FOR
IMMEDIATE RELEASE-May 14, 2009





Anchor
Funding Services, Inc. reports first quarter fiscal 2009 results.





Boca Raton, Fl. (PR
Newswire)/May14, 2009 – Anchor Funding Services, Inc. (OTC Bulletin Board
Symbol “AFNG”) announced today its results of operations for the quarter ended
March 31, 2009. The company reported first quarter 2009 finance revenues of
$404,278 as compared to $211,661 for the comparable period of the prior
year.  The company also reported a first quarter 2009 net loss of
$325,881 as compared to a net loss of $422,881 for the comparable period of the
prior year.  The increase in financing revenues is attributable to the
company’s investments in launching various sales initiatives. The net loss is
attributable to the costs associated with our sales initiatives, hiring
marketing and operations personnel, and increases in general and administrative
costs.





Morry F.
Rubin, CEO stated that “We have made investments to capitalize on the growth
opportunity in the U.S. factoring industry.  While building upon 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 geographic
footprint and clients.”  In 2007 U.S. factoring volume (the dollar
volume of invoices purchased) was approximately $135.5
billion.  Acquisitions of regional factoring and specialty finance
firms present a significant opportunity to capitalize on the current credit
contraction and turmoil in U.S. credit markets.





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 invoices.  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.  Anchor is often able to
provide working capital to small businesses when banks cannot.





We are
excited about our future expansion opportunities and will continue to
communicate important developments as they occur.





About
Anchor





Anchor
provides innovative accounts receivable funding and credit management services
to small and mid-size U.S. businesses.  Our funding program which is
based upon creditworthiness of accounts receivable, provides rapid and flexible
financing to support small businesses’ daily working 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