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 March 31, 2007

-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, May
14, 2007:

  Common Stock  -  10,532,150









<PAGE>2
                                  PART I
Item I - FINANCIAL STATEMENTS

CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
BALANCE SHEETS
<TABLE>
<CAPTION>
                                                   March 31,            December 31,
                                                     2007                  2006
                                                 -------------         ------------
                                                  (UNAUDITED)             (AUDITED)

                                                   <c>                    <c>
ASSETS

CURRENT ASSETS:
   Cash and cash equivalents                      $    282,145         $    270,482
   Marketable securities                                87,230              100,000
   Accounts receivable                                   1,195                1,665
   Inventory                                            55,880               56,830
   Prepaid expenses                                      2,922                2,731
                                                  ------------         ------------
   TOTAL CURRENT ASSETS                                429,372              431,708

PROPERTY AND EQUIPMENT, net of accumulated
   depreciation                                          2,274                2,599
                                                  ------------         ------------
TOTAL ASSETS                                      $    431,646         $    434,307
                                                  ============         ============
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
   Accounts payable - trade                       $     30,505         $     10,916
   Payroll taxes withheld and accrued                       68                  631
   Accrued expenses                                     16,727               16,686
                                                  ------------         ------------
   TOTAL CURRENT LIABILITIES                            47,300               28,233
                                                  ------------         ------------
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                                (485,163)            (475,567)
   Accumulated other comprehensive income               82,868               95,000
                                                  ------------         ------------
   TOTAL STOCKHOLDERS' EQUITY                          384,346              406,074
                                                  ------------         ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        $    431,646         $    434,307
                                                  ============         ============
</TABLE>
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
FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND 2006
(UNAUDITED)
<TABLE>
                                                           2007              2006
                                                           ----              ----

                                                         <c>               <c>
Net Sales                                             $    28,366       $    37,145
Cost of Sales                                              21,331            26,900
                                                      -----------       -----------
Gross Profit                                                7,035            10,245
                                                      -----------       -----------

Operating Expenses
   Salaries - officers                                      8,220             7,950
   Employee benefits                                        4,502             4,023
   Professional fees                                       16,090            12,132
   Rent                                                     4,050             4,050
   Other general and administrative                         6,172             5,719
                                                      -----------       -----------
   Total Operating Expenses                                39,034            33,874
                                                      -----------       -----------
Loss from operations                                      (31,999)          (23,629)
                                                      -----------       -----------
Other income
   Interest income                                          3,041             2,591
   Gain on sale of marketable securities                   12,132                 -
   Miscellaneous income                                     7,230                 -
                                                      -----------       -----------
   Total other income                                      22,403             2,591
                                                      -----------       -----------
Net Loss                                                   (9,596)          (21,038)

Other comprehensive income, net of taxes:
   Reclassification adjustment                            (12,132)                -
                                                      -----------       -----------
Total comprehensive loss                              $   (21,728)      $   (21,038)
                                                      ===========      ============
Earning (loss) per share:
   Basic and diluted net loss per common share        $      0.00       $      0.00
                                                      ===========       ===========
   Basic and diluted weighted average common
     shares outstanding	                                10,532,150        10,532,150
                                                      ===========       ===========
</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 THREE MONTHS ENDED MARCH 31, 2007 AND 2006

(UNAUDITED)
<TABLE>
                                                           2007            2006
                                                           ----            ----

                                                        <c>              <c>
Cash Flows from Operating Activities:
     Cash received from customers                      $    28,836     $    36,327
     Cash paid to suppliers and employees                  (40,214)        (51,609)
     Interest received                                       3,041           2,592
     Miscellaneous income                                    7,230               -
     Income taxes paid                                           -               -
     Interest paid                                               -               -
                                                       -----------     -----------
          Net cash used in operating activities             (1,107)        (12,691)
                                                       -----------     -----------
Cash Flows from Investing Activities:
     Proceeds from sale of marketable securities            12,770               -
                                                       -----------     -----------
Cash Flows from Financing Activities:                       12,770               -
                                                       -----------     -----------
NET INCREASE (DECREASE) IN CASH AND
   CASH EQUIVALENTS                                         11,663         (12,691)
CASH AND CASH EQUIVALENTS - beginning of period            270,482         358,420
                                                       -----------     -----------
CASH AND CASH EQUIVALENTS - end of period              $   282,145     $   345,729
                                                       ===========     ===========

