United States
                    U. S. Securities and Exchange Commission
                             Washington, D.C. 20549


                                   Form 10-QSB



           [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 2002



Commission File number 000-30303


                                 Newsearch, Inc.
                     ---------------------------------------
             (Exact name of registrant as specified in its charter)


           Colorado                                            841522846
  ------------------------------                          ---------------------
 (State or other jurisdiction of                            (I.R.S. employer
  incorporation or organization)                          identification number)



                   7706 E. Napa Place, Denver, Colorado 80237
                   -------------------------------------------
                    (Address of principal executive offices)

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

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

Yes [x]  No [ ]


The number of shares outstanding of the issuer's common stock par value $.01 per
share, as of June 30, 2002 was 800,250.

Transitional Small Business Disclosure Format (check one):

Yes [ ]   No [x]


<PAGE>


ITEM 1 - FINANCIAL INFORMATION

PART 1. Financial Statements

The unaudited condensed financial statements presented herein have been prepared
by Newsearch, Inc., a Colorado Corporation (the "Company") in accordance with
the instructions to Form 10-QSB and include all of the information and note
disclosures required by generally accepted accounting principles. These
condensed financial statements should be read in conjunction with the audited
financial statements and notes thereto for the period ended December 31, 2001
included in the Company's Form 10KSB filed with the SEC.

    The accompanying financial statements have not been reviewed by independent
accountants in accordance with generally accepted accounting principles, and in
the opinion of management such financial statements include all adjustments
(consisting only of normal recurring adjustments) necessary to present fairly
the Company's financial position and results of operations. The results of
operations for the six months ended June 30, 2002 may not be indicative of the
results that may be expected for the year ending December 31, 2002


                                 Newsearch, Inc.

                                  Balance Sheet
                                      as of
                                  June 30, 2002
                              and December 31, 2001
                                       and
                                Statements of Income
                            for the Six Months Ending
                                  June 30, 2002
                    and the Period Dec. 3, 1999 (Inception)
                                  to June 30, 2002
                                          and
                              Statements of Cash Flows
                            for the Six Months Ending
                                   June 30, 2002
                    and for the period Dec 3, 1999 (Inception)
                                   to June 30, 2002












<PAGE>


                                TABLE OF CONTENTS
                                -----------------



                                                                         Page
                                                                         ----

Balance Sheet.....................................................        F-1

Income Statement..................................................        F-2

Statement of Cash Flows...........................................        F-3

Notes to Financial Statements.....................................       F-4 F-5



<PAGE>



                                 Newsearch, Inc.
                          (a Development Stage Company)
                                  Balance Sheet
                     June 30, 2002 and December 31, 2001

                                                       (Unaudited)    (Audited)

                                                          June 30,  December 31,
                                                            2002         2001
Assets

Current assets:
      Cash                                                $    20       $   319
         Total current assets                                  20           319


Total Assets                                              $    20       $   319
                                                          =======       =======

Liabilities and Stockholders' Equity

Current liabilities:
      Accounts payable                                    $  --         $ 1,149
                                                          -------       -------
        Total current liabilities                            --           1,149
                                                          -------       -------
Total Liabilities                                            --           1,149
                                                          -------       -------
Stockholders' Equity:
     Preferred stock; $0.001 par value;
        5,000,000 shares
        authorized, no shares
        issued or outstanding                                   0             0
     Common stock; $0.001 par value;
        100,000,000 shares
        authorized; 800,250 shares
        issued and outstanding                              1,001         1,001
     Additional paid-in capital                             6,121         3,401
     Accumulated deficit during
        the development stage                              (7,102)       (5,232)
                                                          -------       -------
Total stockholders' equity                                     20           319
                                                          -------       -------
Total Liabilities and Stockholders' Equity                $    20       $   319
                                                          =======       =======








                                       F-1

<PAGE>




                                 Newsearch, Inc.
                          (a Development Stage Company)
                                   (Unaudited)
                                Income Statement
                  For the Six Months Ending June 30, 2002
                               and For the Period
                          Dec. 3,1999 to June 30, 2002

                                                                      Dec. 3,
                                                 Six Months        1999 (Date of
                                               Ending June 30,     Inception) to
                                                    2002           June 30, 2002
                                               ---------------     -------------


Revenue                                            $    --            $    --

Expenses:
     General and admin                                 1,870              7,377
                                                   ---------          ---------
        Total expenses                                 1,870              7,377
                                                   =========          =========
Net (loss) income                                  $  (1,870)            (7,377)
                                                   =========          =========

Weighted average number of
  common shares outstanding                          800,250            800,250
                                                   =========          =========
Net loss per share                                      --                 --
                                                   =========          =========











