Form 10-K for PIEDMONT, INC. filed on January 30, 2002


                   U.S. SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C. 20549

                                 Form 10-KSB

(Mark One)

  X Annual report under section 13 or 15(d) of the Securities Exchange Act of
1934 for the fiscal year ended November 30, 2001.

_____Transition report under section 13 or 15(d) of the Securities Exchange Act
of 1934 for the transition period from ____ to ____.

Commission File No: 0-31431

                                PIEDMONT, INC.
                   (Name of small business in its charter)

         Utah                                                     33-0052057
(State of Incorporation)                                        (IRS Employer
                                                             Identification No.)

                            1001 W. 17th St., Ste. P
          Address of Principal Executive Office (street and number)

                           Costa Mesa, California 92626
                            City, State and Zip Code

         (Issuer's telephone number: (949) 770-2578; Fax: (603)375-6582

           Securities to be registered under Section 12(b) of the Act:

                               Title of each class
                                       N/A

           Securities to be registered under Section 12(g) of the Act:

                          Common Stock, $.001 par value
                                (Title of Class)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities 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
____

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. ___

State issuer's revenue for its most recent fiscal year: $  -0-


<PAGE>

State the aggregate market value of the voting stock held by non- affiliates
computed by reference to the price at which the stock was sold, or the average
bid and asked priced of such stock, as of a speci- fied date within the past 60
days (See definition of affiliate in Rule 12b-2): -0-

Note: If determining whether a person is an affiliate will involve an
unreasonable effort and expense, the issuer may calculate the aggregate market
value of the common equity held by non-affiliates on the basis of reasonable
assumptions, if the assumptions are stated.

(Issuers involved in bankruptcy proceedings during the past five years)
Check whether the issuer has filed all documents and reports required
to be filed by Section 12, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court. Yes ____
No ____

(Applicable only to corporate registrants) State the number of shares
outstanding of each of the issuer's classes of common equity, as of the latest
practicable date: 10,093,195 as of November 30, 2001.

(Documents incorporated by reference. If the following documents are
incorporated by reference, briefly describe them and identify the part of the
Form 10-KSB (e.g. Part I, Part II, etc.) into which the document is
incorporated: (1) any annual report to security holders; (2) any proxy or
information statement; and (3) any prospectus filed pursuant to Rule 424(b) or
(c) of the Securities Act of 1933 ("Securities Act"). The listed documents
should be clearly described for identification purposes.



                                   PART I


ITEM 1.        DESCRIPTION OF BUSINESS

General

PIEDMONT, INC. (the Company) is a Utah corporation formed on June 29, 1983,
under the name of Teal Eye, Inc. Its principal place of business is located at
1001 W. 17th Street, Ste. P, Costa Mesa, California 92626. The Company merged
with Terzon Corporation and changed its name to Terzon Corporation in 1984. It
subsequently changed its name to Candy Stripers Candy Corporation. It was
engaged in the business of manufacturing and selling candy and gift items to
hospital gift shops across the country. The Company was traded over the counter
(OTCBB) for several years. It ceased the candy manufacturing operations and
filed for Chapter 11 Bankruptcy protection in 1986. After emerging from
Bankruptcy in 1993, it was dormant until September, 1997 when the Company
attempted an acquisition of Fort Stockton Oil & Gas Co., Texas. The acquisition
agreement was canceled by mutual consent in April, 1998. The Company changed its
name to Piedmont, Inc. in January, 1998.



<PAGE>

The nature of the Company's business is the development of an on- line shopping
mall ("cybermall") on the Internet which offers a range of goods and services
for sale to consumers over the Internet. Our primary web site is
www.PiedmontCyberMall.com. We have six different retail websites which sell
toys, electronics, health and beauty, sporting goods, gifts, books, music and
videos.

Our intent is to provide value to both the end-user and to our vendors by
providing a range of goods and services in one location. We believe that our
vendors may see increased traffic from customers arriving at our web site for
the purpose of browsing for an unrelated product or service.

Item 2.     Description of Property.

None.

Item 3.      Legal Proceedings.

The Company is not a party to any material pending legal proceedings and, to the
best of its knowledge, no such action by or against the company has been
threatened.

Item 4.   Submission of Matters to a Vote of Security Holders.

No matters were submitted to a vote of the security holders of the Company
during the fourth quarter of the fiscal year which ended November 30, 2001.

Part II

Item 5.  Market Price for Common Equity and Related Stockholder Matters.

