Affinity Announces Third Quarter Results.

COLUMBIA, S.C. -- Affinity Technology Group, Inc. (OTCBB:AFFI) today announced financial results for the third quarter and nine months ended September 30, 2006.

Revenues for the quarter were $8 thousand, with a net loss of $1.6 million, or $0.04 per share. Third quarter 2005 revenues were $4 thousand and the Company reported a net loss of $135 thousand or $0.00 per share. The weighted average number of shares outstanding during the three months ended September 30, 2006 was 45.0 million, compared to 42.2 million for the same period in 2005.

For the first nine months of 2006, revenues were $25 thousand, with a net loss of $1.9 million, or $0.04 per share. Revenues for the comparable period in 2005 were $13 thousand, with a net loss of $430 thousand, or $0.01 per share. The weighted average number of shares outstanding during the nine months ended September 30, 2006, was 43.8 million, compared to 42.2 million for the same period in 2005.

Joe Boyle, Chairman, President and Chief Executive Officer of Affinity, stated, "Our financial results for the first nine months of 2006 and, particularly, the third quarter were affected by several factors. As expected, due to our expanded litigation efforts, expenses associated with our patent infringement lawsuits increased. Additionally, during the third quarter we recognized non-cash expenses of $739 thousand associated with stock-based compensation and an accrual of $382 thousand related to the Ligon appeal which we announced several weeks ago.

"The third quarter was eventful for the Company. As previously announced, we engaged Morgan Keegan to advise the Company, expanded our legal team, resolved the default status of our convertible notes and sold $1.9 million of additional convertible notes.

"Our patent infringement lawsuits continue to proceed through the discovery phase and a Markman hearing is scheduled for the first week in December. Markman hearings are specific to patent lawsuits and involve proceedings held by the trial judge for purposes of ruling on the interpretation of patent claims."

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 provisions of the Private Securities Litigation Reform Act of 1995. We cannot offer any assurances that Affinity will prevail on its claims of patent infringement 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 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 by the U.S. Patent and Trademark Office or challenge by third parties; the results of ongoing litigation, including patent litigation; and unanticipated costs and expenses affecting the Company's cash position. If the Company is not able to raise additional capital, 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.

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