| Date | Title | | | 05/06/13 | Asset Acceptance Capital Corp. Announces Record Date and Meeting Date for Special Meeting of Stockholders| WARREN, Mich.--(BUSINESS WIRE)--May. 6, 2013--
Asset Acceptance Capital Corp. (Nasdaq: AACC)
(“Asset Acceptance”) announced today that it has established a record
date and a meeting date for a special meeting of its stockholders to
consider and vote upon, among other things, the proposal to approve the
adoption of the Agreement and Plan of Merger, dated as of March 6, 2013,
by and among Asset Acceptance, Encore Capital Group, Inc., a Delaware
corp... |
|  | | 04/29/13 | Asset Acceptance Capital Corp. Reports First Quarter 2013 Results| WARREN, Mich.--(BUSINESS WIRE)--Apr. 29, 2013--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter ended March 31, 2013.
First Quarter 2013 Financial Highlights
Cash collections for the first quarter of 2013 increased 2.6% compared
to the same period of the prior year, to $103.8 million.
First quarter revenues were $55.2 milli... |
| | | 04/23/13 | Asset Acceptance Capital Corp. to Issue First Quarter 2013 Results on April 29| WARREN, Mich.--(BUSINESS WIRE)--Apr. 23, 2013--
Asset Acceptance Capital Corp. (NASDAQ: AACC)
announced today that it will issue a press release containing its
financial results for the first quarter 2013 on Monday, April 29, 2013,
after the market closes.
On March 6, 2013, Encore Capital Group announced its acquisition of
Asset Acceptance. As a result, Asset Acceptance will not host a
conference call to discuss its first quarter 2013 fina... |
| | | 04/11/13 | Asset Acceptance Capital Corp. Announces Alternative Takeover Proposal Not to Move Forward & Early Termination of the Hart-Scott-Rodino Waiting Period for Acquisition by Encore Capital Group, Inc.| AACC-Encore Merger Expected to Close in the Second Quarter of 2013
WARREN, Mich.--(BUSINESS WIRE)--Apr. 11, 2013--
Asset Acceptance Capital Corp. (Nasdaq: AACC) announced today that the
third party (identified as “Company B” in the Registration Statement on
Form S-4, file No. 333-187581, filed by Encore Capital Group, Inc., a
Delaware corporation, with the Securities and Exchange Commission on
March 27, 2013) who had submitted a preliminary written i... |
| | | 03/06/13 | Encore Capital Group Announces Acquisition of Asset Acceptance | - Combination Will Lead to Greater
Operational Efficiencies and Shareholder Value -
- Conference call scheduled for 9:00 a.m. Eastern -
SAN DIEGO and WARREN, March 6, 2013 -- Encore Capital Group, Inc. (Nasdaq: ECPG ) and Asset Acceptance Capital Corp. (Nasdaq: AACC) today announced that Encore has entered into an agreement to acquire Asset Acceptance Capital Corp. Based in Warren, Michigan, Asset Acceptance has decades of experience in buying consumer receivables across a broad range of as... |
| | | 03/06/13 | Asset Acceptance Capital Corp. Reports Fourth Quarter and Full Year 2012 Results|
Earnings per fully diluted share for the full year 2012 of $0.35;
strong quarter of investment in purchased receivables
WARREN, Mich.--(BUSINESS WIRE)--Mar. 6, 2013--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter and fiscal year ended December 31, 2012.
In a separate press release, the Company also announced today that it
had... |
| | | 03/04/13 | Asset Acceptance Capital Corp. Postpones its Fourth Quarter and 2012 Year-End Earnings Release| WARREN, Mich.--(BUSINESS WIRE)--Mar. 4, 2013--
Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it is
postponing its fourth quarter and 2012 year-end earnings release and
conference call from March 4, 2013 to March 6, 2013 at 5:30 p.m.
Eastern. The Company does not anticipate a delay in the filing of its
annual report on Form 10-K.
About Asset Acceptance Capital Corp.
For over 50 years, Asset Acceptance has pr... |
| | | 02/19/13 | Asset Acceptance Capital Corp. to Host Fourth Quarter and 2012 Year-End Conference Call March 4| WARREN, Mich.--(BUSINESS WIRE)--Feb. 19, 2013--
Asset Acceptance Capital Corp. (NASDAQ: AACC)
announced today that it will release its financial results for the
fourth quarter and year-end 2012 on Monday, March 4, 2013, at 4:00 p.m.
Eastern. The Company will host a conference call at 4:30 p.m. Eastern
the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional inves... |
| | | 10/29/12 | Asset Acceptance Capital Corp. Reports Third Quarter 2012 Results|
Increased investment in the Legal channel, which recorded a 15%
increase in collection growth
WARREN, Mich.--(BUSINESS WIRE)--Oct. 29, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter ended September 30, 2012.
Third Quarter 2012 Financial Highlights:
Cash collections for the third quarter of 2012 were $89.2 millio... |
| | | 10/15/12 | Asset Acceptance Capital Corp. to Host Third Quarter Conference Call October 29| WARREN, Mich.--(BUSINESS WIRE)--Oct. 15, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC)
announced today that it will release its financial results for the third
quarter 2012 on Monday, October 29, 2012, at 4:00 p.m. Eastern. The
Company will host a conference call at 4:30 p.m. Eastern the same day to
discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and an... |
| | | 10/12/12 | Asset Acceptance Capital Corp. Founder and Former Chairman Rufus ‘Bud’ Reitzel, Jr. Passes Away| WARREN, Mich.--(BUSINESS WIRE)--Oct. 12, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, is
deeply saddened by the passing of Rufus ‘Bud’ Reitzel, Jr., founder and
former chairmen of the Company. He was 78.
Mr. Reitzel founded the organization that would eventually become Asset
Acceptance Capital Corp., in 1962. Over the course of several decades,
Mr. Reitzel develop... |
| | | 09/10/12 | Asset Acceptance Capital Corp. Announces the Expansion of Its Legal Collections Operations in Florida and the Closing of Its Arizona Collections Call Center|
Office closure and related inventory and resource reallocations
expected to be accretive to 2013 earnings by approximately $4.0 million
or $0.13 per share
WARREN, Mich.--(BUSINESS WIRE)--Sep. 10, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that it will be expanding its legal collections operations in
Riverview, Florida and closing its Tempe, Arizo... |
| | | 08/28/12 | Asset Acceptance Capital Corp. Announces Changes to Board of Directors|
Elects Two New Directors and Chairman Transition
WARREN, Mich.--(BUSINESS WIRE)--Aug. 28, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced the election of Philip Goodeve and Gerald J. Wilkins to the
Company’s Board of Directors. The Company also named Eugene Lockhart as
the Chairman of the Board. Mr. Lockhart has been a member of the
Company’s Board si... |
| | | 07/30/12 | Asset Acceptance Capital Corp. Reports Second Quarter 2012 Results|
Highest purchasing quarter since 2008; Fully diluted earnings per
share of $0.12
WARREN, Mich.--(BUSINESS WIRE)--Jul. 30, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter ended June 30, 2012.
Second Quarter 2012 Financial Highlights
During the second quarter of 2012, the Company invested $58.9 million to
pu... |
| | | 07/11/12 | Asset Acceptance Capital Corp. to Host Second Quarter Conference Call July 30| WARREN, Mich.--(BUSINESS WIRE)--Jul. 11, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC)
announced today that it will release its financial results for the
second quarter 2012 on Monday, July 30, 2012, at 4:00 p.m. Eastern. The
Company will host a conference call at 4:30 p.m. Eastern the same day to
discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and anal... |
| | | 06/26/12 | Asset Acceptance Capital Corp. Joins the Russell 2000, Russell 3000 and Russell Global Indexes| WARREN, Mich.--(BUSINESS WIRE)--Jun. 26, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that it has been added to the list of public companies that
comprise the Russell 2000 (®), Russell 3000 (®)Russell Global Indexes.
Asset Acceptance’s inclusion became effective on Friday, June 22, 2012,
following the Russell Investment Group’s annual reconstitution of its
... |
| | | 04/26/12 | Asset Acceptance Capital Corp. Reports First Quarter 2012 Results| Earnings per fully diluted share increase to $0.18 from $0.04 in the
prior year period; record quarterly cash collections
WARREN, Mich., Apr 26, 2012 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter ended March 31, 2012.
