Consumer
Automotive Finance, Inc. (OTC: CAFI) Files Form 15c2-11 to Enhance
Transparency and Compliance
Company
Announces Pending Name and Ticker Symbol Change to Fifty 1 Labs,
Inc. (OTC: FITY)
MELBOURNE, FL
-- December 9, 2024 -- InvestorsHub NewsWire
-- Consumer
Automotive Finance, Inc. (OTC:
CAFI), a diversified company operating in the sports
supplement, fitness equipment, and health and wellness industries,
is pleased to announce two key developments in its corporate
evolution:
Filing of
Form 15c2-11 to Enhance Transparency and Compliance:
The company has
filed Form 15c2-11 with the U.S.
Securities and Exchange Commission (SEC), marking a significant
step toward improving its financial transparency and compliance.
This filing is required by the SEC to enable a company to maintain
its quotation on the Over-the-Counter (OTC) Markets.
By meeting these regulatory
standards, Consumer Automotive Finance, Inc. aims to provide
accurate, complete, and timely financial information to the
public.
The filing aligns with the
company's ongoing commitment to improving shareholder communication
and corporate governance. It ensures that investors, analysts, and
regulators have clear insights into the company's financial health,
operations, and strategic direction.
"We are excited to take this step
towards enhancing our corporate governance and financial
transparency," said Robert Clark, CEO of Consumer Automotive
Finance, Inc. "Filing Form 15c2-11 reflects our commitment to
building long-term value for our shareholders and ensuring that we
adhere to the highest standards of regulatory compliance. This move
will provide greater clarity and confidence to our investors as we
continue to grow our business and expand into new
markets."
Pending Name
and Ticker Symbol Change to Fifty 1 Labs, Inc. (OTC:
FITY):
As part of its long-term
strategy, Consumer Automotive Finance, Inc. is finalizing a
strategic rebranding, which includes a corporate name change to
Fifty 1 Labs, Inc. and a new ticker symbol, FITY. This rebranding
reflects the company's expanded focus on innovation in health,
fitness, and wellness.
The name change accompanies the
launch of the company's "51" sports supplement brand, featuring
pre-workout and BCAA products, as well as its subsidiaries
specializing in wellness solutions, athletic equipment, and
anti-aging products.
"The name change to Fifty 1 Labs,
Inc. symbolizes a new chapter in our company's transformation,"
added Clark. "This rebranding reflects our dedication to delivering
cutting-edge solutions and creating value for our
shareholders."
About Fifty 1
Labs, Inc.
Consumer Automotive Finance, Inc.
(OTCPK: CAFI), soon to be renamed Fifty 1 Labs, Inc., is a publicly
traded company focused on sports supplementation, fitness
equipment, and holistic wellness. The company operates four key
subsidiaries: 51, LLC, which specializes in sports supplements; The
Quickness, which offers patented athletic training equipment;
Astound NMN, a leader in anti-aging and DNA repair supplements; and
Drago Knives, patented knife throwing technology. Fifty 1 Labs,
Inc. is also actively pursuing strategic acquisitions to expand its
portfolio and drive sustainable growth.
Safe Harbor Statement:
The information provided in this
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995.
Identifiable by words such as "may," "will," "should," "plans,"
"expects," "anticipates," "continue," "estimate," "project,"
"intend," and similar expressions, these statements may also be
made in written or oral form in the company's filings with the U.S.
Securities and Exchange Commission, OTC Markets, press releases,
other written materials, or 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 Disclosure Statements. 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:
Investor Relations
844-714-2224
ir@fifty1labs.com
