UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


Washington, DC 20549





FORM 10-QSB





[ X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934





For the quarterly period ended September 30, 2003





[ ] Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934





For the transition period  to








Commission File Number   000-27621




Studio Bromont Inc.




(Exact name of small Business Issuer as specified in its charter)





Florida       95-4720231





(State or other jurisdiction of (IRS Employer Identification No.)


incorporation or organization)





2300 W. Sahara, Ave., Suite 500


Las Vegas, Nevada 89102








__________________________________                                               _____________________


(Address of principal executive offices)    (Zip Code)





Issuer's telephone number, including area code:   514-730-6514











PETAPEER HOLDINGS, INC.


2300 W. SAHARA AVE., SUITE 500


LAS VEGAS, NEVADA


89102


__________________________________________


(Former name, former address and former fiscal year,


if changed since last report)





Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days [ X ] Yes [ ] No





State the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 13,703,416 Shares of Common Stock outstanding as of September 30, 2003.






1







PART 1 - FINANCIAL INFORMATION





Item 1. Financial Statements





The accompanying un-audited financial statements have been prepared in accordance with the instructions to Form 10-QSB and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' deficit in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the nine months ended September 30, 2003 are not necessarily indicative of the results that can be expected for the year ending December 31, 2003.








2




STUDIO BROMONT INC.
 (Development Stage Company)
 BALANCE SHEET
 September 30, 2003 and December 31, 2002
 
 
 
 Sept 30,                   Dec 31,
2003      2002ASSETSCURRENT ASSETSCash
$
-

$
-Total Current Assets
$
-

$
-LIABILITIES AND STOCKHOLDERS EQUITYCURRENT LIABILITIESAccounts payable
$
675,751

$
666,512Total Current Liabilites
$
675,751

$
666,512STOCKHOLDERS DEFICIENCYCommon stock 50,000,000 shares authorized at
$0.001 par value; 13,703,416 shares issued and outstanding
$
13,703

$
13,703Capital in excess of par value
$
627,808

$
627,808Deficit accumulated during the Development stage
$
(1,317,262
)
$
(1,308,023)Total Stockholders Deficiency
$
(675,751
)
$
(666,512)$
-

$
- 
 The accompanying notes are an integral part of these financial statements
   F1
 
 STUDIO BROMONT, INC.
 (Development Stage Company)
 STATEMENT OF OPERATIONS
 For the Three and Nine Months Ended September 30, 2003 and 2002
 
 3 month
endedSept
30, 2003

3 month
endedSept
30, 2002


9 month
endedSept
30, 2003


9 month
endedSept
30, 2003


July 1992    to Sept   30, 2003REVENUES
$                    -
$
-

$
-

$
-

$
-EXPENSESAdministrative
$             4,230
$
34,717

$
9,239

$
420,943

$
322,425Depreciation & amortization
$                    -
$
-

$
-

$
10,074

$
14,738Consultants & salaries
$                    -
$
9,000

$
-

$
33,929

$
948,977Total expenses
$             4,230
$
43,717

$
9,239

$
464,946

$
1,286,140OTHER EXPENSESInterest expenses
$                    -
$
-

$
-

$
38,224

$
-Loss of assets
$                    -
$
-

$
-

$
31,122

$
31,122NET LOSS
$           (4,230)
$
(43,717
)
$
(9,239
)
$
(523,608
)
$
(1,317,262)NET LOSS PER COMMON SHAREBasic
$                    -
$
-

$
-
$

-

$
-AVERAGE OUTSTANDING SHARESBasic (stated in 1,000s)
$           13,703
$
11,685

$
13,703

$
11,685

$
 The accompanying notes are an integral part of these financial statements
   F2
   STUDIO BROMONT, INC.
 (Development Stage Company)
 STATEMENT OF CASH FLOWS
 For the Nine Months Ended Sept 30, 2003 and 2002
  Sept. 30                    Sept. 30                    July 1992 to2003                         2002                     Sept. 2003September 30, 2003CASH FLOWS FROMOPERATING ACTIVITIESNet Loss
$
(9,239
)
$
(523,608
)
$
(1,317,262)Adjustments to reconcile net loss toNet cash provided by operating activitiesDepreciation & amortizationIncrease (Decrease) in Interest PayableChanges in accounts payables
$
9,239

$
(2,033
)
$
203,024Contributions to capital-expenses
$
-

$
91,000

$
92,500Capital stock issued as payment for expenses
$
-

$
403,519

$
406,019Equipment abandoned
$
-

$
31,122

$
-Net increase (Decrease) in Cash Flows from operations
$
-

$
-

$
(615,719)CASH FLOWS FROM INVESTINGACTIVITIES
$
-

$
-

$
-Proceeds from loans
$
-

$
-

$
240,996Proceeds from common stock subscriptions
$
-

$
-

$
374,723Net change in Cash
$
-

$
-

$
-Cash at Beginning of Period
$
-

$
-

$
-Cash at end of Period
$
-

$
-

$
-SCHEDULE OF NON CASH OPERATION ACTIVITIESContributions to capital-expenses 2000-2002
$
-

$


$
92,500Stock issued as payment for expenses 1992-2002
$
-

$


$
406,019
 The accompanying notes are an integral part of these financial statements.
 
