UNITED STATES
             U.S. SECURITIES AND EXCHANGE COMMISSION

                    Washington, D.C.  20549
                            FORM 10-KSB


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

           For the fiscal year ended December 31, 2001.

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

           For the transition period from ______ to ______

Commission file number: 0-25511


                          NEWSEARCH, INC.
       -----------------------------------------------------
          (Name of Small Business Issuer in its charter)


      Colorado                              84-1522846
      ----------                          -------------
(State or other jurisdiction of           (I.R.S. employer
incorporation or organization)             identification
                                           number)


7706 East Napa Place, Denver, CO 80237
- ----------------------------------------------------------
(Address of principal executive offices)        (Zip Code)

Issuer's Telephone Number:      (303)771-0064

Securities registered under Section 12(b) of the Act:

            Title of each class:  n/a

            Name of each exchange on which registered:  n/a

Securities registered under Section 12(g) of the Act:

            Common Stock, par value $.001 per share

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

Check if there is no disclosure of delinquent filers in response
to Item 405 of Regulation S-B is not contained in this form, and
no disclosure will be contained, to the best of registrant's
knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB.  [x]

State issuer's revenues for its most recent fiscal year: $0.

State the aggregate market value of the voting and non-voting
common equity held by non-affiliates computed by reference to the
price at which the common equity was sold, or the average bid and
asked price of such common equity, as of a specified date within
the past 60 days. (See definition of affiliate in Rule 12b-2 of
the Exchange Act.)

 None. The stock is not currently listed or trading in the OTC market or on
any Exchange, consequently, there has been has been no bid/ask price within
the past 60 days.

State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date:

     As of December 31, 2001 the Company has issued and
     outstanding 1,001,050 shares of common stock.

No documents have been incorporated by reference.

Transitional Small Business Disclosure Format:  Yes [ ]  No  [x]



                              PART I

ITEM 1.  DESCRIPTION OF BUSINESS

GENERAL

          Newsearch, Inc. (the "Company"), was  incorporated under the laws
of
the State of Colorado on December 3, 1999.  The Company was formed as a
blind
pool or blank check company for the purpose of seeking to complete a merger
or
business acquisition transaction, and as the successor to a previous public
trading corporation which was also named Newsearch, Inc. ("Old Newsearch").

          Old Newsearch existed under the laws of the State of Colorado
from
June 21, 1984 until January 1, 1990, and during the period from December
12,
1984 through August 1988, the company was listed in Moody's Investors
Service
and its shares traded publicly in the over-the-counter market (Pink
Sheets)..
It was initially engaged in the restaurant business during a period from
April
1985 to September 1986 when it owned and operated "Godfathers Pizza
Company".
In 1986, its  restaurant business activities were terminated, and between
1986
and 1990,  Old Newsearch unsuccessfully attempted to become engaged in
various
other business activities.  Finally, in 1989, Old Newsearch ceased all
business activities, and on January 1, 1990, it was administratively
dissolved
by the Colorado Secretary of State for failure to file its bi-annual report
and pay the related fee. At that point in time, Newsearch, Inc. became a
partnership with the prior shareholders maintaining a proportionate interst
in
the partnership relative to the shsres owned in Newsearch, Inc. and
continued
activities to find an other operating entity.

     On December 3rd, 1999, the Board of Directors  authorized and issued
301,050 shares of the company's common stock in exchange for the
partnership
interests of all the partners in the Newsearch Partnership (the
'Partnership'), a general partnership comprised of the former shareholders
of
Newsearch,  which existed during a  period commencing with the dissolution
of
Newsearch and terminating with the organization of the company. A
distribution
of the shares was made to the former shareholders of Newsearch on a pro
rata
basis of one share of Common Stock for each one hundred shares of Common
Stock
of Newsearch owned of record by them prior to Newsearch's dissolution. In
addition, on December 2nd, 1999,  the Board of Directors authorized and
issued
700,000 restricted shares to the two Officers and Directors and two
Advisors.

          The Company has generally been inactive since inception. . Its
only
activities have been organizational ones, directed at developing its
business
plan, conducting a limited search for business opportunities, and previous
efforts directed at completing a voluntary registration pursuant of Section
12(g) of the Securities Exchange Act of 1934.  The Company has one full-
time employees, its president and owns no real estate.

          The Company elected to initiate the process of voluntarily
becoming a reporting Company under the Securities Exchange Act of 1934 by
filing a Form 10-SB registration statement.  Following the effective date
of this registration statement, April 12, 2000, the Company has complied
with
the periodical reporting requirements of the Securities Exchange Act of
1934.


   Beginning in January 2001,the Company had elected to terminate its
search
for a merger candidate or business acquisition, and focus on generating
revenues in-house as a computer graphics design company .  The business
plan
adopted for implementation during the first nine months of the 2001 was
dependent on the efforts of the  President and was unsuccessful.
Consequently,
The Company will continue  its status as that of a 'blind pool' or 'blank
check' company..


The Company is a "blind pool" or "blank check" company, whose business plan
is
to seek, investigate, and, if warranted, acquire one or more properties or
businesses, and to pursue other related activities intended to enhance
shareholder value.  The acquisition of a business opportunity may be made
by
purchase, merger, exchange of stock, or otherwise, and may encompass assets
or
a business entity, such as a corporation, joint venture, or partnership.
The
Company has very limited capital, and it is unlikely that the Company will
be
able to take advantage of more than one such business opportunity.  The
Company intends to seek opportunities demonstrating the potential of
long-term
growth as opposed to short-term earnings.  However, at the present time,
the
Company has not identified any business opportunity that it plans to
pursue,
nor has the Company reached any agreement or definitive understanding with
any
person concerning an acquisition.

          It is anticipated that the Company's officers and directors will
contact broker- dealers and other persons with whom they are acquainted who
are involved in corporate finance matters to advise them of the Company's
existence and to determine if any companies or businesses they represent
have
a general interest in considering a merger or acquisition with a blind
pool
or blank check entity.  No assurance can be given that the Company will be
successful in finding or acquiring a desirable business opportunity, given
the
limited funds that are expected to be available for acquisitions.
Furthermore,
no assurance can be given that any acquisition which does occur will be on
terms that are favorable to the Company or its current stockholders.

          The Company's search will be directed toward small and
medium-sized
enterprises which have a desire to become public corporations and which are
able to satisfy, or anticipate in the reasonably near future being able to
satisfy, the minimum asset requirements in order to qualify shares for
trading
on NASDAQ or on an exchange such as the American Stock Exchange. (See
"Investigation and Selection of Business Opportunities").  The Company
anticipates that the business opportunities presented to it will (i) either
be
in the process of formation, or be recently organized with limited
operating
history or a history of losses attributable to under-capitalization or
other
factors; (ii) be experiencing financial or operating difficulties; (iii) be
in
need of funds to develop a new product or service or to expand into a new
market, or have plans for rapid expansion through acquisition of competing
businesses; (iv) be relying upon an untested product or marketing concept;
(v)
have a combination of the characteristics mentioned in (i) through (iv), or
other similar characteristics.  The Company intends to concentrate its
acquisition efforts on properties or businesses that it believes to be
undervalued or that it believes may realize a substantial benefit from
being
publicly owned. Given the above factors, investors should expect that any
acquisition candidate may have little or no operating history, or a history
of
losses or low profitability.

          The Company does not propose to restrict its search for
investment
opportunities to any particular geographical area or industry, and may,
therefore, engage in essentially any business, to the extent of its limited
resources.  This includes industries such as service, finance, natural
resources, manufacturing, high technology, product development, medical,
communications and others.  The Company's discretion in the selection of
business opportunities is unrestricted, subject to the availability of such
opportunities, economic conditions, and other factors.

          As a consequence of this registration of its securities, any
entity
which has an interest in being acquired by, or merging into the Company, is
expected to be an entity that desires to become a public company and
establish
a public trading market for its securities.  In connection with such a
merger
or acquisition, it is highly likely that an amount of stock constituting
control of the Company would either be issued by the  Company or be
purchased
from the current principal shareholders of the Company by the acquiring
entity
or its affiliates.  If stock is purchased from the current principal
shareholders, the transaction is very likely to be a private transaction
rather than a public distribution of securities, but is also likely to
result
in substantial gains to the current principal shareholders relative to
their
purchase price for such stock.  In the Company's judgment, none of its
officers and directors would thereby become an "underwriter" within the
meaning of the Section 2(11) of the Securities Act of 1933, as amended as
long
as the transaction is a private transaction rather than a public
distribution
of securities.  The sale of a controlling interest by certain principal
shareholders of the Company could occur at a time when minority
shareholders
are unable to sell their shares because of the lack of a public market for
such shares.

          Depending upon the nature of the transaction, the current
officers
and directors of the Company may resign their management positions with the
Company in connection with a change in control or acquisition of a business
opportunity (See "Form of Acquisition," below, and "Risk Factors - The
Company
- Lack of Continuity in Management").  In the event of such a resignation,
the
Company's current management would thereafter have no control over the
conduct
of the Company's business.

          It is anticipated that business opportunities will come to the
Company's attention from various sources, including its officers and
directors, its other stockholders, professional advisors such as attorneys
and
accountants, securities broker-dealers, venture capitalists, members of
the financial community, and others who may present unsolicited proposals.
The Company has no plans, understandings, agreements, or commitments with
any
individual for such person to act as a finder of opportunities for the
Company.

          The Company does not foresee that it would enter into a merger or
acquisition transaction with any business with which its officers or
directors
are currently affiliated.  Should the Company determine in the future,
contrary to the foregoing expectations, that a transaction with an
affiliate would be in the best interests of the Company and its
stockholders,
the Company is in general permitted by Colorado law to enter into such a
transaction if:

          (1)  The material facts as to the relationship or interest of the
affiliate and as to the contract or transaction are disclosed or are known
to
the Board of Directors, and the Board in good faith authorizes, approves or
ratifies the contract or transaction by the affirmative vote of a majority
of the disinterested directors, even though the disinterested directors
constitute less than a quorum; or


   (2)  The material facts as to the relationship or interest of the
affiliate
and as to the contract or transaction are disclosed or are known to the
stockholders entitled to vote thereon, and the contract or transaction is
specifically authorized, approved or ratified in good faith by vote of the
stockholders; or

          (3)  The contract or transaction is fair as to the Company as of
the
time it is authorized, approved or ratified, by the Board of Directors or
the
stockholders.

Investigation and Selection of Business Opportunities

          To a large extent, a decision to participate in a specific
business
opportunity may be made upon management's analysis of the quality of the
other
company's management and personnel, the anticipated acceptability of new
products or marketing concepts, the merit of technological changes, the
perceived benefit the business opportunity will derive from becoming a
publicly held entity, and numerous other factors which are difficult, if
not
impossible, to analyze through the application of any objective criteria.
In
many instances, it is anticipated that the historical operations of a
specific
business opportunity may not necessarily be indicative of the potential for
the future because of a variety of factors, including, but not limited to,
the
possible need to expand substantially, shift marketing approaches, change
product emphasis, change or substantially augment management, raise
capital,
and the like.

          It is anticipated that the Company will not be able to diversify,
but will essentially be limited to the acquisition of one business
opportunity
because of the Company's limited financing.  This lack of diversification
will
not permit the Company to offset potential losses from one business
opportunity against profits from another, and should be considered an
adverse
factor affecting any decision to purchase the Company's securities.

          Certain types of business combination or business acquisition
transactions may be completed without any requirement that the Company
first
submit the transaction to the stockholders for their approval. In the event
that a proposed transaction is structured in such a fashion that
shareholder
approval is not required, holders of the Company's securities (other than
principal shareholders holding a controlling interest) should not
anticipate
that they will be consulted or that they will be provided with financial
statements or any other documentation prior to the completion of the
transaction.  Other types of transactions require prior approval of the
shareholders.

          In the event a proposed business combination or business
acquisition transaction is structured in such a fashion that prior
shareholder
approval is necessary, the Company will be required to prepare a Proxy or
Information Statement describing the proposed transaction, file it with the
Securities and Exchange Commission for review and approval, and mail a copy
of
it to all Company shareholders prior to holding a shareholders meeting for
purposes of voting on the proposal.  Minority shareholders who do not vote
in
favor of a proposed transaction will then have the right, in the event the
transaction is approved by the required number of shareholders, to exercise
statutory dissenters rights and elect to be paid the fair value of their
shares.

          The analysis of business opportunities will be undertaken by or
under the supervision of the Company's officers and directors, none of whom
are professional business analysts (See "Management").  Although there are
no
current plans to do so, Company management might hire an outside consultant
to
assist in the investigation and selection of business opportunities, and
might
pay a finder's fee.  Since Company management has no current plans to use
any
outside consultants or advisors to assist in the investigation and
selection
of business opportunities, no policies have been adopted regarding use of
such
consultants or advisors, the criteria to be used in selecting such
consultants
or advisors, the services to be provided, the term of service, or the total
amount of fees that may be paid.  However, because of the limited resources
of
the Company, it is likely that any such fee the Company agrees to pay would
be
paid in stock and not in cash.

          Otherwise, in analyzing potential business opportunities, Company
management anticipates that it will consider, among other things, the
following factors:

          (1)  Potential for growth and profitability, indicated by new
technology, anticipated market expansion, or new products;

          (2)  The Company's perception of how any particular business
opportunity will be received by the investment community and by the
Company's
stockholders;

          (3)  Whether, following the business combination, the financial
condition of the business opportunity would be, or would have a significant
prospect in the foreseeable future of becoming, sufficient to enable the
securities of the Company to qualify for listing on an exchange or on a
national automated securities quotation system, such as NASDAQ, so as to
permit the trading of such securities to be exempt from the requirements of
Rule 15c2-6 adopted by the Securities and Exchange Commission (See "Risk
Factors - The Company - Regulation of Penny Stocks").

          (4)  Capital requirements and anticipated availability of
required
funds, to be provided by the Company or from operations, through the sale
of
additional securities, through joint ventures or similar arrangements, or
from
other sources;

          (5)  The extent to which the business opportunity can be
advanced;

          (6)  Competitive position as compared to other companies of
similar
size and experience within the industry segment as well as within the
industry
as a whole;

          (7)  Strength and diversity of existing management, or management
prospects that are scheduled for recruitment;

          (8)  The cost of participation by the Company as compared to the
perceived tangible and intangible values and potential; and

          (9)  The accessibility of required management expertise,
personnel,
raw materials, services, professional assistance, and other required
items.

          No one of the factors described above will be controlling in the
selection of a business opportunity, and management will attempt to analyze
all factors appropriate to each opportunity and make a determination based
upon reasonable investigative measures and available data.  Potentially
available business opportunities may occur in many different industries and
at
various stages of development, all of which will make the task of
comparative
investigation and analysis of such business opportunities extremely
difficult
and complex.  Potential investors must recognize that, because of the
Company's limited capital available for investigation and management's
limited
experience in business analysis, the Company may not discover or adequately
evaluate adverse facts about the opportunity to be acquired.

          The Company is unable to predict when it may participate in a
business opportunity.  It expects, however, that the analysis of specific
proposals and the selection of a business opportunity may take several
months
or more.

          Prior to making a decision to participate in a business
opportunity,
the Company will generally request that it be provided with written
materials
regarding the business opportunity containing as much relevant information
as
possible, including, but not limited to, such items as a description of
products, services and company history; management resumes; financial
information; available projections, with related assumptions upon which
they
are based; an explanation of proprietary products and services; evidence of
existing patents, trademarks, or services marks, or rights thereto; present
and proposed forms of compensation to management; a description of
transactions between such company and its affiliates during relevant
periods;
a description of present and required facilities; an analysis of risks and
competitive conditions; a financial plan of operation and estimated capital
requirements; audited financial statements, or if they are not available,
unaudited financial statements, together with reasonable assurances that
audited financial statements would be able to be produced within a
reasonable
period of time not to exceed 60 days following completion of a merger or
acquisition transaction; and the like.

          As part of the Company's investigation, the Company's executive
officers and directors may meet personally with management and key
personnel,
may visit and inspect material facilities, obtain independent analysis or
verification of certain information provided, check references of
management
and key personnel, and take other reasonable investigative measures, to the
extent of the Company's limited financial resources and management
expertise.

          It is possible that the range of business opportunities that
might
be available for consideration by the Company could be limited by the
impact
of Securities and Exchange Commission regulations regarding purchase and
sale
of "penny stocks."  The regulations would affect, and possibly impair, any
market that might develop in the Company's securities until such time as
they
qualify for listing on NASDAQ or on an exchange which would make them
exempt
from applicability of the "penny stock" regulations.  See "Risk Factors -
Regulation of Penny Stocks."

          Company management believes that various types of potential
merger
or acquisition candidates might find a business combination with the
Company
to be attractive.  These include acquisition candidates desiring to create
a
public market for their shares in order to enhance liquidity for current
shareholders, acquisition candidates which have long term plans for raising
capital through the public sale of securities and  believe that the
possible
prior existence of a public market for their securities would be
beneficial,
and acquisition candidates which plan to acquire additional assets through
issuance of securities rather than for cash, and believe that the
possibility
of development of a public market for their securities will be of
assistance
in that process.  Acquisition candidates which have a need for an immediate
cash infusion are not likely to find a potential business combination with
the
Company to be an attractive alternative.

Form of Acquisition

          It is impossible to predict the manner in which the Company may
participate in a business opportunity.  Specific business opportunities
will
be reviewed as well as the respective needs and desires of the Company and
the
promoters of the opportunity and, upon the basis of that review and the
relative negotiating strength of the Company and such promoters, the legal
structure or method deemed by management to be suitable will be selected.
Such structure may include, but is not limited to leases, purchase and sale
agreements, licenses, joint ventures and other contractual arrangements.
The
Company may act directly or indirectly through an interest in a
partnership,
corporation or other form of organization.  Implementing such structure may
require the merger, consolidation or reorganization of the Company with
other
corporations or forms of business organization. In addition, the present
management and stockholders of the Company most likely will not have
control
of a majority of the voting shares of the Company following a merger or
reorganization transaction.  As part of such a transaction, the Company's
existing directors may resign and new directors may be appointed without
any
vote by stockholders.

          It is likely that the Company will acquire its participation in a
business opportunity through the issuance of Common Stock or other
securities
of the Company.  Although the terms of any such transaction cannot be
predicted, it should be noted that in certain circumstances the criteria
for
determining whether or not an acquisition is a so-called "tax free"
reorganization under the Internal Revenue Code of 1986, depends upon the
issuance to the stockholders of the acquired company of a controlling
interest
(i.e. 80% or more) of the common stock of the combined entities immediately
following the reorganization.  If a transaction were structured to take
advantage of these provisions rather than other "tax free" provisions
provided
under the Internal Revenue Code, the Company's current stockholders would
retain in the aggregate 20% or less of the total issued and outstanding
shares.  This could result in substantial additional dilution in the equity
of
those who were stockholders of the Company prior to such reorganization.
Any
such issuance of additional shares might also be done simultaneously with a
sale or transfer of shares representing a controlling interest in the
Company
by the current officers, directors and principal shareholders. (See
"Description of Business - General").

          It is anticipated that any new securities issued in any
reorganization would be issued in reliance upon one or more exemptions from
registration under applicable federal and state securities laws to the
extent
that such exemptions are available.  In some circumstances, however, as a
negotiated element of the transaction, the Company may agree to register
such
securities either at the time the transaction is consummated, or under
certain
conditions at specified times thereafter.  The issuance of substantial
additional securities and their potential sale into any trading market that
might develop in the Company's securities may have a depressive effect upon
such market.

          The Company will participate in a business opportunity only after
the negotiation and execution of a written agreement.  Although the terms
of
such agreement cannot be predicted, generally such an agreement would
require
specific representations and warranties by all of the parties thereto,
specify
certain events of default, detail the terms of closing and the conditions
which must be satisfied by each of the parties thereto prior to such
closing,
outline the manner of bearing costs if the transaction is not closed, set
forth remedies upon default, and include miscellaneous other terms.

          As a general matter, the Company anticipates that it, and/or its
principal shareholders will enter into a letter of intent with the
management,
principals or owners of a prospective business opportunity prior to signing
a
binding agreement.  Such a letter of intent will set forth the terms of the
proposed acquisition but will not bind any of the parties to consummate the
transaction.  Execution of a letter of intent will by no means indicate
that
consummation of an acquisition is probable.  Neither the Company nor any of
the other parties to the letter of intent will be bound to consummate the
acquisition unless and until a definitive agreement concerning the
acquisition
as described in the preceding paragraph is executed.  Even after a
definitive
agreement is executed, it is possible that the acquisition would not be
consummated should any party elect to exercise any right provided in the
agreement to terminate it on specified grounds.

          It is anticipated that the investigation of specific business
opportunities and the negotiation, drafting and execution of relevant
agreements, disclosure documents and other instruments will require
substantial management time and attention and substantial costs for
accountants, attorneys and others.  If a decision is made not to
participate
in a specific business opportunity, the costs incurred in the related
investigation would not be recoverable.  Moreover, because many providers
of
goods and services require compensation at the time or soon after the goods
and services are provided, the inability of the Company to pay until an
indeterminate future time may make it impossible to procure goods and
services.

Investment Company Act and Other Regulation

          The Company may participate in a business opportunity by
purchasing,
trading or selling the securities of such business.  The Company does not,
however, intend to engage primarily in such activities. Specifically, the
Company intends to conduct its activities so as to avoid being classified
as
an "investment company" under the Investment Company Act of 1940 (the
"Investment Act"), and therefore to avoid application of the costly and
restrictive registration and other provisions of the Investment Act, and
the
regulations promulgated thereunder.

          The Company's plan of business may involve changes in its capital
structure, management, control and business, especially if it consummates a
reorganization as discussed above.  Each of these areas is regulated by the
Investment Act, in order to protect purchasers of investment company
securities.  Since the Company will not register as an investment company,
stockholders will not be afforded these protections.

Competition

          The Company expects to encounter substantial competition in its
efforts to locate attractive business combination opportunities.  The
competition may in part from business development companies, venture
capital
partnerships and corporations, small investment companies,
brokerage firms, and the like.  Some of these types of organizations are
likely to be in a better position than the Company to obtain access to
attractive business acquisition candidates either because they have greater
experience, resources and managerial capabilities than the Company,
because they are able to offer immediate access to limited amounts of cash,
or
for a variety of other reason.  The Company also will experience
competition
from other public "blind pool" companies, some of which may also have funds
available for use by an acquisition candidate.

