UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

  |X| QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                                     OF 1934

                  For the quarterly period ended June 30, 2006

       |_| TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

                   For the transition period ended __________

                        Commission file number: 000-51046


                              PETRAMERICA OIL, INC.
                              ---------------------
                 (Name of Small Business Issuer in its charter)



            Colorado                                           84-1039067
            --------                                           ----------
(State or other jurisdiction of                             (I.R.S. Employer
incorporation or organization)                              Identification No.)

                           One Harbor Drive, Suite 300
                           Sausalito, California 94965
                            -------------------------
                    (Address of principal executive offices)

                                 (415) 339-4600
                                 --------------
                (Issuer's telephone number, including area code)


Indicate by check mark whether the Issuer (1) has 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 periods that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes |X| No |_|

                      APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practical date:

Common Stock, No Par Value, 2,087,910 shares as of June 30, 2006.




<PAGE>


                          PART I. FINANCIAL INFORMATION

Item 1. Financial Statements
<TABLE>
<CAPTION>
                              PETRAMERICA OIL, INC.
                          (a Development Stage Company)

                                 Balance Sheets

                                                                 June 30,   December 31,
                                                                   2006         2005
                                                                 ---------   -----------
                                                                (Unaudited)  (See Note 1)
                                     Assets
Current assets
<S>                                                              <C>          <C>
    Cash                                                         $   7,202    $     229
                                                                 ---------    ---------

                          Total current assets                       7,202          229
                                                                 ---------    ---------

Total assets                                                     $   7,202    $     229
                                                                 ---------    ---------

                     Liabilities and Stockholders' (Deficit)

Current Liabilities
     Accounts payable                                            $  15,402    $    604
     Accrued interest payable                                          604          239
     Loans payable, related parties                                 24,000        8,000
                                                                 ---------    ---------

                           Total current liabilities                40,006        8,843
                                                                 ---------    ---------


Stockholders' (deficit)
     Preferred stock, no par value, 2,000,000 shares                    --           --
        authorized, none issued and outstanding

     Common stock, no par value, 20,000,000 shares
        authorized, 2,087,910 shares issued and outstanding        250,370      250,370
     Accumulated deficit during development stage                  (88,483)     (64,293)
     Accumulated deficit                                          (194,691)    (194,691)
                                                                 ---------    ---------


                            Total stockholders' (deficit)          (32,804)      (8,614)
                                                                 ---------    ---------



Total liabilities and stockholders' (deficit)                    $   7,202    $     229
                                                                 ---------    ---------
</TABLE>



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


                                       -1-

<PAGE>


                              PETRAMERICA OIL, INC.
                          (a Development Stage Company)
                            Statements of Operations
                                   (unaudited)



                                                For the Three   For the Three
                                                Months Ended     Months Ended
                                                  June 30,         June 30,
                                                    2006             2005
                                                ------------    ------------


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

Operating Expenses
   Audit and accounting fees                          1,700          1,350
   Legal Fees                                        14,563            828
   Shareholder expenses                                 690            619
   Other general & administrative expense               490            379


                                               ------------    ------------
        Total operating expenses                     17,443           3,177
                                                ------------    ------------

Other (expense)

    Interest (expense)                                 (203)            (37)
                                                ------------    ------------
Net (loss)                                      $   (17,646)   $     (3,214)
                                                ============    ============


Loss per share                                  $      (.01)    $        Nil
                                                ============    ============


Weighted average number of shares outstanding      2,087,910       2,087,910
                                                ============    ============



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

                                       -2-


<PAGE>

<TABLE>
<CAPTION>



                              PETRAMERICA OIL, INC.
                          (a Development Stage Company)
                            Statements of Operations
                                   (unaudited)

                                                                                 Period from
                                                                                March 25, 2002
                                                                                 (date of new
                                                 Six Months     Six Months       development
                                                    Ended         Ended           stage) to
                                               June 30, 2006  June 30, 2005     June 30, 2006
                                                -----------    -----------      --------------
<S>                                             <C>            <C>              <C>
Revenues                                        $        --    $        --      $        --

