Business
Consumer Automotive Finance, Inc. Pursues Name & Symbol Change
Consumer Automotive Finance, Inc. Pursues Name & Symbol Change.
About this update from Fifty 1 Labs Inc.
[{"type":"text","content":"Company Diversifies Portfolio with New AcquisitionsCHARLOTTE, NC / ACCESSWIRE / May 18, 2023 / Consumer Automotive Finance, Inc. (OTC PINK:CAFI) is a company that operates in the sports supplement, fitness equipment, and health and wellness industries. As part of its expansion strategy, the company seeks to acquire revenue-generating companies that complement its portfolio and enhance its position in these sectors. Consumer Automotive Finance, Inc. is excited to announce that it has engaged legal counsel to file for a name and symbol change. The company is pursuing the change to better reflect its recent acquisitions and new focus on health and wellness.Consumer Automotive Finance, Inc.'s recent acquisitions include 51, LLC, a sports supplement brand; The Quickness, a company that holds a patent for innovative sports training equipment designed to improve linebacker training; and Astound NMN, a brand of anti-aging DNA repairing supplements. These new acquisitions create the foundation for the Company's new position in the health and wellness industry.On April 25, 2023, the Company also acquired H2O and Solar Energy Solutions, based in central Florida, specializes in providing custom water purification and solar energy solutions for residential and commercial customers. With over $430,000 in revenue generated in 2022, the company offers free quotations and home testing to ensure customer satisfaction. H2O and Solar Energy Solutions is focused on expanding its sales team to achieve its target of generating over $1,000,000 in revenue in 2023.This strategic move enables Consumer Automotive Finance, Inc. to offer sustainable solutions that prioritize consumer health and wellbeing while reducing their environmental impact. With hydration being a key factor in performance and overall health, having access to purified water is crucial. This new acquisition will provide consumers with high-quality, purified water that meets their needs, supporting their fitness and wellness goals."We are pleased to announce these new acquisitions and our continued commitment to the health and wellness industry," said Brandon Spikes, CEO of Consumer Automotive Finance, Inc. "We believe that our recent acquisitions and our new direction require a name and symbol change that better reflects our focus and mission."Innate Global, Inc. is t...