If you wiped the HD, you'll not have a Recovery partition to restore from.
You'll need to try to run the Recovery Disks again.
Then you can either find a Windows 7 installer for your version to clean reinstall without the Acer factory bloatware: Reinstalling Windows 7 - Windows 7 Forums
Or call Acer tech support which is included in your Warranty for the first year. Tell them you have tried to run Factory Recovery from the partition and the disks, in that order, and that neither will work. Don't disclose anything else - they can get jiggy about wiping HD's or clean reinstalling. Just dont' tell them that.
Let them walk you through whatever troubleshooting they do nowadays (don't expect much) to see if they have a fix for a known issue. If not, they will likely want to send you a new Recovery Disk set. You can accept that, then while waiting for the disks try the clean reinstall.
Or you can insist that they RMA the machine. Be polite but firm, never lose your temper or whine. Your purpose is to see if they have a fix for a known issue, discover your options. If I don't like the way an agent is handling it, I politely say I have to go, then call back to try another.