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, AS AMENDED

                                 April 17, 2006

                          ELITE FLIGHT SOLUTIONS, INC.
               (Exact Name of Registrant as Specified in Charter)


          Delaware                     001-31231                26-0003788
          --------                     ---------                ----------
(State or other jurisdiction          (Commission              (IRS Employer
      of incorporation)              File Number)           Identification No.)

     710 Third Street, Suite 200, Roanoke, Virginia                24061
     ----------------------------------------------                -----
        (Address of principal executive offices)                 (Zip code)

                                 (540) 345-3358
                                 --------------
              Registrant's telephone number, including area code:


                                 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 240.13e-4(c))

<PAGE>

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

      On April 17, 2006, AIM American Mortgage, Inc. (the "Company"), a Delaware
corporation  and  subsidiary  of  Elite  Flight  Solutions,   Inc.,  a  Delaware
corporation (the "Registrant"), entered into an Employment/Option Agreement (the
"Agreement") with James E. Shipley  ("Employee")  and/or assigns,  an individual
acting  on  behalf of TRAC  Financial  Group,  Inc.  ("TRAC").  Pursuant  to the
Agreement, the Company shall retain Employee to serve as Chief Executive Officer
of the Company for a period of three (3) years for a monthly  base salary  equal
to Five Thousand  Dollars  ($5,000) for the first two (2) offices  opened by the
Company, plus Two Thousand Five Hundred Dollars ($2,500) per month in additional
compensation for each additional office opened by the Company during the term of
the Agreement.  Employee shall receive as additional incentive pay forty percent
(40%) of EBITDA per calendar  quarter of all Company  offices.  Employee is also
entitled to (a) a signing bonus equal to Five Hundred Thousand  (500,000) shares
of the Company's  restricted  common stock, (b) reimbursement for all reasonable
and necessary expenses incurred by Employee in carrying out his duties under the
Agreement, (c) participation in all health, dental,  disability,  life insurance
and other  benefit  programs now or hereafter  established  by the Company which
cover  substantially  all other of the  Company's  employees  and (d) such other
benefits as may be approved from time to time by the Company.

      Furthermore,   pursuant  to  the  Agreement   Employee   shall  utilize  a
proprietary  marketing  system (the "System")  which is also used by TRAC.  TRAC
shall loan to the Company such amounts equal to the costs of the System on terms
that are no greater than its actual cost plus ten percent (10%). Such loan shall
be secured by all of the stock of the Company and the gross  profits  from loans
generated by the Company, and the principal shall be repaid at the rate of Three
Hundred  Dollars  ($300) per loan closed and funded.  Employee  and/or  assigns,
acting on behalf of TRAC,  shall be granted the option to  purchase  the Company
for One Million Dollars ($1,000,000) in cash or publicly traded securities, less
any debts outstanding between January 2, 2007 and June 30, 2007.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

      (a)   Not applicable.

      (b)   Not applicable.

      (c)   Exhibits No. Description:

Exhibit      Description                                          Location
-------      -----------                                          --------

Exhibit 10.1 Employment/Option Agreement, dated April 17,      Provided herewith
             2006, by and between AIM American Mortgage,
             Inc. and James E. Shipley and/or assigns, as
             an individual acting on behalf of TRAC Financial
             Group, Inc.

                                       2
<PAGE>

                                   SIGNATURES

      Pursuant to the  requirements  of the Securities  Exchange Act of 1934, as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

Date:    May 11, 2006                     ELITE FLIGHT SOLUTIONS, INC.

