Washington, D.C. 20549

                              FORM 8-K

                           Current Report

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

                            June 22, 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 jurisdiction  (Commission File          (IRS. Employer
 of incorporation)	       Number)           Identification Number)

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

       Our telephone number, including area code: (502) 410-6900

Item 4.02.  Non-reliance on Previously Issued Financial Statements

In March 2006, we reported that  Rosenberg Rich Baker  Berman & Co., of
Bridgewater, NJ, our  former  independent  auditors  ("RRBB"), had been
replaced  with the  firm  of  Mountjoy &  Bressler, LLC, Louisville, KY
("M&B"). During April 2006, in connection with M&B's examination of our
2005  financial  statements  and  discussions  with  the Staff  of  the
Division  of  Corporate  Finance of the Securities  Exchange Commission
(the "SEC") regarding  certain matters  raised during  an SEC review of
our periodic reports for  2004 and 2005, we reached the conclusion that
it  was  necessary  to  restate  our  previously  reported  results  of
operations and  to reclassify certain of our balance sheet accounts for
the year ended 2004.

We reported  our observations and those of the SEC to RRBB in May 2006,
which subsequently advised  us that they would no longer consent to our
use  of  their  2004  audit report. In  May  2006, we  broadened  M&B's
retention to include their reexamination of and assistance in restating
our 2004 financial  statements.   Accordingly, the financial statements
contained  within  our  Form  10-KSB  for  the year ended should not be
relied  upon due to their understatement of  interest,  penalties,  and
premium expense inadvertently not recognized on the company's defaulted
liabilities  and  preferred stock.   In addition, the terms of the non-
performing preferred stock required its reclassification as a liability.

We expect to file our Form 10-KSB for 2005, with 2004 restated, as soon
as practicable.


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 22, 2006
                                    By:   /s/ Anthony Russo
                                    Name: Anthony Russo
                                    Title:    President