Executive Change: Asset Acceptance Names Director of Collections and Director of Agency Outsourcing

WARREN, Mich., — Asset Acceptance Capital Corp. (NASDAQ: AACC), a national purchaser and collector of charged-off consumer debt based in Warren, Mich., today announced the following individuals have joined the Company:

James D. Hensley to Director of Collections, Asset Acceptance Capital Corp., Warren, Mich. from Executive Director, Stillman Law Office, West Bloomfield, Mich. Hensley brings with him over 15 years of first and third party collection agency experience, with a strong background in managing operational and financial performance targets. He will be responsible for the Company’s Michigan and Texas call center operations.

Jose R. Cadena to Director of Agency Outsourcing, Asset Acceptance Capital Corp., Warren, Mich. from Director of International Outsourcing and Operations, Galaxy Asset Management, Atlanta, Ga. Cadena has more than 14 years of combined experience in the collections industry, with a proven track record in managing agency relationships.

About Asset Acceptance Capital Corp.
For more than 45 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, visit http://www.AssetAcceptance.com.