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<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=5><B>UNITED STATES </B></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=5><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=3><B>Washington, D.C. 20549 </B></FONT></P>
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<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
face="Times New Roman" color=#000000 size=5><B>FORM 8-K </B></FONT></P>
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<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=3><B>CURRENT REPORT</B></FONT></P><p>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=3><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></FONT></P><p>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=3><B>Date of Report (Date of earliest event reported): May 31, 2006</B></FONT></P>
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<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=6><B>AMERICAN MEDIA SYSTEMS CO.</B></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=1><B>(Exact name of registrant as specified in charter) </B></FONT></P>
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      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
      face="Times New Roman" color=#000000 size=2><B>Nevada</B></FONT></P></TD>
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      size=1>&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="31%">
      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
      face="Times New Roman" color=#000000 size=2><B></B></FONT>&nbsp;</P></TD>
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      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
      face="Times New Roman" color=#000000 size=2><B>87-0736406</B></FONT></P></TD></TR>
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      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
      face="Times New Roman" color=#000000 size=1><B>(State or other
      jurisdiction</B></FONT></P></TD>
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      size=1>&nbsp;</FONT></TD>
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      face="Times New Roman" color=#000000 size=1><B></B></FONT>&nbsp;</P></TD>
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      size=1>&nbsp;</FONT></TD>
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      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
      face="Times New Roman" color=#000000 size=1><B>(I.R.S.
      Employer</B></FONT></P></TD></TR>
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    <TD vAlign=top align=middle width="31%">
      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
      face="Times New Roman" color=#000000 size=1><B>of
      incorporation)</B></FONT></P></TD>
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      size=1>&nbsp;</FONT></TD>
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      size=1>&nbsp;</FONT></TD>
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      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
      face="Times New Roman" color=#000000 size=1><B>Identification
      No.)</B></FONT></P></TD></TR></TABLE>
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      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
      face="Times New Roman" color=#000000 size=2><B>5190 Neil Road, Suite 430, Reno, NV</B></FONT></P></TD>
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      size=2>&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="48%">
      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
      face="Times New Roman" color=#000000 size=2><B>89502</B></FONT></P></TD></TR>
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      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=2><B>(Address of principal executive offices)</B></FONT></P></TD>
    <TD vAlign=bottom width="3%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="48%">
      <P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=2><B>(Zip
  Code)</B></FONT></P></TD></TR></TABLE>
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<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT
face="Times New Roman" color=#000000 size=2><B>Registrant's telephone number, including area code: (866) 651-2219 </B></FONT></P>
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<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=2><b>N/A</b></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><FONT face="Times New Roman" color=#000000 size=2><b>(Former name or former address, if changed since last report)</b> </FONT></P><P>
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<P align=justify><B>Item 8.01 OTHER EVENTS</B></p>
<P align=justify><b>Vancouver, British Columbia (May 31, 2006) </b> - American Media Systems Co. (OTCBB: AMSY) announces that it has sold its wholly owned subsidiary, Craft College Inc. Craft College, Inc comprises all of the company's education DVD business, including all inventory and intellectual property associated with the Craft College and Mentor Media educational DVD series.  American Media Systems expects to record a nominal after-tax gain on the sale. American Media Systems is continuing its film and production business for television and feature film. </p>



<P align=Center><u><B>SIGNATURES</B></u></p>
<P></P>
<P align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized. </P>
<P style="MARGIN-LEFT: 150px"><B>AMERICAN MEDIA SYSTEMS CO.</B>
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  <TR>
    <TD><B>Signature</B></TD>
    <TD><B>Title</B></TD>
    <TD><B>Date</B></TD></TR>
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    <TD vAlign=top><u>ALEXANDER VESAK&nbsp;&nbsp;&nbsp;&nbsp;</u><BR>Alexander Vesak</TD>
    <TD>President, Chief Executive Officer,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <BR>Chief Financial Officer, Secretary <BR>and Director</TD>
    <TD vAlign=top>May 31, 2006</TD></TR></TABLE></P></BODY></HTML>
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{"company-data": {"conformed-name": "American Media Systems Co.", "cik": "0001318060", "assigned-sic": "7812", "irs-number": "870736406", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51568", "film-number": "06876828"}, "business-address": {"street1": "3500 CORNETT ROAD", "city": "VANCOUVER", "state": "A1", "zip": "V5M 2H5", "phone": "866-651-2219"}, "mail-address": {"street1": "3500 CORNETT ROAD", "city": "VANCOUVER", "state": "A1", "zip": "V5M 2H5"}}
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): May 31, 2006
AMERICAN MEDIA SYSTEMS CO.
(Exact name of registrant as specified in charter)
Nevada
87-0736406
(State or other
      jurisdiction
(I.R.S.
      Employer
of
      incorporation)
Identification
      No.)
5190 Neil Road, Suite 430, Reno, NV
89502
(Address of principal executive offices)
(Zip
  Code)
Registrant's telephone number, including area code: (866) 651-2219
N/A
(Former name or former address, if changed since last report)
Item 8.01 OTHER EVENTS
Vancouver, British Columbia (May 31, 2006)
- American Media Systems Co. (OTCBB: AMSY) announces that it has sold its wholly owned subsidiary, Craft College Inc. Craft College, Inc comprises all of the company's education DVD business, including all inventory and intellectual property associated with the Craft College and Mentor Media educational DVD series.  American Media Systems expects to record a nominal after-tax gain on the sale. American Media Systems is continuing its film and production business for television and feature film.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
AMERICAN MEDIA SYSTEMS CO.
Signature
Title
Date
ALEXANDER VESAK
Alexander Vesak
President, Chief Executive Officer,
Chief Financial Officer, Secretary
and Director
May 31, 2006