Operating Expenses
   Audit and accounting fees                          5,700          1,650           29,936
   Legal Fees                                        15,928         10,828           41,282
   Shareholder expenses                               1,687          2,677           15,819
   Other general & administrative expense               510            973              842
                                                -----------    -----------      -----------

   Total Operating Expenses                          23,825         16,128           87,879

Net Operating Loss                                  (23,825)       (16,128)         (87,879)

Other (Expense)
   Interest (Expense)                                  (365)           (37)            (604)
                                                -----------    -----------      -----------

Net Loss                                        $   (24,190)   $   (16,165)     $   (88,483)
                                                ===========    ===========      ===========


Loss per Share                                  $     (0.01)   $     (0.01)           (0.04)
                                                ===========    ===========      ===========


Weighted Average Number of Shares Outstanding     2,087,910      2,087,910        2,087,910
                                                ===========    ===========      ===========

</TABLE>


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


                                       -3-

<PAGE>
<TABLE>
<CAPTION>
                              PETRAMERICA OIL, INC.
                          (a Development Stage Company)
                            Statements of Cash Flows
                                   (unaudited)
                                                                                        Period from
                                                                    For the Six        March 25, 2002
                                                                    Months Ended        (date of new
                                                                      June 30            development
                                                                ---------------------     stage) to
                                                                   2006       2005      June 30, 2006
                                                                ---------   ---------   ---------------
<S>                                                             <C>         <C>         <C>
Cash flows from operating activities
     Net (loss)                                                 $(24,190)   $(16,165)   $       (88,483)
     Adjustments to reconcile net loss to net cash used in
        operating activities
          Changes in assets and liabilities
               Accounts payable                                   15,163         887             11,685
                                                                --------    --------    ---------------


                  Net cash (used in) operating activities         (9,027)    (15,278)           (76,798)
                                                                --------    --------    ---------------


Cash flows from financing activities

      Proceeds from loans payable, related parties                16,000       8,000             24,000

      Paid-in-Capital                                                 --          --             60,000
                                                                --------    --------    ---------------


                    Net cash provided by financing activities     16,000       8,000             84,000
                                                                --------    --------    ---------------


Net increase (decrease) in cash                                    6,973      (7,278)             7,202


Cash - beginning of period                                           229      13,081                 --
                                                                --------    --------    ---------------

Cash - end of period                                            $  7,202    $  5,803    $         7,202
                                                                ========    ========    ===============

Cash paid for interest                                          $     --    $     --    $            --
                                                                ========    ========    ===============

Cash paid for income taxes                                      $     --    $     --    $            --
                                                                ========    ========    ===============
</TABLE>


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


                                       -4-
<PAGE>

                              PETRAMERICA OIL, INC.
                          (a Development Stage Company)
                          Notes to Financial Statements
                            June 30, 2006 (Unaudited)



Note 1- Unaudited Financial Statements
--------------------------------------

The balance sheets as of June 30, 2006, the statements of operations and the
statements of cash flows for the six month periods ended June 30, 2006 and 2005
have been prepared by Petramerica Oil, Inc. (Company) without audit, pursuant to
the rules and regulations of the Securities and Exchange Commission. Certain
information and footnote disclosures, normally included in the financial
statements prepared in accordance with accounting principles generally accepted
in the United States of America, have been condensed or omitted as allowed by
such rules and regulations, and the Company believes that the disclosures are
adequate to make the information presented not misleading. In the opinion of
management, all adjustments (which include only normal recurring adjustments)
necessary to present fairly the financial position, results of operations and
changes in financial position at June 30, 2006 and for all periods presented,
have been made.

It is suggested that these statements be read in conjunction with the December
31, 2005 audited financial statements and the accompanying notes included in
Form 10-KSB, filed with the Securities and Exchange Commission.


Note 2- Description of Business and Summary of Significant Accounting Policies
------------------------------------------------------------------------------

Petramerica Oil, Inc. (the Company) was incorporated in the State of Colorado on
September 22, 1986. The Company was formed to pursue oil and gas activities in
the Rocky Mountain region, but has been primarily involved in raising capital
and has not conducted any significant operations since inception. The Company
intends to evaluate, structure and complete a merger with, or acquisition of,
prospects consisting of private companies, partnerships or sole proprietorships.
The Company may seek to acquire a controlling interest in such entities in
contemplation of later completing an acquisition.

