Affinity Technology Group Announces a Thirty Day Extension of Redmond Due Diligence Period

Business Wire, Sept 6, 2000

Business Editors

COLUMBIA, S.C.--(BUSINESS WIRE)--Sept. 6, 2000

Affinity Technology Group, Inc. (Nasdaq: AFFI) today announced that it has agreed to give Redmond Fund, Inc. an additional 30 days to complete its due diligence review of the company under the Common Stock Purchase Agreement between Affinity and Redmond, which was executed effective as of June 2, 2000.

Redmond was originally required to complete its due diligence investigation of the company during a 90-day period that expires in the first week of September 2000. Redmond now has until the first week in October to complete its due diligence review. Any additional investment by Redmond in Affinity is subject to Redmond's satisfactory completion of its due diligence review of the company.

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. With the exception of Redmond Fund, Inc.'s initial $500,000 investment in the Company in June 2000, Redmond Fund is not obligated to make any additional investment in the Company, and no assurances can be given that Redmond will make any additional investment in the Company.

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