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) January 19, 1998
                                                         -----------------


                                 AGTsports, Inc.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)



         Colorado                    0-21914                    84-1022287
         --------                    -------                    ----------
(State of incorporation)    (Commission File Number)    (IRS Employer ID number)



               5031 S. Ulster Street, Suite 205, Denver, CO 80237
               --------------------------------------------------
               (Address of principal executive office) (Zip code)


                                 (303) 220-8686
                                 --------------
              (Registrant's telephone number, including area code)




<PAGE>
                                    Form 8-K
                                    --------

                                 Current Report
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


Item 1.        Changes in Control of Registrant.
               ---------------------------------
                        See Item 5 below

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.
               -------------

               On January 12,  1998,  the Company  accepted the  resignation  of
               outside  director,  Mr.  Joe Lee,  of Denver  Colorado,  from the
               Company's Board of Directors.  The Company received a letter from
               Mr. Lee explaining that increased  activity  concerning his other
               business  commitments  necessitated  his  departure  from the AGT
               board.  The Company  commended  Mr. Lee for his  contribution  of
               service as a former director of AGTsports, Inc.

               On  January  7,  1998,  the  Board of  Directors  of the  Company
               appointed an audit committee and a compensation committee for the
               purpose  of  establishing  policy and  reporting  to the Board on
               audit  and  compensation  related  issues.  The  members  of both
               committees elected were outside directors Mr. James C. McGill and
               Mr. Louis F. Coppage.




<PAGE>


                                   SIGNATURES
                                   ----------



Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  Registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, thereunto duly authorized on this 19h day of January,
1998.

                                                      
                                         By:    /s/  Cory J. Coppage 
                                                --------------------------------
                                                     Cory J. Coppage
                                                     Secretary and Treasurer

Dated: January 19, 1998
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 3828}]
{"company-data": {"conformed-name": "AGTSPORTS INC", "cik": "0000791118", "assigned-sic": "6770", "irs-number": "841165916", "state-of-incorporation": "CO", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21914", "film-number": "98509657"}, "business-address": {"street1": "621 17TH STREET", "street2": "SUITE 1730", "city": "DENVER", "state": "CO", "zip": "80202", "phone": "(303) 297-8686"}, "mail-address": {"street1": "P O BOX 620", "city": "TAMPA", "state": "FL", "zip": "33601"}, "former-company": [{"former-conformed-name": "ULTRATECH KNOWLEDGE SYSTEMS INC", "date-changed": "19920703"}, {"former-conformed-name": "AMERICAN MERGER CONTROL INC /CO/", "date-changed": "19900823"}, {"former-conformed-name": "AMERICAN FINANCIAL HOLDING GROUP INC", "date-changed": "19890213"}]}
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) January 19, 1998
                                                         -----------------

                                 AGTsports, Inc.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)

         Colorado                    0-21914                    84-1022287
         --------                    -------                    ----------
(State of incorporation)    (Commission File Number)    (IRS Employer ID number)

               5031 S. Ulster Street, Suite 205, Denver, CO 80237
               --------------------------------------------------
               (Address of principal executive office) (Zip code)

                                 (303) 220-8686
                                 --------------
              (Registrant's telephone number, including area code)
Form 8-K
                                    --------

                                 Current Report
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Item 1.        Changes in Control of Registrant.
               ---------------------------------
                        See Item 5 below

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.
               -------------

               On January 12,  1998,  the Company  accepted the  resignation  of
               outside  director,  Mr.  Joe Lee,  of Denver  Colorado,  from the
               Company's Board of Directors.  The Company received a letter from
               Mr. Lee explaining that increased  activity  concerning his other
               business  commitments  necessitated  his  departure  from the AGT
               board.  The Company  commended  Mr. Lee for his  contribution  of
               service as a former director of AGTsports, Inc.

               On  January  7,  1998,  the  Board of  Directors  of the  Company
               appointed an audit committee and a compensation committee for the
               purpose  of  establishing  policy and  reporting  to the Board on
               audit  and  compensation  related  issues.  The  members  of both
               committees elected were outside directors Mr. James C. McGill and
               Mr. Louis F. Coppage.
SIGNATURES
                                   ----------

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  Registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, thereunto duly authorized on this 19h day of January,
1998.

                                                      
                                         By:    /s/  Cory J. Coppage 
                                                --------------------------------
                                                     Cory J. Coppage
                                                     Secretary and Treasurer

Dated: January 19, 1998