Asta Funding Inc. To Announce Third Quarter and Nine Months Financial Results August 9

ENGLEWOOD CLIFFS, NJ - Asta Funding, Inc., a leading consumer receivable asset management and liquidation company, today reported that it will release its fiscal third quarter and nine months financial results ended June 30, 2005, on Tuesday, August 9, 2005, before the market opens.

The Company will host a conference call for the investment community that morning at 10:30 am EDT. Asta's President and Chief Executive Officer, Gary Stern and its Chief Financial Officer, Mitchell Cohen, will conduct the call.

Interested parties may participate in the conference call by dialing USA/Canada (877) 511-5818, International (706) 634-1462 about 5 -10 minutes prior to 10:30 am EDT. Please refer to the Asta Funding earnings teleconference ID 8395599. A recording of the conference call will be available from 12:00 noon EDT August 9th through August 16th, by dialing USA/ Canada (800) 642-1687, International (706) 645-9291, conference ID 8395599.

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