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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-QSB
 (Mark One)
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended June 30, 2007
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission File Number 0-30303
 NEWSEARCH, INC.
  Colorado
    
    84-1522846(State or Other Jurisdiction of 
incorporation or Organization)
    
    (I.R.S. Employer Identification No.)
 2005 10th Street, Suite A  Boulder, Colorado 80302
 (303) 444-4957
 þ o
 o þ
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NEWSEARCH, INC.
REPORT ON FORM 10-QSB
FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2007
 CONTENTS
 PART I  FINANCIAL INFORMATION
    
    
    3Item 1  Financial Statements
    
    
    3Item 2  Managements Discussion and Analysis or Plan of Operation
    
    
    7Item 3  Controls and Procedures
    
    
    10PART II  OTHER INFORMATION
    
    
    10Item 1  Legal Proceedings
    
    
    10Item 2   Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    10Item 3  Defaults Upon Senior Securities
    
    
    10Item 4  Submission of Matters to a Vote of Security Holders
    
    
    10Item 5  Other Information
    
    
    10Item 6  Exhibits
    
    
    11Exhibit 10.2Exhibit 31.1Exhibit 31.2Exhibit 32.1Exhibit 32.2
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PART I  FINANCIAL INFORMATION
 
 Item 1  Financial Statements
 NEWSEARCH, INC.
Balance Sheet (Unaudited)
June 30, 2007
 ASSETSCurrent assets:Cash
    
    $
    Equipment, net
    
    
    4,544Other assets:Security deposit
    
    
    2,200Technology license
    
    
    150,000152,200Total assets
    
    $
    156,744LIABILITIES AND STOCKHOLDERS DEFICITCurrent liabilities:Advances
    
    $
    10,000Accrued compensation  officers, directors and consultants
    
    
    228,924Other accrued expenses
    
    
    158,841Promissory note
    
    
    100,000497,765Stockholders deficit:Preferred stock; $.001 par value; authorized  50,000,000
shares; issued  none
    
    
    Common stock; $.001 par value; authorized  100,000,000
shares; issued and outstanding  24,815,521 shares
    
    
    3,382Additional paid-in capital
    
    
    787,351Accumulated deficit
    
    
    (1,131,754
    )(341,021
    )Total liabilities and stockholders deficit
    
    $
    156,744
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NEWSEARCH, INC.
Statements of Operations (Unaudited)
 Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2007
    
    
    2006
    
    
    2007
    
    
    2006Costs and expenses:Compensation  officers, directors
and consultants
    
    $
    162,533
    
    
    $
    
    
    
    $
    279,033
    
    
    $Professional fees
    
    
    93,037
    
    
    
    35,025
    
    
    
    162,814
    
    
    
    39,000General and administrative
    
    
    16,929
    
    
    
    4,541
    
    
    
    46,922
    
    
    
    4,541Depreciation
    
    
    619
    
    
    
    
    
    
    
    1,412Interest
    
    
    1,869
    
    
    
    
    
    
    
    2,342Net loss applicable to common
stockholders
    
    $
    (274,987
    )
    
    $
    (39,566
    )
    
    $
    (492,523
    )
    
    $
    (43,541
    )Basic and diluted net loss per
common share
    
    $
    (.01
    )
    
    $
    (.05
    )
    
    $
    (.02
    )
    
    $
    (.05
    )Weighted average number of
common shares outstanding
    
    
    24,715,521
    
    
    
    800,250
    
    
    
    24,665,522
    
    
    
    800,250
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NEWSEARCH, INC.
Statements of Cash Flows (Unaudited)
 Six Months EndedJune 30,2007
    
    
    2006Cash flows from operating activities:Net loss
    
    $
    (492,523
    )
    
    $
    (43,541
    )Adjustments to reconcile net loss to net cash
used in operating activities:Common stock issued for services
    
    
    80,000Depreciation
    
    
    1,412Loss on sale of equipment
    
    
    1,752Changes in operating assets and liabilities:Prepaid legal
    
    
    2,500Accrued compensation  officers, directors and consultants
    
    
    158,036Other accrued expenses
    
    
    142,324
    
    
    
    43,541Net cash used in operating activities
    
    
    (106,499
    )
    
    
    Cash flows from investing activities:Proceeds from sale of equipment
    
    
    3,161Net cash used in investing activities
    
    
    3,161
    
    
    
    Cash flows from financing activities:Proceeds from promissory note
    
    
    100,000Repayment of promissory noteNet cash provided by
financing activities
    
    
    100,000
    
    
    
    Net (decrease) in cash
    
    
    (3,338
    )
    
    
    Cash at beginning of year
    
    
    3,338Cash at end of period
    
    $
    
    
    
    $
    Supplemental disclosure of cash flow information:Cash paid for interest
    
    $
    
    
    
    $
    Supplemental disclosure of noncash investing and
financing activities:Common stock issued for services
    
    $
    80,000
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NEWSEARCH, INC.
Notes to Financial Statements (Unaudited)
 1. Basis of Presentation
  2. Promissory Notes
  3. Common Stock
  4. Related Party Transactions
  5. Subsequent Events
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Item 2  Managements Discussion and Analysis or Plan of Operation
  Forward Looking Statements
  
    
    the availability and adequacy of our cash flow to meet our business requirements;
    
    economic, competitive, demographic, business and other conditions in our local and
regional markets;
    
    changes or developments in laws, regulations or taxes in the ethanol or energy
industries;
    
    actions taken or not taken by third-parties, including our competitors, as well as
legislative, regulatory, judicial and other governmental authorities;
    
    competition in the ethanol industry;
    
    the failure to obtain, or loss of, any license or permit;
    
    the cyclical nature of the energy industry, and therefore any downturns in this
cyclical industry could adversely affect operations;
    
    the energy-related industry that we service is heavily regulated and the costs
associated with such regulated industries increases the costs of doing business;
    
    the ability to carry out our business plan and to manage our growth effectively and
efficiently;
    
    the failure to manage any foreign exchange risk adequately;
    
    a general economic downturn or a downturn in the securities markets; and
    
    risks and uncertainties described in the Risk Factors section or elsewhere in our
Annual Report on Form 10-KSB.
   Business Overview
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Plan of Operation
    
    
    Obtain additional operating capital from joint venture partnerships, debt financing or
equity financing to fund ongoing operations and the development of BOO plants in the United
Kingdom and North America.
    