RECONCILIATION OF NET LOSS TO NET CASH USED IN OPERATIONS:

Net loss                                               $    (9,596)    $   (21,038)
Adjustments to reconcile net loss to net
  cash used in operating activities:
        Depreciation                                           325             326
        Gain on sale of marketable securities              (12,132)              -
        Decrease (increase) in accounts receivable             470            (818)
        Decrease in inventory                                  950           3,994
       (Increase) in prepaid expenses                         (191)         (1,115)
        Increase in accounts payable and
          accrued expenses                                  19,067           5,960
                                                        ----------     -----------
Net cash used in operating activities                   $   (1,107)    $   (12,691)
                                                        ==========     ===========
</TABLE>
The accompanying notes are an integral part
of these financial statements



<PAGE>5

CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2007

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, subject to the Company's current registration statement on
Form 10-SB being declared effective.  This spin-off was consummated in
contemplation of a merger between CBS and Global Digital Solutions, Inc.
(Global), a Delaware corporation.  The merger occurred on March 19,
2004, 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 December 31, 2006 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 March 31, 2007, its results of operations for the
three months ended March 31, 2007 and 2006 and its cash flows for the
three months ended March 31, 2007 and 2006.

The statements of operations for the three months ended March 31, 2007
and 2006 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 10-
KSB for the year ended December 31, 2006.

Revenue Recognition

Net sales are recognized at the time products are shipped to customers.
Over-the-counter sales are recognized at point of sale.



<PAGE>6

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 losses are
excluded from earnings (loss) 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 dividing 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 (Loss)

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.

Recent pronouncements

In September 2006, the FASB issued SFAS No. 157, "Fair Value
Measurements".  This statement defines fair value, establishes a
framework for measuring fair value, and expands disclosures about fair
value measurements.  SFAS 157 will be effective for the Company
beginning January 1, 2008.  Management is currently evaluating the
effects SFAS 157 will have on the Company's consolidated financial
statements.

In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option
for Financial Assets and Financial Liabilities."  SFAS 159 permits
entities to choose to measure eligible financial instruments at fair
value.  The unrealized gains and losses on items for which the fair
value option has been elected should be reported in earnings.  The
decision to elect the fair value options is determined on an instrument
by instrument basis, it should be applied to an entire instrument, and
it is irrevocable.  Assets and liabilities measured at fair value
pursuant to the fair value option should be reported separately in the
balance sheet from those instruments measured using another measurement
attributes.  SFAS 159 is effective as of the beginning of the first
fiscal year that begins after November 15, 2007.  Management is
currently evaluating the effects SFAS 159 will have on the Company's
consolidated financial statements.


2. MARKETABLE SECURITIES

At December 31, 2006, the Company's marketable securities consisted of
100,000 shares of common stock of Proguard Acquisition Corp.,
("Proguard"),a company trading on the Over The Counter Bulletin Board.
The Company has entered into an agreement with an unrelated third party
(the "Buyer") for the sale of these shares at a price of $1.00 per
share.  The agreement was part of an effort by the Buyer to acquire a
total of 2,000,000 shares of Proguard from various stockholders
including the Company (the "Selling Group").  As part of this effort,
the Buyer put up $300,000 as a deposit to purchase the 2,000,000 shares.
If the shares were not acquired, the deposit was forfeited and paid out
to the Selling Group.

During the three months ended March 31, 2007, the Company sold 12,770
shares for a total of $12,770.  During the quarter, it was also
determined that the Buyer would buy no additional shares.  As a result,
the Company received a fee of $7,230, which is recorded as miscellaneous
income in the statements of operations.

