SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

[x]     Quarterly Report Pursuant to Section 13 or 15(d) Securities
Exchange Act of 1934 for Quarterly Period Ended September 30, 2008

-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 Registrant 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

Indicate by check mark 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 [   ]

Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerate filer, or a small
reporting company as defined by Rule 12b-2 of the Exchange Act):

Large accelerated filer [ ]      Non-accelerated filer [ ]
Accelerated filer  [ ]           Smaller reporting company [x]

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).

Yes  [x]      No [  ]

The number of outstanding shares of the registrant's common stock,
October 31, 2008:

  Common Stock  -  10,532,150



<PAGE>2
CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
FORM 10-Q
For the quarterly period ended September 30, 2008
INDEX

                                                             Page
                                                             ----
PART I - FINANCIAL INFORMATION
Item 1.  Financial Statements (Unaudited)                      3
Item 2.  Management's Discussion and Analysis of
           Financial Condition and Results of Operations      12
Item 3.  Quantitative and Qualitative Disclosure About
           Market Risk                                        15
Item 4T. Controls and Procedures                              15

PART II - OTHER INFORMATION
Item 1.  Legal Proceedings                                    16
Item 1A. Risk Factors                                         16
Item 2.  Unregistered Sales of Equity Securities and Use
           of Proceeds                                        16
Item 3.  Defaults upon Senior Securities                      16
Item 4.  Submission of Matters to a Vote of Security
           Holders                                            16
Item 5.  Other Information                                    16
Item 6.  Exhibits                                             16
SIGNATURES



<PAGE>3
PART I
FINANCIAL INFORMATION

Item I - FINANCIAL STATEMENTS

CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
BALANCE SHEETS
<TABLE>
                                                 September 30,          December 31,
                                                     2008                2007
                                                 -------------       ------------
                                                  (UNAUDITED)           (AUDITED)

                                                   <c>                  <c>
ASSETS

CURRENT ASSETS:
   Cash and cash equivalents                      $    227,813       $    245,199
   Assets of discontinued operations                       845              6,202
                                                  ------------       ------------
   TOTAL CURRENT ASSETS                                228,658            251,401
                                                  ------------       ------------
TOTAL ASSETS                                      $    228,658       $    251,401
                                                  ============       ============

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accrued Expenses                                $     25,321       $     11,050
   Liabilities of discontinued operations                8,060              9,144
                                                  ------------       ------------
   TOTAL CURRENT LIABILITIES                            33,381             20,194
                                                  ------------       ------------

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                                (591,364)          (555,434)
                                                  ------------       ------------
   TOTAL STOCKHOLDERS' EQUITY                          195,277            231,207
                                                  ------------       ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        $    228,658       $    251,401
                                                  ============       ============
</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 LOSS
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2008 and 2007
(UNAUDITED)
<TABLE>
                                    Three Months Ended        Nine Months Ended
                                      September 30,             September 30,
                                    2008         2007         2008         2007
                                 ----------   ----------   ----------   ----------

                                 <c>          <c>          <c>          <c>
Net Sales                        $        -            -   $        -   $        -
Cost of Sales                             -            -            -            -
                                 ----------   ----------   ----------   ----------
Gross Profit                              -            -            -            -
                                 ----------   ----------   ----------   ----------
Operating Expenses
  Professional fees                   8,379        6,680       20,240       25,627
                                 ----------   ----------   ----------   ----------
    Total Operating Expenses          8,379        6,680       20,240       25,627
                                 ----------   ----------   ----------   ----------
Loss From Operations                 (8,379)      (6,680)     (20,240)     (25,627)
                                 ----------   ----------   ----------   ----------
Other Income
  Interest income                     1,639        2,171        5,147        8,109
  Gain on sale of marketable
    securities                            -       12,988            -       25,120
  Miscellaneous income                    -            -        1,033       11,230
                                 ----------   ----------   ----------   ----------
    Total Other Income                1,609       15,159        6,180       44,459
                                 ----------   ----------   ----------   ----------
Loss from Continued Operations       (6,740)       8,479      (14,060)      18,832
Discontinuing Operations:
  Loss from discontinued operations  (2,305)     (19,351)     (21,870)     (57,366)
                                  ----------   ----------   ----------   ----------
  Loss from discontinued operations  (2,305)     (19,351)     (21,870)     (57,366)
                                 ----------   ----------   ----------   ----------
Net Loss                            (9,045)      (10,872)     (35,930)     (38,534)
Other Comprehensive Loss,
  net of taxes:
  Reclassification adjustment             -       (8,650)           -      (69,880)
                                 ----------   ----------   ----------   ----------
Total Comprehensive Loss         $   (9,045)  $  (19,522)  $  (35,930)  $ (108,414)
                                 ==========   ==========   ==========   ==========
Earning (loss) per share:
  Continued Operations basic
    and diluted net loss common
    share per common share         $  (0.00)    $  (0.00)    $  (0.00)    $  (0.00)
                                   ========     ========     ========     ========
  Discontinued Operations basic and
    diluted net loss common share per
    common share                   $  (0.00)    $  (0.00)    $  (0.00)    $  (0.00)
                                   ========     ========     ========     ========



