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MBA Holdings, Inc. (OTC BB: MBAH) and its subsidiary companies, Blue Sky Motorcycle Rentals, Rent2Ride Nationwide, Worldwide Motorcycle Rentals, Street Eagle Motorcycle Rentals and the National Motorcycle Dealers Association (NMDA) report on their motorcycle product related division.
Progress for the previous month to date includes:
Blue Sky/Liberty Tempe, AZ added 14 motorcycles to their fleet (10 Harley-Davidson's and 4 Honda Goldwings). One additional Honda Goldwing delivery is expected the week of October 9th. Blue Sky/Escape Eagles Las Vegas, NV received 18 motorcycles (17 Harley-Davidson's and 1 Goldwing). Six purchased motorcycles for the new Clearwater, FL Blue Sky Licensee have not yet been delivered due to the extended humanitarian effort underway at our Nations ports. Delivery is now expected the week of October 9th.
Street Eagle Tampa, FL reports negotiations are underway for the purchase of its initial rental fleet of up to 20 motorcycles.
Bourget's Bike Works has accepted Scottsdale, Arizona's Hacienda Customs request to represent the well known bike manufacturer. Bourget's Arizona will now be located at Rick Hatch's Hacienda Harley-Davidson complex. The new Bourget's Arizona Franchise is not associated in any way with the former Bourget Arizona dealership that was located nearby. Wayne (Lumpy) Ordakowski, Founder of Blue Sky Motorcycle Rentals was instrumental in the completion of the transfer. Hacienda Harley-Davidson and Customs owner Rick Hatch commented, "The Bourget line of bikes are beautiful top end machines. I'm looking forward to receiving our first shipment of Bourget's just in time for our Discovery Channel's East Meets West Biker Build Off this weekend (www.eastmeetswest2005.com). Stop by and say hello if you're in Scottsdale Saturday or Sunday. Carrying the Bourget line is another NMDA assisted revenue stream for us. These guys and their contacts get stronger by the day. I'm glad to be part of it!"
MBAH CEO Gaylen Brotherson reports San Antonio, TX, Chicago, IL, and other pending locations will be announced as Dealer Packets are completed. Packets include License Agreements, demographic studies, fleet acquisition purchases, inventory financing, signage, contracts, building lease, insurance placement and many other items not included in this list. On the topic of future Shareholder Updates, Gaylen commented, "Please look for forward guidance and monthly progress reports on the NMDA website. We'll be announcing events, location openings and other pertinent information in the future. Our stores are setting new sales records weekly which prove to us that our systems are working."
Wayne (Lumpy) Ordakowski, Founder of Blue Sky Motorcycle Rentals reports successful ongoing negotiations with a nationally known custom motorcycle manufacturer from Las Vegas, NV. "I'll formally announce our deal in the future after we've worked out some co-branding issues. I'm excited about our new hot, specifically built rental chopper. It should be the talk of the town when it's complete." Ordakowski continued, "Just in the last few weeks, we completed our Metric and Fleet Lease deals. Those deals are already producing revenue. Add to those, the Blue Sky Licensee addition of one of the largest Harley-Davidson Authorized rental programs, and you see how exciting we all are while we ride into the 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