Consumer Automot - CAFI STOCK NEWS

Consumer Automotive Finance (OTCPK: CAFI) has announced the finalization of an agreement to retire 246 million of its issued and outstanding common shares, expected to be reflected on OTC Markets within 14 days. This strategic move aims to enhance shareholder value and optimize capital structure.

The company is also undergoing a significant transformation, having received FINRA approval to rebrand as Fifty 1 Labs, Inc. and will trade under the new ticker symbol 'FITY'. The company operates in the sports supplement, fitness equipment, and health and wellness industries, with brands including '51' sports supplement and subsidiaries 51 Labs and The Quickness.

Chairman Brandon Spikes emphasized this share retirement as part of a broader initiative to enhance shareholder value, strengthen the share structure, and maintain transparency. The company is also pursuing an uplisting to the OTCQB market tier.

Consumer Automotive Finance Inc. (CAFI) has announced the completion of final steps with FINRA regarding its corporate name and ticker symbol change. The company expects to transition to Fifty 1 Labs, Inc. (FITY) within 30 days.

Led by former NFL player Brandon Spikes, Fifty 1 Labs operates in sports nutrition and performance innovation through multiple divisions: an advanced sports supplement division, Drago Knives (premium blade manufacturer), and The Quickness (performance training brand focused on speed and agility).

The rebranding initiative reflects the company's strategic shift beyond its original focus and aims to enhance market visibility for its expanding product lines in the sports, fitness, and tactical gear industries.

51 Labs, a subsidiary of Fifty 1 Labs, has launched five new sports nutrition products: ION+ Select Electrolyte Formula, Nature's Expresso Coffee, Turmeric Gummies, Apple Cider Gummies, and Ashwagandha Gummies. Each product targets specific health and performance needs, from hydration and energy to inflammation reduction and stress management.

The company is in the final stages of completing its name and ticker symbol change process with FINRA. Additionally, 51 Labs has addressed FINRA's comments regarding the reinstatement of its 15c211, which is important for restoring full trading capabilities and enhancing market liquidity. The new products will be available for purchase through the company's website at get51fit.com.

Consumer Automotive Finance (OTC: CAFI) has announced two significant corporate developments. First, the company has filed Form 15c2-11 with the SEC to enhance financial transparency and maintain its OTC Markets quotation. This filing aims to provide comprehensive financial information to stakeholders and improve corporate governance.

Second, CAFI is undergoing a strategic rebranding, changing its name to Fifty 1 Labs, Inc. with a new ticker symbol FITY. This change aligns with the company's focus on health, fitness, and wellness, including its '51' sports supplement brand featuring pre-workout and BCAA products, along with subsidiaries in wellness solutions, athletic equipment, and anti-aging products.

Fifty 1 Labs and All-In-Extracts have entered a joint venture to develop a new testosterone-boosting supplement. Combining Fifty 1 Labs' supplement expertise and All-In-Extracts' advanced botanical extraction methods, they aim to create a product that supports natural testosterone production and overall well-being.

Clinical trials will begin promptly to ensure safety, efficacy, and quality, with the product expected to launch in Q4 2024 initially in the U.S., followed by international expansion. The supplement targets common issues such as low energy and reduced muscle mass and is intended for both men and women.

Both companies emphasize transparency, safety, and quality, with plans for an extensive marketing campaign to educate consumers.

Fifty 1 Labs (CAFI) has acquired Drago Knives, a Florida-based company known for its innovative throwing knives designed by Dragan Zivotic, a former Serbian Army member. This acquisition aims to expand Fifty 1 Labs' product portfolio into the growing market of throwing knives, which have a rich history in hunting, combat, and sport. Drago Knives' unique patent-pending design offers improved finger placement and hand positioning, making knife throwing more accessible. The throwing knives are sold in sports equipment stores, online retailers, and specialty shops across the U.S., and the interest in this sport is growing.

Fifty 1 Labs (OTCPK: CAFI) announced key strategic initiatives to bolster its position in the sports supplement, fitness equipment, and health and wellness sectors. The company has appointed experienced management, completed strategic acquisitions, and acquired a groundbreaking patent in sports equipment. A stock share buyback program demonstrates confidence in future growth. The company's 51 Labs Nutrition line is expanding, with new products and clinical trials forthcoming. NIL endorsement deals with prominent athletes are under negotiation. The company is also undergoing a name change process, responding promptly to FINRA queries. More details on these initiatives will be shared in upcoming weeks.