Amstar Financial Services Announces Another Bank Lending Agreement.

Business Editors

JUPITER, Fla.--(BUSINESS WIRE)--Oct. 23, 2003

Amstar Financial Services, Inc. (OTCBB:AMAF) announced today it has signed another agreement with a small regional Bank, this time in Amstar's Western Region, to provide mortgage lending services to the Bank. The

services will include FHA, conventional, sub-prime, and construction-to-permanent lending programs. This marks another in a series of agreements made by Amstar as it expands operations in the Colorado and Montana markets. Michael Buono, Amstar president said: "These markets represent tremendous opportunity. We deliver a high technology solution allowing small Banks and Credit Unions to offer lending services without having to create the infrastructure." Amstar CEO Nelson Locke continued: "Our business plan utilizes four unique platforms that give Amstar a hedge against weakness in any one sector. Business-to-business is important because it feeds our secondary platform while serving markets that otherwise might not have access to products such as these."

Amstar's primary business is mortgage lending. Recent Interest Rate reports show that the current FHLMC 30 Year Mortgage Rate is essentially unchanged from the same time last year, hovering at the 6% mark. The Financial Forecast Center, in a series of graphs and data posted as of October 20th, predicted that the 30 year Mortgage Interest Rate should stay at or around 6% through March 2004. These graphs can be viewed at http://www.forecasts.org.

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 a new relationship that is being launched by the Company. It is uncertain if the new relationship will have an effect on our future business results. Our results are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in this news release. 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 http://www.americassenior.com, http://www.synergy-mortgage.com and http://www.jupiter-mortgage.com