Labor Smart, Inc. (LTNC) Announces Acquisition of Go Fast Sports and Beverage Company
Labor Smart Inc (OTC:LTNC) has announced the acquisition of Go Fast Sports and Beverage Company from Illumination Brands in exchange for 400,000,000 LTNC shares. Go Fast, known for premium energy beverages and extreme sports lifestyle branding, will operate as a standalone subsidiary under LTNC's umbrella, with Samantha Brown continuing as President. To maintain shareholder value, LTNC's Co-CEO Michael Holley has returned 500,000,000 of his personal LTNC shares to the company treasury, making the acquisition non-dilutive for existing shareholders.
Labor Smart Inc (OTC:LTNC) ha annunciato l'acquisizione di Go Fast Sports and Beverage Company da Illumination Brands in cambio di 400.000.000 azioni LTNC. Go Fast, noto per le bevande energetiche premium e il branding dello stile di vita degli sport estremi, opererà come una controllata indipendente sotto l'ombrello di LTNC, con Samantha Brown che continuerà nel ruolo di Presidente. Per mantenere il valore per gli azionisti, il Co-CEO di LTNC, Michael Holley, ha restituito 500.000.000 delle sue azioni LTNC personali alla tesoreria dell'azienda, rendendo l'acquisizione non diluitiva per gli azionisti esistenti.
Labor Smart Inc (OTC:LTNC) ha anunciado la adquisición de Go Fast Sports and Beverage Company de Illumination Brands a cambio de 400.000.000 acciones LTNC. Go Fast, conocida por sus bebidas energéticas premium y la marca de estilo de vida de deportes extremos, operará como una subsidiaria independiente bajo el paraguas de LTNC, con Samantha Brown continuando como Presidenta. Para mantener el valor para los accionistas, el Co-CEO de LTNC, Michael Holley, ha devuelto 500.000.000 de sus acciones personales de LTNC al tesoro de la compañía, haciendo que la adquisición no dilutiva para los accionistas existentes.
Labor Smart Inc (OTC:LTNC)가 Illumination Brands로부터 Go Fast Sports and Beverage Company를 4억 주 LTNC 주식과 교환하여 인수했다고 발표했습니다. 프리미엄 에너지 음료와 익스트림 스포츠 라이프스타일 브랜딩으로 알려진 Go Fast는 LTNC의 우산 아래 독립 자회사로 운영되며, 샘한나 브라운이 계속해서 사장직을 맡게 됩니다. 주주 가치를 유지하기 위해 LTNC의 공동 CEO인 마이클 홀리는 자신의 LTNC 개인 주식 5억 주를 회사 재무에 반환하여 기존 주주들에 대한 인수의 희석효과를 없앴습니다.
Labor Smart Inc (OTC:LTNC) a annoncé l'acquisition de Go Fast Sports and Beverage Company d'Illumination Brands en échange de 400.000.000 d'actions LTNC. Go Fast, connue pour ses boissons énergétiques haut de gamme et son image de marque dans le style de vie des sports extrêmes, fonctionnera comme une filiale autonome sous l'égide de LTNC, avec Samantha Brown continuant en tant que Présidente. Pour préserver la valeur pour les actionnaires, le Co-CEO de LTNC, Michael Holley, a restitué 500.000.000 de ses actions LTNC personnelles au trésor de la société, rendant ainsi l'acquisition non dilutive pour les actionnaires existants.
Labor Smart Inc (OTC:LTNC) hat die Übernahme von Go Fast Sports and Beverage Company von Illumination Brands im Austausch für 400.000.000 LTNC-Aktien angekündigt. Go Fast, bekannt für Premium-Energiedrinks und extreme Sport-Lifestyle-Branding, wird als eigenständige Tochtergesellschaft unter dem Dach von LTNC operieren, wobei Samantha Brown weiterhin die Präsidentin bleibt. Um den Wert für die Aktionäre zu erhalten, hat LTNCs Co-CEO Michael Holley 500.000.000 seiner persönlichen LTNC-Aktien in die Unternehmensschatzkammer zurückgegeben, wodurch die Übernahme für bestehende Aktionäre nicht verwässernd ist.
- Strategic expansion into high-energy beverage market
- Non-dilutive acquisition structure through CEO share return
- Retention of Go Fast's existing leadership team
- Large share issuance of 400,000,000 shares for acquisition
- No disclosed revenue or valuation metrics for Go Fast
Labor Smart, Inc. (OTC:LTNC) Announces Acquisition of Go Fast Sports and Beverage Company, a Legendary Extreme Sports Lifestyle Brand
JACKSON, WY / ACCESSWIRE / December 27, 2024 / Labor Smart, Inc. (OTC PINK:LTNC), a leader in brand development, manufacturing, and distribution, is proud to announce the acquisition of Go Fast Sports and Beverage Company from Illumination Brands, an Alberta Corporation.
