Bad Toys Holdings, Inc., Approves Purchase of Assets of American Eagle Manufacturing Company.CARLSBAD, Calif. -- American Eagle Manufacturing Company, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AEMF), a Nevada Corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , is pleased to announce that a majority of the Company's shareholders and its Board of Directors have approved an Asset Purchase Agreement between the Company and Bad Toys Holdings, Inc. Under the Asset Purchase Agreement, Bad Toys will purchase all of the Company's assets used in its custom motorcycle A custom motorcycle is a motorcycle that is highly stylized or which treats aspects such as frame geometry or engine design in an unusual way compared to standard manufacturing. manufacturing business. In exchange for the assets Bad Toys will issue 1,818,182 shares of its common stock to American Eagle. Bad Toys will also assume all of the liabilities of the Company that are related to the American Eagles motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. manufacturing business. Larry Lunan, President of Bad Toys Holdings, Inc., said, "We believe this is a win-win situation for Bad Toys and American Eagle." About American Eagle American Eagle Manufacturing Company, Inc. is in the business of manufacturing custom high-end performance motorcycles. The Company's 35,000-square-foot production facility is located in Carlsbad, California Carlsbad is a coastal resort-town in northern San Diego County, California. According to the state Department of Finance, the city had a total population of 90,271 in 2003. . American Eagle motorcycles are assembled in-house, with double powdered coated frames and available "trick" paint schemes. American Eagle motorcycles are listed in the NADA and Kelly Blue Book. For further information, contact Bad Toys Holdings, 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. , (888) 795-3166. Further information about the company may be obtained on its Web site at www.badtoys.net. Certain statements in this release and other written or oral statements made by or behalf of the company are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion