SECURITIES AND EXCHANGE COMMISSION
             WASHINGTON, D.C. 20549

                     FORM 10-QSB

[x]     Quarterly Report Pursuant to Section 13 or 15(d) Securities
Exchange Act of 1934 for Quarterly Period Ended June 30, 2006

-OR-

[ ]     Transition Report Pursuant to Section 13 or 15(d) of the
Securities And Exchange Act of 1934 for the transaction period from
_________ to________

Commission File Number      0-50773


            Creative Beauty Supply of New Jersey Corporation
                 (Exact name of Small Business Issuer
                            in its charter)

   New Jersey                       56-2415252
 (State or other jurisdiction      (I.R.S. Employer
of incorporation or organization)  Identification
                                      number)

   380 Totowa Road
     Totowa, NJ                          07512
(Address of principal executive offices) (Zip Code)

Registrant's Telephone number, including area code:
(973) 904-0004


Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes  [ X ]      No [   ]

The number of outstanding shares of the registrant's common stock, June
30, 2006:

  Common Stock  -  10,532,150









<PAGE>2
                                  PART I
Item I ? FINANCIAL STATEMENTS


            CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
                             BALANCE SHEETS

                                               JUNE 30,      DEC 31,
                                                 2006         2005
                                              ----------   ----------
                                              (UNAUDITED)   (AUDITED)
                   ASSETS

CURRENT ASSETS:
  Cash and cash equivalents                   $  328,536   $  358,420
  Marketable securities                            5,000        5,000
  Accounts receivable                              1,170        1,090
  Inventory                                       59,019       60,299
  Prepaid expenses                                 2,837          570
                                              ----------   ----------
    TOTAL CURRENT ASSETS                         396,562      425,379

PROPERTY AND EQUIPMENT , net of accumulated
 depreciation                                      3,249        3,899
                                              ----------   ----------
TOTAL ASSETS                                  $  399,811   $  429,278
                                              ==========   ==========

          LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable - trade                    $   12,621   $   12,671
  Accrued salaries                                15,410            -
  Payroll taxes payable                                4        3,031
  Accrued expenses                                13,986       10,244
                                              ----------   ----------
    TOTAL CURRENT LIABILITIES                     42,021       25,946
                                              ----------   ----------
STOCKHOLDERS' EQUITY
  Preferred stock, par value $.001,
   authorized 10,000,000 shares, issued and
   outstanding -0- shares                              -            -
  Common stock, par value $.001,
   authorized 100,000,000 shares, issued
    and outstanding 10,532,150 shares             10,532       10,532
  Additional paid-in-capital                     776,109      776,109
  Accumulated deficit                           (428,851)    (383,309)
                                              ----------   ----------
    TOTAL STOCKHOLDERS' EQUITY                   357,790      403,332
                                              ----------   ----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY    $  399,811   $  429,278
                                              ==========   ==========

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

<PAGE>3
            CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
            STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
                             (UNAUDITED)
<TABLE>
                                    Three Months Ended        Six Months Ended
                                         June 30,                  June 30,
                                    2006         2005         2006         2005
                                 ----------   ----------   ----------   ----------

                              <c>          <c>          <c>          <c>
Net Sales                        $   32,978   $   34,597   $   70,123   $   66,263
Cost of Sales                        23,883       27,158       50,783       52,016
                                 ----------   ----------   ----------   ----------
Gross Profit                          9,095        7,439       19,340       14,247
                                 ----------   ----------   ----------   ----------

Operating Expenses
  Salaries - officers                 7,910        8,170       15,860       16,050
  Employee benefits                   4,024        3,236        8,047        6,498
  Professional fees                  14,182       23,450       26,314       34,740
  Rent                                4,050        4,050        8,100        8,100
  Other general and administrative    5,955        5,582       11,674       11,966
                                 ----------   ----------   ----------   ----------
    Total Operating Expenses         36,121       44,488       69,995       77,354
                                 ----------   ----------   ----------   ----------
Loss From Operations                (27,026)     (37,049)     (50,655)     (63,107)
                                 ----------   ----------   ----------   ----------
Other Income (Expense)
  Loss on marketable securities           -     (200,000)           -     (200,000)
  Interest income                     2,522          809        5,113        1,761
                                 ----------   ----------   ----------   ----------
    Total Other Income (Expense)      2,522     (199,191)       5,113     (198,239)
                                 ----------   ----------   ----------   ----------

