Current Articles

MEDIA RELEASE
(CDNX:YFG)

Alliance Financing Group selected by IBM Canada Ltd.
to Provide Consumer Financing to IBM Customers

Toronto - April 18, 2002

Alliance Financing Group Inc. (TSX-V symbol "AFG") announced today that it has been selected by IBM Canada Ltd. to provide consumer financing for Canadian customers that purchase IBM's NetVista desktops, ThinkPad notebooks, eServer xSeries and Options by IBM.

The IBM Consumer Finance Program is currently available and will enable IBM Canada to offer attractive, fixed rate term financing to customers across Canada through IBM's call centres, in both official languages and right at the point of sale.

"Transitioning our financing options to Alliance allows us to provide consumer financing options to our customers and leaves us to focus on what we do best, differentiating our IBM PC products through investments in key technology areas, primarily wireless and security," said Ayman Antoun, Director of the Personal Computing Division, IBM Canada.

This unique program features credit approvals in minutes, and is structured to provide credit to the widest possible range of consumer credit profiles. In addition, unlike most retail consumer financing programs, the IBM program has been designed to offer flexible rates, geared to each individual customer's credit profile.

To facilitate this program, Alliance Financing utilizes Creditwave Corporation's state of the art financing technology, called Creditworx™. Creditwave's unique solution provides web-based, automated credit adjudication, documentation preparation, documentation audit and transaction funding for Alliance.

"Based on my own experiences with several major Canadian financing programs, I am confident that the IBM Consumer Finance Program will be very popular with consumers, and will prove to be a real value-add to the excellent products and services currently offered by IBM," said Peter Knight, Vice-President of Operations of Alliance Financing.

"We are delighted to have been selected by IBM Canada to develop and manage this program," said Bernie Shimkovitz, CEO of Alliance Financing. "Our business model, technology and delivery systems allow us to offer Canadian consumers one of the best computer financing programs in the marketplace today".

About Alliance Financing Group Inc.
Alliance Financing is proving itself as a leader in providing a broad base of leasing and financing solutions for both businesses and consumers in both the traditional bricks and mortar marketplace, and since early 2000, the Internet marketplace. Alliance Financing maintains a "high-tech, human touch" philosophy; utilizing a combination of proprietary technology - such as its private labelled online financing tools, selected ASP technologies, and a dedicated staff of finance professionals to deliver a comprehensive suite of end-to-end financing fulfilment solutions.

- 30 -

For more information about Alliance Financing Group Inc. please visit www.YourFinanceSource.com, or contact:

Bernard Shimkovitz
Chief Executive Officer
Alliance Financing Group Inc
Tel: 905-660-3660 ext. 225         Toll Free: 877-660-3660
Fax: 905-660-3078
Email: bernie@alliancefinancing.com

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Current Articles