First Quarter 2012 Financial Highlights
Cash collections for the first quarter of 2012 increased 10.8% compared
... |
| | | 04/05/12 | Asset Acceptance Capital Corp. to Host First Quarter Conference Call April 26| WARREN, Mich.--(BUSINESS WIRE)--Apr. 5, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC)
announced today that it will release its financial results for the first
quarter 2012 on Thursday, April 26, 2012, at 4:00 p.m. Eastern. The
Company will host a conference call at 4:30 p.m. Eastern the same day to
discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and ana... |
| | | 03/05/12 | Asset Acceptance Capital Corp. Reports Fourth Quarter and Full Year 2011 Results|
Earnings per fully diluted share for the fourth quarter and full year
2011 of $0.14 and $0.39, respectively; significant increases from prior
year in collections, revenue and net income
WARREN, Mich.--(BUSINESS WIRE)--Mar. 5, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter and fiscal year ended December 31, 2011.
Fourth ... |
| | | 02/08/12 | Asset Acceptance Capital Corp. to Host Fourth Quarter and 2011 Year-End Conference Call March 5| WARREN, Mich.--(BUSINESS WIRE)--Feb. 8, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it
will release its financial results for the fourth quarter and year-end
2011 on Monday, March 5, 2012, at 4:00 p.m. ET. The Company will host a
conference call at 4:30 p.m. ET the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts.... |
| | | 01/30/12 | Asset Acceptance Capital Corp. Announces FTC Consent Decree| WARREN, Mich.--(BUSINESS WIRE)--Jan. 30, 2012--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt,
announced today that its subsidiary, Asset Acceptance, LLC, has resolved
an FTC investigation of the Company’s practices under the Federal Trade
Commission Act, Fair Debt Collection Practices Act and Fair Credit
Reporting Act. As part of the consent decree Asset Acceptance, LLC has
agree... |
| | | 11/14/11 | Asset Acceptance Capital Corp. Announces New Credit Facility| Enhances purchasing capacity and flexibility to fund long-term growth
strategy
WARREN, Mich., Nov 14, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced the completion of a new senior secured credit facility. The
new facility was led by a syndicate of banks with J.P. Morgan Securities
LLC and RBS Citizens N.A. acting as lead arrangers. Berenson & Compa... |
| | | 11/01/11 | Asset Acceptance Capital Corp. Reports Third Quarter 2011 Results| Earnings per fully diluted share of $0.10 driven by continued
momentum in collection growth, improved operating expense base and
operating efficiencies
WARREN, Mich., Nov 01, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter ended September 30, 2011.
Third Quarter 2011 Financial Highlights:
Cash collections for the third quarter of 20... |
| | | 10/18/11 | Asset Acceptance Capital Corp. to Host Third Quarter Conference Call
November 1| WARREN, Mich., Oct 18, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it
will release its financial results for the third quarter 2011 on
Tuesday, November 1, 2011, at 4:00 p.m. ET. The Company will host a
conference call at 4:30 p.m. ET the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors
... |
| | | 07/28/11 | Asset Acceptance Capital Corp. Reports Second Quarter 2011 Results| Earnings per fully diluted share increase to $0.12 from $0.03 in the
prior year period
WARREN, Mich., Jul 28, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter ended June 30, 2011.
Second Quarter 2011 Financial Highlights:
Cash collections for the second quarter of 2011 increased 5.9% compared
to the prior year period to $89.2 million... |
| | | 07/07/11 | Asset Acceptance Capital Corp. to Host Second Quarter Conference Call
July 28| WARREN, Mich., Jul 07, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it
will release its financial results for the second quarter 2011 on
Thursday, July 28, 2011, at 4:00 p.m. ET. The Company will host a
conference call at 4:30 p.m. ET the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors
... |
| | | 06/09/11 | Asset Acceptance Capital Corp. to Present at 31st Annual William
Blair & Co. Growth Stock Conference| WARREN, Mich., Jun 09, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that President and CEO Rion Needs and Senior Vice President of
Finance and CFO Reid Simpson will present at the 31st Annual William
Blair & Co. Growth Stock Conference to be held at the Four Seasons Hotel
in Chicago. Management is scheduled to present at 10:40 a.m. CDT,
Thur... |
| | | 05/17/11 | Asset Acceptance Capital Corp. Delays Pursuit of New Senior Secured
Credit Facilities| WARREN, Mich., May 17, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that it has decided to delay its pursuit of new senior secured
credit facilities.
Rion
Needs, President and Chief Executive Officer, commented, "While we
had built meaningful demand during the recent process, we believe this
additional time will allow us to demonstrate impr... |
| | | 04/28/11 | Asset Acceptance Capital Corp. Reports First Quarter 2011 Results| Earnings per fully diluted share increase to $0.04 from $0.01 in the
prior year period
WARREN, Mich., Apr 28, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter ended March 31, 2011.
First Quarter 2011 Financial Highlights:
Cash collections for the first quarter of 2011 increased 2.3% compared
to the prior year period to $91.3 million.... |
| | | 04/20/11 | Asset Acceptance Capital Corp. to Pursue New Senior Secured Credit
Facilities| New credit facilities will provide additional capacity and flexibility
WARREN, Mich., Apr 20, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ:AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that it has engaged JP Morgan Securities LLC to act as sole
lead arranger and bookrunner to arrange a syndicate of lenders to fund
new senior secured loans to replace its existing credit facilities.
The proposed trans... |
| | | 04/14/11 | Asset Acceptance Capital Corp. to Host First Quarter Conference Call
April 28| WARREN, Mich., Apr 14, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it
will release its financial results for the first quarter 2011 on
Thursday, April 28, 2011, at 4:00 p.m. ET. The Company will host a
conference call at 4:30 p.m. ET the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors
... |
| | | 03/03/11 | Asset Acceptance Capital Corp. Reports Fourth Quarter and Full Year
2010 Results| The Company increased year-over-year purchasing and implemented
significant cost reduction actions
WARREN, Mich., Mar 03, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter and fiscal year ended December 31, 2010.
Fourth Quarter 2010 Financial Highlights
Cash collections for the fourth quarter of 2010 increased 2.3% compared
to the pri... |
| | | 02/03/11 | Asset Acceptance Capital Corp. to Host Fourth Quarter and 2010
Year-End Conference Call March 3| WARREN, Mich., Feb 03, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it
will release its financial results for the fourth quarter and year-end
2010 on Thursday, March 3, 2011, at 4:00 p.m. EST. The Company will host
a conference call at 4:30 p.m. EST the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual in... |
| | | 12/30/10 | Asset Acceptance Capital Corp. Announces Additional Cost Reduction
Actions| WARREN, Mich., Dec 30, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that it will be closing its Cleveland, Ohio collections
office. Once substantially completed, the closing of the office is
expected to reduce the Company's operating expenses by approximately
$3.0 million per year.
In connection with closing the Cleveland collections office, the Co... |
| | | 12/01/10 | Asset Acceptance Capital Corp. Announces Appointment of Chief
Information Officer| WARREN, Mich., Dec 01, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that it has hired Todd Langusch to assume the role of Chief
Information Officer.
Rion Needs, President and Chief Executive Officer, commented, "We are
excited to welcome Todd to the Asset Acceptance senior leadership team.
He will be responsible for leading the IS organization and ... |
| | | 11/02/10 | Asset Acceptance Capital Corp. Reports Third Quarter 2010 Results| The Company increases year over year purchasing by 53% for the first
nine months of 2010
WARREN, Mich., Nov 02, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter ended September 30, 2010.