<PAGE>5

  Basic and diluted weighted
   average common shares         10,532,150   10,532,150   10,532,150   10,532,150
   outstanding                   ==========   ==========   ==========   ==========
</TABLE>

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


<PAGE>6
CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007

(UNAUDITED)
<TABLE>
                                                           2008            2007
                                                           ----            ----

                                                        <c>              <c>
Net loss                                               $   (35,930)    $   (38,534)
Adjustments to reconcile net loss to net
  cash used in operating activities:
    Gain on sale of marketable securities                        -         (25,120)
    Change in operating assets and liabilities:
      Accrued Expenses                                      14,271           4,980
                                                       -----------     -----------
      Cash provided by (used in) continued operations       14,271         (20,140)
Cash provided by discontinued operations                     4,273          14,377
                                                       -----------     -----------
      Net cash used in operating activities            $   (17,386)    $   (44,297)
                                                       ===========     ===========
Cash Flows from Investing Activities:
     Proceeds from sale of marketable securities                 -          30,120
                                                       -----------     -----------
        Net cash provided by investing activities                   -          30,120
                                                       -----------     -----------
NET DECREASE IN CASH AND
   CASH EQUIVALENTS                                        (17,386)        (14,177)
CASH AND CASH EQUIVALENTS - beginning of period            245,199         270,482
                                                       -----------     -----------
CASH AND CASH EQUIVALENTS - end of period              $   227,813     $   256,305
                                                       ===========     ===========
</TABLE>
The accompanying notes are an integral part
of these financial statements



<PAGE>7

CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2008

1. 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 consummated in contemplation of a
merger, which occurred on March 19, 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.

Discontinued Operations (See Note 4)

On November 30, 2007 the Company's Board of Directors approved a plan to
dispose of its wholesale and retail beauty supply business.  The Board
recognized that this operation has never realized a profit and that
sales volumes have been declining each year.  The Company's plan was to
contact its suppliers and return as much of the inventory as possible
and sell the remaining balance to its customers.  The Company's
objective was to cease all operations by December 31, 2007 and vacate
the facility it leased by January 31, 2008.  As of December 31, 2007,
the Company disposed of its entire inventory by way of sales, returns to
suppliers and sale to inventory liquidator and ceased its operations and
vacated its leased facility.

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Interim Financial Statement Presentation

The December 31, 2007 balance sheet data was derived from audited
financial statements but does not include all disclosures required by
United States generally accepted accounting principles ("GAAP").  In the
opinion of management, the accompanying unaudited interim financial
statements contain all normal and recurring adjustments necessary to
present fairly the financial position of the Company as of September 30,
2008, its results of operations for the three and nine months ended
September 30, 2008 and 2007 and its cash flows for the nine months ended
September 30, 2008 and 2007.

The statements of operations for the three and nine months ended
September 30, 2008 and 2007 are not necessarily indicative of the
results for the full year.


<PAGE>8

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, 2007.

Reclassifications

Certain prior year amounts related to reporting the disposal of the
Company, as discontinued operations have been reclassified to conform to
current year classification.

