Manchester, Inc. to Acquire C S Orlando, Inc. and C S Orlando Finance, Inc.
DALLAS, Sept. 20 /PRNewswire-FirstCall/ — Manchester, Inc. (OTCBulletinBoard: MNCS.OB) announced today the execution of a Letter of Intent with Orlando Florida area based Buy-Here/Pay-Here used car dealers, Marc Davis and Mark Allen to acquire C S Orlando, Inc. and C S Orlando Finance, Inc. (collectively “C S Orlando”) Mr. Davis had been in the automotive business for over 40 years.
Prior to becoming involved in the Buy- Here/Pay-Here business he had been in the new car business in various capacities, including dealer principal, for over 35 years selling vehicles including Porsche, Audi, Ferrari, Volvo, MG, Jaguar, Chevrolet, Ford Jeep and other models. Marc Davis has been in the Buy-Here/Pay-Here business for over 5 years as owner and operator of C S Orlando, Inc. and C S Orlando Finance, Inc.
The consummation of the acquisition is subject to (i) final due diligence by Manchester, (ii) execution of a definitive purchase agreement and (iii) approval of Manchester’s credit provider.