Consumer Automotive Finance Subsidiary Drago
Knives Narrows Down Potential Partner to Manufacture Patented
Throwing Knives
The Company Files Attorney Letter with OTC to
Become Current
Melbourne, FL -- December
20, 2024 -- InvestorsHub NewsWire -- Consumer Automotive Finance,
Inc. (OTCPK:
CAFI), a dynamic company active in the sports supplement,
fitness equipment, and health and wellness sectors, is excited to
announce a significant milestone achieved by its subsidiary, Drago
Knives. Drago Knives has successfully narrowed down its search for
a manufacturing partner to produce its patented line of
precision-engineered throwing knives. This development marks a
pivotal step toward bringing these cutting-edge products to
market.
Drago Knives, renowned for
its blend of artistry and engineering in the world of tactical and
recreational knives, has patented a revolutionary design that
enhances both the balance and durability of throwing knives.
Following a rigorous selection process, the company is in advanced
discussions with a select group of manufacturing firms that meet
its high standards for quality, innovation, and scalability.
"This is an exciting time
for Drago Knives and for Consumer Automotive Finance as a whole,"
said Robert Clark, CEO of Consumer Automotive Finance. "The
patented throwing knife design represents a unique opportunity to
expand our portfolio in sports equipment and specialized consumer
products. We are confident that this collaboration will yield
exceptional results for our customers and shareholders alike."
Progress Toward
Compliance and Transparency
In parallel with this
operational advancement, Consumer Automotive Finance is pleased to
report that it has filed an attorney letter with the OTC Markets
Group. This filing is a crucial step toward achieving current
reporting status and underscores the company's commitment to
transparency and regulatory compliance.
The attorney letter, which
verifies the accuracy and completeness of the company's disclosure
information, reflects Consumer Automotive Finance's dedication to
maintaining high standards of corporate governance. Becoming
current on OTC filings will provide greater confidence to investors
and facilitate the company's ongoing growth initiatives.
Strategic Goals for
2025
Looking ahead, Consumer
Automotive Finance has outlined an ambitious strategic goal for
2025: to increase its share price above a penny and achieve an
uplisting to the OTCQB market tier. This initiative reflects the
company's commitment to enhancing shareholder value and positioning
itself as a trusted and high-growth entity within the financial and
consumer markets. By pursuing this goal, Consumer Automotive
Finance aims to strengthen its market presence and unlock new
opportunities for expansion and investment.
Expanding
Horizons
With the dual focus on
advancing Drago Knives' manufacturing capabilities and enhancing
corporate transparency, Consumer Automotive Finance is poised for a
breakthrough year. These strategic moves align with the company's
broader mission of delivering innovative solutions and diversifying
its portfolio to create lasting value for stakeholders.
About Drago
Knives
Drago Knives is a
cutting-edge subsidiary of Consumer Automotive Finance, focused on
the design, production, and distribution of premium tactical and
recreational knives. Known for its patented innovations and
uncompromising quality, Drago Knives is redefining the standards in
the industry.
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
