TORONTO, ONTARIO--(Marketwire - Sept. 24, 2010) - Alliance Financing Group Inc. (the "Corporation") announced today that it entered into a definitive agreement to sell all operating assets of the Corporation to an investor group led by Bernard Shimkovitz, the Chief Executive Officer of the Corporation, and Scott Hinsperger, the Executive Vice President of the Corporation. The purchaser will also assume all liabilities relating to the operating business. The proposed purchase price is C$40,000 which is payable in cash at closing.