Financial highlights from the third quarter 2010 included:
Cash collections of $78.9 million;
Revenues of $48.5... |
| | | 10/14/10 | Asset Acceptance Capital Corp. to Host Third Quarter Conference Call
November 2| WARREN, Mich., Oct 14, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it
will release its financial results for the third quarter 2010 on
Tuesday, November 2, 2010, at 4:00 p.m. EDT. The Company will host a
conference call at 4:30 p.m. EDT the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors
... |
| | | 10/04/10 | Asset Acceptance Capital Corp. Announces the Closing of its Chicago
Office| Office closure expected to reduce operating expenses by approximately
$2.0 million per year
WARREN, Mich., Oct 04, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that it will be closing its Chicago, Illinois, collections
office. Once substantially completed, the closing of the office will
reduce the Company's operating expenses by approximately $2.0 mi... |
| | | 07/29/10 | Asset Acceptance Capital Corp. Reports Second Quarter 2010 Results| Cash Collections of $84.2 million during the second quarter; Net
Income of $774.5 thousand, or $0.03 per fully diluted share
WARREN, Mich., Jul 29, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
reported results for the quarter ended June 30, 2010.
Financial highlights from the second quarter 2010 included:
Cash collections of $84.2 million;
... |
| | | 07/15/10 | Asset Acceptance Capital Corp. to Host Second Quarter Conference Call
July 29| WARREN, Mich., Jul 15, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it
will release its financial results for the second quarter 2010 on
Thursday, July 29, 2010, at 4:00 p.m. EST. The Company will host a
conference call at 4:30 p.m. EST the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors
... |
| | | 06/04/10 | Asset Acceptance Capital Corp. Secures Amended Credit Facility| Substantially expands capacity under revised covenants
WARREN, Mich., Jun 04, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that it has reached an agreement with its lenders on an
amendment to its existing senior secured credit facility. The updated
revolving credit facility expands the Company's borrowing capacity from
approximately $37 million as of... |
| | | 04/29/10 | Asset Acceptance Capital Corp. Names Reid E. Simpson Chief Financial
Officer| WARREN, Mich., Apr 29, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt,
announced today the appointment of Reid E. Simpson to the office of
Senior Vice President and Chief Financial Officer, effective May 17,
2010. He succeeds Mark Redman, who announced his resignation in January
2010 and plans to pursue other opportunities. Mr. Redman'sresignation
will be effectiv... |
| | | 04/29/10 | Asset Acceptance Capital Corp. Reports First Quarter 2010 Results| Cash collections of $89.2M during the first quarter
WARREN, Mich., Apr 29, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced results for the quarter ended March 31, 2010.
Highlights from the first quarter 2010 include:
Cash collections of $89.2 million;
Operating expenses of 54.2% percent of cash collections;
... |
| | | 04/19/10 | Asset Acceptance Capital Corp. to Host First Quarter Conference Call
April 29| WARREN, Mich., Apr 19, 2010 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it
will release its financial results for the first quarter 2010 on
Thursday, April 29, 2010, at 4:00 p.m. EST. The Company will host a
conference call at 5:00 p.m. EST the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors
... |
| | | 03/10/10 | Asset Acceptance Capital Corp. Reports Fourth Quarter and Full Year
2009 Results| Increased purchasing during the quarter; Acquired $43.0M in charged-off consumer receivable portfoliosWARREN, Mich., Mar 10, 2010 (BUSINESS WIRE) -- Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced results for the quarter and fiscal year ended December 31,
2009.
Highlights from the fourth quarter 2009 include:
Acquired $43.0 million (net of buybacks) in charged-off consum... |
| | | 03/02/10 | Asset Acceptance Capital Corp. to Host Fourth Quarter and 2009
Year-End Conference Call March 10| WARREN, Mich., Mar 02, 2010 (BUSINESS WIRE) -- Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it
will release its financial results for the fourth quarter and year-end
2009 on Wednesday, March 10, 2010, at 4:00 p.m. EST. The Company will
host a conference call at 5:00 p.m. EST the same day to discuss its
results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Indivi... |
| | | 11/24/09 | Asset Acceptance Capital Corp. Announces Appointment of New Vice President of Collections| WARREN, Mich.--(BUSINESS WIRE)--Nov. 24, 2009--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced that it has hired Mark J. Cavin to assume the role of Vice
President of Collections, after an extensive and carefully conducted
search process.
“Mark’s broad collections expertise in accounts receivables management,
debt purchasing, operations manageme... |
| | | 11/02/09 | Asset Acceptance Capital Corp. Reports Third Quarter 2009 Results|
Announces amended credit agreement substantially expanding capacity
under revised covenants
WARREN, Mich.--(BUSINESS WIRE)--Nov. 2, 2009--
Asset Acceptance Capital Corp. (NASDAQ: AACC),
a leading purchaser and collector of charged-off consumer debt, today
announced results for the quarter ended September 30, 2009.
Highlights from the third quarter include:
Acquired $37.2 million (net of buybacks) in char... |
| | | 10/26/09 | Asset Acceptance Capital Corp. to Host Third Quarter Conference Call November 2| WARREN, Mich.--(BUSINESS WIRE)--Oct. 26, 2009--
Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it
will release its financial results for the third quarter 2009 on Monday,
November 2, 2009, at 4:00 p.m. EST. The Company will host a conference
call at 5:00 p.m. EST the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Indiv... |
| | | 07/30/09 | Asset Acceptance Capital Corp. Announces Second Quarter 2009 Results| Reports Cash Collections of $87.3 Million, Operating Expenses of 51.6% of Cash
Collections
WARREN, Mich., July 30 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced results for the second quarter of 2009. The
Company's second-quarter results included cash collections of $87.3 million
and operating expenses of 51.6% of cash collections. The Compa... |
| | | 07/22/09 | Asset Acceptance Capital Corp. to Host Second Quarter Conference Call July 30| WARREN, Mich., July 22 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the second quarter 2009 on Thursday, July 30, 2009, before the
market opens. The Company will host a conference call at 11 a.m. EDT the same
day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors and
retail broker... |
| | | 06/24/09 | Asset Acceptance Capital Corp. Chairman's Related Family Trust Enters into Pre-Arranged Stock Trading Plan| WARREN, Mich., June 24 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced that a trust of which the spouse of its
non-executive Chairman and founder, Nathaniel F. Bradley IV, is trustee, has
entered into a pre-arranged, non-discretionary stock trading plan. The plan
was adopted in accordance with guidelines specified under SEC Rule 10b5-1
under the Securities Exchange Act of 1934 and ... |
| | | 06/18/09 | Asset Acceptance Signs Job Creation Agreement With Michigan Economic Growth Authority| $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 c... |
| | | 06/04/09 | Asset Acceptance Capital Corp. to Present at William Blair & Co. 29th Annual Growth Stock Conference| WARREN, Mich., June 4 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced that President and CEO Rion Needs and Senior
Vice President-Finance and CFO Mark Redman will present at the William Blair &
Co. 29th Annual Growth Stock Conference to be held at the Four Seasons Hotel
in Chicago. Management is scheduled to present at 11:20 a.m. CDT, Wednesday,
June 10, 2009. The presentation wil... |
| | | 04/30/09 | Asset Acceptance Capital Corp. Announces First Quarter 2009 Results| WARREN, Mich., April 30 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced results for the first quarter of 2009. The
Company's first-quarter results included cash collections of $94.1 million and
operating expenses of 50.0 percent of cash collections. The Company reported
earnings of $0.15 per fully diluted share for the period.
Asset Acceptance reported cash collections of $94.1... |
| | | 04/21/09 | Asset Acceptance Capital Corp. to Host First Quarter Conference Call April 30| WARREN, Mich., April 21, 2009 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital Corp. (Nasdaq: AACC) announced today that it will release its financial results for the first quarter 2009 on Thursday, April 30, 2009, before the market opens. The Company will host a conference call at 10 a.m. EDT the same day to discuss its results.
Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. Individual investors and retail br... |
| | | 02/19/09 | Asset Acceptance Capital Corp. Announces Fourth Quarter and Full Year 2008 Results; Unveils 2009 Outlook| WARREN, Mich., Feb. 19 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced financial results for its fourth quarter and
fiscal year ended December 31, 2008. The Company's full-year results included
cash collections of $369.6 million and a decline in operating expenses to 53.0
percent of cash collections. The Company reported earnings per fully diluted
share in the fourth quarter of $0... |
| | | 02/12/09 | Asset Acceptance Capital Corp. to Host Fourth Quarter and 2008 Year-End Conference Call February 19| WARREN, Mich., Feb. 12 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the fourth quarter and year-end 2008 on Thurs., Feb. 19, 2009,
before the market opens. The Company will host a conference call at 10 a.m.
