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 September 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,
September 30, 2006:

  Common Stock  -  10,532,150









<PAGE>2
                                  PART I
Item I ? FINANCIAL STATEMENTS

CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
BALANCE SHEETS
<TABLE>
<CAPTION>
                                                 SEPTEMBER 30,         DECEMBER 31,
                                                     2006                  2005
                                                 -------------         ------------
                                                  (UNAUDITED)             (AUDITED)

                                                   <c>                    <c>
ASSETS

CURRENT ASSETS:
   Cash and cash equivalents                      $    294,493         $    358,420
   Marketable securities                               100,000                5,000
   Accounts receivable                                   1,436                1,090
   Inventory                                            57,648               60,299
   Prepaid expenses                                      2,811                  570
                                                  ------------         ------------
   TOTAL CURRENT ASSETS                                456,388              425,379

PROPERTY AND EQUIPMENT	, net of accumulated
   Depreciation                                          2,924                3,899
                                                  ------------         ------------
TOTAL ASSETS                                      $    459,312         $    429,278
                                                  ============         ============
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
   Accounts payable ? trade                       $     12,219         $     12,671
   Payroll taxes payable                                 4,012                3,031
   Accrued expenses                                     12,460               10,244
   Deferred taxes                                       39,425                    -
                                                  ------------         ------------
   TOTAL CURRENT LIABILITIES                            68,116               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                          776,108              776,109
   Accumulated deficit                                (451,019)            (383,309)
   Accumulated other comprehensive income               55,575                    -
                                                  ------------         ------------
   TOTAL STOCKHOLDERS' EQUITY                          391,196              403,332
                                                  ------------         ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        $    459,312         $    429,278
                                                  ============         ============
</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 INCOME (LOSS)
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2006 AND 2005
(UNAUDITED)
<TABLE>
                                                      Three Months Ended September 30,
                                                      --------------------------------
                                                           2006              2005
                                                           ----              ----

                                                         <c>               <c>
Net Sales                                             $    31,945       $    33,974
Cost of Sales                                              23,135            26,670
                                                      -----------       -----------
Gross Profit                                                8,810             7,304
                                                      -----------       -----------

Operating Expenses
   Salaries ? officers                                      7,890             7,800
   Employee benefits                                        4,502             4,033
   Professional fees                                       11,123            17,899
   Rent                                                     4,050             4,050
   Other general and administrative                         6,419             6,949
                                                      -----------       -----------
   Total Operating Expenses                                33,984            40,731
                                                      -----------       -----------
Loss from operations                                      (25,174)          (33,427)
                                                      -----------       -----------
Other income (expense)
   Loss on marketable securities                                -                 -
   Interest income                                          3,006               784
                                                      -----------       -----------
   Total other income (expense)                             3,006               784
                                                      -----------       -----------
Net Loss                                                  (22,168)          (32,643)

Other Comprehensive Income, net of taxes:
   Reclassification adjustment, net of income
     taxes of $-0-, $-0-, &-0-, and $-0-.                       -                 -

   Unrealized gain on securities held for sale
     net of income taxes of $39,425, $-0-,
     $39,425 and $-0-                                      55,575                 -
                                                      -----------       -----------
Total Comprehensive Income (Loss)                     $    33,407       $   (32,643)
                                                      ===========      ============
Earning (loss) per share:
   Basic and diluted net loss per common share        $     (0.00)      $     (0.01)
                                                      ===========       ===========
   Basic and diluted weighted average common
     shares outstanding	                                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 OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2006 AND 2005

(UNAUDITED)
<TABLE>
<CAPTION>
                                                      Nine Months Ended September 30,
                                                      --------------------------------
                                                           2006              2005
                                                           ----              ----

