows
          For the Nine Months Ended March 31, 2001 and 2000
                                  (Unaudited)
<TABLE>
<CAPTION>
                                                              Nine Months
                                                            Ended March 31,
                                                         2001           2000
<S>                                                  <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income (loss)                                  $(5,515,646)  $   384,457
Adjustments to reconcile net income (loss)
to net cash (used) provided by
operating activities:
  (Gain) loss on sale of securities                       71,463      (868,003)
  Loss on sale of investment                             118,813             -
  Equity in earnings of equity method investees         (267,304)            -
  Impairment of investment held for sale               7,078,974             -
  Common stock issued for compensation                         -        18,000
  Changes in operating assets and liabilities:
    (Increase) decrease in notes
      receivable from affiliates                      (1,768,985)      427,904
    (Increase) in deposits                                (1,064)            -
    Decrease in other assets                               5,000        27,801
    Increase in accounts payable and
      accrued expenses                                   117,954       204,553
    Increase in unearned consulting fees                  82,300             -
    Increase in other liabilities                        (35,216)      (27,788)
Net cash (used) provided by operating activities        (113,711)      166,924

CASH FLOWS FROM INVESTING ACTIVITIES:
  (Purchases) sales of marketable securities, net       (398,016)    1,296,060
  Increase in investments, at cost                             -       (90,589)
  Purchases of fixed assets                              (94,709)            -
Net cash (used) provided by investing activities        (492,725)    1,205,471
Net (decrease) increase in cash                         (606,436)    1,372,395

Cash and cash equivalents, beginning of period           790,001         1,659
Cash and cash equivalents, end of period             $   183,565   $ 1,374,054

Non-cash investing and financing activities:
  Common stock issued to purchase
    wholly owned subsidiaries                        $   542,886   $         -
  Sale of investment for note receivable             $   100,000   $         -

</TABLE>







              See accompanying notes to these financial statements

                                        3
<PAGE>



                             NEWBRIDGE CAPITAL, INC.
                          NOTES TO FINANCIAL STATEMENTS
                           March 31, 2001 (Unaudited)


1. ORGANIZATION AND HISTORY

Business and Organization

NewBridge Capital, Inc. (formerly Scientific NRG, Incorporated, dba Scientific
Component Systems), (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. The principal products were
energy efficient, compact fluorescent downlight fixtures primarily for the
downlight canister retrofit market.

Effective June 30, 1999, the Company consummated an asset purchase agreement
with NuVen Capital L.P. ("NuVen"), which resulted in NuVen obtaining
approximately 70% control of the Company. The assets acquired were accounted for
at historical basis similar to a recapitalization.

On November 30, 1999, the Company was merged into NewBridge Capital, Inc., a
Nevada corporation formed by it on July 22, 1999, and changed its name from
Scientific NRG, Incorporated to NewBridge Capital, Inc. to better reflect its
new corporate direction. At that time, the newly formed Nevada corporation
exchanged one (1) share for every ten (10) shares of Scientific NRG,
Incorporated. The merger was recorded at historical costs since the companies
were under common control, and all amounts, including share information, have
been retroactively restated for the years presented.

The Company had no operations during the nine months ended March 31, 2000.
Effective April, 2000, NuVen assigned to the Company all of its rights and
responsibilities pursuant to advisory agreements with various publicly- held and
privately-held entities. During fiscal year 2001, the Company's operations
consisted of managing its own investments, and performing the obligations
assumed under the advisory agreements which included management of the
investments of these entities, in addition to seeking new business opportunities
for them.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Going Concern

The Company's plan is to continue to provide advisory services to entities under
management and to earn fees in assisting these entities with new business
opportunities. Additionally, the Company intends to liquidate or exchange its
interests in its investments and to acquire interests in other ventures and new
operating opportunities. Management believes that its working capital is
sufficient to meet its working capital requirements for a period of 12 months
from the balance sheet date.

Use of Estimates

The preparation of the 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, 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.

                                        4
<PAGE>


                             NEWBRIDGE CAPITAL, INC.
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                 March 31, 2000


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)

Earnings (Loss) Per Common Share

Net income (loss) per common share is calculated by dividing net income (loss)
by the weighted average number of shares outstanding during the period. Common
stock equivalents had no effect on earnings per share.

Unaudited Interim Financial Statements

The interim financial data as of March 31, 2001, and for the three months and
nine months ended March 31, 2001 and 2000, 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 March 31, 2001, and the results of its operations and
cash flows for the three months and nine months ended March 31,2001 and 2000.
These results are not necessarily indicative of the results expected for the
year ended June 30, 2001. These financial statements and notes thereto do not
reflect all disclosures necessary for preparation under generally accepted
accounting principles. Refer to the Company's Annual Report Form 10-KSB for the
year ended June 30, 2000.