The Company is a start-up company that has not had any significant revenue since
inception. The Company realized a net loss of approximately $ 70,837 during the
period from March 25, 2002 (date of new development stage) through June 30,
2006, and there is no assurance that the Company will generate revenue or earn
profit in the future. Effective March 25, 2002 (date of new development stage),
the Company commenced activities to become current in reporting with the SEC
with the intention to become a publicly trading company.

The Company has been economically dependent on its officers and directors to
fund operations. In order to meet its liquidity needs during the next fiscal
year, the Company will receive additional financing from its officers, directors
and stockholders.

Cash
----

The Company considers all highly liquid instruments purchased with an original
maturity of three months or less to be cash equivalents. The Company continually
monitors its positions with, and the credit quality of, the financial
institutions with which it invests.


                                       -5-
<PAGE>
Use of Estimates
----------------

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities, disclosures of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses during
the reporting period. Actual results could differ from those estimates.


Note 3 - Going Concern
----------------------

The accompanying financial statements have been prepared in conformity with
generally accepted accounting principals in the United States of America, which
contemplates continuation of the Company as a going concern. However, the
Company has negative working capital and a stockholders' deficit and no active
business operations, which raises substantial doubt about its ability to
continue as a going concern.

In view of these matters, realization of certain of the assets in the
accompanying balance sheet is dependant upon continued operations of the
Company, which in turn is dependent upon the Company's ability to meet its
financial requirements, raise additional capital, and the success of its future
operations.

The Company has been economically dependant on its officers and directors to
fund operations. In order to meet its liquidity needs during the next fiscal
year, the Company will receive additional financing from its officers, directors
and stockholders. Management believes that this plan provides an opportunity for
the Company to continue as a going concern.


Note 4 - Stockholders' Equity
-----------------------------

During the period from September 22, 1986 (inception) through March 15, 1989,
the Company issued an aggregate of 85,910,000 (pre-split) shares of the
Company's common stock to investors for proceeds of $188,270, net of offering
costs.

In January 1993, the stockholders of the Company approved a decrease in the
number of authorized shares of common stock from 300,000,000 shares to
20,000,000 and approved a change in par value of the Company's common stock from
$.00001 per share to $.05 per share. The stockholders also authorized the
issuance of 2,000,000 shares of preferred stock with a $.10 par value. The
stockholders also approved a 1,000-for-1 reverse stock split of existing
outstanding common shares, resulting in 85,910 shares of the Company's common
stock issued and outstanding after the split.

In October 1996, the Company issued an aggregate of 2,002,000 shares of the
Company's common stock for proceeds of $2,100.

On March 25, 2002, a director of the Company entered into a Stock Purchase
Agreement (the Agreement) to sell 2,002,460 shares of the Company's common stock
to new investors for consideration of $30,000, representing approximately 95.9%
of the Company's outstanding common shares. In connection with the Agreement,
the two existing directors of the Company resigned, and three new directors were
appointed.



                                       -6-
<PAGE>

During 2002, the Company received an additional $30,000 of capital from existing
stockholders. No shares were issued by the Company in connection with this
funding, and the transactions have been recorded as a $30,000 increase to
paid-in capital.

During 2002, the Company amended their articles of incorporation to change the
par value of the common stock from $.05 to no par value and the par value of the
preferred stock from $.10 to no par value. The accompanying financial statements
reflect this change for all periods presented.

During 2004, the Company received an additional $30,000 of capital from existing
stockholders. No shares were issued by the Company in connection with this
funding and the transactions have been recorded as a $30,000 increase to paid in
capital.

Note 5 - Note Payable, Related Party
------------------------------------

During May 2005, the Company borrowed $8,000 from a related party. The note is
uncollateralized, bears interest at 5% per annum, and matures in May 2007.

During February 2006, the Company borrowed $8,000 from a related party. The note
is uncollateralized, bears interest at 5% per annum, and matures in February
2007.

