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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB


               Quarterly Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


For the Quarter Ended September 30, 2004             Commission File No. 0-30303



                                 NEWSEARCH, INC.
              ----------------------------------------------------
             (Exact name of Registrant as specified in its charter)


           COLORADO                                           84-1522846
 ------------------------------                         -----------------------
(State or other jurisdiction of                        (I.R.S. Empl. Ident. No.)
 incorporation or organization)


                         451 East 58th Avenue, Unit 3574
                             Denver, Colorado 80216
                     --------------------------------------
                    (Address of Principal Executive Offices)

                                 (303) 296-0469
               --------------------------------------------------
              (Registrant's Telephone Number, including Area Code)

Indicate by check mark whether the Registrant (1) has 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 such shorter period that the Registrant was required
to file such reports), and (2) has been subject to such filing requirements for
at least the past 90 days.
                                Yes     No  X
                                   -----  -----

The number of shares outstanding of each of the Registrant's classes of common
equity, as of September 30, 2004, are as follows:

     Class of Securities                                      Shares Outstanding
-----------------------------                                 ------------------
Common Stock, $.001 par value                                     1,150,250


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                                TABLE OF CONTENTS


          PART I.        FINANCIAL INFORMATION

Item 1.   Financial Statements.

          Consolidated Balance Sheet (Unaudited):

          As of September 30, 2004 .......................................     3

          Consolidated Statements of Operations (Unaudited):

          For the three and nine months ended September 30, 2004
          and 2003 .......................................................     4

          Consolidated Statements of Cash Flows (Unaudited):

          For the nine months ended September 30, 2004 and 2003 ..........     5

          Notes to Consolidated Financial Statements (Unaudited) .........     6

Item 2.   Management's Discussion and Analysis or Plan of Operation ......     7

Item 3.   Controls and Procedures ........................................     9

          PART II.       OTHER INFORMATION

Item 6.   Exhibits and Reports on Form 8-K ...............................    10

          Signatures .....................................................    10


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                                 NEWSEARCH, INC.
                                dba PANACHE, INC.
                     Consolidated Balance Sheet (Unaudited)
                               September 30, 2004


                                     ASSETS

Current assets:
   Cash                                                               $     120
                                                                      =========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
   Accounts payable                                                   $   3,000
   Accrued payroll-related expenses                                          26
   Accrued liabilities                                                   22,062
                                                                      ---------
        Total current liabilities                                        25,088

Long term liabilities:
   Stockholder loans                                                    153,995

Stockholders' deficit:
   Preferred stock; $.001 par value; authorized - 50,000,000
     shares; shares issued - none                                         --
   Common stock; $.001 par value; authorized - 100,000,000
     shares; issued and outstanding - 1,150,250                           1,701
   Additional paid-in capital                                            29,535
   Accumulated deficit                                                 (210,199)
                                                                      ---------
                                                                       (178,963)
                                                                      ---------

Total liabilities and stockholders' deficit                           $     120
                                                                      =========


                 See notes to consolidated financial statements

                                       3
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<TABLE>
<CAPTION>


                                        NEWSEARCH, INC.
                                       dba PANACHE, INC.
                       Consolidated Statements of Operations (Unaudited)


                                         Three Months Ended            Nine Months Ended
                                            September 30,                 September 30,
                                         2004           2003           2004           2003
                                      -----------    -----------    -----------    -----------
<S>                                   <C>            <C>            <C>            <C>
Sales revenue                         $       552    $    21,167    $    19,522    $    60,630
Commission revenue                           --             --           11,784           --
                                      -----------    -----------    -----------    -----------
   Total revenue                              552         21,167         31,306         60,630

Cost of sales                                --           10,162         19,937         27,933
                                      -----------    -----------    -----------    -----------

   Gross profit                               552         11,005         11,369         32,697

General and administrative expenses         9,522         16,040         48,284         53,374
                                      -----------    -----------    -----------    -----------

   Loss from operations                    (8,970)        (5,035)       (36,915)       (20,677)

Other expense:
   Interest                                 2,727          1,987          8,091          6,665
                                      -----------    -----------    -----------    -----------

Net loss applicable to common
   stockholders                       $   (11,697)   $    (7,022)   $   (45,006)   $   (27,342)
                                      ===========    ===========    ===========    ===========

Basic and diluted net loss per
   common share                       $      (.01)   $      (.01)   $      (.04)   $      (.02)
                                      ===========    ===========    ===========    ===========

