SECURITIES AND EXCHANGE COMMISSION
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 (Date of earliest event reported) January 15, 2004
AMSTAR FINANCIAL SERVICES, INC.
(Exact name of registrant as specified in its charter)
Florida 0-25803 65-0181535
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
10800 Biscayne Blvd., Suite 500, Miami, FL 33161
Registrant's telephone number, including area code (305) 751-3232
Item 5. Other events
On January 15, 2004 the registrant filed a press release discussing
$3,000,000 asset acquired.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit 99. Press Release dated January 15, 2004 announcing $3,000,000
asset acquired.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
AMSTAR FINANCIAL SERVICES, INC., INC.
By: s/Nelson A. Locke
January 19, 2004 Nelson A. Locke
Chairman
Exhibit 99, Press Release.
Amstar Financial Services Acquires $3,000,000 Asset
JUPITER, Fla.--(BUSINESS WIRE)--Jan. 15, 2004--
Amstar Financial Services, Inc. (OTCBB:AMAF) announced effective
12/31/03 it acquired a $3,000,000 Asset subject to additional diligence.
The $3,000,000 Asset is a Note Receivable secured by a 1st Mortgage on
land recently valued at over $50,000,000. The Asset was acquired in
exchange for fully restricted shares of Amstar common stock valued
at 75 cents per share, and Amstar will retain all voting rights until
the Note is paid.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: The Private Securities
Litigation Reform Act of 1995 provides a safe harbor from civil litigation
for forward-looking statements. This news release contains information
regarding the Company's acquisition of a $3,000,000 Asset in exchange for
fully restricted common stock issued at a value of 75 cents a share. It is
uncertain if this will have an effect of any kind on our future business
results. Our results are subject to risks and uncertainties that could
cause our actual performance to differ materially from those previously
expected and discussed in prior press releases or SEC filings. Factors
that might cause such a difference include the possibility of lower
revenues for the balance of the fiscal year, greater than anticipated
operating costs, issuance of additional shares, the outcome of other
litigation, the decline of availability of mortgages at reasonable
rates, and a downturn in general economic conditions. These forward-looking
statements speak only as of the date made. We undertake no obligation to
update any forward-looking statements to reflect events or circumstances
arising after the date on which they are made. To contact Investor
Relations, email the Company at info@americassenior.com. The Company's web
addresses are www.americassenior.com, www.synergy-mortgage.com and
www.jupiter-mortgage.com.
CONTACT:Amstar Financial Services, Inc., Jupiter Nelson Locke,
800-760-5363, Ext. 2266 Fax: 305-762-5548 E-mail: info@americassenior.com
SOURCE: Amstar Financial Services, Inc.