EST the same day to discuss its results as well as provide a detailed
strategic update for 2009. The strategic update portion of the call will be
accompanied by a slide presentation that will... |
| | | 11/04/08 | Asset Acceptance Capital Corp. Announces Third Quarter 2008 Results| Reports Cash Collections of $90.8 Million, Operating Expenses Decline to 55.2%
of Cash Collections and Purchasing of $36.0 Million
WARREN, Mich., Nov. 4 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced third quarter 2008 results, highlighted by
higher net income and Adjusted EBITDA.
Asset Acceptance reported cash collections of $90.8 million in the third
quarter end... |
| | | 10/21/08 | Asset Acceptance Capital Corp. to Host Third Quarter 2008 Conference Call November 4| WARREN, Mich., Oct. 21 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the third quarter 2008 on Tuesday, Nov. 4, 2008, before the market
opens. The Company will host a conference call at 10 a.m. Eastern time the
same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors and
retai... |
| | | 08/05/08 | Asset Acceptance Capital Corp. Announces Second Quarter 2008 Results| Reports Cash Collections of $95.2 Million, Operating Expenses of 52.2% of Cash
Collections and Record Purchasing of $65.3 Million
WARREN, Mich., Aug. 5 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced second quarter 2008 results, highlighted by
record investments in purchased receivables of $65.3 million and reduced
operating expenses of 52.2 percent of cash collections... |
| | | 08/05/08 | Asset Acceptance Capital Corp. Announces Rion Needs to Succeed Brad Bradley as President and CEO, Bradley to Remain as Chairman| WARREN, Mich., Aug. 5 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced that Chief Operating Officer Rion Needs will
ascend to President and CEO of the Company effective January 1, 2009, in line
with a succession plan approved by the board of directors. Needs will succeed
current President and CEO Brad Bradley, who will remain as non-executive
Chairman of the Board. The Board also voted to increase the total number of
directors from eight to nine, and ... |
| | | 07/23/08 | Asset Acceptance Capital Corp. To Host Second Quarter 2008 Conference Call August 5| WARREN, Mich., July 23 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the second quarter 2008 on Tuesday, August 5, 2008, before the
market opens. The Company will host a conference call at 10 a.m. Eastern the
same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors and
retail br... |
| | | 06/12/08 | Asset Acceptance Capital Corp. to Present at William Blair & Co. 28th Annual Growth Stock Conference| WARREN, Mich., June 12 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) Chairman, President and CEO Brad Bradley, Senior Vice
President-Finance and CFO Mark Redman and Senior Vice President and COO Rion
Needs will present at the William Blair & Co. 28th Annual Growth Stock
Conference in Chicago at 1:10 p.m. CDT, Thursday, June 19, 2008. The
conference will be held at the Four Seasons Hotel.
The presentation will be available live via webcast at
www.AssetAcc... |
| | | 05/29/08 | Asset Acceptance Capital Corp. to Present at Keefe, Bruyette & Woods Diversified Financials Conference| WARREN, Mich., May 29 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) Chairman, President and CEO Brad Bradley, Senior Vice
President-Finance and CFO Mark Redman and Senior Vice President and COO Rion
Needs will present at the Keefe, Bruyette & Woods Diversified Financials
Conference in New York at 11:55 a.m. EDT, Thursday, June 5, 2008. The
conference will be held at the St. Regis Hotel.
The presentation will be available live via webcast at
http://www.As... |
| | | 05/22/08 | Asset Acceptance Capital Corp. Announces Registration Statement Filing for Selling Shareholder| WARREN, Mich., May 22 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced that it had filed a registration statement on
behalf of its largest shareholder, AAC Quad-C Investors LLC, allowing it to
sell up to 10,932,051 shares from time to time in the future when it
determines that sales are in its interest. Terrence D. Daniels and Anthony R.
Ignaczak, principals of the selling sharehold... |
| | | 04/30/08 | Asset Acceptance Capital Corp. Announces First Quarter 2008 Results| Reports Record Cash Collections and Operating Expenses Reduced to 50% of Cash
Collections; Revenue Declines on Higher Purchased Receivable Amortization
WARREN, Mich., April 30 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced first quarter 2008 results, highlighted by a
4.6 percent improvement in cash collections and reduced operating expenses.
Total revenues declined by 4.4 percen... |
| | | 04/16/08 | Asset Acceptance Capital Corp. to Host First Quarter 2008 Conference Call April 30| WARREN, Mich., April 16 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the first quarter 2008 on Wednesday, April 30, 2008, before the
market opens. The Company will host a conference call at 10 a.m. Eastern the
same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors and
retai... |
| | | 03/10/08 | Asset Acceptance Capital Corp. Announces Amendment to Credit Agreement| WARREN, Mich., March 10 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, announced that it entered into an amendment today to its credit
agreement. As previously reported on February 22, 2008, Asset Acceptance
obtained a temporary waiver of noncompliance with its total liabilities to
tangible net worth covenant until March 17, 2008 to permit it time to obtain
the amendment.
The amendment to it... |
| | | 02/26/08 | Asset Acceptance Capital Corp. Announces Fourth Quarter and Full Year 2007 Results| Year-End Highlights Include Record Annual Cash Collections and Investment In
Purchased Receivables
WARREN, Mich., Feb. 26 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced financial results for its fourth quarter and
fiscal year ended December 31, 2007.
Asset Acceptance reported cash collections of $89.1 million in the fourth
quarter ended December ... |
| | | 02/22/08 | Asset Acceptance Capital Corp. Announces Preliminary Fourth Quarter and Full Year 2007 Results; Waiver of Noncompliance with Loan Covenant as of December 31, 2007; and Final Earnings Release Date| WARREN, Mich., Feb. 22 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced (1) preliminary fourth quarter and full year
2007 results; (2) the receipt of a waiver of noncompliance with a financial
covenant under its credit agreement, dated June 5, 2007, with JPMorgan Chase
Bank and other lenders; and (3) February 26, 2008 as the date to announce
final earnings results for the fourth quar... |
| | | 11/27/07 | Asset Acceptance Capital Corp. to Ring Closing Bell at NASDAQ Stock Market| WARREN, Mich., Nov. 27 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced that Chairman, President and CEO Brad
Bradley will preside over the closing bell of the NASDAQ Stock Market on
Wednesday, Nov. 28, 2007 at 4 p.m., Eastern.
Bradley will be joined by Mark Redman, Senior Vice President-Finance and
CFO; Rion Needs, Senior Vice President and Chief Operating Officer; Deborah
Everly, Senior Vice President and Chief Acquisitions Officer; and ot... |
| | | 11/06/07 | Asset Acceptance Capital Corp. Announces Third Quarter 2007 Results| Impairment Charge of $13.8 Million Results in Net Loss of $0.05 per Share
WARREN, Mich., Nov. 6 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced third quarter 2007 results, highlighted by 12.2
percent growth in cash collections and a 19.6 percent increase in account
representative productivity, compared to the year-ago period.
Asset Acceptance reported cash collections of $90.7... |
| | | 10/25/07 | Asset Acceptance Capital Corp. Announces Preliminary Third Quarter 2007 Results| WARREN, Mich., Oct. 25 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced preliminary results for the third quarter ended
September 30, 2007.
Asset Acceptance reported that it would incur net impairments on its
purchased receivables in the range of $13.0 to $15.0 million, or $0.27 to
$0.31 per share net of taxes, in the third quarter of 2007 after a review of
the Company's models ... |
| | | 10/11/07 | Asset Acceptance Recognized for Women in Leadership| Company Ranked #2 Among Michigan Peers
WARREN, Mich., Oct. 11 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced that it has been recognized by the
Inforum Center for Leadership and University of Michigan's Ross School of
Business as a "Most Valuable Player" (MVP) company in the representation of
women in leadership positions.
