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 September 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 identification
  incorporation or organization)          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 $.001
per share, as of September 30, 2002 was 450,250.

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 nine months ended September 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
                                  September 30, 2002
                               and December 31, 2001
                                        and
                                Statements of Income
                             for the Nine Months Ending
                                  September 30, 2002
                    and the Period Dec. 3, 1999 (Inception)
                                  to September 30, 2002
                                          and
                              Statements of Cash Flows
                             for the Nine Months Ending
                                   September 30, 2002
                    and for the period Dec 3, 1999 (Inception)
                                   to September 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
                     September 30, 2002 and December 31, 2001

                                                   (Unaudited)      (Audited)

                                                   September 30,   December 31,
                                                       2002            2001
Assets

Current assets:
      Cash                                            $     31      $    319
         Total current assets                               31           319


Total Assets                                          $     31      $    319
                                                      ========      ========

Liabilities and Stockholders' Equity

Current liabilities:
      Accounts payable                                $   --        $  1,149
                                                      --------      --------
        Total current liabilities                         --           1,149
                                                      --------      --------
Loan Payable Officer                                    25,750

Total Liabilities                                       25,750         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; 450,250 shares
 issued and outstanding                                  1,001         1,001
     Additional paid-in capital                          6,361         3,401
     Accumulated deficit during
        the development stage                          (33,081)       (5,232)
                                                      --------      --------
Total stockholders' equity                                  31           319
                                                      --------      --------
Total Liabilities and Stockholders' Equity            $     31      $    319
                                                      ========      ========








                                       F-1

<PAGE>



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

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


Revenue                                       $    --            $    --

Expenses:
     General and admin                           33,081             40,458
                                              ---------          ---------
        Total expenses                           33,081             40,458
                                              =========          =========
Net (loss) income                             $ (33,081)           (40,458)
                                              =========          =========

Weighted average number of
  common shares outstanding                     450,250            450,250
                                              =========          =========
Net loss per share                                 --                 --
                                              =========          =========











                                            F-2

<PAGE>


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


                                                               Dec. 3, 1999
                                                 Nine Months     (Date of
                                                   Ending       Inception) to
                                                September 30,   September 30,
                                                    2002           2002
                                                -------------   --------------
Cash flows from
operating activities
Net (loss) income                                 $(33,081)      $(40,458)
Adjustments to reconcile net
income to net cash used
   by operating activities:                           --             --


     Net cash used by
      operating activities                         (33,081)       (40,458)
                                                  --------       --------
     Cash flows from investing activities             --             --
                                                  --------       --------

     Cash flows from financing activities
       Issuance of common stock                       --            1,001
                                                  --------       --------
     Additional paid-in capital                      3,660          7,061
                                                  --------       --------

     Net cash provided by
       financing activities                         28,470         32,872
                                                  --------       --------
     Net (decrease) increase
      in cash                                         (951)          (476)
     Cash - beginning                                   20              0
     Cash - ending                                      31             20
                                                  ========       ========
     Supplemental disclosures:
      Interest paid                               $   --             --
                                                  ========       ========
      Income taxes paid                           $   --             --
                                                  ========       ========



                                       F-3
<PAGE>



                                 Newsearch, Inc.
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                               September 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 September 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 and on
August 12, 2002 a director paid in $240. 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 September 30, 2002, 450,250 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.

5.  Reorganization Agreement
----------------------------

On August 20, 2002, the company signed a reorganization agreement with Panache,
Inc., a Colorado corporation, which operates as a wholesale ladies apparel
store. As of this date, a closing has not occurred but there is no reason to
believe that the closing will not occur within the next month.


                                       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 September
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 September 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 September 30, 2002 were $0. The net loss for
the six months ended September 30, 2002 was $(33,081)

Liquidity and Capital Resources
-------------------------------
Cash as of September 30, 2002 was $ 31

<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 September 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.

October 5, 2002                                  By: /s/ Irwin Krushansky
                                                     ---------------------------
                                                         Irwin Krushansky
                                                         President