Asta Funding to Present at the Brean Murray, Carret Small Cap Institutional Investor Conference '06

Asta Funding, Inc., (Nasdaq: ASFI - News), a leading consumer receivables asset management and liquidation company, today announced that Gary Stern, President and CEO, and Mitchell Cohen, CFO will be presenting at the Brean Murray, Carret Small Cap Institutional Investor Conference '06 on January 31, 2006, at 9:30 a.m. EST. The conference will be held at the Grand Hyatt Hotel in New York City. Mr. Stern and Mr. Cohen are expected to discuss the Company's business structure, financial overview and market opportunities.

Asta's presentation will be webcast live over the Internet. To access the webcast, please log onto: http://www.wsw.com/webcast/bmry2/asfi/

A replay of the webcast will be archived at that link up to 90 days after the presentation has been made.

Based in Englewood Cliffs, N.J., 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.