<PAGE>


                    U. S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  Form 10-QSB

(Mark One)

{X}      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND
         EXCHANGE ACT OF 1934 for the Quarterly period ended September 30, 2004

{ }      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
         EXCHANGE ACT OF 1934 for the transition period from _______ to
         __________.

                         COMMISSION FILE NO. 000-29933

                       AMERICAN HOLDING INVESTMENTS, INC.
                       ----------------------------------

      Nevada, U.S.A.                                     77-0434471
      --------------                                     ----------
(State or other Jurisdiction of                (IRS Employer Identification No.)
Incorporation or Organization)

             221 N. Rampart Blvd., Palms Tower Las Vegas, NV 89145
             -----------------------------------------------------
                    (Address of principal executive offices)

                                 (702) 869-7331
                                 --------------
                           (Issuer's telephone number)

Check whether the registrant (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  {  }  NO {X}


<PAGE>

                       AMERICAN HOLDING INVESTMENTS, INC.

                                  FORM 10-QSB

                   For the quarter ending September 30, 2004

                               TABLE OF CONTENTS

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

         Balance Sheet as of September 30, 2004 (unaudited)

             Statements of Operations for the three months and nine months
             ended September 30, 2004 (unaudited) and September 30, 2003
             (unaudited) and from inception on July 22, 1996 to September
             30, 2004 (unaudited).

             Statement of Stockholders Deficit for the Period from inception
             on July 22, 1996 to September 30, 2004 (unaudited).

             Statements of Cash Flows for the nine months ended September
             30, 2004 (unaudited) and September 30, 2003 (unaudited) and
             from inception on July 22, 1996 to September 30, 2004
             (unaudited).

         Notes to Financial Statements.

Item 2.  Management's Discussion and Analysis or Plan of Operation.

Item 3.  Controls and Procedures

Part II. Other Information

Item 1.  Legal Proceedings

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

Item 3.  Defaults upon Senior Securities

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

Item 5.  Other Information

Item 6.  Exhibits

             SIGNATURES


SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This quarterly report on Form 10-QSB contains "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Statements of our intentions, beliefs,
expectations or predictions for the future, denoted by the words "believes",
"expects", "may", "should", "seeks", "pro forma", "anticipates", "intends" and
similar expressions are forward-looking statements that reflect our current
views about future events and are subject to risks, uncertainties and
assumptions.

We wish to caution readers that these forward-looking statements are not
guarantees of future performance and involve risks and uncertainties. Actual
events or results may differ materially from those discussed in the
forward-looking statements as a result of various factors, including, without
limitation, the risk factors and other matters contained in this quarterly
report generally. All subsequent written and oral forward-looking statements
attributable to us or persons acting on our behalf are expressly qualified in
their entirety by the cautionary statements included in this document. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.

                                       2

<PAGE>


PART I -  FINANCIAL INFORMATION

Item 1.  FINANCIAL STATEMENTS

                       AMERICAN HOLDING INVESTMENTS, INC
                        (A DEVELOPMENT STAGE ENTERPRISE)

                              FINANCIAL STATEMENTS

               NINE MONTHS ENDING SEPTEMBER 30, 2004 (unaudited)

CONTENTS                                                                Page
--------                                                                ----

Financial Statements:
   Balance Sheet                                                         4
   Statements of Operations                                              5
   Statement of Stockholders' Deficit                                    6
   Statements of Cash Flows                                              7
   Notes to Financial Statements                                         8-10



                                       3

<PAGE>

                       AMERICAN HOLDING INVESTMENTS, INC.
                        (A DEVELOPMENT STAGE ENTERPRISE)

                       BALANCE SHEET - September 30, 2004



Current Assets
   Cash                                                             $     4,148

                                                                    -----------

Total assets                                                        $     4,148
                                                                    ===========

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
   Accounts payable and accrued expenses                            $    24,747

   Related party payable                                                 37,853

                                                                    -----------

Total current liabilities                                           $    62,600
                                                                    -----------

Stockholders deficit
   Common stock, $.001 par value, 100,000,000 shares
      authorized, 18,948,422 issued and outstanding                 $    18,948

   Additional paid in capital                                         2,935,008

   Deficit accumulated during development stage                      (2,959,908)

   Treasury stock, 52,500 shares at cost                                (52,500)
                                                                    -----------
Total stockholders' deficit                                             (58,452)
                                                                    -----------
Total liabilities and stockholders' deficit                         $     4,148
                                                                    ===========

   The accompanying notes are an integral part of these financial statements.

