SOURCE: Bad Toys Holdings, Inc.

March 12, 2007 09:00 ET

Bad Toys Holdings, Inc. Announces Southland Health Services, Inc. Executes Commitment Letter for $10 Million Financing

KINGSPORT, TN -- (MARKET WIRE) -- March 12, 2007 -- Bad Toys Holdings, Inc. (OTCBB: BTYH) announced today that Southland Health Services, Inc., its former wholly owned subsidiary, has executed a letter of commitment with a leading Asset-Based Lender. The letter of commitment is for $10 million dollars and is subject to the completion of acceptable final documents as well as satisfactory settlements with GE Healthcare Finance and the Internal Revenue Service and other customary conditions.

Larry Lunan, CEO of Southland Health Services, Inc., stated, "We are extremely excited about having this commitment letter in place. It now allows us to begin the process of settlement negotiations with the IRS and GE Healthcare as well as opens opportunities for other underlying investments in the Company." Mr. Lunan went on to add, "We have begun discussions with a senior exchange for the listing of Southland and are targeting the second quarter for this listing to be completed."

Southland believes that it is uniquely positioned and will continue to be one of the leading providers of ambulance and medical transportation services. Southland plans to continue to grow 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. (OTCBB: BTYH) participates in two distinct business segments:

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.

Southland Health Services, Inc.

The second business segment, in which the company is a major shareholder (25%) of Southland Health Services, Inc., provides an array of Health Care services including ambulatory emergency and non-emergency patient transport, wheel-chair van, stretcher van and related transport services. Southland 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.

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 or our future website

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, its press releases and other communications. 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 Information

  • Contact:
    Larry N. Lunan
    President and Chief Executive Officer
    Bad Toys Holdings, Inc.
    (423) 247-9560

    Al Kau
    Investor Relations in California
    (888) 795-3166