BESTWAY, INC. ANNOUNCES FISCAL 2005 FOURTH QUARTER RESULTS

(Dallas, Texas – November 2, 2005) Bestway, Inc. (Pink Sheets: BSWY), today released financial results for its fourth quarter ended July 31, 2005.

For the fourth quarter ended July 31, 2005, revenue decreased 1.5% to $9,700,044, compared to $9,845,031 for the fourth quarter of last year. Same store revenues (revenues earned in stores operated for the entirety of both periods) decreased 2.2% in the quarter. Net earnings in the fourth quarter decreased to a loss of $40,566, or $0.02 per share, compared to income of $54,078, or $0.03 per share a year ago. The Company’s quarterly decline in net earnings resulted primarily from the decrease in same store revenues, marginal increases in cost and operating expenses as well as operating losses of $41,395 from one new store location.

For the nine months ended April 30, 2005, revenue increased 6.5% to $29,888,424, compared to $28,071,100 for the nine months ended April 30, 2004. Same store revenues increased 6.3% in the nine months. Net earnings for the nine month period ended April 30, 2005 decreased to $48,174, or $.03 per share on a diluted basis, compared to $311,723, or $.17 per share on a diluted basis a year ago.

For the full year ended July 31, 2005, revenue increased 4.4% to $39,588,468, compared to $37,916,130 for the same period of 2004. Same store revenues increased 4.1% for the year. Net earnings for the full year decreased to $7,608, or $0.00 per share, compared to $365,801, or $0.22 per share last year.

On May 23, 2005, the Company held its Annual Meeting of Stockholders, at which time the stockholders approved of a reverse stock split of the outstanding shares of the Company’s common stock (the “Common Stock”) in a ratio of 1-for-100 (the “Reverse Stock Split”), immediately followed by a forward stock split of the outstanding shares of the Common Stock in a ratio of 100-for-1 (the “Forward Stock Split” and together with the Reverse Stock Split, the “Reverse/Forward Stock Splits”). The proposal passed with a majority vote of the holders of the outstanding shares of the Common Stock. The aggregate number of shares of Common Stock represented in person or by proxy at the Annual Meeting represented 94.7% of the 1,791,917 issued and outstanding shares of Common Stock and constituted a quorum for the transaction of business.

David A. Kraemer, the Company’s President and Chief Executive Officer, said “The same store revenue decline for the fourth quarter ended eleven consecutive quarters of increased same store revenues. Although disappointing, it was principally due to increased turnover levels causing a temporary set back in operational execution, as well as a belief that we could drive more customer traffic through targeted mail and less direct mail advertising. Focusing on both areas, we initiated several training and compensation incentives and returned to aggressive marketing initiatives. Fiscal year 2005 was a challenging year, as we implemented a more aggressive value-pricing model offering our customers the lowest total cost of ownership in the industry. As expected and as we previously communicated, our earnings were affected with higher depreciation. Despite higher depreciation, it was a critical investment made and we believe we are managing the business for the long-term as we move into 2006.”

Mr. Kraemer continued, “Our list of key initiatives is very short for 2006: continue executing our low price guarantee, strengthen store personnel compensation levels to stay competitive in the industry and tightly manage controllable expenses. We anticipate the combination of all will continue improving top and bottom line performance and enable Bestway to pursue opportunistic acquisitions and grow our store count through new store openings”.

Bestway, Inc. owns and operates a total of seventy rent-to-own stores located in the southeastern United States. These stores generally offer high quality brand name merchandise such as home entertainment equipment, appliances, furniture and computers under flexible rental purchase agreements that generally allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period.

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BESTWAY, INC.
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This press release and the guidance above contain various “forward-looking statements” that involve risks and uncertainties. Forward-looking statements represent the Company’s expectations or beliefs concerning future events. Any forward-looking statements made by or on behalf of the Company are subject to uncertainties and other factors that could cause actual results to differ materially from such statements. These uncertainties and other factors include, but are not limited to, (i) the ability of the Company to open or acquire additional rental-purchase stores on favorable terms, (ii) the ability of the Company to improve the performance of such acquired stores and to integrate such opened or acquired stores into the Company’s operations, (iii) the impact of state and federal laws regulating or otherwise affecting rental-purchase transactions, (iv) the impact of general economic conditions in the United States and (v) the impact of terrorist activity, threats of terrorist activity and responses thereto on the economy in general and the rental-purchase industry in particular. Undue reliance should not be placed on any forward-looking statements made by or on behalf of the Company as such statements speak only as of the date made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, the occurrence of future events or otherwise.