American Eagle Manufacturing Company Approves Agreement to Sell Control of the Company to No Borders

CARLSBAD, Calif.--Oct. 4, 2004--American Eagle Manufacturing Company, Inc., (OTCBB:AEMF), a Nevada Corporation, engaged in the business of manufacturing custom high-end motorcycles, announced today that a majority of the Company's shareholders and its Board of Directors have approved the sale of controlling interest in American Eagle for approximately 40,000,000 shares of stock to Inter-Community Financing Corporation d/b/a No Borders.

No Borders, a development stage Company, is in the business of providing a debit and stored value card platform through which a variety of financial and commercial services and products can be offered to residents of developing countries and to immigrants from those countries who reside in the United States that send money back home on a regular basis. No Borders offers significantly lower cost money transfers and long distance telephone services, initially focusing on Mexico and El Salvador. According to the Federal Reserve Bank of Dallas, Mexican immigrants in the U.S. sent back to Mexico an estimated $13.3 billion in 2003, and as of March 31, 2004, the numbers increased by 22% when compared to the same three month period in 2003. No Borders believes it will be able to accelerate its penetration of this growing market, first by reducing the excessive costs currently charged to the consumer, and second by offering a full range of financial and commercial services and products to this emerging transnational market, at significantly lower prices.

Dr. Raul Hinojosa, is a co-founder, President and Chairman of No Borders and is a Professor of Public Policy at UCLA, and a leading authority on the subject of the economic integration between the United States and Latin America. Dr. Hinojosa states, "Our remittance and telecom offerings, represent only a fraction of U.S. Latino transnational household expenditures. We believe our mission and focus is designed to provide this emerging transnational market with benefits which are well beyond those offered by other providers of remittance services, including a full menu of additional low cost products and services to be provided by our current and future financial and commercial partner and alliance companies."

Larry Lunan, President and CEO of American Eagle Manufacturing Company stated, "I believe this is an excellent opportunity for our investors to gain rewards in the new business taking control of American Eagle."

For further information, contact Larry N. Lunan, President and Chief Executive Officer of American Eagle, (423) 247-9560 or Al Kau, Investor Relations in California at (888) 795-3166.

Certain statements in this release and other written or oral statements made by or 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 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.