<PAGE>




                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                   FORM 10-KSB

[X]     ANNUAL  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE SECURITIES
        EXCHANGE  ACT  OF  1934
        For  the  fiscal  year  ended  December  31,  2001
                                    -------------------

[   ]   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.  000-27621

                               Studio Bromont Inc.
                               -------------------
             (Exact name of Registrant as specified in its charter)

          Florida                                95-4720231
-----------------                                ---------
(State  or  other  jurisdiction  of              (I.R.S.  Employer
incorporation  or  organization)                 Identification  Number)

2300  W.  Sahara  Ave.,  Suite  500
Las  Vegas,  Nevada                              89102
-------------------                              -----
(Address  of  principal  executive  offices)     (Zip  Code)

Registrant's  telephone  number,
 including  area  code:                          (514)  891-9070
                                                 ---------------

Securities  registered  pursuant  to  Section  12(b)  of  the  Act:     NONE

Securities  registered  pursuant to Section 12 (g) of the Act: 50,000,000 shares
of  common  stock

Check  whether  the  issuer  (l)  has  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. [X] Yes [   ]
No

Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B  is  not  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.  [   ]

Revenues  for  2001  were  $___________.

The  aggregate  market value of the voting stock held by non-affiliates computed
by reference to the last reported sale price of such stock as of May 16, 2002 is
$760,000.

The number of shares of the issuer's Common Stock outstanding as of May 16, 2001
is  9,668,224.

Transitional  Small Business Disclosure Format (check one):  Yes [   ]  No [ X ]


<PAGE>
                                     PART I

This  report  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.  Actual  results  could  differ materially from those projected in the
forward-looking  statements  if  assumptions  upon  which  the  forward-looking
statements are based do not turn out to be true.  The assumptions upon which the
forward-looking  statements  are  based  include  without  limitation:


-     The  Company  will obtain funding sufficient to execute its business plan.
-     The Company will eventually achieve revenues from the commercialization of
the  client software known as "Gnotella" sufficient to sustain the operations of
the  Company  or  will  obtain  other  business  interests  or products that are
commercially  viable.

ITEM  1.     Description  of  Business

History

The  Company  was  organized  on  July  17, 1992, under the laws of the state of
Florida.  The  initial name of the Company was American Financial Seminars, Inc.

Since  its inception, the Company has sought out various business opportunities,
none of which have been successful over a sustained period of time.  On February
22,  2001,  3838421  Canada  Inc.,  a  Canadian  corporation  ("3838421"), sold,
transferred  and  assigned to the company its exclusive worldwide license to use
and  commercialize the client software known as the Gnotella Client ("Gnotella")
and  its  associated  trademark license.  The business operations of the Company
from  February  22,  2001,  through  approximately  December  17,  2001,  was
commercializing  Gnotella and promoting peer-to-peer computing generally.  In or
around  December, 2001, the development of Gnotella ceased and the Company began
looking  for  other  businesses  or products that had potential for profit.  The
Company  retained  its rights in Gnotella and could commence developing Gnotella
again in the future in the event the Company can obtain sufficient funding to do
so  and  determines  that  it  is  in the best interest of the Company to do so.

In  or  around February, 2002, the Company entered into a plan of reorganization
with  Studio  Bromont  Inc.  If  the  plan  had  been  consummated, the business
operations  of the Studio Bromont Inc. would have become the business operations
of  the  Company.  The plan of reorganization was never closed, and in or around
March,  2002, the plan expired according to its terms and was never consummated.
In  contemplation of the transactions set forth in the plan, the Company changed
its  name  to Studio Bromont Inc. and that remains the name of the Company as of
the  date  of  this  filing.

The  business  of  the Company at the present time continues to be the searching
out  of  products or businesses that the Company can acquire that have potential
for  profit.

General

The  business  objectives  discussed  herein  are  extremely general and are not
intended  to  be  restrictive  on  the  discretion  of the Company's management.
Management  anticipates that it may be able to participate in only one potential
business  venture,  due  primarily  to  the  Company's  limited  capital.

<PAGE>

Selection  of  a  Business

The  Company  anticipates  that  businesses  for  possible  acquisition  will be
referred  by various sources, including its officers and directors, professional
advisors,  securities  broker-dealers,  venture  capitalists,  members  of  the
financial  community,  and  others  who  may present unsolicited proposals.  The
Company  will  not  engage  in  any  general  solicitation  or advertising for a
business  opportunity,  and  will  rely on personal contacts of its officers and
directors  and  their  affiliates, as well as indirect associations between them
and  other business and professional people.  By relying on "word of mouth", the
Company  may be limited in the number of potential acquisitions it can identify.
While  it is not presently anticipated that the Company will engage unaffiliated
professional  firms  specializing  in  business acquisitions or reorganizations,
such  firms  may  be retained if management deems it in the best interest of the
Company.

The  Company  will not restrict its search to any particular business, industry,
or  geographical  location,  and  management  reserves the right to evaluate and
enter into any type of business in any location.  The Company may participate in
a  newly organized business venture or a more established company entering a new
phase  of growth or in need of additional capital to overcome existing financial
problems.  Participation  in  a new business venture entails greater risks since
in  may instances management of such a venture will not have proved its ability,
the  eventual  market  of  such venture's product or services will likely not be
established, and the profitability of the venture will be unproved and cannot be
predicted  accurately.  If  the  Company participates in a more established firm
with  existing  financial  problems,  it  may  be  subjected to risk because the
financial  resources  of the Company may not be adequate to eliminate or reverse
the  circumstances  leading  to  such  financial  problems.

The analysis of new businesses will be undertaken by or under the supervision of
the  officers and directors.  In analyzing prospective business, management will
consider,  to  the  extent  applicable,  the available technical, financial, and
managerial  resources;  working  capital and other prospects for the future; the
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; the potential for
profit; the perceived public recognition or acceptance of products, services, or
trade  or  service  marks;  name  identification;  and  other  relevant factors.