Go Fast Sports and Beverage Company is an iconic, independent lifestyle brand renowned for its premium energy beverages and unwavering dedication to extreme sports and adventure culture. This acquisition represents a major milestone in Labor Smart's strategic growth plan, expanding its portfolio into the high-energy beverage market while honoring the legacy of a brand synonymous with adrenaline-fueled excitement and peak performance.
Transaction Details
Under the terms of the agreement, Labor Smart has acquired Go Fast Sports and Beverage Company from Illumination Brands in exchange for 400,000,000 shares of LTNC. Go Fast will operate as a standalone subsidiary of LTNC, with Samantha Brown remaining as President of Go Fast Sports and Beverage Company. As part of this transaction, Michael Holley, Co-CEO of LTNC, has voluntarily returned 500,000,000 of his personally held LTNC shares to the company treasury. This strategic action ensures the acquisition is a non-dilutive event for LTNC shareholders, further reinforcing the company's commitment to shareholder value.
About Go Fast Energy
Founded in 1996 in Denver, Colorado, Go Fast Sports and Beverage Company began as a premium athletic clothing brand tailored for skydivers. By 2001, the company launched its first energy drink, the "OG," pioneering a preservative-free, high-performance beverage crafted by athletes, for athletes. Go Fast Energy quickly gained recognition for its exceptional quality, offering energy drinks free from high-fructose corn syrup and aspartame-a hallmark of the brand's commitment to health-conscious performance.
Beyond its product line, Go Fast Energy has become a cultural icon, captivating audiences worldwide through adrenaline-pumping events and record-breaking stunts. From the world-famous GO FAST! Jet Pack Flight to the Human Slingshot and the World's Smallest Parachute Jump, the brand embodies its ethos: Never slow, GO FAST!
With a history of global expansion spanning Europe, North America, South America, and Asia, LTNC aims to revitalize Go Fast Energy's legacy, reconnecting the brand with its loyal base and introducing its unique lifestyle to new markets. The acquisition marks a fresh chapter in Go Fast Energy's journey, one that will amplify its global footprint and ignite new levels of passion for its high-performance products.
Leadership Perspectives
Brad Wyatt, Co-CEO of LTNC, shared his excitement about the acquisition:
"Go Fast Energy represents an exciting addition to Labor Smart's growing portfolio of innovative brands. Their dedication to creating high-quality, performance-driven products perfectly aligns with our vision of delivering exceptional experiences to consumers. Together, we'll reignite global enthusiasm for Go Fast Energy and build on its powerful connection with adventurers and athletes worldwide."
Tom Zarro, Co-CEO of LTNC, emphasized the strategic importance of the acquisition:
"This acquisition underscores Labor Smart's commitment to diversification and growth within the beverage industry. Go Fast Energy is more than a product; it's a lifestyle and a movement. We're committed to expanding its reach while preserving the authenticity and passion that have driven its success for decades."
Samantha Brown, a Colorado native, athlete, and Navy veteran from Arvada, Colorado, will continue leading Go Fast as its President. Her leadership ensures the brand remains true to its roots while embarking on an exciting new phase of growth under LTNC.
About Labor Smart, Inc.
Labor Smart, Inc. specializes in brand development, manufacturing, and distribution across multiple industries. With a growing portfolio of subsidiaries, including Illumination Holdings, Next Gen Beverages LLC, and Elevate Health & Wellness Nutraceuticals, LTNC is dedicated to delivering premium products and innovative solutions that enhance the lives of its customers.
For more information about Labor Smart, Inc., please visit www.lockdin.com.
Contact Information
Labor Smart, Inc.
125 S. King Street, Suite 2A #2922
Jackson, WY 83001-2922
United States
Safe Harbor Statement
This press release contains forward-looking statements based on current expectations, projections, and assumptions regarding future events. These statements involve risks and uncertainties that could cause actual results to differ materially. Labor Smart assumes no obligation to update any forward-looking statements.
Contact Information
Investor Relations
ir@laborsmartinc.com
SOURCE: Labor Smart, Inc
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FAQ
How many LTNC shares were used to acquire Go Fast Sports and Beverage Company?
How did LTNC prevent shareholder dilution in the Go Fast acquisition?
Who will lead Go Fast after the LTNC acquisition?
What market segment does the Go Fast acquisition add to LTNC's portfolio?
