Alliance Financing Group Inc.

Alliance Financing Group Inc.

January 10, 2007 17:40 ET

Alliance Financing Group Announces Grant of Options

TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2007) - Alliance Financing Group Inc. (TSX VENTURE:AFG) (the "Corporation"). The Corporation announces that it has granted options to purchase up to an aggregate of 450,000 common shares of the Company to directors, employees and a consultant. 325,000 options to directors and a consultant are exercisable at the price of $0.20 per share and will expire on December 29, 2011 and 125,000 options to employees and an officer are exercisable at $0.20 per share and will expire on December 29, 2009. All options are subject to the Corporation's stock option plan.

About Alliance Financing Group Inc.

Alliance Financing is a diversified commercial finance institution that specializes in providing branded or white labelled asset based financing solutions, to the SMB (Small to Mid-sized Business) marketplace and to public sector organizations. Alliance Financing works within a multi-underwriter business model, providing a comprehensive suite of financing options available from selected underwriting partners, which include banks, lessors, and other financial institutions. Its financing solutions are delivered through both 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, selected ASP technologies, and a dedicated staff of finance professionals to deliver its products and solutions. For more information about Alliance Financing Group Inc. please visit

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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