The cost and fair value of marketable equity securities that are
available-for-sale are as follows:

                                     March 31,        December 31,
                                        2007             2006
                                   -------------     ------------
                                    (Unaudited)       (Audited)

Cost                                 $    4,362       $    5,000
Gross unrealized gain                    82,868           95,000
                                     ----------       ----------
Fair value                           $   87,230       $  100,000
                                     ==========       ==========

Marketable equity securities sold are as follows:

                                          Three Months Ended
                                                March 31,
                                          ------------------
                                        2007             2006
                                   -------------     ------------
Selling price                        $   12,770       $        -
Cost                                        638                -
                                     ----------       ----------
Net gain                             $   12,132       $        -
                                     ==========       ==========
<PAGE>8

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:

                                                 Three Months Ended
                                                      March 31,
                                                --------------------
                                                 2007         2006
                                                ------       ------
Retail                                      $   17,497     $   19,151
Wholesale                                       10,869         17,994
                                            ----------     ----------
                                            $   28,366     $   37,145
                                            ==========     ==========

4. SUPPLIER CONCENTRATION

For the three months ended March 31, 2007 and 2006, the Company
purchased approximately 55% and 60%, 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>9

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.

Capital and Source of Liquidity.

Creative NJ had cash and cash equivalents of $282,145 at March 31,
2007, an increase of $11,663 from the cash and cash equivalents balance
of $270,482 at December 31, 2006.  Cash used in operating activities
totaled $1,107.  The primary reason for the decrease was the loss for
the period net of increases in accounts payable and accrued expenses.

At December 31, 2006, the Company's marketable securities consisted of
100,000 shares of common stock of Proguard Acquisition Corp.,
("Proguard"),a company trading on the Over The Counter Bulletin Board.
The Company has entered into an agreement with an unrelated third party
(the "Buyer") for the sale of these shares at a price of $1.00 per
share.  The agreement was part of an effort by the Buyer to acquire a
total of 2,000,000 shares of Proguard from various stockholders
including the Company (the "Selling Group").  As part of this effort,
the Buyer put up $300,000 as a deposit to purchase the 2,000,000 shares.
If the shares were not acquired, the deposit was forfeited and paid out
to the Selling Group.

During the three months ended March 31, 2007, the Company sold 12,770
shares for a total of $12,770.  During the quarter, it was also
determined that the Buyer would buy no additional shares.  As a result,
the Company received a fee of $7,230, which is recorded as miscellaneous
income in the statements of operations.

Results of Operations.

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

Three Months Ended March 31, 2007 compared to March 31, 2006

For the three months ended March 31, 2007, Creative NJ had net sales of
$28,366 consisting of $17,497 retail and $10,869 wholesale.  Cost of
sales amounted to $21,331 resulting in gross profit of $7,035.

For the three months ended March 31, 2007, Creative NJ had operating
expenses of $39,034.  A majority of these expenses consisted of those
necessary to conduct our business.  We incurred $16,090 for
professional fees necessary to remain a reporting company.




<PAGE>11

For the three months ended March 31, 2006, Creative NJ had net sales of
$37,145 consisting of $19,151 retail and $17,994 wholesale.  Cost of
sales amounted to $26,900 resulting in gross profit of $10,245.

For the three months ended March 31, 2006, Creative NJ had operating
expenses of $33,874.   A majority of these expenses consisted of those
necessary to conduct our business.   We incurred $12,132 for
professional fees necessary to become and remain a reporting company.

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 product lines have been identified and no timeframes
established or cash needs defined.

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
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.

Net sales are recognized at the time products are shipped to customers.
Over-the-counter sales are recognized at point of sale.

Creative NJ has elected to classify all of its investments in equity
securities as available-for-sale and report 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).

<PAGE>11

Creative NJ's inventory consists of finished goods.  For interim
reporting purposes, Creative NJ calculates its inventory value using
the gross profit method 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.


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 three months ended March 31, 2007 and have
judged such controls and procedures to be effective as of March 31,
2007 (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

       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:  May 15, 2007

CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION

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