UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Hear USA Inc.
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(Name of Issuer)
Common Shares
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(Title of Class of Securities)
4223601
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(CUSIP Number)
Pierre Bourgie, 1980 Rene-Levesque Blvd West, Montreal, Quebec, Canada, H3H 1R6
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 11, 2002
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because rule 240.13d-1(e), 240.13d-1(f ), or 240.13d-1(g ), check the
following box ( )
1. Names of Reporting Persons
Montreal Partners - Limited Partnership
2. Check the appropriate box if a member of a group ( )
3. SEC Use Only
4. Source of Funds WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e) ( )
6. Citizenship or Place of Organization
1980 Rene-Levesque Blvd West, Montreal, Quebec, Canada, H3H 1R6
7. Sole Voting Power 1 591 650
8. Shared Voting Power 0
9. Sole Dispositive Power 1 591 650
10. Shared Dispositive Power 0
11. Aggregate Amount Beneficially Owned by Each Reporting Person 1 591 650
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares ( )
13. Percent of Class Represented by Amount in Row (11) 5,8%
14. Type of Reporting Person PN
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Item 1. Security and Issuer
This Form 13D relates to common shares of Hear USA Inc., headquartered at 1250
North Point Parkway, West Palm Beach, Florida 33408.
Item 2. Identity and Background
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(a) Name Montreal Partners - LP
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(b) Business address 1980 Rene-Levesque Blvd. West
Montreal, Quebec, Canada H3H 1R6
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(c) Principal business Investment Fund
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(d) Criminal Proceedings During the last five years, neither the
Reporting Person nor any executive
officer or director of the Reporting
Person has been convicted in any
criminal proceeding.
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(e) Civil Proceedings During the last five years, neither the
Reporting Person nor any executive
officer or director of the Reporting
Person has been party to any civil
proceeding of a judicial or
administrative body of competent
jurisdiction as a result of which such
person was or is subject to any
judgment, decree or final order
enjoining future violations of, or
prohibiting or mandating activities
subject to, Federal or State securities
laws or finding any violation with
respect to such laws.
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(f) Citizenship Canadian
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Please find below the information required by this item 2 with respect to
the General Partners of Montreal Partners - LP:
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(a) Name Pierre Bourgie
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(b) Business address 1980 Rene-Levesque Blvd. West
Montreal, Quebec, Canada H3H 1R6
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(c) Principal occupation President, Montreal Partners
President and CEO, Societe Financiere
Bourgie
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(d) Criminal Proceedings During the last five years, Pierre
Bourgie has not been convicted in any
criminal proceeding.
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(e) Civil Proceedings During the last five years, Pierre
Bourgie has not been party to any civil
proceeding of a judicial or
administrative body of competent
jurisdiction as a result of which such
person was or is subject to any
judgment, decree or final order
enjoining future violations of, or
prohibiting or mandating activities
subject to, Federal or State securities
laws or finding any violation with
respect to such laws.
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(f) Citizenship Canadian
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(a) Name Michel Labadie
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(b) Business address 90 Beaubien West Suite 101
Montreal, Quebec H2S 1V6
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(c) Principal occupation Treasurer, Montreal Partners
President and CEO, Les Pros de la Photo
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(d) Criminal Proceedings During the last five years, Michel
Labadie has not been convicted in any
criminal proceeding.
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(e) Civil Proceedings During the last five years, Michel
Labadie has not been party to any civil
proceeding of a judicial or
administrative body of competent
jurisdiction as a result of which such
person was or is subject to any
judgment, decree or final order
enjoining future violations of, or
prohibiting or mandating activities
subject to, Federal or State securities
laws or finding any violation with
respect to such laws.
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(f) Citizenship Canadian
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(a) Name Benoit La Salle
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(b) Business address 750, Marcel Laurin Bureau 390
Saint-Laurent, Quebec H4M 2M4
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(c) Principal occupation Secretary, Montreal Partners
President, Semafo Inc.
Partner, Groupe La Salle & Associes
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(d) Criminal Proceedings During the last five years, Benoit La
Salle has not been convicted in any
criminal proceeding.
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(e) Civil Proceedings During the last five years, Benoit La
Salle has not been party to any civil
proceeding of a judicial or
administrative body of competent
jurisdiction as a result of which such
person was or is subject to any
judgment, decree or final order
enjoining future violations of, or
prohibiting or mandating activities
subject to, Federal or State securities
laws or finding any violation with
respect to such laws.
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(f) Citizenship Canadian
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Item 3. Source and Amount of Funds or Other Considerations.
Shares of Hear USA were obtained as a result of the company's merger with Helix,
Hearing Care of America, a Canadian-based company in which the cost of our
investment made in February 1999 and November 2000 totaled CDN$5 915 000.
Item 4. Purpose of transaction
Montreal Partners - LP made its investment in Helix Hearing Care of America
through a private placement as part of its regular investment activities. Helix
merged with Hear USA on July 11, 2002.
Item 5. Interest in Securities of the Issuer
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Montreal Pierre Bourgie Michel Labadie Benoit La Salle
Partners - LP
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a) Number of shares 1 591 650 76 045 751 612 0
beneficially owned
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a) % of the class of 5,8% 0,3% 2,7% 0
securities
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b) Sole voting power 1 591 650 76 045 751 612 0
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b) Shared voting power 0 0 0 0
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b) Sole dispositive power 1 591 650 76 045 751 612 0
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b) Shared dispositive power 0 0 0 0
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c) Transactions past 60 days n.a. n.a. n.a. n.a.
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d) n.a. n.a. n.a. n.a.
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e) n.a. n.a. n.a. n.a.
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Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Not applicable
Item 7. Material to Be Filed as Exhibits
Not applicable