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<P style="margin-top:0pt; margin-bottom:-11pt; line-height:11pt; font-family:Times New Roman; font-size:9pt">As filed with the Securities and Exchange Commission on April 20, 2005</P>
<P style="margin:0pt; text-indent:416.75pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt">Registration No. 333-</P>
<P style="margin:0pt; padding-top:1pt; line-height:32pt; font-family:Times New Roman; font-size:18pt; border-top:1.5pt solid #000000" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt; border-bottom:1.5pt solid #000000" valign=top width=198><P style="margin-top:3.65pt; margin-bottom:0pt; line-height:7.5pt; font-family:Times New Roman; font-size:11pt" align=center><B>Washington, D.C. 20549</B></P>
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<P style="margin-top:6pt; margin-bottom:0pt; line-height:8pt; font-family:Times New Roman; font-size:12pt" align=center>FORM S-8</P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></P>
<P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>HEALTH SCIENCES GROUP, INC.</P>
<P style="margin:0pt; line-height:9.45pt; font-family:Times New Roman TUR; font-size:8.5pt" align=center><B>(Exact Name of Registrant as Specified in its Charter)</B></P>
<P style="margin:0pt; font-family:Times New Roman TUR; font-size:8.5pt" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt" valign=top width=224><P style="margin:0pt; font-family:Times New Roman" align=center><B>Colorado</B></P>
<P style="margin:0pt; line-height:8.65pt; font-family:Times New Roman; font-size:8pt" align=center><B>(State or other jurisdiction of incorporation or organization)</B></P>
</TD><TD style="padding:0pt" valign=top width=216><P style="margin:0pt; font-family:Times New Roman" align=center><B>91-2709221</B></P>
<P style="margin:0pt; line-height:8.65pt; font-family:Times New Roman; font-size:8pt" align=center><B>(I.R.S. Employer </B></P>
<P style="margin:0pt; line-height:8.65pt; font-family:Times New Roman; font-size:8pt" align=center><B>Identification Number)</B></P>
</TD><TD style="padding:0pt" valign=top width=204><P style="margin:0pt; font-family:Times New Roman" align=center><B>2833</B></P>
<P style="margin:0pt; line-height:8.65pt; font-family:Times New Roman; font-size:8pt" align=center><B>(Primary Standard Industrial Classification Code Number)</B></P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Howard Hughes Center</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>6080 Center Dr., 6<SUP>th</SUP> Floor</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Los Angeles, California 90045</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>(310) 242-6700</P>
<P style="margin:0pt; line-height:9.45pt; font-family:Times New Roman; font-size:8.5pt" align=center>(Address of Principal Executive Offices and Zip Code)</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt; border-bottom:1.5pt solid #000000" valign=top width=198>&nbsp;</TD></TR>
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<P style="margin-top:6pt; margin-bottom:0pt; line-height:14pt; font-family:Times New Roman; font-size:10pt" align=center>Fred E. Tannous</P>
<P style="margin:0pt; line-height:10.35pt; font-family:Times New Roman" align=center>Chief Executive Officer</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Howard Hughes Center</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>6080 Center Dr., 6<SUP>th</SUP> Floor</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Los Angeles, California 90045</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>(310) 242-6700</P>
<P style="margin:0pt; line-height:9.45pt; font-family:Times New Roman; font-size:8.5pt" align=center>(Name, Address, including Zip Code, and Telephone Number, including Area Code, of Agent for Service)</P>
<P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt; border-bottom:1.5pt solid #000000" valign=top width=198>&nbsp;</TD></TR>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>HEALTH SCIENCES GROUP, INC.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>2003 STOCK OPTION, DEFERRED STOCK</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>AND RESTRICTED STOCK PLAN</P>
<P style="margin:0pt; line-height:10.5pt; font-family:Times New Roman; font-size:8.5pt" align=center>(Full Title of the Plans)</P>
<P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt; border-bottom:1.5pt solid #000000" valign=top width=198>&nbsp;</TD></TR>
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<P style="margin-top:2.5pt; margin-bottom:4.15pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Copies to</P>
<P style="margin:0pt; line-height:9.15pt; font-family:Times New Roman" align=center>Leib Orlanski, Esq.</P>
