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Posted by NomarKash on :
 
Some late news from yesterday afternoon.....

MBAH Acquires South Carolina Company iDigital, LLC
Wednesday April 27, 2:08 pm ET

SCOTTSDALE, AZ--(MARKET WIRE)--Apr 27, 2005 -- MBA Holdings Inc. (OTC BB:MBAH.OB - News) is pleased to announce that it has executed a Letter of Intent to acquire a 50% ownership interest in iDigital, LLC ("iDigital") in exchange for an undisclosed number of 144 common shares of MBAH. iDigital is the purveyor of a line of specialty marketing products that are designed to be given to customers as a personal memento of their recent experience with a company's products, like Motorcycle and Auto Rentals and Purchases.
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Gaylen Brotherson, CEO, said that "Mike Lucas, the owner and future partner, is the reason we purchase the interest in the company. Mike Lucas brings a unique and strong sales ability to MBA family of companies. He will continue to provide and increase sales and services of the iDigital Company and will supplement that with sales of our growing product list at MBA. We look forward to having Mike on board. The iDigital company will relocate and operate in MBA's Scottsdale headquarters. His company will contribute to our growing sales volume and the sales volume of our other products." We anticipate the closing of the purchase in early May 2005, at which time we will file an 8K.

iDigital provides high-end digital photography services with database and e-commerce capabilities through its customized Website. iDigital has been in the market place for over 14 years and is based in Hilton Head, SC. Through iDigital's Licensing Program with its In-House Imaging Service and Web Imaging Service, iDigital's focus is to provide companies like Motorcycle Dealers, Auto Dealers, Motorcycle Rental Stores, Golf Courses, Tennis Centers, Hospitals, Restaurants, etc. with digital photography services so they can offer their customers pictures -- thus memories -- of their purchases or experiences. The company has an impressive list of large users. iDigital has created a very unique concept that brings the latest technology with the highest focus on customer service, customer retention as well as a tremendous marketing program and fits well in our NMDA programs.

In other news, MBAH's recent purchase of Street Eagle Motorcycle Rentals and Rent 2 Ride Motorcycle Rentals is expected to close completely in the next ten (10) days.

MBA Holdings http://www.mbadirect.com

NMDA http://www.nmda.us

iDigital http://www.iDigitalOnline.com
 
Posted by blduncandc on :
 
Decreasing a/s from 800M to 350M
 
Posted by renrob05 on :
 
This one is moving. Gonna start a nice uptrend.
 
Posted by sunny on :
 
Saw this one moving this morning...wanted to move this one forward.
 
Posted by NomarKash on :
 
something up?
 
Posted by NomarKash on :
 
Press Release Source: M.B.A. Holdings, Inc.


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 - News) 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.

M.B.A. 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.
 
Posted by NomarKash on :
 
This may keep gapping up today, watch it!

MBA Holdings Completes iDigital and Street Eagle Acquisitions
Monday May 16, 4:12 pm ET


SCOTTSDALE, AZ--(MARKET WIRE)--May 16, 2005 -- MBA Holdings, Inc. (OTC BB:MBAH.OB - News) is pleased to announce the acquisitions of iDigital, LLC as well as Street Eagle Motorcycle Rental/Rent 2 Ride Motorcycle Rentals.
iDigital is the supplier of a line of chotchkies, specialty marketing products designed to be given to customers as a personal memento of their recent experience with a company's products, such as Motorcycle and Auto Rentals and Purchases.

Rent 2 Ride has two (2) licensed rental stores operating, one (1) in Scottsdale, Arizona, and one (1) in Albuquerque, New Mexico. Street Eagle (www.streeteagle.com) and Rent 2 Ride (www.rent2ride.com) are specialty motorcycle rental companies specializing in Harley-Davidson, Metric and Custom Motorcycle rentals. With several additional stores planned for the near future. Street Eagle has processed in excess of 25,000 rental reservations in the last two years.

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MBA owns and operates Blue Sky Motorcycle rentals in fourteen (14) locations in Hawaii and across North America.

