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)    February 28, 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 February 28, 2004 the registrant filed a press release with an
announcement of the curtailment of mortgage lending operations

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

(c)  Exhibits

Exhibit 99.	Press Release dated February 28, 2004 announcing curtailment
of mortgage lending operations.



Amstar Financial Services, Inc. (OTCBB:AMAF) announced that its
Board of Directors ordered curtailment of the Company's Florida mortgage
lending operations effective March 1, 2004. During the last quarter of 2003
and continuing into the first quarter of 2004, the company along with other
mortgage lenders nationwide experienced substantial declines in mortgage
originations from the prior record pace despite historically low interest
rates. The Company responded by closing four lending offices and
consolidating all its support operations to the Jupiter and Miami offices.
The Company reduced other expenses but was unable to overcome its negative
cash flow without anticipated funding, which did not materialize. The
curtailment affects approximately 50 employees at the Company's Jupiter
Mortgage, Synergy Mortgage Solutions, and America's Senior units in
Jupiter, Fl and Miami, Fl. Until further notice, the Company's Colorado
division will continue to operate.

The Company is continuing to evaluate its options but warns investors
that it may be required to close its doors permanently. The Company also
warns that it does not anticipate the ability to file its Form 10-KSB for
the year ended December 31, 2003 and as a result quotation of its common
stock on the OTC Bulletin Board may be suspended in accordance with
the OTCBB rules.

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
forward-looking statements that reflect the Company's intention to
curtail its mortgage lending operations and inability to file Form
10-KSB.  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.

For information email info@amstarfinancial.net

Amstar Financial Services, Inc.
10800 Biscayne Blvd - Suite 500
Miami, FL 33161






	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

February 28, 2004               Nelson A. Locke
                               Chairman