<P style="margin:0pt; line-height:9.15pt; font-family:Times New Roman" align=center>Kirkpatrick, Lockhart, Nicholas &amp; Graham LLP</P>
<P style="margin:0pt; line-height:9.15pt; font-family:Times New Roman" align=center>10100 Santa Monica Blvd., 7th Floor</P>
<P style="margin:0pt; line-height:9.15pt; font-family:Times New Roman" align=center>Los Angeles, CA &nbsp;90067</P>
<P style="margin:0pt; line-height:9.15pt; font-family:Times New Roman" align=center>Telephone (310) 552-5000</P>
<P style="margin:0pt; line-height:9.15pt; font-family:Times New Roman" align=center>Facsimile (310) 552-5001</P>
<P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt; border-bottom:1.5pt solid #000000" valign=top width=198>&nbsp;</TD></TR>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Approximate date of proposed sales pursuant to the plan: From time to time after the effective date of this Registration Statement.</P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>CALCULATION OF REGISTRATION FEE</B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt; border-left:0.75pt solid #FFFFFF; border-top:3pt double #000000; border-right:0.75pt solid #FFFFFF; border-bottom:1pt solid #000000" valign=bottom width=273.333><P style="margin:0pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt" align=center><B>Title of securities to be registered</B></P>
</TD><TD style="padding:0pt; border-top:3pt double #000000; border-right:0.75pt solid #FFFFFF; border-bottom:1pt solid #000000" valign=bottom width=98.133><P style="margin:0pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt" align=center><B>Amount to be registered</B></P>
</TD><TD style="padding:0pt; border-top:3pt double #000000; border-right:0.75pt solid #FFFFFF; border-bottom:1pt solid #000000" valign=bottom width=102.733><P style="margin:0pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt" align=center><B>Proposed maximum offering price </B></P>
<P style="margin:0pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt" align=center><B>per share(1)</B></P>
</TD><TD style="padding:0pt; border-top:3pt double #000000; border-right:0.75pt solid #FFFFFF; border-bottom:1pt solid #000000" valign=bottom width=97.333><P style="margin:0pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt" align=center><B>Proposed maximum aggregate offering price(1)</B></P>
</TD><TD style="padding:0pt; border-top:3pt double #000000; border-right:0.75pt solid #FFFFFF; border-bottom:1pt solid #000000" valign=bottom width=103.533><P style="margin:0pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt" align=center><B>Amount of registration fee(2)</B></P>
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<TR><TD style="padding:0pt; border-left:0.75pt solid #FFFFFF; border-right:1pt solid #000000; border-bottom:1pt solid #000000" valign=bottom width=273.333><P style="margin-top:0pt; margin-bottom:1.65pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt">Common Stock, $.001 par value</P>
</TD><TD style="padding:0pt; border-right:1pt solid #000000; border-bottom:1pt solid #000000" valign=bottom width=98.133><P style="margin-top:0pt; margin-bottom:1.65pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt" align=center>4,200,000</P>
</TD><TD style="padding:0pt; border-right:1pt solid #000000; border-bottom:1pt solid #000000" valign=bottom width=102.733><P style="margin-top:0pt; margin-bottom:1.65pt; text-indent:-14.4pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt" align=center>$1.18</P>
</TD><TD style="padding:0pt; border-right:1pt solid #000000; border-bottom:1pt solid #000000" valign=bottom width=97.333><P style="margin-top:0pt; margin-bottom:1.65pt; text-indent:-9.6pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>$ 4,956,000</P>
</TD><TD style="padding:0pt; border-right:0.75pt solid #FFFFFF; border-bottom:1pt solid #000000" valign=bottom width=103.533><P style="margin-top:0pt; margin-bottom:1.65pt; text-indent:-15pt; line-height:10.25pt; font-family:Times New Roman; font-size:9pt" align=center>$583.32</P>
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<TR><TD style="padding:0pt; border-left:0.75pt solid #FFFFFF; border-right:1pt solid #000000; border-bottom:3pt double #000000" valign=bottom width=273.333><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD style="padding:0pt; border-right:1pt solid #000000; border-bottom:3pt double #000000" valign=bottom width=98.133><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD style="padding:0pt; border-right:1pt solid #000000; border-bottom:3pt double #000000" valign=bottom width=102.733><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD style="padding:0pt; border-right:1pt solid #000000; border-bottom:3pt double #000000" valign=bottom width=97.333><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD style="padding:0pt; border-right:0.75pt solid #FFFFFF; border-bottom:3pt double #000000" valign=bottom width=103.533><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
