Asset Acceptance Capital Corp. to Host Analyst Day at Corporate Headquarters in Michigan
February 16 2006 - 7:30AM
PR Newswire (US)
WARREN, Mich., Feb. 16 /PRNewswire-FirstCall/ -- Asset Acceptance
Capital Corp. (NASDAQ:AACC), a leading purchaser and collector of
charged-off consumer debt, today announced it will host an analyst
day on Thursday, March 16, 2006, starting at noon (EST). Chief
Executive Officer Brad Bradley and Chief Financial Officer Mark
Redman will be joined by other key management team members, who
will discuss the results and strategies of the company and its
business segments. Individual investors are invited to join the
event via the Internet, either live or through on-demand replay.
Please go to http://www.assetacceptance.com/ at least 15 minutes
prior to the event to register and install any necessary streaming
media software. About Asset Acceptance Capital Corp. For more than
40 years, Asset Acceptance has provided credit originators, such as
credit card issuers, consumer finance companies, retail merchants,
utilities and others an efficient alternative in recovering
defaulted consumer debt. Asset Acceptance Capital Corp. Safe Harbor
Statement This press release contains certain statements, including
the Company's plans and expectations regarding its operating
strategies, charged-off receivables and costs, which are
forward-looking statements and are made pursuant to the safe harbor
provisions of the Securities Litigation Reform Act of 1995. These
forward-looking statements reflect the Company's views, at the time
such statements were made, with respect to the Company's future
plans, objectives, events, portfolio purchases and pricing,
collections and financial results such as revenues, expenses,
income, earnings per share, capital expenditures, operating
margins, financial position, expected results of operations and
other financial items. Forward-looking statements are not
guarantees of future performance; they are subject to risks and
uncertainties. In addition, words such as "estimates," "expects,"
"intends," "should," "could," "will," variations of such words and
similar expressions are intended to identify forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions ("Risk Factors") that are difficult to predict with
regard to timing, extent, likelihood and degree of occurrence.
There are a number of factors, many of which are beyond the
Company's control, which could cause actual results and outcomes to
differ materially from those described in the forward-looking
statements. Risk Factors include, among others: ability to purchase
charged- off consumer receivables at appropriate prices, ability to
continue to acquire charged-off receivables in sufficient amounts
to operate efficiently and profitably, employee turnover, ability
to compete in the marketplace, acquiring charged-off receivables in
industries that the Company has little or no experience,
integration and operations of newly acquired businesses, and
additional factors discussed in the Company's registration
statement filed on Form S-1, as amended, and in the Company's
periodic reports filed with the Securities and Exchange Commission
on Form 10-K and 10-Q and exhibits thereto. Other Risk Factors
exist, and new Risk Factors emerge from time to time that may cause
actual results to differ materially from those contained in any
forward- looking statements. Given these risks and uncertainties,
investors should not place undue reliance on forward-looking
statements as a prediction of actual results. Furthermore, the
Company expressly disclaims any obligation to update, amend or
clarify forward-looking statements. In addition to the foregoing,
several Risk Factors are discussed in the Company's registration
statement filed on Form S-1, as amended, and in the Company's most
recently filed Annual Report on Form 10-K and other SEC filings, in
each case under the section titled "Risk Factors" or "Forward
Looking Statements", as the case may be, and those discussions
regarding risk factors as well as the discussion of forward looking
statements in such sections are incorporated herein by reference.
First Call Analyst: FCMN Contact: DATASOURCE: Asset Acceptance
Capital Corp. CONTACT: Noel Ryan or Erica Noll of Lambert, Edwards
& Associates, Inc., +1-616-233-0500, , for Asset Acceptance
Capital Corp. Web site: http://www.assetacceptance.com/
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