    As available and as applicable to our business plans, apply for public funding to leverage
the private capital we may raise.
    
    Actively pursue mergers, acquisitions and joint ventures to increase shareholder value.
    
    Move quickly to secure additional opportunities to develop and operate state-of-the-art
waste-to-energy plants for clients with long-term waste disposal and/or energy supply needs.
  
    
    Waste Coal:John Grob, a Director, has spent over three years developing a project with one
of Europes largest coal companies to use high-ash coal slurry at one of its sites. This
project entails dewatering the slurry and mixing it with waste coal fines and other waste
material as feedstock for a pilot 50-ton per day gasifier. This gasification project is a key
part of a larger initiative to reclaim the land for development as well as provide syngas for
an on-site power plant.
    
    European Energy Park:We currently have the lead in planning an innovative energy park
concept that integrates a variety of clean energy technologies, including a pyrolytic steam
reforming unit, a biodiesel refinery, anaerobic digesters, and potentially an algae bioreactor
utilizing a mix of renewable and waste-coal feedstock.
    
    Energy Innovation Center:We are collaborating with a city in Colorado in planning a
renewable energy center that includes a unique mix of technologies (solar, sewage sludge
reuse, gasification, biodiesel, and a pilot-scale algae bioreactor) designed to maximize the
potential eco-industrial synergies from using waste streams from one process as inputs to
other processes on the site.
 Results of Operations
 THREE MONTHS ENDED JUNE 30, 2007 COMPARED TO THREE MONTHS ENDED JUNE 30, 2006
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SIX MONTHS ENDED JUNE 30, 2007 COMPARED TO SIX MONTHS ENDED JUNE 30, 2006
  Liquidity and Capital Resources
       Off-Balance Sheet Arrangements
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Item 3. Controls and Procedures
   
 PART II  OTHER INFORMATION
 
 Item 1  Legal Proceedings
  
 Item 2  Unregistered Sales of Equity Securities and Use of Proceeds
  
 Item 3  Defaults Upon Senior Securities
  
 Item 4  Submission of Matters to a Vote of Security Holders
  
 Item 5  Other Information
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Item 6  Exhibits
 Exhibit Index
 ExhibitNumber
    
    Exhibit Description3.1
    
    Amended and Restated Articles of Incorporation (1)3.2
    
    Bylaws (2)4.1
    
    Specimen Common Stock Certificate (2)10.1
    
    $100,000, 7.5% Promissory Note dated March 8, 2007, payable to Vision Capital Partners AA Ltd. (1)10.2
    
    $75,000, 7.5% Promissory Note dated August 16, 2007, payable to Profit Consultants, Inc. *31.1
    
    Rule 13a-14(a)/15d-14(a) Certification by the Principal Executive Officer *31.2
    
    Rule 13a-14(a)/15d-14(a) Certification by the Principal Financial Officer *32.1
    
    Section 1350 Certification by the Principal Executive Officer *32.2
    
    Section 1350 Certification by the Principal Financial Officer *
 *
    
    Filed herewith.(1)
    
    Incorporated by reference from the Companys Annual Report on Form 10-KSB for the fiscal year
ended December 31, 2006 (File No. 0-30303).(2)
    
    Incorporated by reference to the Companys Report on Registration Statement on Form 10SB-12G
filed with the Commission on April 12, 2000 (File No. 0-30303).
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SIGNATURE
  NEWSEARCH, INC.Date: September 13, 2007
    By:
    /s/ Paul L. WhittonPaul L. Whitton, PresidentDate:  September 13, 2007
    By:
    /s/ Kenneth S. AdesskyKenneth S. Adessky, Chief Financial Officer  12




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Exhibit Index
 ExhibitNumber
    
    Exhibit Description3.1
    
    Amended and Restated Articles of Incorporation (1)3.2
    
    Bylaws (2)4.1
    
    Specimen Common Stock Certificate (2)10.1
    
    $100,000, 7.5% Promissory Note dated March 8, 2007, payable to Vision Capital Partners AA
Ltd. (1)10.2
    
    $75,000, 7.5% Promissory Note dated August 16, 2007, payable to Profit Consultants, Inc. *31.1
    
    Rule 13a-14(a)/15d-14(a) Certification by the Principal Executive Officer *31.2
    
    Rule 13a-14(a)/15d-14(a) Certification by the Principal Financial Officer *32.1
    
    Section 1350 Certification by the Principal Executive Officer *32.2
    
    Section 1350 Certification by the Principal Financial Officer *
 *
    
    Filed herewith.(1)
    
    Incorporated by reference from the Companys Annual Report on Form 10-KSB for the fiscal year
ended December 31, 2006 (File No. 0-30303).(2)
    
    Incorporated by reference to the Companys Report on Registration Statement on Form 10SB-12G
filed with the Commission on April 12, 2000 (File No. 0-30303).
  13