<SUBMISSION>
<ACCESSION-NUMBER>0001047469-03-021968
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20030623
<ITEMS>5
<ITEMS>7
<FILING-DATE>20030623
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ADVANCED MATERIALS GROUP INC
<CIK>0000806514
<ASSIGNED-SIC>3086
<IRS-NUMBER>330215295
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>1130
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-16401
<FILM-NUMBER>03753469
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>20211 SOUTH SUSANA RD
<CITY>RANCHO DOMINQUEZ
<STATE>CA
<ZIP>90221
<PHONE>3105375444
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>20211 SOUTH SUSANA RD
<CITY>RANCHO DOMINGUEZ
<STATE>CA
<ZIP>90221
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>FAR WEST VENTURES INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a2113497z8-k.htm
<DESCRIPTION>8-K
<TEXT>
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<P ALIGN="CENTER"><FONT SIZE=5><B>SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>Washington, D.C. 20549  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>Form&nbsp;8-K  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=3><B>Current Report Pursuant to Section&nbsp;13 or 15(d)<BR>
of the Securities Exchange Act of 1934  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Date of report (Date of earliest event reported): </FONT><FONT SIZE=2><B>June&nbsp;23, 2003</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>ADVANCED MATERIALS GROUP,&nbsp;INC.<BR>  </B></FONT><FONT SIZE=2>(Exact name of registrant as specified in its charter) </FONT></P>

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<TD WIDTH="33%" ALIGN="CENTER"><FONT SIZE=2><B>Nevada</B></FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER"><FONT SIZE=2><B>0-16401</B></FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER"><FONT SIZE=2><B>33-0215295</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="33%" ALIGN="CENTER"><FONT SIZE=2>(State or Other Jurisdiction of Incorporation)</FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER"><FONT SIZE=2>(Commission File Number)</FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER"><FONT SIZE=2>(IRS Employer Identification No.)</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2><B>20211 S. Susana Road, Rancho Dominguez, CA 90221<BR>  </B></FONT><FONT SIZE=2>(Address of Principal Executive Officers)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Registrant's
telephone number, including area code: </FONT><FONT SIZE=2><B>(310)&nbsp;537-5444</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Not Applicable<BR>
(Former name or former address, if changes since last report)  </B></FONT></P>

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<P><FONT SIZE=2><A
NAME="page_de1428_1_2"> </A> </FONT> <FONT SIZE=2><B>ITEM 5.&nbsp;&nbsp;&nbsp;&nbsp;OTHER EVENTS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June&nbsp;23, 2003, Advanced Materials Group,&nbsp;Inc. announced a change in its manufacturing agreement in Singapore. A copy of the press release making
this announcement is attached hereto as Exhibit&nbsp;99.1 and incorporated herein by reference. The press release shall not be deemed "filed" for purposes of Section&nbsp;18 of the Securities
Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933. </FONT></P>

<P><FONT SIZE=2><B>ITEM 7.&nbsp;&nbsp;&nbsp;&nbsp;FINANCIAL STATEMENTS AND EXHIBITS  </B></FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD><FONT SIZE=2>Exhibits </FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1&nbsp;Press
Release, dated June&nbsp;23, 2003, issued by Advanced Materials Group,&nbsp;Inc. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<BR></FONT><FONT SIZE=2><B>SIGNATURES    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></P>

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<TD WIDTH="39%"><FONT SIZE=2>Dated: June&nbsp;23, 2003</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>ADVANCED MATERIALS GROUP,&nbsp;INC.</FONT></TD>
</TR>
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<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%" ALIGN="CENTER"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>GAYLE ARNOLD</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Chief Financial Officer</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<FONT SIZE=2><A HREF="#toc_jc1428_1">SIGNATURES</A></FONT><BR>
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<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a2113497zex-99_1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P ALIGN="RIGHT"><FONT SIZE=2><B>EXHIBIT 99.1  </B></FONT></P>

<P><FONT SIZE=2>For
Further Information: </FONT></P>

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<TD WIDTH="22%"><FONT SIZE=2>Steve F. Scott<BR>
President and CEO<BR>
(310)&nbsp;537-5444<BR></FONT> <FONT SIZE=2><I>sscott@advmatl.com</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="24%"><FONT SIZE=2>Gayle Arnold<BR>
CFO<BR>
(310)&nbsp;537-5444<BR></FONT> <FONT SIZE=2><I>garnold@advmatl.com</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="50%"><FONT SIZE=2>&nbsp;</FONT></TD>
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<P><FONT SIZE=2><B>FOR IMMEDIATE RELEASE:  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ke1428_advanced_materials_group_annou__adv03311"> </A>
<A NAME="toc_ke1428_1"> </A>
<BR></FONT><FONT SIZE=2><B>ADVANCED MATERIALS GROUP ANNOUNCES<BR>  CHANGES IN MANUFACTURING AGREEMENT IN SINGAPORE    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RANCHO DOMINGUEZ, California, (June&nbsp;23, 2003)&#151;Advanced Materials Group,&nbsp;Inc. (NASD OTC Bulletin Board: ADMG.OB) announced today that
there has been a change in its manufacturing agreement in Singapore. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
January&nbsp;1998, Advanced Materials Group,&nbsp;Inc. ("AMG") entered into a ten-year strategic manufacturing agreement in Singapore with Foamex Asia ("Foamex"), a
subsidiary of Foamex International,&nbsp;Inc. The agreement provides for a five-year renewal period, however, there can be no assurance that the arrangement will be renewed. The terms of
the agreement call for AMG to lease production equipment and provide certain technology to Foamex. Foamex, in turn, provides its manufacturing facilities and workforce to fabricate foam products at
its Singapore facility. The manufacturing agreement has a profit sharing provision that changes annually. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
June&nbsp;20, 2003, the manufacturing agreement was amended to change the vendor of record for the customer supplied under the agreement from AMG to Foamex. Although this change
will not affect the company's share of the profitability under the agreement, it will cause a significant reduction in its future reported revenues. Previously, AMG purchased the raw materials for the
production of product and billed the end customer and therefore recognized the gross sales and cost of sales on its financials. Under the amended agreement, it will no longer purchase the raw
materials or bill the end customer and will only recognize its portion of profit as revenue. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues
as previously reported relating to the Singapore manufacturing agreement were $2,265,000 for the three-month period ended February&nbsp;28, 2003 and $ 11,739,000 for the year
ended November&nbsp;30, 2002. Under the amended agreement, only our share of the profit would have been reported as revenue. The profits distributed to AMG pursuant to the Singapore manufacturing
agreement were $197,000 for the three-month period ended February&nbsp;28, 2003 and $1,206,000 for the year ended November&nbsp;30, 2002. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced
Materials Group CEO and President, Steve Scott said, "We believe this change is a real positive for the company. We will still maintain a share of the profits from the Singapore
agreement, while significantly reducing our capital requirements, since we will no longer need to purchase raw materials 2 to 4&nbsp;months in advance of realizing sales." </FONT></P>

<P><FONT SIZE=2><I>Some statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. In addition to the factors discussed, the
following are among other factors that could cause actual results to differ materially: general business conditions, competitive factors, concentration of sales in markets and customers, concentration
of raw materials suppliers, delays or cancellations in orders, fluctuations in margins, timing of significant orders, and other risks and uncertainties outlined by management in the Company's most
recent Form&nbsp;10-K.</I></FONT></P>

<P><FONT SIZE=2>Advanced
Materials Group,&nbsp;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 U.S. and abroad. </FONT></P>

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