Restatement of Shares Outstanding

All historical share and per share amounts have been restated to reflect the one
for ten exchange of shares resulting from the Company reincorporating in Nevada
and effecting the merger in 1999 (Note 1).

3. FEE INCOME

During the third quarter of fiscal 2001, the Company earned merger and referral
fee income of $1,390,000. A description of these fee transactions is as follows:

The Company earned a fee of $1,000,000 in connection with the acquisition of
Hart Industries, Inc. ("Hart") by Holoworld Cafe. The fee was partially paid to
Newbridge by Hart assigning to Newbridge $730,000 of notes receivable from
individuals who are affiliates of the Company and forgiveness of a note payable
by the Company. The Company recorded the notes, net of an estimated 20%
uncollectible amount of $146,000. The Company also assumed $31,000 of
liabilities payable by Hart. After giving effect to the discount on the notes
and assumed liabilities, the net fee earned in connection with this transaction
was $823,000 and is reflected in the accompanying financial statements for the
three months ended March 31, 2001.

The Company earned a referral fee of $566,000 from NetHoldings.com, Inc.
("NetHoldings"). The company introduced a potential merger partner for
NetHoldings and earned the fee upon execution of a letter of intent. The
potential transaction was later canceled by mutual agreement of the parties. The
fee was paid by NetHoldings by issuance of 936,000 shares of common stock of
NetHoldings adjusted to 438,000 for a 1 for 2 reverse stock split.  The shares
were in escrow with an affiliated entity at March 31, 2001 and will be delivered
to the Company in the 4th quarter of fiscal 2001.



                                        5
<PAGE>


                             NEWBRIDGE CAPITAL, INC.
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                 March 31, 2000


4. RECEIVABLES FROM AFFILIATES

In August 2000, an officer of the Company agreed to exercise his rights under
option agreements with Hart Industries, Inc. ("Hart"). In September 2000, the
Company advanced $378,000 for the purpose of exercising these options.
Subsequently, the Company settled $276,000 of this advance in exchange for the
750,000 shares of Hart that were underlying the options. In January 2001,
$100,000 was received on the remaining $102,000; $2,000 remains outstanding at
March 31, 2001.

In March 2001, the Company received $730,000 in notes receivable from related
parties, as partial payment on the merger fee earned from Hart. The Company
recorded these notes, net of a discount of 20%. The notes earn interest at 8
percent per annum.

Receivables from affiliates at March 31, 2001 represent interest bearing and
non-interest bearing amounts in the amount of $2,122,000. Of this amount,
$2,000,000 is due from certain affiliated companies and $50,000 is due from
officers of the Company.

5. EQUITY-METHOD INVESTMENTS

YES Licensing Partners, LLC

In connection with the asset purchase agreement executed on June 30, 1999, the
Company acquired a 50% equity interest in YES Licensing Partners, LLC ("YLP") at
a cost of $389,481. YLP holds six (6) trademark licenses of YES Clothing Co.
("YSCO") which have a remaining life of one to four years. In accordance with
generally accepted accounting principles, the acquisition of the YLP was
recorded at predecessor basis. The Company has reflected its proportionate share
of the equity in losses of YLP in the accompanying statement of operations for
fiscal 2001. YLP has no significant operations and no tangible assets at March
31, 2001. YLP intends to pursue licensing to strategic partners. YLP is
scheduled to dissolve on December 31, 2003. Equity in losses of YLP totaled
approximately $52,500 during fiscal 2001. The carrying value of YLP at March 31,
2001 was $201,313.

In March, 2001, the Company sold its investment in YLP to an unrelated entity
for $100,000 cash, which was collected by the Company in April, 2000. The
Company recognized a loss on sale of investment in the quarter ended March 31,
2001.

YES Clothing Co.

In connection with the asset purchase agreement executed on June 30, 1999, the
Company acquired 3,500,000 shares common stock and 1,277,000 shares of preferred
stock of YES Clothing Company (YSCO) at an original cost of $91,382. The
Company's interest in YSCO represents 27% of the voting common stock and 100% of
the preferred stock of YSCO. YSCO is an inactive company. In October 2000, the
Company converted 177,005 shares of its YSCO Preferred Stock into 5,779,213
shares of common stock. As a result, the Company now owns approximately 50% of
the outstanding YSCO common stock.


                                        6
<PAGE>


                             NEWBRIDGE CAPITAL, INC.
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                 March 31, 2000


5. EQUITY-METHOD INVESTMENTS(continued)

As it is the Company's intent to seek a merger partner with YSCO, it believes
that YSCO is best accounted for on the equity method. During fiscal 2000, YSCO
realized a gain of $971,000 as a result of successfully settling a tax claim
with the IRS. Equity in income of YSCO totaled $438,000 in fiscal 2001. The
carrying value of YES at March 31, 2001, was $487,545. In November 2000, YSCO
reversed it common stock by 100 to 1 reducing the number o shares owned by the
Company but not its ownership percentage. YES common stock is traded on the
Over-the-Counter Bulletin Board Exchange (OTCBB) under the symbol YCCI.

