Affinity Comments on Entry Posted on the U.S. Patent and Trademark Office's Website.COLUMBIA, S.C. -- Affinity Technology Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AFFI) today announced that the Patent Application Information Retrieval information retrieval Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. (PAIR) system database maintained by the U.S. Patent and Trademark Office (USPTO USPTO abbr. United States Patent and Trademark Office ) was updated on March 27, 2006 to indicate that the USPTO had completed the 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. of U.S. Patent No. 6,105,007 and mailed a "Notice of Intent to Issue a Reexamination Certificate" to the Company. The Company has not received any written communication from the USPTO regarding the completion of the reexamination and is not able to provide any additional information at this time. Joe Boyle, Chairman, President and Chief Executive Officer, stated, "With this development, we are cautiously optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that we may be nearing the completion of the reexamination of U.S. Patent No. 6,105,007. We must emphasize, however, that we have not received any written communication from the USPTO regarding the completion of this reexamination. Accordingly, assuming the information posted by the USPTO on PAIR is accurate, we are unable at this time to evaluate the effect of this development on the validity issues addressed in the reexamination of U.S. Patent No. 6,105.007. We hope to have additional information about this matter 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 au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. 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 C1, No. 5,940,811 C1, and No. 6,105,007. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. In particular, the Company has not received any written communications from the U.S. Patent and Trademark Office regarding the completion of the reexamination of U.S. Patent No. 6,105,007 and therefore is unable to confirm that the reexamination is complete or evaluate the effect of this development on the validity issues addressed in the reexamination process. Accordingly, no assurances can be given as to the timing or ultimate outcome of the reexamination of the Company's financial account patent. Moreover, 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 existing and future 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 possibility that all or some of the holders of the convertible secured notes issued by the Company may take action to collect the amounts outstanding under these notes; the result 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. ; 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. Moreover, if any holder of the convertible notes issued by the Company takes action to collect the amounts owed by the Company under these notes, the Company will 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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