The  decision to participate in a specific business may be based on management's
analysis  of  the  quality  of  the  other  firm's management and personnel, the
anticipated  acceptability  of  new products or marketing concepts, the merit of
technological changes, and other factors which are difficult, if not impossible,
to  analyze  through any objective criteria.  It is anticipated that the results
of  operations  of  a  specific  firm  may  not necessarily be indicative of the
potential  for  the  future  because  of  the requirement to substantially shift
marketing  approaches,  expand significantly, change product emphasis, change or
substantially  augment  management,  and  other  factors.

The Company will analyze all available factors and make a determination based on
a  composite  of  available  facts,  without reliance on any single factor.  The
period  within  which  the  Company  may  participate  in  a  business cannot be
predicted  and  will  depend  on  circumstances  beyond  the  Company's control,
including  the  availability of businesses, the time required for the Company to
complete  its  investigation  and  analysis  of  prospective  business, the time
required  to  prepare


<PAGE>

appropriate  documents  and agreements provided for the Company's participation,
and  other  circumstances.

Acquisition  of  a  Business

In  implementing  a structure for a particular business acquisition, the Company
may  become  a  party  to  a merger, consolidation, or other reorganization with
another  corporation  or  entity;  joint  venture; license; purchase and sale of
assets;  or  purchase and sale of stock, the exact nature of which cannot not be
predicted.  Notwithstanding  the  above,  the  Company  does  not  intend  to
participate  in  a  business  through  the purchase of minority stock positions.
Further,  the  Company  does  not  have  the assets necessary to make a business
acquisition  with cash.  Therefore, any acquisition would have to be in exchange
for  Company stock.  On the consummation of a transaction, it is likely that the
present management and shareholders of the Company will not be in control of the
Company.  In addition, a majority or all of the Company's directors may, as part
of  the  terms  of  the  acquisition  transaction, resign and be replaced by new
directors  without  a  vote  of  the  Company's  shareholders.

It is anticipated that any securities issued in any such reorganization would be
issued  in reliance on exemptions from registration under applicable federal and
state  securities laws.  In some circumstances, however, as a negotiated element
of  the transaction, the Company may agree to register such securities either at
the  time  the  transaction  is  consummated,  under  certain  conditions, or at
specified  times thereafter.  Although the terms of such registration rights and
the  number  of securities, if any, which may be registered cannot be predicted,
it  may  be  expected  that  registration  of securities by the Company in these
circumstances  would entail substantial expense to the Company.  The issuance of
substantial  additional  securities  and  their  potential sale into any trading
market  may  have  a  depressive  effect  on  such  market.

The Company will comply with all federal and state disclosure laws in connection
with the acquisition of any target company including providing shareholders with
audited financial statements when required.  The Company also intends to provide
shareholders with information including audited financial statements regarding a
target  company  even if it is not required when it is reasonably possible to do
so.  If  such disclosure is not required, it may be necessary in some instances,
such  as  when  time restraints will not permit disclosure, for the directors to
determine  that  it is in the best interest of the shareholders to consummate an
acquisition  short  of  all  possible  disclosure.

Operation  of  Business  After  Acquisition

The  Company's  operation  following  its  acquisition  of  a  business  will be
dependent  on  the  nature of the business and the interest acquired.  It may be
expected that the business will present various risks, which cannot be predicted
at  the  present  time.

Government  Regulation

It  is  impossible  to  predict  the government regulation, if any, to which the
Company  may  be subject until it has acquired an interest in business.  The use
of assets and/or conduct of business which the Company may acquire could subject
it  to  environmental,  public  health  and  safety,  land  use, trade, or other
governmental  regulations  and state or local taxation.  In selecting a business
in  which  to

<PAGE>

acquire an interest, management will endeavor to ascertain, to the extent of the
limited  resources  of the Company, the effects of such government regulation on
the prospective business of the Company. In certain circumstances, however, such
as the acquisition of an interest in a new or start-up business activity, it may
not  be possible to predict with any degree of accuracy the impact of government
regulation.  The  inability  to ascertain the effect of government regulation on
prospective  business  activity will make the acquisition of an interest in such
business  a  higher  risk.

Competition

The  Company  will  be  involved  in  intense  competition  with  other business
entities,  many of which will have a competitive edge over the Company by virtue
of  their stronger financial resources and prior experiences in business.  There
is  no  assurance  that  the  Company  will  be successful in obtaining suitable
investments.


Gnotella

As  mentioned  previously,  the  Company  continues  to  own certain rights with
respect  to  the commercialization of Gnotella software, though the exact status
of and value of those rights may be subject to dispute.  It is certain, however,
that at the present time there is no development of nor promotion of Gnotella in
behalf  of the Company.  It remains uncertain as to whether such development and
promotion  will  commence  in  the  future.

Gnotella  is a real time peer-to-peer online search and file-sharing program run
from  a  user's  desktop  as  a servent (a server and a client in a peer-to-peer
network).  Gnotella  allows  users to interface directly with each other with no
intermediate  or  central  authority.  Users access and download Gnotella, which
installs  onto  their  computers.  Once  installed  and  executed  on a computer
connected  to  the  Internet,  the  software  locates  other computers utilizing
Gnotella  or compatible software, and connects to one or more such computers, as
determined  by  the  user.

The  totality  of  computers  connected  to  each  other  utilizing  Gnotella or
compatible  software  is  known as the Gnutella Network.  Once connected, a user
can  search  the Gnutella Network for files matching his or her search criteria,
and  download  the  files located onto his or her own computer.  Gnotella allows
users  to  search  for  and  share  any  type of digital file, including without
limitation,  word processing, audio, video, text, spreadsheets, and software.  A
user can typically connect to and search thousands to tens of thousands of peers
in  the  network,  and  can  gain  access  to  terabytes  of  information.

There  have been downloads of Gnotella version 0.9.8 from users in 121 countries
on  five  continents.  Despite the wide usage of the software as previously made
available  to  the  Internet public by the Company, the software was distributed
basically free of charge.  The Company was ultimately unsuccessful in developing
a  revenue  structure  that  would  return to the Company revenues sufficient to
continue  to  develop  and  provide  the  software  to  the  public.
Employees

As  of May 16, 2002, the Company has no employees other than the services of our
sole  officer  and  director.

