Saturday, November 26, 2005 2:48:46 AM
About Bad Toys Holdings, Inc.
Bad Toys Holdings, Inc. (OTCBB: BTYH) is a publicly traded Nevada Corporation that participates in two distinct business segments medical transportation and motorcycle equipment sales. The Company’s corporate offices are located in Kingsport, TN.
On February 5, 2005 Bad Toys Holdings, Inc. acquired Southland Health Services, Inc. ("Southland"). Southland is a regional medical transportation provider and, through its operating subsidiaries, provides health care services, including emergency and non-emergency ambulance service and related medical transportation services such as wheelchair van and stretcher van service. Though the business may not sound exciting - it generates phenomenal revenues!
This division of the Company provides the bulk of revenues to the parent company, Bad Toys Holdings, Inc. Southland is a medical transportation services firm that provides emergency and non-emergency ambulance services. Southland operates in over 200 communities within the following seven states: Mississippi, Alabama, Florida, Louisiana, Kansas, Tennessee, and Virginia. It operates in excess of 160 ambulances and wheelchair vans and have over 1,100 full and part-time employees. With the current run rate Southland will transport more than 130,000 patients in this calendar year.
In the majority of areas in which Southland provides ambulance service, it does so through long-term contracts with County governments. These contracts average 4 to 6 year terms and designate our service as the sole provider within that county. Most of these contracts are awarded though competitive bid.
Approximately half of these medical transports are initiated by 911 calls, with the remainder primarily consisting of a variety of non-emergency transports, such as transports between hospitals, nursing homes and specialized healthcare facilities. Southland feels that providing a mix of emergency and non-emergency medical transportation services diversifies its revenue base and permits them to utilize their medical transportation vehicles more efficiently.
The Company receives its revenue from ambulance transportation provided to individual customers who use the service. Each one then bills the customer’s commercial insurance plan or government program for the service provided. The two predominate government programs are the Federal Medicare program and state Medicaid programs. In some cases the customer is billed directly for the service where there is no health insurance or government program coverage. Payments from Commercial Insurance carriers and from government programs are made on a case-by-case basis (fee for service) through a predictable claim-reimbursement process.
Southland’s main customers include hospitals, nursing homes, and home health agencies, as well as individual customers. Customers also include county and municipal governments and Managed Care Organizations (HMOs).
Bad Toys
This division of the Company is in the business of designing, manufacturing, distributing, servicing and selling custom made, Harley-Davidson® type, V-twin motorcycles from component parts. They also offer premium accessories, parts, customizing items and apparel related to Harley-Davidson® motorcycles on-line and directly from their retail and factory outlets. Bad Toys continues to expand this division of the Company as evidenced by our acquisition of American Eagle Manufacturing Company and Gambler Motorcycle Company.
Bad Toys Holdings, Inc. (OTCBB: BTYH) is a publicly traded Nevada Corporation that participates in two distinct business segments medical transportation and motorcycle equipment sales. The Company’s corporate offices are located in Kingsport, TN.
On February 5, 2005 Bad Toys Holdings, Inc. acquired Southland Health Services, Inc. ("Southland"). Southland is a regional medical transportation provider and, through its operating subsidiaries, provides health care services, including emergency and non-emergency ambulance service and related medical transportation services such as wheelchair van and stretcher van service. Though the business may not sound exciting - it generates phenomenal revenues!
This division of the Company provides the bulk of revenues to the parent company, Bad Toys Holdings, Inc. Southland is a medical transportation services firm that provides emergency and non-emergency ambulance services. Southland operates in over 200 communities within the following seven states: Mississippi, Alabama, Florida, Louisiana, Kansas, Tennessee, and Virginia. It operates in excess of 160 ambulances and wheelchair vans and have over 1,100 full and part-time employees. With the current run rate Southland will transport more than 130,000 patients in this calendar year.
In the majority of areas in which Southland provides ambulance service, it does so through long-term contracts with County governments. These contracts average 4 to 6 year terms and designate our service as the sole provider within that county. Most of these contracts are awarded though competitive bid.
Approximately half of these medical transports are initiated by 911 calls, with the remainder primarily consisting of a variety of non-emergency transports, such as transports between hospitals, nursing homes and specialized healthcare facilities. Southland feels that providing a mix of emergency and non-emergency medical transportation services diversifies its revenue base and permits them to utilize their medical transportation vehicles more efficiently.
The Company receives its revenue from ambulance transportation provided to individual customers who use the service. Each one then bills the customer’s commercial insurance plan or government program for the service provided. The two predominate government programs are the Federal Medicare program and state Medicaid programs. In some cases the customer is billed directly for the service where there is no health insurance or government program coverage. Payments from Commercial Insurance carriers and from government programs are made on a case-by-case basis (fee for service) through a predictable claim-reimbursement process.
Southland’s main customers include hospitals, nursing homes, and home health agencies, as well as individual customers. Customers also include county and municipal governments and Managed Care Organizations (HMOs).
Bad Toys
This division of the Company is in the business of designing, manufacturing, distributing, servicing and selling custom made, Harley-Davidson® type, V-twin motorcycles from component parts. They also offer premium accessories, parts, customizing items and apparel related to Harley-Davidson® motorcycles on-line and directly from their retail and factory outlets. Bad Toys continues to expand this division of the Company as evidenced by our acquisition of American Eagle Manufacturing Company and Gambler Motorcycle Company.
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