Bad Toys Holdings, Inc. Announces Southland Health Services, Inc. Executes Letter of Intent to Acquire Assets of Tri-County Ambulance
KINGSPORT, TN -- Bad Toys Holdings, Inc. (OTCBB: BTYH) announced today that Southland Health Services, Inc., its former wholly owned subsidiary, has executed a letter of intent to acquire certain assets of Tri-County Ambulance, LLC of Ellijay, GA. Southland also announced that Jackie Ellington, the owner of Tri-County Ambulance, will accept a position with Southland, upon the closing of the acquisition, to manage the newly acquired Georgia operations.
Larry Lunan, CEO of Southland Health Services, Inc., stated, “We are extremely excited about this acquisition, the hiring of Mr. Ellington and the opportunities it presents for Southland. Ellijay is located in an area we believe to be a prime growth area north of Atlanta and has seen significant expansion over recent years. This acquisition allows Southland to expand its operations into another Southeastern state and, under Mr. Ellington’s leadership, Tri-County Ambulance has earned a reputation for quality and service in the North Atlanta market.”
Mr. Lunan went on to add, “We expect this acquisition to immediately provide in excess of $2.5 million in revenues annually to Southland and are excited about the overall potential in this particular market.”
Mr. Ellington stated, “I am looking forward to becoming part of the Southland family and am confident that this acquisition will allow us to continue expanding in this dynamic market of North Georgia.”
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 www.badtoys.net or our future website www.paladincorp.com.
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.
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