<PAGE>

Subsidiaries

The  Company  has  one subsidiary named NetworthEurope.com.  It is a corporation
formed under the laws of the nation of Luxembourg.  The Company holds 309 shares
of  the  310 shares issued and outstanding.  The subsidiary has no operations or
material  assets.

Patents  and  Trademarks

The  Company  holds  an  exclusive  worldwide  license  to use and commercialize
Gnotella  together  with  its  trademark license.  There is no expiration on the
license  or  the  trademark.  Otherwise, the Company does not own any patents or
trademarks.

ITEM  2.     Description  of  Property

The  Company  maintains  its  head office address at address at 2300 West Sahara
Ave.,  Suite 500, Las Vegas, Nevada  89102. The Company pays no rent for the use
of  this  address  and is neither the owner nor lessee of any real property. The
Company  believes  that  as it hires additional employees it will need to secure
additional  office  space  to  house  its  operations.

ITEM  3.     Legal  Proceedings

The  Company  is  not  a  party  to  any  material  legal proceedings and to the
knowledge  of  the  Company, no such proceedings are threatened or contemplated.

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

No  matters  were  submitted to the Company's security holders for a vote during
the  fourth  quarter  of  the  fiscal  year  ended  December  31,  2001.


                                     PART II

ITEM  5.     Market  for  Registrant's  Common  Equity  and Related Stockholders
Matters

Market  Information

The Company's common shares are currently listed on the OTC Bulletin Board under
the  stock  symbol  SBRTE.  The  high  and  the low bids for the shares for each
quarter  within  the  last  two  fiscal  years  were:

<PAGE>


Quarter                    High               Low
-------                    ----               ---

1st  Quarter  2000        1  9/16            11/16
2nd  Quarter  2000        1  7/8             11/16
3rd  Quarter  2000        1  1/4              5/8
4th  Quarter  2000        2  3/4              9/16
1st  Quarter  2001        2  3/4              9/16
2nd  Quarter  2001        1  11/16            5/8
3rd  Quarter  2001           15/16            1/8
4th  Quarter  2001            9/16            1/16

The  quotations reflect inter-dealer prices, without retail mark-up, markdown or
commission  and  may  not  represent  actual  transactions.  The  source  of the
quotation information for 2000 is E*TRADE, Quotes & Research.  The source of the
quotation  information  for  2001  is  Yahoo  Finance.

Dividends

The Company has not declared any dividends since its incorporation. There are no
dividend  restrictions  that limit the Company's ability to pay dividends on its
common  stock  in  its  Articles  of  Incorporation  or  Bylaws.  The  Company's
governing statute, Chapter 607 of Title 36 of the Florida Statutes, does provide
limitations on the Company's ability to declare dividends.  Section 607.06401 of
Chapter  607  prohibits the Company from declaring dividends where, after giving
effect  to  the  distribution  of  the  dividend:

1.     the  Company  would  not be able to pay its debts when they became due in
the  usual  course  of  business;  or

2.     the  Company's  total  assets  would  be  less  than the sum of its total
liabilities  plus  the  amount  that  would be needed, if the Company were to be
dissolved  at  the time of distribution, to satisfy the preferential rights upon
dissolution  of  stockholders  whose  preferential  rights are superior to those
receiving  the  distribution.

At  the  present  time  there are no shareholders of the Company who have rights
preferential  to  those  of  the  common  shareholders.

Section 607.0623 of Chapter 607 allows the board of directors to issue shares of
stock  pro  rata  to  the  Company's  shareholders  as  a  share  dividend.

Recent  Sales  of  Unregistered  Securities

The  Company  did  not  sell of any shares of its common stock during the fiscal
year  ended  December  31,  2001.


<PAGE>


ITEM  6.     Management's  Discussion  and  Analysis  or  Plan  of  Operation

Plan  of  Operations

Our  principal  asset  is a license to use and commercialize the client software
known  as  "Gnotella"  ("Gnotella").  For most of the fiscal year ended December
31,  2001,  our business plan called for the development of upgrades to Gnotella
and  the  establishment of a broad user base for the software.  During December,
2001,  three  of  the  four  members  of  the  board of directors of the Company
resigned  their  positions  and  further  development  and promotion of Gnotella
ceased.  Since  that  time  the  remaining  director  has  sought  new  business
opportunity  for  the  Company.

For  the  next  12  months,  the  Company  will  continue  to  seek out business
opportunities  in  which  it  can  engage and/or operating companies that it can
acquire.  At  December  31, 2001, the Company had no working capital to meet the
cash  requirements  of  the  Company.  In addition, at that date the Company had
current  liabilities  totaling  $819,880.  We therefore believe the Company will
need  to  raise  as much as $900,000 by selling common shares or by borrowing in
order  to have sufficient capital to meet its needs for the next 12 months.  The
Company  attempted  without  success  to  raise sufficient capital to vigorously
pursue  its business during 2001.  Accordingly, there is significant doubt as to
whether  we  will  be  able  to  raise  the  $900,000.  Therefore the day to day
operations  of  the  Company  are  contingent  upon our creditors allowing us to
proceed  without  immediate  payment  of our obligations and upon our ability to
raise  sufficient  monies  to  sustain  minimal operations while we search for a
business opportunity.  It is impossible to know at this point whether we will be
successful  in  this  attempt.

It  should  also  be  noted  that  the Company is obligated to satisfy the costs
associated  with filing the required reports under the Exchange Act of 1934.  It
appears  at  the  present time that these costs will also have to be met through
the  continued  sale  of  stock or by borrowing additional funds.  The Company's
current  operating  plan  is  to  (i)  handle  the  administrative and reporting
requirements  of  a  public  company;  and  (ii)  search for potential business,
products,  technologies  and  companies  for  acquisition.


