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Asta Funding, Inc. to Report Second Quarter and Six Months Results of Fiscal Year 2013

Asta Funding, Inc. to Report Second Quarter and Six Months Results of Fiscal
Year 2013

ENGLEWOOD CLIFFS, N.J., May 2, 2013 (GLOBE NEWSWIRE) -- Asta Funding, Inc.
(Nasdaq:ASFI), a receivable asset management and liquidation firm, will report
its financial results for the second quarter and six months of fiscal year
2013, the period ended March 31, 2013 before the markets open on Thursday, May
9, 2013.

Asta Funding, Inc.'s senior executives will hold a conference call for
investors on Thursday, May 9, 2013, beginning at 4:00 PM EDT to discuss the
company's financial results. To participate in the conference call, please

Toll-free dial-in number (U.S. and Canada):
(800) 668-4132
International dial-in number:
(224) 357-2196
U.S. and Canada: (855) 859-2056
International: (404) 537-3406
Conference ID: 64976582

About Asta Funding:

Based in Englewood Cliffs, NJ, Asta Funding, Inc., is a 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

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

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

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