~~Table~~UNITED ofSTATES SECURITIES ~~Contents~~AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

~~UNITED~~FORM ~~STATES~~8-K ~~SECURITIES AND EXCHANGE COMMISSION~~ ~~WASHINGTON, D.C. 20549~~

~~FORM~~CURRENT ~~8-K~~REPORT

~~CURRENT REPORT~~ PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

March 21, 2002		0-27749
December 31, 2002		0-27749
Date of Report (Date of earliest event reported)		Commission File Number

SYNDICATED FOOD SERVICE INTERNATIONAL INC.

f/k/a Floridino’s International Holdings, Inc. (Exact name of registrant as specified in its charter)

Florida		59-3479186
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)

Overlook III, 2859 Paces Ferry Road, Suite 250, Atlanta, Georgia		30039
Overlook III, 2859 Paces Ferry Road, Suite 750, Atlanta, Georgia		30339
(Address of Principal Executive Offices)		(Zip Code)

(770) 754-6131 (Registrant’s telephone number, including area code)

(Registrant’s telephone number, including area code)


3560 Cypress Gardens Road, Winter Haven, Florida		33884

(Former address, if changed since last report)		(Zip Code)

3560 Cypress Gardens Road, Winter Haven, Florida		33884
(Former address, if changed since last report)		(Zip Code)

Item 5. Other Events and Regulation FD Disclosure

~~TABLE~~Settlement OFof ~~CONTENTS~~Litigation and Claims

~~SIGNATURES~~The Company has entered into settlement agreements with various claimants who had filed lawsuits or made claims against the Company or its wholly owned subsidiary, Beasley Food Service, Inc. (“Beasley”) relating to receivables allegedly owed by the Company and Beasley to certain factoring companies. The Company’s Chief Executive Officer and Board of Directors, with the assistance of counsel, initiated investigations into the facts and circumstances alleged in each complaint and determined that it was in the best interests of the Company to settle the cases on behalf of the Company and Beasley, where the Company was able to negotiate a fair settlement.

~~Table~~On August 26, 2002, the Company entered into a settlement agreement with Platinum Funding Corp. which had commenced a civil action against the Company and its former Chief Executive Officer, William Keeler, in the Superior Court of ~~Contents~~New Jersey, Bergen County — Law Division bearing Docket No. BER-L-9384-01. The complaint alleged that the plaintiff factored receivables allegedly owed by the company to United Brands LLC in the amount of approximately $438,000 based upon representations made by the Company’s former Chief Executive Officer, William Keeler. The Company settled the case on its behalf and on behalf of Beasley with the settlement amount to be paid in installments through July 15, 2003.

~~Item~~On December 531, 2002, the Company entered into a settlement agreement with Prime Capital Group, Inc. ~~Other~~which ~~Events~~had filed suit against Beasley in the Circuit Court of the Ninth Judicial Circuit in and ~~Regulation~~for Orange County, Florida, bearing Case No. FDCIO-02-126. ~~Disclosure~~The complaint alleged that the plaintiff factored receivables allegedly owed by the company to in the amount of $152,047.50. The Company settled the case on behalf of Beasley for an amount that it considered to be justifiable based on the facts uncovered by its investigation into the claim.

~~Termination~~On December 31, 2002, the Company entered into a settlement agreement with Cebcor Service Corporation as to its claim that Cebcor factored receivables allegedly owed by Beasley in the amount of approximately $117,000. The Company settled the claim on behalf of Beasley for an amount that it considered justifiable based on the facts uncovered by its investigation into the claim. The settlement included the issuance of warrants to purchase 93,600 shares of the Company’s ~~Chief~~stock ~~Executive~~at ~~and~~a ~~Other~~per ~~Officers~~share exercise price of $1.00, with an expiration date of December 31, 2005.

