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 March 31, 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
  $.01 per share, as of March 31, 2002 was 800,250.

  Transitional Small Business Disclosure Format (check one):

  Yes [ ]   No [x]





  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 three months ended March 31,
  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
                                    March 31, 2002
                                 and December 31, 2001
                                          and
                                  Statements of Income
                               for the Three Months Ending
                                    March 31, 2002
                      and the Period Dec. 3, 1999 (Inception)
                                    to March 31, 2002
                                            and
                                Statements of Cash Flows
                               for the Three Months Ending
                                     March 31, 2002
                      and for the period Dec 3, 1999 (Inception)
                                     to March 31, 2002















                               TABLE OF CONTENTS






                                                                  Page

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

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

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

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










  <PAGE>




























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

                                              (Unaudited)         (Audited)

                                               March 31,          December
  31,
                                                  2002               2001
  Assets

  Current assets:
        Cash                                  $    145          $     319
           Total current assets                    145                319


  Total Assets                                $    145            $   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                4,651              3,401
       Accumulated deficit during
          the development stage                 (5,507)            (5,232)
                                              ----------         ---------
  Total stockholders' equity                       145                319
                                              ----------         ---------
  Total Liabilities and Stockholders' Equity  $    145            $   319
                                              =========          ========

                                           F-1








  <PAGE>

                                   Newsearch, Inc.
                            (a Development Stage Company)
                                     (Unaudited)
                                  Income Statement
                    For the Three Months Ending March 31, 2002
                                 and For the Period
                            Dec. 3,1999 to March 31, 2002

                                                               Dec. 3,
                                             Three Months      1999 (Date of
                                          Ending March 31,     Inception) to
                                                 2002          Mar 31 2002
                                           ---------------     -----------


  Revenue                                   $     -            $        -

  Expenses:
       General and admin.                         275                 5,507
                                                ------              --------
          Total expenses                          275                 5,507
                                               ======                ======
  Net (loss) income                          $  ( 275)               (5,507)
                                               ========             ========

  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 Three Months Ending March 31, 2002
          and For the Period Dec. 3, 1999 (Inception) to March 31, 2002


                                        Three Months       Dec. 3,
                                        Ending             1999 (Date of
                                        March 31,2002      Inception) to
                                                             March 31,
                                                                2002
                                           ----------      ------------
  Cash flows from
  operating activities
  Net (loss) income                       $     (275)       $ (5,507)
  Adjustments to reconcile net
  income to net cash used
     by operating activities:             ------------      -----------


        Net cash used by
        operating activities                   (275)          (5,507)
                                            ---------        ---------
       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                  1,250            5,651
                                             --------        ---------
       Net (decrease) increase
        in cash                                  -              2,702
       Cash - beginning                         319                 0
       Cash - ending                            145               145
                                             ========         ========
       Supplemental disclosures:
        Interest paid                     $      -               -
                                             =========       =========
        Income taxes paid                 $      -               -
                                             ===========     =========



                                          F-3
  <PAGE>




                                                           Newsearch, Inc.
                   (A Development Stage Company)
                 NOTES TO THE FINANCIAL STATEMENTS
                           March 31, 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 $.0O1 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. The entire amount is
    considered additional paid-in-capital.

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

    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.


                             F-4


                       Newsearch, Inc.
                (A Development Stage Company)
              NOTES TO THE FINANCIAL STATEMENTS
                      December 31, 2001



    1.   Summary of Significant Accountanting  Policies (continued)
     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  March 31, 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






  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

       Beginning in January 2001,the Company had elected to terminate its
  search for a merger candidate or business acquisition, and focus on
  generating revenues in-house as a computer graphics design company .  The
  business plan adopted for implementation during the first nine months of
  the 2001 was dependent on the efforts of the  President and was
  unsuccessful. Consequently, the Company will continue  its status as that
  of a 'blind pool' or 'blank check' company..


  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.

            It is anticipated that the Company's officers and directors will
  contact broker- dealers and other persons with whom they are acquainted who
  are involved in corporate finance matters to advise them of the Company's
  existence and to determine if any companies or businesses they represent
  have a general interest in considering a merger or acquisition with a blind
  pool or blank check entity.  No assurance can be given that the Company
  will be successful in finding or acquiring a desirable business
  opportunity, given the limited funds that are expected to be available for
  acquisitions. Furthermore, no assurance can be given that any acquisition
  which does occur will be on terms that are favorable to the Company or its
  current stockholders.

