Manchester, Inc. Comments on Market Activity in Company's Stock

DALLAS, Oct. 12, 2006 -- Manchester, Inc. (MNCS.OB) today announced it is not aware of any materially adverse news notwithstanding price adjustment in the Company's stock.

Manchester recently closed a $300 million credit commitment and a $75 million loan for the acquisition of privately held Nice Cars, Inc. and Nice Cars Acceptance Corporation, an affiliate credit acceptance company, as previously disclosed.

Manchester is actively exploring additional acquisitions. The Company expects to make additional announcements shortly.

About Manchester, Inc.

Manchester, Inc. headquartered in Dallas, Texas, seeks to create the preeminent company in the "Buy-Here/Pay Here" auto business; selling and financing used vehicles to credit impaired borrowers. The company intends to sell acquired and newly generated receivable portfolios through a securitization process. On October 6, 2006, Manchester acquired Nice Cars, Inc. and Nice Cars Acceptance Corp. Nice Cars, Inc., headquartered in Chattanooga, Tennessee, operates six automotive sales lots that focus exclusively on the Buy-Here/Pay-Here segment of the used car market. Buy- Here/Pay-Here dealerships sell and finance used cars to individuals with limited credit histories or past credit problems. Nice Cars Acceptance is a financial services affiliate of Nice Cars, Inc. that purchases the retail sales contracts of Nice Cars, Inc. and assumes all rights and responsibilities with respect to sales contracts with varying terms, generally ranging from 24- 48 months.