In Asia, Escala's auctions operations are
conducted through John Bull Stamp Auctions, Ltd, the oldest philatelic auction
house in Hong Kong. Based on
our recent and upcoming events, Greg Manning Auctions is well
positioned for strong future growth . Future events, risks and uncertainties, individually or
in the aggregate, could cause actual results to differ materially from
those expressed or implied in these statements.

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The conference call will be archived for replay on the above website for 5
days following the call.
Escala Group 's North American operations include Greg Manning Auctions
division, Ivy + Manning Philatelic Auctions , Greg Manning Galleries, Greg
Martin Auctions, Spectrum Numismatics, Teletrade, Nutmeg Stamp Sales , Superior
Sports Auctions, Bowers and Merena Auctions, and Kingswood Coin Auctions, and
H.
Greg Manning, First Vice Chairman, CEO and President, commented,
"Our fiscal third and fourth quarter activity is, as anticipated,
extremely robust in both of our core competencies, coins and stamps ,
reflecting the strength of our overall business as well as the global
marketplace. effectively integrated their auction
businesses, creating a GMAI-AUCTENTIA global collectibles auction
network . Additionally, any
statements related to future improved performance and estimates of
revenues and earnings per share are forward-looking statements.

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Afinsa is Escala Group's majority shareholder . In the U.
Both GMAI and CdC currently act as exclusive supplier of
collectibles - primarily stamps and coins - on a worldwide basis to
Afinsa Bienes Tangible, S.

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Business Editors

WEST CALDWELL, N. In particular, any statement related to
GMAI's expected revenues or earnings or GMAI's being well positioned
for future profitability and growth are forward-looking statements.

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The Company's recently acquired John Bull Stamp Auctions in Hong
Kong will hold its first sale under GMAI ownership on April 8-9, 2005.

Greg Manning Auctions, Inc.

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Harmer.5
million between their January and March 2005 auctions, and Corinphila
Auctions of Zurich, Switzerland conducted a single-owner auction that
realized $1.67% owned by GMAI) and Wiesbaden, Germany.

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Greg Manning Auctions Reports Strong Sales at Recent Bowers + Merena Kohler and H.R. Harmer Auctions

In Europe, Kohler Auctions of Wiesbaden and Berlin realized $3.
Laurence Gibson, Managing Director of John Bull, also announced
that Ian Hui has joined the firm and will manage the day-to-day
operations in Hong Kong .

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Escala Group Inc. Schedules Fiscal Year 2006 Second Quarter Earnings Release and Conference Call/Webcast

This
auction is expected to be the strongest in John Bull's rich 30-year
history.

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(Nasdaq: ESCL) will announce its earnings for the second quarter of fiscal
2006 after the close of market on Wednesday, February 8.
Gibson stated, "We are extremely pleased that Ian has joined GMAI to
manage our office in Hong Kong.

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Factors that may cause
such differences include changes in market conditions , changes in
economic environment, competitive factors and the other factors
discussed in the "forward-looking information" or "risk factors"
sections included in GMAI's filings with the Securities and Exchange
Commission, including GMAI's Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, prospectuses and other documents that GMAI has
filed with the Commission.

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The call can be accessed live via the Internet or as a replay. The Company's worldwide
stamp auctions have also produced strong results, with an H., a large 5,000+ lot
Ivy + Manning stamp auction will be held on May 17-20, 2005. Harmer of New York, Greg Manning
Galleries, Spectrum Numismatics, Teletrade, Nutmeg Stamp Sales,
Superior Sports Auctions, Bowers + Merena Galleries and Kingswood Coin
Auctions .

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NEW YORK, Escala Group, Inc.
Merchant/dealer activities are conducted through Greg Manning Auctions and
Central de Compras Coleccionables, S.
He is well qualified to continue the superb tradition of customer
service that is a hallmark of our company. GMAI
undertakes no obligation to publicly update or revise any
forward-looking statements.

acle vinson

of Madrid, Spain, and through Spectrum
Numismatics International, one of the largest wholesalers of rare coins in the
U. Gilbert Hong Kong collection.

This category is intended to provide a listing of individuals and companies that sell , trade, auction or buy coins and other numismatic materials online and would not fit into any of the subcategories.

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----

Company's Inaugural Auction in Hong Kong Scheduled for April 8-9, 2005

Greg Manning Auctions, Inc. Greg Manning Auctions' quarterly sales
of collections and dealers ' inventories will include a seven-figure
auction in June, following a March 19, 2005 sale that realized well
over $2 million.