Net Loss                            (24,504)    (236,240)     (45,542)    (261,346)
Other Comprehensive Income, net of taxes:
  Reclassification adjustment,
   net of income taxes of
   $-0- , $-0-, $-0- and $-0-             -      172,000            -      138,000
                                 ----------   ----------   ----------   ----------
Total Comprehensive Loss         $  (24,504)  $  (64,240)  $  (45,542)  $ (123,346)
                                 ==========   ==========   ==========   ==========
Earning (loss) per share:
  Basic and diluted net loss per
   common share                  $    (0.00)  $    (0.07)  $    (0.00)  $    (0.07)
                                 ==========   ==========   ==========   ==========
  Basic and diluted weighted average
   common shares outstanding     10,532,150    3,494,650   10,532,150    3,494,650
                                 ==========   ==========   ==========   ==========
</TABLE>


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




<PAGE>4

            CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
                        STATEMENTS OF CASH FLOWS
            FOR THE SIX MONTHS ENDED JUNE 30, 2006 AND 2005
                             (UNAUDITED)

                                                 2006         2005
                                              ----------   ----------
Cash Flows from Operating Activities:
  Cash received from customers                $   70,043   $   66,324
  Cash paid to suppliers and employees          (105,040)    (110,887)
  Interest received                                5,113        1,761
  Income taxes paid                                    -            -
  Interest paid                                        -            -
                                              ----------   ----------
    Net cash used in operating activities        (29,884)     (42,802)
                                              ----------   ----------

Cash Flows from Investing Activities                   -            -
                                              ----------   ----------

Cash Flows from Financing Activities:                  -            -
                                              ----------   ----------

NET DECREASE IN CASH AND CASH EQUIVALENTS        (29,884)     (42,802)
                                              ----------   ----------

CASH AND CASH EQUIVALENTS-beginning of period    358,420      213,341
                                              ----------   ----------
CASH AND CASH EQUIVALENTS - end of period     $  328,536   $  170,539
                                              ==========   ==========


RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATIONS:

Net loss                                      $  (44,292)  $ (261,346)

Adjustments to reconcile net income to net
 cash used in operating activities:
  Depreciation                                       650          650
  Loss on marketable securities                        -      200,000
 (Increase) decrease in accounts receivable          (80)          61
  Decrease (increase) in inventory                 1,280       (1,654)
 (Increase) decrease in prepaid expenses          (2,267)          72
  Increase in accounts payable and accrued
   expenses                                       14,825       19,415
                                              ----------   ----------

Net cash used in operating activities         $  (29,884)  $  (42,802)
                                              ==========   ==========



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

<PAGE>5

            CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
                      NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2006


1. THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company
-----------
Creative Beauty Supply of New Jersey Corporation  (the "Company ") was
incorporated in the State of New Jersey on October 1, 2003.  It was
formed pursuant to a resolution of the board of directors of Creative
Beauty Supply, Inc., (CBS") as a wholly-owned subsidiary of that
company, a publicly traded New Jersey corporation.  On January 1, 2004,
the assets and liabilities of CBS were contributed at book value to the
Company, and this subsidiary was then spun-off by CBS to its
stockholders.  This spin-off was done in contemplation of a merger,
which occurred on March 14, 2004 between CBS and Global Digital
Solutions, Inc. (Global), a Delaware corporation, whereby the former
stockholders of CBS became the owners of 100 percent of the common
stock of the company.

On January 1, 2004, the Company commenced operations in the beauty
supply industry at both the wholesale and retail levels. The company
sells cosmetic and beauty supplies to the general public and beauty
salons in northern and central New Jersey.

