Bad Toys Holdings, Inc. (OTCBB: BTYH)
KINGSPORT, TN–(MARKET WIRE)–Jun 7, 2006 — Bad Toys Holdings, Inc. (OTC BB:BTYH.OB – News) (the “Company”) announced today the filing of a Form S-1 by its wholly-owned subsidiary, Southland Health Services, Inc. (”Southland”), with the Securities and Exchange Commission to effect the registration and subsequent distribution of seventy-five percent (75%) of the common stock of Southland to the Company’s shareholders. The Company originally announced that its shareholders would receive 1.31 common shares of Southland for each share of the Company’s common stock issued and outstanding as of the record date, January 12, 2006. After further deliberation by the Company’s Board of Directors, the Company decided to change the distribution ratio from 1.31 to..9825. The Board of Directors believes this adjustment will help Southland align its capital structure to that of companies with similar annual revenue. Despite the adjustment, the Company’s shareholders will still hold a seventy five percent (75%) equity interest in Southland following the spin-off.
The Company’s common shares have been trading with the Southland stock dividend attached since January 12, 2006. The Company will continue to keep its shareholders informed as this transaction continues to progress. Southland’s S-1 can be accessed on the Company’s website, www.badtoysholdings.net, or on the Securities and Exchange Commission’s website, www.sec.gov.
About Bad Toys Holdings, Inc.
Bad Toys Holdings, Inc., (OTC BB:BTYH.OB – News), participates in two distinct business segments:
Southland Health Services, Inc.
This division provides medical transportation services, including emergency and non-emergency ambulance services. Our Southland Division operates in over 200 communities within the following seven states: Mississippi, Alabama, Florida, Louisiana, Kansas, Tennessee, and Virginia. We operate in excess of 207 ambulances and wheelchair vans and have over 940 full and part-time employees. At our current run rate we will transport more than 130,000 patients in this calendar year.
Bad Toys, Inc.
This division, Bad Toys, Inc., American Eagle Manufacturing Company and Gambler Motorcycle Company, continues to design, manufacture, distribute, service and sell custom made, Harley-Davidson type, V-twin motorcycles from component parts. We also offer premium accessories, parts, customizing items and apparel related to Harley-Davidson motorcycles on-line and directly from our retail and factory outlets. This division also participates in Sprint Car Racing products and custom car construction and restoration.
For further information, contact Bad Toys Holdings, Inc., Larry N. Lunan, President and Chief Executive Officer, (423) 247-9560 or Al Kau, Investor Relations in California at (888) 795-3166. Further information about the Company may be obtained on its website at www.badtoys.net.
Certain statements in this release and other written or oral statements made by or on behalf of the Company are “forward-looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management’s expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and projects and the Company’s continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
Contact:
Contact:
Larry N. Lunan
President and Chief Executive Officer
Bad Toys Holdings, Inc.
(423) 247-9560
http://www.badtoys.net/
Al Kau
Investor Relations in California
(888) 795-3166
Source: Bad Toys Holdings, Inc.
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