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Manchester Companies, Inc. Expands into Rocky Mountain Region

Minneapolis, Minnesota, August 14, 2006 --- Manchester Companies, Inc., a Minneapolis-based nationally recognized integrated investment banking and management advisory firm, today announced that Donald V. Grede and Edward D. Vieira, both formerly consulting partners with The Aspen Alliance, a Colorado-based consultancy firm, have joined its expanding network of professional advisors.

They are serving clients in the Rocky Mountain region as Principals of the newly formed Manchester Management Advisory Group – Colorado, a subsidiary of Manchester Companies, Inc., and join Grady Alderman, Business Development Officer – Colorado, who joined Manchester in January. Manchester offers a unique approach to small and middle-market businesses by providing a full range of services for its business clients including investment banking, renewal, and various management advisory services.

Mr. Grede specializes in assessing business operations and plans, developing and implementing business strategies, and evaluating new products and technologies. He has over 25 years business experience including his most recent position as co-founder of The Aspen Alliance, which provides expansion strategies for entrepreneurs. He has also held various executive positions with technology companies and has participated in a number of early-stage technology ventures as an investor and manager. He has a B.A. in History from the University of Wisconsin, as well as a M.S. in Management and a M.B.A. from the Alfred Sloan School of Management at MIT.

 Mr. Vieira is an expert in providing business solutions to increase business value, such as developing and implementing business plans and budgets, assessing and defining value propositions and market focuses, structuring collaborative infrastructures, and positioning companies for investment or sale.

Mr. Vieira has over 20 years business experience, most recently as a consulting partner with The Aspen Alliance, and has held executive positions in marketing services and business outsourcing, electronics distribution, telecommunications, REIT, manufacturing, and business software industries. He has a B.S. in Accounting and Finance from the University of Southern California and California State University, Long Beach, and is a graduate of the Bell Leadership Curriculum, North Carolina School of Business.

Mr. Alderman is an experienced accountant and financial executive with 35 years experience in the accounting and finance industries, which he utilizes to expand investment banking and management advisory opportunities for Manchester in the Rocky Mountain region. Prior to opening Manchester’s first office in Colorado in January 2006, Mr. Alderman was Vice President and Regional Manager in Denver for Manchester Commercial Finance, and held various executive positions in the lending, accounting, printing, and professional football industries. Prior to his business career, Mr. Alderman was the General Manager for the Denver Broncos and played on the offensive line for the Minnesota Vikings during 1961-1974, during which time he went to the Pro Bowl six times and to the Super Bowl three times. Mr. Alderman has a B.S. in Accounting from the University of Detroit and is a CPA

“Each of these professionals have strong backgrounds and we are very pleased to expand into the Rocky Mountain region with them on the Manchester team,” said Mark W. Sheffert, Chairman and CEO, Manchester Companies, Inc. “They share our corporate mission to provide an unwavering commitment to making our clients better and more successful, and we welcome them to our expanding network of professional advisors.”

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