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

July 18, 2005 09:26 ET

MBAH Announces New Nationwide Rental Operations

SCOTTSDALE, AZ -- (MARKET WIRE) -- July 18, 2005 -- MBA Holdings, Inc. (OTC BB: MBAH) and its subsidiary companies; The National Motorcycle Dealers Association, Blue Sky Motorcycle Rentals, Street Eagle, Rent2Ride and WorldWide Motorcycle Rentals announce new store openings in Chicago, Illinois, Philadelphia, Pennsylvania and St. Petersburg, Florida. Numerous operations in other States including Texas and North Carolina are committed to open in the next few months. Several more operations are in the process of remodeling and expanding their stores to accommodate their new rental businesses and are expected to be open upon build-out completion. MBAH will announce these when complete.

Blue Sky Motorcycle Rentals, Inc. Founder Wayne (Lumpy) Ordakowski reports an increase in the number of powersport rental units in company owned stores to over 80. Presently there are 49 pieces of rental equipment in Denver, Colorado, 21 in Las Vegas, Nevada, and will be increased to 31 in August, and 11 in Phoenix, Arizona, that will be increased in September and October. For this Autumn/Winter season, Blue Sky will transfer the Denver rental fleet and key personnel to the company owned stores in Las Vegas and Phoenix.

Over the past months, MBAH has performed several cost cutting measures. The MBA Companies have consolidating their office space requirements and will now move into Suite #106 from Suite #105. MBAH and its subsidiary companies will move all operations into 2,550 sq. ft. on the 1st floor and occupy the entire 2nd floor (approximately 5,100 sq. ft). The 2nd floor includes all executive offices and MBA's complete phone and computer operations. Cactus Family Investments has listed the now available 10,200 sq. ft. free space formerly occupied by MBAH for lease. MBA has occupied Suite #106 since 1984. This move will decrease the company expenses by approximately $250,000 per year. The move is expected to be completed by August 1, 2005.

MBAH CEO Gaylen Brotherson commented, "I would like to thank the Company's loyal Shareholders and I wish to encourage and assure them that we are continuing to work towards profitability and in their best interest. We appreciate the encouraging e-mails and phone calls of support. In keeping with the Auto Manufacturers Special Discounts and Employee Level Pricing going on right now, I'd like to announce a special pricing program for all Shareholders, family and friends of MBAH. We will offer special pricing on an extended warranty for your auto, motorcycle or recreational vehicle. Simply call (800) 669-0606, extension # 6 and tell them Gaylen sent you!

MBAH Chairman Gaylen Brotherson continued, "I am working on a proposal to present to the MBAH Board of Directors on a share repurchase plan of the Company's common stock. In the proposal, the Company, from time to time and as funds become available, will purchase through the open market and in privately negotiated transactions, portions of common stock of MBAH as the proposal allows. We believe that based on current market prices, our stock is undervalued and that it is in the best interest of our Shareholders for us to acquire shares in the open market."

"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.

MBA Holdings
http://www.mbadirect.com

NMDA
http://www.nationalmda.com

Blue Sky Motorcycle Rentals, Inc.
http://www.blueskymotorcyclerentals.com

Rent2Ride Nationwide
http://www.rent2ride.com

Street Eagle Motorcycle Rentals, Inc.
http://www.streeteagle.com

WorldWide Motorcycle Rentals
http://www.worldwidemotorcyclerentals.com

Contact Information

  • Contact Information:
    Equitilink
    Ron Garner
    (877) 788-1940