Affinity Announces Termination of Agreement with LPS Group.Business Editors/High-Tech Writers COLUMBIA, S.C.--(BUSINESS WIRE)--May 1, 2003 Affinity Technology Group, Inc. (OTCBB:AFFI AFFI - American Frozen Food Institute AFFI - Associated Fire Fighters of Illinois AFFI - Association Francaise des Femmes Ingenieurs) today announced that its patent licensing subsidiary, decisioning.com, Inc., has notified LPS Group that it is terminating its exclusive patent licensing agreement with LPS Group effective immediately. The Company terminated the agreement because Dooyong Lee, the president of LPS Group, resigned his position with LPS Group to join another patent licensing firm. The Company is evaluating its alternatives, which may include engaging a new patent licensing agent or law firm to pursue its patent licensing program. About Affinity Technology Group, Inc. Through its subsidiary, decisioning.com, Inc., Affinity Technology Group, Inc., owns a portfolio of patents that cover 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. 5,870,721, No. 5,940,811, and No. 6,105,007. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We cannot assure you that we will be able to license any of our patents. Moreover, we cannot assure you that our patents will not be subject to additional reexamination by the U. S. Patent and Trademark Office or additional challenges by third parties or that we will not lose all or part of the claims covered by these patents. Further, we cannot assure you that we will have sufficient capital resources to execute our patent licensing strategy. Investors are cautioned that these statements involve several risks and uncertainties that may cause actual results to differ materially from those projected. |
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