                                       F-2











<PAGE>



                                 Newsearch, Inc.
                          (a Development Stage Company)
                                   (Unaudited)
                              Statement of Cash Flows
                 For the Six Months Ending June 30, 2002
        and For the Period Dec.3,1999 (Inception) to June 30, 2002


                                                                      Dec. 3,
                                                    Six Months     1999 (Date of
                                                      Ending       Inception) to
                                                   June 30,2002    June 30, 2002
                                                   ------------    -------------
Cash flows from
operating activities
Net (loss) income                                         $(1,870)      $(7,377)
Adjustments to reconcile net
income to net cash used
   by operating activities:                                  --            --


      Net cash used by
      operating activities                                 (1,870)       (7,377)
                                                          -------       -------
     Cash flows from investing activities                    --            --
                                                          -------       -------

     Cash flows from financing activities
       Issuance of common stock                              --           1,001
                                                          -------       -------
       Additional paid-in capital                            --           3,401
                                                          -------       -------

     Net cash provided by
       financing activities                                 2,720         7,122
                                                          -------       -------
     Net (decrease) increase
      in cash                                                 850          (255)
     Cash - beginning                                         319             0
     Cash - ending                                             20            20
                                                          =======       =======
     Supplemental disclosures:
      Interest paid                                       $  --            --
                                                          =======       =======
      Income taxes paid                                   $  --            --
                                                          =======       =======



                                       F-3
<PAGE>


                                 Newsearch, Inc.
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                  June 30, 2002


1.  Summary of Significant Accounting Policies
    ------------------------------------------

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

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

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

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

     On June 28, 2000, a director donated cash in the amount of $1,000 and on
     April 3, 2001 a director donated $700 in cash and on March 6, 2002 a
     director donated an additional $1,200 in cash. On May 3, 2002, a Director
     donated $1,470. The entire amount is considered additional paid-in-capital.

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


                                       F-4


<PAGE>


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

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

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

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

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

2. Stockholders' Equity
   --------------------

     As of June 30, 2002, 800,250 shares of the Company's $.001 par value common
     stock were issued and outstanding.

3.Going Concern
  -------------

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

4.Related Party Transactions
  ---------------------------

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






                                       F-5



<PAGE>



Item 2. Management's Discussion and Analysis or Plan of Operation

This Form 10-QSB includes, without limitation, certain statements containing the
words "believes", "anticipates", "estimates", and words of a similar nature,
which constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. This Act provides a "safe harbor" for
forward-looking statements to encourage companies to provide prospective
information about themselves so long as they identify these statements as
forward looking and provide meaningful, cautionary statements identifying
important factors that could cause actual results to differ from the projected
results. All statements other than statements of historical fact made in this
Form 10-QSB are forward-looking. In particular, the statements herein regarding
the placing of equipment, future cash requirements, future profitability are
forward-looking statements. Forward-looking statements reflect management's
current expectations and are inherently uncertain. The Company's actual results
may differ significantly from management's expectations.

GENERAL

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

Current Newsearch, Inc. ('New Newsearch' or the 'Company') was organized
December 3, 1999 under the laws of the State of Colorado. As of the date of this
filing, the Company has limited operations and in accordance with SFAS #7, the
Company is considered a development stage company. The Company is authorized to
issue 100,000,000 shares of $0.001 par value common stock and 50,000,000 shares
of $0.001 par value preferred stock.

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

PRINCIPAL PRODUCTS AND MARKETS

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

<PAGE>


Results of Operations

     During the period from December 3, 1999 (inception) through June 30, 2002
the Company has engaged in no significant operations other than organizational
activities, acquisition of capital and preparation for registration of its
securities under the Securities Exchange Act of 1934, as amended. No revenues
were received by the Company during this period.

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

Need for Additional Financing

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

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

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

Revenues for the six months ended June 30, 2002 were $0. The net loss for the
six months ended June 30, 2002 was $(1,870)

Liquidity and Capital Resources
-------------------------------

Cash as of June 30, 2002 was $ 20




<PAGE>


PART II - OTHER INFORMATION

Items 1, 2, 3, 4 and 5 of Part II have been omitted as inapplicable

Item 6. Exhibits and Reports on Form 8-K - None

(a) Exhibits

Item                            Description
----------------------------------------------------
NONE


(b) Reports on Form 8-K

No Reports on Form 8-K have been filed for the quarter ended June 30, 2002.


In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                         Newsearch, Inc.


August 12, 2002                          By:   /s/ Irwin Krushansky
                                               ---------------------------------
                                                   Irwin Krushansky
                                                   President