Oasis Resorts International, Inc.

In connection with the asset purchase agreement executed on June 30, 1999, the
Company acquired 200,000 shares of Oasis common stock at an original cost of
$343,500. In February 2001, Oasis effected a 60 to 1 reverse split, reducing the
Company's shares owned to 3,333 shares. Because the President of NewBridge is
also defined as a control person of Oasis and Oasis is a consolidated subsidiary
of NuOasis, the Company reclassified its investment in Oasis as a security held
for sale rather than a marketable security. Equity in losses of Oasis totaled
approximately $38,500 in fiscal 2001. The carrying value of Oasis at March 31,
2001, was $266,483. Oasis common stock is now traded on the OTCBB under the
symbol OSRI.

Hart Industries, Inc.

The Company holds 39,960 shares of common stock in Hart, representing 1% of the
common stock outstanding of Hart at March 31, 2001. The Company's original
investment of 750,000 shares at a carrying value of $7,000 was increased by the
shares acquired as a result of settlement of the advance to an officer of the
Company in exchange for the 750,000 shares of Hart acquired pursuant to a stock
option. The number of shares owned by the Company was subsequently reduced as a
result of a 25 for 1 reverse stock split in November 2000. The Company's equity
in losses during fiscal 2001 was $8,000. During March 2001, as a result of a
change in control of Hart, the Company changed its method of accounting for its
investment in Hart to marketable securities. The market value of its investment
in Hart at March 31, 2001, was $200,000. Hart common stock is traded on the
OTCBB under the symbol HRII.

5. INVESTMENT HELD FOR SALE

NuOasis Resorts, Inc.

NuOasis operates as a holding company for leisure and entertainment-related
businesses. The President of NewBridge is also defined as a control person of
NuOasis. The NuOasis investment consists of a designated Series D voting,
convertible preferred stock (the "D Preferred"). The D Preferred consists of
24,000,000 shares, which were issued to NuVen Advisors, Inc. ("NuVen Advisors")
in 1993 in exchange for the investment securities with an estimated market
value, based upon independent legal and valuation opinions at the time,
discounted approximately 50% at the date of transfer, of $10,000,000. The D
Preferred is redeemable, in whole or in part, at the option of the Board of
Directors, at any time, at a redemption price of up to $24,000,000. The
Preferred D is convertible, at the option of the holder, into shares of NuOasis
common stock at an exchange rate of 0.41667 per share, or convertible into
shares having a market value at the time of such conversion of $0.41667 per
share. Market value is determined based on 50% of the closing bid price for 30
days preceding notice of conversion. The right to convert the D Preferred
expires on December 31, 2001.

                                        7
<PAGE>


                             NEWBRIDGE CAPITAL, INC.
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                 March 31, 2000


6. INVESTMENT HELD FOR SALE(continued)

In connection with asset purchase agreement with NuVen Capital in fiscal 1999,
the Company acquired 19,200,000 shares of D Preferred on June 30, 1999 with a
carrying value of $8,000,000. The Company obtained an independent appraisal of
the D Preferred at a fair market value of approximately $10,900,000 as of the
date of the acquisition. Since the Company is required to record the asset using
the predecessor's basis, the Company recorded the investment at $8,000,000.

Management obtained an independent appraisal of certain assets held by NuOasis
as of June 30, 2000, totaling $8.1 million. Data used to determine fair value at
June 30, 2000 adversely changed through September 30, 2000. Based on factors
known to management at September 30, 2000, the Company recorded an impairment of
$6,700,000 as a charge to operations to reflect the adverse change that affected
the data used to appraise the asset at June 30, 2000. Management continues to
negotiate a sale or an exchange of its interest in the D Preferred. Management
has determined that no further impairment was necessary during the three months
ended March 31, 2001.

7.  ACQUISITIONS

Effective October 5, 2000, the Company acquired the assets and assumed certain
liabilities of SkateSurfSnow.com from PacificTradingPost.com Inc.("Pacific
Trading") by issuing 136,000 shares of its common stock and warrants to acquire
1,204,004 shares of the Company's common stock for $4.00 per share valued at
$406,000. The acquired assets and liabilities were contributed to a newly formed
company, SkateSurfSnow Inc., ("SSS") a California corporation and wholly owned
subsidiary of the Company. SSS lost $27,000 during the quarter ended December
31, 2000. As a result, the Company at December 31, 2000 determined that SSS
would not realize its anticipated potential without a significant additional
capital contribution from the Company. As a result, the Company decided to cease
the operations of SSS and impaired the remaining investment of $379,000.