Weighted average number of
   common shares outstanding            1,150,250      1,150,250      1,150,250      1,150,250
                                      ===========    ===========    ===========    ===========


                         See notes to consolidated financial statements

                                              4
</TABLE>
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                                 NEWSEARCH, INC.
                                dba PANACHE, INC.
                Consolidated Statements of Cash Flows (Unaudited)


                                                            Nine Months Ended
                                                               September 30,
                                                            2004         2003
                                                          --------     --------

Cash flows from operating activities:
  Net loss                                                $(45,006)    $(27,342)
  Adjustments to reconcile net loss to net
    cash used in operating activities:
    Depreciation and amortization                            1,444        3,274
    Loss on abandonment of assets                            8,087         --
  Changes in assets and liabilities:
       Accounts receivable                                    --            396
       Inventory                                            16,202        8,500
       Deposits                                              1,958         --
       Accounts payable                                     (9,603)      (5,000)
       Accrued payroll-related expenses                     (1,050)        (791)
       Accrued liabilities                                  12,556         --
                                                          --------     --------
       Net cash used in operating activities               (15,412)     (20,963)

Cash flows from investing activities:
       Net cash used in investing activities                  --           --

Cash flows from financing activities:
  Proceeds from stockholder loans                           18,598       22,464
  Repayment of stockholder loans                            (3,350)      (5,200)
  Repayment of installment loans                              --         (7,432)
                                                          --------     --------
       Net cash provided by financing activities            15,248        9,832
                                                          --------     --------

Net decrease in cash                                          (164)     (11,131)
Cash, beginning of year                                        284       11,185
                                                          --------     --------

Cash, end of period                                       $    120     $     54
                                                          ========     ========


Supplemental disclosure of cash flow information:
  Cash paid for interest                                  $   --       $     74
                                                          ========     ========


                 See notes to consolidated financial statements

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                                 NEWSEARCH, INC.
                                dba PANACHE, INC.
             Notes to Consolidated Financial Statements (Unaudited)


1.  Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance
with the instructions to Form 10-QSB and do not include all of the information
and disclosures required by generally accepted accounting principles for
complete financial statements. All adjustments which are, in the opinion of
management, necessary for a fair presentation of the results of operations for
the interim periods have been made and are of recurring nature unless otherwise
disclosed herein. The results of operations for such interim periods are not
necessarily indicative of operations for a full year. These financial statements
should be read in conjunction with the reviewed financial statements at December
31, 2003.


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                           FORWARD-LOOKING STATEMENTS

     This report may contain certain forward-looking statements as such term is
defined in the Private Securities Litigation Reform Act of 1995 or by the
Securities and Exchange Commission in its rules, regulations and releases, which
represent our expectations or beliefs, including but not limited to, statements
concerning our operations, economic performance, financial condition, growth and
acquisition strategies, investments, and future operational plans. For this
purpose, any statements contained herein that are not statements of historical
fact may be deemed to be forward-looking statements. Without limiting the
generality of the foregoing, words such as "may", "will", "expect", "believe",
"anticipate", "intent", "could", "estimate", "might", or "continue" or the
negative or other variations thereof or comparable terminology are intended to
identify forward-looking statements. These statements by their nature involve
substantial risks and uncertainties, certain of which are beyond our control,
and actual results may differ materially depending on a variety of important
factors, including uncertainty related to acquisitions, governmental regulation,
managing and maintaining growth, volatility of stock price and any other factors
discussed in this and our other filings with the Securities and Exchange
Commission.

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

     BACKGROUND Panache, Inc. ("Panache" or the "Company"), a Colorado
corporation, is the successor to Newsearch, Inc. ("Newsearch"). Newsearch, Inc.
was incorporated under the laws of the State of Colorado on December 3, 1999.
Newsearch was formed as a blind pool or blank check company for the purpose of
seeking to complete a merger or business acquisition transaction, and as the
successor to a previous public trading corporation, which was also named
Newsearch, Inc. ("Old Newsearch").

     Old Newsearch existed under the laws of the State of Colorado from June 21,
1984 through January 1, 1990. During the period December 12, 1984 through August
1988, the Company was listed in Moody's Investors Service and its shares were
publicly traded in the "Pink Sheets". Old Newsearch initially was engaged in the
restaurant business from April 1985 through September 1986 when it owned and
operated the "Godfathers Pizza Company". In 1986, its restaurant activities were
terminated and through 1989, Old Newsearch unsuccessfully attempted to launch
various other business activities. On January 1, 1990 Old Newsearch was
administratively dissolved by the Colorado Secretary of State for failure to
file its bi-annual report and pay the related filing fees. At that point in
time, Old Newsearch became a partnership with the prior shareholders maintaining
their proportionate interest in the Newsearch Partnership relative to the shares
owned in Old Newsearch.

