Alliance Financing Group Inc.

Alliance Financing Group Inc.

October 19, 2010 10:26 ET

Alliance Financing Shareholders Approve Sale of Operating Assets to Management Group

TORONTO, ONTARIO--(Marketwire - Oct. 19, 2010) - Alliance Financing Group Inc. (the "Corporation") is pleased to announce that its shareholders unanimously approved all resolutions brought before them at the Corporation's annual and special meeting held in Vaughan, Ontario earlier today, including, resolutions approving the sale of all operating assets of the Corporation to a management group, and all related matters.

It is anticipated that the asset sale and related transactions will be completed on or before October 29, 2010.

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