Asset Acceptance to Issue First Earnings Statement on March 10

WARREN, MI – Asset Acceptance Capital Corp. (Nasdaq: AACC) announced today that it will release its financial results for the fourth quarter and year-end 2003 on Wednesday, March 10, 2004, before the market opens. The Company will host a conference call at 10 a.m. Eastern the same day to discuss its results.

The announcement will mark the first release of financial results since the Company completed its initial public offering on February 5, 2004.

The Company’s fourth quarter and 2003 year-end financial results will reflect its operations as an L.L.C. prior to its reorganization into Asset Acceptance Capital Corp. on February 4, 2004.

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, Wednesday, March 24, 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.