Alliance Financing Group Inc.

Alliance Financing Group Inc.

December 19, 2008 13:12 ET

Alliance Financing Group Announces Grant of Options

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2008) - Alliance Financing Group Inc. (TSX VENTURE:AFG) (the 'Corporation') announces that it has granted options to purchase up to an aggregate of 550,000 common shares of the Company to directors, officers, an employee and a consultant. 350,000 options to directors and officers are exercisable at the price of $0.10 per share and will expire on December 18, 2013, and 200,000 options to an employee and a consultant are exercisable at $0.10 per share and will expire on December 18, 2011. 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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