Asta Funding, Inc. to Report Financial Results for the Three and Nine Months Ended June 30, 2016
August 04 2016 - 8:00AM
Asta Funding, Inc. (NASDAQ:ASFI), a consumer receivable asset
management and financial services company, will report its
financial results for the three and nine months ended June 30,
2016, before the markets open on Tuesday, August 9, 2016.
Asta Funding, Inc.’s senior executives will hold a conference
call for investors on Tuesday, August 9, 2016, beginning at 10:00
AM EDT 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) 668-4132Conference
ID: 60869283 International dial-in number: (224)
357-2196
Replay:U.S. and Canada :(855)
859-2056International: (404) 537-3406Conference ID:
60869283
About Asta
Based in Englewood Cliffs, NJ, Asta Funding,
Inc., is engaged in several business segments in the financial
services industry including structured settlements through our 100%
owned subsidiary CBC Settlement Funding, LLC
(www.cbcsettlementfunding.com.), funding of personal injury claims,
through our 80% owned subsidiary Pegasus Funding, LLC, social
security and disability benefit advocates, through our wholly owned
subsidiary GAR Disability Advocates, LLC, and the business of
managing for its own account the servicing of distressed consumer
receivables with the concentration of acquiring consumer
receivables in the international sector. For additional
information, please visit our website at
http://www.astafunding.com.
Forward-Looking Statements
All statements in this new release other than
statements of historical facts, including without limitation,
statements regarding our future financial position, business
strategy, budgets, projected revenues, projected costs, and plans
and objective of management for future operations, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "may," "will," "expects,"
"intends," "plans," "projects," "estimates," "anticipates," or
"believes" or the negative thereof, or any variation thereon, or
similar terminology or expressions. We have based these
forward-looking statements on our current expectations and
projections about future events. These forward-looking statements
are not guarantees and are subject to known and unknown risks,
uncertainties and assumptions about us that may cause our actual
results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by such
forward-looking statements. Important factors which could
materially affect our results and our future performance include,
without limitation, our ability to purchase defaulted consumer
receivables at appropriate prices, changes in government
regulations that affect our ability to collect sufficient amounts
on our defaulted consumer receivables, our ability to employ and
retain qualified employees, changes in the credit or capital
markets, changes in interest rates, deterioration in economic
conditions, negative press regarding the debt collection industry
which may have a negative impact on a debtor's willingness to pay
the debt we acquire, and statements of assumption underlying any of
the foregoing, as well as other factors set forth under "Item 1A.
Risk Factors" in our annual report on Form 10-K for the year ended
September 30, 2015 and other filings with the SEC. All subsequent
written and oral forward-looking statements attributable to us, or
persons acting on our behalf, are expressly qualified in their
entirety by the foregoing. Except as required by law, we assume no
duty to update or revise any forward-looking statements.
CONTACT:
Bruce R. Foster, CFO
Asta Funding, Inc.
(201) 567-5648
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