(a)  Market Information.

The Shares have not previously been traded on any securities exchange. There is
no common stock of the Company that is subject to outstanding options or
warrants to purchase, or securities convertible into that stock. There are
10,093,195 common shares of the Company outstanding at November 30, 2001.

(b) Holders of Common Equity.

As of November 30, 2001, there was 637 shareholders of record of the Company's
common stock.

(c)  Dividends.

The Company has not declared or paid any dividends. The Board of Directors
presently intends to retain any earnings to finance the Company's operations and
does not expect to authorize cash dividends in the foreseeable future. Any
payment of cash dividends in the future will depend upon the Company's earnings,
capital requirements and other factors.

Item 6.  Management's Discussion and Analysis or Plan of Operations.

The following discussion should be read in conjunction with the financial
statements of the Company and notes thereto contained elsewhere in this report.


<PAGE>

Plan of Operation

Piedmont develops Internet resources to provide internet users with a
comprehensive web site where they can obtain goods and services. We are in the
process of implementing our business model and entering into contracts with
merchants who can provide the goods and services to be sold through our web
site. We launched our website www.PiedmontCyberMall.com, in July, 2000. We
currently intend to raise additional capital in the next six months, either in
the form of equity, debt, or a combination thereof. Additional funding may be
unavailable, or if it is available, the terms of such financing may be
unacceptable to us.

We expect our future revenue to be derived from several sources including: (i)
retail sales of goods to consumers; (ii) commissions or royalties paid by
strategic partners for orders received through us; (iii) advertising on our web
sites, and (iv) fees for electronic commerce services and fees paid by store
vendors featured on our web site.

We expect to hire between three to four additional employees in the next six
months, depending on demand for the products and services we offer and the
growth of our operations generally, as may be necessary to sustain growth and to
remain competitive. The nature of our business is the development of an on-line
shopping mall ("cybermall") on the Internet which offers a range of goods and
services for sale to consumers over the Internet. Our primary web site is
www.PiedmontCyberMall.com.

We have six different retail websites ("storefronts") which sell toys,
electronics, health and beauty, sporting goods, gifts, books, music and videos.

Employees

The Company's has two employees at the present time which are the Company's
officers and directors, who will devote as much time as the Board of Directors
determine is necessary to carry out the affairs of the Company. We expect to
hire between three to four additional employees in the next six months,
depending on demand for the products and services we offer and the growth of our
operations generally, as may be necessary to sustain growth and to remain
competitive.


<PAGE>

Item 7.  Financial Statements.


                          INDEPENDENT AUDITORS' REPORT

Board or Directors
Piedmont, Inc.
Costa Mesa, California

We have audited the balance sheet of Piedmont, Inc., formerly
Candy Stripers Candy Corporation, for the year ended November 30, 2001, and the
related statements of operations, stockholders' equity and cash flows for the
years ended November 30, 2001 and November 30, 2000. These financial statements
are the responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Piedmont, Inc. at November 30,
2001, and the results of its operations and cash flows for the years ended
November 30, 2001 and November 30, 2000, in conformity with generally accepted
accounting principles.

/s/Kurt D. Saliger
------------------
Kurt D. Saliger, C.P.A.
(Nevada State License No. 2335)
Certified Public Accountant
Las Vegas, Nevada
January 28, 2002


<PAGE>


                                     PIEDMONT, INC.
                       (Formerly Candy Stripers Candy Corporation)
                                     BALANCE SHEET


                                                          November 30,
                                                     2001               2000
                                                 ------------      ------------


                                     ASSETS

CURRENT ASSETS:
     Cash                                        $          0      $          0
Stock subscriptions

   TOTAL CURRENT ASSETS                          $          0      $          0

OTHER ASSETS:

   TOTAL ASSETS                                  $          0      $          0

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
Accounts payable                                 $          0      $          0
Sales tax payable
     Loans payable
                                                 ------------      ------------
TOTAL CURRENT LIABILITIES                        $          0      $          0

STOCKHOLDERS' EQUITY:
  Preferred stock, $.001 par value,
    authorized 40,000,000 shares;
    no shares issued
  Common stock, $.001 par value,
    authorized 100,000,000 issued:
    November 30,2000 10,093,195                                          10,093
    November 30,2001 10,093,195                        10,093
  Additional paid-in capital                        3,646,297         3,646,297
  Accumulated loss                                 (3,656,390)       (3,656,390)
                                                 ------------      ------------

     TOTAL STOCKHOLDERS' EQUITY                  $          0                 0

  TOTAL LIABILITIES AND
  STOCKHOLDERS' EQUITY                           $          0      $          0




                 See accompanying notes to financial statements.


