MBAH Reports on Progress of Motorcycle Rental Division at Arizona Bike Week 2005
SCOTTSDALE, Ariz.--April 11, 2005--Representatives and Directors of MBA Holdings Inc. (OTCBB:MBAH) and its 100% wholly-owned subsidiary companies consisting of Blue Sky Motorcycle Rentals, Street Eagle Motorcycle Rentals, Rent2Ride Nationwide and Worldwide Motorcycle Rentals recently attended Arizona Bike Week 2005 and report on the following developments and progress:-- Rent2Ride Nationwide, led by Michael (Tim) Lach and Wayne (Lumpy) Ordakowski, introduced a new Rent2Ride rental program to Hacienda Customs in Scottsdale, Arizona. Hacienda Customs commenced rental operations during AZ Bike Week with six custom rental motorcycles. Hacienda Harley-Davidson, located within the same complex, currently utilizes up to 150 motorcycles in their rental fleet.
-- 70 rental units between Blue Sky and Rent2Ride were rented in Arizona for AZ Bike Week. 24 BSMR Scottsdale, 25 BSMR Airport, 6 R2R Scottsdale and 15 from BSMR Tucson.
-- New technologies were integrated into the Web Portal Based WorldWide Rental Management Software by Tim Lach and NMDA Manager Matt Murphy. A rollout version of the software is introduced with beta testing this week in a Blue Sky Arizona dealership. Complete and ready-for-sale software is expected as soon as testing is complete.
-- Franchising, licensing and monthly fee structures for Street Eagle, BSMR, WW and R2R were developed and finalized. Targets, flow charts, task lists, work scope, calendars and other pertinent items were also discussed, debated and finalized.
-- One MBAH shareholder, representing a pool of MBAH investors met with MBAH CEO Gaylen Brotherson, Blue Sky CEO and Founder Wayne (Lumpy) Ordakowski, NMDA Manager Matt Murphy and others over a several day period during AZ Bike Week. Questions from the investor pool were answered and many ideas brought to MBAH management will be evaluated and implemented.
-- Past and present customer contact, e-mail and website information from the four rental companies was consolidated into usable data with a program designed specifically for the NMDA by Richard Hone, B.Sc., M.Eng., Chief Technology Officer, SOS Technologies, (Canada) Inc. Mr. Hone has agreed to head up the NMDA "information highway" project with an e-mail discount program and target specific distribution of company materials. The data collected from the four rental companies will be converted into new memberships for the NMDA beginning this week. The Canadian connection also intends to enhance the web portal with language specific links and Canadian marketing strategies currently in use within motorcycle industry contacts throughout the entire North American market.
-- MBAH personnel participated in the Manheim AZ Bike Week Motorcycle Auction with the NMDA arranging financing through D & M Leasing and liability and collision insurance sales though Geico. Karen Braddy, Director of Motorcycle Auctions for Manheim added, "It was a totally successful auction and I very much enjoyed being part of the Arizona Bike Week Event."
-- Wayne (Lumpy) Ordakowski has extended his Arizona stay another week to continue discussions and finalize negotiations with motorcycle distribution personnel, key to reaching the target of 1000 motorcycles in rental fleet by model year 2006 which begins production in July 2005.
-- CEO Gaylen Brotherson commented on AZ Bike Week, "Fruitful negotiations, discussions and talks were made during the week with new dealer prospects but more importantly, we have now laid the groundwork for the integration of MBAH's rental companies. We have defined our objectives and will use the power these four companies bring to MBAH to increase our revenues."
"Safe Harbor" statements under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to business conditions and the amount of growth in the insurance or associated automotive industries and general economy, competitive factors, and other risks detailed from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q. The Company does not undertake any obligation to update forward-looking statements.
Rent2Ride Nationwide
http://www.rent2ride.com
Street Eagle Motorcycle Rentals
http://www.streeteagle.com
Blue Sky Motorcycle Rentals
http://www.blueskymotorcyclerentals.com
M.B.A. Holdings
http://www.mbadirect.com
NMDA
http://www.nationalmda.com