Executive Change: Todd Langusch to Asset Acceptance as Chief Information Officer

WARREN, Mich. 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 ensuring our information technology investments are meeting the needs of the Company. Todd’s track record, professional experience and IT expertise will be key to building our infrastructure and collection capabilities across our network. We are confident in his ability to further realize operational efficiencies, improve analytics, and develop our business intelligence capabilities to position Asset Acceptance for long-term growth.”

Langusch has a strong background within the Collection and Debt Purchasing Industry. Most recently, he served as Chief Executive Officer for Tech Lock Incorporated. While at Tech Lock, Langusch led project teams to perform technology assessments, remediation services and consulting for companies seeking industry best IT practices and regulatory compliance measures. Prior to joining Tech Lock Incorporated, Langusch served as a senior director of information technology at Sallie Mae, where he was responsible for the strategic and tactical leadership of the department. Prior to joining Sallie Mae, Langusch served as a senior manager of information technology for MCI, a leading provider of advanced communications services for large businesses, government and international organizations.

Langusch has divested his ownership interest and discontinued his involvement in Tech Lock, which continues to be owned and operated by his spouse. On November 24, 2010, the Company’s Board of Directors waived any potential conflicts of interest for Langusch that may arise under the Company’s Code of Business Conduct resulting from Tech Lock Incorporated continuing to provide services to others within the Collection and Debt Purchasing Industry, which may include competitors or those providing services to the Company.

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, please visit www.AssetAcceptance.com.