Exhibit 99
FOR IMMEDIATE RELEASE
Contact: Joe Boyle
Chief Executive Officer
803-758-2528
AFFINITY TECHNOLOGY GROUP STOCK DELISTED FROM NASDAQ
Columbia, SC, February 13, 2001- Affinity Technology Group, Inc. (Nasdaq: AFFI)
announced today that it has received notification that, effective immediately,
its stock has been delisted from The Nasdaq SmallCap Stock Market. The decision
from Nasdaq was issued following an appeal and a hearing before the Nasdaq
Listing Qualifications Panel. The company previously announced that it had been
notified by the Nasdaq Stock Market that it was not in compliance with Nasdaq's
listing standards that required the company's stock to maintain a minimum bid
price of $1.00 or more. The company was given until December 28, 2000 to regain
compliance, but the company's common stock did not meet the minimum bid price
requirements prior to the deadline. Effective immediately the company's stock is
eligible to trade on the OTC bulletin board.
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 solutions 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.
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.