American Eagle Manufacturing Company Completes the Sale of Controlling Interest to No Borders, Inc.

CARLSBAD, Calif.--Oct. 2, 20041, 2004--American Eagle Manufacturing Company, Inc., (OTCBB:AEMF), a Nevada Corporation, announced today the consummation of an agreement for the sale of controlling interest in the Company to Inter-Community Financing Corporation, d/b/a No Borders, Inc. Pursuant to the terms of the agreement, the shareholders of No Borders receive 40,000,000 shares of American Eagle in return for 100% of the issued and outstanding shares of No Borders, Inc. The name of the Company has been changed to No Borders, Inc., effective October 19, 2004. The Company's common stock currently is trading on the OTCBB under the symbol AEMF. The Company's symbol will change on or about October 29, 2004.

No Borders 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 and send money back home on a regular basis.

For further information, contact Al Kau, Investor Relations 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 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.