Bad Toys, Inc. Completes Acquisition of Street Rod Business.Business Editors KINGSPORT, Tenn.--(BUSINESS WIRE)--Feb. 5, 2004 Bad Toys, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: BTOI), a manufacturer and retailer of custom V-twin motorcycles, has completed its acquisition of the assets of Chambers Automotive, Inc. and Precision Tricks Customs, Inc, manufacturers of street rods. In connection with the asset purchase, Bad Toys, Inc. plans to purchase the real property and manufacturing facility previously used by Chambers Automotive, Inc. and Precision Tricks Customs, Inc. in their street rod business. The manufacturing facility is a 20,000 square foot facility on three (3) acres, located near the metro area This article is about the music production team. For the article about population centers, see metropolitan area. Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani. of Nashville, Tenn. Including the planned purchase of the real property and manufacturing facility, the estimated value of the total acquisition is more than $3.2 million. Bad Toys, Inc. plans to operate its newly purchased street rod business through a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. using the name Precision Tricks Customs, Inc. Larry Lunan, Bad Toys, Inc.'s president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "The acquisition of the street rod business is a tremendous step forward for Bad Toys. This combination will have a positive impact on Bad Toys' base business of manufacturing and selling custom motorcycles by having a show room near a major metropolitan area." Lunan further commented, "There will also be benefits associated with having vertically integrated common manufacturing processes such as painting, machining, as well as joint sourcing of outside services such as chrome plating Chromium plating solutions There are two types of chromium plating: industrial and decorative. Industrial chromium plating is also referred to as Hard Chrome or Engineered Chrome. ." Management of Bad Toys, Inc. believes this acquisition is a significant move for the company. With the acquisition of the street rod business' customer base, Bad Toys, Inc. expects to see an increase in sales for both street rods and customized V-twin motorcycles as it broadens its physical presence. The company also indicated that this is one of several synergistic acquisition planned for fiscal year 2004. "Bad Toys adds to its growing family of employees. We are very excited and pleased to announce that Jimmy Chambers, award winning street rod veteran, formerly President of Chambers Automotive, Inc., will join Bad Toys' management team and head up the newly formed division," said Lunan. In 2003, Chambers received NSRA NSRA National Small Bore Rifle Association (UK) NSRA National Shorthand Reporters Association NSRA National Snowmobile Racing Association NSRA Nova Scotia Rifle Association (Dartmouth, NS, Canada) (National Street Rod Association The National Street Rod Association or NSRA is an organization that hosts a number of Street Rod and Hot Rod shows in the United States. The shows that are put on by the NSRA are: Event Name Years* Month Site ) Pros Pick, Best Paint Award and the Boyd Coddington Boyd Leon Coddington (born 1944)[1] is the owner of the Boyd Coddington Hot Rod Shop and star of American Hot Rod on TLC. Background Coddington grew up in Rupert, Idaho, where he got his first car (a 1931 Chevrolet truck) at age 13. Pros Pick, and Dupont Top Gun Award. Chambers also earned the Super Chevy Top Class Winner and has been featured in several street rod magazines. For further information regarding Bad Toys, Inc., contact Bad Toys, Inc., Larry N. Lunan, President and Chief Executive Officer, (423) 247-9560 or Al Kau, Investor Relations Investor relations The process by which the corporation communicates with its investors. in California at (888) 795-3166. Certain statements in this release and other written or oral statements made by or 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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. |
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