<PAGE>

                                 PIEDMONT, INC.
                   (Formerly Candy Stripers Candy Corporation)
                             STATEMENT OF OPERATIONS

                                                           For the year ended
                                                              November 30,
                                                         2001            2000
                                                       ---------      ----------

REVENUE:
Sales                                                   $   0          $   1137
Miscellaneous income

TOTAL REVENUE

EXPENSES:
     Rent
Bank charges
Professional fees                                                          1137
License and taxes
Office supplies
Telephone
Interest expense
Services rendered

TOTAL EXPENSES                                          $   0            ( 1137)

OTHER INCOME:
Forgiveness of debt

GAIN (LOSS) BEFORE TAXES                                    0                 0
State Tax                                                   0              --

NET INCOME (LOSS) AFTER TAXES                           $   0          $      0


                  See accompanying notes to financial statements.

<PAGE>
<TABLE>
<CAPTION>

                                       PIEDMONT, INC.
                         (Formerly Candy Stripers Candy Corporation)
                              STATEMENT OF STOCKHOLDERS' EQUITY

                                                                    Additional
                                Preferred        Common Stock       paid-in       Accumulated
                                Stock        Shares       Amount    capital       loss
                                ------      ----------    ------    ---------     ----------
<S>                             <C>         <C>           <C>       <C>           <C>
Balance, November 30, 1997           0     23,298,985     23,299    3,625,897     (3,649,048)


December 15, 1997, issued                      72,000         72
  for services rendered,
  at par value

December 15, 1997, issued
  for fees to prepare proxy
  statement and to amend
  Articles of Incorporation,
  at par value                             76,000,000     76,000     (76,000)


December 30, 1997, reverse
  stock split, 100-1                      (98,377,119)   (98,377)     98,377

February 6, 1998, issued
  for proposed acquisition
  of Fort Stockton Oil &
  Gas, Inc.                                 8,977,229      8,977      (1,977)

June 9, 1998, issued for
  services rendered                            52,100         52


Net loss, year ended
  November 30, 1998                 0                                                (8,154)
                                ------      ----------    ------    ---------     ----------
Balance, November 30, 1998          0      10,023,195     10,023   3,646,297     (3,657,202)

December 1, 1998, issued for
  services rendered                         60,000            60

August 19, 1999, issued for
  services rendered                         10,000            10

Net loss, year ended
  November 30, 1999                 0                                                  (325)
                                ------      ----------    ------    ---------     ----------
                                           10,093,195     10,093   3,646,297     (3,657,527)
Net income, year ended
  November 30, 2000                                                                  1,137
                                    0      10,093,195     10,093   3,646,297     (3,656,390)
                                =======    ===========    ======   =========    ===========

Balance, November 30, 2000                   10,093,195      10,093  3,646,297    (3,656,390)

Net income, year ended
  November 30, 2001                                                                  -0-
                                    0      10,093,195     10,093   3,646,297     (3,656,390)
                                =======    ===========    ======   =========    ===========

Balance, November 30, 2001                 10,093,195     10,093   3,646,297     (3,656,390)

</TABLE>


                       See accompanying notes to financial statements.
<PAGE>


                                 PIEDMONT, INC.
                   (Formerly Candy Stripers Candy Corporation)
                             STATEMENT OF CASH FLOWS

                                                          For the year ended
                                                              November 30,
                                                          2001           2000
                                                        --------       ---------

Cash Flows from Operating Activities:

   Net income (loss)                                     $     0         $ 1137
   Stock issued for services
Decrease in assets
   Increase (decrease) in
      Liabilities                                              0           1137
      Net Cash Flows from Operating
      Activities                                               -              0
Cash Flows from Investing Activities:                          -           --

Cash Flows from Financing Activities:
   Stock subscriptions

   Cancel stock                                                0

      Net Cash Flows from Financing
      Activities                                               -           --


Net increase (decrease) in cash                                -          (1137)

Cash, beginning of period                                      0           1137

Cash, end of period                                      $     0         $    0


                 See accompanying notes to financial statements.