            The Company's search will be directed toward small and
  medium-sized enterprises which have a desire to become public corporations
  and which are able to satisfy, or anticipate in the reasonably near future
  being able to satisfy, the minimum asset requirements in order to qualify
  shares for trading on NASDAQ or on an exchange such as the American Stock
  Exchange. (See "Investigation and Selection of Business Opportunities").
  The Company anticipates that the business opportunities presented to it
  will (i) either be in the process of formation, or be recently organized
  with limited operating history or a history of losses attributable to
  under-capitalization or other factors; (ii) be experiencing financial or
  operating difficulties; (iii) be in need of funds to develop a new product
  or service or to expand into a new market, or have plans for rapid
  expansion through acquisition of competing businesses; (iv) be relying upon
  an untested product or marketing concept; (v) have a combination of the
  characteristics mentioned in (i) through (iv), or other similar
  characteristics.  The Company intends to concentrate its acquisition
  efforts on properties or businesses that it believes to be undervalued or
  that it believes may realize a substantial benefit from being publicly
  owned. Given the above factors, investors should expect that any
  acquisition candidate may have little or no operating history, or a history
  of losses or low profitability.

            The Company does not propose to restrict its search for
  investment opportunities to any particular geographical area or industry,
  and may, therefore, engage in essentially any business, to the extent of
  its limited resources.  This includes industries such as service, finance,
  natural resources, manufacturing, high technology, product development,
  medical, communications and others.  The Company's discretion in the
  selection of business opportunities is unrestricted, subject to the
  availability of such opportunities, economic conditions, and other factors.

            As a consequence of this registration of its securities, any
  entity which has an interest in being acquired by, or merging into the
  Company, is expected to be an entity that desires to become a public
  company and establish a public trading market for its securities.  In
  connection with such a merger or acquisition, it is highly likely that an
  amount of stock constituting control of the Company would either be issued
  by the  Company or be purchased from the current principal shareholders of
  the Company by the acquiring entity or its affiliates.  If stock is
  purchased from the current principal shareholders, the transaction is very
  likely to be a private transaction rather than a public distribution of
  securities, but is also likely to result in substantial gains to the
  current principal shareholders relative to their purchase price for such
  stock.  In the Company's judgment, none of its officers and directors would
  thereby become an "underwriter" within the meaning of the Section 2(11) of
  the Securities Act of 1933, as amended as long as the transaction is a
  private transaction rather than a public distribution of securities.  The
  sale of a controlling interest by certain principal shareholders of the
  Company could occur at a time when minority shareholders are unable to sell
  their shares because of the lack of a public market for such shares.

            Depending upon the nature of the transaction, the current
  officers and directors of the Company may resign their management positions
  with the Company in connection with a change in control or acquisition of a
  business opportunity (See "Form of Acquisition," below).  In the event of
  such a resignation, the Company's current management would thereafter have
  no control over the conduct of the Company's business.

            It is anticipated that business opportunities will come to the
  Company's attention from various sources, including its officers and
  directors, its other stockholders, professional advisors such as attorneys
  and accountants, securities broker-dealers, venture capitalists, members of
  the financial community, and others who may present unsolicited proposals.
  The Company has no plans, understandings, agreements, or commitments with
  any individual for such person to act as a finder of opportunities for the
  Company.

            The Company does not foresee that it would enter into a merger or
  acquisition transaction with any business with which its officers or
  directors are currently affiliated.  Should the Company determine in the
  future, contrary to the foregoing expectations, that a transaction with an
  affiliate would be in the best interests of the Company and its
  stockholders, the Company is in general permitted by Colorado law to enter
  into such a transaction if:

            (1)  The material facts as to the relationship or interest of the
  affiliate and as to the contract or transaction are disclosed or are known
  to the Board of Directors, and the Board in good faith authorizes, approves
  or ratifies the contract or transaction by the affirmative vote of a
  majority
  of the disinterested directors, even though the disinterested directors
  constitute less than a quorum; or


     (2)  The material facts as to the relationship or interest of the
  affiliate and as to the contract or transaction are disclosed or are known
  to the stockholders entitled to vote thereon, and the contract or
  transaction is specifically authorized, approved or ratified in good faith
  by vote of the
  stockholders; or

            (3)  The contract or transaction is fair as to the Company as of
  the time it is authorized, approved or ratified, by the Board of Directors
  or the stockholders.

