SOURCE: Bad Toys Holdings, Inc.

August 15, 2007 12:21 ET

Bad Toys Holdings, Inc. Informs Shareholders of Name Change

KINGSPORT, TN--(Marketwire - August 15, 2007) - Bad Toys Holdings, Inc. (OTCBB: BTYH) (the "Company") announced today that, effective August 13, 2007, it completed the merger and plan of reorganization to complete the name change to Paladin Holdings, Inc.

Effective August 13, 2007 (the "Effective Time"), Bad Toys Holdings, Inc. (the "Company") completed its merger (the "Merger") pursuant to the Agreement of Merger and Plan of Reorganization (the "Agreement") with and into its wholly owned subsidiary, Paladin Holdings, Inc., a Florida corporation (the "Surviving Corporation"). Reference also our Form 8-K on this matter filed on August 14, 2007.

As a result of the Merger, the Company is now a Florida corporation and its name has been changed to Paladin Holdings, Inc.

As of the Effective Time, each outstanding share of the Company's common stock, $0.001 per share was automatically converted into one share of the Surviving Company's common stock, $0.001 par value per share, which is traded on the Over the Counter Bulletin Board under the Company's symbol: BTYH.OB. Shareholders are not required to exchange their present stock certificates for new stock certificates to effectuate the merger.

Larry Lunan, CEO of Bad Toys Holdings, Inc., commented, "We are changing the name of the Company to Paladin Holdings, Inc. to better reflect the directions and activities of the Company. A Paladin is the 'leading Champion of a Cause.' We have successfully acquired and completed the spin off of Southland Health Services, Inc. maintaining a 25% ownership interest in the Ambulance Operations as an asset of the Company. The Company intends to continue pursuit of integration of businesses for the Motorcycle and Hot Rod Division, support our Southland investment, and seek out opportunities in areas we have existing expertise as well as new industries and markets." Mr. Lunan went on to add, "By choosing an aggressive name that lacks any specific industry connotations, it is our belief investors will have a better understanding of the strategic plan of the company to increase overall shareholder value through growth and development of multiple business segments and opportunities."

The Company will receive and begin trading under a new symbol as soon as it is granted by NASD.

About Bad Toys Holdings, Inc. (Future name: Paladin Holdings, Inc.)

Bad Toys Holdings, Inc. (OTCBB: BTYH) currently participates in two distinct business segments.

Southland Health Services, Inc. -- Ambulance Segment Investment

Southland Health Services, Inc. ("Southland") provides medical transportation services, including emergency and non-emergency ambulance 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 160 ambulances and wheelchair vans and have over 1,100 full-time and part-time employees. At our current run rate, we expect to transport more than 130,000 patients in this calendar year.

Bad Toys, Inc. -- Motorcycle and Automotive Segment

This division, comprised of Bad Toys, Inc., American Eagle Manufacturing Company, and Gambler Motorcycle Company, designs, manufactures, distributes, services, and sells 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, custom car construction, and custom car 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 Holdings, Inc.
    (423) 247-9560
    http://www.badtoys.net

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