On ~~March~~December 2131, 2002, the ~~company’s~~Company ~~Board~~entered ofinto ~~Directors~~a ~~voted~~settlement toagreement ~~terminate the~~with ~~employment~~Canfield ~~of William Keeler~~Funding, ~~the~~LLC ~~company’s~~d/b/a ~~former~~Millennium ~~President~~Funding ~~and~~who ~~Chief Executive~~had ~~Officer,~~filed ~~based~~suit onagainst ~~allegations~~the Company ~~that~~in ~~Mr. Keeler~~the ~~participated~~Circuit inCourt ~~events that~~for ~~are~~ the ~~subject~~Tenth ~~matter~~Judicial ofCircuit ~~civil~~in ~~proceedings~~and ~~commenced~~for ~~against~~Polk County, ~~the~~Florida, ~~company and~~bearing MrCase No. ~~Keeler~~53-2002-CA00-2134; inand ~~the~~against ~~Superior~~Beasley in Monroe Circuit Court, State of ~~New~~Indiana, ~~Jersey~~bearing ~~for~~Cause ~~Bergen~~No. 53C02 ~~County,~~0205 ~~Law Division~~PL00878. The Incomplaints alleged that ~~case,~~ the plaintiff, ~~Platinum Funding Corp., alleges that it~~ factored receivables allegedly owed by the ~~company~~Company ~~to United Brands LLC~~ in the amount of ~~approximately~~ $~~438~~156,~~000~~758.90. ~~based~~The ~~upon~~Company ~~alleged~~settled ~~representations~~both ~~of Mr.~~cases ~~Keeler~~for ~~concerning~~an ~~validity~~amount ofthat ~~the~~it ~~transactions~~considered ~~underlying~~justifiable ~~the~~based ~~factored receivables.~~on ~~The~~the ~~Board~~facts ofuncovered ~~Directors~~by its ~~also~~investigation ~~determined~~into ~~that~~the Mrclaims. ~~Keeler~~ ~~otherwise failed~~The tosettlement ~~perform~~included ~~his~~the ~~duties~~assignment asof ~~the~~a portion ~~company~~of Beasley’s ~~Chief~~claim ~~Executive~~in ~~Officer~~the ~~by,~~United ~~among other~~Container ~~things~~Bankruptcy, ~~failing~~In tore ~~correct financial statements filed with the~~ United ~~States~~Container, ~~Securities~~L.L.C. ~~and~~currently ~~Exchange~~pending ~~Commission~~in ~~after~~United heStates ~~learned~~Bankruptcy ~~that~~Court ~~the~~for ~~information~~the ~~contained~~Middle ~~therein~~District ~~was~~of ~~incorrect and was so advised by the company’s outside auditors~~Florida.

On ~~March~~December 2131, 2002, the ~~company’s~~Company ~~Board~~entered ofinto ~~Directors~~a ~~also~~settlement ~~voted~~agreement towith ~~terminate the~~Mid ~~employment~~American ofCapital ~~Gil~~Resource ~~Condinho~~Group, Inc. who had filed suit against Beasley in the District ~~company’s~~Court ~~former~~of ~~Vice~~Dallas ~~President~~County, ~~Marketing~~Texas 101st Judicial Circuit, ~~and~~bearing Cause ~~George~~No. 02-1652. ~~Casale,~~The complaint alleged that the ~~company’s~~plaintiff ~~former~~factored ~~Vice~~receivables allegedly ~~President~~owed ~~Controller.~~by MrBeasley in the amount of approximately $304,046. ~~Condinho~~50. The ~~and~~Company ~~Mr. Casale~~settled ~~were~~the ~~terminated~~case ~~for~~on ~~cause~~Beasley’s ~~based~~behalf onfor ~~allegations~~an amount that ~~they~~it ~~also~~considered ~~participated~~justifiable inbased on the ~~events~~facts ~~that~~uncovered ~~are~~by ~~the~~its ~~subject~~investigation ofinto the ~~Platinum Funding Corp~~claim. ~~litigation~~The ~~referenced~~settlement inincluded the ~~previous~~issuance ~~paragraph,~~of ~~and~~warrants ~~based~~to ~~upon~~purchase ~~the~~247,246 ~~Board~~shares of ~~Directors~~the ~~determination~~Company’s ~~that~~stock ~~they~~at ~~failed~~a toper ~~perform~~share ~~their~~exercise ~~duties~~price asof ~~officers~~$1.00, ofwith an expiration ~~the~~date ~~company~~of December 31, 2005.

