-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 rkBGhHwjWaQFIZtcNnA57Q==

<SEC-DOCUMENT>0001140361-07-004524.txt : 20070228
<SEC-HEADER>0001140361-07-004524.hdr.sgml : 20070228
<ACCEPTANCE-DATETIME>20070228162206
ACCESSION NUMBER:		0001140361-07-004524
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070226
FILED AS OF DATE:		20070228
DATE AS OF CHANGE:		20070228

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN MOLD GUARD INC
		CENTRAL INDEX KEY:			0001344708
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-TO DWELLINGS & OTHER BUILDINGS [7340]
		IRS NUMBER:				743077656

	BUSINESS ADDRESS:	
		STREET 1:		9272 JERONIMO ROAD
		STREET 2:		SUITE 122
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
		BUSINESS PHONE:		9494586653

	MAIL ADDRESS:	
		STREET 1:		9272 JERONIMO ROAD
		STREET 2:		SUITE 122
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PAULSON CHESTER L F
		CENTRAL INDEX KEY:			0000898196

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32862
		FILM NUMBER:		07658119

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		503-243-6000

	MAIL ADDRESS:	
		STREET 1:		811 SW NAITO PARKWAY
		STREET 2:		SUITE 200
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97204

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PAULSON CAPITAL CORP
		CENTRAL INDEX KEY:			0000704159
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32862
		FILM NUMBER:		07658120

	BUSINESS ADDRESS:	
		STREET 1:		811 SW NAITO PARKWAY
		STREET 2:		SUITE 200
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97204
		BUSINESS PHONE:		5032436000

	MAIL ADDRESS:	
		STREET 1:		811 SW NAITO PARKWAY
		STREET 2:		SUITE 200
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97204

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PAULSON JACQUELINE M
		CENTRAL INDEX KEY:			0000897686

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32862
		FILM NUMBER:		07658121

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		5032436000

	MAIL ADDRESS:	
		STREET 1:		811 SW NAITO PARKWAY
		STREET 2:		SUITE 200
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97204
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-02-26</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001344708</issuerCik>
        <issuerName>AMERICAN MOLD GUARD INC</issuerName>
        <issuerTradingSymbol>AMGI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000704159</rptOwnerCik>
            <rptOwnerName>PAULSON CAPITAL CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>811 SW NAITO PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 200</rptOwnerStreet2>
            <rptOwnerCity>PORTLAND</rptOwnerCity>
            <rptOwnerState>OR</rptOwnerState>
            <rptOwnerZipCode>97204</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Footnote (1)</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000898196</rptOwnerCik>
            <rptOwnerName>PAULSON CHESTER L F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>811 SW NAITO PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 200</rptOwnerStreet2>
            <rptOwnerCity>PORTLAND</rptOwnerCity>
            <rptOwnerState>OR</rptOwnerState>
            <rptOwnerZipCode>97204</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Footnote (1)</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000897686</rptOwnerCik>
            <rptOwnerName>PAULSON JACQUELINE M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>811 SW NAITO PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 200</rptOwnerStreet2>
            <rptOwnerCity>PORTLAND</rptOwnerCity>
            <rptOwnerState>OR</rptOwnerState>
            <rptOwnerZipCode>97204</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Footnote (1)</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>40000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Class A Warrants (Right to buy Common Stock)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.75</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2006-05-27</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-04-26</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>40000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Class B Warrants (Right to buy Common Stock)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>13.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2006-05-27</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-04-26</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>40000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Underwriter Warrants (Right to Buy Unit)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>15.60</value>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2007-04-26</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-04-26</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>555108</value>
                    <footnoteId id="F2"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Form filed by more than one reporting person.  In addition to Paulson Capital Corp. (&quot;PLCC&quot;), the following are reporting parties: Chester L.F. Paulson, Jacqueline M. Paulson, Paulson Family LLC (&quot;LLC&quot;) and Paulson Investment Company, Inc. (&quot;PICI&quot;).  These reporting parties collectively own over 10%.  The address for each of the reporting parties is the same as that provided for PLCC.  PICI is a registered broker-dealer and a wholly owned subsidiary of PLCC.  Mr. and Mrs. Paulson are controlling managers of the LLC, which is a controlling shareholder of PLCC, which is the parent company of PICI.  Mr. and Mrs. Paulson and the LLC expressly disclaim any beneficial ownership of securities held in the name of PLCC and PICI.</footnote>
        <footnote id="F2">The Reporting Persons own 92,518 Underwriter Warrants.  One (1) Underwriter Warrant is exercisable at $15.60 into One (1) Unit of American Mold Guard Inc.  Each Unit consist of two (2) shares of common stock, two (2) Class A Warrants and two (2) Class B Warrants.  Each Class A Warrant is exercisable at $9.75 into one (1) share of common stock and expire April 26, 2011.  Each Class B Warrant is exercisable at $13.00 into one (1) share of common stock and expire April 26, 2011.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Harry L. Striplin, Attorney-in-Fact for Chester L.F. Paulson</signatureName>
        <signatureDate>2007-02-28</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Harry L. Striplin, Authorized Agent for Paulson Capital Corp.</signatureName>
        <signatureDate>2007-02-28</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Harry L. Striplin, Authorized Agent for Paulson Investment Co., Inc.</signatureName>
        <signatureDate>2007-02-28</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Harry L. Striplin, Authorized Agent for Paulson Family LLC.</signatureName>
        <signatureDate>2007-02-28</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Harry L. Striplin, Attorney-in-Fact for Jacqueline M. Paulson</signatureName>
        <signatureDate>2007-02-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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