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Wednesday October 19, 8:30 am ET
SCOTTSDALE, AZ--(MARKET WIRE)--Oct 19, 2005 -- MBA Holdings, Inc. (OTC BB: MBAH.OB) announces details of its 1:200 stock dividend scheduled for November 25th, 2005.
The MBAH Board of Directors accepted and approved a proposal by MBAH CEO Gaylen Brotherson that calls for Mr. Brotherson to return the same amount of his personal escrowed shares to replace what the company issues for the 1:200 November 25th stock dividend.
The Brotherson Share Return Plan will be completed immediately following the 1:200 stock dividend that will be issued to Shareholders of record on November 25th, 2005. The Company has voted and approved the equivalent share return to the Company treasury from Mr. Brotherson.
Brotherson commented, "We've had extraordinary news lately with even more to come. I felt it was in the Company's and our Shareholders' best interest to replace the dividend shares with equivalent shares that I'll be returning to the treasury, thus maximizing the market effect the 1:200 stock dividend provides."
For additional information contact:
Gaylen Brotherson
(480) 860-2288 ext. #317
MBA Holdings
http://www.mbadirect.com
Source: MBA Holdings, Inc.