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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 March 31, 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 March 31, 2004 .........................................     3

            Consolidated Statements of Operations (Unaudited):

            For the three months ended March 31, 2004 and 2003 ...........     4

            Consolidated Statements of Cash Flows (Unaudited):

            For the three months ended March 31, 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


                                       2
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                                 NEWSEARCH, INC.
                                dba PANACHE, INC.
                     Consolidated Balance Sheet (Unaudited)
                                 March 31, 2004


                                     ASSETS

Current assets:
   Cash                                                               $     679
   Inventory                                                              9,500
                                                                      ---------
        Total current assets                                             10,179

Equipment - at cost:
   Office equipment                                                       1,075
   Automobile                                                             3,000
   Leasehold improvements                                                26,310
   Less accumulated depreciation                                        (21,579)
                                                                      ---------
                                                                          8,806

Other assets:
   Deposits                                                               1,958
                                                                      ---------

Total assets                                                          $  20,943
                                                                      =========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
   Accounts payable                                                   $   8,000
   Accrued payroll-related expenses                                         864
   Accrued liabilities                                                   14,631
                                                                      ---------
        Total current liabilities                                        23,495

Long-term liabilities:
   Stockholder loans                                                    142,833

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                                                 (176,621)
                                                                      ---------
                                                                       (145,385)
                                                                      ---------

Total liabilities and stockholders' deficit                           $  20,943
                                                                      =========


                 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
                                                               March 31,
                                                          2004           2003
                                                       -----------    -----------
<S>                                                    <C>            <C>
Sales revenue                                          $     9,000    $    23,910
Commission revenue                                           5,892           --
                                                       -----------    -----------
   Total revenue                                            14,892         23,910

Cost of sales                                                6,832         10,552
                                                       -----------    -----------

Gross profit                                                 8,060         13,358

General and administrative expenses                         16,852         21,620
                                                       -----------    -----------

   Loss from operations                                     (8,792)        (8,262)

Other expense:
   Interest                                                  2,637          2,287
                                                       -----------    -----------

Net loss applicable to common stockholders             $   (11,429)   $   (10,549)
                                                       ===========    ===========

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

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


                 See notes to consolidated financial statements

                                       4
</TABLE>

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<TABLE>
<CAPTION>


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


                                                              Three Months Ended
                                                                   March 31,
                                                               2004        2003
                                                             --------    --------
<S>                                                          <C>         <C>
Cash flows from operating activities:
  Net loss                                                   $(11,429)   $(10,549)
  Adjustments to reconcile net loss to net
    cash used in operating activities:
    Depreciation and amortization                                 726       1,091
    Changes in assets and liabilities:
       Accounts receivable                                       --           396
       Inventory                                                6,702       6,500
       Accounts payable                                        (4,603)     (2,000)
       Accrued payroll-related expenses                         (212)        619
       Accrued liabilities                                      5,125        --
                                                             --------    --------
       Net cash used in operating activities                   (3,691)     (3,943)

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

Cash flows from financing activities:
  Proceeds from  stockholder loans                              4,086       2,200
  Repayment of  stockholder loans                                --        (5,200)
  Repayment of installment loans                                 --        (2,549)
                                                             --------    --------
       Net cash provided by (used in) financing activities      4,086      (5,549)
                                                             --------    --------

Net increase (decrease) in cash                                   395      (9,492)
Cash, beginning of year                                           284      11,185
                                                             --------    --------

Cash, end of period                                          $    679    $  1,693
                                                             ========    ========


Supplemental disclosure of cash flow information:
  Cash paid for interest                                     $   --      $  2,287
                                                             ========    ========


                 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. As of March 31, 2004 and through July 31, 2004, Panache sells
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 sells women's apparel and takes 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 represents
several different manufacturers of women's apparel and accessories and also buys
and resells women's apparel and accessories for its own account, for resale.
Panache maintained permanent showrooms with 1,200 sq. ft. of merchandise display
space, which comprises the largest women's apparel square footage at The Denver
Merchandise Mart, located at 451 East 58th Avenue, Denver, Colorado 80216. 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 accepts 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.

     In July, 2004, Panache elected not to renew its lease at the Denver
Merchandise Mart and effectively curtailed its wholesale operations
indefinitely.

     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.

     To maintain a strong and highly visible profile, Panache has positioned
itself in the regional market by providing the largest women's wholesale apparel
showroom at The Denver Merchandise Mart. Panache also maintains a showroom
adjoining its main showroom through which it sells apparel and goods primarily
to small retail stores on a cash and carry basis. Panache is one of two
representative firms at the Mart which offer this service. In addition, Panache
aggressively attends women's apparel and Western apparel trade shows in New
Mexico and Montana.

     EMPLOYEES. Panache has only one full time employee, Dean Wicker, and two
part-time employees. 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.


                                       8
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RESULTS OF OPERATIONS

     FIRST QUARTER 2004 - During the quarter ended March 31, 2004, Panache had
sales of $14,893 and a net loss of $11,429. Panache's cost of sales was $6,832.
The decrease in sales is the direct result of the economic recession in the
United 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 $2,637.

     FIRST QUARTER 2003 - During the quarter ended March 31, 2003, Panache had
sales of $23,910 and a net loss of $10,549. Panache's cost of sales was $10,552.
The decrease in sales is the direct result of the economic recession in the
United 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 $2,287.

LIQUIDITY and CAPITAL RESOURCES

     Cash on hand for operation of its business was $679 at March 31, 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 $113,703. 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 $29,130. 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 March 31, 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.


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     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.

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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