SOURCE: Bad Toys Holdings, Inc.

November 28, 2005 08:30 ET

Bad Toys Holdings, Inc. Announces Spin-Off of the Southland Health Services Division via a Stock Dividend

KINGSPORT, TN -- (MARKET WIRE) -- November 28, 2005 -- Bad Toys Holdings, Inc. (OTC BB: BTYH) announced today it will issue a Stock Dividend.

The Board of Directors has voted to distribute seventy-five percent (75%) of the Common Stock of Southland Health Services, Inc. to the shareholders of Bad Toys Holdings, Inc. The Southland Division will become a separately listed and traded public company. Southland Health Services, Inc. ("Southland"), a wholly owned subsidiary of Bad Toys Holdings, Inc. provides medical transportation services, including emergency and non-emergency ambulance services.

Bad Toys Holdings, Inc. will distribute the stock dividend, comprised of shares of common stock of Southland Health Services, Inc., to the shareholders of record at the close of business on January 12, 2006. Management will issue 1.31 shares of Southland Health Services, Inc. for every 1 share of common stock owned of Bad Toys Holdings, Inc. The shares of Southland Health Services, Inc. will be distributed after a registration statement to be filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, becomes effective.

The Board of Directors of Southland Health Services, Inc. has authorized its officers to prepare and file a registration statement with the Securities and Exchange Commission. The Company is planning to file with the SEC on or about December 31, 2005. Contemporaneously with the filing of the Registration Statement with the SEC, Southland will seek to have its shares listed on NASDAQ SmallCap.

Mr. Larry N. Lunan, President and CEO, stated, "I was extremely pleased that Bad Toys Holdings, Inc., acquired the Southland Medical Transport Division and the potential that it offered to our shareholder base. Now I believe that this stock dividend and subsequent separate listing for Southland Health Services will yield an even larger value to our shareholder base. The Holding Company will continue to operate the motorcycle and car divisions while searching for other acquisition opportunities."

About Bad Toys Holdings, Inc.

Bad Toys Holdings, Inc., (BTYH), 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. The changes planned for this division are discussed above.

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 & 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 Information

  • Contact:
    Larry N. Lunan
    President and Chief Executive Officer
    Bad Toys, Inc.
    (423) 247-9560
    http://www.badtoys.net

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