MAII Holdings' Car Rental Direct Subsidiary Expands $10 Million Credit Line from Ford Motor Credit to $18 Million

    LOS ANGELES--April 26, 2002--Car Rental Direct (CRD), the fast growing automobile rental subsidiary of MAII Holdings, Inc. (OTCBB:MAII), announced that it has expanded its current $10 million line of credit from Ford Motor Credit Corp., a division of Ford Motor Co. to $18 million.
    CRD intends to use the credit line to finance the acquisition of additional vehicles for its locations in the Los Angeles, San Diego, Las Vegas and Phoenix markets. CRD's fleet utilization rate is in the mid 80% range and the company expects to open five additional locations during the second quarter 2002. CRD currently operates 20 locations.
    "We are pleased to be working with Ford Motor Credit to expand the CRD fleet and we appreciate the faith that Ford Motor Credit continues to show in us," stated Chris Tyler, Chief Executive Officer of MAII Holdings, Inc. "This financing keeps us on track to achieve CRD's business goal of over 100% revenue growth for the calendar year 2002. We are now through the development stage of CRD's business, which was started in November 1999, and I expect CRD's second quarter of 2002 to be its first profitable quarter on a stand alone basis, although MAII on a consolidated basis will still show a small loss for the second quarter. From this established high growth platform we expect CRD's profits to grow substantially over the next couple of years. If we can achieve our current business plan, and I expect we will, then the operating team at CRD will be creating a tremendous amount of value for MAII's shareholders."

    About MAII Holdings, Inc.

    MAII Holdings, Inc. is led by a management team with expertise in the business solutions industries. The Company's focus is in the growth and management of specialized technology companies that serve consumer and business-to-business markets. A wholly-owned subsidiary, Car Rental Direct, is emerging as a leader in the replacement segment of the automobile rental industry, providing vehicles for businesses and consumers via short- and long-term rental contracts.

    The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by MAII Holdings, Inc.) contains statements and other matters that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, actual results may differ materially from those expressed in any forward-looking statements made by MAII Holdings, Inc. For a description of additional risks and uncertainties, please refer to the MAII Holdings, Inc. filings with the Securities and Exchange Commission, including MAII Holdings, Inc.'s Form 10-k.