Gaylen Brotherson, CEO, of MBA Holdings, Inc., summarized the deals as both timely for and indicative of the company's future growth. "With these acquisitions, MBA Holdings can begin to significantly enhance sales revenues and profitability," stated Mr. Brotherson. "We are very optimistic with respect to adding shareholder value in the coming quarters," he concluded.

About MBA Holdings, Inc.

M.B.A. 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, Open Lot and Garage Keepers Legal Coverage, Health insurance and Family Hospitalization insurance for Dealership owners, employees and their families. Please visit the website at www.nationalmda.com.
 
Posted by NomarKash on :
 
Watch it, this is creeping up today.
 
Posted by NomarKash on :
 
NEWS OUT:

Press Release Source: M.B.A. Holdings, Inc.


MBA Holdings, Inc. Signs Letter of Intent to Purchase Escape Eagles Motorcycle Rentals of Las Vegas
Tuesday June 21, 9:34 am ET


SCOTTSDALE, AZ--(MARKET WIRE)--Jun 21, 2005 -- MBA Holdings, Inc. (OTC BB:MBAH.OB - News) announces that it has signed a letter of intent to purchase Escape Eagles, Inc. of Las Vegas, Nevada. www.escapeeagles.com. MBAH has been in negotiations with Escape Eagles since December 2004 and will acquire the company effective January 1, 2005. This cash and stock purchase of Escape Eagles is expected to close in mid July 2005. An SEC 8K event filing will immediately follow the actual closing.




Escape Eagles is a highly successful motorcycle rental operation that has been in business for 5 years. Escape Eagles has also been a licensed Blue Sky Motorcycle Rental store for the last 3 years and rents between 20 to 30 motorcycles on a daily, weekly and monthly basis. Escape Eagles/Blue Sky is conveniently located within blocks of the Las Vegas Strip.

Financial records for Escape Eagles, Inc. show proof of financial performance. For the first four months of 2005, the company had a net profit of $96,000.00 on gross sales of $168,000.00. These numbers were based on a 21-bike fleet. The company plans on aggressively building the rental fleet to capacity in the near future also including custom chopper rentals.

Select Blue Sky Licensees and their rental operations have been central to MBAH's reshaped business strategy on company growth and revenue generation. Converting select Blue Sky Licensees to company-owned stores is integral to obtaining these goals. The company will now own the Denver, Colorado; Phoenix, Arizona; and Las Vegas, Nevada, rental operations and will also be able to include all revenues these stores produce to MBAH's gross sales revenue.

The present owner, Viktor Pabst, and staff will be retained to manage the store. Viktor Pabst stated, "I joined a great company with great opportunities for the future, and I'm based in a city that has the greatest growth opportunities in the United States and I am excited to be part of this growth with MBAH."

Viktor Pabst, a Swiss native, will continue to build and fortify his travel contacts in Europe for MBAH and its related rental companies. These contacts have been successful in building Escape Eagles Las Vegas into the premier European travel and tour motorcycle rental destination. Viktor will now introduce Blue Sky/Rent2Ride/Street Eagle/WorldWide rental programs to the European market. One way, city to city and tour group rentals between system locations are a few of the items Viktor will promote.

Gaylen Brotherson, President and CEO of MBA Holdings, Inc., commented, "There is tremendous opportunity in Las Vegas and we have hit the ground running with this acquisition. Escape Eagles/Blue Sky not only gives us the location and revenue, but solid leadership from within. We also plan on the benefit of shared inventory utilization."

He continued about the weekend events, "I felt the Shareholder Meet & Greet was fun and I enjoyed it wholeheartedly. I met some very nice people and I hope we conveyed our thought and ambitions for the company's future to them. The all-around positive feedback I have received on our new software and its presentation has been greatly appreciated. We plan on integrating the now completed software into the four-rental company's websites immediately. The software came a long way in a short period of time. I'd also like to thank all for coming to Las Vegas last weekend and giving us the chance to show our progress."


Escape Eagles, Inc.
http://www.escapeeagles.com

NMDA
http://www.NationalMDA.com

M.B.A. Holdings
http://www.MBADirect.com
 


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