ALERT: MBAH NEWS!!!!!!!
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.
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Contact:
MBA Holdings Inc., Scottsdale
Gaylen Brotherson, 480-860-2288, ext. 317
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Source: MBA Holdings Inc. |
