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Asta Funding, Inc. to Report Fourth Quarter and Fiscal Year 2012 Results

Asta Funding, Inc. to Report Fourth Quarter and Fiscal Year 2012 Results

ENGLEWOOD CLIFFS, N.J., Dec. 11, 2012 (GLOBE NEWSWIRE) -- Asta Funding, Inc.
(Nasdaq:ASFI), a consumer receivable asset management and liquidation firm,
will report its financial results for the fourth quarter and fiscal year ended
September 30, 2012 before the market opens on Thursday, December 13, 2012.

Asta Funding, Inc.'s senior executives will hold a conference call for
investors on Thursday, December 13, 2012, beginning at 4:00 PM EST to discuss
the company's financial results. To participate in the conference call, please
dial:

Toll-free dial-in number (U.S. and Canada):
(800) 668-4132

International dial-in number:
(224) 357-2196

Conference ID
80372660

Phone Replay:
Toll-Free #: (800) 585-8367
International Toll #: (404) 537-3406
Conference ID # 80372660
Recording will be available from: 12/13/2011 7:00 PM EST to 12/20/2012 11:59
PM EST

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

Except for historical information contained herein, the matters set forth in
this news release are "forward-looking" statements (as defined in the Private
Securities Litigation Reform Act of 1995.) Although Asta Funding, Inc.
believes the expectations reflected in such forward-looking statements are
based upon reasonable assumptions, there can be no assurance that its
expectations will be realized. Forward-looking statements involve certain
risks and uncertainties that could cause actual results to differ materially
from Asta Funding, Inc.'s expectations. Factors that could contribute to such
differences include those identified in Asta Funding, Inc.'s Form 10K, and
other filings posted during this period and those described from time to time
in Asta Funding, Inc.'s filings with the Securities and Exchange Commission,
news releases and other communications. Asta Funding, Inc.'s reports with the
Securities and Exchange Commission are available free of charge through its
website at http://www.astafunding.com

CONTACT: Robert J. Michel, CFO
         Asta Funding, Inc.
         (201) 567-5648

Asta Funding, Inc. Logo