Fifty
1 Labs, Inc Announces Acquisition of Drago Knives, LLC
Company adds
another patent to its portfolio with acquisition
Melbourne, FL -- June 18, 2024 --
InvestorsHub NewsWire -- Fifty 1 Labs, Inc. (OTCPK:CAFI),
a leading company in the sports supplement, sports equipment, and
health and wellness industries, is thrilled to announce the
acquisition of Drago Knives, LLC, a Florida-based company
specializing in innovative throwing knives. Founded by Dragan
Zivotic, a former member of the Serbian Army and an expert in knife
throwing, Drago Knives plans to make significant contributions to
the sports and outdoor equipment sector with its patent-pending
design for throwing knives.
The acquisition of Drago Knives, LLC,
marks a significant milestone for Fifty 1 Labs as it expands its
portfolio into the growing market of throwing knives, an ancient
practice with a rich history that dates back to prehistoric times.
Historically, throwing knives have been used across various
cultures for hunting, combat, and sport, evolving over centuries
into a popular activity for enthusiasts and professional
competitors alike.
Drago Knives, LLC, will distinguish
itself in this market with a unique patent-pending design that
enhances the throwing knife experience. This design allows users to
correctly place their fingers and hand on the knife, enabling quick
proficiency in knife throwing—a skill that combines art, sport, and
precision. This innovation not only honors the traditional aspects
of knife throwing but also brings a modern twist that appeals to
beginners and experienced throwers.
"We are excited to welcome Drago
Knives into the Fifty 1 Labs family. This acquisition aligns with
our commitment to providing high-quality, innovative products to
our customers," said Robert Clark, CEO of Fifty 1 Labs, Inc.
"Dragan Zivotic's expertise and passion for knife throwing have led
to the creation of a product that we believe will set a new
standard in the industry."
Throwing knives are currently sold in
select sports equipment stores, online retailers, and specialty
shops across the United States and are gaining popularity among a
wide range of consumers, from outdoor enthusiasts to professional
athletes. The growing interest in throwing knives as a sport and
hobby is evident in the increasing number of competitions and clubs
dedicated to knife throwing, indicating a bright future for this
segment.
Fifty 1 Labs, Inc is committed to
leveraging its resources and network to further enhance the Drago
Knives brand, expand its distribution channels, and introduce the
sport of knife throwing to a broader audience.
About Fifty 1 Labs, Inc
(CAFI)
Fifty 1 Labs, Inc.
(Ticker symbol: CAFI), a publicly traded entity presently in the
process of a name and symbol transition to become Fifty 1 Labs,
Inc. from Consumer Automotive Finance, 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.
About Drago Knives, LLC
Founded by Dragan Zivotic, Drago
Knives, LLC, is based in Florida and specializes in the design and
manufacture of high-quality throwing knives. With a patent-pending
design, Drago Knives aims to make knife throwing accessible and
enjoyable for everyone, from beginners to seasoned
throwers.
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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