NMDA and Zurich Enter Agreement on Motorcycle Rental ProgramSCOTTSDALE, Ariz.--Jan. 2, 20056, 2005--MBA Holdings (OTCBB:MBAH) announced that its subsidiary, National Motorcycle Dealers Association (NMDA) has entered into an agreement with Zurich Financial Services, a leading insurance-based financial services company and insurance provider to underwrite the motorcycle rental insurance it provides for sale through NMDA members.
According to NMDA spokesman Gaylen Brotherson, NMDA's relationship with Zurich furthers the organization's goal of becoming a leader in the motorcycle rental marketplace. "This agreement secures the highest degree of fiduciary backing for the NMDA's rental insurance program and furthers our goal of establishing our organization as the premiere motorcycle rental services provider," Brotherson said.
According to Brotherson, NMDA has instituted strict standards to ensure enrolled rental divisions function at the highest levels of consumer safety, operational efficiency and compliance with insurance regulations. "With the deployment of our proprietary software, thorough training about compliance requirements and our ongoing commitment to excellence, the NMDA continues its dedication to making our rental operators the standard bearers of professionalism in the motorcycle rental industry," he said.
NMDA markets the sale of motorcycle rental insurance to NMDA members approved to offer rental insurance to customers. Brotherson said a steady growth model for the rental program will allow both NMDA & Zurich to expand their market reach while continuing to build upon a stable, recurring and growing monthly revenue stream.
Zurich Financial Services (www.zurich.com) is an insurance-based financial services provider with a global network that focuses its activities on its key markets in North America and Europe. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. Through its offices in more than 50 countries, 62,000 Zurich employees serve clients in more than 120 countries. In North America (www.zurichna.com), Zurich is a leading commercial property-casualty insurance provider serving the large global corporate, middle market and small business sectors.