MBA Holdings (fka MBAH)

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CEO's Corner

May 16, 2006

Motorcycle Rentals
It's May 2006 and the motorcycle rental season is in full swing. We are pleased to report that everyone is doing good numbers. We are very pleased to have announced in the past month our Street Eagle store in Maui, Hawaii, which had its Grand Opening a few weeks ago. The Maui store is owned by Kalani Kekona and Richelle Garcia and specializes in custom chopper motorcycles from Iron Horse and Big Dog, and also offers a selection of Harley-Davidson motorcycles and other brands. The store is located at 357 Huku Lii Place, Suite 105, Kihei, HI 96753-7051, on the beautiful island of Maui. The name of their store is Kanaka Metal Horse (www.kanakametalhorse.com).

Street Eagle has just licensed Joe Harrison MotorSports (www.jhms.com), located at 9710 N. IH-35, in San Antonio, TX, 78233-6609. Joe Harrison is a long-time Honda, Suzuki, and Big Dog Custom Motorcycle dealer and they will also rent a wide selection of Harley-Davidson motorcycles. They are now open and renting. We welcome this successful dealer to the Street Eagle rental family.

In California, our newest Street Eagle Rental store is Bay Area Performance Motorcycles (www.bapcycles.com), at 2560 Wyandotte St., #2, Mountain View, CA 94043-2344. Scott Mindich and his wife Irene are our newest Licensees in California and will open their rental store on June 1, 2006. Scott is an engine-building specialist with a full line of parts and accessories, and features a Dyno-Jet 250 dynomometer to super tune your motorcycles. Both Scott and Irene are avid motorcycle riders and have ridden hundreds of thousands of miles. Please welcome them to Street Eagle.

Our Newest Street Eagle Rental store is Arizona Thunder Cycles (www.azthundercycles.com), located at 2302 N. Scottsdale, Rd., Scottsdale, AZ 85257-2127, and it will open in May 2006. They are dealers for American Ironhorse, Saxon, Swift, APC, Hellbound Steel, Ridley, and will also rent other lines of motorcycles.

We will be announcing the opening of two (2) additional stores in New Mexico yet this month and we are close on additional new locations that we hope to open in the next 30 - 60 days.

We want to announce the closing of one rental store, in Kauai, Hawaii. Mahalo to Michael (Tim) Lach – Street Eagle - Hawaii, and Aloha to Michael (Tim) Lach Dealership Principal – Kauai Harley-Davidson / Buell in Kauai, Hawaii. Tim has worked a long time to get this Harley-Davidson dealership going and we say the best to you!

Warranties
Warranty sales are progressing nicely and we want to announce the opening of another inbound call center in Bloomington, Illinois that is online and has been handling calls for a week. I mentioned in the last CEO's Corner about adding call centers in the Central and Eastern Time Zones. Bloomington is in the Central Time Zone. We are now working on adding several call centers in California and on the Eastern seaboard and will be making an announcement about those as soon as the ink is dry.

Auditing
We are very pleased to announce that Gene Wilczewski, head of the MBAH Audit Committee, and the Board of Directors have chosen a new audit partner that is right here in Scottsdale, Arizona, less that two miles away from our office. An 8-K announcement of the company will be made soon.

Thanks to all again, we wish you all a safe and happy ride.

Gaylen Brotherson, CEO


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