SOURCE: M.B.A. Holdings, Inc.

August 16, 2005 15:28 ET

MBA Holdings, Inc. and HMO4CARS Announce Vehicle Service Programs

SCOTTSDALE, AZ -- (MARKET WIRE) -- August 16, 2005 -- After many months of negotiations, MBA Holdings, Inc. (OTC BB: MBAH) and HMO4CARS have entered into a letter of intent to manage several new nationwide prepaid service programs -- HMO4CARS, HMO 4 RV'S and HMO 4 MOTORCYCLES. MBA is in business of marketing and administering automobile, RV and Motorcycle warranty programs as well scheduled maintenance programs, such as prepaid oil changes, coolant and vehicle service inspections and additional services. HMO4CARS is an Automobile Fleet Management Program for Consumers.

The HMO4CARS network includes thousands of nationally recognized service centers throughout the U.S. The program helps ease the burden of maintaining your car by helping you understand the services that should be performed and when they need to be completed.

MBA Holdings will market the HMO4CARS program directly through Auto Dealers, Credit Unions, Banks and via the web to Consumers and through agents that represent Dealers, Credit Unions and Banks.

The parties expect to formalize the five-year contract within 10 days of this announcement.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to business conditions and the amount of growth in the insurance or associated automotive industries and general economy, competitive factors, and other risks detailed from time to time in the company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q. The company does not undertake any obligation to update forward-looking statements.

Contact Information

  • For additional information contact:

    MBA Holdings
    http://www.mbadirect.com

    Investor Relations:
    Equitilink
    Ron Garner
    (877) 788-1940