<PAGE>


ITEM  7.     Financial  Statements
                                                                    Page
                                                                    ----
Title  Page                                                         F-1


Independent  Auditor's  Report                                      F-2

Financial  Statements:

     Consolidated  Balance  Sheet                                   F-3

     Consolidated  Statement  of  Operations                        F-4

     Consolidated  Statement  of  Stockholders'  Equity             F-5

     Consolidated  Statements  of  Cash  Flows                      F-6

      Notes  to  Consolidated  Financial  Statements                F-7


<PAGE>



                                Petapeer  Holdings,  Inc.
                            (A  Development  Stage  Company)

                           Consolidated  Financial  Statements

                              December  31,  2001  and  2000



<PAGE>

                          BIERWOLF, NILSON & ASSOCIATES
                           CERTIFIED PUBLIC ACCOUNTANTS
     A Partnership of         1453 South Major Street     Nephi J. Bierwolf, CPA
Professional Corporations    Salt Lake City, Utah 84115      Troy Nilson, CPA
--------------------------------------------------------------------------------


                             Independent  Auditor's  Report
                             ------------------------------

Board  of  Directors
Petapeer  Holdings,  Inc.
(A  Development  Stage  Company)


We  have  audited the accompanying balance sheets of Petapeer Holdings, Inc., (a
Florida  Corporation),  as  of  December  31,  2001  and  2000,  and the related
statements  of  operations,  retained earnings and cash flows for the years then
ended.  These  consolidated  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,
in  the  United  States  of  America.  Those  standards require that we plan and
perform  the  audit  to obtain reasonable assurance about whether the  financial
statements  are free of material misstatements.  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
the  significant estimates made by management, as well as evaluating the overall
financial  statements  presentation.  We  believe  that  our  audit  provides  a
reasonable  basis  for  our  opinion.

In  our  opinion, the aforementioned financial statements present fairly, in all
material  respects,  the  financial  position  of Petapeer Holdings, Inc., as of
December 31, 2001 and 2000, and the results of its operations and its cash flows
for  the  years  then  ended,  in  conformity with generally accepted accounting
principles,  in  the  United  States  of  America.

The  accompanying  consolidated financial statements have been prepared assuming
the  Company  will continue as a going concern.  As discussed in Note #10 to the
consolidated  financial statements, the Company has an accumulated deficit and a
negative  net worth at December 31, 2001.  These factors raise substantial doubt
about  the  Company's  ability  to  continue  as a going concern.  The financial
statements  do not include any adjustments that might result from the outcome of
this  uncertainty.


/s/ Bierwolf, Nilson & Associates
Bierwolf,  Nilson  &  Associates
Salt  Lake  City,  Utah
May  17,  2002


--------------------------------------------------------------------------------
           MEMBERS OF AMERICAN INSTITUTE OF CPA's, SEC PRACTICE SECTION AND
                                UTAH ASSOCIATES OF CPA's

<PAGE>


                              Petapeer  Holdings,  Inc.
                          (A  Development  Stage  Company)
                                   Balance  Sheet
                                    December  31


                                                         2001           2000
                                                    -------------   ------------
                                   Assets
Current Assets
--------------
  Subscriptions Receivable                          $      1,333    $    1,333
                                                    -------------   ------------

       Total Current Assets                                1,333         1,333

Other Assets
------------
  Capital Assets, Net of Depreciation                      4,164
  Technology Costs, Net of Amortization                   26,958             -
                                                    -------------   ------------

       Total Other Assets                                 31,122             -
                                                    -------------   ------------

       Total Assets                                 $     32,455    $    1,333
                                                    =============   ============

                    Liabilities & Stockholders' Equity
Current Liabilities
-------------------
  Accounts Payable and Accrued Liabilities          $    562,617    $    3,384
  Note Payable                                            99,422             -
  Note Payable - Related Party                           141,574             -
  Accrued Interest                                        16,267             -
                                                    -------------   ------------

       Total Current Liabilities                         819,880         3,384

Stockholders' Equity
--------------------
  Common Stock; 50,000,000 Shares
    Authorized at $0.001 Par Value;
    9,668,224 & 8,500,000; Shares Issued
    & Outstanding Respectively                             9,668         8,500
  Additional Paid In Capital (Deficit)                   991,665        (7,167)
  Common Stock Subscribed                                231,731             -
  Deficit Accumulated in the Development Stage        (1,020,489)       (3,384)
  Less: Treasury Stock                                (1,000,000)            -
                                                    -------------   ------------

       Total Stockholders' Equity                       (787,425)       (2,051)
                                                    -------------   ------------

       Total Liabilities & Stockholders' Equity     $     32,455    $    1,333
                                                    =============   ============



     The  accompanying  notes are an integral part of these financial statements


                                       3

<PAGE>

<TABLE>
<CAPTION>
                                 Petapeer Holdings, Inc.
                              (A Development Stage Company)
                                 Statement of Operations
                         For the Years Ended December 31, and
                Accumulated from November 30, 2000 to December 31, 2001

                                                           Deficit
                                                         Accumulated
                                                         During the
                                                         Development
                                   2001         2000        Stage
                               -----------  -----------  -----------
<S>                            <C>          <C>          <C>

Revenues                       $        -   $        -   $       -
--------                       -----------  -----------  -----------

Expenses
--------
  General & Administrative        408,644           17     408,661
  Depreciation & Amortization      14,738            -      14,738
  Legal Fees                      122,047          647     122,694
  Salaries & Benefits             306,488            -     306,488
  Travel                           26,473        2,720      29,193
                               -----------  -----------  -----------

Total Expenses                    878,390        3,384     881,774
                               -----------  -----------  -----------

Operating Income (Loss)          (878,390)      (3,384)   (881,774)

Other Income (Expenses)
-----------------------
  Interest Expense                (11,138)           -     (11,138)
                               -----------  -----------  -----------

    Total Other Income
    (Expenses)                    (11,138)           -     (11,138)
                               -----------  -----------  -----------

    Net Loss                   $ (889,528)  $  (3,384)     (892,912)
                               ===========  ===========  ===========

    Loss Per Share             $    (0.09)  $   (0.01)