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<P style="margin:0pt; padding-left:18pt; text-indent:-18pt; line-height:13pt; font-family:Times New Roman; font-size:10pt" >(1) Plus such additional number of shares as may hereafter become issuable pursuant to the 2003 Stock Option, Deferred Stock and Restricted Stock Plan of Health Sciences Group, Inc. (the &#147;Plan&#148;) in the event of a stock dividend, split-up of shares, recapitalization or other similar transaction without receipt of consideration which results in an increase in the number of shares outstanding.</P>
<P style="margin:0pt; padding-left:18pt; text-indent:-18pt; line-height:13pt; font-family:Times New Roman; font-size:10pt" >(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c)(h), based on the closing sale price of the Common Stock in the Over-the-Counter Bulletin Board on April 15, 05.</P>
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<P style="margin:0pt; font-family:Times New Roman" align=center>1</P>
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<P style="page-break-before:always; margin-top:4.15pt; margin-bottom:4.15pt; font-family:Times New Roman" align=center><B>REGISTRATION OF ADDITIONAL SHARES PURSUANT TO GENERAL INSTRUCTION E</B></P>
<P style="margin-top:4.15pt; margin-bottom:4.15pt; padding-right:-13.5pt; text-indent:36pt; font-family:Times New Roman">This registration statement on Form S-8 registers 865,850 additional shares of common stock automatically reserved for issuance under the Registrant&#8217;s 2003 Stock Option, Deferred Stock and Restricted Stock Plan pursuant to the terms of that plan. &nbsp;This registration statement on Form S-8 hereby incorporates by reference the contents of the Registrant&#8217;s registration statement on Forms S-8 filed with the Securities and Exchange Commission on January 19, 2005 (Registration No.&nbsp;333-122146).</P>
<P style="margin-top:4.15pt; margin-bottom:4.15pt; font-family:Times New Roman"><BR></P>
<A NAME="F06954SV8_HTM_000"></A><A NAME="FIS_EXPERTS"></A><P style="margin:0pt; font-family:Times New Roman" align=center><B>PART II </B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT <A NAME="FIS_DOCUMENTS_BY_REFERENCE"></A></B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><B>Item 3.</B></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman"><B>Incorporation of Documents by Reference. </B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">The following documents filed by the Registrant with the Securities and Exchange Commission (the &#147;Commission&#148;) are incorporated by reference in this Registration Statement: </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt" width=28.867>&nbsp;</TD><TD style="padding:0pt" valign=top width=20.133><P style="margin:0pt; font-family:Times New Roman">&#8226;</P>
</TD><TD style="padding:0pt" valign=top width=6.733><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;</P>
</TD><TD style="padding:0pt" valign=top width=618.267><P style="margin:0pt; font-family:Times New Roman">Our Annual Report on Form 10-KSB for the year ended December 31, 2004; and </P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt" width=28.867>&nbsp;</TD><TD style="padding:0pt" width=20.133><P style="margin:0pt; font-family:Times New Roman">&#8226;</P>
</TD><TD style="padding:0pt" width=6.733><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;</P>
</TD><TD style="padding:0pt" width=618.267><P style="margin:0pt; font-family:Times New Roman">Our Current Reports on Form 8-K filed on January 5, 2005, February 1, 2005, February 22, 2005, March 1, 2005 and March 21, 2005</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">In addition, all documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) (other than information furnished under Item 9 or Item 12 of any Form 8-K that is listed above or under Item 2.02 or Item 7.01 of any Form 8-K filed after October 26, 2004, or that is filed in the future and is not deemed filed under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered hereby have been sold or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. </P>
