UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report: (Date of earliest event reported): April 1, 2005
Commission
File No.: 000-30785
CAMELOT
ENTERTAINMENT GROUP, INC.
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(Exact
name of registrant as specified in its charter)
DELAWARE 52-2195605
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-------------------------------------
(State or
other jurisdiction of (IRS Employer
Identification No.)
incorporation
or organization)
2020 Main
Street Suite 990
Irvine,
CA 92614
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(Address
of principal executive offices)
(949)
777-1090
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(Issuer
telephone number)
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(Former
name, if changed since last report)
100 East
San Marcos Blvd. Suite 400
San
Marcos, CA 92069
------------------------------------------------------------
(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 Exchange Act
(17 CFR
240.13e-4(c))
SECTION 5
- CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT
OF PRINCIPAL OFFICERS
On April
1, 2005, Jane Olmstead resigned her position as interim Chief Financial
Officer of the Registrant. She will remain a member of the Board of Directors
and the Audit Committee.
George
Jackson, 44, has been appointed Chief Financial Officer and will join the Board
of Directors.
Mr.
Jackson has been a Certified Public Accountant since 1984. He worked with the
public accounting firm of KPMG. While at KPMG he worked as a consultant and
auditor on many film companies including: Carolco Films, New World Pictures and
others. He was the co-founder, CEO & CFO of several fitness center from 1985
to 1999. He was responsible for managing companies with over $20 million in
revenue, 540 employees in the United States and Asia, raising over $10 million
in capital and managing the accounting departments and preparing financial
statements for shareholders in the U.S. and Asia. He sold all his fitness center
assets to Bally Total Fitness in early 2000, netting a return to shareholders of
over 45% on an annual basis. From 2000 to present he has developed more fitness
centers in Asia and been a director to several fitness companies.
Mr.
Jackson graduated from the University of Southern California with a B.S. in
Accounting in 1982.
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
thereunto authorized.
Camelot
Entertainment Group, Inc.
By:
/s/ Robert P. Atwell
April 4,
2005
Robert P.
Atwell
CEO