Administrative Offices

          The Company currently maintains a mailing address at 7706 East
Napa
Place, Denver, CO 80237 which is the office address of its President.  The
Company's telephone number there is (303) 771-0064  Other than this mailing
address, the Company does not currently maintain any other office
facilities,
and does not anticipate the need for maintaining office facilities at any
time
in the foreseeable future.  The Company pays no rent or other fees for the
use
of this mailing address.



Employees

          The Company is in the development stage and currently has no
employees.  Management of the Company expects to use consultants, attorneys
and accountants as necessary, and does not anticipate a need to engage any
full-time employees so long as it is seeking and evaluating business
opportunities.  The need for employees and their availability will be
addressed in connection with the decision whether or not to acquire or
participate in specific business opportunities.


Results of Operations

          During the period from December 3, 1999 (inception) through
December 31, 2001 the Company has engaged in no significant operations
other
than organizational activities, acquisition of capital and preparation for
registration of its securities under the Securities Exchange Act of 1934,
as
amended.  No revenues were received by the Company during this period.

          For the current fiscal year, the Company anticipates incurring a
loss as a result of expenses associated with registration and compliance
with
reporting obligations under the Securities Exchange Act of 1934, and
expenses
associated with locating and evaluating acquisition candidates. The Company
anticipates that until a business combination is completed with an
acquisition
candidate, it will not generate revenues.  The Company may also continue to
operate at a loss after completing a business combination, depending upon
the
performance of the acquired business.

Need for Additional Financing

          The Company's existing capital will not be sufficient to meet the
Company's cash needs, including the costs of completing its registration
and
complying with its continuing reporting  obligations under the Securities
Exchange Act of 1934.  Accordingly, additional capital will be required.

          No commitments to provide additional funds have been made by
management or other stockholders, and the Company has no plans, proposals,
arrangements or understandings with respect to the sale or issuance of
additional securities prior to the location of a merger or acquisition
candidate.  Accordingly, there can be no assurance that any additional
funds
will be available to the Company to allow it to cover its expenses.
Notwithstanding the foregoing, to the extent that additional funds are
required, the Company anticipates receiving such funds in the form of
advancements from current shareholders without issuance of additional
shares
or other securities, or through the private placement of restricted
securities
rather than through a public offering.  The Company does not currently
contemplate making a Regulation S offering.

          Regardless of whether the Company's cash assets prove to be
inadequate to meet the Company's operational needs, the Company might seek
to
compensate providers of services by issuances of stock in lieu of cash.
For
information as to the Company's policy in regard to payment for consulting
services, see "Certain Relationships and Transactions."


ITEM 2.  DESCRIPTION OF PROPERTY

     The company currently has no property of its own, but utilizes
rent-free
the office of its President at 7706 East Napa Place, Denver, CO 80237.

ITEM 3.  LEGAL PROCEEDINGS

     The Company is not a party to any material pending legal proceedings
and,
to the best of its knowledge, no such action by or against the Company has
been threatened in the last quarter of 2001. None of the Company's
officers,
directors, or beneficial owners of 5% or more of the Company's outstanding
securities is a party adverse to the Company nor do any of the foregoing
individuals have a material interest adverse to the Company.

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

     The Company did not have any matters to submit for a
shareholders vote in the last quarter of 2001.



..                            PART II

ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

MARKET INFORMATION

     The Company has no public trading market for its common stock.
Although
the Company intends to seek a quotation for its common shares on the
Over-the-Counter Bulletin Board in the future, there is no assurance the
Company will do so, nor is there any assurance that should the Company
succeed
in obtaining a listing for its securities on the OTC Bulletin Board or on
some
other exchange, that a trading market for the Company's stock will develop.
There are no outstanding options, warrants to purchase, or securities
convertible into common equity of the Company outstanding. The Company has
not
agreed to register any shares of its common stock for any shareholder.


     The Company has not issued any new securities during the last quarter
of
2001.

STOCKHOLDERS

     The Company's transfer agent, Computershare, confirms that, as of
December 31, 2001, there are approximately 143 shareholders of record for
the
Company.

DIVIDENDS

     To date, the Company has not paid any dividends on its common stock.
The
payment of dividends, if any, in the future is within the discretion of the
Board of Directors and will depend upon the Company's earnings, its capital
requirements and financial condition, and other relevant factors. The Board
does not intend to declare any dividends in the foreseeable future, but
instead intends to retain all earnings, if any, for use in the Company's
business operations. Under Colorado Corporate Law, dividends may be paid
out
of surplus or, in case there is no surplus, out of net profits for the
fiscal
year in which the dividend is declared and/or the proceeding fiscal year.

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

GENERAL

     The Company currently operates at 7706 East Napa Place, Denver, CO
80237.
The Company's principal business is as a blank check company searching for
a
merger or acquisition partner or as a purchaser of assets.

Results of Operations for the Period Ending December 31, 2001

     From December 3, 1999 (date of inception) to December 31, 2001, the
Company generated no revenues. The Company has  not commence business
operations.

     The following is a discussion of the results of operations for the
year
ended December 31, 2001.

     Total revenues for the year ended December 31, 2001 were $0. The
company
has been seeking to merge with or acquire an operating business. This
search
has been unsuccessful to this date.
..
     Total costs and expenses were $2,354. This was for the professional
fees
related to the preparation and filing of the Company's Form 10-KSB and
other
periodic filings.

     The net income for the year ended December 31, 2001 was $(2,354) and
was
associated with the expenditure in professional fees related to the
preparation and filing of the Company's Form 10-KSB, quarterly reports
and general expenses.

Liquidity and Capital Resources

     Cash as of December 31, 2001 was $319.

