Change of NMDA Ownership of Wildside Motorcycles Inc.SCOTTSDALE, Ariz. -- National Motorcycle Dealers Association (NMDA NMDA N-methyl-D-asparate ) of Scottsdale, Ariz., a division of MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration Holdings Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : MBAH), has entered into a Rescission The abrogation of a contract, effective from its inception, thereby restoring the parties to the positions they would have occupied if no contract had ever been formed. By Agreement Agreement with the owners of Wildside Motorcycles Inc. that terminates the association of the two companies and terminates the National Motorcycle Dealers Association's (NMDA) endorsement of the Wildside rental program. The two companies were not able to merge their operating styles and they have mutually agreed to pursue their individual interests separately. MBA Holdings Inc. now owns 100% of the National Motorcycle Dealers Association. Gaylen Brotherson, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "We are quite pleased to put this behind us and build our own nationwide Blue Sky and WorldWide Rental Business." The NMDA's overall business model remains a multi-pronged effort to effectively balance membership interests with the potential revenue streams to be derived by the NMDA. Some partnerships lend prestige and program offerings desired by our membership, while others are more prominent in the size of their direct profit potential for the NMDA. This balance of interests on behalf of the NMDA's members is part of our implicit goal to deliver the finest products and services offered anywhere under one roof. Besides ensuring the continued satisfaction and loyalty of our membership, this approach also guarantees the ongoing opportunity to deliver an unmatched range of programs where the cost benefits continue to accrue for our membership while generating additional income opportunities for the NMDA. As NMDA operations mature in the coming year, MBA will actively consider expanding the already existing association concept and infrastructure of the NMDA to other vehicular sectors that will be similarly well served by its extensive program and service offerings backed by leading vendors. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its quarterly reports on Forms 10-Q. The company does not undertake any obligation to update forward-looking statements. MBA Holdings http://www.mbadirect.com NMDA http://www.nmda.us |
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