On 05/15/2008, Affinity Technology Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Affinity Technology Group, Inc’s President and Chief Executive Officer, Joe Boyle said that the company is looking at various options to enhance shareholder value. “We are in the process of evaluating our strategic alternatives and the courses of action we may take in response to this decision. Our capital resources are nearing exhaustion and we expect that this decision will impede our ability to access new capital resources,” he said in a statement.

Affinity Technology Group Inc. reported earnings results for the fourth quarter and full year ended December 31, 2007. For the quarter, the company reported a net loss of $249,571 or loss of $0.01 per share on revenue of $8,333 against a net loss of $779,557 or loss of $0.02 per share on revenue of $8,333 for the same period in 2006. For the year, the company reported a net loss of $1,478,154 or loss of $0.03 per share on revenue of $33,333 against a net loss of $2,699,522 or loss of $0.06 per share on revenue of $33,333 in 2006.