The 2007 Michigan Women's Leadership Index, produced by the two
organizations, measures the presenc... |
| | | 10/02/07 | Asset Acceptance Capital Corp. Promotes Deborah Everly to Senior Vice President and Chief Acquisitions Officer| WARREN, Mich., Oct. 2 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced that Deborah L. Everly has been promoted
from Vice President-Marketing and Acquisitions to Senior Vice President and
Chief Acquisitions Officer. Everly will maintain her current responsibilities
under the new title.
"Deb provides our organization with exemplary leadership in the field of
debt purchasing," said Brad Bradley, Chairman, President and CEO of Asset
Acceptance. ... |
| | | 08/02/07 | Asset Acceptance Capital Corp. Announces Second Quarter 2007 Results| Collections Growth Bolstered By Productivity Gains; Purchasing Robust Through
First Half Of 2007
WARREN, Mich., August 2 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced second quarter 2007 results, highlighted by a
6.5 percent improvement in cash collections and a 16.3 percent increase in
account representative productivity compared to the year-ago peri... |
| | | 07/23/07 | Asset Acceptance Capital Corp. Announces Appointment of Rion Needs as Chief Operating Officer| WARREN, Mich., July 23, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced the appointment of Rion B. Needs to the
newly created position of Chief Operating Officer. Needs, age 45, will be
responsible for managing key operational aspects of the business, including
collections, information technology and corporate strategy. As Chief
Operating Officer, he will report directly to Brad Bradley, Chairman,
President and CEO of A... |
| | | 07/19/07 | Asset Acceptance Capital Corp. To Host Second Quarter 2007 Conference Call August 2| WARREN, Mich., July 19 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the second quarter of 2007 on Thursday, August 2, 2007, before the
market opens. The Company will host a conference call at 10 a.m. Eastern the
same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors and
ret... |
| | | 06/18/07 | Asset Acceptance Capital Corp. Declares Special One-Time Cash Dividend of $2.45 Per Share| WARREN, Mich., June 18 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced that its Board of Directors has declared a
special one-time cash dividend of $2.45 per share payable July 31, 2007 to
shareholders of record July 19, 2007.
On April 24, 2007, the Company announced its plan to recapitalize its
balance sheet and return $150 million to shareholders. As previously
reported, the... |
| | | 06/18/07 | Asset Acceptance Capital Corp. to Host Career Fair for Cleveland Office| CLEVELAND, June 18 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, is hosting a career fair tomorrow, Tuesday, June 19 to recruit
account representatives for its Brooklyn Heights office.
What: Asset Acceptance Capital Corp. is hosting a career fair to
recruit Account Representatives for its Collections
Department.
These individu... |
| | | 06/18/07 | Asset Acceptance Capital Corp. Announces Final Results of its Modified 'Dutch Auction' Tender Offer| WARREN, Mich., June 18 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced the final results of its tender offer which
expired at 5:00 p.m. New York City time, on June 12, 2007. AACC commenced the
tender offer on May 9, 2007 to purchase for cash up to 1,858,000 shares of
common stock in a price range of $18.25 to $20.00 per share, net to the seller
in cash, without interest. J.P. Morg... |
| | | 06/13/07 | Asset Acceptance Capital Corp. to Present at William Blair & Co. 27th Annual Growth Stock Conference| WARREN, Mich., June 13 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) Chairman, President and CEO Brad Bradley and Senior Vice
President-Finance and CFO Mark Redman will present at the William Blair & Co.
27th Annual Growth Stock Conference in Chicago at 8:30 a.m. CDT, Wednesday,
June 20, 2007. The conference will be held at the Four Seasons Hotel.
The presentation will be available live via webcast at
www.AssetAcceptance.com. A replay of the presentation... |
| | | 06/13/07 | Asset Acceptance Capital Corp. Announces Preliminary Results of its Modified 'Dutch Auction' Tender Offer| Warren, Mich., June 13 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced the preliminary results of its tender offer
which expired at 5:00 p.m. New York City time, on June 12, 2007. AACC
commenced the tender offer on May 9, 2007 to purchase for cash up to 1,858,000
shares of common stock in a price range of $18.25 to $20.00 per share, net to
the seller in cash, without interest. J.P... |
| | | 06/11/07 | Asset Acceptance Capital Corp. to Host Career Fair at Warren Headquarters| WARREN, Mich., June 11 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, is hosting a career fair on Thursday, June 14 to recruit
account representatives and other professional positions at the company's
Warren headquarters.
What: Asset Acceptance Capital Corp. is hosting a career fair at its
Warren headquarters.
There are several openings for Account Represen... |
| | | 06/11/07 | Asset Acceptance Capital Corp. to Hold Career Fair at Phoenix Office| PHOENIX, June 11 /PRNewswire-FirstCall/ -- Asset Acceptance Capital Corp.
(Nasdaq: AACC), a leading purchaser and collector of charged-off consumer
debt, is hosting a career fair on Thursday, June 14 to recruit account
representatives for the company's Phoenix office.
What: Asset Acceptance Capital Corp. is hosting a career fair to
recruit Account Representatives for its Collections
Department.
These individuals locate ... |
| | | 06/06/07 | Asset Acceptance Capital Corp. Enters Into $250 Million Credit Agreement| WARREN, Mich., June 6 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced that it has entered into an expanded credit
agreement containing a $100 million revolving credit facility and a $150
million term loan facility. As a result, the Company has satisfied the
financing condition with respect to the Company's modified "Dutch auction"
tender offer previously announced.
As with the... |
| | | 06/01/07 | Asset Acceptance Capital Corp. Announces Extension of Tender Offer| WARREN, Mich., June 1 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced that it will extend until June 12, 2007 the
expiration date of its previously announced cash tender offer (the "Offer") to
purchase up to 1,858,000 shares (plus up to an additional 2% of shares
outstanding) in a price range of $18.25 to $20.00 per share. The expiration
of the Offer has been extended to coincide w... |
| | | 05/09/07 | Asset Acceptance Capital Corp. Commences Modified 'Dutch Auction' Tender Offer to Purchase up to 1,858,000 Shares in a Price Range of $18.25 to $20.00 Per Share as Part of a Larger Recapitalization Plan| WARREN, Mich., May 9 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced it is commencing its modified "Dutch auction"
tender offer as part of a larger plan to recapitalize Asset Acceptance Capital
Corp. (the "Company") and return $150 million to shareholders.
The two key elements of the recapitalization plan consist of using up to
$75 million to repurchase shares of common stock fr... |
| | | 04/26/07 | Asset Acceptance Capital Corp. Announces First Quarter 2007 Results| Reports Record Cash Collections, Gains in Account Representative Productivity
WARREN, Mich., April 26 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced first quarter 2007 results, highlighted by a
7.2 percent improvement in cash collections and an overall account
representative productivity increase of 28.6 percent.
Asset Acceptance reported cash collections of $95.9 million in th... |
| | | 04/24/07 | Asset Acceptance Capital Corp. Announces Plan to Return $150 Million to Shareholders Through Special Cash Dividend and Share Repurchase| -- Plans reflect efficient financial structure and confidence in strong long-term growth. -- Company plans to commence "Dutch auction" tender offer to repurchase shares. -- Company also plans to repurchase shares directly from AAC Quad-C Investors LLC (35.7% current ownership), Brad Bradley, CEO and a founder of the Company (12.2% current ownership) and Mark Redman, CFO (2.6% current ownership) at the price paid for shares in the tender offer so that they maintain their ratable ownership interes... |
| | | 04/12/07 | Asset Acceptance Capital Corp. to Host First Quarter 2007 Conference Call April 26| WARREN, Mich., April 12 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the first quarter of 2007 on Thursday, April 26, 2007, before the
market opens. The Company will host a conference call at 10 a.m. Eastern the
same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors and
retail ... |
| | | 03/01/07 | Asset Acceptance Capital Corp. Announces Fourth Quarter and Year-End 2006 Results| Highlights Include Record Investment In Purchased Receivables;
Growth In Cash Collections, Account Representative Productivity
WARREN, Mich., March 1 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced financial results for its fourth quarter and
fiscal year-ended December 31, 2006.