Use of Estimates

These interim financial statements and accompanying notes have been
prepared in accordance with GAAP.  The preparation of these financial
statements requires management to make estimates, judgments and
assumptions that affect the reported amounts of assets, liabilities,
revenues and expenses.  The Company continually evaluates the accounting
policies and estimates used to prepare the consolidated financial
statements.  The Company bases its estimates on historical experiences
and assumptions believed to be reasonable under current facts and
circumstances.  Actual amounts and results could differ from these
estimates made by management.

Earnings (Loss) Per Share

The Company computes earnings or loss per share in accordance with
Statement of Financial Accounting Standards No. 128 (SFAS 128),
"Earnings 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
of number of common shares and dilutive common equivalent shares
outstanding, which	 includes convertible debentures, stock options and
warrants.  There were no dilutive common stock equivalents for all
periods presented.

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.

Recently Issued Accounting Pronouncements

In September 2006, the FASB issued Statement of Financial Accounting
Standards No. 157, Fair Value Measurements ("SFAS 157").  SFAS 157
provides a common definition of fair value and establishes a framework

<PAGE>9

to make the measurement of fair value in generally accepted accounting
principles more consistent and comparable.  SFAS 157 also requires
expanded disclosures to provide information about the extent to which
fair value is used to measure assets and liabilities, the methods and
assumptions used to measure fair value, and the effect of fair value
measures on earnings.  SFAS 157 is effective for fiscal years beginning
after November 15, 2007 (2008 fiscal year), although early adoption is
permitted.  In February 2008, the FASB formally provided a one-year
deferral for the implementation of SFAS 157 only with regard to certain
nonfinancial assets and liabilities (2009 fiscal year).  The Company has
not yet determined the impact, if any, of SFAS 157 on the Company's
results of operations or financial position.

In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option
for Financial Assets and Financial Liabilities ("SFAS 159").  SFAS 159
allows entities the option to measure eligible financial instruments at
fair value as of specified dates.  Such election, which may be applied
on an instrument by instrument basis, is typically irrevocable once
elected.  SFAS 159 is effective for fiscal years beginning after
November 15, 2007.  The Company does not expect SFAS 159 to have a
material effect on the Company's consolidated results of operations or
financial position.

In December 2007, the FASB issued FAS 141(R), "Business Combinations - a
replacement of FASB statement No. 141", which significantly changes the
principles and requirements for how the acquirer of a business
recognizes and measures in its financial statements and identifiable
assets acquired, the liabilities assumed, and any noncontrolling
interest in the acquiree.  The statement also provides guidance for
recognizing and measuring the goodwill acquired in the business
combination and determines what information to disclose to enable users
of the financial statements to evaluate the nature and financial effects
of the business combination.  This statement is effective prospectively,
except for certain retrospective adjustments to deferred tax balances,
for fiscal years beginning after December 15, 2008.  This statement will
be effective for the Company beginning in fiscal 2009.  The Company is
currently evaluating FAS 141(R), and has not yet determined the impact
if any, FAS 141(R) will have on its results of operations or financial
position.

In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests
in Consolidated Financial Statements - an amendment of ARB No. 51.  This
Statement amends ARB 51 to establish accounting and reporting standards
for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary.  It clarifies that a noncontrolling
interest in a subsidiary is an ownership interest in the consolidated
entity that should be reported as equity in the consolidated financial
statements.  In addition to the amendments to ARB 51, this Statement
amends FASB Statement No. 128, Earnings per Share; so that earnings-per-
share data will continue to be calculated the same way those data were
calculated before this Statement was issued.  This Statement is
effective for fiscal years, and interim periods within those fiscal



<PAGE>10

years, beginning on or after December 15, 2008.  The implementation of
this guidance is not expected to have any impact on the Company's
financial statements.

In April 2008, the FASB issued FSP FAS 142-3, "Determination of the
Useful Life of Intangible Assets" ("FSP FAS 142-3").  FSP FAS 142-3
amends FASB Statement No. 142, "Goodwill and Other Intangible Assets"
("SFAS No. 142") to improve the consistency between the useful life of a
recognized intangible asset under SFAS No. 142 and the period of
expected cash flows used to measure the fair value of the asset under
FASB Statement No 141, "Business Combinations" ("SFAS No. 141") and
other U.S. GAAP.  This FSP is effective for fiscal years beginning after
December 15, 2008.  The guidance for determining the useful life of a
recognized intangible asset is to be applied prospectively, therefore,
the impact of the implementation of this pronouncement cannot be
determined until the transactions occur.

