Asset Acceptance Capital Corp. Announces Opening of New Chicago Office

Asset Acceptance Capital Corp. today announced the opening of a new legal and call center collections operation in Chicago. Located near Asset's previous operation, the new office will provide room for a workforce of more than 200, 80% of which is dedicated to collections activity.

The new 20,905-square-foot facility offers employees on-site training facilities, new office equipment and offices for key members of site management. With approximately three times the square footage of the previous space, the new Chicago location represents yet another stage of Asset's stated growth strategy in key regional markets. The opening of the new Chicago location is the latest opening since the unveiling of Asset's corporate headquarters in February 2005 in Warren, Mich.

"Chicago has always been a growth market for our legal and call center collections efforts," said Brad Bradley, CEO and president of Asset Acceptance. "Our investment in the Chicago office is part of our stated long- term strategy of investing in geographies that have the potential to become substantial contributors to our bottom-line. In keeping with our ongoing hiring and retention initiatives, we are actively recruiting experienced account representatives from the Chicago area to assist in our expanded call center operations."

Asset currently has ten offices in eight states, all of which house either call center or legal collections operations. Highlighted by Asset's flagship 200,000-square-foot headquarters and call center in Warren, Mich., the Company has consistently shown a trend of smart facilities acquisition and management.

"By expanding our presence in a market where Asset's collections expertise is already established, we are staying the course in our commitment to managing and driving growth over the long-term," said Bradley. "This new office space will help expand our presence and keep Asset atop the industry as a leader in debt collections."