Affinity Technology Group, Inc., incorporated in 1994, was formed to develop and market technologies that enable financial institutions and other businesses to provide consumer financial services electronically with reduced or no human intervention. Products and services previously offered by Affinity Technology Group include its DeciSys/RT loan processing system, which automated the processing and consummation of consumer financial services transactions; the Affinity Automated Loan Machine (the ALM), which allowed an applicant to apply for and, if approved, obtain a loan in as little as 10 minutes; the Mortgage ALM, which allowed an applicant to apply for a mortgage loan; E-xpertLender, which permitted a financial institution to make automated lending decisions through its call centers and branches; iDEAL, which permitted automobile lenders to make automobile lending decisions for loan applications originated at automobile dealers, and rtDS, which permitted lenders to deliver credit decisions to applicants over the Internet. The Company's business activities consist of attempting to enter into license agreements with third parties to license the Company's rights under certain of its patents. As of March 31, 2006, Affinity Technology Group had almost completely exhausted its remaining cash resources. Unless it secures additional capital immediately, the Company may have to consider alternatives for winding down its business, which may include offering its patents for sale or filing for bankruptcy protection. In conjunction with its product development activities, Affinity Technology Group applied for and obtained three patents. The Company has been granted two patents covering its fully automated loan processing systems. In August 2000, the United States Patent and Trademark Office issued to Affinity Technology Group a patent covering the fully automated establishment of a financial account, including credit accounts. In addition, in 1997, Affinity Technology Group acquired a patent that covers the automated processing of an insurance binder through a kiosk. Both of the Company's patents covering fully automated loan processing systems have been subject to reexamination by the United States Patent and Trademark Office (PTO) as a result of challenges to such patents by third parties. On January 28, 2003, the Company received a Reexamination Certificate from the PTO, which formally concluded the reexamination of United States Patent No. 5,870,721. On December 20, 2005, Affinity Technology Group received a Reexamination Certificate (United States Patent No. 5,940,811 C1) from the PTO, which formally concluded the reexamination of United States Patent No. 5,940,811.

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