Asset Acceptance Capital Corp. to Host Second Quarter 2004 Conference Call July 29th

WARREN, MI - Asset Acceptance Capital Corp. (Nasdaq: AACC) announced today that it will release its financial results for the second fiscal quarter of 2004 on Thursday, July 29, 2004, before the market opens. The Company will host a conference call at 10 a.m. Eastern Time the same day to discuss its results.

Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. Individual investors and retail brokers are invited to listen via a live web cast. To listen, please go to the investor section of the Company's web site at www.assetacceptance.com . A replay of the call will be available until 5 p.m. Eastern Time, Thursday, August 12, 2004.

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. For more information, please visit http://www.assetacceptance.com