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Press Information:
Toronto - October 31, 2006

ACCORD FINANCIAL CORP.

Accord Reports Substantially Higher Third Quarter and Nine Months' Earnings and Declares Regular Quarterly Dividend

Accord Financial Corp. (TSX - ACD), a leading North American provider of asset-based financial services to businesses, including factoring, financing, credit investigation and guarantees, is pleased to announce its unaudited consolidated financial results for the three and nine months ended September 30, 2006. The financial figures presented in this release are reported in Canadian dollars in accordance with Canadian generally accepted accounting principles.

SUMMARY OF FINANCIAL RESULTS
	Three Months Ended September 30		Nine Months Ended September 30
	2006	2005	2006	2005
Factoring volume (millions)	$ 369	$ 402	$ 1,060	$ 1,055
Revenue	$ 7,005,528	$ 6,691,359	$ 21,216,697	$ 19,113,318
Net earnings	$ 1,459,557	$ 1,000473	$ 4,656,578	$ 3,414,660
Earnings per share
Basic	$ 0.15	$ 0.10	$ 0.47	$ 0.34
Diluted	$ 0.15	$ 0.10	$ 0.47	$ 0.34
Weighted average number of shares				0
Basic	9,755,956	9,940,185	9,858,297	9,913,641
Diluted	9,876,577	10,086,088	9,996,878	10,102,311

Net earnings for the third quarter of 2006 increased by 46% to $1,459,557 compared to $1,000,473 last year. Diluted earnings per share were 15 cents for the quarter compared to 10 cents last year.

Factoring volume in the third quarter was $369 million, an 8% decline compared to last year's volume of $402 million. Revenue, however, increased by 5% to $7,005,528 compared to $6,691,359 last year as yields improved and interest earned on asset-based loans rose.

Net earnings for the nine months ended September 30, 2006 rose by 36% to $4,656,578 compared to $3,414,660 in the same period last year. Diluted earnings per share for the nine months rose to 47 cents compared to 34 cents last year.

Factoring volume for the current nine month period increased slightly to $1,060 million compared to $1,055 million last year. Revenue increased by 11% to $21,216,697 compared with $19,113,318 last year despite only a small rise in volume as yields improved and interest earned on asset-based loans rose.

Net earnings for the three and nine months ended September 30, 2005 were affected by an after-tax charge of $275,000 relating to the consolidation of the Company's Montreal operations. This served to reduce earnings per share by 3 cents for those periods.

The Company's Board of Directors today declared a regular quarterly dividend of $0.055 per share, payable December 1, 2006 to shareholders of record at the close of business November 15, 2006.

For further information please contact:

Stuart Adair
Chief Financial Officer
Accord Financial Corp.
77 Bloor Street West, 18th floor
Toronto, Ontario
M5S 1M2

(416) 961-0304 Ext. 207
info@accordfinancial.com

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