--News Direct--
McapMediaWire -- Consumer Automotive Finance, Inc. (OTC: 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. (OTC: 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.
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View source version on newsdirect.com: https://newsdirect.com/news/consumer-automotive-finance-inc-diversifies-revenue-streams-with-letter-of-intent-to-acquire-h2o-and-solar-energy-solutions-from-branded-legacy-inc-355409315