     On December 3, 1999, the Board of Directors of Newsearch authorized and
issued 301,050 shares of the Company's common stock in exchange for all the
partners interests in the Newsearch Partnership. A distribution of Newsearch's
shares was made to the former shareholders of Old Newsearch on a pro rata basis
of one share of common stock for each one hundred shares of common stock of Old
Newsearch. In addition, the Board of Directors of Newsearch authorized and
issued 700,000 restricted shares of its common stock to the Company's Officers
and Directors and outside Advisors.

     On August 20, 2002, Newsearch entered into a Stock Exchange Agreement and
Plan of Reorganization (the "Agreement") with Panache, Inc., a Colorado
corporation ("Panache"), and the two majority shareholders of Panache. Among
other things, the Agreement provided for Newsearch's purchase from the Panache
shareholders of over 90% of the issued and outstanding capital stock of Panache
(4,970,000 of 5,050,000 shares) in exchange for the Company's issuance of
700,000 shares of its authorized but unissued common stock, $.001 par value (the
"Exchange Shares"), to the Panache shareholders (the "Panache Exchange").
Effective December 2, 2002, Newsearch underwent a change of control in
connection with the consummation of the Panache Exchange in which (i) the
directors of Newsearch resigned, and the directors of Panache became Newsearch's
board of directors; (ii) Newsearch's executive officers resigned their
positions, and the new board of directors appointed replacement officers, all of
whom are officers of Panache; and (iii) the former Panache shareholders as a


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group became the holders of 700,000 shares of the Company's common stock, out of
the 1,150,250 shares issued and outstanding immediately after the Panache
Exchange.

     Panache was incorporated under the laws of the State of Colorado on May 1,
1998, for the purpose of engaging in the wholesale women's apparel trade.
Panache purchased the business and its trade name, "The Ollie Collection" from
Ms. Judith Nelson on June 1, 1998 who had previously operated the business for
ten years.

PLAN of OPERATION

     GENERAL. Until it declined to renew its lease, Panache sold women's apparel
on a wholesale basis under its trade name, "The Ollie Collection" primarily
through its display showrooms at the Denver Merchandise Mart (the "Mart").
Panache also sold women's apparel and took orders for apparel at regional trade
shows. Panache's immediate-sale inventory and representative lines principally
consist of women's apparel styles popular in the Rocky Mountain region and
women's Western apparel. Panache represented several different manufacturers of
women's apparel and accessories and also bought and resold women's apparel and
accessories for its own account, for resale. The Mart is a huge, multi-story,
multi-building complex devoted to wholesale trade and to trade shows, and is one
of the premier facilities of its kind in the world. Panache is open for business
throughout the year, except on Fridays and major holidays. Panache accepted as
payment checks, cash and credit cards. For further information on Panache's plan
of operation and business, please consult Panache's FORM 10-KSB available on the
EDGAR system of the U.S. Securities and Exchange Commission.

     COMPETITION. The wholesale womens' apparel and accessories business in
which Panache operates is highly competitive. Panache competes in the Rocky
Mountain region with numerous companies, some of which are larger than it in
terms of resources and market share, more experienced in the industry, and some
of whom represent better and more profitable lines. There are two types of
representatives: (i) those who lease permanent showrooms at a permanent
wholesale facility like The Denver Merchandise Mart or maintain other
facilities, and (ii) those who work from their homes, who tend to be smaller
participants in the market.

     Panache competes principally on the high quality, low cost and
fashionability of its goods and excellent service. Panache has through trial and
error developed the proper competitive mix of clothing and accessories priced at
levels that appeal to the small Rocky Mountain retail ladies and western retail
stores.

     EMPLOYEES. During the quarter, Panache had only one full time employee,
Dean Wicker, and one part-time employee. Its employees must be experienced in
women's apparel sales and marketing on the wholesale level. Panache is non-union
and believes that its relationship with its employees is good.

