FORM 8-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 26, 1996
Advanced Materials Group, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
0-16401 33-0215295
(Commission File Number) (I.R.S. Employer Identification No.)
20211 South Susana Road, Rancho Dominguez, California 90221
(Address of principal executive offices)
Registrant's telephone number, including area code: (310) 537-5444
Item 5. Other Events.
On December 3, 1996 Advanced Materials Group, Inc. announced that its largest
operating subsidiary, Advanced Materials, Inc., (AMI), successfully negotiated a
three-year, $5 million credit facility with Wells Fargo Bank. The secured line
was effective November 27. Availability under the credit line is based on
accounts receivable, inventory and capital equipment. Interest is prime plus two
percent. The new line replaces AMI's prior secured line with Concord Growth,
which expired on November 1. The interest rate on the line with Concord Growth
was prime plus four percent.
Advanced Materials Group, Inc. intends for the new credit facility to fund
working capital requirements in response to the Company's rapid growth and to
continue expansion, which may include the acquisition of complementary
businesses.
In connection with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, Advanced Materials Group, Inc. (the "Company") is
hereby filing cautionary statements identifying important factors that could
cause the Company's actual results to differ materially from those projected in
forward looking statements of the Company made by, or on behalf of the Company.
Item 7. Financial Statements and Exhibits.
The following is filed as an Exhibit to this Report.
Exhibit Number 99
Description
Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private
Securities Litigation Reform Act of 1995.
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 thereunto duly authorized.
Advanced Materials Group, Inc.
(Registrant)
Date: December 3, 1996 By: /s/ J. Douglas Graven
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J. Douglas Graven
Vice President and
Chief Financial Officer