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:

                                  July 13, 2006


                    CONSORTIUM SERVICE MANAGEMENT GROUP, INC.
               --------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


          Texas                    0-27359                  74-2653437
      --------------           -------------           -------------------
       (State of                (Commission              (IRS Employer
      Incorporation)            File Number)           Identification No.)


                   500 North Shoreline Drive, Suite 701 North
                            Corpus Christi, TX 78471
               ---------------------------------------------------
               (Address of principal executive offices) (Zip Code)


                                  512-887-7546
                         -------------------------------
                         (Registrant's telephone number)


      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 (see General Instruction A.2 below):

|_|   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 8.01. Other Events.

Consortium Service Management Group, Inc. ("CSMG Technologies") executed a
letter agreement dated as of June 5, 2006 (the "Agreement") for a proposed firm
commitment public offering of Live Tissue Connect, Inc. ("LTC"), its
majority-owned subsidiary that has developed a technology that permits the
bonding of human tissue without the use of conventional wound closing
techniques, including sutures, staples, sealants and glues. Pursuant to the
terms of the Agreement, Empire Financial Group, Inc. ("Empire") expressed its
intent to enter into a firm commitment underwriting agreement to raise a minimum
of $5,000,000 through the sale of LTC shares of common stock at a price to be
determined prior to the effective date of the offering closing. CSMG
Technologies agreed to include in the proposed firm commitment underwriting
agreement payments to Empire of an underwriting discount of 9% of the amount
raised, five year warrants to purchase 5% of the total number of LTC shares sold
in the IPO that carry "piggy-back" registration rights and a non-accountable fee
allowance equal to 3% of the gross proceeds of the offering. CSMG Technologies
further agreed to retain Empire as a financial consultant for a period of 12
months at a monthly fee of $5,000 and to pay a "Lehman formula" finder's fee in
the event that Empire originates a merger, acquisition or joint venture for CSMG
Technologies.

The terms of the Agreement described above are only a summary of the Agreement
terms and are qualified in their entirety by reference to the Agreement which is
attached hereto as Exhibit 10.1 and incorporated by reference into this Current
Report on Form 8-K.

CSMG Technologies also executed a letter agreement dated as of June 5, 2006
("Bridge Agreement") under which Empire agreed to serve as placement agent on a
"best efforts" basis to raise $3.0 million in bridge financing through a private
placement. Under the terms of the Bridge Agreement CSMG Technologies agreed to
pay Empire a nonrefundable retainer of $10,000, a cash placement fee equal to
12% of the aggregate purchase price paid by each purchaser of CSMG Technologies
shares of common stock and warrants equal to 5% of the amount of securities
issued by CSMG Technologies under this bridge funding. CSMG Technologies also
agreed that for 24 months following the consummation of the bridge financing
Empire has the right to act as one of CSMG Technologies' financial advisors in
certain mergers, acquisitions, or restructurings where CSMG Technologies engages
a financial advisor, to act as manager or placement agent in debt financings or
refinancings and to act as underwriter or placement agent in any public or
private offering of equity or debt securities.

Item 9.01. Financial Statements and Exhibits.

(d)   Exhibits.

      10.1  Letter Agreement dated as of June 5, 2006 between CSMG Technologies
            and Empire Financial Group, Inc. regarding a firm commitment IPO

      10.2  Letter Agreement dated as of June 5,2006 between CSMG Technologies
            and Empire Financial Group, Inc. regarding a best efforts bridge
            financing
<PAGE>

                                   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 hereunto duly authorized.

                                    Consortium Service Management Group, Inc.


Date: July 14, 2006                 By: /s/ Donald S. Robbins
                                        -------------------------------------
                                        Donald S. Robbins
                                        Chief Executive Officer
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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:

                                  July 13, 2006

                    CONSORTIUM SERVICE MANAGEMENT GROUP, INC.
               --------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)

          Texas                    0-27359                  74-2653437
      --------------           -------------           -------------------
       (State of                (Commission              (IRS Employer
      Incorporation)            File Number)           Identification No.)

                   500 North Shoreline Drive, Suite 701 North
                            Corpus Christi, TX 78471
               ---------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                  512-887-7546
                         -------------------------------
                         (Registrant's telephone number)

      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 (see General Instruction A.2 below):

|_|   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 8.01. Other Events.

Consortium Service Management Group, Inc. ("CSMG Technologies") executed a
letter agreement dated as of June 5, 2006 (the "Agreement") for a proposed firm
commitment public offering of Live Tissue Connect, Inc. ("LTC"), its
majority-owned subsidiary that has developed a technology that permits the
bonding of human tissue without the use of conventional wound closing
techniques, including sutures, staples, sealants and glues. Pursuant to the
terms of the Agreement, Empire Financial Group, Inc. ("Empire") expressed its
intent to enter into a firm commitment underwriting agreement to raise a minimum
of $5,000,000 through the sale of LTC shares of common stock at a price to be
determined prior to the effective date of the offering closing. CSMG
Technologies agreed to include in the proposed firm commitment underwriting
agreement payments to Empire of an underwriting discount of 9% of the amount
raised, five year warrants to purchase 5% of the total number of LTC shares sold
in the IPO that carry "piggy-back" registration rights and a non-accountable fee
allowance equal to 3% of the gross proceeds of the offering. CSMG Technologies
further agreed to retain Empire as a financial consultant for a period of 12
months at a monthly fee of $5,000 and to pay a "Lehman formula" finder's fee in
the event that Empire originates a merger, acquisition or joint venture for CSMG
Technologies.

The terms of the Agreement described above are only a summary of the Agreement
terms and are qualified in their entirety by reference to the Agreement which is
attached hereto as Exhibit 10.1 and incorporated by reference into this Current
Report on Form 8-K.

CSMG Technologies also executed a letter agreement dated as of June 5, 2006
("Bridge Agreement") under which Empire agreed to serve as placement agent on a
"best efforts" basis to raise $3.0 million in bridge financing through a private
placement. Under the terms of the Bridge Agreement CSMG Technologies agreed to
pay Empire a nonrefundable retainer of $10,000, a cash placement fee equal to
12% of the aggregate purchase price paid by each purchaser of CSMG Technologies
shares of common stock and warrants equal to 5% of the amount of securities
issued by CSMG Technologies under this bridge funding. CSMG Technologies also
agreed that for 24 months following the consummation of the bridge financing
Empire has the right to act as one of CSMG Technologies' financial advisors in
certain mergers, acquisitions, or restructurings where CSMG Technologies engages
a financial advisor, to act as manager or placement agent in debt financings or
refinancings and to act as underwriter or placement agent in any public or
private offering of equity or debt securities.

Item 9.01. Financial Statements and Exhibits.

(d)   Exhibits.

      10.1  Letter Agreement dated as of June 5, 2006 between CSMG Technologies
            and Empire Financial Group, Inc. regarding a firm commitment IPO

      10.2  Letter Agreement dated as of June 5,2006 between CSMG Technologies
            and Empire Financial Group, Inc. regarding a best efforts bridge
            financing
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 hereunto duly authorized.

                                    Consortium Service Management Group, Inc.

Date: July 14, 2006                 By: /s/ Donald S. Robbins
                                        -------------------------------------
                                        Donald S. Robbins
                                        Chief Executive Officer