~~Termination~~On December 31, 2002, Beasley entered into a settlement agreement with E.S. Bankest who had filed suit against the Company, Beasley and the Company’s subsidiary Floridino Specialties, Inc. in the 11th Judicial Circuit in and for Miami-Dade County, State of ~~Directors~~Florida, in an action styled E.S. Bankest, L.L.C. v. United Beverage Florida,

OnL.L.C., ~~March~~et al., Cause No. 2802-13207-CA-04 seeking recovery of approximately $286,000 ~~2002~~relating to factored receivables allegedly owed by the Company and its subsidiaries. The complaint also alleges, among other things, that the defendants ~~Board~~participated ofin ~~Directors~~a ~~present~~scheme atto induce the ~~meeting~~plaintiff ~~unanimously~~to factor what ~~voted~~plaintiff alleges were fraudulent receivables for goods that were never delivered or were delivered to ~~remove~~parties ~~William~~other ~~Keeler~~than the Company. The complaint sought to recover $100,725 from ~~the~~Beasley. ~~company~~On Beasley’s ~~Board~~behalf, ofthe ~~Directors~~Company settled the case for an amount that it considered justifiable based on the facts uncovered by its investigation into the claim. The claims by E.S. Bankest against the Company and its subsidiary Floridino Specialties, Inc. remain pending.

~~Resignation~~As previously disclosed in the Company’s 8K, filed August 22, 2002, the Company faced potential liabilities in excess of ~~Directors~~approximately $1.6 million as a result of the lawsuits and ~~Officers~~claims described above. The Company’s potential liability from the remaining claims by E.S. Bankest against the Company and Floridino Specialties is approximately $200,000 based on the face value of the invoices sued upon. E.S. Bankest is alleging entitlement to additional damages under various legal theories.

~~Nick~~The ~~Pirgousis~~monies ~~resigned~~used asby ~~Chairman~~the ofCompany to settle the ~~company’s~~lawsuits ~~Board~~and ofclaims ~~Directors~~described ~~effective~~above onwas ~~February 28,~~secured ~~2002~~from a third party via an unsecured promissory note.

~~Roman~~While ~~Fisher~~the ~~resigned~~Company’s asmanagement ais ~~director~~not aware of any other pending complaints, there may be additional claims of which the ~~company~~Company ~~effective~~is onnot ~~May 4,~~presently ~~2002~~aware asserted against the Company and its subsidiaries in the future.

~~Frank~~The ~~Dolney~~Company ~~resigned~~and asits asubsidiaries ~~director,~~face other lawsuits and asclaims, unrelated to the ~~Treasurer~~claims ~~and~~described ~~Secretary~~above, ofthat ~~the~~on an individual basis may be immaterial to ~~company~~the ~~effective~~Company’s onfinancial ~~June 17~~condition, ~~2002~~such as collection matters asserted by service providers and trade creditors and an employment-related claim asserted by a former employee.

~~Appointment~~The ofCompany’s ~~New~~Inability ~~Directors~~to File Forms 10-KSB and ~~Officers~~10-QSB

OnThe Company’s Annual Report on Form 10-KSB for the year ended December 31, 2001, and the Company’s Quarterly Reports on Form 10-QSB for the quarters ended March 2131, 2002, June 30, 2002 and September 30, 2002 have not been timely filed. The Company remains unable to file the ~~company~~outstanding Form 10-KSB and Forms 10-QSB due to, among other things, the terminations in March, 2002 of all of the Company’s ~~Board~~executive ofofficers ~~Directors~~and ~~unanimously~~a ~~voted~~director, tothe resignation of its ~~appoint~~former ~~Thomas~~Chairman P.and ~~Tanis~~all other directors, ~~Jr.~~the asCompany’s limited financial resources, and the ~~company~~time and expense required to reconstruct the historical financial information necessary to compile the Company’s ~~Chief~~audited ~~Executive~~financials ~~Officer~~for the year ended December 2001, and athe interim quarters ended March 31, June 30 ~~director~~and September 30, 2002. The Company is in the process of working with its advisors to compile all financial and other information needed to complete the outstanding ~~company~~reports and intends to file them in the near future.

~~On April 29, 2002, the Board of Directors unanimously voted to appoint Charles~~SIGNATURES ~~A. Beasley as a director of the company to fill the vacancy created by the~~ removal of Mr. Keeler as a director of the company. Mr. Beasley also serves as the company’s Assistant Secretary and as the President of the company’s wholly-owned subsidiaries, Beasley Food Service, Inc and Beasley Transportation, Inc.

OnPursuant ~~June 21,~~to ~~2002,~~ the ~~Board~~requirements of ~~Directors~~the ~~unanimously~~Securities ~~voted~~Exchange toAct ~~appoint~~of ~~William~~1934, the ~~Breneman~~registrant ashas aduly ~~director~~caused ofthis ~~the~~report ~~company~~ to ~~fill~~be ~~the~~signed ~~vacancy~~on ~~created~~its behalf by the ~~resignation~~undersigned ofhereunto ~~Frank~~duly ~~Dolney as a director of the company~~authorized.

