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):

[phone]

International dial-in number:

[phone]

Conference ID

80372660

Phone Replay:

Toll-Free #: [phone]

International Toll #: [phone]

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.
         [phone]