Published:
Southland Health Services, a Division of Bad Toys Holdings, Inc., Renews Two Contracts and Expands Its Operations to Include Buchanan County, Virginia
Bad Toys Holdings, Inc. (OTC BB: BTYH)
announced today that its Southland Division ("the Company") has been
awarded two renewal contracts to be the sole provider ambulance service to
Franklin County, Florida, and Winston County, Mississippi. The contracts
contain a 1-year option to renew. These contract renewals represent for the
Company approximately $1.3 million in unadjusted annual gross revenues and
approximately $1 million in annual net revenues, adjusted for uncompensated
care and contractual payment agreements.
The Company has also expanded its operation in Virginia to include Buchanan
County. Southland was approved for a certificate of need by the County
Supervisors for operation of both emergency and non-emergency ambulance
service. The Company expects gross revenue to exceed $975,000 per year.
The Company currently provides ambulatory services to 31 counties in
Mississippi and 6 counties in Alabama, as well as providing services to
counties in Florida, Louisiana, Kansas, Tennessee and Virginia.
The Company believes it is uniquely positioned to become one of the leaders
in the ambulance and medical transportation industry. The Company
anticipates opportunities to grow through acquisitions of existing
independent rural service providers where synergies and economies of scale
will contribute to increased margins, as well as continuing to expand its
current contractual relationships as a low-cost quality service and care
provider.
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.
Distributed by Market Wire
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Medical and Healthcare:FacilitiesandProviders, MedicalandHealthcare:Healthcare, ,TN,KINGSPORT, TN
_ _Is your favorite bookmark site missing?
Ask for it.