Manchester, Inc. (MNCS)
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Business Description from Pinksheets.com: 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 4, 2006, Manchester acquired Nice Cars, Inc. and Nice Cars Acceptance Corp. Nice Cars, Inc., headquartered in Chattanooga, Tennessee, which 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 36-60 months.[1]
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Company Analysis
- Manchester, Inc. Snapshot[1]
- Outstading Shares: 32,787,500 as of 2006-10-19
- Transfer Agent: Nevada Agency & Trust Co., Reno, NV 98501
- Manchester, Inc. Contact Information
- Address: 100 Crescent Court 7th Floor Dallas, TX 75201 USA
- Website: http://www.manchesterinc.net
- Phone: (866) 230-1805
News Feed
Leadership
Richard Gaines, Secretary
Risks
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Research Links
- Manchester, Inc. Fundamentals
- Manchester, Inc. Technical Analysis
- Manchester, Inc. Message Boards
