Manchester Inc. Discloses Q3 2006 Estimates

DALLAS, Oct. 16, 2006 -- Manchester Inc. (MNCS.OB), today disclosed 2006 estimates of year-to-date performance. The company estimates that 2006 year-to-date gross revenue thru September was approximately $72,562,000 with year to date net income thru September of approximately $7,755,000. For the month of September 2006 alone, gross revenues are estimated to total $9,322,000 million with net income of $1,046,000. A release disclosing detailed third quarter 2006 performance will be forthcoming shortly.

Manchester audited revenues for 2005 were $75,962,634, a 32.75% increase from 2004. Audited earnings for 2005 were $6,373,019, an increase of 74.29% from 2004. All audited figures were contained in the Company's October 6 press release and October 11 SEC filings.

Manchester also disclosed that it opened a lot in Marrietta, Georgia on August 26 that brings the total lots to 6 and has sold 190 cars through September and 200 cars to date in October.

Manchester further noted that regarding its October 4th closing of its acquisition of Nice Cars, Inc., the associated $300 million credit commitment is not convertible into equity of any kind.

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.

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Manchester cannot provide assurances that any prospective matters described in the press release will be successfully completed or that the Company will realize the anticipated benefits of any transactions. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential from war or other hostilities in other parts of the world; availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Manchester SEC filings. Manchester undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the business of Manchester, please refer to the risks and uncertainties detailed in the Manchester SEC filings.