<PAGE>

                         PIEDMONT, INC.
           (Formerly Candy Stripers Candy Corporation)
                          NOTES TO FINANCIAL STATEMENTS
                                November 30, 2001


NOTE 1 - HISTORY

The Company was incorporated June 29, 1983 under the laws of the State of Utah
as Teal Eye, Inc. On September 7, 1984, the Company merged with Terzon Corp. and
amended its Articles of Incorporation changing the Company name to Terzon Corp.
On September 7, 1984, the Company amended its Articles of Incorporation changing
its name to Candy Stripers Candy Corporation. On January 6, 1998, the Company
amended its Articles of Incorporation changing its name to Piedmont, Inc.

On November 24, 1997, Villa Nova Management Co., Inc., signed an acquisition
agreement with Pilaras Oil and Gas, Inc., to acquire 100% of the stock of Fort
Stockton Oil and Gas, a subsidiary of Pilaras Oil and Gas. This contract was
assigned to the Company on November 28 for common stock in the Company. However,
on April 21, 1998, the contract was cancelled by mutual consent. The stock
issued to Villa Nova Management was retained as payment in preparing proxy
statements, amending the Articles of Incorporation, and other legal services.

On December 22, 1997, the stockholders authorized 40,000,000 shares of preferred
stock at $.001 par value, the terms and conditions of which are to be set by the
Board of Directors. As of November 31, 2001, no shares of preferred stock had
been issued.

On December 30, 1997, the Company authorized a 100-1 reverse stock split
reducing the outstanding stock by 98,377,119 shares.

The Board of Directors reaffirmed the previous issuance of 9,737,229 shares of
restricted common stock (76,000,000 shares split to 760,000 shares and 8,977,229
post split) to Villa Nova for $7,000 consisting of $2,000 for cancelation of a
corporate promissory note and $5,000 for rent.

During the year ended November 30, 1998, the Company issued 124,100 shares of
common stock for services rendered. The stock was issued at par value because
the stock has no market value and the value of the services rendered could not
be determined.

During the year ended November 30, 1999, the Company issued 70,000 shares of
common stock for services rendered. The stock was issued at par value because
the stock has no market value and the value of the services rendered could not
be determined.

During the years ended November 30, 2001 and November 30, 2000, the Company
issued no shares of common stock for services.


<PAGE>

The nature of the Company's business is the development of websites, including
consultation and design, for the sale of retail products. The Company is
presently contracting with various companies for the resale of home gift items.
The company's website is operational.

NOTE 2 - ACCOUNTING POLICIES AND PROCEDURES

The Company has adopted the following accounting policies and procedures:

         1. The Company uses the accrual method of accounting.

         2. Earnings (loss) per share is calculated using a weighted
         averaged number of shares of common stock outstanding.

         3. The Company has elected a fiscal year ending November 30th.

NOTE 3 - EMPLOYEE STOCK OPTION PLAN

On December 27, 1997, the stockholders approved setting aside 500,000 shares of
common stock for an employee stock bonus plan, the terms of which are to be
determined by the Board of Directors.

NOTE 4 - WARRANTS AND OPTIONS

There are no warrants or stock options outstanding to acquire any additional
shares of common stock of the Company.

NOTE 5 - GOING CONCERN

The Company's financial statements have been presented on a going concern basis,
which contemplates the realization of assets and the satisfaction of liabilities
in the normal course of business. As shown in the financial statements, the
Company has incurred substantial operating losses for the past several years and
has an excess of liabilities over assets at November 30, 2000. The Company's
ability to continue as a going concern is contingent upon its ability to operate
profitably, to obtain additional equity investment, or to merge with an
operating company.




<PAGE>

Item 8.  Changes in and Disagreements with Accountants on Accounting and
         Financial Disclosure.

         None.

Part III.

Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance
        with Section 16(a) of the Exchange Act.

Identification of Directors and Executive Officers of the Company.

The following table sets forth the names and ages of all directors and executive
officers of the Company and all persons nominated or chosen to become a
director, indicating all positions and offices with the Company held by each
such person and the period during which he has served as a director:

The principal executive officers and directors of the Company are as follows:

Name/Address                  Age   Position                  Term

Vincent van den Brink         60    President/Director        1998 to Present
1001 W. 17th Street, Ste. P
Costa Mesa,California 92626

Rita Thomas                   55    Secretary/Director        1998 to Present
1001 W. 17th Street, Ste. P
Costa Mesa, California 92626

Business Experience.