<A NAME="FIS_SECURITIES_DESCRIPTION"></A><P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><B>Item 4.</B></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman"><B>Description of Securities. </B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">Not applicable. </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><B>Item 5.</B></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman"><B>Interests of Named Experts and Counsel. </B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<A NAME="FIS_INDEMNIFICATION"></A><P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">Not applicable. </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><B>Item 6.</B></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman"><B>Indemnification of Directors and Officers. </B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:36pt; font-family:Times New Roman">Under the General Corporation Law of the State of Colorado, we can indemnify our directors and officers against liabilities they may incur in such capacities, including liabilities under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;). &nbsp;Our certificate of incorporation provides that, pursuant to Colorado law, our directors shall not be liable for monetary damages for breach of the directors&#8217; fiduciary duty of care to us and our stockholders. &nbsp;This provision in the certificate of incorporation does not eliminate the duty of care, and in appropriate circumstances equitable remedies such as injunctive or other forms of nonmonetary relief will remain available under Colorado law. &nbsp;In addition, each director will continue to be subject to liability for breach of the director&#8217;s duty of loyalty to us or our stockholders, for acts or omissions not in good faith or involving intentional misconduct or knowing violations of the law, for actions leading to improper personal benefit to the director, and for payment of dividends or approval of stock repurchases or redemptions that are unlawful under Colorado law. &nbsp;The provision also does not affect a director&#8217;s responsibilities under any other law, such as the federal securities laws or state or federal environmental laws.</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">Our bylaws provide for the indemnification of our directors and officers to the fullest extent permitted by the Colorado General Corporation Law. &nbsp;We are not, however, required to indemnify any director or officer in connection with any (a) unlawful misappropriation of corporate assets, (b) disclosure of confidential information or (c) any other breach of <A NAME="_Aci_Pg3"></A>such director or executive officer&#8217;s duty to us or our stockholders. &nbsp;We are required to advance, prior to the final disposition of any proceeding, promptly on request, all expenses incurred by any director or executive officer in connection with that proceeding on receipt of an undertaking by or on behalf of that director or executive officer to repay those amounts if it should be determined ultimately that he or she is not entitled to be indemnified under our bylaws or otherwise.</P>
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<P style="margin:0pt; font-family:Times New Roman" align=center>2</P>
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<P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><B>Item 7.</B></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman"><B>Exemption from Registration Claimed.</B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">Not applicable. </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><B>Item 8.</B></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman"><B>Exhibits.</B></P>
<P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt" width=32>&nbsp;</TD><TD style="padding:0pt" valign=bottom width=8.8>&nbsp;</TD><TD style="padding:0pt" width=579.267>&nbsp;</TD></TR>
<TR><TD style="padding:0pt" valign=bottom width=32><P style="margin:0pt; font-family:Times New Roman"><B><U>No. </U></B></P>
</TD><TD style="padding:0pt" valign=bottom width=8.8><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="padding:0pt" valign=bottom width=579.267><P style="margin:0pt; font-family:Times New Roman"><B><U>Description </U></B></P>
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<TR><TD style="padding:0pt" valign=top width=32><P style="margin-top:4.15pt; margin-bottom:4.15pt; padding-left:12pt; text-indent:-12pt; font-family:Times New Roman">4.1 </P>
</TD><TD style="padding:0pt" valign=bottom width=8.8><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="padding:0pt" valign=bottom width=579.267><P style="margin:0pt; font-family:Times New Roman">Health Sciences Group, Inc. 2003 Stock Option, Deferred Stock and Restricted Stock Plan (Incorporated by reference to Exhibit 4 to our Registration Statement on Form S-8 filed with the Commission on January 19, 2005). </P>
