Washington, D.C. 20549

                          FORM 8-K

                       CURRENT REPORT

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

Date of Report: January 17, 2003

                       GROUP MANAGEMENT CORP.
     (Exact name of registrant as specified in its Charter)

   Delaware                  0-32635              59-2919648
(State of Incorporation)  (Commission file number)  (IRS
Employer ID #)

          101 Marietta St., Suite 1070, Atlanta, GA   30303
          (Address of principal executive office)    (Zip

Registrant's telephone number: (404) 522-1202

Item 5: Other Events and Regulation FD Disclosure

Group  Management has appointed Barry Corker  to  fulfill  a
vacancy on its Board of Directors.

     Barry  Corker is a graduate of Georgia State University
where  he  attained  a  Bachelor of Business  Administration
degree with an emphasis in Finance.

     He spent 10 years with Delta Airlines, Inc., serving in
various  customer  service  and marketing-related  functions
that included vendor negotiations, budget analysis, customer
reliability studies and community affairs projects.
     Barry  then left Delta Airlines in August of  1994  and
began  his  career  as a Financial Consultant  with  Merrill
Lynch,  Inc.,  where  he  served 5 and  one-half  years  and
graduated   with   honors  from  the  coveted   Professional
Development  Program  (PDP)  that  is  recognized   in   the
financial  industry as one of the most prestigious  training
avenues for Investment Advisors.
     In  July  of 1999 he left Merrill Lynch and  opened  an
     Independent   office  with  Raymond   James   Financial
     Services   where  he  served  as  Branch  Manager   and
     Financial Advisor to many high net-worth clients. After
     working  1 and one-half years under the Branch  Manager
     arrangement,  he then formed The Corker Capital  Group,
     LLC  and partnered with TD Waterhouse Institutional  to
     provide  extensive  financial and  investment  advisory
     services  along with research analysis for his existing
     clientele and community.

Barry  is  actively  involved with many noted  organizations
within  the  Atlanta  area.  He serves  tirelessly  as  Vice
President   of   the   Georgia   State   University   Alumni
Association. He is a member of the Board of Advisors for the
Jesse  Draper  Boys  & Girls Club and is  a  member  of  the
Atlanta  Business League. He is also a board  representative
with the African American Health Foundation.

Barry  Corker is a NASD General Securities Principal (Series
24  license),  holds a Series 7, Series  63  and  Series  65
Registered Investment Advisor (RIA) licenses.
Barry is a recognized and dynamic public speaker in which he
holds   various  seminars  and  workshops  involving  estate
planning,  tax reduction strategies and investment  analysis
procedures for business owners and non-profit organizations.

Group  Management Corp. is fortunate to have  an  individual
with   the  experience  necessary  to  operate  a  financial


         Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has caused this report
to be signed by the Chief Executive Officer.

                           Group Management Corp.

                            /s/ Thomas Ware
                            Thomas Ware, Chief Executive