The Company's investments in purchased receivables were $62.2 million in
the fourth q... |
| | | 02/15/07 | Asset Acceptance Capital Corp. to Host Fourth Quarter and 2006 Year-End Conference Call March 1| WARREN, Mich., Feb. 15 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the fourth quarter and year-end 2006 on Thursday, March 1, 2007,
before the market opens. The Company will host a conference call at 10 a.m.
Eastern the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors a... |
| | | 12/21/06 | Asset Acceptance Capital Corp. Names New General Counsel| WARREN, Mich., Dec 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced the addition of Edwin "Skip" Herbert as
General Counsel.
Herbert brings more than 30 years of legal experience to Asset Acceptance.
Previously, he was an equity partner and a member of the financial
institutions practice group at Shumaker, Loop & Kendrick, LLP, where he
concentrated his practice on financial institution mergers and acquisitions,
corpo... |
| | | 11/02/06 | Asset Acceptance Capital Corp. Announces Third Quarter 2006 Results| WARREN, Mich., Nov. 2 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced third quarter 2006 results, highlighted by a
3.5 percent increase in cash collections.
Asset Acceptance reported cash collections of $80.9 million in the third
quarter of 2006 -- the highest third quarter cash collections in the history
of the Company, versus cash collections of $78.2 million in the same perio... |
| | | 10/20/06 | Asset Acceptance Capital Corp. To Host Third Quarter Conference Call Nov. 2| WARREN, Mich., Oct. 20 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the third quarter of 2006 on Thursday, Nov. 2, 2006, before the
market opens. The Company will host a conference call at 10 a.m. Eastern the
same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors and
retail br... |
| | | 08/08/06 | Asset Acceptance Capital Corp. Announces Second Quarter 2006 Results| Period Highlighted By Record Cash Collections, Productivity Gains
WARREN, Mich., Aug. 8 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced second quarter 2006 results, highlighted by a
5.6 percent increase in cash collections.
Revenues declined 2.9 percent to $66.8 million for the second quarter
ended June 30, 2006, including contributions from the recently acquired
operatio... |
| | | 07/17/06 | Asset Acceptance Capital Corp. To Host Second Quarter Conference Call August 8| WARREN, Mich., July 17 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the second quarter of 2006 on Tuesday, Aug. 8, 2006, before the
market opens. The Company will host a conference call at 10 a.m. Eastern
Daylight Time the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors... |
| | | 06/29/06 | Asset Acceptance Capital Corp. Elevated to NASDAQ Global Select Market| WARREN, Mich., June 29 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) is set to join the NASDAQ Global Select Market (NGS), the
premier listing tier for NASDAQ companies, starting on July 3, 2006. The
NASDAQ Global Select Market has the highest initial listing standards of any
exchange in the world based on financial and liquidity requirements. Prior to
the change, Asset Acceptance had been listed on the NASDAQ National Market.
"We are pleased to be sel... |
| | | 06/22/06 | Asset Acceptance Capital Corp. to Present at William Blair & Co. 26th Annual Growth Stock Conference| WARREN, Mich., June 22 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) President and CEO Brad Bradley and Vice President of
Finance and CFO Mark Redman will present at the William Blair & Co. 26th
Annual Growth Stock Conference in Chicago at 2:20 p.m. CDT, Wednesday, June
28, 2006. The conference will be held at the Four Seasons Hotel.
The presentation will be available live via webcast at
http://www.AssetAcceptance.com . A replay of the presentation... |
| | | 06/22/06 | Asset Acceptance Capital Corp. Announces Stock Repurchase Program of up to 2.5 Million Shares| WARREN, Mich., June 22, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced its Board of Directors has authorized the
repurchase of up to 2.5 million shares, or approximately 6.7 percent of the
Company's outstanding common stock. Asset Acceptance reported 37,205,115
shares outstanding as of April 27, 2006.
Repurchases will be made in accordance with applicable insider trading and
other securities laws and regulations in the ... |
| | | 06/20/06 | Asset Acceptance Capital Corp. Announces 10b5-1 Trading Plan for Former Company Officers| WARREN, Mich., June 20 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced that, effective June 14, 2006, Rufus
"Bud" Reitzel, Jr., a former director and officer of the company, and Heather
Reitzel, a former officer of the company and the spouse of Mr. Reitzel, as
well as certain trusts controlled by them, have entered into a 10b5-1 trading
plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934. Mr.
Reitzel, at age 71, officially retire... |
| | | 05/17/06 | Asset Acceptance Capital Corp. Announces Results of Annual Meeting of Shareholders| WARREN, Mich., May 17 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced the results of its annual meeting of
shareholders, held on May 16, 2006.
The Company's shareholders voted to re-elect Jennifer L. Adams, Donald
Haider and H. Eugene Lockhart as members of the Company's nine-member Board of
Directors. The newly re-elected directors' terms are scheduled to expire at
the Company's annual shareholders meeting in 2009 or when a successor is
... |
| | | 05/09/06 | Asset Acceptance Capital Corp. Announces Solid First Quarter 2006 Results, Record Cash Collections| WARREN, Mich., May 9 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced first quarter 2006 results, highlighted by an
11.2 percent increase in cash collections.
Revenues increased 2.0 percent to $67.4 million for the first quarter
ended March 31, 2006, compared with revenues of $66.0 million in the first
quarter of 2005. Growth in collections year over year exceeded revenue growth... |
| | | 05/04/06 | Asset Acceptance Capital Corp. Reschedules First Quarter Release and Conference Call to May 9| WARREN, Mich., May 4 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, said it will release its first quarter results prior to the
opening of the market on Tuesday, May 9, 2006 and host its regular quarterly
earnings conference call at 10 a.m. Eastern Daylight Time that same day.
The Company has chosen to schedule the announcement of first quarter
results pending a review by the Company of an a... |
| | | 04/28/06 | Asset Acceptance Capital Corp. to Acquire Premium Asset Recovery Corp.| Acquisition Bolsters Expertise in Charged-Off Consumer Medical Receivables WARREN, Mich., April 28, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced the acquisition of privately held Premium Asset
Recovery Corporation (PARC) of Deerfield Beach, Florida.
Founded in 1997, PARC is a recognized leader in the charged-off consumer
medical debt purchasing industr... |
| | | 04/21/06 | Asset Acceptance Capital Corp. to Host First Quarter 2006 Conference Call May 4| WARREN, Mich., April 21 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced that it will release its financial
results for the first quarter 2006 on Thursday, May 4, 2006, before the market
opens. The Company will host a conference call at 10 a.m. Eastern time the
same day to discuss the results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors and
reta... |
| | | 02/23/06 | Asset Acceptance Capital Corp. Announces Fourth Quarter and Year-End 2005 Results| Year Highlighted By Record Revenues, Cash Collections and Profitability
WARREN, Mich., Feb. 23 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced fourth quarter and year-ended December 31, 2005
results, highlighted by an 11.9 percent increase in cash collections compared
with the prior-year fourth quarter.
Revenues declined to $53.8 million for the fourth quarter ended December
... |
| | | 02/16/06 | Asset Acceptance Capital Corp. to Host Analyst Day at Corporate Headquarters in Michigan| WARREN, Mich., Feb 16, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced it will host an analyst day on Thursday,
March 16, 2006, starting at noon (EST). Chief Executive Officer Brad Bradley
and Chief Financial Officer Mark Redman will be joined by other key management
team members, who will discuss the results and strategies of the company and
its business s... |
| | | 02/15/06 | Asset Acceptance Capital Corp. Announces Retirement of Founder and Chairman Rufus 'Bud' Reitzel, Jr.| WARREN, Mich., Feb. 15 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that the company's founder and Chairman,
Rufus "Bud" Reitzel, Jr. will retire from his position as chairman and as a
member of the board of directors effective February 28, 2006. Reitzel had
served as Asset Acceptance's CEO until June 2003, after which he assumed the
position of chairman.
Reitzel founded the organization that would eventually become Asset
Acceptance Ca... |
| | | 02/07/06 | Asset Acceptance Capital Corp. to Host Fourth Quarter and 2005 Year-End Conference Call Feb. 23| WARREN, Mich., Feb. 7 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the fourth quarter and year-end 2005 on Thursday, Feb. 23, 2006,
before the market opens. The Company will host a conference call at 10 a.m.