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<TR><TD style="padding:0pt" valign=top width=32><P style="margin-top:4.15pt; margin-bottom:4.15pt; padding-left:12pt; text-indent:-12pt; font-family:Times New Roman">5.1* </P>
</TD><TD style="padding:0pt" valign=bottom width=8.8><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="padding:0pt" valign=bottom width=579.267><P style="margin:0pt; font-family:Times New Roman">Opinion and consent of Koff, Corn &amp; Berger, P.C. </P>
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<TR><TD style="padding:0pt" valign=top width=32><P style="margin-top:4.15pt; margin-bottom:4.15pt; padding-left:12pt; text-indent:-12pt; font-family:Times New Roman">23.1* </P>
</TD><TD style="padding:0pt" valign=bottom width=8.8><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="padding:0pt" valign=bottom width=579.267><P style="margin:0pt; font-family:Times New Roman">Consent of Koff, Corn &amp; Berger, P.C. (included in Exhibit 5.1)</P>
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<TR><TD style="padding:0pt" valign=top width=32><P style="margin-top:4.15pt; margin-bottom:4.15pt; padding-left:12pt; text-indent:-12pt; font-family:Times New Roman">23.2* </P>
</TD><TD style="padding:0pt" valign=bottom width=8.8><P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="padding:0pt" valign=bottom width=579.267><P style="margin:0pt; font-family:Times New Roman">Consent of Stonefield Josephson, Inc. </P>
</TD></TR>
</TABLE>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt" width=620.067 height=8><P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:10pt">__________</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:10pt">* &nbsp;filed herewith</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;</P>
<A NAME="FIS_UNDERTAKINGS"></A><P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><B>Item 9.</B></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman"><B>Undertakings. </B></P>
<P style="margin:0pt; font-family:Times New Roman">&nbsp;&nbsp;</P>
<A NAME="F06954SV8_HTM_001"></A><A NAME="FIS_EXHIBITS"></A><P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">The undersigned Registrant hereby undertakes:</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; text-indent:-36pt; font-family:Times New Roman">(1)</P>
<P style="margin:0pt; padding-left:72pt; font-family:Times New Roman">To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</P>
<P style="margin:0pt; padding-left:72pt; text-indent:-36pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; font-family:Times New Roman">(a)</P>
<P style="margin:0pt; padding-left:72pt; text-indent:36pt; font-family:Times New Roman">to include any prospectus required by Section 10(a)(3) of the Securities Act;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:108pt; text-indent:-36pt; font-family:Times New Roman">(b)</P>
<P style="margin:0pt; padding-left:108pt; font-family:Times New Roman">to reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective &nbsp;amendment hereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. &nbsp;Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b), if in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering &nbsp;price set forth in the &nbsp;&#147;Calculation &nbsp;of the Registration &nbsp;Fee&#148; table in the effective registration statement.</P>
<P style="margin:0pt; padding-left:72pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:108pt; text-indent:-36pt; font-family:Times New Roman">(c)</P>
<P style="margin:0pt; padding-left:108pt; font-family:Times New Roman">to include any material information with respect to the plan of distribution &nbsp;not previously &nbsp;disclosed in this Registration &nbsp;Statement or any material &nbsp;change to such information in this Registration Statement; provided, however, that the undertakings set forth in paragraph (a) and (b) above shall not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) that are incorporated by reference in this Registration Statement.</P>
<P style="margin:0pt; padding-left:18pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; text-indent:-36pt; font-family:Times New Roman">(2)</P>
