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

September 06, 2005 13:50 ET

MBA Holdings, Inc. Issues Statement to Shareholders

SCOTTSDALE, AZ -- (MARKET WIRE) -- September 6, 2005 -- Gaylen Brotherson, President of MBA Holdings, Inc. (OTC BB: MBAH), in response to the Company's trading early Tuesday morning, announced that the management team is aware of no material reason for the sudden change in volume and price.

"No material event has transpired which we, the management team, or to my knowledge, any Director of the Company is aware of, which would account for today's dramatic decline in our Company's stock. In fact, if anything, recent and pending corporate activities such as my stock purchase last Friday and our deal with HMO4CARS justify optimism on the part of the investment community," stated Mr. Brotherson.

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, and certain automotive components and sells contracts for repair services to vehicles and certain vehicle components. Its second subsidiary, National Motorcycle Dealers Association, LLC ("NMDA"), sells memberships in NMDA and extended warranties for new and used motorcycles, ATVs and trailers. NMDA also provides and/or plans to provide Gap Coverage, Motorcycle Leasing and Financing, Credit Life/Accident insurance, Health insurance and Family Hospitalization insurance for Dealership owners, employees and their families. Please visit the corporate website at www.mbadirect.com.

"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
    For Investor Relations contact:
    Equitilink LLC
    Ron Garner
    877-788-1940