Washington, D.C. 20549

                             FORM 8-K

                          Current Report

Pursuant to  Section 13 or 15(d) of the Securities Exchange Act of 1934

                           June 9, 2006
         Date of Report (Date of earliest event reported)

                   American Business Corporation
         (Exact name of Registrant as specified in charter)

Colorado                    33-9640-LA                     90-0249312
----------------          ---------------                 ------------
(State or other  	(Commission File                (IRS. Employer
jurisdiction                  Number)                    Identification
of incorporation)			                 	Number)

            11921 Brinley Ave., Louisville, KY         40243
            ----------------------------------         -----
       (Address of principal executive offices)	     (Zip Code)

  Registrant's telephone number, including area code: (502) 410-6900

Item 1.02.  Termination of a Material Definitive Agreement.

In a Form 8-K dated February 22, 2006 we  announced we had entered into
a Merger  Agreement with  Telomolecular Corp., a  Delaware corporation,
pursuant to which Telomolecular would merge with and into AMBC. We have
determined it is in the best  interests of the company to terminate the
Merger Agreement,  as the  anticipated closing date  of April 21st  has
passed, we believe it unlikely the conditions to closing will be met in
the  near  future,  and  we  believe  it  unlikely the  merger would be
effected upon the terms negotiated.


Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, we have duly caused  this report to be signed on its behalf by
the undersigned hereunto duly authorized.

Dated:  June 9, 2006

                                        By: /s/ Anthony Russo
                                        Name: Anthony Russo
                                        Title:    President