Asta Funding, Inc. to Report Second Quarter and Six Months Results of Fiscal Year 2011

ENGLEWOOD CLIFFS, N.J., May 3, 2011 (GLOBE NEWSWIRE) -- Asta Funding, Inc. (Nasdaq:ASFI), a consumer receivable asset management and liquidation firm, will report its financial results for the second quarter and six months of fiscal year 2011 ended March 31, 2011 before the market opens on Tuesday, May 10, 2011.

Asta Funding, Inc.'s senior executives will hold a conference call for investors on Tuesday, May 10, 2011, beginning at 4:00 PM EDT to discuss the company's financial results. To participate in the conference call, please dial:

Conference call will also be available via webcast. Here is the link

http://investor.shareholder.com/media/eventdetail.cfm?eventid=89706&CompanyID=ABEA-58K4IF&e=1&mediaKey=6BC4F784950C3EC9F765AB1AA53FE3BB

About Asta Funding:

Based in Englewood Cliffs, NJ, Asta Funding, Inc., is a consumer receivable asset management company that specializes in the purchase, management and liquidation of performing and non-performing consumer receivables. For additional information, please visit our website at http://www.astafunding.com.

The Asta Funding, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8464

CONTACT: Robert J. Michel, CFO

         Asta Funding, Inc.

         (201) 567-5648

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