    Weighted Average Shares
    Outstanding                 9,376,168    8,500,000

</TABLE>


     The  accompanying  notes are an integral part of these financial statements

                                       4

<PAGE>

<TABLE>
<CAPTION>
                               Petapeer  Holdings,  Inc.
                            (A  Development  Stage  Company)
                          Statement  of  Stockholders'  Equity
                  From December 31, 2000 (Inception) to December 31, 2001

                                                                       Deficit
                                                Additional           Accumulated
                                              Common  Stock            Paid In
                                                                     During the
                                     Shares      Amount     Capital     Stage
                                    --------------------------------------------
<S>                                 <C>         <C>      <C>        <C>
Balance, December 31, 2000          8,500,000   $  8,500 $   (7,167)$    (3,884)

Net Asset Deficiency of EBUX, Inc.
  at Date of Reverse Take-Over                                         (127,577)

Shares Issued for Software Rights
  at $0.856 Per Share               1,168,224      1,168    998,832

Common Stock Subscriptions                                  221,731

Common Stock Subscriptions                                   10,000

Loss for the Year Ended
December 31, 2001                                                      (889,028)
                                    --------------------------------------------

Balance, December 31, 2001          9,668,224   $  9,668 $1,223,396 $(1,020,489)
                                    ============================================

</TABLE>


     The  accompanying  notes are an integral part of these financial statements

                                       5

<PAGE>

<TABLE>
<CAPTION>
                               Petapeer  Holdings,  Inc.
                           (A  Development  Stage  Company)
                               Statement  of  Cash  Flows
                     For  the  Years  Ended  December  31,  and
            Accumulated  from  November  30,  2000  to  December  31,  2001


                                                                      Deficit
                                                                    Accumulated
                                                                    During  the
                                                                    Development
                                               2001        2000        Stage
                                           -----------  ----------  ------------
<S>                                        <C>         <C>         <C>

Cash Flows from Operating Activities
------------------------------------
  Net Loss                                 $ (889,528) $  (3,384)  $  (892,912)
  Adjustment to Reconcile (Loss) to Net
  Cash Used by Operating Activities;
    Deficiency from Subsidiary               (127,577)         -      (127,577)
    Depreciation & Amortization                14,738          -        14,738
    Increase in Accounts Payable              559,233      3,384       562,617
    Increase in Interest Payable               16,267          -        16,267
                                           -----------  ----------  ------------

    Net Cash Provided (Used) by
    Operating Activities                     (426,867)         -      (426,867)

Cash Flows from Investing Activities
------------------------------------
  Payments for Technology Costs               (40,655)         -       (40,655)
  Payments for Computer Equipmen               (5,205)         -        (5,205)
                                           -----------  ----------  ------------
    Net Cash Provided (Used) by
    Investing Activities                      (45,860)         -       (45,860)

Cash Flows from Financing Activities
------------------------------------
  Proceeds from Stock Subscriptions           231,731          -       231,731
  Proceeds from Notes Payable                  99,422          -        99,422
  Proceeds from Related Party Notes           141,574          -       141,574
                                           -----------  ----------  ------------
    Net Cash Provided (Used) by
    Financing Activities                      472,727          -       472,727
                                           -----------  ----------  ------------

Net Increase (Decrease) in Cash                     -          -             -

Cash, Beginning of Period                           -          -             -
                                           -----------  ----------  ------------

Cash, End of Period                        $        -   $      -    $        -
                                           ===========  ==========  ============

</TABLE>

     The  accompanying  notes are an integral part of these financial statements

                                       6

<PAGE>


                             Petapeer  Holdings,  Inc.
                         (A  Development  Stage  Company)
                         Notes  to  Financial  Statements
                                 March  31,  2002

NOTE  1  -  Organization
------------------------

     The  Company  was organized on July 17, 1992 under the laws of the state of
Florida,  as American Financial Seminars, Inc.  On October 26, 1998, the Company
filed  an  Amendment  to  the  Articles  of  Incorporation  changing its name to
Environmental  Oil  Technologies,  Inc.  On  January  11,  1999, the Articles of
Incorporation  were  amended  changing  its name to American Industrial Minerals
Group,  Inc.  On  April  1,  1999, Articles of Amendment were filed changing the
name  to  NETWORTHUSA.Com.,  Inc.  On  September  28, 2000, the Company filed an
Amendment  to  the  Articles  of  Incorporation  changing its name to EBUX, Inc.
During the first quarter 2001, the Company filed an Amendment to the Articles of
Incorporation  changing  its  name  to  Petapeer  Holdings,  Inc.

NOTE  2  -  Significant  Accounting  Policies
---------------------------------------------

A.   The  Company  uses  the  accrual  method  of  accounting.
B.   Revenues  and  directly  related expenses are recognized in the period when
     the  goods  are  shipped  to  the  customer.
C.   The  Company  considers  all short term, highly liquid investments that are
     readily  convertible,  within  three  months,  to  known  amounts  as  cash
     equivalents.  The  Company  currently  has  no  cash  equivalents.
D.   Basic  Earnings  Per  Shares  are  computed by dividing income available to
     common  stockholders  by  the  weighted  average  number  of  common shares
     outstanding during the period. Diluted Earnings Per Share shall be computed
     by  including contingently issuable shares with the weighted average shares
     outstanding  during the period. When inclusion of the contingently issuable
     shares would have an antidilutive effect upon earnings per share no diluted
     earnings  per  share  shall  be  presented.
E.   Depreciation:  The  cost  of property and equipment is depreciated over the
     estimated  useful  lives  of  the  related  assets.  The  cost of leasehold
     improvements is amortized over the lesser of the length of the lease of the
     related  assets  of  the  estimated  lives  of the assets. Depreciation and
     amortization  is  computed  on  the  straight  line  method.
F.   Estimates:  The  preparation of the financial statements in conformity with
     generally  accepted  accounting  principles  requires  management  to  make
     estimates and assumptions that affect the amounts reported in the financial
     statements  and  accompanying notes. Actual results could differ from those
     estimates.




