Alliance Financing Group Inc.

Alliance Financing Group Inc.

February 28, 2005 12:45 ET

Alliance Financing Group Enters New Multi-Year Agreement With Ingram Micro For Canadian Leasing Program


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ALLIANCE FINANCING GROUP INC.

TSX VENTURE SYMBOL: AFG

FEBRUARY 28, 2005 - 12:45 ET

Alliance Financing Group Enters New Multi-Year
Agreement With Ingram Micro For Canadian Leasing
Program

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2005) - Alliance Financing
Group Inc. (TSX VENTURE:AFG) announced today that it has extended its
relationship with Ingram Micro Inc. (NYSE:IM) by entering into a new
multiyear agreement to provide business leasing solutions through the
Ingram Micro Preferred Leasing program for Canada.

Launched in 2002, the Ingram Micro Preferred Leasing program is
available to Ingram Micro's resellers across Canada and offers flexible
financing options for resellers and their business customers.

"Our mandate from Ingram Micro was to create a world-class branded
financing program tailored for the Canadian information technology
market, and the response from Ingram Micro's resellers over the past two
years indicates that we have succeeded in this mission," said Bernie
Shimkovitz, CEO of Alliance Financing.

Utilizing Alliance Financing's multi-underwriter business model, coupled
with Alliance's comprehensive suite of traditional and online marketing
and delivery systems, the Ingram Micro Preferred Leasing program offers
flexible terms, rates and payment structures to a wide variety of
business customers, in a breadth of industry sectors, and for a broad
range of credit profiles.

"Many of Ingram Micro's resellers already have chosen Ingram Micro
Preferred Leasing as their financing partner," said Mr. Shimkovitz. "As
the backbone of this successful program, Alliance intends to
aggressively expand our reseller base through this partnership in the
coming years."

"Ingram Micro looks forward to continuing to work with Alliance
Financing to offer our reseller partners access to world class leasing
options," said Murray Wright, General Manager, Ingram Micro Canada. "The
Ingram Micro Preferred Leasing program provides our resellers support in
conserving working capital and offers flexibility to provide increased
sales opportunities for our customers."

"Alliance Financing is pleased to have been chosen by Ingram Micro as
the manager of their leasing program. This new multiyear agreement
validates our joint commitment to the success of Ingram Micro's
resellers", said Mr. Shimkovitz.

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
www.alliancefinancing.com, or contact:

About Ingram Micro Inc.

As a vital link in the technology value chain, Ingram Micro creates
sales and profitability opportunities for vendors and resellers through
unique marketing programs, outsourced logistics services, technical
support, financial services, and product aggregation and distribution.
The company serves 100 countries and is the only global IT distributor
with operations in Asia. Visit http://www.ingrammicro.com/corp or in
Canada visit http://www.ingrammicro.ca.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Media Inquiries: Bernard Shimkovitz
    Alliance Financing Group Inc.
    Chief Executive Officer
    (905) 660-3660 ext. 225 OR Toll Free: 877-660-3660
    (905) 660-3078 (FAX)
    bshimkovitz@alliancefinancing.com
    www.alliancefinancing.com
    or
    Ingram Micro Canada
    Ann Cain
    Public Relations Manager
    (905) 755-5000 ext.55796
    Ann.Cain@ingrammicro.ca
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.