Asta Funding to Announce Second Quarter and Six Months Financial Results

ENGLEWOOD CLIFFS, NJ – Asta Funding, Inc., (Nasdaq: ASFI) a leading consumer receivable asset management and liquidation company, today reported that it will release its fiscal second quarter and six months financial results ended March 31, 2005, on Monday, May 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 6059128. A recording of the conference call will be available from 12:00 noon EDT May 9th through May 16th, by dialing USA/Canada (800) 642-1687, International (706) 645-9291, conference ID 6059128.

Asta Funding, Inc.
Based in Englewood Cliffs, NJ, Asta Funding, Inc., is a leading consumer receivables asset management company that specializes in the purchase, liquidation and management of performing and non-performing consumer receivables. Asta generates revenues and earnings primarily through purchase and collection of performing and non-performing consumer receivables. For additional information, please visit our website at http://www.astafunding.com.