MBA Announces Restructuring of its Preferred Shares

Monday April 4, 8:58 am ET

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 4, 2005--MBA Holdings (OTCBB: MBAH) announces that its Board of Directors has accepted the request of Cactus Family Investments, LLC ("Cactus") to convert 460,000 shares of the Company's Class A Preferred shares into common shares and to accept the return of the remaining Class A Preferred shares to the Corporation as a contribution of capital by Cactus. The Board of Directors directed that the Class A Preferred shares received shall be cancelled.

In addition, the Board of Directors authorized the creation of a Class B Preferred Stock of 3,000,000 shares. Each such Preferred Stock share shall be assigned the voting power of one hundred (100) voting shares for each Preferred Stock share. The Class B Preferred shares shall not be convertible into common shares.

Cactus has offered to accept 2,000,000 shares of the Class B Preferred Stock in return for $317,382.50 of past due rent payments that are due to Cactus. The acceptance of this exchange was approved by the Board of Directors.

MBA
http://www.mbadirect.com

NMDA
http://www.nationalmda.com

Contact: MBA Holdings Inc., Scottsdale
Gaylen Brotherson, 480-860-2288, ext. 317

Source: MBA Holdings Inc.

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