Effective December 5, 2000, the Company acquired the assets and assumed certain
liabilities of Random Snowboards for 100,000 shares of its common stock valued
at $137,000. These acquired assets and assumed liabilities were contributed to a
newly formed wholly owned subsidiary of the Company, Annex Distribution, Inc.
("Annex"). For the period ended March 31, 2001, Annex recognized an operating
loss of $54,000 and the carrying value of Annex was $83,000 at March 31, 2001.
The net assets acquired were not significant to the financial statements taken
as a whole.






                                        8
<PAGE>



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS

Results of Operations

Quarter Ended March  31, 2001 Compared to Quarter Ended March 31, 2000

During the quarter ended March 31, 2001 the Company's operations were limited to
actively managing affiliated companies under advisory agreements assumed from
NuVen Advisors, Inc. during fiscal 2000. The Company earned advisory fees in the
third quarter of fiscal 2001 from affiliated companies of $232,000. The Company
also earned a merger fee of $823,000, net of expenses and liabilities assumed,
resulting from the merger of one of its managed companies to an unrelated
company. The Company also received rights to a referral fee of $567,000 during
the quarter from the introduction of a potential merger partner with another
managed affiliated company.

General and administrative expenses were $195,000 in the current quarter
compared to $151,000 in the comparable period last year. The increase is
attributable to costs associated with the advisory agreements in fiscal 2001, as
well as the Company's search for new business opportunities.

Nine Months Ended March 31, 2001 Compared to the Nine Months Ended March 31,
2000

During the nine months ended March 31, 2001 the Company's operations were
limited to actively managing affiliated companies under advisory agreements
assumed from NuVen Advisors, Inc. during fiscal 2000. The Company earned
advisory fees in the first nine months of fiscal 2001 from affiliated companies
of $616,000. The Company also earned a merger fee of $823,000, net of expenses
and liabilities assumed, resulting from the merger of one of its managed
companies to an unrelated company. The Company also received rights to a
referral fee of $567,000 during the quarter from the introduction of a potential
merger partner with another managed affiliated company.

General and administrative expenses were $553,000 in the nine months ended March
31, 2001 as compared to $331,000 in the comparable period last year. The change
is attributable to costs associated with the advisory agreements in fiscal 2001
as well as the Company's search for new business opportunities.

In connection with asset purchase agreement with NuVen Capital in fiscal 1999,
the Company acquired 19,200,000 shares of D Preferred of NuOasis with a carrying
value of $8,000,000. The Company obtained an independent appraisal of the D
Preferred at a fair market value of approximately $10,900,000 as of the date of
the acquisition. Since the Company is required to record the asset using the
predecessor's basis, the Company recorded the investment at $8,000,000.

Management obtained an independent appraisal of certain assets held by NuOasis
as of June 30, 2000, totaling $8.1 million. Data used to determine fair value at
June 30, 2000 adversely changed through September 30, 2000. Based on factors
known to management at September 30, 2000, the Company recorded an impairment of
$6,700,000 as a charge to operations to reflect the adverse change that affected
the data used to appraise the asset at June 30, 2000. Management continues to
negotiate a sale or an exchange of its interest in the D Preferred. Management
has determined that no further impairment was necessary as of ended March 31,
2001.


                                        9
<PAGE>



MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS (continued)

During the second quarter of fiscal 2000, the Company made an investment of
$406,000 in SkateSurfSnow Inc., ("SSS") a California corporation as a wholly
owned subsidiary of the Company. At December, 31, 2000, the Company determined
that SSS would not realize its anticipated potential without a significant
additional capital contribution by the Company. As a result, the Company ceased
the operations of SSS and impaired the remaining investment of $379,000. SSS
lost $27,000 from operations in the second quarter.

Liquidity and Capital Resources

The Company had cash balances of approximately $184,000 and $790,000 at March
31, 2001 and June 30, 2000, respectively.

As of March 31, 2001, the Company had a positive working capital of $3 million.
Management expects to realize fully its current assets including the receivables
from affiliates within the next fiscal year. The Company expects to have
additional working capital available as it continues to earn fees from
affiliated companies pursuant to advisory agreements, and it negotiates the
sale, exchange or liquidation of its equity investments held for sale.
Management believes that the Company's working capital is sufficient to meet the
operating needs for next 12 months.

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






                                       10
<PAGE>



PART II:   OTHER INFORMATION

Item 1.    Legal Proceedings

           None

Item 2.    Changes In Securities

           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 - None

           (b)    None



                                       11
<PAGE>



                                   SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) 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.

                                         NewBridge Capital, Inc.
                                         (Registrant)



Date:    May 21, 2001                    By:  /s/ Leonard J. Roman
                                                  Leonard J. Roman
                                                  Chief Financial Officer