**FOR
        IMMEDIATE RELEASE – November 19, 2007**
 
 **Anchor
        Funding Services, Inc. reports third quarter results, launches expansion
        programs in the accounts receivable Factoring industry and OTC Bulletin Board
        trading symbol.**
 
 Boca
        Raton, Fl. (PR Newswire)/ Nov 19, 2007 - Anchor Funding Services, Inc. (OTC
        Bulletin Board Symbol “AFNG”) announced today its third quarter results ended
        September 30, 2007. The company reported third quarter finance revenues and
        net
        loss of $121,966 and $(225,121) as compared to revenues and net income of
        $109,862 and $26,266 for the comparable prior year period. The net loss is
        attributable to the company’s investments in launching various sales
        initiatives, hiring marketing and operations personnel, an increase in general
        and administrative costs and compliance costs as a public reporting company.
        Anchor reported that the OTC Bulletin Board has approved Anchor for trading
        under the symbol “AFNG.”
 
 Morry
        F.
        Rubin, CEO stated that “since having completed our private placement on April 5,
        2007 we have begun to make investments to capitalize on the growth opportunity
        in the U.S. factoring industry. While ramping up our organic growth initiatives
        we are also exploring acquisition opportunities of other U.S. factoring firms
        which would enhance our ability to increase revenues and profits, add additional
        factoring services and increase our geography and clients. “
 
 Factoring
        is the purchase of a company’s accounts receivable, which provides businesses
        with critical working capital so they can meet their operational costs and
        obligations while waiting to receive payment from their customers. This is
        particularly important for small businesses experiencing rejections and delays
        from banks which are increasingly tightening their credit
        requirements.
 
 Anchor
        may provide funding to businesses where the performance of a service or the
        delivery of a product can be verified. We have the ability to check a company’s
        credit and evaluate its ability to pay across most industries. Typically,
        small
        businesses do not have adequate resources to manage the credit and A/R
        collection functions internally and cannot afford to provide their customers
        extended credit terms.
 
 Factoring
        as it functions today has been in existence for nearly 200 years. Its historical
        focus has been in the textile,furniture and apparel industries, which provides
        products to major retailers. The factoring industry has expanded beyond the
        textile and apparel industries into other mainstream
        businesses.  According to the Commercial Finance Association, the
        factoring Industry achieved U.S. revenues of $ 127 billion in 2006.
 
 Mr.
        Rubin
        also stated that “within our industry we are targeting specific sectors which
        demonstrate high demand for factoring services such as, transportation, and
        recently launched a dedicated transportation finance division, TruckerFunds.com.
        TruckerFunds.com purchases freight bills from small fleets and
        owner/operators   across the U.S. We are excited about our future
        expansion opportunities for 2008 and beyond in the factoring industry which
        is
        highly fragmented and not dominated by any single firm(s). We will continue
        to
        communicate important developments as they occur. “
 
 **About
        Anchor**
 
 Anchor
        provides innovative accounts receivable funding to small U.S businesses.
        Our
        funding facility, which is based upon creditworthiness of accounts receivable,
        provides rapid and flexible financing to support small businesses’ daily capital
        needs.
  **Additional
        Information**
  For
        additional information, a copy of Anchor’s Form 10-QSB can be obtained on the
        Internet by going to www.sec.gov, clicking “Search for Company filings,” then
        clicking “Companies & Other Filers,” typing in our company name and clicking
“find Companies.”
  Safe
        Harbor Statement Under the Private Securities Litigation Reform Act of
        1995.
  Certain
        statements in this press release constitute “forward-looking statements” within
        the meaning of the Private Securities Litigation Reform Act of 1995. Such
        forward-looking statements involve known and unknown risks, uncertainties
        and
        other factors which may cause the actual results, performance or achievements
        of
        the company to be materially different from any future results, performances
        or
        achievements express or implied by such forward-looking statements. The
        forward-looking statements are subject to risks and uncertainties including,
        without limitation, changes in levels of competition, possible loss of
        customers, and the company’s ability to attract and retain key
        personnel.
 
 Contact
        Morry F. Rubin, Chairman and C.E.O (866) 950- 6664 EXT 302
 Email:
        Mrubin@anchorfundingservices.com