Eastern the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors ... |
| | | 02/02/06 | Asset Acceptance Capital Corp. Announces Preliminary Fourth Quarter 2005 Results| WARREN, Mich., Feb 02, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced preliminary fourth quarter 2005 results and
preliminary fiscal year 2005 results. Cash collections increased 11.9 percent
to $76.5 million in the fourth quarter of 2005 compared to $68.3 million in
the fourth quarter of 2004. For the year ended December 31, 2005, cash
collections increa... |
| | | 11/30/05 | Asset Acceptance Capital Corp. Announces Opening of New Chicago Office| New Location Represents Targeted Expansion in Key Growth Market
WARREN, Mich., Nov. 30 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced the opening of a new legal and call
center collections operation in Chicago. Located near Asset's previous
operation, the new office will provide room for a workforce of more than 200,
80% of which is dedicated to collections activity.
The new 20,905-square-foot facility offers employees on-site trai... |
| | | 11/16/05 | Asset Acceptance Capital Corp. to Present at CIBC World Markets 'Best Ideas' Conference in New York| WARREN, Mich., Nov. 16 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) President and CEO Brad Bradley and Vice President of
Finance and CFO Mark Redman will present at the CIBC World Markets 'Best
Ideas' Small- and Mid-Cap Conference in late November.
* CIBC World Markets 'Best Ideas' Small- and Mid-Cap Conference
Date: Wednesday, November 30, 2005
Location: Room 5.02 of the Millennium Broadway Hotel,
145 West 44th Str... |
| | | 11/01/05 | Asset Acceptance Capital Corp. Announces Third Quarter Results| Reports Year-on-Year Increases in Revenues, Profitability and Purchasing
WARREN, Mich., Nov. 1 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced third quarter 2005 results, highlighted by a
14.3 percent increase in total revenues, a 17.0 percent increase in cash
collections, a 76.9 percent increase in purchased receivables and a 7.4
percent increase in net income compared with the ... |
| | | 10/27/05 | Asset Acceptance Capital Corporation to Present at Two New York Conferences in November| WARREN, Mich., Oct. 27 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) President and CEO Brad Bradley and Vice President of
Finance and CFO Mark Redman will present at two brokerage conferences in New
York in early November.
* Bear, Stearns & Company Small and Mid-Cap Conference
Date: Monday, Nov. 7, 2005
Location: Bear, Stearns & Co. World Headquarters, 383 Madison Avenue
at 47th Street
Presentation Time: 3:15 p... |
| | | 10/19/05 | Asset Acceptance Capital Corp. to Host Third Quarter 2005 Conference Call Nov. 1| WARREN, Mich., Oct. 19 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the third quarter of 2005 on Tuesday, Nov. 1, before the market
opens. The Company will host a conference call at 10 a.m. Eastern time the
same day to discuss the results.
Participation in the question-and-answer session on the call will be
limited to institutional investors and analysts. Individual investors and
retail bro... |
| | | 08/24/05 | Asset Acceptance Capital Corp. to Present at Michigan Growth Stock Conference| WARREN, Mich., Aug. 24 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, will present to institutional fund managers and analysts at the
first-ever Michigan Growth Stock Conference (MGSC) at 8:45 a.m. ET on Aug. 30,
2005. A live webcast of the presentation will be available to investors,
analysts and media.
What: Asset Acceptance Capital Corp. Presents at Michigan Growth Stock
Con... |
| | | 07/28/05 | Asset Acceptance Capital Corp. Announces Second Quarter Results| Record Revenue, Profitability and Cash Collections
WARREN, Mich., July 28 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced second quarter 2005 results, highlighted by a
33.6 percent year-on-year increase in total revenues, a 25.6 percent year-on-
year increase in cash collections and record net income of $0.44 per fully
diluted share, a 41.9 percent year-on-year increase in earning... |
| | | 07/14/05 | Asset Acceptance Capital Corp. to Host Second Quarter 2005 Conference Call July 28| WARREN, Mich., July 14 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the second quarter 2005 on Thursday, July 28, before the market
opens. The Company will host a conference call at 10 a.m. Eastern time the
same day to discuss the results.
Participation in the question-and-answer session on the call will be
limited to institutional investors and analysts. Individual investors and
retail broke... |
| | | 06/16/05 | Asset Acceptance Capital Corp. to Present at William Blair & Co. 25th Annual Growth Stock Conference| WARREN, Mich., June 16 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) President and CEO Brad Bradley and Vice President of
Finance and CFO Mark Redman will present at the William Blair & Co. 25th
Annual Growth Stock Conference in Chicago from 10:30 a.m. to 11:00 a.m.,
Wednesday, June 22, 2005. The conference will be held at the Four Seasons
Hotel.
The presentation, which will be held during the business services group
session, will be available live via web... |
| | | 05/18/05 | Asset Acceptance Capital Corp. Announces Results of the Annual Meeting of Shareholders| WARREN, Mich., May 18 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced the results of its annual meeting of
shareholders, held on May 17, 2005.
The Company's Shareholders have voted to re-elect Rufus H. Reitzel, Jr.,
William F. Pickard and Terrence D. Daniels as members of the Company's nine-
member Board of Directors. The newly re-elected directors' term is scheduled
to expire at the Company's annual shareholders meeting in 2008 or until a
su... |
| | | 05/04/05 | Asset Acceptance Capital Corp. Announces First Quarter Results| Maintains Pace of Record Revenues, Cash Collections, Net Income WARREN, Mich., May 4, 2005 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced first quarter 2005 results, highlighted by a
32.7 percent increase in total revenues, a 23.3 percent increase in cash
collections and record net income of $0.41 per fully diluted share.
Revenues climbed to $66.0 million for the first q... |
| | | 04/22/05 | Asset Acceptance Capital Corp. to Host First Quarter 2005 Conference Call May 4| WARREN, Mich., April 22 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the first quarter 2005 on Wednesday, May 4, 2005, before the
market opens. The Company will host a conference call at 10 a.m. Eastern time
the same day to discuss its results.
Participation in the question-and-answer session on the call will be
limited to institutional investors and analysts. Individual investors and
retail ... |
| | | 04/15/05 | Asset Acceptance Capital Corp. Announces Pricing of Secondary Offering| WARREN, Mich., April 15 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced it has priced the secondary public offering of
5,000,000 shares of its common stock at $18.89 per share. All 5,000,000 of
the shares are being offered by selling stockholders. Asset Acceptance will
not receive any of the proceeds from the sale of common stock by the selling
stockholders. The underwriters have a 3... |
| | | 04/12/05 | Asset Acceptance Capital Corp. Amends Registration Statement for Secondary Offering to Include Preliminary First Quarter Results| WARREN, Mich., April 12 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced it has filed with the Securities and Exchange
Commission Amendment No. 4 to its registration statement for a secondary
public offering of 5,000,000 shares of its common stock. As previously
announced, all of these shares will be offered by certain selling
stockholders, which include members of management and other ... |
| | | 03/07/05 | Asset Acceptance Capital Corp. Files Registration Statement For Secondary Offering| WARREN, Mich., March 7, 2005 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer receivables in the United States, today announced it has filed a
registration statement with the Securities and Exchange Commission for a
secondary public offering of 5,000,000 shares of its common stock. All of
these shares will be offered by selling stockholders, which include members of
management and other holders, a... |
| | | 02/22/05 | Asset Acceptance Capital Corp. Announces Strong Quarterly And Annual Results| Highlighted By Record Revenues And Cash Collections WARREN, Mich., Feb 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced its results for the fourth quarter and year
ended December 31, 2004, highlighted by a 29.8 percent increase in total
revenues and a 26.6 percent increase in cash collections for the quarter.
Revenues for the fourth quarter of 2004 climbed to $57.... |
| | | 02/10/05 | Asset Acceptance Capital Corp. Announces Ribbon-Cutting Ceremony for New Corporate Headquarters in Warren| WARREN, Mich., Feb. 10 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced it will host a ribbon-cutting ceremony
for its new corporate headquarters in Warren, Mich. on Wednesday, Feb. 16 at
10 a.m.
