SOURCE: MBA Holdings, Inc.

October 24, 2005 08:30 ET

MBA Holdings Shareholder Progress Update

SCOTTSDALE, AZ -- (MARKET WIRE) -- October 24, 2005 -- MBA Holdings, Inc. (OTC BB: MBAH) and its subsidiary companies, Blue Sky Motorcycle Rentals, Rent2Ride Nationwide, Worldwide Motorcycle Rentals, Street Eagle Motorcycle Rentals and the National Motorcycle Dealers Association (NMDA), reports progress on their motorcycle rental division.

This update reports on Motorcycle rentals at the company-owned stores in Las Vegas and Phoenix which are experiencing record sales and we expect a record-breaking year for 2005, and in the next twelve months. We are still updating our accounting records from the Denver, Colorado, store and we will announce the results as soon as available. As planned, the Denver store will be closing for the winter season within a few days and personnel and motorcycles will be assigned to the Phoenix and Las Vegas locations until spring, when we will hold a Grand Reopening of the Denver store in the spring of 2006.

Dan Marovich, who has been doing an outstanding job as one of our rental managers, runs the Phoenix Blue Sky store, and the Phoenix Rental Center has been chosen to be the featured rental store in November's NMDA CEO Corner. Dan has also been the leading beta-test rental location of our new rental software program, which will be made available to all Blue Sky, Street Eagle, Rent 2 Ride and WorldWide Rental stores starting next week.

MBA Holdings, Inc. September 15, 2005 Press Release and the October 5, 2005 Press Release by Extreme Innovations signing of the license agreement with Street Eagle, LLC. that they will operate under the Street Eagle and Extreme Toyz Motorcycle Rental locations name in Tampa, Florida and Chicago, Ill. (See www.nationalmda.com news section) the opening of their rental stores in Tampa and Chicago, our latest expansion, is progressing well, and they expect the opening of the first store in Tampa in November 2005. All license agreements with Extreme Toyz were signed by mid October 2005, permits will be issued soon and operations will proceed.

About Extreme Innovations

Extreme Innovations, Inc. markets, sells, and distributes cutting-edge recreational vehicles. Extreme Innovations, Inc. is devoted to providing new, extreme recreational products with a marketing platform as well as sales support to help bring them to market. The new stores will start with a fleet of up to 20 new Harley-Davidson motorcycles and assorted Metric Cruisers in their rental outlets and the new HovPod, a personal recreational hovercraft.

Our Latest Store to Open

Blue Sky Motorcycle Rentals of Clearwater, Florida, has opened, but on a limited scale because of delays in delivery of Motorcycles and transportation problems that were brought on by the recent hurricanes, which backed up freight across the United States; we expect them to be fully operational by early November 2005.

"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:

    Gaylen Brotherson
    (480) 860-2288 ext. #317