                                       4

<PAGE>
<TABLE>

                                                AMERICAN HOLDING INVESTMENTS, INC.
                                                 (A DEVELOPMENT STAGE ENTERPRISE)

                                                     STATEMENTS OF OPERATIONS


                                                                                                                 From Inception on
                                                  For the three months ended        For the nine months ended     July 22, 1996 to
                                                 September 30,   September 30,    September 30,    September 30,    September 30,
                                                    2004              2003            2004             2003              2004
                                                 (Unaudited)      (Unaudited)      (Unaudited)      (Unaudited)      (Unaudited)
                                                ------------     ------------     ------------     ------------     ------------
<S>                                             <C>              <C>              <C>              <C>              <C>
Net Revenues                                    $         --     $         --     $         --     $         --     $         --

Cost of Sales                                             --               --               --               --               --
                                                ------------     ------------     ------------     ------------     ------------

Gross Profit                                              --               --               --               --               --

General and administrative expenses                    5,469          203,567          589,839          720,631        2,745,993
                                                ------------     ------------     ------------     ------------     ------------

Net loss from operations before
   interest income and other expenses                 (5,469)        (203,567)        (589,839)        (720,631)      (2,745,993)

Interest income                                           --               --               --              381           37,889
Amortization of discount on convertible loans             --          (12,114)         (86,285)         (18,668)        (168,054)
Write off stock subscription receivable                   --               --          (83,750)              --          (83,750)
                                                ------------     ------------     ------------     ------------     ------------

Net loss                                        $     (5,469)    $   (215,681)        (759,874)    $   (738,918)    $ (2,959,908)
                                                ============     ============     ============     ============     ============

Net loss per share, basic and diluted           $      (0.00)    $      (0.01)    $      (0.04)    $      (0.04)
                                                ============     ============     ============     ============

Weighted average number of shares
   outstanding, basic and diluted                 18,948,422       17,621,090       18,506,758       17,621,090
                                                ============     ============     ============     ============

                         The accompanying notes are an integral part of these financial statements.

                                                                5


<PAGE>

                                                AMERICAN HOLDING INVESTMENTS, INC.
                                                 (A DEVELOPMENT STAGE ENTERPRISE)

                                                  STATEMENT STOCKHOLDERS' DEFICIT
                                                                                                     Deficit
                                                                                                 accumulated               Total
                                                                          Additional                during             stockholders'
                                                   Common stock            Paid In   Subscription development  Treasury    equity
                                              Shares          Amount       Capital    Receivable    stage        stock   (deficit)
                                           ---------------------------------------------------------------------------------------
Balance at July 22,1996 (inception)                   -     $      -   $         -   $      -   $         -   $      -  $       -
Issuance of common stock for
   cash during July 1996 (restated for
   forward cash split)                        2,000,000        2,000         3,000                                          5,000
Issuance of common stock in exchange for
   for services in November 1999                100,000          100                                                          100
Issuance of common stock for
   cash during November 1999                  9,200,000        9,200                                                        9,200
Accumulated net loss for the period
   from July 22,1996 (Inception) to
   December 31, 1999                                                                                 (5,100)               (5,100)
                                           ---------------------------------------------------------------------------------------
Balance at
   January 1, 2000                           11,300,000       11,300         3,000          -        (5,100)         -      9,200
Issuance of common stock for cash
   during March 2000                          1,445,090        1,445       296,100                                        297,545
Issuance of common stock for cash
   during April 2000                            230,000          230       114,770                                        115,000
Issuance of common stock for cash
   during May 2000                            1,918,000        1,918       670,790                                        672,708
Issuance of common stock for cash
   during June 2000                             913,000          913       142,150                                        143,063
Issuance of common stock for cash
   during July 2000                             465,000          465       226,337    (33,750)                            193,052
Net loss for the year ended
   December  31, 2000                                                                              (319,992)             (319,992)
                                           ---------------------------------------------------------------------------------------

