Amstar Asset Diligence Failed.

Amstar Financial Services unable to complete acquisition of $3,000,000 asset.

(PRWEB) March 11, 2004 -- Amstar Financial Services (OTCBB-AMAF) failed Investor Due Diligence regarding Amstar's planned acquisition of a $3,000,000 asset. Amstar did not meet the Investor's requirements. Therefore, the Investor abandoned the transaction. No shares were issued and no funds were exchanged.

On March 5th the Company announced that it executed an Assignment for the Benefit of its Creditors.

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 Companys failure to close on an asset acquisition and entering into an Assignment for the Benefit of Creditors. This statement speaks 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.