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FOR IMMEDIATE RELEASE
Contact: Joe Boyle
Chief Executive Officer
803-758-2528
AFFINITY RECEIVES APPROVAL OF NASDAQ
SMALLCAP MARKET APPLICATION
Columbia, SC, April 18, 2000
- Affinity Technology Group, Inc. [NASDAQ: AFFI] today announced
that its application to transfer from the Nasdaq National Market
to the Nasdaq SmallCap Market has been approved, following the successful
completion of an application and review process by Nasdaq. Affinity
has been trading on the Nasdaq SmallCap Market on a conditional
basis since March 27.
Affinity's technology enables financial institutions to link their
branches, call centers, Internet customers, and indirect agents
electronically to their credit departments, providing fully automated
lending - and, if necessary, connectivity to a loan officer - through
every channel. For financial institutions, Affinity's solutions
expedite loan decisioning and processing and increase productivity
and capacity of branch personnel, call center agents, loan officers,
and indirect agents, while improving the overall customer experience.
Affinity is located on the World Wide Web at www.affi.net.
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Forward-looking statements in this news
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned
that forward-looking statements involve risks and uncertainties,
including general economic conditions, delays and risks associated
with the development of new technologies, consumer and industry
acceptance of automated delivery channels, and regulatory risks,
that may cause actual results to differ materially from those projected.
NOTE TO INVESTORS AND EDITORS: Affinity's press
releases are available on the Internet through Business Wire's web
site at http://www.businesswire.com. The releases are also available
at no extra charge through Business Wire's Company News-On-Demand
fax service at 1-800-340-7544.
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