Balance at December 31, 2000                 16,271,090       16,271     1,453,147    (33,750)     (325,092)         -   ,110,576
Issuance of common stock for cash
   during June 2001                              50,000           50        99,929    (50,000)                             49,979
Net loss for the year ended
   December 31, 2001                                                                               (563,404)             (563,404)
                                           ---------------------------------------------------------------------------------------

Balance at December 31, 2001                 16,321,090       16,321     1,553,076    (83,750)     (888,496)         -    597,151
Issuance of common stock for cash
   during September 2002                        800,000          800       199,170                                        199,970
Issuance of common stock for cash
   during October 2002                          100,000          100        29,870                                         29,970
Issuance of common stock for cash
   during December 2002                         400,000          400        90,165                                         90,565
Net Loss for the year ended
   December 31, 2002                                                                               (507,943)             (507,943)
                                           ---------------------------------------------------------------------------------------

Balance at December 31, 2002                 17,621,090       17,621     1,872,281    (83,750)   (1,396,439)         -    409,713
Purchase of Treasury Stock                                                                                     (52,500)   (52,500)
Benficial conversion feature related to
   loans to related party                                                  224,666                                        224,666
Extinguishment of the beneficial conversion
   feature related to the portion of the
   convertible loan to related party                                       (70,278)                                       (70,278)
Net loss for the year ended
   December 31, 2003                                                                               (803,595)             (803,595)
                                           ---------------------------------------------------------------------------------------

Balance at December 31, 2003                 17,621,090       17,621     2,026,669    (83,750)   (2,200,034)   (52,500)  (291,994)
Issuance of common stock in exchange for
   for services in March 2004                   350,000          350        62,650                                         63,000
Benficial conversion feature related
   to related party loans                                                   13,666                                         13,666
Issuance of common stock in exchange for
   for services in April 2004                   400,000          400       399,600                                        400,000
Conversion of convertible loans payable
   in April 2004                                577,332          577       432,423                                        433,000
Write off of stock subscriptions receivable                                            83,750                              83,750
Net loss for the nine  months ended
   September 2004 (unaudited)                                                                      (759,874)             (759,874)
                                           ---------------------------------------------------------------------------------------

Balance at September 30, 2004 (unaudited)    18,948,422     $ 18,948   $ 2,935,008   $      -   $(2,959,908)  $(52,500) $ (58,452)
                                           =======================================================================================


                            The accompanying notes are an integral part of these financial statements.

                                                                6


<PAGE>

                                                AMERICAN HOLDING INVESTMENTS, INC.
                                                 (A DEVELOPMENT STAGE ENTERPRISE)

                                                     STATEMENTS OF CASH FLOWS

                                        INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS


                                                                                For the nine months ended        From inception on
                                                                                                                  July 22, 1996 to
                                                                        September 30, 2004   September 30, 2003  September 30, 2004
                                                                             -----------         -----------         -----------
                                                                             (Unaudited)         (Unaudited)         (Unaudited)

Cash flows provided by (used for) operating activities
   Net Loss                                                                  $  (759,874)            (738,918)       $(2,959,908)

Adjustments to reconcile net loss to net cash
  provided by (used for) operating activities:
      Depreciation                                                                   738                 738               9,979
      Issuance of common stock for services                                      463,000                  --             557,500
      Reserve for bad debt                                                            --                  --             132,000
      Amortization of discounts on convertible loans                              86,285              18,668             168,054
      Write off of stock subscriptions receivable                                 83,750                  --              83,750
      Loss on disposal of property and equipment                                   2,266                  --               2,266

Changes in assets and liabilities:
   Other assets                                                                   10,000                  --                  --

Increase (decrease) in liabilities:
   Accounts payable and accrued expenses                                         (11,042)                 --              24,747
                                                                             -----------         -----------         -----------

Total adjustments                                                                634,997              19,406             978,296
                                                                             -----------         -----------         -----------

   Net cash used for operating activities                                       (124,877)           (719,512)         (1,981,612)
                                                                             -----------         -----------         -----------

