Asset Acceptance Signs Job Creation Agreement With Michigan Economic Growth Authority

U.S. Newswire, June, 2009

To: STATE EDITORS

Contact: Jeff Tryka or Jeff Lambert of Lambert, Edwards & Associates, 1-616-233-0500, aacc@lambert-edwards.com, for Asset Acceptance Capital Corp.

$2.7 Million in State Tax Credits to Support Job Creation; Company to Invest $8.1 Million on Growth Strategy

WARREN, Mich., June 18 /PRNewswire-FirstCall/ --Asset Acceptance, LLC, a subsidiary of Asset Acceptance Capital Corp. (Nasdaq: AACC), today announced that it has formally executed an agreement with the Michigan Economic Growth Authority (MEGA) to provide tax credits to the Company to support job creation at its Warren facility. Asset Acceptance is a leading purchaser and collector of charged-off consumer debt.

The Michigan Economic Development Corporation (MEDC) announced the approved...

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