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

                                February 11, 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 Agreements.

      On February 11, 2006, Elite Flight Solutions, Inc., a Delaware corporation
("Elite") and Corporate Strategies, Inc., a Delaware corporation ("CSI") entered
into that certain  Securities  Purchase  Agreement  effective as of December 31,
2005 (the "SPA")  pursuant to which Elite purchased from CSI (a) 1,000 shares of
the issued and outstanding Class A common stock of AIM American Mortgage,  Inc.,
a Texas corporation  ("AIM"),  representing  approximately  eighty-five  percent
(85%) of the issued  and  outstanding  common  stock of AIM,  and (b)  554.57262
shares of Series A Preferred  stock of AIM,  representing  one  hundred  percent
(100%) of the issued and outstanding preferred stock of AIM. Elite purchased the
shares of AIM Class A common stock and Series A Preferred stock referenced above
in  consideration of the issuance to CSI of a secured  convertible  debenture in
the principal amount of $500,000.  The secured convertible  debenture is due and
payable on December  31, 2010 and accrues  interest at 12% per year.  The holder
may convert the secured  convertible  debenture,  at its option,  at a price per
share equal to the lower of (i) $0.0004 or (ii) eighty  percent  (80%) of lowest
closing bid price for forty-five  (45) trading days  immediately  preceeding the
date  of   conversion.   The  secured   convertible   debenture  is  secured  by
substantially  all of the  assets of  Elite.  In  addition,  at  closing,  Elite
deposited $50,000 into the operating account of AIM to serve as working capital.
Further,  Elite  agreed to  register  the shares of Elite  Class A common  stock
underlying the secured convertible  debenture,  and Elite entered into a Joinder
Agreement dated as of December 31, 2005 pursuant to which Elite agreed to become
a party to that certain AIM Buy-Sell Agreement.

Item 3.02. Unregistered Sale of Equity Securities.

      See Item 1.01 above.

Item 9.01. Financial Statements and Exhibits.

      (a)   Not applicable
      (b)   Not applicable
      (c)   Exhibit No. Description:

<TABLE>
<CAPTION>
Exhibit        Description                                                            Location

<S>            <C>                                                                    <C>
Exhibit 10.1   Securities  Purchase  Agreement dated as of February 11, 2006, which   Provided herewith
               is effective as of December  31,  2005,  by and between  Elite Fight
               Solutions, Inc. and Corporate Strategies, Inc.

Exhibit 10.2   Registration  Rights  Agreement dated as of February 11, 2006, which   Provided herewith
               is  effective  as of December  31, 2005 by and between  Elite Flight
               Solutions, Inc. and Corporate Strategies, Inc.

Exhibit 10.3   Secured  Convertible  Debenture dated as of February 11, 2006, which   Provided herewith
               is effective as of December 31, 2005, issued to Corporate Strategies,
               Inc.

Exhibit 10.4   Security   Agreement  dated  as  of  February  11,  2006,  which  is   Provided herewith
               effective as of December 31, 2005,  between Elite Flight  Solutions,
               Inc. and Corporate Strategies, Inc.

Exhibit 10.5   Joinder  Agreement dated as of February 11, 2006, which is effective   Provided herewith
               as of December 31, 2005 by Elite Flight Solutions, Inc.
</TABLE>


                                       2
<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.


Date: February 23, 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": "06640516"}, "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

                                February 11, 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 Agreements.

      On February 11, 2006, Elite Flight Solutions, Inc., a Delaware corporation
("Elite") and Corporate Strategies, Inc., a Delaware corporation ("CSI") entered
into that certain  Securities  Purchase  Agreement  effective as of December 31,
2005 (the "SPA")  pursuant to which Elite purchased from CSI (a) 1,000 shares of
the issued and outstanding Class A common stock of AIM American Mortgage,  Inc.,
a Texas corporation  ("AIM"),  representing  approximately  eighty-five  percent
(85%) of the issued  and  outstanding  common  stock of AIM,  and (b)  554.57262
shares of Series A Preferred  stock of AIM,  representing  one  hundred  percent
(100%) of the issued and outstanding preferred stock of AIM. Elite purchased the
shares of AIM Class A common stock and Series A Preferred stock referenced above
in  consideration of the issuance to CSI of a secured  convertible  debenture in
the principal amount of $500,000.  The secured convertible  debenture is due and
payable on December  31, 2010 and accrues  interest at 12% per year.  The holder
may convert the secured  convertible  debenture,  at its option,  at a price per
share equal to the lower of (i) $0.0004 or (ii) eighty  percent  (80%) of lowest
closing bid price for forty-five  (45) trading days  immediately  preceeding the
date  of   conversion.   The  secured   convertible   debenture  is  secured  by
substantially  all of the  assets of  Elite.  In  addition,  at  closing,  Elite
deposited $50,000 into the operating account of AIM to serve as working capital.
Further,  Elite  agreed to  register  the shares of Elite  Class A common  stock
underlying the secured convertible  debenture,  and Elite entered into a Joinder
Agreement dated as of December 31, 2005 pursuant to which Elite agreed to become
a party to that certain AIM Buy-Sell Agreement.

Item 3.02. Unregistered Sale of Equity Securities.

      See Item 1.01 above.

Item 9.01. Financial Statements and Exhibits.

      (a)   Not applicable
      (b)   Not applicable
      (c)   Exhibit No. Description:
Exhibit        Description                                                            Location
Exhibit 10.1   Securities  Purchase  Agreement dated as of February 11, 2006, which   Provided herewith
               is effective as of December  31,  2005,  by and between  Elite Fight
               Solutions, Inc. and Corporate Strategies, Inc.

Exhibit 10.2   Registration  Rights  Agreement dated as of February 11, 2006, which   Provided herewith
               is  effective  as of December  31, 2005 by and between  Elite Flight
               Solutions, Inc. and Corporate Strategies, Inc.

Exhibit 10.3   Secured  Convertible  Debenture dated as of February 11, 2006, which   Provided herewith
               is effective as of December 31, 2005, issued to Corporate Strategies,
               Inc.

Exhibit 10.4   Security   Agreement  dated  as  of  February  11,  2006,  which  is   Provided herewith
               effective as of December 31, 2005,  between Elite Flight  Solutions,
               Inc. and Corporate Strategies, Inc.

Exhibit 10.5   Joinder  Agreement dated as of February 11, 2006, which is effective   Provided herewith
               as of December 31, 2005 by Elite Flight Solutions, Inc.
2
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.

Date: February 23, 2006                           ELITE FLIGHT SOLUTIONS, INC.

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

                                       3