Cash flows provided by (used for) investing activities:
   Acquisition of property and equipment                                              --                  --             (12,245)
   Notes receivable                                                                   --                  --            (132,000)
   Notes receivable, related parties                                                  --             239,360                  --
   Restricted cash                                                                33,244                  --                  --
                                                                             -----------         -----------         -----------

      Net cash provided by (used for) investing activities                        33,244             239,360            (144,245)
                                                                             -----------         -----------         -----------

Cash flows provided by (used for) financing activities
   Proceeds from sale of common stock                                                 --                  --           1,711,652
   Proceeds from advances of related party                                        37,853              37,640              37,853
   Proceeds from note payable, officer                                                --                  --              21,540
   Payment on note payable, officer                                                   --                  --             (21,540)
   Proceeds from convertible loans payable, related party                         41,000             590,000             715,000
   Payment on convertible loans payable, related party                                --            (166,000)           (282,000)
   Purchase of treasury stock                                                         --             (52,500)            (52,500)
                                                                             -----------         -----------         -----------

      Net cash provided by (used for) financing activities                        78,853             409,140           2,130,005
                                                                             -----------         -----------         -----------

Net increase (decrease) in cash                                                  (12,780)            (71,012)              4,148
Cash, beginning of period                                                         16,928             135,403                  --
                                                                             -----------         -----------         -----------

Cash, end of period                                                          $     4,148         $    64,391         $     4,148
                                                                             ===========         ===========         ===========

Supplemental disclosure of cash flow information -
   no amounts were paid for interest or taxes

Supplemental disclosure of non-cash investing and financing activities:

   Issuance of common stock for services                                     $   463,000         $        --         $   557,500
                                                                             ===========         ===========         ===========
   Conversion of convertible loans payable into common stock                 $   433,000         $        --         $   433,000
                                                                             ===========         ===========         ===========
   Write off of related party payable and investment in Lebanese
   time share                                                                $        --         $ 2,200,000         $ 2,200,000
                                                                             ===========         ===========         ===========


                            The accompanying notes are an integral part of these financial statements.

                                                                7
</TABLE>

<PAGE>

                       AMERICAN HOLDING INVESTMENTS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                       NOTES TO THE FINANCIAL STATEMENTS

                NINE MONTHS ENDED SEPTEMBER 30, 2004 (unaudited)

(1)      ORGANIZATION AND DESCRIPTION OF BUSINESS:

         American Holding Investments, Inc. (formerly known as TransAmerican
         Holdings, Inc. and as Health Research, Ltd.) (the "Company") was
         incorporated under the laws of the state of Nevada on July 22, 1996,
         and is conducting its operations in Nevada. The Company has been in the
         development stage and was inactive until November 1999. On November 15,
         1999, the Company changed its name to TransAmerican Holdings, Inc. On
         October 1, 2004, the Company changed its name to American Holding
         Investments, Inc., pursuant to an agreement with TransAmerica
         Corporation regarding the use of any name confusingly similar to the
         "TransAmerica" name. The sole purpose of the Company at this time is to
         raise capital and to locate and acquire a private on-going business.

(2)      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

         INTERIM FINANCIAL INFORMATION:

         The accompanying financial statements include all adjustments
         (consisting of only normal recurring accruals), which are, in the
         opinion of management, necessary for a fair presentation of the results
         of operations for the periods presented. Interim results are not
         necessarily indicative of the results to be expected for a full year.
         The financial statements should be read in conjunction with the audited
         financial statements and notes included in the annual report of
         American Holding Investments, Inc. on Form 10-KSB for the year ended
         December 31, 2003.

         OFFICE LEASE SETTLEMENT:

         In June of 2004 the Company reached a settlement with its landlord to
         terminate its lease for office space. In exchange for a general release
         from the balance owed to the landlord, the Company paid $33,244, which
         was the lease deposit, and provided the property and equipment in the
         premises to the Landlord. The lease deposit and the net book value of
         the property and equipment were expensed in the quarter ended June 30,
         2004.

         DEVELOPMENT STAGE ENTERPRISE:

         The Company is a development stage enterprise as defined by the
         Financial Accounting Standards Board's ("FASB") Statement of Financial
         Accounting Standards ("SFAS") No. 7, "Accounting and Reporting by
         Development Stage Enterprises." The Company is devoting substantially
         all of its present efforts to acquire a private on-going business. All
         losses accumulated since inception of the Company have been considered
         as part of the Company's development stage activities.

