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Consumer Automotive Finance, Inc. (formerly known as CAFI) is a company based out of Las Vegas, Nevada, United States, operating in the sports supplement, fitness equipment, and health and wellness industries. Recently, the company successfully completed a share buyback program to enhance shareholder value and strengthen its market position. The company's Chairman, Brandon Spikes, will be featured in Netflix's documentary series Untold: Swamp Kings, showcasing the Florida teams' achievements. The company is in the process of changing its name to Innate Global, Inc. to better reflect its recent acquisitions and focus on health and wellness products.
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.
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