                                                         <c>               <c>
Net Sales                                             $   102,068       $   100,237
Cost of Sales                                              73,918            78,686
                                                      -----------      ------------
Gross Profit                                               28,150            21,551
                                                      -----------      ------------
Operating Expenses
   Salaries ? officers                                     23,750            23,850
   Employee benefits                                       12,549            10,531
   Professional fees                                       37,437            52,639
   Rent                                                    12,150            12,150
   Other general and administrative                        18,093            18,915
                                                      -----------      ------------
   Total Operating Expenses                               103,979           118,085
                                                      -----------      ------------
Loss from operations                                      (75,829)          (96,534)
                                                      -----------      ------------
Other income (expense)
   Loss on marketable securities                                -          (200,000)
   Interest income                                          8,119             2,545
                                                      -----------       -----------
   Total other income (expense)                             8,119          (197,455)
                                                      -----------       -----------
Net Loss                                                  (67,710)         (293,989)

Other Comprehensive Income, net of taxes:
   Reclassification adjustment, net of income
     taxes of $-0-, $-0-, &-0-, and $-0-.                       -           138,000

   Unrealized gain on securities held for sale
     net of income taxes of $39,425, $-0-,
     $39,425 and $-0-                                      55,575                 -
                                                      -----------       -----------
Total Comprehensive Income (Loss)                     $   (12,135)      $  (155,989)
                                                      ===========      ============
Earning (loss) per share:
   Basic and diluted net loss per common share        $     (0.01)      $     (0.08)
                                                      ===========       ===========
   Basic and diluted weighted average common
     shares outstanding	                                10,532,150         3,494,650
                                                      ===========       ===========
</TABLE>
The accompanying notes are an integral part of these financial
statements

<PAGE>5
CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2006 AND 2005

(UNAUDITED)
<TABLE>
                                                           2006            2005
                                                           ----            ----

                                                        <c>              <c>
Cash Flows from Operating Activities:
     Cash received from customers                      $   101,722     $   100,633
     Cash paid to suppliers and employees                 (173,768)       (174,581)
     Interest received                                       8,119           2,545
     Income taxes paid                                           -               -
     Interest paid                                               -               -
                                                       -----------     -----------
          Net cash used in operating activities            (63,927)        (71,403)
                                                       -----------     -----------
Cash Flows from Investing Activities:
     Investment in marketable securities                         -               -
                                                       -----------     -----------
Cash Flows from Financing Activities:                            -               -
                                                       -----------     -----------
NET DECREASE IN CASH AND
   CASH EQUIVALENTS                                        (63,927)        (71,403)
CASH AND CASH EQUIVALENTS - beginning of period	            358,420         213,341
                                                       -----------     -----------
CASH AND CASH EQUIVALENTS - end of period              $   294,493     $   141,938
                                                       ===========     ===========

RECONCILIATION OF NET LOSS TO NET CASH USED IN OPERATIONS:

Net loss                                               $   (67,710)    $  (293,989)
Adjustments to reconcile net loss to net
  cash used in operating activities:
        Depreciation                                           975             975
        Loss on marketable securities                            -         200,000
        (Increase) decrease in accounts receivable            (346)            396
        Decrease (increase) in inventory                     2,651          (1,027)
        (Increase) in prepaid expenses                      (2,241)         (2,512)
        Increase in accounts payable and
          accrued expenses                                   2,744          24,754
                                                        ----------     -----------
Net cash used in operating activities                   $  (63,927)    $   (71,403)
                                                        ==========     ===========
</TABLE>
The accompanying notes are an integral part of these financial
statements



<PAGE>6

CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 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 September 30, 2006, its results of operations for the nine
months ended September 30, 2006 and 2005 and its cash flows for the nine
months ended	 September 30, 2006 and 2005.