Pending Litigation and Claims


		Syndicated Food Service International, Inc. (Registrant)



Date January 15, 2003		/s/ Thomas P. Tanis, Jr. (Signature)*

		Thomas P. Tanis, Jr. Chief Executive Officer

As previously reported in the company’s Form 10-QSB/A dated March 22, 2002, in December 2001, plaintiff Platinum Funding Corp. commenced a civil action against the company and its former Chief Executive Officer, William Keeler, in the Superior Court of New Jersey, Bergen County — Law Division. The complaint alleges that

the plaintiff factored receivables allegedly owed by the company to United Brands LLC in the amount of approximately $438,000 based upon representations made by Mr. Keeler relating to the transactions underlying the factored receivables. To the company’s knowledge, the goods that gave rise to the factored receivables allegedly owed by the company were not delivered to the company or any other party. The company has answered the complaint by contesting the court’s jurisdiction and denying the allegations of the complaint. This lawsuit relates in part to the gross sales, accounts payable and accounts receivable that are the subject matter of the restatement described Note 8 to the Notes to the Financial Statements included with the company’s Form 10-QSB/A dated March 22, 2002.

In July 2002, plaintiff E.S. Bankest LLC commenced a civil action against the company, two of company’s wholly-owned subsidiaries, Floridino’s Specialties, Inc. (“Floridino’s”) and Beasley Food Service, Inc. (“Beasley”), an unrelated third party from which the company acquired assets in 2001, Asheville Packing Company, Inc. (“Asheville”), the company’s former chairman, Nick Pirgousis, the company’s former Vice President Marketing, Gil Condinho, the company’s former Vice President Controller, George Casale, and numerous other defendants in the Circuit Court of the 11th Judicial Circuit in and for Miami-Dade County, Florida, General Jurisdiction Division. The complaint alleges that the plaintiff factored receivables allegedly owed by the company, Floridino’s, Beasley and Asheville to United Brands LLC in the amount of approximately $286,000. The complaint also alleges, among other things, that the defendants participated in a scheme to induce the plaintiff to factor what plaintiff alleges were fraudulent receivables for goods that were never delivered or were delivered to parties other than the account debtor. The company only recently learned of the lawsuit. The company’s Chief Executive Officer and Board of Directors, with the assistance of counsel, has initiated an investigation into the facts and circumstances alleged in the complaint. The company intends to answer the complaint and deny the plaintiff’s allegations.

The company also has been notified of claims similar to those asserted in the Platinum Funding and Bankest lawsuits asserted by at least two other factoring companies. The company also is in the process of investigating those claims.

The company faces potential liabilities in excess of approximately $1.6 million as a result of the lawsuits and claims described above. There may be additional claims of which the company is not presently aware asserted against the company and its subsidiaries in the future.

The company and its subsidiaries face other lawsuits and claims, unrelated to the pending litigation described above, that on an individual basis may be immaterial to the company’s financial condition, such as collection matters asserted by service providers and trade creditors and an employment-related claim asserted by a former employee.

The Company’s Inability to File Forms 10-KSB and 10-QSB

The company’s Annual Report on Form 10-KSB for the year ended December 31, 2001, and the company’s Quarterly Reports on Form 10-QSB for the quarter ended March 31, 2002 have not been timely filed. As stated in the company’s Form 12b-25 dated March 29, 2002, the company’s outstanding Form 10-KSB for the year ended December 31, 2001 could not be timely filed due to the company’s acquisition of two new businesses in late 2001. The company remains unable to file the outstanding Form 10-KSB and Form 10-QSB due to, among other things, the recent terminations of all of the company’s executive officers and a director, the resignation of its former Chairman and all other directors, the company’s limited financial resources, and the time and expense required to reconstruct the historical financial information necessary to compile the company’s audited financials for the year ended December 2001, and the quarters ended March 31 and June 30, 2002. The company is in the process of working with its advisors to compile all financial and other information needed to complete the outstanding reports and intends to file them in the near future.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:	August 22, 2002	By:	/s/ Thomas P. Tanis, Jr.
		Name:	Thomas P. Tanis, Jr.
		Title:	Chief Executive Officer

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