PLAN OF OPERATION

     During the next twelve months the Company's plan of operation is
dependent upon management's ability to find and  acquire an operating
company
or acquire assets in which to commence as an operating business.. The
Company
will rely on management's abilities and years of experience to accomplish
its
objectives.

    During the next twelve months, its cash requirements will be minimal.
The
Company has approximately $319 which it believes will not be sufficient to
provide for the cash requirements for day to day operations in the next
twelve
months, as well as provide for costs associated with searching for a viable
operating entity.

    If the Company does not succeed in seeing limited revenues, or, at
minimum, the potential of limited revenues, in the next twelve months, it
may
be forced to discontinue operations unless it is able to raise sufficient
capital to continue pursuing its business plan. Management is not
experienced
in searching, evaluating and  finding potential acquisition companies and
may
not have estimated its financial needs correctly. The Company may require
additional funds and time to achieve these goals. Even if the Company
begins
generating revenues, it  could require additional funding for expansion. It
may be difficult for the Company to succeed in securing additional
financing.
The Company may be able to attract some private investors, or officers and
directors may be willing to make additional cash contributions,
advancements
or loans. Or, in the alternative, the Company could attempt some form of
debt
or equity financing. However, there is no guarantee that any of the
foregoing
methods of financing would be successful. If the Company fails to achieve
at
least a portion of its business goals in the next twelve months with the
funds
available to it, there is substantial uncertainty as to whether it will
continue operations.

ANY FORWARD-LOOKING STATEMENTS INCLUDED IN THIS FORM 10-KSB REFLECT
MANAGEMENT'S BEST JUDGMENT BASED ON FACTORS CURRENTLY KNOWN AND INVOLVE
RISKS
AND UNCERTAINTIES. ACTUAL RESULTS MAY VARY MATERIALLY.


ITEM 7.  FINANCIAL STATEMENTS

                             CONTENTS


                                                          Page


REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS

F-1

BALANCE SHEET

                                     F-2

STATEMENTS OF OPERATIONS

                      F-3

STATEMENTS OF CASH FLOWS

                      F-4

NOTES TO FINANCIAL STATEMENTS

        F-5 TO F-6


                      Comiskey  Professional Corporation
                           & Company
             REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS


The Board of Directors and Stockholders of
Newsearch, Inc.


We have audited the accompanying balance sheet of Newsearch, Inc. (a
development
stage company) as of December 31, 2001, and the related statements of
operations,
stockholders  equity (deficit), and cash flows for each of the years ended
December 31, 2001, and for the year ended December 31, 2001 as contained in
the
period from inception (December 3, 1999) to December 31, 2001. These
financial
statements are the responsibility of the Company s management. Our
responsibility
is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally
accepted
in the United States of America. Those standards require that we plan and
perform
the audits to obtain reasonable assurance about whether the financial
statements
are free of material misstatement. An audit includes examining, on a test
basis,
evidence supporting the amounts and disclosures in the financial
statements. An
audit also includes assessing the accounting principles used and
significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable
basis for
our opinion.

In our opinion, the financial statements referred to above present fairly,
in all
material respects, the financial position of Newsearch, Inc. as of December
31,
2001, and the results of its operations and cash flows for each of the year
ended
December 31, 2001, and for the year ended December 31, 2001 as contained in
the
period from inception (December 3, 1999) to December 31, 2001 in conformity
with
accounting principles generally accepted in the United States of America.


Denver, Colorado
February 25, 2002

/s/ Comiskey & Company


            PROFESSIONAL  CORPORATI0N


            Certified Public Accountants & Consultants
        789 Sherman Street   Suite 440   Denver, CO 80203
(303) 830-2255   Fax (303) 830-0876 info@comiskey.com   www.comiskey.com


F-1



                         Newsearch, Inc.
                  (A Development Stage Company)
                          BALANCE SHEET
                        December 31, 2001



  ASSETS

CURRENT ASSETS
   Cash and cash equivalents

                                              $              319



 Total current assets

                                                         319
 TOTAL ASSETS

                                           $              319




 LIABILITIES AND STOCKHOLDERS EQUITY

CURRENT LIABILITIES
   Accounts payable

                                                   $          1,149

   Total current liabilities

                                               $          1,149

STOCKHOLDERS  EQUITY (DEFICIT)
   Preferred stock. $0.001 par value; 50,000,000 shares
       authorized; no shares issued and outstanding
   Common stock,$0.001 par value; 100,000,000
       shares authorized; 1,001,050 shares issued and
       outstanding

                                                                   1,001
   Additional paid-in capital
                                                     3,401
   Deficit accumulated during the development stage

                     (5,232)


 TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

           $             319









The accompanying notes are an integral part of the financial statements.



     F-2

                         Newsearch, Inc.
                  (A Development Stage Company)
                     STATEMENTS OF OPERATIONS







 For the period


 from inception

(December 3, 1999             For the year ended


to December 31,                    December 31,


    2001                         2001                 2000


 REVENUES                                                            $

       -              $               -             $              -

 EXPENSES
   General and Administrative

             5,232                          2,354                  2,878


 Total expenses

        5,232                           2,354                  2,878


 NET LOSS

    (5,232)                         (2,354)                (2,878)

 Accumulated deficit

 Balance, beginning of period Balance
-
                          (2,878)                       -
 Balance, end of period                                           $
 (3,232)              $        (5,232)           $     (2,878)

  NET LOSS PER SHARE                                   $        (NIL)

  $         (NIL)          $     (NIL)


  WEIGHTED AVERAGE NUMBER OF
   SHARES OF COMMON STOCK
  OUTSTANDING
  1,001,050                    1001,050                1,001,050



The accompanying notes are an integral part of the financial statements.
                               F-3

