Asta Funding to Host Investor Day

Englewood Cliffs, N.J.- Asta Funding, Inc., (Nasdaq: ASFI) , a consumer receivable asset management and liquidation company, today reported that its management team will conduct an investor day on Wednesday, June 11, 2008 in New York City. A formal presentation will be made followed by a question and answer session. The event will begin 9:00 am ET and anticipated to conclude by 11:00 am ET.

Due to space limitations, registration is required to attend the event. Registration requests should be sent by e-mail and will be processed in the order in which they are received. To RSVP for this event, please email Adam Lowensteiner at adam@wolfeaxelrod.com.

For those unable to attend in person, the accompanying slide show presentation will also be available via an 8-K filing with the Securities and Exchange Commission ahead of the event.

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.