In 2003, R.A. Oben Holdings, Inc., headed by Reginaldo "Rey" Oben, acquired the Nutri-licious franchise. It was then announced that Toyota Otis-
Letran would be the
Philippine Basketball League's eighth team for the 2004 season and the first in league history to be affiliated with a NCAA school. Their first team was composed of
Letran Knights players
Ronjay Enrile, Joanthan Aldave,
Aaron Aban and
Boyet Bautista, who had just won the
Season 79 title. ==Final roster==