FOR IMMEDIATE RELEASE
Contact: Joe Boyle
Chief Executive Officer
803-758-2528

AFFINITY TECHNOLOGY GROUP SIGNS EQUITY FINANCING AGREEMENT

Under the terms of the equity line agreement, Affinity has the sole discretion to sell up to 6,000,000 shares of its common stock periodically in monthly installments over an 18-month period.  Shares issued under the equity line arrangement will be priced at 85% of the volume weighted average daily price of Affinity stock at the time of sale.  The company will not be allowed to sell any shares under the agreement until it has registered the resale of such shares under the Securities Act of 1933.  Depending on the number of shares the company ultimately issues under the agreement, the company may be required to obtain shareholder approval for the transaction under Nasdaq rules applicable to transactions involving the issuance of a number of shares of stock equal to or in excess of 20% of the number of shares outstanding prior to the transaction.

The company has issued the investor a three-year warrant to acquire 720,000 shares of Affinity stock at 115% of the average market price of Affinity's stock on the day of issuance.  In addition, the agreement requires the company to issue additional 35-day warrants any time it sells any shares under the agreement.  Such warrants would permit the investor to acquire 25% of the shares sold at such time and would be exercisable at the average purchase price paid by the investor for those shares.

Joe Boyle, President and Chief Executive Officer of Affinity, said,   "This is another significant step in our capital-raising efforts.  The structure of this equity line is exceptionally well suited to accommodate our changing capital needs.  We plan to immediately begin taking the steps necessary to allow us to begin selling shares under the agreement, which we hope to be able to do within the next three to four months, and perhaps sooner."

The shares of common stock to be sold to the investor under the agreement have not been registered under the Securities Act of 1933 and may not be offered or sold without registration or the availability of an applicable exemption from registration. Affinity is required to register such shares for resale by the investor under such Act.   This announcement does not constitute an offer to sell or the solicitation of any offer to buy common stock of Affinity.  Any public offering by such investor will be made by means of a prospectus included in a registration statement to be filed by the company with the Securities and Exchange Commission.

About Affinity Technology Group, Inc.

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 services 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 these statements involve several risks and uncertainties that may cause actual results to differ materially from those projected. In particular, the sale of shares under the agreement described in this press release is subject to an effective registration statement under the Securities Act of 1933 covering the resale of such shares.  Any statements regarding the time required to effect such registration represents management's estimate based on facts and circumstances existing on the date hereof.  Such estimates may turn out to be inaccurate due to several factors, including unexpected positive or negative developments affecting the company that make the registration process more difficult, as well as the length and level of any review of such registration statement by the Securities and Exchange Commission.  In addition, the sale of shares under such agreement is subject to several conditions, including the continuing accuracy of the representations and warranties made by the company in the financing agreement.  A material negative development affecting the company would cause such representations and warranties to no longer be accurate and may prohibit the company from selling shares under such agreement.

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