Bad Toys Holdings, Inc. - Announces Acquisition of No Borders, Inc. by Its Subsidiary, American Eagle.KINGSPORT, Tenn. -- Bad Toys Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTYH) announced today that its subsidiary, American Eagle Manufacturing, Inc. ("American Eagle") acquired 100% of the common stock of No Borders, Inc. in exchange for 40,000,000 shares of the common stock of American Eagle, representing approximately 90% of the issued and outstanding shares of the common stock of American Eagle after giving effect to the No Borders, Inc. acquisition. Bad Toys Holdings, Inc. owns approximately 8% of the outstanding shares of American Eagle's common stock after giving effect to the No Borders, Inc. acquisition. American Eagle's common stock currently is trading on the OTCBB under the symbol "AEMF", however, it anticipates changing its symbol on or about October 29, 2004. American Eagle has changed its corporate name to No Borders, Inc. No Borders, Inc. is in the business of providing a debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. and stored value card platform through which a variety of financial and commercial services and products can be offered to residents of developing countries and to immigrants from those countries who reside in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and send money back home on a regular basis. Prior to American Eagle's acquisition of the common stock of No Borders, Inc., American Eagle transferred to Bad Toys Holdings, Inc. its 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. business, which Bad Toys Holdings, Inc. will own and operate in 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 "American Eagle". Larry N. Lunan, 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. of Bad Toys Holdings, Inc., stated "He believes the acquisition of No Borders, Inc. by American Eagle will benefit shareholders of both companies." For further information, 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. 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 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 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 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 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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