  Investigation and Selection of Business Opportunities

            To a large extent, a decision to participate in a specific
  business opportunity may be made upon management's analysis of the quality
  of the other company's management and personnel, the anticipated
  acceptability of new products or marketing concepts, the merit of
  technological changes, the perceived benefit the business opportunity will
  derive from becoming a publicly held entity, and numerous other factors
  which are difficult, if not impossible, to analyze through the application
  of any objective criteria.  In many instances, it is anticipated that the
  historical operations of a specific business opportunity may not
  necessarily be indicative of the potential for the future because of a
  variety of factors, including, but not limited to, the possible need to
  expand substantially, shift marketing approaches, change product emphasis,
  change or substantially augment management, raise capital, and the like.

            It is anticipated that the Company will not be able to diversify,
  but will essentially be limited to the acquisition of one business
  opportunity because of the Company's limited financing.  This lack of
  diversification will not permit the Company to offset potential losses from
  one business opportunity against profits from another, and should be
  considered an adverse factor affecting any decision to purchase the
  Company's securities.

            Certain types of business combination or business acquisition
  transactions may be completed without any requirement that the Company
  first submit the transaction to the stockholders for their approval. In the
  event that a proposed transaction is structured in such a fashion that
  shareholder approval is not required, holders of the Company's securities
  (other than principal shareholders holding a controlling interest) should
  not anticipate that they will be consulted or that they will be provided
  with financial statements or any other documentation prior to the
  completion of the transaction.  Other types of transactions require prior
  approval of the shareholders.

            In the event a proposed business combination or business
  acquisition transaction is structured in such a fashion that prior
  shareholder approval is necessary, the Company will be required to prepare
  a Proxy or Information Statement describing the proposed transaction, file
  it with the Securities and Exchange Commission for review and approval, and
  mail a copy of it to all Company shareholders prior to holding a
  shareholders meeting for purposes of voting on the proposal.  Minority
  shareholders who do not vote in favor of a proposed transaction will then
  have the right, in the event the transaction is approved by the required
  number of shareholders, to exercise statutory dissenters rights and elect
  to be paid the fair value of their shares.

            The analysis of business opportunities will be undertaken by or
  under the supervision of the Company's officers and directors, none of whom
  are professional business analysts.  Although there are no current plans to
  do so, Company management might hire an outside consultant to assist in the
  investigation and selection of business opportunities, and might pay a
  finder's fee.  Since Company management has no current plans to use any
  outside consultants or advisors to assist in the investigation and
  selection of business opportunities, no policies have been adopted
  regarding use of such consultants or advisors, the criteria to be used in
  selecting such consultants or advisors, the services to be provided, the
  term of service, or the total amount of fees that may be paid.  However,
  because of the limited resources of the Company, it is likely that any such
  fee the Company agrees to pay would be paid in stock and not in cash.

            Otherwise, in analyzing potential business opportunities, Company
  management anticipates that it will consider, among other things, the
  following factors:

            (1)  Potential for growth and profitability, indicated by new
  technology, anticipated market expansion, or new products;

            (2)  The Company's perception of how any particular business
  opportunity will be received by the investment community and by the
  Company's stockholders;

            (3)  Whether, following the business combination, the financial
  condition of the business opportunity would be, or would have a significant
  prospect in the foreseeable future of becoming, sufficient to enable the
  securities of the Company to qualify for listing on an exchange or on a
  national automated securities quotation system, such as NASDAQ, so as to
  permit the trading of such securities to be exempt from the requirements of
  Rule 15c2-6 adopted by the Securities and Exchange Commission (See "Risk
  Factors - The Company - Regulation of Penny Stocks").

            (4)  Capital requirements and anticipated availability of
  required funds, to be provided by the Company or from operations, through
  the sale of additional securities, through joint ventures or similar
  arrangements, or from other sources;

            (5)  The extent to which the business opportunity can be
  advanced;

            (6)  Competitive position as compared to other companies of
  similar size and experience within the industry segment as well as within
  the industry as a whole;

            (7)  Strength and diversity of existing management, or management
  prospects that are scheduled for recruitment;

            (8)  The cost of participation by the Company as compared to the
  perceived tangible and intangible values and potential; and

            (9)  The accessibility of required management expertise,
  personnel, raw materials, services, professional assistance, and other
  required
  items.

