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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">UNITED
                  STATES</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">SECURITIES
                  AND EXCHANGE COMMISSION</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Washington,
                  D.C. 20549</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">FORM
                  8-K</font></div>
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                </div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">CURRENT
                  REPORT</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Pursuant
                  to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
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                </div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date
                  of Report (date of earliest event reported):&#160;&#160;December 27,
                  2007</font></div>
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              <td valign="top" width="79%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
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              <td valign="top" width="79%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <td colspan="5" valign="top" width="79%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: times new roman">AMS
                HEALTH SCIENCES, INC.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Exact
                name of registrant as specified in its charter)</font></div>
            </td>
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            <td colspan="2" valign="top" width="28%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
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              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">OKLAHOMA</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
                or other jurisdiction of incorporation)</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td colspan="2" valign="top" width="25%">
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              </div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
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                File Number)</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="26%">
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              </div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(I.R.S.
                Employer Identification No.)</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
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            <td colspan="4" valign="top" width="52%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
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            <td align="right" colspan="3" valign="top" width="50%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">711
                NE 39<font style="DISPLAY: inline; FONT-SIZE: 10pt">th </font>Street,
                Oklahoma City, OK</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Address
                of principal executive offices)</font></div>
            </td>
            <td align="left" colspan="2" valign="top" width="28%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 22.5pt"></font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">73105</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 22.5pt"></font>(Zip
                Code)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Registrant&#8217;s
                telephone number, including area code:&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">(405) 842-0131</font></font></div>
            </td>
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            <td colspan="5" valign="top" width="79%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <td colspan="5" valign="top" width="79%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Not
                Applicable</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Former
                name or former address, if changed since last report.)</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
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            <td colspan="5" valign="top" width="79%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <td align="left" colspan="5" valign="top" width="79%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Check
                the appropriate box below if the Form 8-K filing is intended to
                simultaneously satisfy the filing obligation of the registrant under
                any
                of the following provisions:</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
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              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings">&#168;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font></div>
            </td>
            <td align="left" colspan="4" valign="top" width="76%" style="PADDING-LEFT: 0pt">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)</font>&#160;</div>
            </td>
          </tr>
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            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings">&#160;</font></td>
            <td align="left" colspan="4" valign="top" width="76%" style="PADDING-LEFT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <td valign="top" width="2%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings">&#168;</font></div>
            </td>
            <td align="left" colspan="4" valign="top" width="76%" style="PADDING-LEFT: 0pt">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)</font></div>
            </td>
          </tr>
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            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings">&#160;</font></td>
            <td align="left" colspan="4" valign="bottom" width="76%" style="PADDING-LEFT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="2%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings">&#168;</font></div>
            </td>
            <td align="left" colspan="4" valign="bottom" width="76%" style="PADDING-LEFT: 0pt">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings">&#160;</font></td>
            <td align="left" colspan="4" valign="bottom" width="76%" style="PADDING-LEFT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="2%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings">&#168;</font></div>
            </td>
            <td align="left" colspan="4" valign="top" width="76%" style="PADDING-LEFT: 0pt">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13a-4(c))</font>&#160;</div>
            </td>
          </tr>

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    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
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          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div><br>
    <div align="center">
      <table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 85px">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Item
                1.03</font></div>
            </td>
            <td width="895">
              <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Bankruptcy
                or Receivership. </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><a name="id_0_5" /><a name="id_0_6" /><a name="part_1_2_3" /><a name="item_1_32_1"><br></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="part_1_2_2" /><a name="item_1_28_1">On
      December 27, 2007, the Company filed a
      voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the
      United States Bankruptcy Court for the Western District of Oklahoma (the
&#8220;Bankruptcy Court&#8221;), Case No. 07-14678 (the &#8220;Chapter 11 Case&#8221;).&#160;&#160;The
