Asset Acceptance Capital Corp. to Open The NASDAQ Stock Market on August 3

WARREN, MI - Asset Acceptance Capital Corp. to open the NASDAQ Stock Market on August 3.

What: Bud Reitzel, Founder and Chairman of the Board and Brad Bradley, President and Chief Executive Officer of Asset Acceptance Capital Corp. (Nasdaq: AACC) will preside over the NASDAQ Market Open.

Where: NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio

When: Tuesday, August 3, 2004 at 9:30 a.m. Eastern

Why: The NASDAQ Stock Market proudly welcomes Asset Acceptance Capital Corp. to the Market Open in celebration of its recent listing on the NASDAQ National Market. On February 5th, Asset Acceptance Capital Corp. priced its initial public offering of 7,000,000 shares of common stock at $15.00 per share and began trading under the ticker symbol AACC.

Fast Facts:
Founded: 1962
Headquarters: Warren, Michigan
NASDAQ Listed since: February 5, 2004
Ticker: AACC

Media Contacts:
Tim Hanson; (616) 233-0500; thanson@lambert-edwards.com

NASDAQ MarketSite:
Traffic Department; (646) 441-5220

Feed Information: The market open ceremony is available from 9:20 a.m. to 9:35 a.m. Eastern, on Galaxy 4R C/transponder 21. The downlink frequency is 4120 horizontal; audio: 6.2/6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact the NASDAQ Traffic Department at (646) 441-5220.

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 www.assetacceptance.com.