Bad Toys Holdings, Inc. (OTCBB: BTYH)
KINGSPORT, TN–(MARKET WIRE)–Jul 20, 2006 — Bad Toys Holdings, Inc. (OTC BB:BTYH.OB – News) announced today that its Southland Health Services division has been awarded its renewal of a 3 year contract to be the sole provider in Linn County, Kansas.
This agreement included both emergency and non-emergency ambulance service. The Company will continue to be the sole provider for this county for the next 3 years with an option to renew. The Company expects gross revenue for the life of the contract to be approximately $2.5 million.
Larry N. Lunan, Chief Executive Officer, stated that, “The Company continues to provide our shareholders with a consistent base of business by its renewal of existing contracts. Each contract is reviewed and adjusted prior to renewal to insure that expected contributions from the contract meet the targeted margins required to maintain the proper earnings profile for our shareholders.”
In regards to the S1 filing, Mr. Lunan, added, “We are in the final stages of completing the answers to the SEC’s first round of comments, and expect to have our reply complete very soon.”
The Company believes that it is uniquely positioned to become one of the leaders in the ambulance and medical transportation industry. The Company’s plans include continued growth through acquisitions of independent rural service providers where synergies and economies of scale will provide targeted profit margins, growing its current existing contractual relationship base with various counties, as well as expanding into new markets.
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 more than 160 ambulances and wheelchair vans and have over 930 full and part-time employees. At our current run rate we anticipate transporting more than 130,000 patients 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 participates in Sprint Car Racing products and custom car construction & restoration. The Company also offers brokerage services for custom cars & motorcycles.
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:
Bad Toys Holdings, Inc.
Larry N. Lunan
423-247-9560
Investor Relations:
Al Kau
888-795-3166
Source: Bad Toys Holdings, Inc.
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