As the result of analysis to optimize channel and inventory management, Asset Acceptance Capital Corp. (the "Company") committed on September 4, 2012 to close its Tempe, Arizona collections office and reallocate the inventory from that office to its off-shore collection channel in India. The closing of the Tempe collections office, along with related inventory reallocation, is expected to be accretive to fiscal year 2013 earnings by approximately $4.0 million.

In connection with closing the Tempe collections office, the Company will incur approximately $0.9 million in restructuring charges. Restructuring charges include employee termination benefits of approximately $0.2 million, contract termination costs of approximately $0.5 million for the remaining lease payments on the Tempe, Arizona office, net of potential sub-lease, and accelerated depreciation of $0.2 million. The employee termination benefits and contract termination costs will require the outlay of cash of approximately $0.7 million, while the accelerated depreciation represents a non-cash charge.

These actions are expected to be substantially complete by December 31, 2012.

Estimated amounts concerning the anticipated costs, accounting charges and impact to annual earnings constitute forward-looking statements and are based on management's expectations and beliefs concerning future events affecting the Company. The actual costs, accounting charges and impact to annual earnings resulting from these events may differ from what has been estimated. Please refer to "Part I, Item 1A-Risk Factors" of our most recent Annual Report on Form 10-K and our other SEC filings for a further discussion regarding our exposure to risks and uncertainties.

The following exhibits are furnished herewith:

                Exhibit
                Number    Exhibit Description

                 99.1     Press Release dated September 10, 2012.