Published:
Bad Toys Holdings, Inc. Releases 1st Quarter Results
Bad Toys Holdings, Inc. (OTC BB: BTYH) today
announced earnings for the fiscal first quarter ended March 31, 2006. The
Company reported revenue of $10,554,827 for the quarter ended March 31,
2006. The Company also reported profits for the first quarter of $890,317
or $.05 per share. The Company's financial statements can be accessed on
the Company's website, www.badtoysholdings.net, or on the Securities and
Exchange Commission's website, www.sec.gov.
Larry N. Lunan, President and Chief Executive Officer, stated, "This is the
Company's fifth consecutive profitable quarter and represents a 26.5%
increase in net profit over the same period last year. The Company has
made significant improvements in its operations; however, our financial
condition and results of operations continue to be negatively impacted by
excessive interest and legal costs associated with the Company's default
under its line of credit with General Electric Capital and the litigation
arising out of the default." Alan Walls, CFO, stated, "The Company is
continuing its efforts on the completion of the S-1 filing for Southland
Health Services, Inc., and expects it to be filed with the SEC very soon."
About Bad Toys Holdings, Inc.
Bad Toys Holdings, Inc. (BTYH) participates in two distinct business
segments:
Southland Health Services, Inc.
This division provides medical transportation services, including emergency
and non-emergency ambulance services. Our Southland Division 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.
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.
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.
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Tags: ,Automotive:Motorcycles Automotive:Parts and Accessories;Automotive:RepairandRestoration;MedicalandHealthcare:Healthcare;,TN,KINGSPORT, TN
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