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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March 28, 2006
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 13 pages.
Item 1.01 Entry into a Material Definitive Agreement26
On and shortly after March 28, 2006, American Consolidated Management
Group, Inc. entered into eighteen convertible loan agreements with eighteen
accredited and sophisticated investors. Each loan agreement accrues interest at
the rate of twelve percent per annum, and all principal and interest is due and
payable in a single balloon payment on March 23, 2007. 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 or about March 28, 2006, American Consolidated Management Group,
Inc. entered into eighteen convertible loan agreements. These arrangements are
described in Item 1.01 which is hereby incorporated by reference.
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 Form of Convertible Loan Agreements with investors in
the aggregate principal amount of $275,000
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)
By /s/ Ed Rensi
Date: March 28, 2006 -------------------------
Ed Rensi
CEO
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