Asset Acceptance to Hold First Earnings Conference Call for Q1 2004 on April 29

WARREN, MI - Asset Acceptance Capital Corp. (Nasdaq: AACC) announced today that it will release its financial results for the first fiscal quarter of 2004 on Thursday, April 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.

The Company's first quarter financial results will reflect its operations for the first quarter, including the results prior to its reorganization into Asset Acceptance Capital Corp. on February 4, 2004, in preparation for its initial public offering.

To listen to a live web cast of the call, 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, Thursday, May 13, 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 www.assetacceptance.com