In May 2008, the FASB issued SFAS No 162 "The Hierarchy of Generally
Accepted Accounting Principles".  SFAS No. 162 identifies the sources of
accounting principles and the framework for selecting the principles to
be used in the preparation of financial statements of nongovernmental
entities that are presented in conformity with generally accepted
accounting principles.  SFAS No. 162 is effective 60 days following the
Securities and Exchange Commission's approval of the Public Company
Accounting Oversight Board Auditing amendments to AU Section 411, "The
meaning of Present Fairly in Conformity with Generally Accepted
Accounting Principles."  The Company does not expect the adoption of
SFAS No. 162 to change it current practice nor does the Company
anticipate an effect on its results of operations or financial position.


3. MARKETABLE SECURITIES

During the year ended December 31, 2007, the Company sold all of its
securities classified as available-for-sale.

Marketable equity securities sold are as follows:

                                              September 30,
                                          ------------------
                                        2008             2007
                                   -------------     ------------
Selling price                        $        -       $   30,120
Cost                                          -            5,000
                                     ----------       ----------
Realized Gain                        $        -       $   25,120
                                     ==========       ==========

4.  DISCONTINUED OPERATIONS

On November 30, 2007, the Company's Board of Directors approved a plan
to dispose of its wholesale and retail beauty supply business.  The
Board recognized that this operation has never realized a profit and
that sales volumes have been declining each year.  The Company's plan

<PAGE>11

was to contact its suppliers and return as much of the inventory as
possible and sell the remaining balance to its customers.  The Company's
objective was to cease all operations by December 31, 2007 and vacate
the facility it leased by January 31, 2008.  As of December 31, 2007,
the Company disposed of all its inventory by way of sales, returns to
suppliers and sale to inventory liquidator and ceased its operations.

Assets and liabilities of discontinued operations as of September 30,
2008 and December 31, 2007 are summarized as follows:

                                               9/30/2008     12/31/2007
                                               ---------     ----------
                                              (UNAUDITED)    (AUDITED)
Current Assets:
  Accounts receivable, trade                    $    --       $ 2,503
  Prepaid expenses                                  520         2,400
  Property and equipment, net of
    Accumulated depreciation                        325         1,299
                                               --------      --------
      Total Assets of Discontinued Operations       845         6,202
                                               --------      --------
Current Liabilities:
  Payroll taxes withheld and accrued               --           2,131
  Accrued expenses                                8,060         7,013
                                                -------      --------
       Total Liabilities of Discontinued
         Operations                               8,060         9,144
                                               --------      --------
Net Liabilities of Discontinued Operations      $ 7,215       $ 2,942
                                               ========      ========

Loss from discontinued operations as of September 30, 2008 and 2007 are
summarized as follows:
                                               9/30/2008    9/30/2007
                                                ---------    ---------
                                               (UNAUDITED)  (UNAUDITED)
Loss from Discontinued Operations:
    Gross Profit                                $     --      $ 21,747
     Salaries - officers                              --       (23,740)
     Employee benefits                            (9,399)      (13,704)
     Professional fees                            (8,060)      (12,080)
     Rent                                         (1,350)      (12,150)
     Other general and administrative             (3,061)      (17,439)
                                                 -------       -------
Total Net Loss from Discontinued Operations      (21,870)      (57,366)
                                                 =======       =======



<PAGE>12

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

Trends and Uncertainties.

We are no longer conducting operations.  We are actively seeking a
merger/acquisition candidate which would result in a change of control.
There can be no assurance we will find a suitable candidate.

Capital and Source of Liquidity.

We did not pursue any investing activities for the nine months ended
September 30, 2008.  Comparatively, for the nine months ended September
30, 2007, we had proceeds from sale of marketable securities of $30,120
resulting in net cash flows from investing activities of $30,120.

