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<CONFORMED-NAME>ADVANCED MATERIALS GROUP INC
<CIK>0000806514
<ASSIGNED-SIC>3086
<IRS-NUMBER>330215295
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>1130
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<FILM-NUMBER>789086
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<BUSINESS-ADDRESS>
<STREET1>20211 SOUTH SUSANA RD
<CITY>RANCHO DOMINQUEZ
<STATE>CA
<ZIP>90221
<PHONE>3105375444
</BUSINESS-ADDRESS>
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<STREET1>20211 SOUTH SUSANA RD
<CITY>RANCHO DOMINGUEZ
<STATE>CA
<ZIP>90221
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<FORMER-CONFORMED-NAME>FAR WEST VENTURES INC
<DATE-CHANGED>19920703
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<PAGE>

                                  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 14, 2000


                         ADVANCED MATERIALS GROUP, INC.
               (Exact Name of Registrant as Specified in Charter)

           Nevada                         0-16401               33-0215295
(State or Other Jurisdiction            (Commission            (IRS Employer
      of Incorporation)                 File Number)         Identification No.)


         20211 South Susana Road
         Rancho Dominguez, California                                   90221
(Address of Principal Executive Offices)                              (Zip Code)

Registrant's telephone number, including area code:              (301) 537-5444

                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)


<PAGE>






ITEM 5.  OTHER EVENTS.

         The Registrant announced on December 14, 2000 that it was notified by
the Nasdaq Qualifications Hearing Panel of its decision to delist the
Registrant's common stock from the Nasdaq SmallCap Market effective with the
open of business on December 14, 2000. The Registrant issued a press release
announcing that it expected its common stock would be immediately eligible to
trade on the NASD-regulated OTC Bulletin Board and that it intended not to
proceed with its previously proposed reverse stock-split. Attached hereto as
Exhibit 99.1 and incorporated by reference herein is a copy of the December 14,
2000 press release.


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)      Exhibit   Description
         -------   -----------
         99.1      Press Release dated December 14, 2000.


                                    SIGNATURE

         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:  December 14, 2000
                                      ADVANCED MATERIALS GROUP, INC.


                                      By: /s/  Steve F. Scott
                                          -----------------------------
                                      Name: Steve F. Scott
                                      Its: President and Chief Executive Officer

                                       2
<PAGE>



EXHIBIT INDEX



Exhibit No.                                 Document
-----------                                 --------
Exhibit 99.1                        Press Release issued December 14, 2000.


                                       3
</TEXT>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a2033389zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

<PAGE>

                                                                    EXHIBIT 99.1

THURSDAY DECEMBER 14, 6:02 AM EASTERN TIME

PRESS RELEASE

ADVANCED MATERIALS GROUP INC. RECEIVES NOTIFICATION FROM NASDAQ THAT STOCK IS
DELISTED FROM NASDAQ SMALLCAP MARKET

RANCHO DOMINGUEZ, Calif.--(BUSINESS WIRE)--Dec. 14, 2000 - Advanced Materials
Group, Inc. (Nasdaq: ADMG - NEWS) today announced that it has been notified by
the Nasdaq Qualifications Hearing Panel of its decision to delist the Company's
common stock from the Nasdaq SmallCap Market effective with the open of business
on Dec. 14, 2000.

The Company expects that its common stock will be immediately eligible to trade
on the NASD-regulated OTC Bulletin Board. On Nov. 10, 2000, the Company
announced that its board of directors had authorized a reverse stock-split as
part of its plan for continued compliance with the Nasdaq SmallCap listing
requirements. In light of the Hearing Panel's decision to delist the Company's
common stock, the Company will not proceed with this reverse stock-split.

Advanced Materials Group, Inc. is a leading manufacturer and fabricator of
specialty foams, foils, films and pressure-sensitive adhesive components for a
broad base of customers in the computer, medical, automotive and aerospace
industries both in the United States and abroad.

Certain of the statements contained in this news release may be deemed
forward-looking statements in accordance with the Private Litigation Reform Act
of 1995. Such statements and other matters addressed in the press release
involve a number of risks and uncertainties. Among the factors that could cause
actual plans to differ materially from these statements and other matters are
the risks and factors detailed, from time to time, in the Company's reports with
the U.S. Securities and Exchange Commission.

------------------
CONTACT:

         Advanced Materials Group, Inc.
         Steve F. Scott, 310/537-5444
           sscott@advmatl.com
           ------------------

</TEXT>
</DOCUMENT>
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