U.S. 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 May 8, 2003
               (Date of earliest event reported)


              FAMILY STEAK HOUSES OF FLORIDA, INC.
      (Exact name of registrant as specified in its charter)


                         Florida
         (State or other jurisdiction of incorporation)

       _____________                   59-2597349
(Commission File Number)    (IRS Employer Identification No.)


2113 Florida Boulevard, Neptune Beach, FL        32266
(Address principal executive offices)          (Zip Code)


Registrant's telephone number, including area code (904) 249-4197



Item 5.     Other Events

     On May 8, 2003, Family Steak Houses of Florida, Inc. (the
"Company") issued a press release announcing that the Company had
received a Nasdaq Staff Determination on May 1, 2003 stating that
the Company's common stock will be delisted from the Nasdaq
SmallCap Market at the opening of business on May 12, 2003.



Item 7.     Financial Statements and Exhibits

           (c)     Exhibits.

           99.1    Press Release dated May 8, 2003.


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.

                           FAMILY STEAK HOUSES OF FLORIDA, INC.


Date:  May 14, 2003        By:__________________________________
                           Glen F. Ceiley, Chief Executive Officer





                           EXHIBIT INDEX


Exhibit No.



99.1        Press Release dated May 8, 2003 issued by Family Steak
            Houses of Florida, Inc.



Exhibit 99.1





Edward B. Alexander
President                                             May 8, 2003
(904) 249-4l97

                FAMILY STEAK HOUSES OF FLORIDA, INC.
                     ANNOUNCES NASDAQ DELISTING
                       ______________________

NEPTUNE BEACH, FLORIDA - Family Steak Houses of Florida, Inc.
(NASDAQ:RYFL), announced today that it received a Nasdaq Staff
Determination on May 1, 2003 stating that the Company has not
regained compliance with the minimum market value of publicly
held shares of $1,000,000 as set forth in Nasdaq Marketplace Rule
4310(c)(8)(B), does not meet the independent director and audit
committee requirements as set forth in Nasdaq Marketplace Rules
4350(c) and 4350(d)(2), and has not paid its 2003 annual fee in
accordance with Nasdaq Marketplace Rule 4310(c)(13).  The
Company's common stock will be delisted from the Nasdaq SmallCap
Market at the opening of business on May 12, 2003.  Once
delisted, the Company's common stock is expected to trade on the
Over-The-Counter Bulletin Board (OTCBB) under the same trading
symbol (RYFL).  For more information on the OTCBB, visit the
OTCBB web site at www.otcbb.com or to trade OTCBB securities,
contact a registered broker or dealer.

Edward Alexander, President of the Company, stated, "We have
decided not to appeal Nasdaq's decision regarding the delisting,
since it appears we will not be able to comply with the market
value of publicly held shares requirement within such a short
time frame.  However, we believe our shareholders will still be
able to trade the Company's shares on the OTCBB without any
difficulty.  Also, we will save a significant amount in costs
previously paid each year to Nasdaq for the annual listing fee,
issuance of stock options, and other Nasdaq fees that we do not
believe benefited our shareholders."