The statements of operations for the nine months ended September 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 losses are



<PAGE>7

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

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

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 September 30, 2006 and December 31,
2005:
                                   September 30,     December 31,
                                        2006             2005
                                   -------------     ------------
                                    (Unaudited)       (Audited)

Cost                                 $    5,000       $    5,000
Gross unrealized gain                    95,000                -
                                     ----------       ----------
Fair value                           $  100,000       $    5,000
                                     ==========       ==========

<PAGE>8

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

The Company's marketable securities consist of subscriptions for 100,000
shares of common stock of Proguard Acquisition Corp., a company trading
on the Over The Counter Bulletin Board.   The Company has entered into
an agreement with an unrelated third party for the sale of these
subscriptions at a price of $1.00 per share for a total of $100,000.

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:

                                                 Nine Months Ended
                                                   September 30,
                                                --------------------
                                                 2006         2005

Retail                                      $   58,264     $   63,486
Wholesale                                       43,804         36,751
                                           -----------    -----------
                                            $  102,068     $  100,237
                                           ===========    ===========

                                                Three Months Ended
                                                    September 30,
                                                ---------------------
                                                 2006          2005

Retail                                      $   19,684     $   21,143
Wholesale                                       12,261         12,831
                                            ----------     ----------
                                            $   31,945     $   33,974
                                            ==========     ==========

4. SUPPLIER CONCENTRATION

For the nine months ended September 30, 2006 and 2005, the Company
purchased approximately 58% and 46%, 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 $294,493 at September 30,
2006, a decrease of $63,927 from the cash and cash equivalents balance
of $358,420 at December 31, 2005.  Cash used in operating activities
totaled $63,927.  The primary reason for the decrease was the loss for
the period.

For the nine months ended September 30, 2006 and 2005, Creative NJ did
not have net cash flows from investing and financing activities.

The Company's marketable securities consist of subscriptions for 100,000
shares of common stock of Proguard Acquisition Corp., a company trading
on the Over The Counter Bulletin Board.   The Company has entered into
an agreement with an unrelated third party for the sale of these
subscriptions at a price of $1.00 per share for a total of $100,000.

Results of Operations.

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

Nine Months Ended September 30, 2006 and 2005

For the nine months ended September 30, 2006, Creative NJ had net sales
of $102,068 consisting of $58,264 retail and $43,804 wholesale.  Cost
of sales amounted to $73,918 resulting in gross profit of $28,150.

For the nine months ended September 30, 2006, Creative NJ had operating
expenses of $103,979.  Some of these expenses consisted of those
necessary to conduct our business.  We paid $37,437 for professional
fees necessary to become and remain a reporting company.

For the nine months ended September 30, 2005, Creative NJ had net sales
of $100,237 consisting of $63,486 retail and $36,751 wholesale.  Cost
of sales amounted to $78,686 resulting in gross profit of $21,551.

For the nine months ended September 30, 2005, Creative NJ had operating
expenses of $118,085.  Some of these expenses consisted of those
necessary to conduct our business.  We paid $52,639 for professional
fees necessary to become and remain a reporting company.



<PAGE>10

Three Months Ended September 30, 2006 and 2005

For the three months ended September 30, 2006, Creative NJ had net
sales of $31,945 consisting of $19,684 retail and $12,261 wholesale.
Cost of sales amounted to $23,135 resulting in gross profit of $8,810.

For the three months ended September 30, 2006, Creative NJ had
operating expenses of $33,984.  Some of these expenses consisted of
those necessary to conduct our business.  We paid $11,123 for
professional fees necessary to become and remain a reporting company.

For the three months ended September 30, 2005, Creative NJ had net
sales of $33,974 consisting of $21,143 retail and $12,831 wholesale.
Cost of sales amounted to $26,670 resulting in gross profit of $7,304.

For the three months ended September 30, 2005, Creative NJ had
operating expenses of $40,731.   Some of these expenses consisted of
those necessary to conduct our business.   We paid $17,899 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



<PAGE>11

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.

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).

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.



<PAGE>12

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 nine months ended September 30, 2006 and have
judged such controls and procedures to be effective as of September 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>13

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:  November 9, 2006

CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION

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