  F3
 STUDIO BROMONT INC.
 (Development Stage Company)
 NOTES TO FINANCIAL STATEMENTS
 Sept 30, 2003
 
 
 1.  ORGANIZATION
 
 The Company was incorporated under the laws of the State of Florida on July 17, 1992 under the name American finacial Seminares, Inc with authorized common stock of 1,000 shares at $1.00 par value.
 
 Since its inception the company has made several name changes and an increase in the authorized common stock to 50,000,000 shares with a par value of $.001.
 
 The company was organized for the purpose of marketing a software license, however, in late 2001 this activity was abandoned and the company has remained inactive after that date.
 
 The company is in the development stage.
 
 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
 Accounting methods
 
 The company recognizes income and expenses based on the accrual method of accounting.
 
 Dividend policy
 
 The company has not yet adopted a policy regarding payment of dividends.
 
 Income taxes
 
 On Sept 30, 2003, the company had a net operating loss carry forward of $1,317,262. The amount of carry foward that may be availible to offset future profits has not been determined and therefore no provision for a tax benefit has been provided.
 
 The loss carryforward expires starting in 2007 through 2023.
 
 Basic and Diluted net Income (Loss) per share
 
 Basic net income (loss) per share amount are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amount are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of the common share right
 
 
 F4 STUDIO BROMONT INC.
 (Development Stage Company)
 NOTES TO FINANCIAL STATEMENTS (Continued)
 Sept 30, 2003
 
 
 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued
 
 unless the exercise becomes antidilutive and then only the basic share amount are shown in the report.
 
 Statement of cash flows
 
 For the purposes of the statement of cash flow, the company considers all highly liquid investments with a maturity of three month or less to be cash equivalents.
 
 Financial and Concentration Risk
 
 The company does not have any concentration or related financial credit risk.
 
 Revenue Recognition
 
 Revenue is recognized on the sale and delivery of product or the completion of a service provided.
 
 Advertising and Market development
 
 The company expenses advertising and market develpment costs as incurred.
 
 Estimates and Assumptions
 
 Management uses estimates and assumptions in preparing financial statements in accordance with accounting principales generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenue and expenses. Actual result could vary from the estimates that were assumed in preparing these financial statements.
 
 Financial Instruments
 
 The carrying amounts of financial instruments, including accounts payable, are considered by management to be their estimated fair values.
 
 Recent Accounting Pronouncements
   F5  STUDIO BROMONT INC.
 (Development Stage Company)
 NOTES TO FINANCIAL STATEMENTS (Continued)
 Sept 30, 2003
 
 
 The company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.
 
 3.  CAPITAL STOCK
 
 During 2002 the company completed an SEC registration and issuance of 4,035,192 common shares at $.10 for service, of which 1,847,877 shares were issued to a manager of the Company. (note 4)
 
 4.  SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES
 
 Officer-directors have not acquired any of the common outstanding stock of the company nor received any compensation.
 A manager of the company, not an officer-director, received 1,847,877 free trading common shares for service, which he sold, and he has also made contributions to capital in 2002 by the payment $91,000 of Company expenses.
 
 5.  GOING CONCERN
 
 The company will need additional working capital to service its debt and to be successful in its planned activity which raises substantial doubt about its ability to continue as a going concern. Continuation of the Company as a going concern is dependent upon obtaining additional working capital and the management of the company has developed a strategy, which it believes will accomplish this objective through additional equity funding, and long term financing, which will enable the company to operate in the coming year.
   F6
 
 Item 2. Management's Discussion and Analysis or Plan of Operations
 
 FORWARD LOOKING STATEMENTS
 
 The information in this discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined below, and, from time to time, in other reports the Company files with the SEC. These factors may cause the Company's actual results to differ materially from any forward-looking statement. The Company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
 
 
 Plan of Operations
 
 We currently have no business activities. Our plan of operations is to identify and evaluate other businesses and technology opportunities and make arrangements to acquire one that is consistent with our expertise and income needs. On July 18, 2003, we entered into a share exchange agreement with 3874958 Canada Inc. whereby we agreed to transfer to 3874958 Canada Inc. 26,500,000 common shares of Studio Bromont, Inc. stock in exchange for the transfer of 100 shares of American United Corporation, a Delaware corporation. The 100 shares of American United Corporation represent all of the issued and outstanding shares of the company. The agreement was contingent on the parties due diligence and completion of several conditions prior to sale. Subsequent to the reporting period on October 6, 2003, these conditions were satisfied and the sale was consummated.
 
