Wall Street News Alert Issues Special Alert on MNCS! November 17, 200617 December 2006
Wall Street News Alert's "stocks to watch" this morning are: Manchester, Inc. (OTCBB: MNCS), MasterCard Incorporated (NYSE: MA), Goodyear Tire & Rubber Company (NYSE: GT) and Countrywide Financial Corporation (NYSE: CFC). Manchester, Inc. (OTCBB: MNCS) is a new stock to put on your radar and watch as Wall Street News Alert initiates coverage of the company. The company, seeking to create the pre-eminent company in the "Buy-Here/Pay-Here" auto business, selling and financing used vehicles to credit impaired borrowers, issued a press release yesterday after the markets closed. According to the company, they have signed a binding term sheet to acquire all of the outstanding stock of JC Wink Inc., doing business as "Americars," in an all cash transaction. The binding term sheet provides for a definitive agreement to be executed and the closing to occur within thirty days, pending completion of lender due diligence. Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Manchester! Americars is one of five strategic dealerships Manchester has been negotiating to acquire as it continues to build its "Buy-Here/Pay-Here" used car businesses in the Central Texas market, from Georgetown in the North to San Antonio in the South. Earlier this year, the Company announced the acquisition of Nice Cars, Inc., a privately held Buy-Here/Pay-Here auto dealership as well as its affiliate Nice Cars Capital Acceptance Corporation, a credit acceptance company. Manchester Inc. expects to execute binding term sheets with the shareholders of the remaining four companies shortly and proceed with lender due diligence immediately thereafter with the objective of closing within thirty days of execution. According to the press release, the combined five dealerships would add a capacity to sell an additional 1,500 vehicles per month that could translate into more than $200 million in additional annual sales. Richard Gaines of Manchester, Inc. stated, "This cluster of five dealerships in Central Texas marks the beginning of our group acquisition strategy. We are in advanced discussions with several dealerships throughout the U.S. These dealerships are mature established dealerships with existing revenue and earnings that provide operational, managerial, as well as strategic and efficient advantages for Manchester. By developing through acquisition and enabling the dealerships to individually expand within their local territories, the goal of Manchester Inc. is to become the preeminent Buy-Here/Pay-Here company in the country." Continue to watch this company as it moves forward with acquisition strategy, which could add to the company's revenues! In addition to Americars, Manchester is presently completing negotiations for additional Buy-Here/Pay-Here dealerships throughout the country and expects to announce several binding term sheets before the end of 2006. Highlighted Links FREE Email Alert Service Our Home Page Prior to the latest press release, the stock closed Wednesday at $3.32 a share. For an in-depth profile of Manchester, Inc., visit http://www.thenewssvc.com/MNCS111606.html To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued. MasterCard Incorporated (NYSE: MA) down 0.8% on 3.5 million shares traded. MasterCard Incorporated advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Goodyear Tire & Rubber Company (NYSE: GT) down 0.2% on 3.4 million shares traded. Goodyear is one of the world's largest tire companies. Countrywide Financial Corporation (NYSE: CFC) up 0.5% on 3.3 million shares traded. Countrywide Financial Corporation is a diversified financial services provider. Market Commentary: "Gold futures moved up by $1.70 to trade at $625.50 an ounce. Crude oil for December delivery was up by 28 cents or $59.04 a barrel," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com. Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're interested in telling your story, we can help. Contact us at info@wallstreetnewsalert.com WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. 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The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks. This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. (WSCF has been compensated Thirty Thousand Dollars for coverage of Manchester, Inc. (OTCBB: MNCS), by a third party (Blue Chip IR Ltd), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. 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You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements. Contact email: Email Contact URL: http://www.wallstreetnewsalert.com Company: Wall Street News Alert SOURCE: Wall Street News Alert
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