                                          By:      /s/ Bruce Edwards
                                                   -----------------
                                          Name:    Bruce Edwards
                                          Title:   Chief Executive Officer


                                       3
{"company-data": {"conformed-name": "ELITE FLIGHT SOLUTIONS INC", "cik": "0001161723", "assigned-sic": "4522", "irs-number": "260003788", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31231", "film-number": "06829727"}, "business-address": {"street1": "8191 N. TAMIAMI TRAIL", "street2": "SUITE B-2", "city": "SARASOTA", "state": "FL", "zip": "34343", "phone": "941-343-9966"}, "mail-address": {"street1": "8191 N. TAMIAMI TRAIL", "street2": "SUITE B-2", "city": "SARASOTA", "state": "FL", "zip": "34343"}, "former-company": {"former-conformed-name": "CARCORP USA CORP", "date-changed": "20011031"}}
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, AS AMENDED

                                 April 17, 2006

                          ELITE FLIGHT SOLUTIONS, INC.
               (Exact Name of Registrant as Specified in Charter)

          Delaware                     001-31231                26-0003788
          --------                     ---------                ----------
(State or other jurisdiction          (Commission              (IRS Employer
      of incorporation)              File Number)           Identification No.)

     710 Third Street, Suite 200, Roanoke, Virginia                24061
     ----------------------------------------------                -----
        (Address of principal executive offices)                 (Zip code)

                                 (540) 345-3358
                                 --------------
              Registrant's telephone number, including area code:

                                 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 240.13e-4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

      On April 17, 2006, AIM American Mortgage, Inc. (the "Company"), a Delaware
corporation  and  subsidiary  of  Elite  Flight  Solutions,   Inc.,  a  Delaware
corporation (the "Registrant"), entered into an Employment/Option Agreement (the
"Agreement") with James E. Shipley  ("Employee")  and/or assigns,  an individual
acting  on  behalf of TRAC  Financial  Group,  Inc.  ("TRAC").  Pursuant  to the
Agreement, the Company shall retain Employee to serve as Chief Executive Officer
of the Company for a period of three (3) years for a monthly  base salary  equal
to Five Thousand  Dollars  ($5,000) for the first two (2) offices  opened by the
Company, plus Two Thousand Five Hundred Dollars ($2,500) per month in additional
compensation for each additional office opened by the Company during the term of
the Agreement.  Employee shall receive as additional incentive pay forty percent
(40%) of EBITDA per calendar  quarter of all Company  offices.  Employee is also
entitled to (a) a signing bonus equal to Five Hundred Thousand  (500,000) shares
of the Company's  restricted  common stock, (b) reimbursement for all reasonable
and necessary expenses incurred by Employee in carrying out his duties under the
Agreement, (c) participation in all health, dental,  disability,  life insurance
and other  benefit  programs now or hereafter  established  by the Company which
cover  substantially  all other of the  Company's  employees  and (d) such other
benefits as may be approved from time to time by the Company.

      Furthermore,   pursuant  to  the  Agreement   Employee   shall  utilize  a
proprietary  marketing  system (the "System")  which is also used by TRAC.  TRAC
shall loan to the Company such amounts equal to the costs of the System on terms
that are no greater than its actual cost plus ten percent (10%). Such loan shall
be secured by all of the stock of the Company and the gross  profits  from loans
generated by the Company, and the principal shall be repaid at the rate of Three
Hundred  Dollars  ($300) per loan closed and funded.  Employee  and/or  assigns,
acting on behalf of TRAC,  shall be granted the option to  purchase  the Company
for One Million Dollars ($1,000,000) in cash or publicly traded securities, less
any debts outstanding between January 2, 2007 and June 30, 2007.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

      (a)   Not applicable.

      (b)   Not applicable.

      (c)   Exhibits No. Description:

Exhibit      Description                                          Location
-------      -----------                                          --------

Exhibit 10.1 Employment/Option Agreement, dated April 17,      Provided herewith
             2006, by and between AIM American Mortgage,
             Inc. and James E. Shipley and/or assigns, as
             an individual acting on behalf of TRAC Financial
             Group, Inc.

                                       2
SIGNATURES

      Pursuant to the  requirements  of the Securities  Exchange Act of 1934, as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

Date:    May 11, 2006                     ELITE FLIGHT SOLUTIONS, INC.

                                          By:      /s/ Bruce Edwards
                                                   -----------------
                                          Name:    Bruce Edwards
                                          Title:   Chief Executive Officer

                                       3