We did not pursue any financing activities for the nine months ended
September 30, 2008 or 2007.

Results of Operations.

On November 30, 2007, Creative NJ's Board of Directors approved a plan
to dispose of its wholesale and retail beauty supply business.  The
Board recognized that this operation has never realized a profit and
that sales volumes have been declining each year.  Creative NJ's plan
was to contact its suppliers and return as much of the inventory as
possible and sell the remaining balance to its customers.  Creative
NJ's objective was to ceased all operations by December 31, 2007 and
vacate the facility it leased by January 31, 2008.  As of December 31,
2007, Creative NJ disposed of all its inventory by way of sales,
returns to suppliers and sale to inventory liquidator and ceased its
operations.

For the nine months ended September 30, 2008, we did not earn any
revenues.  We had a net loss of $35,930 for the nine months ended
September 30, 2008.  Our operating expenses consisted mainly of the
costs related to being a reporting company under the Exchange Act of
1934.

For the nine months ended September 30, 2008, Creative NJ had operating
expenses of $20,240 for professional fees necessary to remain a
reporting company.

Comparatively, for the nine months ended September 30, 2007, Creative
NJ did not earn any revenues.  We had a net loss of $38,534 for the
nine months ended September 30, 2007.  Our operating expenses consisted
mainly of the costs related to being a reporting company under the
Exchange Act of 1934.

For the nine months ended September 30, 2007, Creative NJ had operating
expenses of $25,627 for professional fees necessary to remain a
reporting company.



<PAGE>13

For the three months ended September 30, 2008, we did not earn
revenues.  We had a net loss of $9,045 for the three months ended
September 30, 2008.  Our operating expenses consist mainly of the costs
related to being a reporting company under the Exchange Act of 1934.
We paid professional fees of $8,379.

Comparatively, for the three months ended September 30, 2007, we did
not earn revenues.  We had a net loss of $10,872 for the three months
ended September 30, 2007.  Our operating expenses consist mainly of the
costs related to being a reporting company under the Exchange Act of
1934.  For the three months ended September 30, 2007, Creative NJ had
operating expenses of $6,680 for professional fees necessary to remain
a reporting company.


Recently Issued Accounting Standards

In September 2006, the FASB issued Statement of Financial Accounting
Standards No. 157, Fair Value Measurements ("SFAS 157").  SFAS 157
provides a common definition of fair value and establishes a framework
to make the measurement of fair value in generally accepted accounting
principles more consistent and comparable.  SFAS 157 also requires
expanded disclosures to provide information about the extent to which
fair value is used to measure assets and liabilities, the methods and
assumptions used to measure fair value, and the effect of fair value
measures on earnings.  SFAS 157 is effective for fiscal years beginning
after November 15, 2007 (2008 fiscal year), although early adoption is
permitted.  In February 2008, the FASB formally provided a one-year
deferral for the implementation of SFAS 157 only with regard to certain
nonfinancial assets and liabilities (2009 fiscal year).  The Company has
not yet determined the impact, if any, of SFAS 157 on the Company's
results of operations or financial position.

In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option
for Financial Assets and Financial Liabilities ("SFAS 159").  SFAS 159
allows entities the option to measure eligible financial instruments at
fair value as of specified dates.  Such election, which may be applied
on an instrument by instrument basis, is typically irrevocable once
elected.  SFAS 159 is effective for fiscal years beginning after
November 15, 2007.  The Company does not expect SFAS 159 to have a
material effect on the Company's consolidated results of operations or
financial position.

In December 2007, the FASB issued FAS 141(R), "Business Combinations - a
replacement of FASB statement No. 141", which significantly changes the
principles and requirements for how the acquirer of a business
recognizes and measures in its financial statements and identifiable
assets acquired, the liabilities assumed, and any noncontrolling
interest in the acquiree.  The statement also provides guidance for
recognizing and measuring the goodwill acquired in the business
combination and determines what information to disclose to enable users
of the financial statements to evaluate the nature and financial effects
of the business combination.  This statement is effective prospectively,
except for certain retrospective adjustments to deferred tax balances,
for fiscal years beginning after December 15, 2008.  This statement will

<PAGE>14

be effective for the Company beginning in fiscal 2009.  The Company is
currently evaluating FAS 141(R), and has not yet determined the impact
if any, FAS 141(R) will have on its results of operations or financial
position.