            No one of the factors described above will be controlling in the
  selection of a business opportunity, and management will attempt to analyze
  all factors appropriate to each opportunity and make a determination based
  upon reasonable investigative measures and available data.  Potentially
  available business opportunities may occur in many different industries and
  at various stages of development, all of which will make the task of
  comparative investigation and analysis of such business opportunities
  extremely difficult and complex.  Potential investors must recognize that,
  because of the Company's limited capital available for investigation and
  management's limited experience in business analysis, the Company may not
  discover or adequately evaluate adverse facts about the opportunity to be
  acquired.

            The Company is unable to predict when it may participate in a
  business opportunity.  It expects, however, that the analysis of specific
  proposals and the selection of a business opportunity may take several
  months or more.

            Prior to making a decision to participate in a business
  opportunity, the Company will generally request that it be provided with
  written materials regarding the business opportunity containing as much
  relevant information as possible, including, but not limited to, such items
  as a description of products, services and company history; management
  resumes; financial information; available projections, with related
  assumptions upon which they are based; an explanation of proprietary
  products and services; evidence of existing patents, trademarks, or
  services marks, or rights thereto; present and proposed forms of
  compensation to management; a description of transactions between such
  company and its affiliates during relevant periods; a description of
  present and required facilities; an analysis of risks and competitive
  conditions; a financial plan of operation and estimated capital
  requirements; audited financial statements, or if they are not available,
  unaudited financial statements, together with reasonable assurances that
  audited financial statements would be able to be produced within a
  reasonable period of time not to exceed 60 days following completion of a
  merger or acquisition transaction; and the like.

            As part of the Company's investigation, the Company's executive
  officers and directors may meet personally with management and key
  personnel, may visit and inspect material facilities, obtain independent
  analysis or verification of certain information provided, check references
  of management and key personnel, and take other reasonable investigative
  measures, to the extent of the Company's limited financial resources and
  management expertise.

            It is possible that the range of business opportunities that
  might be available for consideration by the Company could be limited by the
  impact of Securities and Exchange Commission regulations regarding purchase
  and sale of "penny stocks."  The regulations would affect, and possibly
  impair, any market that might develop in the Company's securities until
  such time as they qualify for listing on NASDAQ or on an exchange which
  would make them exempt from applicability of the "penny stock" regulations.
  See "Risk Factors - Regulation of Penny Stocks."

            Company management believes that various types of potential
  merger or acquisition candidates might find a business combination with the
  Company to be attractive.  These include acquisition candidates desiring to
  create a public market for their shares in order to enhance liquidity for
  current shareholders, acquisition candidates which have long term plans for
  raising capital through the public sale of securities and  believe that the
  possible prior existence of a public market for their securities would be
  beneficial, and acquisition candidates which plan to acquire additional
  assets through issuance of securities rather than for cash, and believe
  that the possibility of development of a public market for their securities
  will be of assistance in that process.  Acquisition candidates which have a
  need for an immediate cash infusion are not likely to find a potential
  business combination with the Company to be an attractive alternative.

  Form of Acquisition

            It is impossible to predict the manner in which the Company may
  participate in a business opportunity.  Specific business opportunities
  will be reviewed as well as the respective needs and desires of the Company
  and the promoters of the opportunity and, upon the basis of that review and
  the relative negotiating strength of the Company and such promoters, the
  legal structure or method deemed by management to be suitable will be
  selected.  Such structure may include, but is not limited to leases,
  purchase and sale agreements, licenses, joint ventures and other
  contractual arrangements.  The Company may act directly or indirectly
  through an interest in a partnership, corporation or other form of
  organization.  Implementing such structure may require the merger,
  consolidation or reorganization of the Company with other corporations or
  forms of business organization. In addition, the present management and
  stockholders of the Company most likely will not have control of a majority
  of the voting shares of the Company following a merger or
  reorganization transaction.  As part of such a transaction, the Company's
  existing directors may resign and new directors may be appointed without
  any vote by stockholders.

            It is likely that the Company will acquire its participation in a
  business opportunity through the issuance of Common Stock or other
  securities of the Company.  Although the terms of any such transaction
  cannot be predicted, it should be noted that in certain circumstances the
  criteria for determining whether or not an acquisition is a so-called "tax
  free" reorganization under the Internal Revenue Code of 1986, depends upon
  the issuance to the stockholders of the acquired company of a controlling
  interest (i.e. 80% or more) of the common stock of the combined entities
  immediately following the reorganization.  If a transaction were structured
  to take advantage of these provisions rather than other "tax free"
  provisions provided under the Internal Revenue Code, the Company's current
  stockholders would retain in the aggregate 20% or less of the total issued
  and outstanding shares.  This could result in substantial additional
  dilution in the equity of those who were stockholders of the Company prior
  to such reorganization.  Any such issuance of additional shares might also
  be done simultaneously with a sale or transfer of shares representing a
  controlling interest in the Company by the current officers, directors and
  principal shareholders.

