Exhibit
99.3





FOR
IMMEDIATE RELEASE-November 13, 2008





Anchor
Funding Services, Inc. reports fiscal 2008 - third quarter results





Boca
Raton, FL (PR Newswire)/November 13, 2008 – Anchor Funding Services, Inc. (OTC
Bulletin Board Symbol “AFNG”) announced today its results for its third quarter
of 2008.  The company reported 2008 third quarter finance revenues and
net loss of $338,356 and $(240,427) as compared to finance revenues and net loss
of $121,996 and $(225,121) for the comparable prior year period.  The
Company also reported nine month 2008 finance revenues and net loss of $823,533
and $(947,680) as compared to finance revenue and net loss of $297,740 and
$(515,669) for the comparable period of the prior year.  The increase
in net loss is attributable to the company’s investments in various sales
initiatives, hiring marketing and operations personnel, and increases in general
and administrative costs and compliance costs as a public reporting
company.





Morry F.
Rubin, CEO stated that “We have made 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.”





Anchor
provides accounts receivable financing to most types of U.S. 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.





Anchor is
continuing to benefit from the current credit problems experienced by banks and
other financial institutions.  Banks face continued pressure to exit
troubled loans and rebuild their balance sheets.   As a result,
lending criteria have tightened across the spectrum making it increasingly
difficult for small businesses to obtain working capital.  Through our
sales force and marketing efforts we are implementing various ways to obtain
business opportunities from bank rejections and turndowns.  Unlike a
bank, Anchor is not as focused on the credit quality of its clients, but is more
focused on the creditworthiness of its clients’ customers and validity of their
invoices.  Therefore, Anchor is often able to provide working capital
to small businesses when banks cannot.





We are
excited about our future expansion opportunities 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 and mid-size 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-Q 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- 6669 EXT 302


Email:
mrubin@anchorfundingservices.com