SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8K
Current Report Pursuant to
Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April
22, 1996
AGTsports, Inc.
(Exact Name of Issuer as specified in its charter)
Colorado__ ___0-21914___ _______84-
1022287______
(State or other (Commission (IRS
Employer File Number)
jurisdiction of File No.)
incorporation)
6890 S. Tucson Way, Suite 202
Englewood,
Colorado 80112_______________________
(Address of principal executive offices zip code)
(303) 792-5000
(Registrant's telephone number, including area code)
FORM 8K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934
Item 1. Changes in Control of Registrant.
Not Applicable
Item 2. Acquisition or Disposition of Assets.
Not Applicable
Item 3. Bankruptcy or Receivership.
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable
Item 5. Other Events.
The management of AGTsports (Australia) Limited, a
wholly owned subsidiary of the Registrant, has been
successful in raising some funds under the Prospectus
Offering filed with the Australian Securities Commission but
has been unable to raise sufficient amounts to reach the
minimum required amount to break escrow. As a result,
Management of the Registrant and of the Subsidiary have
decided to close the offering as of April 19, 1996 and all
money received will be returned forthwith. Management of
both Companies are formulating an alternative plan to provide
sufficient funding for the Subsidiary to begin to sell and
install computer systems. The timing of the implementation
of an alternative plan will be in part influenced by the
Australian Securities Laws. There can be no assurances by
Management of either Company of the success of this
alternative plan.
Item 6. Resignation of Registrant's Directors.
Not Applicable
Item 7. Financial Statements, Pro Forma Financial
Information
and Exhibits.
Not Applicable
Item 8. Change in Fiscal Year.
Not Applicable
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.
AGTsports, Inc.
By: /s/ T. Alan Walls___
T. Alan Walls
President
Dated: April 22, 1996
