Consumer Automotive Finance, Inc. Diversifies Revenue Streams with Letter of Intent to Acquire H2O and Solar Energy Solutions from Branded Legacy, Inc.
14 April 2023 - 2:30PM
InvestorsHub NewsWire
H2O and Solar Energy
Solutions Projected Revenues to Surpass $1.5 Million in
2023
Charlotte, NC -- April 14, 2023 -- InvestorsHub NewsWire
-- Consumer Automotive Finance, Inc. (OTCPK:
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, has announced today that it
has signed a letter of intent to acquire H2O and Solar Energy
Solutions from Branded Legacy, Inc. (OTCPK: BLEG) for Twenty
Million (20,000,000) restricted common stock. H2O and Solar Energy
Solutions is a provider of water purification and solar energy
systems based in central Florida. H2O and Solar Energy Solutions is
a provider of water purification and solar energy systems based in
central Florida, with over $430,000 in revenue generated in
2022.
H2O and Solar Energy Solutions offers customized water
purification and solar energy solutions for residential and
commercial customers. The company provides free quotations and free
home testing to ensure that its customers receive the best possible
solutions without any hassle. H2O and Solar Energy Solutions is
focused on expanding its sales team and plans to generate over One
Million Dollars ($1,000,000) in revenue in 2023.
Through this acquisition, Consumer Automotive Finance, Inc. aims
to help H2O and Solar Energy Solutions obtain the funding necessary
for its projected growth. It believes that H2O and Solar Energy
Solutions' unique offerings and commitment to customer satisfaction
align with its own mission to provide innovative and reliable
solutions to its customers.
"We are excited to announce the acquisition of H2O and Solar
Energy Solutions," said Brandon Spikes, CEO of Consumer Automotive
Finance, Inc. "As a company that is committed to innovation and
customer satisfaction, we believe that H2O and Solar Energy
Solutions is the perfect fit for us. This acquisition will enable
us to expand our offerings and provide even more value to our
customers."
The acquisition is subject to customary closing conditions and
regulatory approvals. The companies expect the transaction to close
within weeks.
About Consumer Automotive Finance, Inc.: Innate
Global, Inc. (formerly Consumer Automotive Finance, Inc.) is a
company with three subsidiaries that operate in the sports
supplement, fitness equipment, and health and wellness industries,
respectively. Its subsidiaries are 51, LLC, a sports supplement
brand, The Quickness, which holds a patent for innovative sports
training equipment designed to improve linebacker training, and
Astound NMN, a brand of anti-aging DNA repairing supplements. The
company is dedicated to providing innovative products and
cutting-edge technology that help people achieve their fitness and
wellness goals. Additionally, Innate Global, Inc. is actively
seeking to acquire revenue-generating companies to further expand
its portfolio.
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 the use of the words "may," "will," "should,"
"plans," "expects," "anticipates," "continue," "estimate,"
"project," "intend," and similar expressions. 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.
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