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No Borders Snapshot
No Borders (formerly American Eagle Manufacturing) has gone from manufacturing high-end toys for motorcyclists to offering low-cost remittances to immigrants. American Eagle Manufacturing sold all assets related to its custom motorcycle manufacturing business to former parent Bad Toys Holdings, bought No Borders from Intercommunity Financing Corp., then changed its name. No Borders provides financial services through a debit and stored-value card platform to residents of developing countries and immigrants from those countries. Initially it's offering money transfers and long distance telephone services to Mexican immigrants and their families back home. InfoSpan owns 56% of the company.
