UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------- 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): JULY 29, 2004 ADVANCED MATERIALS GROUP, INC. (Exact name of registrant as specified in its Charter) NEVADA 0-16401 33-0215295 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 11420 MATHIS AVENUE, DALLAS, TEXAS 75234 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (972) 432-0602 20211 S. SUSANA ROAD, RANCHO DOMINGUEZ, CALIFORNIA 90221 (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE Advanced Materials Group, Inc. (OTC:ADMG.PK) ("ADMG") announces today that its filing with the Securities and Exchange Commission of its quarterly report on Form 10-Q for the quarter ended May 31, 2004 is being delayed while ADMG conducts an internal review. The internal review involves a potential foreign tax liability that may materially affect ADMG's financial statements. ADMG is working to quantify and determine the impact, if any, of this potential liability on its current and prior periods' financial statements. 2 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. Dated: July 29, 2004 ADVANCED MATERIALS GROUP, INC. By: /S/ ROBERT E. DELK --------------------------------- Robert E. Delk Chief Executive Officer 3