Asset Acceptance Ribbon-Cutting Ceremony
Wednesday, Feb. 16, 2005 at 10 a.m.
28405 Van Dyke Avenue - Warren, Mich.
The new 200,000 square-foot facility, located in Warren's Renaissance
Zone, more than doubles the size of the C... |
| | | 02/01/05 | Asset Acceptance Capital Corp. to Host Fourth Quarter and 2004 Year-End Conference Call Feb. 22| WARREN, Mich., Feb 01, 2005 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the fourth quarter and year-end 2004 on Tuesday, Feb. 22, 2005,
before the market opens. The Company will host a conference call at 10 a.m.
Eastern the same day to discuss its results.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual ... |
| | | 01/27/05 | Asset Acceptance Capital Corp. Announces Executive 10b5-1 Trading Plans| WARREN, Mich., Jan 27, 2005 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced that several members of its executive
management team have established pre-determined trading plans. The stock
trading plans comply with Rule 10b5-1 under the Securities Exchange Act of
1934 and allow executives to sell a limited portion of their holdings during
open trading periods based upon pre-determined stock prices. The aggregate
amount of stock which could... |
| | | 01/25/05 | Asset Acceptance Capital Corp. to Present at the Brean Murray & Co. Annual Institutional Investor Conference| WARREN, Mich., Jan. 25 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) President and CEO Brad Bradley, and Vice President of
Finance and CFO Mark Redman, will present at the Brean Murray & Co. Annual
Institutional Investor Conference in New York from 1:15 to 1:45 p.m., Tuesday,
Feb. 1, 2005. The conference will be held at The New York Palace Hotel.
The presentation, during the financial services group session, will be
available live via webcast at http://... |
| | | 12/30/04 | Asset Acceptance Capital Corp. Closes Improved Credit Facility| WARREN, Mich., Dec 30, 2004 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced it has closed an amendment to its
existing $100 million revolving credit facility with its creditors.
Asset Acceptance said the primary features of the amended agreement are:
* An extension of the term of the credit facility by one year to May 31,
2008;
* A reduction in the interest rate at any level of corporate leverage of
at least 25 basis points ... |
| | | 11/04/04 | Asset Acceptance Capital Corp. Expands Board of Directors| WARREN, Mich., Nov. 4 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced the appointment of William F. Pickard and
William I. Jacobs to the Company's board of directors. These two appointments
increase Asset Acceptance's board to nine, five of whom are independent
members.
Dr. Pickard is a business and civic leader in the Detroit metropolitan
area with extensive experience as both a corporate executive and expert on
public policy. Pickard serve... |
| | | 10/28/04 | Asset Acceptance Capital Corp. Announces Record Third Quarter 2004 Results| Highlighted by record revenues and strong cash collections WARREN, Mich., Oct 28, 2004 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced results for the third quarter ended
September 30, 2004, highlighted by a 29.8 percent increase in total revenues
and a 37.4 percent increase in cash collections.
Revenues for the third quarter of 2004 were $56.0 million, a 29.8 percent
in... |
| | | 10/07/04 | Asset Acceptance Capital Corp. to Host Third Quarter 2004 Conference Call Oct. 28th| WARREN, Mich., Oct. 7 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the third fiscal quarter of 2004 on Thursday, Oct. 28, 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.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individual investors and... |
| | | 07/29/04 | Asset Acceptance Capital Corp. Announces Record Second Quarter 2004 Results| Collections and revenues up over 30 percent
WARREN, Mich., July 29 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced record results for the second quarter ended
June 30, 2004, highlighted by a 35.6 percent increase in total revenues and a
32.0 percent increase in cash collections.
Revenues for the second quarter of 2004 were $51.5 million, a 35.6 percent
increase compared to ... |
| | | 07/27/04 | Asset Acceptance Capital Corp. to Open The NASDAQ Stock Market on August 3| Company Celebrates New NASDAQ Listing WARREN, Mich., Jul 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- 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: Tue... |
| | | 07/26/04 | Asset Acceptance Capital Corp. to Present at America's Growth Capital 2004 Software & Business Services Conference| WARREN, Mich., July 26 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced it will present at America's Growth
Capital 2004 Software & Business Services Conference in Boston, Mass. at
10:15 a.m. on Monday, Aug. 2, 2004. Presenting on behalf of Asset Acceptance
will be Brad Bradley, president and CEO, and Mark Redman, vice president-
finance and CFO.
To listen to the Company's presentation, please go to
http://www.wsw.com/webcast/agc/aacc or t... |
| | | 07/08/04 | Asset Acceptance Capital Corp. to Host Second Quarter 2004 Conference Call July 29th| WARREN, Mich., Jul 8, 2004 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) announced today that it will release its financial
results for the second fiscal quarter of 2004 on Thursday, July 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.
Participation in the question-and-answer session of the call will be
limited to institutional investors and analysts. Individua... |
| | | 06/22/04 | Asset Acceptance Capital Corp. to Join Russell 2000 Index| WARREN, Mich., June 22 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced it has been selected to join the Russell
2000(R) Index when the broad-market index is reconstituted June 25, 2004.
"We are honored that Asset Acceptance has been selected as one of the
respected companies listed on the Russell 2000 Index," said Brad Bradley,
President and CEO of Asset Acceptance Capital Corp. "This prestigious ranking
will increase our visibility, enhance s... |
| | | 05/21/04 | Asset Acceptance Capital Corp. Announces Results of the Annual Meeting of Shareholders| WARREN, Mich., May 21, 2004 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced the results of its annual meeting of
shareholders, which was held on Wednesday, May 19, 2004.
Shareholders elected Nathaniel "Brad" Bradley IV, Asset Acceptance's
president and CEO and Anthony Ignaczak, as Class III members of the board of
directors of the Company. Messrs. Bradley and Ignaczak will serve as
directors of Asset Acceptance Capital until the annua... |
| | | 04/29/04 | Asset Acceptance Capital Corp. Announces First Quarter 2004 Results| Revenues up 43.1 percent, Record cash collections mark first quarter
WARREN, Mich., April 29 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer receivables, today announced results for the first quarter ended
March 31, 2004, highlighted by a 48.1 percent increase in cash collections to
$65.2 million and a 43.1 percent increase in total revenues to $49.7 million.
Asset Acceptance Capital's net loss w... |
| | | 04/12/04 | Asset Acceptance Capital Corp. to Host First Quarter 2004 Conference Call April 29th| WARREN, Mich., April 12 /PRNewswire-FirstCall/ -- 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 reorgani... |
| | | 03/10/04 | Asset Acceptance Capital Corp. Announces 10th Straight Year of Record Results| Revenues up 53 percent for the fourth quarter, 59 percent for the year WARREN, Mich., Mar 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer receivables, today announced record earnings for the fourth quarter
and year ended December 31, 2003.
The company said its fourth quarter and 2003 fiscal year results reflect
its operations prior to its reorganization into Asset Acceptance Capital C... |
| | | 03/02/04 | Asset Acceptance Capital Corp. Expands Board of Directors| WARREN, Mich., March 2 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC) today announced the appointment of Jennifer Adams and Don
Haider to the Company's board of directors. These two appointments increase
Asset Acceptance Capital's board to seven members.
Adams served as general counsel and then vice chairman of World Color
Press, Inc. Headquartered in Greenwich, Conn., the company was the second-
largest commercial printing company in the U.S. before being ... |
| | | 02/25/04 | Asset Acceptance Capital Corp. to Host Fourth Quarter and 2003 Year-End Conference Call March 10th| WARREN, Mich., Feb. 25 /PRNewswire-FirstCall/ -- 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... |
| | | 02/05/04 | Asset Acceptance Capital Corp. Prices Initial Public Offering of Common Stock| Warren, Mich.—February 5, 2004—Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it has priced its initial public offering of 7,000,000 shares of common stock at $15.00 per share. The common stock will begin trading today on the NASDAQ National Market under the symbol “AACC”.
The Company intends to use the net proceeds from this offering to pay down a portion of existing bank indebtedness of a subsidiary of the Company, to pay in full indebtedness owed to AAC Quad-C In... |
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