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The trading activities of
Escala Group are conducted through A-Mark Precious Metals, one of the largest
private sellers of bullion coins and bullion gold, silver and platinum to the
wholesale marketplace. This auction is expected to realize
sales in excess of $5 million .
In North America, GMAI is a leading traditional and e-commerce -
Internet, interactive telephone , and Internet and live simulcast -
auctioneer and merchant/dealer of collectibles.
In Europe, the leading auction houses affiliated with the network
are Auctentia Subastas of Madrid, Spain (operating under the name
"Afinsa Auctions"); Corinphila Auktionen of Zurich, Switzerland (65%
owned by GMAI ); and the Koehler group of auction companies of Berlin
(66.
GMAI also owns GMAI Auctentia Central de Compras (CdC) of Madrid,
Spain, which is engaged in the sale, marketing and production of owned
and third-party collectibles, with an emphasis on specialized
philatelic material.

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escalagroup .A. Hui has more than 10 years experience in
the auction field, with a strong background in Asian philately.

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This inaugural auction, comprised of 1,630 lots, is expected to
realize sales of more than $1 million, including a single-owner
auction of the renowned Edward M."

About Greg Manning Auctions, Inc.R.

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teletrade.

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In addition, Management will conduct a conference call to discuss second
quarter fiscal 2006 earnings results at 9:00 a. Investors may
access the webcast through the Investor Relations section of Escala Group's
corporate website at http://www. In Europe, the leading auction houses affiliated with the network
are Auctentia Subastas (Afinsa Auctions) of Madrid , Spain, Corinphila
Auktionen of Zurich, Switzerland, and the Koehler group of auction companies
of Berlin and Wiesbaden, Germany. of Madrid, which act as exclusive
suppliers of collectibles -- primarily stamps and coins -- on a worldwide
basis to Afinsa Bienes Tangibles, S. Nutmeg
Stamp Sales have been offering more than 14,000 lots per month and are
currently preparing a single-state revenue stamp auction comprised of
more than 10,000 lots to be offered in June 2005. This network was created in September 2003
when GMAI and Auctentia, S.com. of Madrid, Spain, one of the world
leaders in marketing tangible investment products, and GMAI's majority
shareholder.
Statements in this press release that relate to future plans,
objectives, expectations, performance, events and the like are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and the Securities Exchange
Act of 1934.

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com.
Escala Group is a global federation of leading companies in the
collectibles market with operations in North America, Europe and Asia as well
as on the Internet.J. (Nasdaq: GMAI) announced today its
recent Bowers + Merena coin auction , held as the official exhibition
auctioneer at the Baltimore Coin and Currency Show on March 10-11 ,
2005, realized total sales of $4. Mr. Our challenge today, which we are
meeting successfully , is not selling material, but rather finding
enough to satisfy the unprecedented demand for quality individual
coins and stamps, as well as collections.L.

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m.S.

numismatic elongated

About Escala Group, Inc.L.

1 million on January 15, 2005. Mr."
On April 7-9, 2005, Bowers + Merena will be the official
auctioneer at an exhibition sponsored by the American Numismatic
Association in Kansas City, MO. In addition , Kohler Auctions in Germany and
Corinphila in Switzerland have significant multi-million dollar
auctions scheduled in May and June.

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EST Thursday, February 9.7 million.S. Coins, stamps and
sports cards are offered at www.
Its operations include the Greg Manning Auctions division, Ivy +
Manning Philatelic Auctions, H.A.

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R Harmer
auction posting $2. is a global collectibles merchant and
auction house network, with operations in North America, Europe and
Asia and on the Internet. Readers are cautioned not to place undue
reliance on these forward-looking statements.

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The company operates through a number of subsidiaries that
specialize in various sectors of the collectibles markets, and is comprised of
three business areas: auctions, merchant/dealer operations and trading.R.4 in sales on February 22-24, 2005. Having spent many years in the
business in Hong Kong, as well as the United States, Ian maintains
strong relationships with collectors and dealers of Asian philately. In addition to our live auctions, Internet-based coin
auctions at Teletrade have continued their successful schedule of
three auctions per week, with up to 1,000 lots per auction.
The words "should," "believe," "estimate," "expect," "intend,"
"anticipate," "foresee," "plan" and similar expressions and variations
thereof identify certain of such forward-looking statements, which
speak only as of the dates on which they were made.