                         Newsearch, Inc.
                  (A Development Stage Company)
                     STATEMENTS OF CASH FLOWS






                   For the period


           from inception


          (December 3, 1999)           For the year  ended

                                                                        to
December 31,                     December 31,


                  2001                          2001           2000

 CASH FLOWS FROM OPERATING ACTIVITIES
 Net loss

                     $       (5,232)              $     (2,354)   $
 (2,878)
 Adjustments to reconcile net loss to net cash
       flows from operating activities:
   Account s payable

                    1,149                        1,149               -


     Net cash flows from operating activities

       (4,083)            (1,205)          (2,878)


 CASH FLOWS FROM INVESTING ACTIVITIES                                -

                         -                  -

 CASH FLOWS FROM FINANCING ACTIVITIES
   Issuance of capital stock

                      3,702                            -
   3.702
   Donated Capital

                           700                            700
-



     Net cash flows from financing activities

        4,402                            700              -


 NET INCREASE (DECREASE) IN CASH
 AND CASH EQUIVALENTS

      319                          (505)          (2,878)

 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD              -
   824             3,702

 CASH AND CASH EQUIVALENTS,
    END OF PERIOD

           $         319                   $       319       $      824



\The accompanying notes are an integral part of the financial statements.
                               F-4

 Newsearch, Inc.
                   (A Development Stage Company)
                 NOTES TO THE FINANCIAL STATEMENTS
                         December 31, 2001


   1.   Summary of Significant  Accounting Policies
    Development Stage Company
   Newsearch, Inc. (a development stage company) (the "Company") was
   incorporated under the laws of the State of Colorado on December 3,
1999.
   The principal office of the corporation is 7706 East Napa Place, Denver,
   Colorado 80237.

   The Company is a new enterprise in the development stage as defined by
   Statement No. 7 of the Financial Accounting Standards Board. The company
is
   considered as a blind pool or blank check company for the purpose of
seeking
   to complete a merger or business acquisition transaction, as a successor
to
   a previous company, which was also named Newsearch, Inc. ("Old
Newsearch").
   The company is authorized to issue 100,000,000 shares of $.0O1 par value
   stock and 50,000,000 shares of $.001 par value preferred stock.

   Old Newsearch existed under the laws of Colorado from June 21, 1984
until
   January 1, 1990, and during the period from December 12, 1984 through
August
   1988, it was listed in Moody s Investors Services and its shares traded
   publicly in the over-the-counter "pink sheets". It was initially engaged
in
   the restaurant business during a period from April 1, 1985 to September
   1986. In 1986, its restaurant activities were terminated, and between
1986
   and 1990, Old Newsearch unsuccessfully attempted to become engaged in
   various other business activities. In 1989, Old Newsearch ceased all
   business activities, and on January 1,
   1990, it was administratively dissolved by the Colorado Secretary of
State
   for failure to file its biannual report and pay the related fees.

   On December 3, 1999, the Board of Directors authorized and issued 301
,050
   shares of the company s common stock on exchange for the partnership
   interests of all the partners in the Newsearch Partnership, which was
Old
   Newsearch. A distribution of these shares was made to the shareholders
of
   Old Newsearch on a pro rate basis of one share of common stock for each
one
   hundred shares of common stock of Newsearch owned of record by the Old
   Newsearch shareholders prior to Old Newsearch s termination. In
Addition,
   on December 2nd 1999, the Board of Directors authorized and issued
700,000
   restricted shares to the two officers and directors and two advisors,
for
   cash in the amount of $2,702. Of the total $2,702, $1,001 is considered
   common stock and $1,701 is considered additional paid-in-capital.

   On June 28, 2000, a director donated cash in the amount of $1,000 and on
   April 3, 2001 a director donated $700 in cash. The entire amount is
   considered additional paid-in-capital.

   Accounting Method
   The Company records 1ncome and expenses on the accrual method.

   Loss per Share
   Loss per share was computed using the weighted average number of shares
of
   common stock outstanding during the period.

   Organization Costs
   Costs to incorporate the Company were originally capitalized to be
amortized
   over a sixty-month period but have been written off pursuant to SOP
98-5.


                              F-5


                        Newsearch, Inc.
                 (A Development Stage Company)
               NOTES TO THE FINANCIAL STATEMENTS
                       December 31, 2001



   1.   Summary of Significant Accountanting  Policies (continued)
    Financial Instruments
   Unless otherwise indicated, the fair value of all reported assets and
   liabilities which represent financial instruments (none of which are
held
   for trading purposes) approximate the carrying values of such amounts.

   Statements of Cash Flows
   For purposes of the statements of cash flows, the Company considers all
   highly liquid debt instruments purchased with an original maturity of
   three months or less to be cash equivalents.

    Use of Estimates
   The preparation of the Company s financial statements in conformity with
   generally accepted accounting principles requires the Company s
   management to make estimates and assumptions that effect the amounts
   reported in these financial statements and accompanying notes. Actual
   results could differ from those estimates.

   2.   Stockholders  Equity
   As of December 31, 2001, 1,001,050 shares of the Company s $.001 par
   value common stock were issued and outstanding.

   3.   Going Concern
   The Company s financial statements are prepared using the generally
   accepted accounting principles applicable to a going concern, which
   contemplates the realization of assets and liquidation of liabilities in
   the normal course of business. However, the company has not commenced
its
   planned principle operations. Without realization of additional capital,
   it would be unlikely for the company to continue as a going concern.

   4.   Related Party Transactions
   The company does not lease or rent any property. Office services are
   provided without charge by the director. Such costs are immaterial to
the
   financial statements and, accordingly, have not been reflected therein.
   The officers and directors of the company are involved in other business
   opportunities. If a specific business opportunity becomes available,
such
   persons may face a conflict in selecting between the Company and their
   other business interests. The Company had not formulated a policy for
the
   resolution of such conflicts.