(3)      RELATED PARTY LIABILITY SATISFIED THROUGH THE ISSUANCE OF STOCK:

         In April 2004, the Company converted $433,000 in convertible loans
         payable into 577,332 shares of the Company's common stock under the
         original provisions of the convertible loan agreement. Upon conversion
         of the convertible loans, the balance of the unamortized discount was
         charged to expense. The market value of the Company's common stock on
         the conversion date was $1.00 per share.

                                       8

<PAGE>

(4)      STOCKHOLDERS' EQUITY:

         In February 2004, the Company issued 350,000 shares of its $0.001 par
         value common stock in exchange for services valued at $63,000. These
         shares were issued for consulting services and were valued at the fair
         value of the stock at the time of issuance, which was $0.18 per share.

         In April 2004, the Company issued 400,000 shares of its $0.001 par
         value common stock in exchange for services valued at $400,000. These
         shares were issued for business development services and were valued at
         $1.00 per share, which was the fair market value of the shares at the
         time of issuance.

(5)      OTHER EVENTS:

         On March 22, 2004 the Company entered into an agreement with
         TransAmerica Corporation consenting not to use the service mark
         "TransAmerican" or any other name confusingly similar to
         "TransAmerica". The Company had until June 18, 2004 to change its name
         and refrain from using material containing any references to the name
         "TransAmerican". The Company has fully complied with the terms of the
         settlement. Management believes that the change of the Company's name
         will not have a material adverse effect on the current or future
         activities of the Company.

(6)      SUBSEQUENT EVENTS:

         In February 2005, management of the Company was made aware of a
         $300,000 arbitration award against the Company in favor of Mr. Khaled
         Ben Suleiman Ben Ibrahim Al Salloum (Salloum), in Lebanon. In addition,
         Salloum is pursuing a judgment against the Company to perfect the award
         in the United States. In Lebanon, the Company initiated a criminal
         charge for perjury by Salloum relative to the arbitration award and the
         Company has been advised that the arbitration award has been set aside
         pending conclusion of the criminal investigation. In the meantime,
         Salloum persuaded a California judge to grant a summary judgment motion
         against the Company. The Judgment has not been entered on that order.
         The Company has defenses and believes it will prevail in overturning
         the arbitration award.

         In July 2005, a settlement and release agreement was entered into
         between Uni Financial Group, Inc., Najib E. Choufani (collectively the
         "Choufani Parties") and Michael Savage. The settlement related to
         disputes between the Choufani Parties and Savage regarding the Choufani
         Parties performance on two prior agreements with Savage. The Choufani
         Parties and Savage were both shareholders in the Company and their
         shares of common stock collectively represented at least fifty-one
         percent of the Company. The Choufani Parties agreed to transfer all
         remaining shares that they had any direct or indirect interest in
         (consisting of 9,044,332 shares of common stock of the Company) to the
         Company. The parties agreed such shares would be delivered to the
         Company and/or its designees as they may direct. An entity controlled
         by Savage was issued 2,890,166 of the common shares returned to the
         Company.

         In July 2005, the Company entered into an agreement to engage William
         R. Barber to advise the company with respect to day to day operations
         of the business of the Company effective August 1, 2005. Mr. Barber
         reports to the Board of Directors and the Company's Board retains
         authority and power to approve, disapprove and oversee the activities
         of Mr. Barber. Capital Surplus Indemnity Limited, an entity controlled
         by Mr. Barber, received 4,779,666 shares of the Company's common stock
         for services to be rendered by Mr. Barber.

                                       9

<PAGE>

         In December 2005, pursuant to a Special Meeting of the Board of
         Directors (Board), the Board authorized 1,999,500 shares of the
         Company's common stock to be issued to Settlement Reserves & Surplus,
         Inc., an entity controlled by William R. Barber. The shares were issued
         for Mr. Barber's previous provision of funding and offer to provide
         additional funding from time to time on an as needed basis to the
         Company. The Company has no other source of financing available to it
         at this time. Funding will be at the sole discretion of Mr. Barber
         depending on the circumstances at the time and on terms and conditions
         to be determined each time an advance is made, and at Mr. Barber's
         discretion may be secured by such assets of the Company as may be
         available at the time. In the absence of other terms agreed upon at
         such time as an advance is made, advances will be witnessed by demand
         notes, and bear interest at the rate of six percent (6%) per annum.
         Funding will be documented by a promissory note in form and content
         satisfactory to the Company's attorney.