      Company&#8217;s filing was precipitated by the verdict and subsequent judgment
      rendered against it in a November 2007 jury trial relating to the Company's
      2005
      acquisition of Heartland Cup, Inc.&#160;&#160;As previously reported in the
      Company&#8217;s Form 10-QSB for the quarter ended September 30, 2007, the Company does
      not have the cash resources to satisfy the $984,368
      judgment.&#160;&#160;Although the Company actively pursued settlement
      discussions with the judgment creditor in an attempt to foreclose entry of
      the
      judgment, the judgment creditor ultimately declined to withhold or defer his
      right, in the absence of an appellate bond, to seek collection of the
      judgment.&#160;&#160;The Company&#8217;s filing of the Chapter 11 petition operates to
      stay all proceedings or attempts to enforce the judgment rendered in the
      Heartland Cup litigation.&#160;&#160;The Company's filing was supported by the
      Company's primary secured lender, Laurus Capital Management, LLC.&#160;&#160;The
      Company anticipates that it will continue to operate its business as a
      debtor-in-possession under the jurisdiction of the Bankruptcy Court and in
      accordance with the applicable provisions of the Bankruptcy Code and the orders
      of the Bankruptcy Court.&#160;&#160;The Company intends to file a plan of
      reorganization as soon as possible.</a></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a name="002" /><a name="item_1_31_1" /><a name="003" /><a name="part_1_2_4"><br></a></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td width="1">
            </td>
            <td style="WIDTH: 84px">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Item
                2.04</font></font></div>
            </td>
            <td width="900">
              <div align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Triggering
                Events That Accelerate
                or Increase a Direct Financial Obligation or an Obligation under
                an
                Off-Balance Sheet
                Arrangement</font></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      filing of the Chapter 11 Case constitutes an event of default under the terms
      of
      the Company's secured convertible note (the &#8220;Laurus Note&#8221;) with Laurus Master
      Fund, Ltd. and Laurus Capital Management, LLC (collectively,
&#8220;Laurus&#8221;).&#160;&#160;Pursuant to the terms of the Laurus Note, upon an event of
      default Laurus may, among other things, declare all amounts outstanding
      thereunder to be immediately due and payable.&#160;&#160;As of the date of the
      foregoing event of default, approximately $1.7 million was outstanding and
      payable by the Company under the Laurus Note.&#160;&#160;Any payments to Laurus
      pursuant to the terms of the Laurus Agreement will be subject to the
      jurisdiction and approval of the Bankruptcy Court.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      filing of the Chapter 11 Case also constitutes an event of default under the
      terms of that certain Assumption Agreement, dated as of November 7, 2005, by
      and
      among Farmers State Bank, Allen, Oklahoma (&#8220;Farmers State Bank&#8221;), the Company
      and Heartland Cup, Inc. (&#8220;Heartland Cup&#8221;), pursuant to which the Company assumed
      the obligations of Heartland Cup under that certain Note Agreement dated
      November 17, 2003 between Farmers State Bank and Heartland
      Cup.&#160;&#160;Pursuant to the terms of the Assumption Agreement and the Note
      Agreement, upon an event of default Farmers State Bank may, among other things,
      declare all indebtedness of the Company thereunder to be immediately due and
      payable.&#160;&#160;As of the date of the foregoing event of default,
      approximately $461,000 was outstanding under the Assumption Agreement and the
      Note Agreement.&#160;&#160;Any payments to Farmers State Bank pursuant to the
      terms of the Assumption Agreement and the Note Agreement will be subject to
      the
      jurisdiction and approval of the Bankruptcy Court.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a name="004" /><a name="part_1_2_5" /><a name="item_1_46_1"><br></a></div>
    <div align="left">
      <table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 83px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">Item
                8.01 </font></font></div>
            </td>
            <td align="left" width="902">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">Other
                Events</font></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      December 27, 2007, the Company issued a press release concerning the Chapter
      11
      Case.&#160;&#160;A copy of the press release is attached hereto as Exhibit 99.1
      and incorporated herein by reference.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 85px">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
                9.01</font></div>
            </td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release dated December 27, 2007. </font></div>
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          </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities and Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the undersigned
      hereunto duly authorized.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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                HEALTH SCIENCES, INC.</font></div>
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            <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
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                28, 2007</font></div>
            </td>
            <td valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="TEXT-DECORATION: underline">By:<font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/
                Robin L.
                Jacob</font></font></font></div>
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            <td valign="top" width="37%">
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                L. Jacob</font></div>
            </td>
          </tr>
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            <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Vice
                President and Chief Financial Officer</font></div>
            </td>
          </tr>

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            </td>
            <td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
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                Description</font></div>
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            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release dated December 27, 2007 regarding filing of Chapter 11
                petition.</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
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      Filed herewith.</font></div>
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form8-k.htm
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):  December 27,
                  2007
AMS
                HEALTH SCIENCES, INC.
(Exact
                name of registrant as specified in its charter)
OKLAHOMA
(State
                or other jurisdiction of incorporation)
001−13343
(Commission
                File Number)
73-1323256
(I.R.S.
                Employer Identification No.)
711
                NE 39
th
Street,
                Oklahoma City, OK
(Address
                of principal executive offices)
73105
(Zip
                Code)
Registrant's
                telephone number, including area code:
(405) 842-0131
Not
                Applicable
(Former
                name or former address, if changed since last report.)