The following is a brief account of the business experience during at the least
the last five years of the director and executive officer, indicating his
principal occupation and employment during that period, and the names and
principal businesses of the organizations in which such occupations and
employment were carried out.

Vincent van den Brink has been President and Director of the Company since 1998.
Since October 1997 to present, he has been a Financial Consultant with Airway
Capital, Costa Mesa, California, providing asset based lending, factoring,
equipment leasing, and export financing for various businesses. From June 1985
until May 1997, he was a Business Consultant writing business plans and business
development plans for companies across the country. Since 1978 to present, in
addition to working for the above companies, he has been operating an export
business providing export consulting, export products and sourcing products for
international clients. Mr. Van den Brink is the President of Morgan Clark
Management Co., Inc., both of which are public reporting companies. He holds a
Bachelor's degrees in automotive engineering from the Auto Technische School in
Apeldoorn, Netherlands. He is fluent in English, Dutch, German and Afrikaans.



<PAGE>

Rita Thomas, age 55, is president of Thomas & Associates, a paralegal services
firm in Orange, California. From 1990 to present Ms. Thomas has provided legal
support services including document and information research, teaching and
litigation staff support for various legal firms. From 1985 to April, 1990, Ms.
Thomas owned and operated Select Care Products, Inc., a company offering
individual distributorship programs for pet care products. Ms. Thomas has been
a financial consultant and an independent Life and Health Insurance Agent and
Broker between 1986 and present. Between 1961 and 1989, Ms. Thomas has taught
in public school and private school from kindergarten through university level
in Louisiana, Virginia, Texas, Pennsylvania, Colorado, and California. Ms.
Thomas was Director of Paralegal Studies, Orange Coast College, California from
1989 to 1991 where she was involved in administration of student and teacher
activities and counseling of legal studies and teaching in legal and computer
classes. Ms. Thomas is the President and Director of Mill Creek Research, Inc.
and Regency Capital West, Inc., both of which are public reporting companies.
Between 1965 and 1967, Ms. Thomas received her degrees in BA Education and MEd.
from McNeese State University, Lake Charles, Louisiana where she was Director
of Childcare Center. Ms. Thomas received her juris doctorate degree in 1985
from Western State University, Fullerton, California.

Section 16(a) Compliance.

During the year ended November 30, 2001, the following persons were officers,
directors and more than ten-percent shareholders of the Company's common stock:

Name                       Position                         Filed Reports

Vincent van den Brink      Pres, Director,                       Yes
                           Majority Shareholder

Rita Thomas                Secretary, Director                    Yes

Item 10.  Executive Compensation.

No officer or director of the Company presently receives any remuneration. There
is no annuity, profit sharing, pension or retirement benefits proposed to be
paid to officers, directors, or employees of the Company in the event of
retirement at normal retirement date as there is no existing plan provided or
contributed to by the Company. No stock options are proposed to be paid in the
future directly or indirectly by the Company to any officer or director as there
is no such plan which presently exists.

Item 11.  Security Ownership of Certain Beneficial Owners and Management.

The following table sets forth information regarding the beneficial ownership of
shares of the Company's common stock as of November 30, 2001 by all stockholders
known to each company to be beneficial owners of more than 5% of the outstanding
common stock; each director; and all officers and directors of the Company as a
group (each person has sole voting power and sole dispositive power as to all of
the shares shown as beneficially owned by them):


<PAGE>

Title of      Name and Address of               Amount of      Percent
Class         Beneficial Owner                  Beneficial        of
                                                Ownership(1)     class
-----------------------------------------------------------------------

Common        Vincent van den Brink             9,757,229        96.7%
Stock         1001 W. 17th Street, Ste.P
              Costa Mesa, California 92626

Common        Rita Thomas                          20,000          .2%
Stock         1001 W. 17th Street, Ste.P
              Costa Mesa, California 92626

Common        Shares of all                     9,777,229        96.9%
Stock         directors and
              executive officers as a
              group (2 persons)

Item 12.   Certain Relationships and Related Transactions.

         None

Item 13.  Exhibits and Reports on Form 8-K.

         None

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

January 28, 2002                             PIEDMONT,INC.

                                             /s/ Vincent van den Brink
                                             --------------------------------
                                             Vincent van den Brink, President

In accordance with the Exchange Act, this report has been signed by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

January 28, 2002                             /s/ Vincent van den Brink
                                             --------------------------------
                                             Vincent van den Brink, Director