 Benoit Laliberte, our current CEO, CFO, and Director, is also the sole officer, director, and shareholder of American United Corporation. In addition, Mr. Laliberte is the sole officer, director, and shareholder of 3874958 Canada, Inc. As a result, Mr. Laliberte was the beneficial holder of the 100 shares of American United Corporation held by 3874958 Canada, Inc. and is now the beneficial holder of the 26,250,000 shares of Studio Bromont, Inc. issued to 3874958 Canada, Inc. in the transaction described above.
 
 On October 6, 2003, a majority of the shareholders, by written consent, approved a change in the name of the Company to American United Corporation. In order to reflect the acquisition of American United Corporation shares, management considered it in the best interests of the Company to change their name.
 
 We can provide no assurance that we will be successful due to our limited working capital. We require additional financing in order to enable us to successfully operate American United Corporation and achieve profitable operations. We plan to pursue additional financing in a form that has not been determined at this time. We can provide no assurance that we will receive any financing.
 
 We currently have forecasted the expenditure of approximately $20,000 during the next six to twelve months in order to remain in compliance with the reporting requirements of the Securities Exchange Act of 1934 and to identify additional businesses and technology for acquisition. The completion of our business plan for the next 12 months is contingent upon us obtaining additional financing. If we
 
 3
 
 lose our listing on the over-the-counter bulletin board. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds. Without the necessary cash flow, we will not be able to pursue our plan of operations until such time as the necessary funds are raised in the equity securities market.
 
 We do not anticipate purchasing any real property or significant equipment during the next 12 months.
 
 At the present time we have no employees other than our Chief Executive Officer and Chief Financial Officer, Mr. Benoit Laliberte. We do not anticipate hiring any employees until such time as we are able acquire any additional businesses and/or technology.
 
 Results of Operations
 
 We did not earn any revenues during the three or nine month period ending September 30, 2003.
 
 We incurred expenses in the amount of $4,230 for the three months ended September 30, 2003, compared to expenses of $43,717 for the three months ended September 30, 2002. We incurred expenses in the amount of $9,239 for the nine months ended September 30, 2003, compared to expenses of $492,486 for the nine months ended September 30, 2002. Our expenses for the three and nine months ended September 30, 2003 were attributable to paying administrative expenses. We anticipate our operating expenses will increase as we undertake our plan of operations.
 
 We incurred a loss of $4,230 for the three months ended September 30, 2003, compared to a loss of $9,239 for the three months ended September 30, 2002. Our losses have been attributable entirely to operating expenses.
 
 Liquidity and Capital Resources
 
 As of September 30, 2003, we had no cash, compared to no cash as of December 31, 2002. We had a working capital deficit of $675,751 as of September 30, 2003, compared to a working capital deficit in the amount of $666,512 as of December 31, 2002. Accordingly, we currently have insufficient working capital to pursue our plan of operations.
 
 We have not attained profitable operations and are dependent upon obtaining financing to pursue our plan of operations. For these reasons our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern.
 
 ITEM 3. CONTROLS AND PROCEDURES.
  As required by Rule 13a-14 under the Securities Exchange Act of 1934 (the "Exchange Act"), we carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2003. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective in timely alerting management to material information relating to us which is required to be included in our periodic SEC filings. There have been no significant changes in our internal controls or in other factors that could significantly affect internal controls subsequent to the date we carried out our evaluation.
  Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including
 
 4
 
 our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.
 
 PART II - OTHER INFORMATION
 
 
 Item 1. Legal Proceedings
 
 We are not a party to any material legal proceedings and to our knowledge, no such proceedings are threatened or contemplated.
 
 
 Item 2. Changes in Securities
 
 Subsequent to the reporting period on October 6, 2003, all conditions were satisfied and we entered into a share exchange agreement with 3874958 Canada Inc. whereby we transferred to 3874958 Canada Inc. 26,500,000 common shares of Studio Bromont, Inc. stock in exchange for 100 shares of American United Corporation, a Delaware corporation.
 
 Item 3. Defaults upon Senior Securities
 
 None.
 
 
 Item 4. Submission of Matters to a Vote of Security Holders
 
 No matters were submitted to our security holders for a vote during the fiscal quarter ended September 30, 2003. Subsequent to the reporting period on October 6, 2003, a majority of the shareholders, by written consent, approved a change in the name of the Company to American United Corporation.
 
 Item 5. Other Information
 
 None.
 
 Item 6. Exhibits and Reports on Form 8-K.
 
 EXHIBITS REQUIRED BY ITEM 601 OF FORM 8-K
 
 Exhibit Number
Description of Exhibit10.1
Share Exchange Agreement31.1
Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1
Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
   5
   REPORTS ON FORM 8-K
 
 We did not file a Current Report on Form 8-K during the quarter ended September 30, 2003 and have not filed a Current Report on Form 8-K since September 30, 2003.
    6
  SIGNATURES
  
 In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 STUDIO BROMONT INC.
 
 
 Date:  November 19, 2003
   
 By:  /s/ Benoit Laliberte
 Benoit Laliberte
 Principal Executive Officer
 Principal Accounting Officer
   7