Interim Financial Statement Presentation
----------------------------------------
The Company has a calendar reporting year of December 31, 2005 of which
the balance sheet data was derived from audited financial statements
but does not include all disclosures required by generally accepted
accounting principles. In the opinion of management, the accompanying
unaudited financial statements contain all normal and recurring
adjustments necessary to present fairly the financial position of the
Company as of June 30, 2006, its results of operations for the six
months ended June 30, 2006 and 2005 and its cash flows for the six
months ended June 30, 2006 and 2005.

The statements of operations for the six months ended June 30, 2006 and
2005 are not necessarily indicative of the results for the full year.

While the Company believes that the disclosures presented are adequate
to make the information not misleading, these financial statements
should be read in conjunction with the financial statements and
accompanying notes included in the Company's Annual Report on Form
10KSB for the year ended December 31, 2005.

Investments in Available-For-Sale Securities
--------------------------------------------
The Company considers its investments in equity securities as
available-for-sale and has therefore reflected the investment at fair
value in the accompanying financial statements.  Realized gains and
losses are recorded in earnings (loss).  Changes in unrealized gains or

<PAGE>6

losses are excluded from earnings (loss).  Changes in unrealized gains
or losses are excluded from earnings (loss) and reported as a component
of other comprehensive income (loss) in the stockholders' equity
section of the balance sheet.

Inventory
---------
Inventory consists of finished goods.  The Company, for interim
reporting, calculates its inventory using the gross profit of the
immediate previous calendar year.

Earning (Loss) Per Share
------------------------
The Company computes earnings or loss per share in accordance with
Statement of Financial Accounting Standards No. 128 (SFAS 128),
"Earning Per Share".  Basic earnings per share is computed by diving
income available to common stockholders by the weighted average number
of common shares outstanding.  Diluted earnings per share reflects the
potential dilution that could occur if securities or other agreements
to issue common stock were exercised or converted into common stock.
Diluted earnings per share is computed based upon the weighted average
number of common shares and dilutive common equivalent shares
outstanding, which includes convertible debentures, stock options and
warrants.

Comprehensive Income
--------------------
The Company reports components of comprehensive income (loss) under the
requirements of SFAS 130, "Reporting Comprehensive Income".  SFAS 130
establishes rules for the reporting of comprehensive income or loss and
its components which require that certain items be presented as
separate components of stockholders' equity.  For the periods
presented, the Company's other comprehensive income consist solely of
unrealized gains from marketable securities available for sale.


2. MARKETABLE SECURITIES

The cost and fair value of marketable equity securities that are
available-for-sale are as follows at June 30, 2006 and December 31,
2005:

                                               June 30,      Dec 31,
                                                 2006         2005
                                              ----------   ----------
                                              (Unaudited)   (Audited)

     Cost                                     $    5,000   $    5,000
     Gross unrealized loss                             -            -
                                              ----------   ----------
     Fair value                               $    5,000   $    5,000
                                              ==========   ==========




<PAGE>7

At June 30, 2005, management determined that the Company's investment
in RAM Venture Holding Corp. was worthless.  A loss of $200,000 was
recorded on the statement of operations as loss on marketable
securities.

3. SALES

Wholesale sales consist of sales to beauty salons of merchandise for
resale.  Sales of merchandise to beauty salons for their own
consumption and not for resale are considered retail sales.  All sales
to the general public are also considered retail sales.

Net sales are summarized as follows:

                                                  Six Months Ended
                                                      June 30,
                                                 2006         2005
                                              ----------   ----------
     Retail                                   $   38,580   $   42,381
     Wholesale                                    31,543       23,882
                                              ----------   ----------
                                              $   70,123   $   66,263
                                              ==========   ==========

                                                Three Months Ended
                                                      June 30,
                                                 2006         2005
                                              ----------   ----------
    Retail                                    $   19,428   $   21,443
    Wholesale                                     13,550       13,154
                                              ----------   ----------
                                              $   32,978   $   34,597
                                              ==========   ==========


4. SUPPLIER CONCENTRATION

For the six months ended June 30, 2006 and 2005, the Company purchased
approximately 59 percent and 59 percent, respectively, of its products
from one supplier.  Management believes that other suppliers could
provide similar products on comparable terms.  A change in suppliers,
however, could cause a delay in merchandise and possible loss of sales
which could affect operating results.




