AACC Asset Acceptance Capital Corp. (MM)

Company Ranked #2 Among Michigan Peers WARREN, Mich., Oct. 11 /PRNewswire-FirstCall/ -- Asset Acceptance Capital Corp. (NASDAQ:AACC) today announced that it has been recognized by the Inforum Center for Leadership and University of Michigan's Ross School of Business as a "Most Valuable Player" (MVP) company in the representation of women in leadership positions. The 2007 Michigan Women's Leadership Index, produced by the two organizations, measures the presence of women executives in the highest leadership positions of the top 100 publicly-held companies headquartered in Michigan. The index scores Asset Acceptance second overall among eight Michigan companies who earned MVP status. Published for the first time in 2003, the Michigan Women's Leadership Index is a one-of-a-kind bi-annual look at the presence of women leaders in Michigan companies. The study, conducted by the Stephen M. Ross School of Business at the University of Michigan, was commissioned by the Inforum Center for Leadership, the non-profit education and research arm of Inforum (formerly the Women's Economic Club). "Having a diverse base of associates, including women in leadership roles, contributes to our business success," said Deanna S. Hatmaker, Vice President- Human Resources, Asset Acceptance Capital Corp. "We are honored to have earned this recognition from these respected organizations." Among the nine executive officers of Asset Acceptance, three are women: Deborah Everly, Senior Vice President and Chief Acquisitions Officer; Deanna Hatmaker, Vice President-Human Resources; and Diane Kondrat, Vice President- Legal Collections. Serving on Asset's eight-member board of directors is Jennifer Adams, Former Vice Chairman, World Color Press, Inc. The Michigan Women's Leadership Index report uses the language of sports to characterize companies according to their Index scores. Those with the highest scores are identified as MVPs; those with middling scores are "In the Game;" and companies with no women officers or board directors are "On the Sidelines." "We're pleased to see new companies on the MVP list like Asset Acceptance Capital and hope that more will take their lead," said Inforum and Inforum Center for Leadership CEO and President Terry Barclay. "We are very proud of their achievements." Complete copies of the 2007 Women's Leadership Index report are available at http://www.inforummichigan.org/. About Asset Acceptance Capital Corp. Since 1962, 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. For more information, please visit http://www.assetacceptance.com/. About Inforum Inforum is one of the largest and most prestigious business forums for women in the nation, with more than 2,200 members from a broad cross-section of Michigan's business community. The mission of the organization is to strengthen the business environment by creating opportunities for women to lead and succeed. Inforum provides opportunities for businesswomen to forge alliances discuss vital civic and business issues and make connections that help accelerate careers. Inforum offers a highly esteemed and successful leadership training program through its non-profit education and research arm, Inforum Center for Leadership. Founded as the Women's Economic Club in 1962 in Detroit, Inforum has affiliates in Grand Rapids and Lansing, Michigan. For more information, visit http://www.inforummichigan.org/ or call 877.633.3500. About Stephen M. Ross School of Business, University of Michigan Outstanding faculty and students at the University of Michigan's Stephen M. Ross School of Business come together in an innovative learning community that is consistently ranked among the world leaders in both research and teaching. The Ross School offers MBA, EMBA, MAcc, and BBA degree programs, as well as executive education programs. Ross programs are highly regarded around the world for their academic rigor and the innovative ways they prepare graduates to contribute to the success of organizations. The Ross School is located on the campus of the University of Michigan in Ann Arbor. For more information, visit http://www.bus.umich.edu/. 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, ability to achieve anticipated cost savings from office closings without the disruption of collections associated with the closing of these offices, and additional factors discussed 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 most recently filed Annual Report on Form 10-K and other SEC filings, in each case under the section titled "Risk Factors" or similar headings and those discussions regarding risk factors as well as the discussion of forward looking statements in such sections are incorporated herein by reference. DATASOURCE: Asset Acceptance Capital Corp. CONTACT: Noel R. Ryan III, of Lambert, Edwards & Associates, Inc., +1-616-233-0500, , for Asset Acceptance Capital Corp. Web site: http://www.assetacceptance.com/ http://www.inforummichigan.org/ http://www.bus.umich.edu/

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