RESULTS OF OPERATIONS

     Third QUARTER 2004 - During the three and nine months ended September 30,
2004, Panache had sales of $552 and $31,306. Panache incurred a net loss of
$11,697 and $45,006. Panache's cost of sales were $-0- and $19,937. The decrease
in sales is due to the winding down of Panache's operations in the third quarter
of 2004. General and administrative expenses related primarily to wages, payroll
taxes, insurance, postage and shipping, show expenses, telephone, travel, other
office costs and supplies and costs associated with being a public company. The
Company incurred interest expense of $2,727 and $8,091.

     Third QUARTER 2003 - During the three and nine months ended September 30,
2003, Panache had sales of $21,167 and $60,630. Panache incurred a net loss of
$7,022 and $27,342. Panache's cost of sales were $10,162 and $27,933. The
decrease in sales is the direct result of the economic recession in the United


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States and 911. General and administrative expenses related primarily to wages,
payroll taxes, insurance, postage and shipping, show expenses, telephone,
travel, other office costs and supplies and costs associated with being a public
company. The Company incurred interest expense of $1,987 and $6,665.

LIQUIDITY and CAPITAL RESOURCES

     Cash on hand for operation of its business was $120 at September 30, 2004.
Panache's main source of funds is its operational cash flow from its wholesale
women's apparel business doing business under its trade name "The Ollie
Collection".

     Dean Wicker has made loans to Panache totaling $123,722. These are demand
notes bearing interest at 8% annually and will be repaid when cash flow or
profits allow. Irwin Krushansky, formerly a Director, CEO, President and CFO of
the Company, has made loans to Company totaling $30,273. These are demand notes
bearing interest at 8% annually and will be repaid when cash flow or profits
allow.

     Pananche did not make any capital expenditures during the quarter. Other
than the lease of its showrooms, the Company is not a party to any material
contracts. However, Panache will incur routine fees and expenses incident to its
reporting duties as a public company. The Company estimates these costs at
$12,500 for the year ending December 31, 2004.

     Panache has no bank debt, line of credits or accounts receivables.
Currently there is no source of additional liquidity except officer or
shareholder loans. Panache believes that management members or shareholders will
loan funds to Panache as needed for operations. Management and the shareholders
are not obligated to provide funds to Panache, however, and it is not certain
they will always want or be financially able to do so. Panache shareholders and
management members who advance money to Panache to cover Panache's operating
expenses will expect to be reimbursed. Panache has no intention of borrowing
money to reimburse or pay salaries to any Panache officer, director or
shareholder or their affiliates. There currently is no plan to sell additional
securities of Panache, although sales of securities may be necessary to obtain
needed funds. Panache's current management and its counsel have agreed to
continue their services to Panache and to accrue sums owed them for services but
expect repayment of out of pocket costs.

Item 3.   CONTROLS AND PROCEDURES.

     Within 90 days of the filing of this Form 10-QSB, an evaluation was carried
out by Dean Wicker, our CEO, President and Chief Financial Officer, of the
effectiveness of our disclosure controls and procedures. Disclosure controls and
procedures are procedures that are designed with the objective of ensuring that
information required to be disclosed in our reports filed under the Securities
Exchange Act of 1934, such as this Form 10-QSB, is recorded, processed,
summarized and reported within the time period specified in the Securities and
Exchange Commission's rules and forms. Based on that evaluation, Mr. Wicker
concluded that as of September 30, 2004, and as of the date that the evaluation
of the effectiveness of our disclosure controls and procedures was completed,
our disclosure controls and procedures were effective to satisfy the objectives
for which they are intended.

     There were no changes in our internal control over financial reporting
identified in connection with the evaluation performed that occurred during the
fiscal quarter covered by this report that has materially affected or is
reasonably likely to materially affect, our internal control over financial
reporting.


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Item 6.   Exhibits and Reports on Form 8-K.

     (a) EXHIBITS. The following exhibits are filed as part of this report.

          31   Certification of the Chief Executive Officer, President and Chief
               Financial Officer filed pursuant to Section 302 of the
               Sarbanes-Oxley Act of 2002

          32   Certification of the Chief Executive Officer, President and Chief
               Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted
               pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

     (b) REPORTS ON FORM 8-K. None

                                   SIGNATURES

     In accordance with the requirements of the Exchange Act, the Registrant
caused this Report on Form 10-QSB to be signed on its behalf by the undersigned,
thereunto duly authorized.


DATE:  October 28, 2004


                                            NEWSEARCH, INC.

                                            By:  /s/  Dean Wicker
                                               --------------------------------
                                                      Dean Wicker,
                                                      Chief Executive Officer,
                                                      President and
                                                      Chief Financial Officer


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