<P style="margin:0pt; padding-left:72pt; font-family:Times New Roman">That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<A NAME="_Aci_Pg4"></A><P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; text-indent:-36pt; font-family:Times New Roman">(3)</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:72pt; font-family:Times New Roman">To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of this offering.</P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:36pt; font-family:Times New Roman">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. &nbsp;In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.</P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:36pt; font-family:Times New Roman">The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this Registration Statement in reliance upon Rule 430A and contained in a form of prospectus filed by the Registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act of 1933 shall be deemed to be part of this Registration Statement as of the time it was declared effective. &nbsp;For the purpose of determining any liability under the Securities Act of 1933, each post-effective that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
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<P style="page-break-before:always; margin:0pt; font-family:Times New Roman" align=center><B>SIGNATURES </B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman" align=justify>Pursuant to the requirements of the Securities Act of 1933, as amended, Health Sciences Group, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement on Form S-8 to be signed on its behalf by the undersigned, hereunto duly authorized, in the City of Los Angeles, California on the 20th day of April, 2005. </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:288pt; font-family:Times New Roman">HEALTH SCIENCES GROUP, INC. </P>
<P style="margin:0pt; padding-left:288pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:288pt; font-family:Times New Roman">By:</P>
<P style="margin:0pt; padding-left:288pt; text-indent:36pt; font-family:Times New Roman">&nbsp;<U>/s/ Fred E. Tannous </U></P>
<P style="margin:0pt; padding-left:288pt; text-indent:36pt; font-family:Times New Roman">Fred E. Tannous </P>
<P style="margin:0pt; padding-left:288pt; text-indent:36pt; font-family:Times New Roman">Chief Executive Officer, </P>
<P style="margin:0pt; padding-left:288pt; text-indent:36pt; font-family:Times New Roman">Principal Financial Officer, Co-Chairman </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated. </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD style="padding:0pt" valign=top width=246><P style="margin:0pt; padding-left:4.4pt; font-family:Times New Roman">SIGNATURE </P>
</TD><TD style="padding:0pt" valign=top width=254.733><P style="margin:0pt; font-family:Times New Roman">TITLE </P>
</TD><TD style="padding:0pt" valign=top width=117><P style="margin:0pt; font-family:Times New Roman" align=center>DATE </P>
</TD><TD style="padding:0pt" valign=top>&nbsp;</TD></TR>
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<P style="margin:0pt; padding-left:4.4pt; line-height:14pt; font-family:Times New Roman; font-size:10pt"><U>/s/ &nbsp;FRED E. TANNOUS </U></P>
<P style="margin:0pt; padding-left:4.4pt; font-family:Times New Roman">Fred E. Tannous </P>
</TD><TD style="padding:0pt" valign=top width=254.733><P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">Co-Chairman, Chief Executive Officer, and Principal Financial Officer </P>
</TD><TD style="padding:0pt" valign=top width=117><P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>April 20 2005 </P>
</TD><TD style="padding:0pt" valign=top>&nbsp;</TD></TR>
<TR><TD style="padding:0pt" valign=top width=246><P style="margin:0pt; padding-left:4.4pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:4.4pt; font-family:Times New Roman"><U>/s/ &nbsp;BILL GLASER </U></P>
<P style="margin:0pt; padding-left:4.4pt; font-family:Times New Roman">Bill Glaser </P>
</TD><TD style="padding:0pt" valign=top width=254.733><P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">Co-Chairman and President </P>
</TD><TD style="padding:0pt" valign=top width=117><P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>April 20 2005</P>
</TD><TD style="padding:0pt" valign=top>&nbsp;</TD></TR>
<TR><TD style="padding:0pt" valign=top width=246><P style="margin:0pt; padding-left:4.4pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:4.4pt; font-family:Times New Roman"><U>/s/ &nbsp;DUKE BEST </U></P>
<P style="margin:0pt; padding-left:4.4pt; font-family:Times New Roman">Duke Best </P>
</TD><TD style="padding:0pt" valign=top width=254.733><P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">Controller </P>
</TD><TD style="padding:0pt" valign=top width=117><P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>April 20 2005</P>
</TD><TD style="padding:0pt" valign=top>&nbsp;</TD></TR>
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HEALTH SCIENCES GROUP INC REGISTRATION STATEMENT ON FORM S-8
As filed with the Securities and Exchange Commission on April 20, 2005
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
HEALTH SCIENCES GROUP, INC.
