------------------------- OMB APPROVAL ------------------------- OMB NUMBER: 3235-0145 Expires: August 31, 1999 Estimated average burden hours per response...14.9 ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D AMENDMENT 3 UNDER THE SECURITIES EXCHANGE ACT OF 1934 ADVANCED MATERIALS GROUP, INC. -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK -------------------------------------------------------------------------------- (Title of Class of Securities) COMMISSION FILE NO. 0-16401 -------------------------------------------------------------------------------- (CUSIP Number) RICHARD H. PICKUP, 2321 ALCOVA RIDGE DR., LAS VEGAS, NEVADA 89134 (702) 240-5100 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) OCTOBER 24, 2006 -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 24.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). --------------------- ----------------- CUSIP No. G 73 4210 7 Page 2 of 3 Pages --------------------- ----------------- 1 Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Richard H. Pickup, an individual - SS - (571-34-7386) Dito Devcar, LP, a Nevada limited partnership - I.D. No. 88-0294387 Dito Caree, LP, a Nevada limited partnership LP, - I.D. No. 88-0302506 Plus Four Private Equities LP - I.D. No. 20-3069535 Plus Four Equity Partners LP - I.D. No. 88-0499778 -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* a [X] b [ ] -------------------------------------------------------------------------------- 3 SEC Use Only -------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) PF and WC -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) OR 2(e) [ ] -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Richard H. Pickup is an individual residing within and a citizen of the United States. Each of the entities was organized under and pursuant to the laws of the State of Nevada. -------------------------------------------------------------------------------- 7 Sole Voting Power 3,648,845 ---------------------------------------------------- NUMBER OF 8 Shared Voting Power SHARES BENEFICIALLY NONE OWNED BY ---------------------------------------------------- EACH 9 Sole Dispositive Power REPORTING PERSON WITH 3,648,845 ---------------------------------------------------- 10 Shared Dispositive Power NONE -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 3,648,845 -------------------------------------------------------------------------------- 12 Check Box if Aggregate Amount in Row (11) Excludes Certain Shares 8 (See Instructions) [ ] -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 30.1% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) Richard H. Pickup, an individual - IN Dito Devcar, LP, a Nevada limited partnership - CO Plus Four Equity Partners LP - CO Plus Four Private Equities, LP - CO -------------------------------------------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true and correct. October 24, 2006 DITO DEVCAR, L.P. A Nevada limited partnership By: Gamebusters, Inc., a Nevada corporation Its General Partner By: /s/ JOSEPH W. MOODY ------------------------------- Joseph W. Moody President DITO CAREE, L.P. A Nevada limited partnership By: Gamebusters, Inc., a Nevada corporation Its General Partner By: /s/ JOSEPH W. MOODY ------------------------------- Joseph W. Moody President PLUS FOUR EQUITY PARTNERS LIMITED PARTNERSHIP. A Nevada limited partnership By: Plus Four Management, LLC, A Nevada limited liability company Its: Sole Partner By: /s/ Todd M. Pickup ------------------------------- Todd M. Pickup, Manager By: /s/ Joseph W. Moody ------------------------------- Joseph W. Moody, Manager RICHARD H. PICKUP /s/ Richard H. Pickup ----------------------------------- An Individual PLUS FOUR PRIVATE EQUITIES, LP, A California limited partnership. By: Plus Four EP LLC, A California limited liability company Its: Sole General Partner By: /s/ JOSEPH W. MOODY ------------------------------- Joseph W. Moody, Manager 3