A.L. Piccolo & Co., Inc. Assists in the Completion of a New Joint Venture in Divorce Funding

    NEW YORK, NY, June 16, 2012 /24-7PressRelease/ -- A.L. Piccolo & Co., Inc., a broad-based management consulting firm specializing in turn-around management, capital-raising and mergers and acquisitions, assisted in the completion of a joint venture between Asta Funding, Inc. and Balance Point, Inc. for purposes of providing non-recourse funding to a spouse in a matrimonial action.

The transaction, which calls for Asta's funding of $15 million to Balance Point in three $5 million tranches, has the potential, at Asta's option, for an additional investment of $35 million.

Mr. Louis A. Piccolo, president and founder of A.L. Piccolo & Co., Inc. stated: "We are pleased to be part of such a cutting-edge transaction in which litigants in a matrimonial dispute can procure much-needed financing. While the industry is still in its infancy, the concept will grow exponentially, with Balance Point and Asta at the vanguard."

A.L. Piccolo may be contacted at 212-826-6101, and its website may be found at www.ALPiccolo.com.

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