(Exact Name of Registrant as Specified in its Charter)
Colorado
(State or other jurisdiction of incorporation or organization)
91-2709221
(I.R.S. Employer
Identification Number)
2833
(Primary Standard Industrial Classification Code Number)
Howard Hughes Center
6080 Center Dr., 6
th
Floor
Los Angeles, California 90045
(310) 242-6700
(Address of Principal Executive Offices and Zip Code)
Fred E. Tannous
Chief Executive Officer
Howard Hughes Center
6080 Center Dr., 6
th
Floor
Los Angeles, California 90045
(310) 242-6700
(Name, Address, including Zip Code, and Telephone Number, including Area Code, of Agent for Service)
HEALTH SCIENCES GROUP, INC.
2003 STOCK OPTION, DEFERRED STOCK
AND RESTRICTED STOCK PLAN
(Full Title of the Plans)
Copies to
Leib Orlanski, Esq.
Kirkpatrick, Lockhart, Nicholas & Graham LLP
10100 Santa Monica Blvd., 7th Floor
Los Angeles, CA  90067
Telephone (310) 552-5000
Facsimile (310) 552-5001
Approximate date of proposed sales pursuant to the plan: From time to time after the effective date of this Registration Statement.
CALCULATION OF REGISTRATION FEE
Title of securities to be registered
Amount to be registered
Proposed maximum offering price
per share(1)
Proposed maximum aggregate offering price(1)
Amount of registration fee(2)
Common Stock, $.001 par value
4,200,000
$1.18
$ 4,956,000
$583.32
(1) Plus such additional number of shares as may hereafter become issuable pursuant to the 2003 Stock Option, Deferred Stock and Restricted Stock Plan of Health Sciences Group, Inc. (the "Plan") in the event of a stock dividend, split-up of shares, recapitalization or other similar transaction without receipt of consideration which results in an increase in the number of shares outstanding.
(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c)(h), based on the closing sale price of the Common Stock in the Over-the-Counter Bulletin Board on April 15, 05.
1
REGISTRATION OF ADDITIONAL SHARES PURSUANT TO GENERAL INSTRUCTION E
This registration statement on Form S-8 registers 865,850 additional shares of common stock automatically reserved for issuance under the Registrant's 2003 Stock Option, Deferred Stock and Restricted Stock Plan pursuant to the terms of that plan.  This registration statement on Form S-8 hereby incorporates by reference the contents of the Registrant's registration statement on Forms S-8 filed with the Securities and Exchange Commission on January 19, 2005 (Registration No. 333-122146).
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
The following documents filed by the Registrant with the Securities and Exchange Commission (the "Commission") are incorporated by reference in this Registration Statement:
•
Our Annual Report on Form 10-KSB for the year ended December 31, 2004; and
•
Our Current Reports on Form 8-K filed on January 5, 2005, February 1, 2005, February 22, 2005, March 1, 2005 and March 21, 2005
In addition, all documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) (other than information furnished under Item 9 or Item 12 of any Form 8-K that is listed above or under Item 2.02 or Item 7.01 of any Form 8-K filed after October 26, 2004, or that is filed in the future and is not deemed filed under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered hereby have been sold or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4.
Description of Securities.
Not applicable.
Item 5.
Interests of Named Experts and Counsel.