In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests
in Consolidated Financial Statements - an amendment of ARB No. 51.  This
Statement amends ARB 51 to establish accounting and reporting standards
for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary.  It clarifies that a noncontrolling
interest in a subsidiary is an ownership interest in the consolidated
entity that should be reported as equity in the consolidated financial
statements.  In addition to the amendments to ARB 51, this Statement
amends FASB Statement No. 128, Earnings per Share; so that earnings-per-
share data will continue to be calculated the same way those data were
calculated before this Statement was issued.  This Statement is
effective for fiscal years, and interim periods within those fiscal
years, beginning on or after December 15, 2008.  The implementation of
this guidance is not expected to have any impact on the Company's
financial statements.

In April 2008, the FASB issued FSP FAS 142-3, "Determination of the
Useful Life of Intangible Assets" ("FSP FAS 142-3").  FSP FAS 142-3
amends FASB Statement No. 142, "Goodwill and Other Intangible Assets"
("SFAS No. 142") to improve the consistency between the useful life of a
recognized intangible asset under SFAS No. 142 and the period of
expected cash flows used to measure the fair value of the asset under
FASB Statement No 141, "Business Combinations" ("SFAS No. 141") and
other U.S. GAAP.  This FSP is effective for fiscal years beginning after
December 15, 2008.  The guidance for determining the useful life of a
recognized intangible asset is to be applied prospectively, therefore,
the impact of the implementation of this pronouncement cannot be
determined until the transactions occur.

In May 2008, the FASB issued SFAS No 162 "The Hierarchy of Generally
Accepted Accounting Principles".  SFAS No. 162 identifies the sources of
accounting principles and the framework for selecting the principles to
be used in the preparation of financial statements of nongovernmental
entities that are presented in conformity with generally accepted
accounting principles.  SFAS No. 162 is effective 60 days following the
Securities and Exchange Commission's approval of the Public Company
Accounting Oversight Board Auditing amendments to AU Section 411, "The
meaning of Present Fairly in Conformity with Generally Accepted
Accounting Principles."  The Company does not expect the adoption of
SFAS No. 162 to change it current practice nor does the Company
anticipate an effect on its results of operations or financial position.


Forward-Looking Statements

This Form 10-Q 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

<PAGE>15

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-Q.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

We do not consider the effects of interest rate movements to be a
material risk to our financial condition.  We do not hold any
derivative instruments and do not engage in any hedging activities.

Item 4T.  Controls and Procedures

During the three months ended September 30, 2008, there were no changes
in our internal controls over financial reporting (as defined in Rule
13a-15(f) and 15d-15(f) under the Exchange Act) that have materially
affected, or are reasonably likely to materially affect, our internal
control over financial reporting.

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management,
including our chief executive officer and chief financial officer, we
conducted an evaluation of our disclosure controls and procedures, as
such term is defined under Rule 13a-15(e) and Rule 15d-15(e)
promulgated under the Securities Exchange Act of 1934, as amended, as
of September 30, 2008.  Based on this evaluation, our chief executive
officer and chief principal financial officers have concluded such
controls and procedures to be effective as of September 30, 2008 to
ensure that information required to be disclosed by the issuer in the
reports that it files or submits under the Act is recorded, processed,
summarized and reported, within the time periods specified in the
Commission's rules and forms and to ensure that information required to
be disclosed by an issuer in the reports that it files or submits under
the Act is accumulated and communicated to the issuer's management,
including its principal executive and principal financial officers, or
persons performing similar functions, as appropriate to allow timely
decisions regarding required disclosure.



<PAGE>16

PART II - OTHER INFORMATION.

Item 1. Legal Proceedings.
        None.

Item 1A. Risk Factors.
         Not applicable to small reporting company.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
        None.

Item 3. Defaults Upon Senior Securities.
        None.

Item 4. Submission of Matters to a Vote of Security Holders.
        None.

Item 5. Other Information.
        None.

Item 6. Exhibits

       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 19, 2008

CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION

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