SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
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November 3, 2005
AMERICAN CONSOLIDATED MANAGEMENT GROUP, INC.
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(Exact name of registrant as specified in its charter)
Utah 0-20642 87-0375093
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(State or other jurisdiction (Commission file number) (IRS employer
of incorporation) identification no.)
714 Fairview Road, Greer, South Carolina 29651
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(Address of principal executive offices) (Zip code)
(864) 848-1900
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2.below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13c-4(c)
This document contains a total of 18 pages.
Item 1.01 Entry into a Material Definitive Agreement
On November 3, 2005, American Consolidated Management Group, Inc.
entered into two convertible loan agreements. Each loan agreement was for the
principal amount of $25,000, interest accrues under the arrangements at the rate
of twelve percent per annum, and all principal and interest is due and payable
in a single balloon payment on the one year anniversary of the agreements. In
addition, the amounts owing under the loans is convertible into common stock at
the rate of one share of common stock for every $.20 that is converted. The loan
proceeds will be used for working capital and other corporate purposes.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
On November 3, 2005, American Consolidated Management Group, Inc.
entered into two convertible loan agreements. These arrangements are described
in Item 1.01.
Item 9.01 Financial Statements and Exhibits
a. Financial statements of businesses acquired
Not applicable.
b. Pro forma financial information
Not applicable.
c. Exhibits
Number Description
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10.1 Convertible Loan Agreement by and between the Company
and Thomas J. Van Deren, dated November 3, 2005
10.2 Convertible Loan Agreement by and between the Company
and William Steven Van Deren, dated November 3, 2005
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 hereunto duly authorized.
AMERICAN CONSOLIDATED MANAGEMENT GROUP, INC.
(Registrant)
Date: November 4, 2005 By /s/ Ed Rensi
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Ed Rensi CEO
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