Consumer Automotive Finance, Inc. Announces the Expansion of its Corporate Office to 11,000 Sq Ft to Accommodate Growth from its Subsidiaries

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Consumer Automotive Finance, Inc. expands its corporate office to accommodate the growth of its subsidiaries, including 51 Labs which recently launched new sports supplement products.

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• Consumer Automotive Finance, Inc. has expanded its corporate headquarters from 5,000 sq ft to 11,000 sq ft to accommodate the growth of its subsidiaries. The added space will be used to expand the workforce and provide supplementary warehouse space. 51 Labs, one of the subsidiaries, has recently launched 10 all-new premium sports supplement products and is developing additional products.

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Consumer Automotive Finance, Inc. Announces the Expansion of its Corporate Office to 11,000 Sq Ft to Accommodate Growth from its Subsidiaries

51 Labs developing new supplement and nutrition products to add to its current product line

MELBOURNE, Fla., Oct. 24, 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 expanded its corporate headquarters from 5,000 sq ft to 11,000 sq ft to accommodate the growth of its three subsidiaries, 51 Labs, The Quickness, and Astound NMN.  The added space will be utilized to expand its workforce with the addition of a sales team and for supplementary warehouse space.  The Company's subsidiary, 51 Labs, recently launched 10 all-new premium sports supplement products and is in the process of developing additional products.  The Company is also working on prototyping its patented product, The Quickness, which is a quick reflex training device originally designed to train linebackers speed, but will have other sports applications as well.

"I am excited to announce to our shareholders that we are laying the foundation to grow our subsidiaries that operate in very exciting markets," stated Robert Clark, CEO of Consumer Automotive Finance, Inc. "We now have the space to grow quickly, which will include adding a sales team and space to warehouse our products."

Clark continued, "We recently launched our "51" line of premium supplements, which include BCAAs, Pre-workout, and Whey Protein, and we are in the process of developing additional products.  Our goal with 51 is to have a comprehensive line of premium supplement and nutrition products for individuals looking to lead a healthy and active lifestyle."

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

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

View original content:https://www.prnewswire.com/news-releases/consumer-automotive-finance-inc-announces-the-expansion-of-its-corporate-office-to-11-000-sq-ft-to-accommodate-growth-from-its-subsidiaries-301965772.html

SOURCE Consumer Automotive Finance, Inc.

FAQ

What is Consumer Automotive Finance, Inc. expanding?

Consumer Automotive Finance, Inc. is expanding its corporate office to accommodate the growth of its subsidiaries.

What is 51 Labs?

51 Labs is a subsidiary of Consumer Automotive Finance, Inc. that develops sports supplement products.

What products has 51 Labs recently launched?

51 Labs has recently launched 10 all-new premium sports supplement products.

What is the purpose of the expansion?

The expansion will provide space for a sales team and supplementary warehouse space.

What is the website for 51 Supplements and Nutrition?

The website for 51 Supplements and Nutrition is https://get51fit.com.