UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

___________________

FORM 8-K

___________________

CURRENT REPORT PURSUANT ~~TO SECTION 13 OR 15(D) /~~

TO ~~OF THE~~SECTION ~~SECURITIES~~13 ~~EXCHANGE~~OR ~~ACT~~15(D) OF ~~1934~~THE

SECURITIES ~~December 9,~~EXCHANGE ~~2007~~ACT OF 1934

~~Date of~~June ~~report (Date of earliest event reported)~~12, 2008

(Date of earliest event reported)

___________________

DURAVEST, INC.

(Exact Name of Registrant as Specified in Its Charter)

___________________

FLORIDA	0-27489
State or Other Jurisdiction of Incorporation	Commission File Number

65-0924320

IRS Employer Identification Number

___________________

1040 S. Milwaukee Ave, Suite 250, Wheeling, ILIllinois 60090

(Address of Principal Executive Offices/Zip Code)

(312) 525-8285

(Registrant’s Telephone Number, Including Area Code)

Check the ~~101~~appropriate box below if the Form 8-K filing is intended to satisfy N.simultaneously ~~Wacker~~the ~~Drive,~~filing ~~Suite~~obligation ~~2006,~~of ~~Chicago~~the ~~Illinois~~registrant ~~60606~~under any of the following provisions (see General Instruction A.2. below):

(Former name or former address, if changed since last report)

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item 5~~Section 1.~~02 Departure~~ of- ~~Directors~~Registrant's orBusiness ~~Principal Officers;~~and ~~Election of Directors; Appointment of Principal Officers~~Operations

Item ~~On December 9, 2006, Friedrich-Whilhelm Goebel, a member of the Company’s Board of Directors, informed Duravest that he was resigning from the Board effective immediately~~1.01 Entry ~~Duravest~~into ~~understands that Mr. Goebel resigned because (i) Mr. Goebel is the founder and Chief Executive Officer of Viscardi AG, one of the defendants in~~ a ~~lawsuit~~Material ~~initiated by the Company~~Definitive on November 21, 2007 in the United States District Court for the Southern District of New York arising from the Company’s purchase of shares of common stock of BMTS, Inc. in November 2005 and January 2006 (the “Litigation”), and (ii) Mr. Goebel alleges that management undertook the Litigation without authorization by the Company’s Board of Directors and that such actions were in violation of the Company’s by-laws. Mr. Goebel provided a letter to the Company discussing his resignation, which letter is filed as an exhibit to this Current Report on Form 8-K. Contrary to the allegations set forth in Mr. Goebel’s letter, the Company’s Board was apprised of the Litigation and approved the filing of the Litigation at a meeting of the Board held on October 12, 2007 and, pursuant to Article D, Section 3 of the Company’s by-laws, Mr. Hammje, as the interim Chief Executive Officer, has as his duties “general and active management of the business and affairs of the Corporation subject to the directions of the Board of Directors.” Accordingly, the Company does not believe that any violation of the Company’s by-laws occurred.Agreement

On June ~~In addition~~12, ~~effective December 31~~2008, ~~2007~~DuraVest, ~~the~~Inc.’s ~~remaining directors of~~ (the ~~Board~~ -“Company”) ~~Dr.~~subsidiary, ~~Hans~~Bio-~~Albert~~Magnetic ~~Kolb and Messrs. Borys Chabursky and Rolf Huber -~~Therapy ~~resigned from the Board. These directors communicated their proposed resignations orally at a telephonic meeting of the Board held on December 17~~Systems, ~~2007 and confirmed such resignation in writing on January 3, 2008~~Inc. Dr. Kolb served as Chairman of the Board and the compensation committee of the Board. None of such directors communicated any disagreement with the Company. At the same telephonic meeting and prior to the effective date of the resignations, the Board: (i“BMTS”), ~~appointed Mr. Hendrik Hammje as~~ a ~~director~~ ~~and~~State ~~Chairman~~ of ~~the~~Virginia ~~Board~~corporation, ~~and~~filed ~~Mr. Dieter H. Benz as~~ a ~~director,~~voluntary topetition ~~fill the vacancies created by the aforementioned resignations, and (ii) approved annual compensation~~ for ~~Messrs.~~relief ~~Hammje~~under ~~and~~Chapter ~~Benz~~7 ~~in their capacities as officers~~ of the ~~Company,~~United ofStates ~~$120,000,~~Bankruptcy ~~and the opportunity to earn a bonus equal to twenty percent of their annual compensation based on meeting performance objectives set by the Board~~Code, ~~plus a guaranteed bonus~~Case ~~of $50,000 to be paid on January 2008~~No. ~~The performance objectives have not been determined as of the date of this Form 8~~08-K.13393-SSM ~~Each of Messrs. Hammje and Benz has elected to defer receipt of~~ (the ~~$50,000~~"Bankruptcy ~~bonus~~Case") asin the ~~Company continues~~United toStates ~~explore~~Bankruptcy ~~its strategic alternatives~~Court, ~~but each has also~~ ~~reserved~~for the ~~right~~Eastern toDistrict ~~demand such bonus at any time after January 2008. Mr. Hammje has served as the interim Chief Executive Officer~~ of ~~the Company~~Virginia ~~since September 2006 and Mr. Benz has served as~~ (the ~~interim~~"Bankruptcy ~~Chief Financial Officer of the Company since February 2007, and each of them continues to serve in these positions~~Court").

~~ITEM~~The 9date jurisdiction was assumed is June 12, 2008.01 ~~FINANCIAL~~The ~~STATEMENTS~~bankruptcy ~~AND~~trustee ~~EXHIBITS~~is H. Jason Gold, c/o Wiley Rein LLP, 7925 Jones Branch Drive, Suite 6200, McLean, Virginia 22102, and the date of his appointment is June 13, 2008.

~~(d)~~In connection ~~Exhibit~~with the filings, BMTS has ceased all business activity and operations. BMTS believes that its assets will be insufficient to satisfy the claims of all creditors and it is unlikely that BMTS’ shareholders will be eligible to participate in any distributions of BMTS’ assets as a result of the Bankruptcy Case.

~~Exhibit~~The 99court bankruptcy ~~Resignation~~trustee ofwill ~~Friedrich-Wilhelm~~be ~~Goebel~~responsible ~~from~~for ~~Duravest’s~~the ~~Board~~wind-up of ~~Directors~~the business.

Item 1.03 – Bankruptcy or Receivership

On June 12, 2008, BMTS filed a filed a Chapter 7 bankruptcy petition, Case No. 08-13393-SSM in the United States Bankruptcy Court, for the Eastern District of Virginia (described above under Item 1.01 of this Report, which description is incorporated by reference herein).

SIGNATURES

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

	DURAVEST, INC.
Dated: January 23, 2008	By: /s/ Dieter Benz
Dated: June 23, 2008	By: /s/ Hendrik Hammje
	Dieter Benz, Chief Financial Officer
	Hendrik Hammje, President and Chief
	Executive, Officer and a Director

Filing Compare · DURAVEST INC