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Alliance Financing Group Inc.

FOR IMMEDIATE RELEASE
(TSX-V:AFG)

Alliance Financing Group selected by ACCPAC Canada Inc. to develop and manage the ACCPAC Canadian Leasing Program

Toronto – May 29, 2003

Alliance Financing Group Inc. (TSX-V symbol “AFG”) announced today that it has been selected by ACCPAC Canada, Inc. a subsidiary of Computer Associates International, Inc. (NYSE symbol “CA”) to provide business leasing solutions to Canadian purchasers of ACCPAC software and services.

The ACCPAC Canadian Leasing Program, set for official launch in June 2003, is designed to facilitate the acquisition of a wide variety of ACCPAC’s business management applications, by Canadian small to mid-sized businesses. The program will be offered through ACCPAC’s Canadian network of authorized resellers.

Utilizing Alliance Financing’s multi-underwriter business model, coupled with Alliance’s comprehensive suite of traditional and online marketing and delivery systems, the ACCPAC Canadian Leasing Program will offer flexible terms, rates and payment structures to the widest possible variety of business customers, in virtually all industry sectors, and for the widest range of credit profiles.

Bernie Shimkovitz, CEO of Alliance Financing states: "We are very pleased to have been selected by ACCPAC to develop and manage this new program. Up to 80% of all Canadian businesses currently use leasing to acquire business equipment and machinery, and the use of leasing to acquire mission-critical software applications is a natural extension of this strategy for most businesses. We believe that by offering a leasing solution to its customers, ACCPAC will further enhance its already significant market penetration in Canada."

About Alliance Financing Group Inc.
Alliance Financing is a diversified commercial finance institution that specializes in providing financing solutions, including leasing, term lending and working capital products, primarily to the SMB (Small to Mid-sized Business) marketplace. Alliance Financing works within a multi-underwriter platform, providing a comprehensive suite of financing options from selected underwriting partners, which include banks, lessors, and other financial institutions. Its financing solutions are delivered through traditional bricks and mortar channels and various Internet channels. Alliance Financing maintains a “high-tech, human touch” philosophy; utilizing a combination of proprietary technology - such as its private labelled online financing tools and its www.YourLeaseQuote.com quoting tools; selected ASP technologies; and a dedicated staff of finance professionals to deliver its products and solutions, both through selected channel partners as well as directly to end-user customers.

About ACCPAC
ACCPAC International, Inc., a subsidiary of Computer Associates International, Inc. (NYSE: CA), provides small and mid-size businesses a broad range of end-to-end business management applications designed to enhance customers’ competitive advantage. Product lines include ACCPAC Advantage Series, ACCPAC Pro Series, ACCPAC HR Series, ACCPAC Business Analysis Suite, ACCPAC eTransact, ACCPAC Exchange, ACCPAC CRM, ACCPAC Warehouse Management System, ACCPAC ePOS, Simply Accounting, FAXserve and ACCPAC Messenger. Based in Pleasanton, Calif., USA, with offices in Australia, Canada, India, Ireland, Mexico, the Middle East, the Netherlands, South Africa, Southeast Asia and the United Kingdom, ACCPAC has more than 500,000 customers and more than 6,500 channel partners in more than 130 countries worldwide.

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

For more information about ACCPAC and its products, call 1-800-945-8007 in North America, or visit ACCPAC at www.accpac.com and www.accpaconline.com, or for media inquiries, contact:

John Schoutsen
Vice President, Press and Analyst Relations
ACCPAC International, Inc.
Tel: 905-676-6794
Email: john.schoutsen@accpac.com

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

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