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Affinity Announces Court's Grant of TD Ameritrade's Summary Judgment Motion.


COLUMBIA, S.C. -- Affinity Technology Group, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AFFI) today announced that the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Federal Court for the District of South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures


Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15.
 Columbia Division (the "Court") has granted the summary judgment motion filed by TD Ameritrade in January 2007. In its summary judgment motion, TD Ameritrade requested the Court to dismiss the infringement claim for U.S. Patent No. 6,105,007 brought by Affinity through its subsidiary, decisioning.com, Inc., against TD Ameritrade. Based on the Court's Markman rulings from December 2006 concerning the interpretation of the meaning and application of the terms "remote interface" and "verification of identity," the Court granted TD Ameritrade's motion and dismissed the lawsuit.

Joe Boyle, Chairman, President and Chief Executive Officer, stated, "This ruling was consistent with the Court's ruling in our case against Federated Connected and treated as one. See federated database and federated directories.  that we announced several days ago. The basis of the Court's rulings stem from the interpretation and application of certain claim terms the Court interpreted and defined in the Markman Hearing last December. As we have previously stated, we believed that the Court's Markman rulings would probably necessitate an appeal to the U.S. Court of Appeals for the Federal Circuit. That appeal could not commence until the Court ruled on the summary judgment motions. Now we can immediately proceed with the appeals process, which we intend to vigorously pursue. HSBC HSBC Hongkong and Shanghai Banking Corporation
HSBC Humane Society of Broward County (Florida)
HSBC Humane Society of Bay County (Bay County, Michigan) 
 has also filed a summary judgment motion on grounds similar to TD Ameritrade and Federated, and we anticipate receiving rulings by the Court on HSBC's motion soon."

About Affinity Technology Group, Inc.

Through its subsidiary, decisioning.com, Inc., Affinity Technology Group, Inc. owns a portfolio of patents that covers the automated processing and establishment of loans, financial accounts and credit accounts through an applicant-directed remote interface, such as a personal computer or terminal touch screen. Affinity's patent portfolio includes U. S. Patent No. 5,870,721C1, No. 5,940,811C1, and No. 6,105,007C1.

Forward-looking statements in this news release are made pursuant to the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. We cannot offer any assurances that Affinity will prevail on its claims of patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver.  against third parties or that such claims will result in monetary damages to Affinity. Investors are cautioned that our business is subject to several substantial risks and uncertainties, including the Company's very limited capital resources and the possibility that we may be unable to raise additional capital in amounts sufficient to permit us to continue operations; the risk that we may be unable to obtain favorable claims interpretations through post Markman hearing motions and/or appeals; the risk that we may lose all or part of the claims covered by our patents as a result of challenges to our patents; the risk that our patents may be subject to additional reexamination re·ex·am·ine also re-ex·am·ine  
tr.v. re·ex·am·ined, re·ex·am·in·ing, re·ex·am·ines
1. To examine again or anew; review.

2. Law To question (a witness) again after cross-examination.
 by the U.S. Patent and Trademark Office or challenge by third parties; the results of ongoing litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
, including patent litigation and our ongoing lawsuit with Temple Ligon; and unanticipated costs and expenses affecting the Company's cash position. If the Company is not able to raise additional capital when needed or becomes obligated ob·li·gate  
tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates
1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force.

2. To cause to be grateful or indebted; oblige.
 to pay more than an insignificant amount in connection with the Temple Ligon litigation, it may be forced to consider alternatives for winding down its business, which may include offering its patents for sale or filing for bankruptcy protection. These and other factors may cause actual results to differ materially from those anticipated. These factors are discussed in greater detail in the Company's filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the publication date, or for changes made to this document by wire services or Internet Services.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 30, 2007
Words:622
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