Not applicable.
Item 6.
Indemnification of Directors and Officers.
Under the General Corporation Law of the State of Colorado, we can indemnify our directors and officers against liabilities they may incur in such capacities, including liabilities under the Securities Act of 1933, as amended (the "Securities Act").  Our certificate of incorporation provides that, pursuant to Colorado law, our directors shall not be liable for monetary damages for breach of the directors' fiduciary duty of care to us and our stockholders.  This provision in the certificate of incorporation does not eliminate the duty of care, and in appropriate circumstances equitable remedies such as injunctive or other forms of nonmonetary relief will remain available under Colorado law.  In addition, each director will continue to be subject to liability for breach of the director's duty of loyalty to us or our stockholders, for acts or omissions not in good faith or involving intentional misconduct or knowing violations of the law, for actions leading to improper personal benefit to the director, and for payment of dividends or approval of stock repurchases or redemptions that are unlawful under Colorado law.  The provision also does not affect a director's responsibilities under any other law, such as the federal securities laws or state or federal environmental laws.
Our bylaws provide for the indemnification of our directors and officers to the fullest extent permitted by the Colorado General Corporation Law.  We are not, however, required to indemnify any director or officer in connection with any (a) unlawful misappropriation of corporate assets, (b) disclosure of confidential information or (c) any other breach of
such director or executive officer's duty to us or our stockholders.  We are required to advance, prior to the final disposition of any proceeding, promptly on request, all expenses incurred by any director or executive officer in connection with that proceeding on receipt of an undertaking by or on behalf of that director or executive officer to repay those amounts if it should be determined ultimately that he or she is not entitled to be indemnified under our bylaws or otherwise.
2
Item 7.
Exemption from Registration Claimed.
Not applicable.
Item 8.
Exhibits.
No.
Description
4.1
Health Sciences Group, Inc. 2003 Stock Option, Deferred Stock and Restricted Stock Plan (Incorporated by reference to Exhibit 4 to our Registration Statement on Form S-8 filed with the Commission on January 19, 2005).
5.1*
Opinion and consent of Koff, Corn & Berger, P.C.
23.1*
Consent of Koff, Corn & Berger, P.C. (included in Exhibit 5.1)
23.2*
Consent of Stonefield Josephson, Inc.
__________
*  filed herewith
Item 9.
Undertakings.
The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(a)
to include any prospectus required by Section 10(a)(3) of the Securities Act;
(b)
to reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective  amendment hereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement.  Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b), if in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering  price set forth in the  "Calculation  of the Registration  Fee" table in the effective registration statement.
(c)
to include any material information with respect to the plan of distribution  not previously  disclosed in this Registration  Statement or any material  change to such information in this Registration Statement; provided, however, that the undertakings set forth in paragraph (a) and (b) above shall not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") that are incorporated by reference in this Registration Statement.
(2)
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of this offering.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this Registration Statement in reliance upon Rule 430A and contained in a form of prospectus filed by the Registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act of 1933 shall be deemed to be part of this Registration Statement as of the time it was declared effective.  For the purpose of determining any liability under the Securities Act of 1933, each post-effective that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
3
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, Health Sciences Group, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement on Form S-8 to be signed on its behalf by the undersigned, hereunto duly authorized, in the City of Los Angeles, California on the 20th day of April, 2005.
HEALTH SCIENCES GROUP, INC.
By:
/s/ Fred E. Tannous
Fred E. Tannous
Chief Executive Officer,
Principal Financial Officer, Co-Chairman
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
SIGNATURE
TITLE
DATE
/s/  FRED E. TANNOUS
Fred E. Tannous
Co-Chairman, Chief Executive Officer, and Principal Financial Officer
April 20 2005
/s/  BILL GLASER
Bill Glaser
Co-Chairman and President
April 20 2005
/s/  DUKE BEST
Duke Best
Controller
April 20 2005
4