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Friday September 23, 9:00 am ET
SCOTTSDALE, AZ -- (MARKET WIRE) -- 09/23/05 -- MBA Holdings, Inc. (OTC BB: MBAH) and its subsidiary company, Blue Sky Motorcycle Rentals, Inc. announces a long-term "Fleet Lease" program with a large West Coast motorcycle related company. The agreement calls for the unnamed California Company to provide Blue Sky and its affiliate rental operators with up to sixty (60) late-model Harley-Davidson motorcycles for use in their rental outlets.
Terms include a monthly fee with a combined mileage limitation paid by Blue Sky to the Lessor. Lengths of the recurring individual motorcycle leases vary with some extending through April of 2006 so as to include the availability of these bikes for Arizona Bike Week, 2006.
The new agreement was completed by Blue Sky Founder, Wayne (Lumpy) Ordakowski and commences with the first ten (10) units to be pick-up on Monday, September 26th. Wayne (Lumpy) Ordakowski commented, "We were searching for creative ways to increase the number of company controlled rental bikes and this was the perfect option that became available to us. I developed the contacts for this deal over a year ago, but couldn't pull the trigger on it then, as I was a small private company. Now, with the horsepower granted by our public shareholders, I can make these types of deals that are beneficial for all sides. This partnership is an example of the power of a publicly traded company vs. a privately held one, and was one of the main reasons in my decision to join forces with MBAH and its CEO, Gaylen Brotherson months ago. The union is starting to bear fruit and I am excited more, now than ever, about our future." He continued, "The deals in the pipeline we mentioned in earlier press releases are now starting to gain critical mass. They'll be more of these blockbuster type of arrangements in the near future."
"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.
For additional information contact:
Gaylen Brotherson
(480) 860-2288 ext. #317
Wayne (Lumpy) Ordakowski
(866) 971-5501
MBA Holdings
http://www.mbadirect.com
Blue Sky Motorcycle Rentals, Inc.
http://www.blueskymotorcyclerentals.com
Source: MBA Holdings, Inc.