                                   Continued

                                       7

<PAGE>

                             Petapeer  Holdings,  Inc.
                         (A  Development  Stage  Company)
                         Notes  to  Financial  Statements
                                 March  31,  2002

NOTE  3  -  Acquisition
-----------------------

Effective  February  2,  2001,  the  Company;

H.   acquired the worldwide rights to software application known as Gnotella for
     consideration  of  $1,000,000  payable  to the vendor, 3838421 Canada, Inc.
I.   granted  warrants  to  3838421  Canada  Inc.,  to acquire 13,300,000 common
     voting  shares of the Company. The warrants have no expiration date and are
     exercisable  at  a price of $1.625 per share. At June 30, 2001, no warrants
     have  been  exercised.
J.   granted  warrants  to  the shareholders of 3838421 Canada, Inc., to acquire
     6,700,000  common shares of EBUX, Inc., (the "Company"). Effective the same
     date,  a director of 3838421 Canda, Inc., was appointed as sole director of
     the  Company.  At  June  30,  2001,  no  warrants  have  been  exercised.

     Since  the  above  transactions  and  the  board  appointment result in the
shareholders  of  3838421  Canada, Inc., acquiring control of Petapeer Holdings,
Inc.,  the  transaction, which is referred to as a "reverse take-over", has been
treated  for  accounting  purposes as an acquisition by 3838421 Canada, Inc., of
the  net  assets  and liabilities of Petapeer Holdings, Inc. Under this purchase
method  of accounting, the results of the operations of Petapeer Holdings, Inc.,
are  included  in  the  combined  financial  statements  from February 22, 2001.

     The  reverse  acquisition  was  a  reorganization and recapitalization of a
private  operating  company  with a public development stage company in which no
goodwill  or  other  intangible assets were recorded as past of the transaction.
At  February  22,  2001,  Petapeer  had a deficit of $127,577, therefore, on the
granting  of  the  warrants to acquire 13,300,000 common shares of Petapeer, the
net asset deficiency was charged to deficit.  3838421 Canada, Inc., is deemed to
be  the  purchaser  of  Petapeer  for  accounting  purposes.

     Accordingly,  its  net  assets  are  included in the balance sheet at their
previously  recorded  amounts.  The  acquisition  is  summarized  as  follows;

     Current  Assets
         Cash                     $      512
                                  -----------
     Current Liabilities
         Accounts Payable             48,867
         Note Payable                 79,222
                                  -----------
                                     128,089
                                  -----------
           Net Asset Deficiency   $ (127,775)
                                  ===========


     All  inter-company  balances  and  transactions  have  been  eliminated  on
consolidation  including the transfer of the software license rights referred to
above.

                                   Continued

                                       8

<PAGE>

                             Petapeer  Holdings,  Inc.
                          (A  Development  Stage  Company)
                          Notes  to  Financial  Statements
                                  March  31,  2002


NOTE  4  -  Capital  Assets
---------------------------

                               December 30               December 31
                                   2001                      2000
                    -----------------------------------  -----------
                                Accumulated    Net Book   Net Book
                       Cost     Depreciation     Value      Value
                    ------------------------------------------------
Computer Software   $  2,883         577         2,306    $    -
Computer Hardware      2,322         464         1,858         -
                    ------------------------------------------------
                    $  5,205    $  1,041       $ 4,164    $    -
                    ================================================


NOTE  5  -  Commitments
-----------------------

i)   Pursuant  to  the  acquisition  to acquire the software rights, the Company
     will  enter  into  employment contract with certain directors and officers.
ii)  Pursuant  to  the  acquisition  agreement,  the Company may issue 1,000,000
     common  shares to certain minority shareholders of the Companies affiliated
     with  the  vendor  in  exchange for their shareholdings in those companies.
iii) The  Company  is required to pay a license fee equivalent to 20% of revenue
     earned  from  the  Gnotella  software,  plus 10% of financing proceeds to a
     company  with directors in common with the Company and 3838421 Canada, Inc.
     The  amount  is  payable  on  a  quarterly  basis.

NOTE  6  -  Share  Purchase  Warrants
-------------------------------------

     The  Company  issued 6,700,000 share purchase warrants to certain directors
and  officers  of  3838421  Canada,  Inc.,  at a price of $1.625 per share.  The
warrants  have no expiration date.  No compensation expense has been recorded on
the  granting of these warrants as the exercise price of each warrant equals the
fair  value  of the underlying common stock as of the grant date (A.P.B. Opinion
No  25).

     If  compensation expense had been recorded as calculated in accordance with
the  F.A.S.  No. 123, the Company's loss and loss per share for the twelve month
period  to  December  31,  2001  would  have  been increased as indicated below;

     Loss                        $(4,139,886)
     Loss Per Share                    (0.45)

     The  calculation  is  based  upon  the Black Scholes pricing model with the
following  assumptions;  dividend  yield,  Nil  percent  for all years; expected
volatility  of  152%; risk free interest rate of 5.25%, and expected life of two
years.


                                   Continued

                                       9

<PAGE>

                            Petapeer  Holdings,  Inc.
                        (A  Development  Stage  Company)
                        Notes  to  Financial  Statements
                                March  31,  2002

NOTE  7  -  Share  Capital
--------------------------

a)   On  April  16,  2001,  the  Company issued 1,168,224 common shares at a par
     value  of  $0.856  per  share  to  3838421  Canada,  Inc.,  the  Company's
     subsidiary,  in  satisfaction  of  debt  of  $1,000,000
b)   By a private offering memorandum, dated April 16, 2001, the Company intends
     to  raise  up  to  $2,000,000 by way of private placement. The Company will
     issue  2,851,604  common  shares  at  a  price  of  $0.70136 per share, and
     warrants entitling the holder to purchase one common share for each warrant
     held  at  a  price  of  $0.70136  per  share  for  a  one  year  period.

     As  of  September  30,  2001,  $231,731  has  been  received  by  way  of
subscriptions.

