Bad Toys deals with American Eagle.(Bad Toys, Inc.)(American Eagle Manufacturing Company, Inc.)(Gambler Motorcycle Company, Inc.)(Brief Article)

Powersports Business, July, 2004 by Freund, Ken

Nevada-based Bad Toys, Inc. announced it has entered into two Letters of Intent, one to acquire approximately 80% of American Eagle Manufacturing Company, Inc. and the other to acquire 100% of Gambler Motorcycle Company, Inc.

Bad Toys builds and sells custom V-Twin motorcycles and custom street rods, and provides brokerage service to custom car, classic car, and motorcycle owners. Larry Lunan, the company's president and chief executive officer, says he hopes to enter into a definitive agreement with both firms by July 31.

The purchase price for the majority of American Eagle will be paid in cash and by issuance of promissory notes and Bad Toy's common stock. The acquisition includes American Eagle subsidiaries, American Eagle Corp, and American...