SOURCE: MBA Holdings, Inc.

July 25, 2005 10:34 ET

MBAH Announces Stock Escrow

SCOTTSDALE, AZ -- (MARKET WIRE) -- July 25, 2005 -- MBA Holdings, Inc. (OTC BB: MBAH) and its subsidiary companies; The National Motorcycle Dealers Association, Blue Sky Motorcycle Rentals, Street Eagle, Rent2Ride, Escape Eagles and WorldWide Rentals, together with their board of directors, are working on an agreement to place into escrow with the Company approximately 50,000,000 shares owned by Gaylen Brotherson and Wayne "Lumpy" Ordakowski. These shares would be released from escrow at future pricing points of the stock, over time or in the event of a sale or merger."

Under SEC Rule 144, Company officers and directors are restricted from selling over 1% of their stock per quarter and are subject to the filing of Form 4 in the event of a sale of common stock of the Company.

In other events, Gaylen Brotherson, CEO, announced that the Company has signed an associate program agreement with Travelscape, Inc. dba Expedia Travel, a wholly owned subsidiary of Expedia, Inc.

"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

Contact Information

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