Consumer Automotive Finance, Inc. Announces Cancellation of 70,000,000 Common Shares

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Consumer Automotive Finance, Inc. (OTCPK: CAFI) has reduced its issued and outstanding common shares of stock by 70 million shares. The company had its Pink Limited Information 'Yield' sign removed and submitted a letter to OTC to remove the Shell Risk classification. It is working on its 15c2-11 compliance and plans to uplist to the OTCQB market tier. The company also filed forms with FINRA for a name and symbol change to Fifty 1 Labs, Inc. The launch of its sports supplements and nutrition products under the '51' brand has been announced.

Company has Pink Limited Information Yield Sign Removed

MELBOURNE, Australia, Oct. 31, 2023 /PRNewswire/ -- Consumer Automotive Finance, Inc. (OTCPK: CAFI), a company that operates in the sports supplement, fitness equipment, and health and wellness industries, is pleased to announce it has reduced its issued and outstanding common shares of stock by seventy million (70,000,000) shares.

The Company recently had its Pink Limited Information "Yield" sign removed and has submitted a letter to OTC in efforts to remove the Shell Risk classification. The Company is tightening up its share structure and will be working on its 15c2-11 along with uplisting to the OTCQB market tier.

The Company recently filed forms with FINRA to process its name and symbol change. The Company's new name, Fifty 1 Labs, Inc. is anticipated to go into effect within the next several weeks. The name and ticker symbol change will better reflect the Company's origination and foundation.

"I am excited to announce to our shareholders that our efforts in getting the Company current with the OTC have paid off and we are on track in executing our roadmap in meeting qualifications to uplist to the OTCQB," stated Robert Clark, CEO of Consumer Automotive Finance, Inc. "We have also filed our name and symbol change with FINRA, which we anticipate will go into effect within the next few weeks. This is a big step in aligning our Company name with our origination, products, and foundation."

The Company recently announced it has launched its much-anticipated line of sports supplements and nutrition products under its "51" brand. 51's journey began with former NFL player and two-time National Champion with the Florida Gators, Brand Spikes, who saw the need for high quality sports nutrition products during his time as a professional football player and after retirement while working with collegiate and professional athletes.  After bringing Robert Clark onboard as CEO in late June, the team worked rapidly to develop 51's first product line of pre-workout and BCAA's (branch chain amino acids) supplements.  The Company launched its new 51 website where all products can immediately be purchased.

For more information regarding 51 Supplements and Nutrition, please visit:

https://get51fit.com

About Fifty 1 Labs, Inc.

Consumer Automotive Finance, Inc. (Ticker symbol: CAFI), a publicly traded entity presently in the process of a name and symbol transition to become Fifty 1 Labs, Inc. This transformation accompanies the company's ownership of three distinct subsidiaries entrenched within the domains of sports supplementation, fitness apparatus, and the realm of holistic well-being. These subsidiaries encompass 51, LLC, a distinguished brand specializing in sports supplementation; The Quickness, the proud bearer of a patent for pioneering athletic training equipment, meticulously crafted to amplify linebacker development; and Astound NMN, a beacon of excellence within the anti-aging sector, heralding the era of DNA reparation through its premium supplements. Guided by an unwavering commitment, Fifty 1 Labs, Inc. remains at the forefront of ingenuity, consistently presenting avant-garde solutions infused with state-of-the-art technology, poised to empower individuals in their pursuit of fitness and holistic health aspirations. Furthermore, Fifty 1 Labs, Inc. remains actively engrossed in the pursuit of strategic acquisitions, aimed at fortifying its portfolio by incorporating profit-generating enterprises into its fold.

Safe Harbor Statement:

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. The Company may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company's Registration Statement on Form S-1. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. The Company does not undertake any obligation to update publicly or to revise any statements in this release, whether as a result of new information, future events, or otherwise.

Investor Relations Contact:
Robert Clark
844-714-2224
ir@fifty1labs.com

 

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SOURCE Consumer Automotive Finance, Inc.

FAQ

What is the company's new name?

The company's new name is Fifty 1 Labs, Inc.

What is the company's stock symbol?

The company's stock symbol is OTCPK: CAFI.

What changes has the company made to its share structure?

The company has reduced its issued and outstanding common shares of stock by 70 million shares.

What is the company's plan regarding uplisting?

The company is working on its 15c2-11 compliance and plans to uplist to the OTCQB market tier.

What is the new brand launched by the company?

The company has launched a new brand called '51' for its sports supplements and nutrition products.

Where can the products be purchased?

The products can be purchased on the new 51 website: https://get51fit.com.