MBA Holdings, Inc. Confirms Acquisition Is Imminent

Friday May 13, 5:35 pm ET

SCOTTSDALE, AZ--(MARKET WIRE)--May 13, 2005 -- MBA Holdings, Inc. (OTC BB: MBAH.OB) is pleased to announce the acquisition of Street Eagle Motorcycle Rental/Rent 2 Ride Motorcycle Rentals is imminent. As of this morning, due diligence is nearly concluded and the parties have agreed, in principle, to move forward with the contract barring any unforeseen events. Today marks the tenth business day following the announcement of the deal on April 29.

Gaylen Brotherson, CEO of MBA Holdings, confirmed the deal is on schedule. "We take our fiduciary responsibilities very seriously and therefore will not risk taking shortcuts merely to meet today's closing date. However, our due diligence is proceeding apace and we expect to conclude the acquisition within the next several hours," Mr. Brotherson said.

Brotherson also confirmed that the Company's planned acquisition of a half interest in iDigital, LLC is well on its way to finalization. The Company will release further updates on the acquisitions when warranted.

About MBA Holdings, Inc.

MBA Holdings, Inc., through its wholly owned subsidiary, Mechanical Breakdown Administrators, Inc., markets and administers vehicular mechanical breakdown insurance policies on automobiles, light trucks, recreational vehicles, motorcycles, boats and certain automotive components and sells contracts for repair services to vehicles and certain vehicle components at www.mbadirect.com. Its second subsidiary, National Motorcycle Dealers Association, LLC ("NMDA"), provides products and programs for Motorcycle Dealership via memberships in NMDA, and it has products like extended warranties for new and used motorcycles, tire and wheel warranties, Gap Coverage, Credit Life, ATVs and trailers. NMDA also provides and/or plans to provide Gap Coverage, Motorcycle Leasing and Financing, Credit Life/Accident insurance, Health insurance and Family Hospitalization insurance for Dealership owners, employees and their families. Please visit the website at www.nationalmda.com.

Contact: Investor Relations
Equitilink LLC
Ronald Garner or James Swift
877-788-1940 toll-free
858-824-1940 local or intl.

Source: MBA Holdings, Inc.

Print this page