MBA HOLDINGS COMMENCES MOTORCYCLE LEASING OPERATIONS
18 January 2005 - MBA Holdings Inc

MBA Holdings, Inc. has signed an agreement with D & M Leasing, Inc., a subsidiary of VT, Inc., for MBA''s subsidiary, the National Motorcycle Association (NMDA), to provide retail motorcycle leasing to NMDA dealerships in the United States and Canada.

D&M Leasing is under the guidance of Owner Cecil Van Tuyl and co-CEO Larry Van Tuyl, VT, Inc. has grown to become the #1 privately held auto dealer group in the U.S. and a Fortune 500 company. D&M Leasing is one of the largest leasing companies in the country in both the consumer and fleet leasing markets.

The market for motorcycle leasing remains both under-served and largely untapped. By comparison, auto leasing is a fully matured sector with limited future expansion and profit margin potential. Used motorcycles retain a significantly higher portion of original cost in resale values than automobiles which maximizes net proceeds when a lease expires. This economic viability is increasing alongside the overall growth of the motorcycle industry which to date has lacked the participation of a major corporation with the financial capacity to back a national motorcycle leasing program. The CycLease(TM) program provided by D&M Leasing and the Van Tuyl organization is a major step towards creating a well organized leasing marketplace for motorcycle dealers.

The NMDA will be responsible for marketing this valuable program to its membership and will receive an up front commission for every lease signed. In addition, D&M Leasing will make available to NMDA dealers consumer financing on motorcycle sales for which the NMDA will receive a separate up front commission for every bike financed. The Van Tuyl organization is a widely recognized industry leader in auto finance and insurance sales.

The NMDA has already initiated the marketing of the CycLease(TM) program. In the first week alone, newly signed NMDA marketing agents have received verbal participation commitments from the first eight dealers approached in Florida with many more slated to be contacted in the immediate future. The intent of the NMDA is to aggressively market the CycLease(TM) program to grow and capture market share and drive additional membership growth while building a significant primary revenue stream from leasing in the southernmost U.S. regions in early 2005.

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