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

MANAGEMENT'S DISCUSSION AND ANALYSIS

SIGNIFICANT ACCOUNTING POLICIES AND ESTIMATES

Management's Discussion and Analysis of Financial Condition and Results of
Operations discusses the Company's financial statements, which have been
prepared in accordance with accounting principles generally accepted in the
United States of America. The preparation of these financial statements requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities at the date of the financial statements and the reported
amounts of revenues and expenses during the reporting period. On an on-going
basis, management evaluates its estimates and judgments, including those related
to reserves and financial operations. Management bases its estimates and
judgments on historical experiences and on various other factors that are
believed to be reasonable under the circumstances, the results of which form the
basis for making judgments about the carrying value of assets and liabilities
that are not readily apparent from other sources. Actual results may differ from
these estimates under different assumptions or conditions. The most significant
accounting estimates inherent in the preparation of the Company's financial
statements include estimates as to the appropriate carrying value of certain
assets and liabilities which are not readily apparent from other sources,
primarily recording of assets and liabilities from related parties. These
accounting policies are described at relevant sections in this discussion and
analysis and in the notes to the financial statements included in our Annual
Report on Form 10KSB for the fiscal year ended December 31, 2003.

RESULTS OF OPERATIONS

Three months ended September 30, 2004 as compared to September 30, 2003.

REVENUES

The Company is a development stage company. There were no revenues for the three
months ended September 30, 2004 and September 30, 2003.

                                       10

<PAGE>

GENERAL AND ADMINISTRATIVE EXPENSES

Total general and administrative expenses amounted to $5,469 for the three
months ended September 30, 2004, as compared to $203,567 at September 30, 2003.
The expenses resulted primarily from the cost incurred by the Company in the
ordinary course of business in its review of acquisition candidates. The
decrease in loss is attributed to the minimization of expenses by management as
the Company seeks an acquisition target.

LOSS FROM OPERATIONS

The Company incurred a loss from operations of $5,469 for the quarter ended
September 30, 2004 as compared to $203,567 at September 30, 2003.

NET LOSS

The Company had a net loss of $5,469 or $(0.00) per share for the three months
ended September 30, 2004 as compared to $215,681 or $(0.01) per share for the
three months ended September 30, 2003.

Nine months ended September 30, 2004 as compared to September 30, 2003.

REVENUES

The Company is a development stage company. There were no revenues for the nine
months ended September 30, 2004 and September 30, 2003.

GENERAL AND ADMINISTRATIVE EXPENSES

Total general and administrative expenses amounted to $589,839 for the nine
months ended September 30, 2004, as compared to $720,631 at September 30, 2003.
The expenses resulted primarily from the cost incurred by the Company in the
ordinary course of business in its review of acquisition candidates. $463,000 of
this expense results from the Company's shares issued for business development
services rendered.

LOSS FROM OPERATIONS

The Company incurred a loss from operations of $589,839 for the nine months
ended September 30, 2004 as compared to $720,631 at September 30, 2003.

NET LOSS

The Company had a net loss of $759,874 or $(0.04) per share for the nine months
ended September 30, 2004 as compared to $738,918 or $(0.04) per share for the
nine months ended September 30, 2003.


LIQUIDITY AND CAPITAL RESOURCES

Because the Company has no material operating revenues, it has attempted to
restrict administrative costs to minimal levels necessary to effect corporate
operations and securities filings. The Company's proposed activities would
require raising additional capital. There is no assurance that the additional
capital will be available. The Company's only officer and principal shareholder
has provided the Company with its financial resources. The shareholder has
agreed to provide continuous support to enable the Company to satisfy its
working capital until the Company changes control or it develops its own
business and revenues. Without outside funding the Company is solely dependent
upon its major shareholder. The Company has been exploring various alternatives
to raise new capital, but there can be no assurances that the Company will
ultimately be successful in this regard.