<PAGE>8

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

Trends and Uncertainties.  Demand for Creative NJ?s products will be
dependent on, among other things, market acceptance of Creative NJ?s
concept and general economic conditions, which are cyclical in
nature.  Inasmuch as all of Creative NJ?s activities are the receipt
of revenues from the sales of its products, Creative NJ?s business
operations may be adversely affected by Creative NJ?s competitors.
Our sales have been decreasing due to increased competition from
other beauty supply stores and changes in customer preferences.
These decreases may continue even if we identify and obtain other
product lines.  To date, no types of product lines have been
identified and no timeframes established or cash needs defined.

Capital and Source of Liquidity.

At June 30, 2006, Creative NJ had cash and cash equivalents of
$328,536, a decrease of $29,884 from the cash and cash equivalents
balance of $358,420 at December 31, 2005.

For the six months ended June 30, 2006, cash used in operating
activities totaled $29,884 compared to cash used in operating
activities of $42,802 for the six months ended June 30, 2005.  The
primary reason for the decrease in both periods was to fund the losses
generated during the respective periods.

Investments in Available For Sale Securities consist of the following:

Marketable securities consist of subscriptions for 100,000 shares of
common stock of Proguard Acquisitions, Corp. (Proguard), a non-public
company.  The cost of the subscriptions totals $5,000.

Results of Operations.

Creative NJ sells approximately 1,000 different products at varying
mark ups ranging from 20 to 40 percent.

For the three months ended June 30, 2006, Creative NJ had net sales of
$32,978 and cost of sales of $23,883 resulting in a gross profit of
$9,095.  Comparatively, for the three months ended June 30, 2005,
Creative NJ had net sales of $34,597 and cost of sales of $27,158
resulting in a gross profit of $7,439.

For the three months ended June 30, 2006 and 2005, Creative NJ had
operating expenses of $36,121 and $44,488, respectively.  A majority of
these expenses consisted of those necessary to conduct our business
that have not materially decreased or increased from prior periods.
Professional fees necessary to become and continue as a reporting
company decreased from $23,450 in 2005 to $14,182 in 2006.



<PAGE>9

For the six months ended June 30, 2006, Creative NJ had net sales of
$70,123 and cost of sales of $50,783 resulting in a gross profit of
$19,340.  Comparatively, for the six months ended June 30, 2005,
Creative NJ had net sales of $66,263 and cost of sales of $52,016
resulting in a gross profit of $14,247.

For the six months ended June 30, 2006 and 2005, Creative NJ had
operating expenses of $69,995 and $77,354, respectively.  A majority of
these expenses consisted of those necessary to conduct our business
that have not materially decreased or increased from prior periods.
Professional fees necessary to become and continue as a reporting
company decreased from $34,740 in 2005 to $26,314 in 2005.

At June 30, 2005, management determined that Creative NJ?s investment
in RAM Venture Holding Corp. was worthless.  A loss of $200,000 was
recorded on the statement of operations as loss on marketable
securities for the six and three months ended June 30, 2005.

Plan of Operation.  During the next twelve months, Creative NJ may
obtain new product lines by negotiating with various manufacturers.
Creative NJ does not intend to hire any additional employees.

To date, no types of product lines have been identified and no
timeframes established or cash needs defined.  Creative NJ has not
   -  made any contacts,
   -  had any discussions,
   -  made any arrangements, nor
   -  have any understanding

with any third parties regarding obtaining new product lines.

Creative NJ is not delinquent on any of its obligations even though
Creative NJ has had limited operating revenues.  Creative NJ intends to
market its products utilizing cash made available from the sale of its
products.  Creative NJ is of the opinion that revenues from the sales
of its products will be sufficient to pay its expenses.

Creative NJ does not have nor does it intend to have pension and/or
other post-retirement benefits in the future.

Creative NJ does not have any or intends to have any derivative
instruments or hedging activities.

