<SUBMISSION>
<ACCESSION-NUMBER>0000950116-02-001178
<TYPE>8-K
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<PERIOD>20020516
<ITEMS>5
<FILING-DATE>20020516
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AMERICAN GROUP INC/FL
<CIK>0001083004
<ASSIGNED-SIC>5200
<IRS-NUMBER>880326984
<FISCAL-YEAR-END>1231
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<FORM-TYPE>8-K
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<FILE-NUMBER>000-30474
<FILM-NUMBER>02655319
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<BUSINESS-ADDRESS>
<STREET1>10570 HAGEN RANCH ROAD
<CITY>BOYHNTON
<STATE>FL
<ZIP>33434
<PHONE>5614738590
</BUSINESS-ADDRESS>
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<FILENAME>eight-k.txt
<DESCRIPTION>8-K
<TEXT>
<PAGE>

                       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): May 16, 2002


                             American Group Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


          Nevada                      0-30474                   88-0326984
----------------------------   -----------------------      ------------------
(State or other jurisdiction   (Commission File Number)       (IRS Employer
     of incorporation)                                      Identification No.)



5295 Town Centre Road  Boca Raton, FL                                  33486
--------------------------------------------------------------------------------
(Address of principal executive offices)                             (Zip Code)


Registrant's telephone number, including area code          561-394-2443
                                                  ------------------------------


--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)



<PAGE>


Item 5. Other Information.
--------------------------


                  The Company announced on May 16, 2002 its position regarding
the recent increase in trading activity and share volume of its stock. The
Company states that it is unaware of and has no knowledge of any event that
would cause or result in trading of this nature. Attached is exhibit 99.1 which
is a copy of the press release.

                  The Company notes that a press release issued on May 15, 2002
relating to the acquisition of certain real estate is totally unrelated to our
Company. The Company is unaware of the source of the press release or why its
symbol was included in that press release.




<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.



                                                     AMERICAN GROUP INC.



Date:    May 16, 2002                                By: /s/ ROBERT I. CLAIRE
                                                         ----------------------
                                                         Robert I. Claire
                                                         President




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99-1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<PAGE>

Exhibit 99.1. Press Release

American Group, Inc. Unaware of Events that Would Cause Increase in Trading
Activity

BOYNTON BEACH, Fla.--(BUSINESS WIRE)--May 16, 2002--American Group, Inc.
(OTCBB:AMCG - News) announced today its position regarding the recent increase
in trading activity and share price of its stock. The Company states that it is
unaware of and has no knowledge of any event that would cause or result in
trading of this nature.

This news release may contain or incorporate by reference "forward-looking"
statements, including certain information with respect to plans and strategies
of American Group, Inc. For this purpose, any statements contained herein or
incorporated herein by reference that are not statements of historical facts may
be deemed to be forward-looking statements. Without limiting the foregoing, the
words "believe(s)," "anticipate(s)," "plan(s)," "expect(s)," and similar
expressions are intended to identify forward-looking statements. There are a
number of important factors that could cause actual events or actual results of
AMCG to differ materially from these indicated by such forward-looking
statements including the actual timing of the relocation to the new plant.


            Copyright 2002 Business Wire




</TEXT>
</DOCUMENT>
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