                                       11

<PAGE>

PLAN OF OPERATION

Management intends to search for operating opportunities through business
combinations or mergers with entities actively in a business that generates
revenues. In the interim, the Company will seek to minimize overhead. The
Company has not yet entered into any definitive agreements or understandings
with potential acquisitions as of September 30, 2004.

GENERAL BUSINESS PLAN

The Company's purpose is to seek and acquire an interest in business
opportunities presented by persons who or firms which desire to seek the
advantages of an Issuer who has complied with the 1934 Act. The Company's search
is not restricted to any specific business, industry, or geographic region and
it may participate in a business venture of any kind or nature. This discussion
of the proposed business is purposefully general and is not meant to restrict
our unlimited discretion to search for and enter into potential business
opportunities.

The analysis of new business opportunities will be undertaken by, or under the
supervision of, the officers and directors of the Company. Management intends to
concentrate on identifying prospective business opportunities, which may be
brought to its attention through present associations with its officers and
directors, or by the Company's shareholders. In analyzing prospective business
opportunities, management will consider such matters as the available technical,
financial and managerial resources; working capital and other financial
requirements; history of operations; prospects for the future; nature of present
and expected competition; the quality and experience of management services
which may be available and the depth of that management; the potential for
further research, development, or exploration; specific risk factors not now
foreseeable but which may be anticipated to impact the proposed activities of
the Company the potential for growth or expansion; the potential for profit; the
public recognition of acceptance of products, services, or trades; name
identification; and other relevant factors.

INVESTMENT COMPANY ACT OF 1940

Although the Company is subject to regulation under the Securities Act of 1933,
as amended, and the 1934 Act, management believes the Company will not be
subject to regulation under the Investment Company Act of 1940 insofar as the
Company will not be engaged in the business of investing or trading in
securities. In the event the Company engages in business combinations, which
result in the Company holding passive investment interests in a number of
entities, the Company could be subject to regulation under the Investment
Company Act of 1940. In such event, the Company would be required to register as
an investment company and could incur significant registration and compliance
costs. The Company has obtained no formal determination from the Securities and
Exchange Commission as to the status of the Company under the investment Company
Act of 1940 and, consequently, any violation of such Act would subject the
Company to material adverse consequences. The Board of Directors unanimously
approved a resolution stating that it is the Company's desire to be exempt from
the Investment Company Act of 1940 under Regulation 3a-2 thereto.

THE SECURITIES ENFORCEMENT AND PENNY STOCK REFORM ACT OF 1990

The Securities Enforcement and Penny Stock Reform Act of 1990 requires
additional disclosure relating to the market for penny stocks in connection with
trades in any stock defined as a penny stock. The Commission has adopted
regulations that generally define a penny stock to be any equity security that
has a market price less than $5.00 per share, subject to certain exceptions.
Such exceptions include any equity security listed on NASDAQ and any equity
security issue by an issuer that has (i) net tangible assets of at least


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$2,000,000, if such issuer has been in continuous operation for three years,
(ii) net tangible assets of at least $5,000,000, if such issuer has been in
continuous operations for less than three years, or (iii) average annual revenue
of at least $6,000,000, if such issuer has been in continuous operation for less
than three years. Unless an exception is available, the regulations require the
delivery, prior to any transaction involving a penny stock, of a disclosure
schedule explaining the penny stock market and the risks associated with that
market.

ITEM 3.  CONTROLS AND PROCEDURES

As required by SEC rules, the Company has evaluated the effectiveness of the
design and operations of our disclosure controls and procedures as of the end of
the period covered by this quarterly report. This evaluation was carried our
under the supervision and with the participation of the management, including
the principal executive officer. Based on this evaluation, the principal
executive officer has concluded that the design and operation of the disclosure
controls and procedures are effective. There were no significant changes to
internal controls or in other factors that could significantly affect internal
controls subsequent to the date of the evaluation.

PART II - OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

On March 22, 2004 the Company entered into an agreement with TransAmerica
Corporation consenting not to use the service mark "TransAmerican" or any other
name confusingly similar to "TransAmerica". The Company had until June 18, 2004
to change its name and refrain from using material containing any references to
the name "TransAmerican". The Company has fully complied with the terms of the
settlement. Management believes that the change of the Company's name will not
have a material adverse effect on the current or future activities of the
Company.

