EXHIBIT 99.3








FOR
IMMEDIATE RELEASE – May 13, 2008





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





Boca
Raton, Fl. (PR Newswire)/May 13, 2008 - Anchor Funding Services, Inc. (OTC
Bulletin Board Symbol “AFNG”) announced today its results for its first quarter
of 2008. The company reported 2008 finance revenues and net loss of $211,661 and
$(422,881) as compared to finance revenues and net loss of $100,106 and
$(129,907) for the comparable prior year period. The increase in 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.





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 the balance of fiscal 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.




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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- 6669 EXT 302


Email:
Mrubin@anchorfundingservices.com



















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