Affinity Announces Fourth-Quarter and Year-End Results
Wednesday March 31, 8:00 am ET


COLUMBIA, S.C.--(BUSINESS WIRE)--March 31, 2004--Affinity Technology Group,
Inc. (OTCBB:AFFI - News) today announced financial results for the fourth
quarter and for the full year ended December 31, 2003.
Revenues for the quarter were $504 thousand, resulting in net income of $29
thousand, or $0.00 per share. Revenues for the quarter included $500,000 of
nonrecurring income. For the comparable period in 2002, revenues were $30
thousand and the Company reported a net loss of $303 thousand, or $0.01 per
share. The weighted average number of shares outstanding during the three
months ended December 31, 2003 was 41.8 million, compared to 40.9 million
for the same period in 2002.

For the year, revenues were $518 thousand, with a net loss of $561 thousand,
or $0.01 per share, compared to revenues of $186 thousand in 2002, with a
net loss of $1.3 million, or $0.03 per share. The weighted average number of
shares outstanding during the twelve months ended December 31, 2003 was 41.5
million, compared to 40.7 million for the same period in 2002.

Joe Boyle, Chairman, President and Chief Executive Officer, stated, "In
2003, our focus was to commence the execution of our patent licensing
program. As a result, we became involved in three lawsuits related to the
enforcement of our patents. As we announced yesterday, we have agreed to
request a stay in two of the lawsuits pending a determination by the U. S.
Patent and Trademark Office as to whether it will grant a request by the
defendants for a reexamination of our patent covering the fully automated
establishment of financial and credit accounts (U. S. Patent No. 6,105,007).
We continue to be pleased with our efforts to control our expenses and
operate with minimum overhead, and were able to further reduce our S G & A
by 29 percent in 2003."

About Affinity Technology Group, Inc.

Through its subsidiary, decisioning.com, Inc., Affinity Technology Group,
Inc. owns a portfolio of patents that cover 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.
5,870,721 C1, No. 5,940,811, and No. 6,105,007.

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 our business is subject to several risks
and uncertainties, including the risks associated with our ongoing
litigation with Temple Ligon; the risks associated with our limited cash
resources, which may require us to consider alternatives for winding down
our business, including filing for bankruptcy protection, and may prevent us
from actively defending our patents or prosecuting ongoing litigation
against alleged infringers; the possibility that we may lose all or some of
the claims covered by our patents as a result of current or future
challenges to our patents; and the uncertainty as to whether we will be able
to enter into new patent license agreements that generate meaningful
revenues. These and other risks and uncertainties may cause actual results
to differ materially from those projected.

Affinity Technology Group, Inc.

Statement of Operations

Three Months ended Twelve Months ended
December 31, December 31,
2003 2002 2003 2002
----------- ----------- ----------- -----------
Revenues
Transactions $ - $ 29 $ - $ 104,878
Patent license
fees 4,412 25,000 17,647 25,000
Other income 500,000 4,971 500,000 56,082
----------- ----------- ----------- -----------
Total revenues 504,412 30,000 517,647 185,960

Costs and expenses
Cost of revenues 441 2,527 1,765 16,846
Selling, general
and
administrative
expenses 453,025 314,110 996,711 1,406,841
----------- ----------- ----------- -----------
Total costs
and expenses 453,466 316,637 998,476 1,423,687
----------- ----------- ----------- -----------

Operating income
(loss) 50,946 (286,637) (480,829) (1,237,727)
Interest income 164 647 694 1,643
Interest expense (21,636) (16,606) (80,373) (70,334)
----------- ----------- ----------- -----------
Net income (loss) $ 29,474 $ (302,596) $ (560,508) $(1,306,418)
=========== =========== =========== ===========

Net income (loss)
per share - basic
and diluted $ 0.00 $ (0.01) $ (0.01) $ (0.03)
=========== =========== =========== ===========
Shares used in
computing net
income (loss) per
share 41,833,305 40,881,355 41,512,897 40,707,108
=========== =========== =========== ===========


Balance Sheets December 31,
2003 2002
----------- -----------

Cash and Short
Term
Investments $ 578,398 $ 156,780

Total Current
Assets 598,519 205,230

Total Assets 618,002 234,848

Total
Liabilities 1,947,581 1,143,078

Stockholders'
Deficiency (1,329,579) (908,230)


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Contact:
Affinity Technology Group Inc., Columbia
Joe Boyle, 803-758-2511


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Source: Affinity Technology Group Inc.