            It is anticipated that any new securities issued in any
  reorganization would be issued in reliance upon one or more exemptions from
  registration under applicable federal and state securities laws to the
  extent that such exemptions are available.  In some circumstances, however,
  as a negotiated element of the transaction, the Company may agree to
  register such securities either at the time the transaction is consummated,
  or under certain conditions at specified times thereafter.  The issuance of
  substantial additional securities and their potential sale into any trading
  market that might develop in the Company's securities may have a depressive
  effect upon such market.

            The Company will participate in a business opportunity only after
  the negotiation and execution of a written agreement.  Although the terms
  of such agreement cannot be predicted, generally such an agreement would
  require specific representations and warranties by all of the parties
  thereto, specify certain events of default, detail the terms of closing and
  the conditions which must be satisfied by each of the parties thereto prior
  to such closing, outline the manner of bearing costs if the transaction is
  not closed, set forth remedies upon default, and include miscellaneous
  other terms.

            As a general matter, the Company anticipates that it, and/or its
  principal shareholders will enter into a letter of intent with the
  management, principals or owners of a prospective business opportunity
  prior to signing a binding agreement.  Such a letter of intent will set
  forth the terms of the proposed acquisition but will not bind any of the
  parties to consummate the transaction.  Execution of a letter of intent
  will by no means indicate that consummation of an acquisition is probable.
  Neither the Company nor any of the other parties to the letter of intent
  will be bound to consummate the acquisition unless and until a definitive
  agreement concerning the acquisition as described in the preceding
  paragraph is executed.  Even after a definitive agreement is executed, it
  is possible that the acquisition would not be consummated should any party
  elect to exercise any right provided in the agreement to terminate it on
  specified grounds.

            It is anticipated that the investigation of specific business
  opportunities and the negotiation, drafting and execution of relevant
  agreements, disclosure documents and other instruments will require
  substantial management time and attention and substantial costs for
  accountants, attorneys and others.  If a decision is made not to
  participate in a specific business opportunity, the costs incurred in the
  related investigation would not be recoverable.  Moreover, because many
  providers of goods and services require compensation at the time or soon
  after the goods and services are provided, the inability of the Company to
  pay until an indeterminate future time may make it impossible to procure
  goods and services.


  Investment Company Act and Other Regulation

            The Company may participate in a business opportunity by
  purchasing, trading or selling the securities of such business.  The
  Company does not, however, intend to engage primarily in such activities.
  Specifically, the Company intends to conduct its activities so as to avoid
  being classified as an "investment company" under the Investment Company
  Act of 1940 (the "Investment Act"), and therefore to avoid application of
  the costly and restrictive registration and other provisions of the
  Investment Act, and the regulations promulgated thereunder.

            The Company's plan of business may involve changes in its capital
  structure, management, control and business, especially if it consummates a
  reorganization as discussed above.  Each of these areas is regulated by the
  Investment Act, in order to protect purchasers of investment company
  securities.  Since the Company will not register as an investment company,
  stockholders will not be afforded these protections.

  Competition

            The Company expects to encounter substantial competition in its
  efforts to locate attractive business combination opportunities.  The
  competition may in part from business development companies, venture
  capital partnerships and corporations, small investment companies,
  brokerage firms, and the like.  Some of these types of organizations are
  likely to be in a better position than the Company to obtain access to
  attractive business acquisition candidates either because they have greater
  experience, resources and managerial capabilities than the Company,
  because they are able to offer immediate access to limited amounts of cash,
  or for a variety of other reason.  The Company also will experience
  competition from other public "blind pool" companies, some of which may
  also have funds available for use by an acquisition candidate.

 Results of Operations

           During the period from December 3, 1999 (inception) through
 March, 31,2002 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 three months ended March 31, 2002 were $0.

     The net income for the three months ended March 31, 2002 was $0.

 Liquidity and Capital Resources
 - - -------------------------------
 Cash as of March 31, 2001 was $ 145


 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

 (a) Exhibits

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


 (b) Reports on Form 8-K

  No Reports on Form 8-K have been filed for the quarter ended
  March 31, 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.

 April 30, 2002                 By: /s/ Irwin Krushansky
                                    Irwin Krushansky
                                    President
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