                              F-6

ITEM 8  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL
DISCLOSURE

On November 21, 2001, Newsearch,Inc. received notice from its independent
accountants, C. Brad Beckstead, of his resignation from engagement as the
companies independent public accountant.

In connection with the audits of the two fiscal years ending December 31,
1999
and December 31, 2000, and the interim period preceding the resignation,
there
were no disagreements with the former accountant on any matter of
accounting
principles or practices, financial disclosure, or auditing scope or
procedure,
which disagreement(s), if not resolved to the satisfaction of the former
accountant, would have caused it to make reference to the subject matter of
the
disagreement(s) in connection with its reports. The accountants report on
the
financial statements for either of the past two years did not contain an
adverse
opinion, disclaimer of opinion and were not qualified or modified as to
uncertainty of audit scope or accounting principles.



                               PART III

ITEM  9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
COMPLIANCE
WITH SECTION 16(a) OF THE EXCHANGE ACT

The following table sets forth the directors and executive officers of the
Company, their ages, and all positions with the Company.

Name                               Age                Position

Irwin Krushansky                    69            President/Sole Director
7706 East Napa Place
Denver, Colorado 80237


Irwin Krushansky,  age 69, became the President and Sole Director of the
company
on December 3, 2001. Mr.Krushansky graduated from the University of Denver
in
1960 with a BSBA. His major was accounting and he went on to work for
several
national and local CPA firms. During a period from 1963 to 1972 he held
positions
as National Manager of Branches for the Joseph Schlitz Brewing Company,
Western
Regional Director for Both the Pabst Brewing Company and Canada Dry
Corporation.
Since 1972, Mr. Krushansky has owned and operated and bought and sold more
than
20 different types of companies and is experience in many phases of the
food
industry, oil and gas development, business brokerage, real estate and new
company start ups.











ITEM 10, EXECUTIVE COMPENSATION

Name and Principal
All other
Position                      Year                         Compensation

Joey Smith                       2001                               0
Rhett Nielson              2001                                0
Irwin Krushansky         2001                             0

No additional compensation in any other form has been paid nor is there
currently
any plan or arrangement for future compensation.

OPTIONS/SAR GRANTS

There were no stock options or stock appreciation rights granted to any
executive officer since its inception through the present date.

AGGREGATED OPTION/SAR EXERCISES AND FISCAL YEAR END
OPTION/SAR VALUE TABLE

Not applicable.

LONG TERM INCENTIVE PLANS

There are no long term incentive plans in effect and therefore no awards
have been given to any executive officer in the past year.

 COMPENSATION OF DIRECTORS

The Company pays no fees to members of the Company s Board of Directors for
the performance of their duties as directors. The Company has not
established
committees of the Board of Directors. Currently there is only one Director
as
required by Colorado law.

EMPLOYMENT CONTRACTS AND TERMINATION OF EMPLOYMENT AND CHANGE IN CONTROL
ARRANGEMENTS

The Company has no employment contracts in effect with any of the members
of its Board of Directors or its executive officers nor are there any
agreements
or understandings with such persons regarding termination of employment or
changes in control arrangements.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information as of December 31, 2001,
with respect to the beneficial ownership of the common stock by each
officer and
director of the Company, each person (or group of persons whose shares are
required to be aggregated) known to the Company to be the beneficial owner
of
more than five percent (5%) of the common stock, and all such directors and
executive officers of the Company as a group. Unless otherwise noted, the
persons
named below have sole voting and investment power with respect to the
shares
shown as beneficially owned by them. Also included are the shares held by
all
executive officers and directors as a group.









                                                                 % of

                                  Number of Shares                Class
Name and address                  Owned Beneficially              Owned

Rhett Nielson                      150,000                  15.0
528 Chelsea Drive
Henderson, Nevada 89014

Joey Smith                             150,000                   15.0
914 Derringer
Henderson, Nevada 89014

Irwin Krushansky                      200,000                       20.0
7706 E. Napa Place
Denver, Colorado 80237

Max C. Tanner                    200,000                       20.0
2950 E. Flamingo Road
Suite C
Las Vegas, Nevada 89121

All directors and executive        150,000                     15.0
officers (2 persons) An Officer
and Director of the Company.

These shares are restricted.

These shares are control stock for which the resale is limited under Rule
144(e)
to 1% of the shares outstanding every 90 days.

CHANGES IN CONTROL

The Company has no arrangements which might result in a change in control
of the Company.

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

There have been no material transactions in the past two years or proposed
transactions to which the Company has been or proposed to be a part in
which any
officer, director, nominee for officer or director, or security holder of
more
than 5% of the Company s outstanding securities is involved.

The Company has no promoters other than its President, Irwin Krushansky.
There have been no transactions which have benefitted or will benefit Mr.
Krushansky either directly or indirectly.







ITEM 13.   EXHIBITS AND REPORTS ON FORM  8-K

(a) Exhibits

3.1   Articles of Incorporation of Newsearch, Inc. incorporated by
reference to
Form 1OSB filed on April 12, 2000......................................
1

3.2  By-Laws of Newsearch, Inc. incorporated by reference from Form 1OSB
filed
on April 12, 2000......................................................
1

1 -  Incorporated by reference to another registration statement,
report, or document


(b)   Reports on Form 8-K

During the last quarter of 2001, there was one (1) Form 8-K filed.

   (1)  Form 8-K Resignation of Certifying Accountant was filed on December
12, 2001.

                     SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto
duly
authorized.

                      Newsearch Inc.
                      (Registrant)
Date: March 31, 2002

 By:  /s/ Irwin Krushansky
Irwin Krushansky
President and Chief Executive
Officer