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

June 21, 2005 09:34 ET

MBA Holdings, Inc. Signs Letter of Intent to Purchase Escape Eagles Motorcycle Rentals of Las Vegas

SCOTTSDALE, AZ -- (MARKET WIRE) -- June 21, 2005 -- MBA Holdings, Inc. (OTC BB: MBAH) announces that it has signed a letter of intent to purchase Escape Eagles, Inc. of Las Vegas, Nevada. MBAH has been in negotiations with Escape Eagles since December 2004 and will acquire the company effective January 1, 2005. This cash and stock purchase of Escape Eagles is expected to close in mid July 2005. An SEC 8K event filing will immediately follow the actual closing.

Escape Eagles is a highly successful motorcycle rental operation that has been in business for 5 years. Escape Eagles has also been a licensed Blue Sky Motorcycle Rental store for the last 3 years and rents between 20 to 30 motorcycles on a daily, weekly and monthly basis. Escape Eagles/Blue Sky is conveniently located within blocks of the Las Vegas Strip.

Financial records for Escape Eagles, Inc. show proof of financial performance. For the first four months of 2005, the company had a net profit of $96,000.00 on gross sales of $168,000.00. These numbers were based on a 21-bike fleet. The company plans on aggressively building the rental fleet to capacity in the near future also including custom chopper rentals.

Select Blue Sky Licensees and their rental operations have been central to MBAH's reshaped business strategy on company growth and revenue generation. Converting select Blue Sky Licensees to company-owned stores is integral to obtaining these goals. The company will now own the Denver, Colorado; Phoenix, Arizona; and Las Vegas, Nevada, rental operations and will also be able to include all revenues these stores produce to MBAH's gross sales revenue.

The present owner, Viktor Pabst, and staff will be retained to manage the store. Viktor Pabst stated, "I joined a great company with great opportunities for the future, and I'm based in a city that has the greatest growth opportunities in the United States and I am excited to be part of this growth with MBAH."

Viktor Pabst, a Swiss native, will continue to build and fortify his travel contacts in Europe for MBAH and its related rental companies. These contacts have been successful in building Escape Eagles Las Vegas into the premier European travel and tour motorcycle rental destination. Viktor will now introduce Blue Sky/Rent2Ride/Street Eagle/WorldWide rental programs to the European market. One way, city to city and tour group rentals between system locations are a few of the items Viktor will promote.

Gaylen Brotherson, President and CEO of MBA Holdings, Inc., commented, "There is tremendous opportunity in Las Vegas and we have hit the ground running with this acquisition. Escape Eagles/Blue Sky not only gives us the location and revenue, but solid leadership from within. We also plan on the benefit of shared inventory utilization."

He continued about the weekend events, "I felt the Shareholder Meet & Greet was fun and I enjoyed it wholeheartedly. I met some very nice people and I hope we conveyed our thought and ambitions for the company's future to them. The all-around positive feedback I have received on our new software and its presentation has been greatly appreciated. We plan on integrating the now completed software into the four-rental company's websites immediately. The software came a long way in a short period of time. I'd also like to thank all for coming to Las Vegas last weekend and giving us the chance to show our progress."

Escape Eagles, Inc.


M.B.A. Holdings

Contact Information

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    Ron Garner
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