Critical Accounting Policies

The preparation of financial statements and related disclosures in
conformity with accounting principles generally accepted in the United
States of America requires management to make judgments, assumptions
and estimates that affect the amounts reported in Creative NJ's
financial statements and the accompanying notes.  The amounts of assets
and liabilities reported in our balance sheets and the amounts of
revenues and expenses reported for each of our fiscal periods are
affected by estimates and assumptions which are used for, but not



<PAGE>10

limited to, the accounting for allowance for doubtful accounts, fair
market values of marketable securities, asset impairments, inventory
and income taxes.  Actual results could differ from these estimates.

The following critical accounting policies are significantly affected
by judgments, assumptions and estimates used in the preparation of the
financial statements.

Revenue is recognized when earned in accordance with applicable
accounting standards.  Net sales are recognized at the time products
are shipped to customers.  Over-the-counter sales are recorded at point
of sale.

The allowance for doubtful accounts is based on Creative NJ's
assessment of the collectability of specific customer accounts, credit
worthiness and economic as well as the aging of the accounts receivable
balances.  If there is a deterioration of a major customer's credit
worthiness or actual defaults are higher than Creative NJ's historical
experience, Creative NJ's estimates of recoverability of amounts due
Creative NJ could be adversely affected.

Creative NJ classifies its investments in equity securities as
available-for-sale and reports them at fair value.  Realized gains and
losses are recorded in earnings (loss) and changes in the unrealized
gain or loss is excluded from earnings (loss) and reported as a
component of other comprehensive income (loss).

Creative NJ's inventory consists of finished goods.   For interim
reporting, Creative NJ calculates its inventory using the gross profit
of the immediate previous calendar year.

Forward-Looking Statements

This Form 10-QSB contains forward-looking statements within the meaning
of the federal securities laws.   These statements include those
concerning the following:  Our intentions, beliefs and expectations
regarding the fair value of all assets and liabilities recorded; our
strategies; growth opportunities; product development and introduction
relating to new and existing products; the enterprise market and
related opportunities; competition and competitive advantages and
disadvantages; industry standards and compatibility of our products;
relationships with our employees; our facilities, operating lease and
our ability to secure additional space; cash dividends; excess
inventory, our expenses; interest and other income; our beliefs and
expectations about our future success and results; our operating
results; our belief that our cash and cash equivalents will be
sufficient to satisfy our anticipated cash requirements; our
expectations regarding our revenues and customers; investments and
interest rates.  These statements are subject to risk and uncertainties
that could cause actual results and events to differ materially.

Creative NJ undertakes no obligation to update forward-looking
statements to reflect events or circumstances occurring after the date
of this Form 10-QSB.

<PAGE>11

Item 3.  Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Carmine Catizone, the chief executive officer and Daniel Generelli, the
chief financial officer of Creative NJ have made an evaluation of the
disclosure controls and procedures relating to the financial statements
of Creative NJ for the six months ended June 30, 2006 and have judged
such controls and procedures to be effective as of June 30, 2006 (the
evaluation date).

Changes in Internal Controls

There have been no significant changes (including corrective actions
with regard to significant deficiencies or material weaknesses) in our
internal controls or in other factors that could significantly affect
these controls subsequent to the Evaluation Date set forth above.



<PAGE>12

PART II - OTHER INFORMATION

Item 1. Legal Proceedings. not applicable.
Item 2. Changes in Securities and Use of Proceeds.
          not applicable.
Item 3. Defaults Upon Senior Securities.
          not applicable.
Item 4. Submission of Matters to a Vote of Security
          Holders.
          not applicable.
Item 5. Other Information. not applicable.
Item 6. Exhibits and Reports on Form 8-K.

(a)   Reports on Form 8-K.
(b)   Exhibits.
       Exhibit 31 - Certifications pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
       Exhibit 32 - Certifications pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002

                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its
behalf by the undersigned thereunto duly authorized.

Dated:  August 8, 2006

CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION

By: /s/ Carmine Catizone
---------------------------
Carmine Catizone, President and Director