NOTE  8  -  Related  Party  Transactions
----------------------------------------

a)   During 2001, officers and shareholders of the Company loaned the Co9mpany a
     total  of  $141,574. The notes are unsecured, non interest bearing, and due
     on  demand.
b)   3838421  Canada,  Inc.,  entered into a technology license agreement, dated
     November  30, 2000, with a private placement company with common directors,
     whereby  it  acquired the rights to the technology subsequently transferred
     and  assigned  to  Petapeer  on  February  22,  2001.

Under  the terms of the agreement dated November 30, 2000, 3838421 Canada, Inc.,
undertook  to pay as consideration, 20% of revenue and 10% of financing receipts
to  the  private  company  (excluding  the financing proceeds referred to in the
agreement  of  February  22,  2000).

NOTE  9  -  Notes  Payable
--------------------------

     The  Company  has  the  following  note  payable  obligations:

                                                                         2001
                                                                    ------------
     Note payable to former officer due on demand, and unsecured,
       plus interest payable annually at 12%.                       $    5,000
     Note payable to former officer due on demand, and unsecured,
       plus interest payable annually at 12%                            74,222

     Not payable to an individual, non interest bearing, unsecured,
       and due on demand.                                               20,200
                                                                    ------------
                                                                    $   99,422
                                                                    ============

     The amount of interest accrued to date on these notes is $16,267.

                                   Continued

                                       10

<PAGE>


                             Petapeer  Holdings,  Inc.
                          (A  Development  Stage  Company)
                          Notes  to  Financial  Statements
                                  March  31,  2002

NOTE  10  -  Going  Concern
---------------------------

     The  Company's  financial  statements are prepared using generally accepted
accounting  principles  applicable  to  a  going  concern which contemplates the
realization  of  assets  and  liquidation of liabilities in the normal course of
business.  Currently,  the  Company  does  not  have  significant  cash or other
material assets, nor does it have an established source of revenue sufficient to
cover  its  operating  costs  and  to  allow  it to continue as a going concern.

NOTE  11  -  Net  Earnings  (Loss)  Per  Share
----------------------------------------------

     Basic  earnings  (loss)  per  common  share  (BEPS)  is  based  on  the
weighted-average  number  of  common  shares  outstanding  during  each  period.
Diluted  earnings  (loss)  per  common  share  is  based  on  shares outstanding
(computed  as under BEPS) and dilutive potential common shares.  Shares from the
exercise  of  the  outstanding  warrants were not included in the computation of
diluted loss per share, because their inclusion would have been antidilutive for
the  years  ended  December  31,  2001  and  2000.

     The following data shows the shares used in computing loss per common share
including  dilutive  potential  common  stock;

Common shares outstanding during the entire period                    9,376,168

Weighted-average shares paid for, but not issued during the period            -
                                                                     -----------
                                                                      9,376,168
Weighted-average number of common shares used in basic EPS
    dilutive effect of warrants                                               -
                                                                     -----------
Weighted-average number of common shares and dilutive potential
    common shares used in diluted EPS                                 9,376,168
                                                                     ===========

                                   Continued

                                       11

<PAGE>

                            Petapeer  Holdings,  Inc.
                       (A  Development  Stage  Company)
                       Notes  to  Financial  Statements
                                 March  31,  2002

NOTE  12  -  Income  Taxes
--------------------------

     The  Company  adopted  Statement of Financial Accounting Standards No. 109,
"Accounting  for  Income  Taxes", in the fiscal year ended December 31, 2000 and
has  applied  the provisions of the statement to the current year which resulted
in  no  significant  adjustment.

     Statement of Financial Accounting Standards No. 109, "Accounting for Income
Taxes",  requires  an  asset and liability approach for financial accounting and
reporting  for income tax purposes.  This statement recognizes (a) the amount of
taxes  payable  or  refundable  for  the  current  year  and  (b)  deferred  tax
liabilities  and  assets  for  future  tax consequences of events that have been
recognized  in  the  financial  statements  or  tax  returns.

     Deferred  income taxes result from temporary differences in the recognition
of accounting transactions for tax and financial reporting purposes.  There were
no  temporary differences at December 31, 2001 and earlier year; accordingly, no
deferred  tax  liabilities  have  bee  recognized  for  all  years.

     The Company has cumulative net operating loss carryforwards over $1,000,000
at  December 31, 2001.  No effect has been shown in the financial statements for
the  net  operating  loss  carryforwards as the likelihood of future tax benefit
from  such  net  operating  loss  carryforwards  is  not presently determinable.
Accordingly, the potential tax benefits of the net operating loss carryforwards,
estimated  based upon current tax rates at December 31, 2001 have been offset by
valuation  reserves  in  the  same  amount.




                                       12


<PAGE>

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

The  Company  has  had  no  changes  in or disagreements with its accountants on
accounting  or  financial  disclosures.


                                    PART III

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

The  following  information sets forth the name of the sole officer and director
of  the  Company,  his  present positions with the Company, and his biographical
information.

Name                         Office(s)  Held
----------------             -----------------
Rodger  Brulotte             Director  and  CEO

Terms  of  Office

Directors  of the Company are appointed for a one year term to hold office until
the  next  annual  meeting of the holders of the Company's common stock or until
removed  from  office in accordance with the Company's by-laws.  Officers of the
Company  are appointed by the Company's board of directors and hold office until
removed  by  the  Company's  board  of  directors.

Rodger  Brulotte

Prior  to  joining  the  Company,  Mr.  Brulotte  worked with the Montreal Expos
baseball  team  for  over  30 years.  During this time, he played many different
roles  from  promotions  coordinator  to  radio  broadcaster.  As  promotions
coordinator,  Mr.  Brulotte managed the Expos' social events and implemented the
very  first  ticket  sales  department  done  by  phone in the United States and
Canada.  Mr.  Brulotte  also  worked closely with Harrison Erickson, the company
responsible  for the conception of the Seseme Street characters, to develop  the
Expos'  mascot, Youppie.  During his time with the Expos, Mr. Broulotte also was
a  part  of  the  team  recognized for the best marketing of the year in 1980 in
Major League Baseball.  Mr. Broulotte became a broadcaster for the Expos in 1984
for  the  Montreal  French  radio  networks.

