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Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC.
About this update from Fifty 1 Labs Inc.
[{"type":"text","content":"\n\n\n\nFifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC\nPR Newswire\nMELBOURNE, Fla., June 18, 2024\n\n\n\nCompany adds another patent to its portfolio with acquisition\nMELBOURNE, Fla., June 18, 2024 /PRNewswire/ -- 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.\n\nThe 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.\nDrago 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.\n\"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 wi...