During June 2006, the Company borrowed $8,000 from a related party. The note is
uncollateralized, bears interest at 5% per annum, and matures in June 2007.

Note 6 - Subsequent Event
-------------------------

On July 10, 2006, the Company exchanged, pursuant to an Exchange Agreement with
Triton Distribution Systems, Inc. ("Triton"), an aggregate of 36,754,041 shares
of its common stock (comprised of 17,848,408 shares of common stock and
convertible preferred stock convertible on August 17, 2006 into 18,905,632
shares of common stock) for all 29,550,000 shares of the outstanding common
stock of Triton based upon an exchange rate of 1.2437916 shares of the Company
for each share of Triton. Following the closing of the Exchange Agreement, there
were 38,441,951 shares of the Company's common stock outstanding and Triton
became a wholly-owned subsidiary of the Company. This transaction is being
accounted for as a reverse acquisition because the former controlling
shareholders of Triton are now the controlling shareholders of the Company.










                                       -7-
<PAGE>

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

Results of Operations
---------------------

Six Months Ended June 30, 2006 compared with Six Months Ended June 30, 2005

     No operating revenues were generated during the six months ended June 30,
2006 and June 30, 2005. Operating expenses increased by $ 7,697 to $ 23,825 for
the six months ended June 30, 2006. The increased operating expenses resulted
principally from increased professional fees paid in 2006 as compared with 2005.
The Company's net loss increased to $ 24,190 for the six months ended June 30,
2006 compared to $ 16,165 for the six months ended June 30, 2005.

Liquidity and Capital Resources
-------------------------------

     As of June 30, 2006, the Company had a working capital deficit of
($32,804), compared to working capital deficit of $($8,614) at December 31,
2005.

     The Company does not have sufficient funds to continue its operating
activities. Future operating activities are expected to be funded by loans from
major shareholders.


Item 3.   Controls and Procedures

     Within 90 days prior to the date of filing of this report, we carried out
an evaluation, under the supervision and with the participation of our officers
and directors, including our Chief Executive Officer and Chief Financial
Officer, of the design and operation of our disclosure controls and procedures.
Based on this evaluation, our Chief Executive Officer and Chief Financial
Officer have concluded that our disclosure controls and procedures are effective
for the gathering, analyzing and disclosing the information we are required to
disclose in the reports we file under the Securities Exchange Act of 1934,
within the time periods specified in the SEC's rules and forms. There have been
no significant changes in our internal controls or in other factors that could
significantly affect internal controls subsequent to the date of this
evaluation.

     Our management does not expect that our disclosure controls or internal
controls over financial reporting will prevent all errors or all instances of
fraud. A control system, no matter how well designed and operated, can provide
only reasonable, not absolute, assurance that the control system's objectives
will be met. Further, the design of a control system must reflect the fact that
there are resource constraints, and the benefits of controls must be considered
relative to their costs. Because of the inherent limitations in all control
systems, no evaluation of controls can provide absolute assurance that all
control issues and instances of fraud, if any, within our company have been
detected. These inherent limitations include the realities that judgments in
decision-making can be faulty, and that breakdowns can occur because of simple
error or mistake. Because of the inherent limitation of a cost-effective control
system, misstatements due to error or fraud may occur and not be detected.



                                       -8-
<PAGE>



PART II. OTHER INFORMATION

Item 1.   Legal Proceedings

          None

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

          None

Item 3.   Defaults upon Senior Securities

          None

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

          None

Item 5.   Other Information

          None

Item 6.  Exhibits and Reports on Form 8-K

         (a)  Exhibit 31 - Certification pursuant to Section 302 of the
              Sarbanes-Oxley Act of 2002

         (b)  Exhibit 32 - Certification pursuant to 18 U.S.C. Section 1350 as
              adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.


Date:    August 3, 2006                        PETRAMERICA OIL, INC.
                                                  (Registrant)


                                               /s/ Gregory Lykiardopoulos
                                               --------------------------
                                               Gregory Lykiardopoulos
                                               Chief Executive Officer




                                       -9-
<PAGE>