posted June 02, 2004 19:24            

MBA Holdings Inc. Signs Agreement with Old Republic Insurance Co.
Wednesday June 2, 2:33 pm ET

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--June 2, 2004--MBA Holdings Inc. (OTCBB: MBAH - News) markets mechanical breakdown insurance (MBI) and vehicle service contracts (VSC) nationwide. MBA Holdings Inc. recently signed a nationwide contract with Old Republic Insurance Co. (A+ Rated) to market mechanical breakdown insurance policies and vehicle service contracts (extended auto warranties) for the repair of autos and trucks nationwide for Old Republic Insurance Co. in auto dealerships, credit unions, other financial institutions, direct marketing and electronic marketing over the World Wide Web (www.mbadirect.com).
Old Republic International Corp. is among the nation's 50 largest publicly held insurance organizations, with a substantial interest in major segments of the industry. The company is primarily a commercial lines underwriter, serving many of America's leading industrial and financial services companies as valued customers. Since 1923, Old Republic has grown as a specialty insurance business, though it oldest subsidiary has insured lives since 1887.

This relationship has allowed MBA Holdings Inc. to sign more than 100 credit unions to sell the Old Republic warranty program and sign many other new warranty accounts, at a very important stage in MBA's growth as a company.

Contact:
MBA Holdings Inc., Scottsdale
Gaylen Brotherson, 480-860-2288, ext. 317
gaylenb@mbadirect.com

5 day avg. volume 1.6M up from 730,000.
Was at its 52 week low today, .0050, closed at .0078.

Current Capital Change:
shares increased by 10 for 1 split
Ex-Date: 2004-04-05

posted June 23, 2004 00:07            

Press Release Source: MBA Holdings Inc.

MBA Holdings Approves Acquisition
Tuesday June 22, 7:00 pm ET

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--June 22, 2004--MBA Holdings Inc.'s (Symbol: MBAH.OB) board of directors has approved the acquisition of the First Eagle Group, LLC and its "Screaming Eagles" parts performance motorcycle warranties. The all-stock acquisition will fold the assets and management personnel into Mechanical Breakdown Administrators Inc., a subsidiary of MBA Holdings Inc.
First Eagle Group, LLC and the "Screaming Eagles" parts performance warranty plan, in conjunction with insurance companies, market and administer the warranty programs of many national motorcycle manufacturers providing the two-year factory warranties, as well as new and used motorcycle extended warranties nationwide. "Screaming Eagles" parts performance warranties are sold at hundreds of motorcycle dealers nationwide.

In a related matter, the board of directors has approved the hiring of three seasoned professional warranty executives to manage divisions at MBA Inc.: Terry Fittje to head the auto warranty division and call center division, Allen McCalip to head the recreational vehicle division and Dave Ward to head the new motorcycle division.

The board of directors also approved the implementation of an aftermarket extended warranty plan offering a sixth and seventh year extended warranty plan on the Alfa Leisure Recreational Vehicle product line. Alfa Leisure is a leading recreation vehicle manufacturer of motor homes and travel trailers that are built in California and sold nationwide. MBA Holdings Inc.'s subsidiary, Mechanical Breakdown Administrators Inc. (MBA Inc.), has been the administrator of the Alfa Leisure products five-year factory warranty for the last three years.