American Southwest Hldgs Inc (fka ASWT)

[sublime]

SB-2 filed 8/15/05...AMERICAN SOUTHWEST HOLDINGS, INC.

57,556,856 Shares of Common Stock


This prospectus relates to shares of our common stock that may be sold at various times by the selling shareholders identified under “Selling Shareholders.” These selling shareholders received restricted shares in the Metal Sands Limited acquisition and in private placements since January 1, 2004. We will not receive any of the proceeds from the sale of such shares.

Our common stock is traded on the “Pink Sheets-OTC market” under the symbol “ASWT.PK.”Yahoo - Finance listed a high and low trading price of $.10 and $.05, respectively, for the period from January 1, 2005 through July 31, 2005.