Asta Funding to Report First Quarter of Fiscal Year 2011 Results February 9

ENGLEWOOD CLIFFS, N.J. — Asta Funding, Inc. (Nasdaq:ASFI), a consumer receivable asset management and liquidation firm, will report its financial results for the first quarter of fiscal year 2011, the three month period ended December 31, 2010 before the market opens on Wednesday, February 9, 2011.

Asta Funding, Inc.’s senior executives will hold a conference call for investors on Wednesday, February 9, 2011, beginning at 4:00pm 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): (800) 668-4132
International dial-in number: (224) 357-2196
Conference ID:  42329189

Conference call will also be available via webcast. Here is the link: http://investor.shareholder.com/media/eventdetail.cfm?eventid=92260&CompanyID=ABEA-58K4IF&e=1&mediaKey=6BC4F784950C3EC9F765AB1AA53FE3BB

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.