OTCBB: ALHC

RENN Capital Presentation

May 15, 2009

Forward Looking Statement

This presentation may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended and pursuant to the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to financial results and plans for future business activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competitive pressures, loss of significant customers, the mix of revenue, changes in pricing policies, delays in revenue recognition, lower-than-expected demand for the Company's products and services, general economic conditions, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such speak only as of the date made.

Our Business

Alliance HealthCard:

• Provides consumer membership plans offering access to networks which provide discounts and services to the consumer for a variety of products

• Designs and markets specialty insurance and warranty products on the goods our clients sell to their customers

• Sells programs to consumers through retail, rent to own, financial and consumer finance clients

• Creates turnkey programs for our customers

Our Approach

We help our marketers make money by providing them with a way to help their customers save money

$1 revenue for us =

$3 revenue to the marketer

$5 to the customer

Our Clients

300 Businesses including:• State Farm Insurance Company

• Rent A Center

• CVS Pharmacies

• Discover Card

One million + consumers

AHCP

3,700 AHCP agents targeting– 47 million Americans without health insurance and millions more looking

to optimize their existing coverage

• 500,000 to 600,000 monthly that are losing their jobs and their employer sponsored health insurance

– 100 million without dental or vision insurance

As a group, they make AHCP the largest insurance agency in America offering health insurance for individuals

Three Profit Centers

Three divisions focused on revenue building1. Consumer Plans

2. America’s Health Care Plans (AHCP)

3. Benefit Marketing Solutions (BMS)

Alliance HealthCard• Markets healthcare related discount products to the consumer through third

party marketers

• Partners with businesses through direct mail and direct marketing using their client lists

• Partners with CVS/Caremark to offer their Health Savings Pass

• Imbeds plans within existing offerings

– National Motor Club

– State Farm

• Customizes programs – Melaleuca– Qualified Health

• Administrates Patient Advocacy programs*– Discover Card

*My Health Assistant – “Best Innovative Plan Design” and “Best of Show” – Consumer Health World

Alliance HealthCard

Healthcare discount product availability:

• Access Plans has its own vision and dental networks

• Targeted for expansion

• We contract directly with PBMs and PPOs to gain access to deeply discounted volume rates

AHCP• AHCP markets an assortment of plans designed to fit specific needs

and budgets.

• Distributes products through the more prominent health insurance carriers in the country, including:

• Golden Rule

• Aetna

• World Insurance

• American National

• AHCP’s reach is substantial with over 3,700 agents

• Recent upsurge in business as a result of:

• Heightened focus on revenue building

• People losing their employer-sponsored group health care coverage

• Increasing need for individual health insurance coverage – and an agent to explain it

AHCP

Positioned for the future• Established distribution• Experience in and flexibility to develop new products• Poised to handle Obama administration health care initiatives

BMS

• Benefit Marketing Solutions (BMS) focuses on protection products and consumer savings• BMS delivers savings to consumers on:

• BMS offers specialized protection programs:

Groceries Restaurants

Amusement Parks Movies

Auto repair Travel

Extended service programs Leased Property Insurance

AD&D Involuntary unemployment

BMS

BMS reaches the consumer primarily through the rental purchase industry

•BMS dominates this market space

•Its largest client, Rent A Center, has more than 40% of its 1.5 million customers enrolled in our program

•Susan Matthews was named Vendor of the Year by APRO, the industry’s national trade association.

Access Plans Merger

• More than doubles the gross revenue

• Operations consolidation will reduce expenses for both companies• Improve productivity in all three division

• Manpower reductions have already reduced annual payroll by nearly $2 million, making the transaction immediately accretive

• Marketing opportunities. • Opportunity for cross selling AHCP offerings to 4,000 BMS locations

• Build on recent momentum at AHCP

Strategic Activities

• Accelerate organic growth through a focused sales organization

• Seek out additional opportunities to expand through mergers and acquisitions

Focus

• Our primary focus today is the same as when we first opened our doors:• Focus on the fundamentals– growth in revenue and earnings

• We have a very strong, experienced and committed management team that buys into this philosophy and that believes:• What we have accomplished so far is, only the beginning

Financial Highlights

• Access Plans USA acquisition occurred 4/1/09• Results will be included in 3Q09

• Fiscal year ends 9/30

Financial Highlights Revenue (millions)

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09

$4.8 $5.3 $5.4 $5.5 $5.7 $5.9

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09

$1.0 $1.2 $1.4 $1.3 $1.5 $.8

EBITDA (millions)

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09

$1.2 $1.9 $2.5 $3.3 $4.2 $4.6

Shareholder’s equity (millions)

OTCBB: ALHC

We help our marketers make money by providing them with a way to help their

customers save money