SOURCE: MBA Holdings, Inc.

May 16, 2005 16:12 ET

MBA Holdings Completes iDigital and Street Eagle Acquisitions

SCOTTSDALE, AZ -- (MARKET WIRE) -- May 16, 2005 -- MBA Holdings, Inc. (OTC BB: MBAH) is pleased to announce the acquisitions of iDigital, LLC as well as Street Eagle Motorcycle Rental/Rent 2 Ride Motorcycle Rentals.

iDigital is the supplier of a line of chotchkies, specialty marketing products designed to be given to customers as a personal memento of their recent experience with a company's products, such as Motorcycle and Auto Rentals and Purchases.

Rent 2 Ride has two (2) licensed rental stores operating, one (1) in Scottsdale, Arizona, and one (1) in Albuquerque, New Mexico. Street Eagle (www.streeteagle.com) and Rent 2 Ride (www.rent2ride.com) are specialty motorcycle rental companies specializing in Harley-Davidson, Metric and Custom Motorcycle rentals. With several additional stores planned for the near future. Street Eagle has processed in excess of 25,000 rental reservations in the last two years.

MBA owns and operates Blue Sky Motorcycle rentals in fourteen (14) locations in Hawaii and across North America.

Gaylen Brotherson, CEO, of MBA Holdings, Inc., summarized the deals as both timely for and indicative of the company's future growth. "With these acquisitions, MBA Holdings can begin to significantly enhance sales revenues and profitability," stated Mr. Brotherson. "We are very optimistic with respect to adding shareholder value in the coming quarters," he concluded.

About MBA Holdings, Inc.

M.B.A. Holdings, Inc., through its wholly owned subsidiary, Mechanical Breakdown Administrators, Inc., markets and administers vehicular mechanical breakdown insurance policies on automobiles, light trucks, recreational vehicles, motorcycles, boats and certain automotive components and sells contracts for repair services to vehicles and certain vehicle components at www.mbadirect.com. Its second subsidiary, National Motorcycle Dealers Association, LLC ("NMDA"), provides products and programs for Motorcycle Dealership via memberships in NMDA, and it has products like extended warranties for new and used motorcycles, tire and wheel warranties, Gap Coverage, Credit Life, ATVs and trailers. NMDA also provides and/or plans to provide Gap Coverage, Motorcycle Leasing and Financing, Credit Life/Accident insurance, Open Lot and Garage Keepers Legal Coverage, Health insurance and Family Hospitalization insurance for Dealership owners, employees and their families. Please visit the website at www.nationalmda.com.

Contact Information

  • Contact:
    Investor Relations
    Equitilink LLC
    Ronald Garner or James Swift
    877-788-1940 toll-free
    858-824-1940 local or intl.