In February 2005, management of the Company was made aware of a $300,000
arbitration award against the Company in favor of Mr. Khaled Ben Suleiman Ben
Ibrahim Al Salloum (Salloum), in Lebanon. In addition, Salloum is pursuing a
judgment against the Company to perfect the award in the United States. In
Lebanon, the Company initiated a criminal charge for perjury by Salloum relative
to the arbitration award and the Company has been advised that the arbitration
award has been set aside pending conclusion of the criminal investigation. In
the meantime, Salloum persuaded a California judge to grant a summary judgment
motion against the Company. The Judgment has not been entered on that order. The
Company has defenses and believes it will prevail in overturning the arbitration
award.

Management is aware of no other legal proceedings threatened or pending, except
such ordinary routine matters which may be incidental to the business currently
being conducted by the Company.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

In February 2004, the Company issued 350,000 shares of its $0.001 par value
common stock in exchange for services valued at $63,000. These shares were
issued for consulting services and were valued at the fair value of the stock at
the time of issuance, which was $0.18 per share.

In April 2004, the Company issued 400,000 shares of its $0.001 par value common
stock in exchange for services valued at $400,000. These shares were issued for
business development services and were valued at $1.00 per share, which was the
fair market value of the shares at the time of issuance.

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In July 2005, a settlement and release agreement was entered into between Uni
Financial Group, Inc. (Uni Financial), Najib E. Choufani (Choufani)
(collectively the "Choufani Parties") and Michael Savage ("Savage). The
settlement related to disputes between the Choufani Parties and Savage regarding
the Choufani Parties performance on two prior agreements with Savage. The
Choufani Parties and Savage were both shareholders in the Company and their
shares of common stock collectively represented at least fifty-one percent of
the Company. The Choufani Parties agreed to transfer all remaining shares that
they had any direct or indirect interest in (consisting of 9,044,332 shares of
common stock of the Company) to the Company. The parties agreed such shares
would be delivered to the Company and/or its designees as they may direct. An
entity controlled by Savage was issued 2,890,166 of the common shares returned
to the Company.

In July 2005, the Company entered into an agreement to engage William R. Barber
to advise the company with respect to day to day operations of the business of
the Company effective August 1, 2005. Mr. Barber reports to the Board of
Directors and the Company's Board retains authority and power to approve,
disapprove and oversee the activities of Mr. Barber. Capital Surplus Indemnity
Limited, an entity controlled by Mr. Barber, received 4,779,666 shares of the
Company's common stock for services to be rendered by Mr. Barber.

In December 2005, pursuant to a Special Meeting of the Board of Directors
(Board), the Board authorized 1,999,500 shares of the Company's common stock to
be issued to Settlement Reserves & Surplus, Inc., an entity controlled by
William R. Barber. The shares were issued for Mr. Barber's previous provision of
funding and offer to provide additional funding from time to time on an as
needed basis to the Company. The Company has no other source of financing
available to it at this time. Funding will be at the sole discretion of Mr.
Barber depending on the circumstances at the time and on terms and conditions to
be determined each time an advance is made, and at Mr. Barber's discretion may
be secured by such assets of the Company as may be available at the time. In the
absence of other terms agreed upon at such time as an advance is made, advances
will be witnessed by demand notes, and bear interest at the rate of six percent
(6%) per annum. Funding will be documented by a promissory note in form and
content satisfactory to the Company's attorney.

Item 3.  DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

ITEM 5.  OTHER INFORMATION

In February of 2005, the Company's management resigned and Mr. Michael Savage
assumed the position of President and Chairman of the Company.

ITEM 6. EXHIBITS

31.1     Section 302 Certification
32.1     Section 906 Certification

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                                   SIGNATURES

In accordance with Section 12 of the Securities Exchange Act of 1934, the
Registrant has caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized.


                                              AMERICAN HOLDING INVESTMENTS, INC.

Date: April 6, 2006                           /s/ William Barber
                                              ------------------------
                                              William Barber
                                              President, Director


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