Check
                the appropriate box below if the Form 8-K filing is intended to
                simultaneously satisfy the filing obligation of the registrant under
                any
                of the following provisions:
¨
Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)
¨
Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)
¨
Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))
¨
Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13a-4(c))
Item
                1.03
Bankruptcy
                or Receivership.
On
      December 27, 2007, the Company filed a
      voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the
      United States Bankruptcy Court for the Western District of Oklahoma (the
"Bankruptcy Court"), Case No. 07-14678 (the "Chapter 11 Case").  The
      Company's filing was precipitated by the verdict and subsequent judgment
      rendered against it in a November 2007 jury trial relating to the Company's
      2005
      acquisition of Heartland Cup, Inc.  As previously reported in the
      Company's Form 10-QSB for the quarter ended September 30, 2007, the Company does
      not have the cash resources to satisfy the $984,368
      judgment.  Although the Company actively pursued settlement
      discussions with the judgment creditor in an attempt to foreclose entry of
      the
      judgment, the judgment creditor ultimately declined to withhold or defer his
      right, in the absence of an appellate bond, to seek collection of the
      judgment.  The Company's filing of the Chapter 11 petition operates to
      stay all proceedings or attempts to enforce the judgment rendered in the
      Heartland Cup litigation.  The Company's filing was supported by the
      Company's primary secured lender, Laurus Capital Management, LLC.  The
      Company anticipates that it will continue to operate its business as a
      debtor-in-possession under the jurisdiction of the Bankruptcy Court and in
      accordance with the applicable provisions of the Bankruptcy Code and the orders
      of the Bankruptcy Court.  The Company intends to file a plan of
      reorganization as soon as possible.
Item
                2.04
Triggering
                Events That Accelerate
                or Increase a Direct Financial Obligation or an Obligation under
                an
                Off-Balance Sheet
                Arrangement
The
      filing of the Chapter 11 Case constitutes an event of default under the terms
      of
      the Company's secured convertible note (the "Laurus Note") with Laurus Master
      Fund, Ltd. and Laurus Capital Management, LLC (collectively,
"Laurus").  Pursuant to the terms of the Laurus Note, upon an event of
      default Laurus may, among other things, declare all amounts outstanding
      thereunder to be immediately due and payable.  As of the date of the
      foregoing event of default, approximately $1.7 million was outstanding and
      payable by the Company under the Laurus Note.  Any payments to Laurus
      pursuant to the terms of the Laurus Agreement will be subject to the
      jurisdiction and approval of the Bankruptcy Court.
The
      filing of the Chapter 11 Case also constitutes an event of default under the
      terms of that certain Assumption Agreement, dated as of November 7, 2005, by
      and
      among Farmers State Bank, Allen, Oklahoma ("Farmers State Bank"), the Company
      and Heartland Cup, Inc. ("Heartland Cup"), pursuant to which the Company assumed
      the obligations of Heartland Cup under that certain Note Agreement dated
      November 17, 2003 between Farmers State Bank and Heartland
      Cup.  Pursuant to the terms of the Assumption Agreement and the Note
      Agreement, upon an event of default Farmers State Bank may, among other things,
      declare all indebtedness of the Company thereunder to be immediately due and
      payable.  As of the date of the foregoing event of default,
      approximately $461,000 was outstanding under the Assumption Agreement and the
      Note Agreement.  Any payments to Farmers State Bank pursuant to the
      terms of the Assumption Agreement and the Note Agreement will be subject to
      the
      jurisdiction and approval of the Bankruptcy Court.
Item
                8.01
Other
                Events
On
      December 27, 2007, the Company issued a press release concerning the Chapter
      11
      Case.  A copy of the press release is attached hereto as Exhibit 99.1
      and incorporated herein by reference.
Item
                9.01
Financial
                Statements and Exhibits.
Exhibits:
99.1
Press
                Release dated December 27, 2007.
SIGNATURES
Pursuant
      to the requirements of the Securities and Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the undersigned
      hereunto duly authorized.
AMS
                HEALTH SCIENCES, INC.
(Registrant)
Date:  December
                28, 2007
By:
/s/
                Robin L.
                Jacob
Robin
                L. Jacob
Vice
                President and Chief Financial Officer
EXHIBIT
      INDEX
Exhibit
Number
Exhibit
                Description
99.1*
Press
                Release dated December 27, 2007 regarding filing of Chapter 11
                petition.
*           
      Filed herewith.