PRO-FORMA CONSOLIDATED FINANCIAL STATEMENTS 

STUDIO BROMONT, INC. 

(formerly Petapeer Holdings, Inc) 

December 31 st , 2002 

Unaudited 

Studio Bromont, Inc. 

[Incorporated under the General Corporation law of Florida] 

PRO-FORMA CONSOLIDATED BALANCE SHEET 

As of December 31, 2002 

                                                                                                                                                  Studio Bromont, Inc                               Vectoria,Inc                                   Combined 

ASSETS 

Current assets 

Cash                                                                                                                               -                               20,829                              20,829 

Accounts receivable                                                                                                                                             -                                       -                                                    - 

Prepaid expenses                                                                                                              -                                        -                                       - 

                                                                                                                                                                                  -                               20,829                               20,829 

Fixed assets                                                                                                                                                           -                              899,651                             899,651 

Goodwill                                                                                                                                                                 -                                        -                                                     - 

Capital asset                                                                                                                   -                                        -                                        - 

                                                                                                                                                                                 -                              920,480                             920,480 

LIABILITIES 

Accounts payable and accrued liabilities                                                                      666,512                          2,094,551                          2,761,063 

Accrued Interest                                                                                                                                                     -                                      -                                       - 

Current portion of obligations under capital leases                                                                                          -                             180,219                            180,219 

                                                                                                                                                                      666,512                          2,274,770                         2,941,282 

Obligations under capital leases                                                                                                                        -                             321,693                            321,693 

Due to parent company                                                                                                       -                             269,311                             269,311 

Due to an administrator                                                                                                     -                             130,000                             130,000 

Shareholders’ equity 

Capital stock                                                                                                                                                 13,703                                  100                               13,803 

Retained earnings                                                                                                   (680,215)                        (2,075,394)                         (2,755,609) 

                                                                                                                                                                   (666,512)                         (2,075,294)                         (2,741,806) 

                                                                                                                                                                                 -                              920,480                              920,480 

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Studio Bromont, Inc. 

PRO-FORMA CONSOLIDATED RETAINED EARNING 

As of December 31, 2002 

                                                                                                                                                               Studio Bromont, Inc                        Vectoria,inc                  Combined 

                                                                                                                                                                                 [12 months]                     [12 months] 

Balance, beginning the year                                                                                               (112,893)                       357,201               244,308 

Net Earnings                                                                                                                                                          (567,322)                    (2,432,595)          (2,999,917) 

Balance, end of year                                                                                                                                            (680,215)                   (2,075,394)           (2,755,609) 

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Studio Bromont, Inc. 

PRO-FORMAT CONSOLIDATED STATEMENTS OF INCOME 

As of December 31, 2002 

                                                                                                                                                                                Studio Bromont, Inc                Vectoria,inc                   Combined 

                                                                                                                                                                                               [12 months]                  [12 months] 

Sales                                                                                                                                                                                                      -                   378,812                378,812 

Operating expenses                                                                                                                                 -                   879,120                879,120 

Earnings before the following items                                                                                                                                               -                  (500,308)              (500,308) 

Expenses 

Administrative expenses                                                                                                                 536,200                 1,848,180             1,025,487 

Financial expenses                                                                                                                                                                   31,122                     84,107                  18,687 

                                                                                                                                                                                                  567,322                1,932,287              1,053,174 

Earnings from continuing operations                                                                                                         -                                       -             (1,058,516) 

Earnings from discontinued operations                                                                                                      -                                       -                 (358,017) 

Gain on disposal of subsiduaries                                                                                                               -                             -                  875,206 

Net earnings                                                                                                                              (567,322)               (2,432,595)                (2,999,917) 

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STUDIO BROMONT INC 8-K