Section  16(a)  Beneficial  Ownership  Reporting  Compliance

To the best knowledge of the Company there were four reports required by section
16(a)  of  the  Exchange Act during the most recent fiscal year that were either
not  filed  or  not  filed  on  a  timely  basis.  Otherwise, the Company has no
knowledge  of  any  transactions  that are required to be reported that were not
reported.


<PAGE>
ITEM  10.     Executive  Compensation

No officer or director of the Company received any cash or non-cash compensation
from the Company during the fiscal year ended December 31, 2001.  It is possible
that  some  officers  and  directors  will  claim  that  they  were  entitled to
compensation  for  the  year  or  that  compensation for the year was accrued or
should  have  been  accrued  by the Company.  The Company does not know what the
total  of  such  accrual  claims  might  be.

ITEM  11.     Security  Ownership  of  Certain  Beneficial Owners and Management

The  following  table  sets forth, as of May 17, 2002, information regarding the
beneficial  ownership  of shares by each person known by the Company to own five
percent  or  more of the outstanding shares, by each of the directors and by the
officers  and  by  the  directors  and  officers  as  a  group.



NAME  AND  ADDRESS  OF              SHARES OWNED BENEFICIALLY            PERCENT
BENEFICIAL  OWNER                                 AND  OF  RECORD
OF  CLASS

<TABLE>
<CAPTION>

NAME AND ADDRESS OF              SHARES  OWNED  BENEFICIALLY      PERCENT
BENEFICIAL OWNER                 AND OF RECORD                    OF CLASS
-------------------              ---------------------------      -----------
<S>                              <C>                              <C>
383421 Canada Inc.               1,168,224                         12.1%
1170 Peel floor 6
c/o:  Peter Martin
Montreal, QC
H3V 4S8

Crosswinds Holdings Inc.         1,500,000                         15.5%
Providence House
East Hill Street
Nassau, Bahamas

AS-B & CIE S.A.                  2,500,000                         25.9%
9 rue des Alpes
P.O. Box 1023
CH-1211 Geneve 1
Switzerland

Robert Lockwood                    900,000                          9.3%
12746 Campbell Place
Surrey, British Columbia
V3V 6C8
</TABLE>

(1)  Based on 9,668,224 shares outstanding, if a person listed on this table has
     the right to obtain  additional  shares of common stock within 60 days from
     February 12, 2002, the additional  shares are deemed to be outstanding  for
     the purpose of computing the  percentage of the class owned by such person,
     but are not  deemed to be  outstanding  for the  purpose of  computing  the
     percentage  of  any  other  person.


<PAGE>

ITEM  12.     Certain  Relationships  and  Related  Transactions.

Except  as noted below, none of the following persons has any direct or indirect
material  interest  in any transaction to which the Company is a party since the
beginning  of  the  fiscal  year  ended  December  31,  2000, or in any proposed
transaction  to  which  the  Company  is  proposed  to  be  a  party:

(A)     any  director  or  officer;

(B)     any  proposed  nominee  for  election  as  a  director;

(C)     any  person  who  beneficially  owns,  directly  or  indirectly,  shares
        carrying  more  than  5%  of  the voting rights attached to our
        common stock; or

(D)     any  relative or spouse of any of the foregoing persons, or any relative
        of  such  spouse,  who has the same house as such person or who is a
        director or officer  of  any  parent  or  subsidiary.

On  February  22, 2001, 3838421 Canada Inc., a Canadian corporation ("3838421"),
sold,  transferred  and assigned to the Company, its exclusive worldwide license
to  use  and  commercialize the client software known as the Gnotella Client and
its  trademark  license  associated  therewith. Mr. Stephane Chouinard, the sole
officer  and director of the Company at the time was also the CEO and a director
of  3838421.  Mr.  Chouinard  became an officer and director of the Company as a
condition  of  the  3838421  transaction.  In  the  transaction,  Mr.  Chouinard
received  a beneficial interest in warrants for the purchase of 5,333,333 common
shares  of the Company at the exercise price of $1.625 per share.  Mr. Chouinard
did  not  receive any benefit in the transaction that was not shared pro rata by
all  shareholders  of  3838421.  Mr. Chouinard has since renounced his warrants.

ITEM  13.     Exhibits,  Financial  Statement  Schedules and Reports on Form 8-K

Exhibits

Exhibit  2.1:                 Acquisition  Agreement  (1)
Exhibit  3.1:                 Articles  of  Incorporation  (2)
Exhibit  3.2:                 Articles  of  Amendment  filed  June  4,  1998 (2)
Exhibit  3.3:                 Articles  of  Amendment filed October 26, 1998 (2)
Exhibit  3.4:                 Articles  of  Amendment filed January 11, 1999 (2)
Exhibit  3.5:                 Articles  of  Amendment  filed  April  1, 1999 (2)
Exhibit  3.6:                 Articles of Amendment filed September 28, 2000 (3)
Exhibit  3.7:                 By-laws  (3)
Exhibit  21.1:                Subsidiaries  of  Registrant  (3)
----------------
(1)  Previously filed as an exhibit to the Company's filing on Form 8-K on March
9,  2001.
(2)  Previously  filed  as  an  exhibit to the Company's filing on Form 10-SB on
October  13,  1999.
(3)  Previously  filed  as  an exhibit to the Company's filing on Form 10-KSB on
April  2,  2001.

Reports  on  Form  8-K

<PAGE>

The  Company  filed no reports on Form 8-K during the last quarter of the fiscal
year  ended  December  31,  2000,  the  period  covered  by  this  report.


                                   SIGNATURES

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

Studio  Bromont  Inc.


By:  /s/ Rodger Brulotte
     ___________________________________
     Rodger Brulotte, CEO

     Date:     May  17,  2002


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


By:  /s/ Rodger Brulotte
     ___________________________________
     Rodger Brulotte,  Sole  Director,
     Principal  Executive  Officer,
     Principal  Financial  Officer,  and
     Principal  Accounting  Officer

     Date:     May  17,  2002