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) August 5, 1997
                                                         --------------



                                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 August 5, 1997, the Company completed an amendment to the
                    joint  venture  agreement of September  15, 1995 with Global
                    Links Trading, Ltd. (GLT), a major shareholder, and American
                    Consolidated  Growth Corporation (AMGC), a former affiliate.
                    The amendment was  precipitated by the Company's  previously
                    announced  management  decision  to  withdraw  from  foreign
                    markets for the short term and to focus  exclusively  on the
                    U.S. marketplace.  Under the terms of the amendment, GLT has
                    agreed to  surrender  6,850,000  shares of  AGTsports,  Inc.
                    common  stock  to  the  Company  in  return  for   receiving
                    1,000,000   non-voting   convertible   preferred  shares  of
                    AGTsports,  Inc. Each preferred  share is convertible at the
                    option  of GLT  into 2  voting  shares  of  AGTsports,  Inc.
                    restricted  common stock.  In addition to reducing the total
                    number  of  outstanding  free-trading  common  shares of the
                    Company,  the agreement  transfers  management duties of the
                    venture  and GLT's 15% share of future  venture  revenues to
                    AGTsports, Inc.

                    Although  management  can provide no assurance the effect of
                    the  amendment  will result in any specific  benefit for the
                    Company, in the view of management,  the potential long term
                    economic  benefits  over time may have a favorable  material
                    impact  on  the  Company's  ability  to  expand  its  market
                    presence,  thereby generating new sources of revenue for the
                    Company.

<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 5th day of August,
1997.

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

Dated: August 5, 1997
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 4748}]
{"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": "97651855"}, "business-address": {"street1": "P O BOX 620", "street2": "STE 202", "city": "TAMPA", "state": "FL", "zip": "33601", "phone": "8136613209"}, "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) August 5, 1997
                                                         --------------

                                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 August 5, 1997, the Company completed an amendment to the
                    joint  venture  agreement of September  15, 1995 with Global
                    Links Trading, Ltd. (GLT), a major shareholder, and American
                    Consolidated  Growth Corporation (AMGC), a former affiliate.
                    The amendment was  precipitated by the Company's  previously
                    announced  management  decision  to  withdraw  from  foreign
                    markets for the short term and to focus  exclusively  on the
                    U.S. marketplace.  Under the terms of the amendment, GLT has
                    agreed to  surrender  6,850,000  shares of  AGTsports,  Inc.
                    common  stock  to  the  Company  in  return  for   receiving
                    1,000,000   non-voting   convertible   preferred  shares  of
                    AGTsports,  Inc. Each preferred  share is convertible at the
                    option  of GLT  into 2  voting  shares  of  AGTsports,  Inc.
                    restricted  common stock.  In addition to reducing the total
                    number  of  outstanding  free-trading  common  shares of the
                    Company,  the agreement  transfers  management duties of the
                    venture  and GLT's 15% share of future  venture  revenues to
                    AGTsports, Inc.

                    Although  management  can provide no assurance the effect of
                    the  amendment  will result in any specific  benefit for the
                    Company, in the view of management,  the potential long term
                    economic  benefits  over time may have a favorable  material
                    impact  on  the  Company's  ability  to  expand  its  market
                    presence,  thereby generating new sources of revenue for the
                    Company.
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 5th day of August,
1997.

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

Dated: August 5, 1997