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Tuesday November 1, 8:30 am ET
SCOTTSDALE, AZ--(MARKET WIRE)--Nov 1, 2005 -- MBA Holdings, Inc. (OTC BB: MBAH.OB) is pleased to announce that it has acquired the assets of Arizona's Thunder Riders Motorcycle Magazine and other related magazines and products. The current publisher and owner Clay Douglas sold the majority of the company in a cash and stock sale. A new Limited Liability Company was formed called MBA Publishing, LLC. Mr. Douglas will retain the title of Publisher and a percentage of ownership and stock in the company. The Arizona company, with current offices in Phoenix, Arizona, will move its headquarters to MBA's offices in the near future.
Clay Douglas has been the publisher of Thunder Riders for three years. His background includes publishing three magazines and writing for most major motorcycle Publications like Easyriders, Motorcycle Industry and American Free Press of Washington, D.C.
Gaylen Brotherson, CEO of MBA Holdings, stated that, "We are happy to give a voice to National Motorcycle Dealers Association and Thunder Riders gives us a platform to showcase and promote our Blue Sky, Street Eagle, Rent 2 Ride, and WorldWide rental divisions nationwide. The paper will also help meet the needs of our dealers and agents to promote all of our insurance products and new products in the future. It is a good acquision for our company, and our company's bottom line to help build MBA Holdings."
The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports, and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.
Contact:
Gaylen Brotherson
CEO
(480) 860-2288 ext # 317
Source: MBA Holdings, Inc.